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An analysis has revealed that up to $5 billion (about ₩7 trillion) in domestic funds have flowed out through dollar stablecoins. Professor Jo Jae-woo of Hansung University attended the seminar 'Stop the Outflow of ₩131 Trillion in National Wealth: Di
There have been calls for allowing leverage trading in the domestic virtual asset market. Professor Jongseop Lee of Seoul National University's Business School attended the seminar ‘Block 131 Trillion Won Outflow of National Wealth: Digital Asset Bas
The Democratic Party of Korea has directly opposed the position of the monetary authorities that the issuance of Korean won-based stablecoins should be limited to banks. The party insists that the won stablecoin market should be actively opened to pr
Only a Day After the 'Jackson Hole Speech' Bitcoin Turns to a Downtrend "Market Uncertainty Overwhelms" May Fall Below $110,000 This Month Despite dovish (preference for monetary easing) remarks by Jerome Powell, Chair of the Fed, Bitcoin (BTC) price
It has been found that over 60% of investors in YZY, a Solana (SOL)-based meme coin issued by American rapper Kanye West, are currently at a loss. According to SolanaFloor on the 21st (local time), the number of YZY investors was approximately 56,000
The Canadian listed company Sol Strategies, which has adopted a Solana (SOL)-focused financial strategy, has secured 400,909 Solana tokens. On the 21st (local time), Sol Strategies announced on its official X (formerly Twitter) account that "we curre
Last month, existing home sales in the United States increased by 2% compared to the previous month. The National Association of Realtors (NAR) announced on the 21st (local time) that existing home sales in the U.S. for last month totaled 4.01 millio
Global investment bank (IB) JPMorgan has stated that institutional investor demand for Ethereum (ETH) may continue to grow. According to CoinDesk on the 21st (local time), JPMorgan said in a report released the previous day (20th), "Last month, $5.4
U.S. cryptocurrency exchange Coinbase is seeking to list World Liberty Financial's (WLFI) stablecoin. On the 21st (local time), Coinbase announced via its official X account that it has added World Liberty Financial USD1 (USD1) to its listing roadmap
The cryptocurrency wallet company MetaMask is set to launch its own stablecoin. According to The Block on the 21st (local time), MetaMask will launch its own stablecoin, mUSD, by the end of this year. mUSD will be issued through Bridge, the stablecoi
The price of Bitcoin (BTC) has fallen below $113,000. According to CoinMarketCap, a virtual asset market tracking site, Bitcoin is trading at $112,968.72 as of 9:52 PM on the 21st. This figure represents a 0.66% drop from the previous day. The Kimchi
The decentralized lending protocol Aave (AAVE) has launched on the layer-1 blockchain Aptos (APT). According to The Block on the 21st (local time), Aave was launched on Aptos on this day. This is the first time Aave has launched on a blockchain that
Last week, the number of new jobless claims in the United States greatly exceeded market expectations. The U.S. Department of Labor announced on the 21st (local time) that the number of new jobless claims last week was 235,000. This figure is 9,000 m
There is an analysis suggesting that the price of Bitcoin (BTC) is likely to rise further. PelinayPA, a contributor for CryptoQuant, stated on the 21st via CryptoQuant, "Bitcoin's 'Market Value to Realized Value (MVRV)' is currently at 2.1," adding,
On the 21st (local time), the United States and the European Union (EU) issued a joint statement that documents the details of their trade agreement. This comes just 25 days after the agreement was reached between their leaders on the 27th of last mo
The American cryptocurrency exchange Gemini has obtained the MiCA license from the European Union (EU). Cointelegraph announced on the 21st (local time) via its official X account that 'Gemini has obtained the MiCA license from the Malta Financial Se
Hong Kong construction company Ming Shing Group Holdings, listed on the US Nasdaq, is pushing for a large-scale Bitcoin (BTC) purchase. Ming Shing Group Holdings announced on the 20th (local time) that it has signed a contract with Winning Mission Gr
A whale (large investor) who had held Bitcoin (BTC) for seven years sold their holdings and opened a large Ethereum (BTC) long position. According to on-chain analyst MLM on the 20th (local time), the whale who had held Bitcoin for seven years sold 5
The open interest (OI) of major altcoins such as Ethereum (ETH) and SOl has surpassed $60 billion (approximately ₩83.9 trillion). Onchain analytics firm Glassnode stated in its weekly report on the 20th (local time) that "last weekend, the futures op
The amount of Ethereum (ETH) held by companies that have adopted an Ethereum-based financial strategy has surpassed 4.1 million. According to the Strategic Ethereum Reserve on the 21st, the total Ethereum held by reserve-focused companies is estimate
The amount of Bitcoin (BTC) held by Binance, the world's largest cryptocurrency exchange, has approached the level of Coinbase's Bitcoin holdings. A CryptoOnchain contributor for CryptoQuant stated through CryptoQuant on the 21st, "As of the 3rd of t
The four major domestic financial groups are set to have consecutive meetings with Heath Tarbert, the President of Circle (USDC). Some groups will be represented by their top executives, including chairmen, for these meetings. According to the financ
Kim Nam-kook, Secretary for Digital Communication at the Presidential Office, was acquitted again in the second trial on charges of falsely reporting his virtual asset holdings in his National Assembly property declaration. The Criminal Appellate Div
National Assembly 'Won Stablecoin' Seminar Min Byung-deok: "Urgent need for institutionalized strategies" "Launch of 'Digital Won Era' with adoption" Financial authorities plan to propose government bill in October The Democratic Party of Korea is ac
The monetary authority once again emphasized its previous stance that the Korean won stablecoin should be issued within the banking sector. Goh Kyung-chul, head of the Electronic Banking Team at the Bank of Korea, attended the seminar titled 'Korean
Naver Pay has indicated the possibility of promoting a consortium-based stablecoin business. Lee Byung-kyu, a director at Naver Pay's Innovation Growth Support Office, stated at the 'Korean won Stablecoin: Opening of the Digital Won Era' seminar held
The financial regulatory authorities will propose the government's 'Phase 2 virtual asset legislation' around October this year. Rep. Park Min-gyu of the Democratic Party of Korea attended the 'Won Stablecoin: Opening of the Digital Won Era' seminar
Representative Min Byung-deok of the Democratic Party of Korea stated on the 18th, "It is urgent to establish a strategy for the Korean won stablecoin through institutionalization." At the seminar titled 'Korean Won Stablecoin: Opening of the Digital
SharpLink, Q2 Earnings Call on the 15th First Results Since Financial Strategy Shift Secured $2.84 Billion Worth of Ethereum Share Price Continues to Rise on Earnings Expectations US Nasdaq-listed SharpLink Gaming will announce its second quarter res
In the $4,600 range... Soars 30% in a week Impact of aggressive accumulation by major U.S. investors Market capitalization at $560 billion, surpassing Netflix The price of Ethereum, known as the 'leading altcoin,' has been skyrocketing since last mon