JOON HYOUNG LEE

U.S. Leap Therapeutics declares Zcash stockpile… buys 200,000 ZEC

U.S. Nasdaq-listed Leap Therapeutics has declared a stockpile of Zcash (ZEC). Leap Therapeutics said on the 12th (local time) that it has adopted a Digital Asset Treasury (DAT) to accumulate Zcash. Leap Therapeutics also purchased approximately 203,7

U.S. Bitcoin ETF, cumulative inflows of $60.8 billion… trading volume nears $1.5 trillion

Cumulative net inflows into U.S. Bitcoin (BTC) spot exchange-traded funds (ETFs) have exceeded $60.8 billion (about 89.2 trillion won). On the 12th (local time), The Block reported that cumulative net inflows into spot Bitcoin ETFs were about $60.8 b

Coinbase Business enters Singapore… partners with SC

The U.S. cryptocurrency exchange Coinbase is launching its service 'Coinbase Business' in Singapore. Coinbase said on the 12th (local time) that it will launch Coinbase Business in Singapore. Coinbase Business is a dedicated platform for business-to-

[Market] Bitcoin exceeds $104,000…kimchi premium 2.21%

Bitcoin (BTC) price exceeded $104,000. On the 12th, according to cryptocurrency market-tracking site CoinMarketCap, Bitcoin was trading at $104,132.11 as of 5:55 p.m., down 0.89% from the previous day. Compared with a week ago, it is 2.39% higher. Th

"Salaries paid in stablecoins"…Visa expands 'Direct' service

On the 12th (local time), according to Cointelegraph, Visa announced at the 'Web Summit' conference held in Portugal a pilot program that would allow companies to pay salaries with dollar-denominated stablecoins. Under the program, users of Visa's di

Cryptocurrency trading volume halved in a year…"Possible entry into a short-term bearish market"

Overall cryptocurrency trading volume has declined by nearly half over the past year. On the 12th (local time), cryptocurrency analytics firm Matrixport said daily cryptocurrency trading volume fell from 352 billion dollars to 178 billion dollars ove

"Whales recently deposited 20,000 Bitcoin to Binance... increasing selling pressure"

Whales (large investors) have recently deposited about 20,000 Bitcoin (BTC) to the global cryptocurrency exchange Binance. A Darkpost (Darkfost) CryptoQuant contributor said on the 12th through CryptoQuant, "Whales transferred more than 19,500 Bitcoi

Is a Chainlink ETF launch imminent?...Registered with U.S. DTCC

On the 12th (local time), according to Cointelegraph, U.S. asset manager Bitwise's Chainlink spot ETF was registered with the DTCC that day. The ticker is CLNK. Cointelegraph said, "(DTCC registration) does not guarantee the ETF's approval by the U.S

[Market] Bitcoin falls below $105,000…Kimchi premium 1.77%

Bitcoin (BTC) price fell below $105,000. According to the crypto market tracker CoinMarketCap on the 10th, Bitcoin was trading at $104,886.51 as of 11:54 p.m., up 1.57% from the previous day. Compared with a week ago, it was down 2.87%. The Kimchi pr

Coinbase to launch ICO platform… debuts with 'Monad'

U.S. cryptocurrency exchange Coinbase is launching a token offering (ICO) platform. The Wall Street Journal (WSJ) reported on the 10th (local time) that "Coinbase Global is launching a new platform that will allow individual investors to purchase cry

BitMine bought an additional 110,000 Ethereum last week… holdings surpass 3,500,000

BitMine, the world's largest Ethereum (ETH) reserve firm, was reported to have bought an additional 110,000 Ethereum last week. BitMine said on the 10th (local time), "Last week we bought 110,288 Ethereum." Tom Lee (Tom Lee), chairman of BitMine, sai

'Famous whale' James Wynn "It will go to $92,000"… 'Bitcoin short' all-in

James Wynn, known as a whale of the decentralized exchange (DEX) Hyperliquid (HYPE), has bet on a Bitcoin (BTC) short (sell) position. On the 10th (local time), James Wynn said via X, "I sold my entire cryptocurrency portfolio," and "Over the past fe

MicroStrategy buys additional 487 Bitcoins…$50 million scale

The world's largest Bitcoin (BTC) holding company MicroStrategy purchased an additional $50 million (about 73 billion won) worth of Bitcoin. MicroStrategy said on the 10th (local time) that "it purchased an additional 487 Bitcoins for about $49.9 mil

Bitcoin must break through 'this zone' to turn bullish…"A turning point has been reached"

An analysis said Bitcoin (BTC) prices are more likely to continue their uptrend if they break through two key zones. Crazzyblock (Crazzyblockk), a contributor to CryptoQuant, told CryptoQuant on the 10th, "Bitcoin has reached a major resistance zone

"Bitcoin drifts after rebound… next resistance is $108,500"

On-chain analytics firm Glassnode identified $108,500 as the next resistance level for Bitcoin (BTC) price. Glassnode said on the 10th (local time) via its official X (X) account, "After Bitcoin rebounded in the $100,000 range, it is currently tradin

UK central bank seeks to clarify stablecoin regulation…considers limits on holdings

The UK central bank is pushing to clarify stablecoin regulation. The UK's central bank, the Bank of England (BoE), said in a report on the 10th (local time) that "innovation in money and payments, including the growth of stablecoins, is accelerating,

Korbit refutes Bybit acquisition rumors, calling them "baseless"

Domestic cryptocurrency exchange Korbit distanced itself from the Bybit acquisition rumors. A Korbit official told BloomingBit on the 10th, "The Bybit acquisition rumors are baseless," and said, "(With Bybit) there has been no notification or consult

Japan to tighten regulation of cryptocurrency firms…seeks to mandate 'reporting system'

Japan is pushing a measure to require prior notification from cryptocurrency firms. On the 10th (local time), The Block reported that a working group under the Financial System Council considered on the 7th measures to strengthen regulation of crypto

[Market] Bitcoin Falls Below $106,000… Kimchi Premium 2.04%

Bitcoin (BTC) price fell below $106,000. According to cryptocurrency market tracking site CoinMarketCap, as of 5:47 p.m. on the 10th, Bitcoin is trading at $105,951.73, up 3.97% from the previous day. Compared with a week ago, it is down 1.08%. The k

'Token plunge' explanation from River… "Not selling pressure but a systemic attack"

The chain-abstraction stablecoin protocol River has moved to explain the recent token price plunge. On the 10th (local time), River said via its official X account, "The two attacks River recently experienced were not merely selling pressure from wha

"OG whale sell-off not profit-taking…possibility of portfolio diversification"

A recent analysis suggests that the sell-off by Bitcoin (BTC) OGs (early investors) may not be aimed at profit-taking. Martin Hiesboeck, head of research at cloud financial services firm Uphold, said on the 9th (local time) via X that "OGs selling bi

Hardware wallet maker Ledger considers U.S. listing…also seeks to expand New York office

Hardware wallet maker Ledger is reportedly considering pursuing an initial public offering (IPO) in the United States. Pascal Gauthier, Ledger's chief executive officer (CEO), told the Financial Times (FT) in an interview on the 9th (local time) that

Wemade publishes 'StableNet' source code… blockchain for Korean-won stablecoin

Wemade has released the source code of 'StableNet', a blockchain dedicated to Korean-won stablecoins. Wemade said on the 10th that it has made the testnet source code of StableNet public. StableNet is a layer-1 blockchain for Korean-won stablecoins t

[Analysis] "Bitcoin short-term volatility expands…may break resistance if liquidity is maintained"

Bitcoin (BTC) prices' short-term volatility is increasing, according to analysis. Observers say it could break the resistance if liquidity is maintained. Arab Chain (Arab Chain), a CryptoQuant contributor, said on the 10th through CryptoQuant, "The m

Coinbase "October liquidations formed the bottom… cycle not over"

The US cryptocurrency exchange Coinbase said Bitcoin (BTC) and other major cryptocurrencies' upward cycle has not ended. On the 9th, industry sources reported that Coinbase Institutional said in a recent report, "The cryptocurrency market found a sho

[Weekly Major Economic & Cryptocurrency Schedule] U.S. October Consumer Price Index, etc.

<Next week's key economic schedule> ▶︎10th (Mon): ▶︎11th (Tue): △U.S. World Agricultural Supply and Demand Estimates (WASDE) report (Korean time 2:00, U.S. time 12:00) △U.S. 3-year Treasury auction (Korean time 3:00, U.S. time 13:00) △Japan September

New York and Shanghai markets likely to fluctuate depending on U.S. government shutdown negotiations

This week, the New York stock market is expected to move depending on the outcome of the U.S. federal government shutdown (temporary work stoppage) negotiations. On the last trading day of last week (7th), New York markets recovered most of their los

Galaxy Digital "Bitcoin attention temporarily declines…momentum will recover"

An analysis suggested that Bitcoin (BTC) could regain upward momentum soon. On the 9th, Cointelegraph reported that Alex Thorn (Alex Thorn), head of research at Galaxy Digital, said in a recent interview with U.S. CNBC, "Earlier this year, optimism a

[Analysis] "Bitcoin enters correction phase…possible drop to $90,000"

Bitcoin (BTC) prices could fall further to $90,000, according to an analysis. A DarkPost CryptoQuant contributor said on X on the 8th (local time), "Bitcoin has entered a short-term correction phase," and "in such a correction it usually gives back a

U.S. Bitmain bought 740,000 Ethereum in a month… "There was no panic sell"

The world's largest Ethereum (ETH) reserve firm Bitmain has been reported to have purchased as many as 745,000 Ethereum in the past month. According to the Strategic Ethereum Reserve on the 9th, Bitmain added about 744,600 Ethereum from early last mo