JOON HYOUNG LEE

Changpeng Zhao: "Cryptocurrency exchanges must implement a 'will function'"

Changpeng Zhao (CZ), founder of Binance (pictured), stated on the 19th (local time) that "cryptocurrency exchanges should introduce a 'will function'." Changpeng Zhao announced on X that "all (crypto) platforms should have a will function" because "h

The government is pushing to introduce a 'Bitcoin ETF' in the second half of the year... Regulatory framework for stablecoins also being prepared

The government is preparing plans to introduce spot exchange-traded funds (ETFs) for virtual assets such as Bitcoin (BTC) in the second half of the year. The government also plans to complete the stablecoin regulatory framework within the year. Accor

"Nobitex hacking funds effectively burned… Amounting to $90 million"

It has been revealed that funds amounting to $90 million (about ₩120 billion) stolen from Iran’s largest cryptocurrency exchange, Nobitex, in a hacking attack have been effectively burned. Blockchain analytics firm Chainalysis, through its official X

Ruling Party Raises Stablecoin Issuance Threshold to ₩1 Billion… Allows Bank of Korea's Intervention Rights

"Digital Asset Innovation and Growth Act" Released Stablecoin Issuance Requirements Specified Capital Requirement Raised from ₩500 Million to ₩1 Billion, Doubled ICO Authorization Rights Granted to Statutory Associations The Democratic Party of Korea

Democratic Party: "We will swiftly promote the 'Coin Basic Act'... Will systematize the ecosystem"

The Democratic Party of Korea has announced its intention to expedite the enactment of the 'Digital Asset Basic Act'. Representative Kang Jun-hyun of the Democratic Party stated at the 'Digital Asset Innovation Bill Public Briefing' held at the Natio

Democratic Party: "Government Deciding on 'Coin Delisting'?... Baseless Claim"

The Democratic Party of Korea has directly refuted the interpretation that the government could intervene in decisions regarding the delisting of virtual assets from domestic exchanges. An official from Min Byung-deok's office stated to BloomingBit o

US Accelerates 'Cryptocurrency Market Structure Act' Legislation..."Genius-Level Impact Coming"

Clarification of Crypto Regulations... Spotlight on Clarity Act Will It Surpass the Genius Act?... Attention on Impact 'Crypto = Commodity'... Clear Legal Status Senate Hurdle Remains... Legislative Speed a Variable As the United States speeds up the

Min Byung-deok: "DAXA raises concerns of conflicts of interest… Market surveillance should be conducted by a separate association"

Min Byung-deok, a Democratic Party of Korea lawmaker who proposed the Digital Asset Basic Act, said on the 10th that there are "concerns of conflicts of interest" regarding the 'Digital Asset Exchange Joint Consultative Body (DAXA, DAXA),' which is a

Cardano launches Bitcoin DeFi protocol 'Cardinal'

Cardano (ADA) has launched the Bitcoin (BTC) DeFi protocol 'Cardinal'. Charles Hoskinson, founder of Cardano, announced on the 10th (local time) via X that he is launching a Bitcoin DeFi protocol developed for Cardano. The protocol, named 'Cardinal',

Ripple invests $5 million in APAC blockchain education… "Fostering next-generation talent"

Ripple, the issuer of XRP, will newly invest $5 million (about ₩7 billion) in blockchain education in the Asia-Pacific (APAC) region. On the 10th (local time), Ripple announced on its official website, "Through the University Blockchain Research Init

[Today's Global Trending Coins] Ethereum, Bitcoin, Irisnet and More

According to Kaito, an AI-powered web3 search platform, and its Token Mindshare (an index that quantifies a specific token’s influence within the virtual asset market), as of the 10th, the top 5 most trending keywords related to virtual assets are Et

US Ethereum ETF sees $52.47 million net inflow the previous day...16 consecutive trading days

The United States Ethereum (ETH) spot Exchange Traded Fund (ETF) recorded a net capital inflow for 16 consecutive trading days. According to TraderT on the 10th (local time), the US Ethereum spot ETF saw a net inflow of $52.47 million (approximately

[Breaking News] Xi Jinping: "Korea and China must respect each other's core interests and major concerns" [China Central Television]

US Bitcoin ETF sees $384 million net inflow the previous day...turns positive after 3 sessions

The United States Bitcoin (BTC) spot Exchange Traded Fund (ETF) returned to net inflow after three trading sessions. According to Trader T on the 10th (local time), on the previous day (the 9th), $385.47 million (approximately ₩520 billion) was net-i

[Today's Major Economic & Cryptocurrency Schedule] US Atlanta Fed GDPNow and more

<Today's Major Economic Schedule> ▶︎10th (Tue): △US May Consumer Inflation Estimate (00:00 KST, 11:00 US time) △US Atlanta Fed Q2 GDPNow (02:00 KST, 13:00 US time) △Korea April Current Account (08:00 KST, 19:00 US time) <Today's Major Cryptocurrency

[Market] Bitcoin falls below $110,000…Kimchi Premium at 0.61%

The price of Bitcoin (BTC) is trading below $110,000. According to CoinMarketCap, a digital asset market monitoring site, the price of Bitcoin was about $109,762.94 as of 10:52 AM KST. This marks a rise of approximately 3.9% from the previous day. Ea

The Democratic Party proposes the 'Digital Asset Basic Act'..."Addressing regulatory gaps"

The Democratic Party of Korea is accelerating the process of enacting the 'Digital Asset Basic Act.' On the 10th, Min Byung-deok, a party member, announced he had introduced the Digital Asset Basic Act as the lead sponsor. This Act provides comprehen

[Analysis] "Buying pressure from the United States rising…Classic bull market pattern"

There is analysis suggesting that the buying pressure from United States investors is indicating an upward cycle for Bitcoin (BTC). Crypto Dan, a contributor at CryptoQuant, stated on the 10th through CryptoQuant, "The current market has continued it

U.S. Prosecutors Indict Russian Cryptocurrency CEO: "Embezzled $500 Million via Tether"

U.S. authorities have indicted the CEO of a Russian cryptocurrency company on charges of embezzlement. According to CNBC on the 9th (local time), U.S. federal prosecutors have arrested and charged the Russian national, Yuri Gugin. Gugin, the CEO of a

Bloomberg: "Possibility Rises for Stablecoin Law to Pass Within Days"

There is speculation that the Stablecoin Act (GENIUS Act) is highly likely to pass the U.S. Senate this week. Bloomberg reported on the 9th (local time), "(The Stablecoin Act) gained support last month from U.S. Democratic senators such as Mark Warne

With Bitcoin’s rise... $110 million short positions liquidated in one hour

Amid Bitcoin (BTC) price increases, over $100 million worth of short (sell) positions were liquidated in the past hour. CoinDesk, citing CoinGlass data on the 9th (local time), reported, "Over $110 million of short positions were liquidated in just o

[Breaking News] US Armed Forces formalize deployment of Marines to LA… "To protect federal personnel and property"

"Ethereum sideways movement nearing an end…possibility of rising to $3,600"

There is a view that the price of Ethereum (ETH) could soon rise to $3,600. Cointelegraph reported on the 9th, citing Coinglass data, that "the size of open interest (OI) in Ethereum futures increased by 40% from $26 billion to $36 billion over the p

Bitcoin breaks through $110,000 again…Kimchi Premium at 0.7%

The price of Bitcoin (BTC) has once again surpassed $110,000. According to cryptocurrency market data website CoinMarketCap on the 10th, Bitcoin’s price exceeded $110,000 at around 6:29 AM KST. This is the first time in about two weeks since last mon

Bitcoin Hovers at $100,000... US Trade Negotiations Are Key

Cryptocurrency A to Z Trump Tariffs and Other Impacts If the Negotiations Conclude by the 4th of Next Month Bitcoin Headwinds May Ease Possibility of Fed Rate Cuts "Bullish in H2" Forecasts Emerge Last month, the price of Bitcoin surpassed $110,000 f

Argentine authorities clear President Javier Milei... 'Libra scandal' closed

President Javier Milei of Argentina has been cleared of charges in the 'Libra scandal' investigation. On the 7th (local time), according to The Block, the Anti-Corruption Office of Argentina (OA) announced that same day it had concluded President Mil

[Major Economic and Cryptocurrency Events This Week] U.S. May Consumer Price Index and More

<Major Economic Events Next Week> ▶︎June 9 (Mon): △Japan Q1 GDP (KST 8:50, U.S. 19:50) △China May Consumer Price Index (KST 10:30, U.S. 21:30) △China May Trade Balance (KST 12:00, U.S. 23:00) ▶︎June 10 (Tue): △U.S. May Consumer Inflation Expectation

Binance Alpha, OpenRoot Added…Airdrop & Trading Competition Announced

The global virtual asset exchange Binance is adding OpenRoot (OL) to Binance Alpha. On the 8th, Binance announced on its official website, "Binance Alpha will list OpenRoot" and added, "Users who hold more than 233 Binance Alpha Points will be able t

Big Player James Wynn Directly Criticizes Hyperliquid…"Step Up Before You Lose in Competition"

James Wynn, a cryptocurrency whale (large investor), directly criticized the decentralized exchange (DEX) Hyperliquid (HYPE). On the 8th, James Wynn stated on X, "If Changpeng Zhao (CZ), the founder of Binance, launches a derivatives decentralized ex

Reserve Bank of India: "No change in cryptocurrency stance…concerns about potential risks"

The Reserve Bank of India (RBI) announced that it is "concerned about the potential risks that cryptocurrencies may pose to financial stability and monetary policy." According to local media such as The Times of India on the 7th (local time), Sanjay