Son Min

U.S. government shutdown could affect handling of virtual asset bill

As the U.S. government shutdown prolongs, there are concerns that the schedule for processing the virtual asset (cryptocurrency) market-structure bill under discussion in the Senate could be delayed. However, experts say the situation is not likely t

Altcoin ETFs including Litecoin and Hedera near approval… U.S. government shutdown a variable

Major altcoin exchange-traded funds (ETFs) such as Litecoin (LTC) and Hedera (HBAR) are expected to be nearing approval by the U.S. Securities and Exchange Commission (SEC). However, the ongoing U.S. government shutdown could delay the approval sched

Official Trump issuer pushes to raise $200 million to establish a crypto treasury

Fight Fight Fight, the issuer of the Donald Trump memecoin, has begun raising at least $200 million to establish a digital asset strategic reserve. The fundraising could expand to as much as $1 billion depending on circumstances, and the memecoin cou

Ethereum shows 'synchronization' with U.S. small-cap stocks... Breakout potential rises ahead of rate cuts

Ethereum (ETH) has shown a high correlation with the U.S. small-cap stock index, and analysts say the Fed's potential further rate cuts could lead to simultaneous gains for both assets. On the 8th (local time), Cointelegraph reported that a Milk Road

24-hour futures liquidation amount nears 666,930,000 dollars

Over the past 24 hours, the size of position liquidations in the cryptocurrency (crypto) perpetual futures market amounted to 666,930,000 dollars. On the 8th (local time), according to CoinGlass data, a total of 666,930,000 dollars worth of futures p

CleanCore Solutions stockpiles 710 million Dogecoin

Crypto asset (cryptocurrency) accumulation company CleanCore Solutions has increased its Dogecoin (DOGE) holdings to 710 million. On the 7th (local time), according to CoinDesk, CleanCore Solutions said in a filing that its Dogecoin holdings had reac

BNY Mellon Reviewing Tokenized Deposits for Blockchain Payments

The Bank of New York Mellon, the world's largest custodian bank, is reportedly considering tokenized deposits to support blockchain-based payments. This is part of a digital finance modernization strategy aimed at transitioning to next-generation pay

CEA Industries reaches stockpile of 480,000 Binance Coins

U.S.-listed CEA Industries was reported to hold 480,000 Binance Coin (BNB). On the 7th (local time), The Block reported that CEA said in a press release it holds 480,000 BNB. It added, "The average purchase price of the BNB currently held is $860, th

Bitcoin falls below $123,000

Bitcoin(BTC) fell below $123,000. As of 11:11 PM on the 7th (local time), based on the Binance USDT market, Bitcoin is trading at $122,806, down 1.96% from 24 hours earlier.

S&P Global launches first hybrid index combining digital assets and related stocks

S&P Global is unveiling its first hybrid index that spans traditional finance and the digital asset (cryptocurrency) market. This index combines 15 digital assets and 35 related listed stocks, and is expected to broaden global investors' exposure to

Meanwhile raises 82 million dollars in new funding…expands Bitcoin insurance products

Bitcoin (BTC)-based life insurer Meanwhile has raised 82 million dollars in new funding to expand its global business. The investment is seen as a sign of the Bitcoin insurance market's potential to spread into the mainstream. On the 7th (local time)

Dubai sanctions 19 unlicensed virtual asset firms, imposes up to $160,000 in fines

The Virtual Assets Regulatory Authority (Virtual Assets Regulatory Authority) in Dubai has sanctioned 19 virtual asset (cryptocurrency) related firms for operating without a license or violating advertising rules. On the 7th (local time), Cointelegra

Intercontinental Exchange pursuing $2 billion investment in Polymarket

It was reported that Intercontinental Exchange, the parent company of the New York Stock Exchange (NYSE), is in final negotiations to invest up to $2 billion in prediction market platform Polymarket. According to the Wall Street Journal (WSJ) on the

Virtual asset policy efforts also 'all stop' amid U.S. shutdown

Analysts say that policy development related to virtual assets (cryptocurrencies) has effectively halted as the U.S. federal government's shutdown has suspended operations at major agencies, including the Securities and Exchange Commission (SEC). On

Polymarket introduces Bitcoin deposit feature…"Expansion accelerates"

Prediction market platform Polymarket has newly introduced a Bitcoin (BTC) deposit feature, greatly expanding users' funding options. Coinciding with Bitcoin reaching an all-time high, this is interpreted as a strategy for Polymarket to lower the ent

India to actively promote CBDC…maintains high tax rates on virtual assets

India's government said it will further accelerate the introduction of a central bank digital currency (CBDC). At the same time, it reaffirmed an unfriendly stance toward private virtual assets (cryptocurrencies) and said it will maintain a high-taxa

Ethereum held by companies and ETFs accounts for 10% of total supply

Institutions' and companies' Ethereum (ETH) holdings have exceeded 10% of the total supply. This is regarded as an indicator that the institutionalization of the Ethereum market is progressing rapidly. On the 7th (local time), The Block reported that

U.S.-listed SharpLink's unrealized Ethereum gains exceed $900 million

U.S. Nasdaq-listed SharpLink Gaming's unrealized Ethereum gains have surpassed $900 million. On the 7th (local time), SharpLink said on its official X (formerly Twitter) account, "Over the past four months, we doubled our Ethereum holdings and increa

Morgan Stanley recommends 4% virtual asset allocation in portfolios

The U.S. investment bank Morgan Stanley recommended limiting the share of virtual assets (cryptocurrencies) in clients' asset portfolios to a maximum of 4%. This is similar to the cryptocurrency investment guidelines proposed by major Wall Street ass

VanEck "Bitcoin's fair value relative to gold at around 640,000 dollars"

As gold prices surpassed 4,000 dollars per ounce to record an all-time high, an analysis found that Bitcoin (BTC)'s 'equivalent value' to gold amounts to about 644,000 dollars. On the 7th (local time), according to Cointelegraph, Matthew Sigel, head

Pantera Capital "It's not too late to invest in crypto assets"

Bitcoin (BTC) prices have continued to surge, reaching record highs, but there are claims that market entry is still not too late. Cosmo Jiang, managing partner at Pantera Capital, said. According to Cointelegraph on the 7th (local time), Cosmo Jiang

Virtual asset Fear & Greed Index records 70 points… 'Greed' phase continues

The Fear & Greed Index for virtual assets (cryptocurrencies) fell by 1 point from the previous day, showing a reduction in investor sentiment. The Fear & Greed Index is an indicator of market sentiment, where values closer to 0 indicate extreme fear

24-hour futures liquidations near $352,260,000

Over the past 24 hours, the scale of position liquidations in the crypto assets (cryptocurrencies) perpetual futures market was recorded at $352,260,000. According to CoinGlass data on the 7th (local time), a total of $352,260,000 worth of futures po

Bitcoin falls below $124,000

Bee Maps secures US$32 million in new investment

Decentralized mapping project Bee Maps said on the 7th that it has secured US$32 million (about KRW 44.2 billion) in new investment. The funds will be used to expand its global contributor network and to upgrade its AI (artificial intelligence)-based

Samson Mow "Ethereum rally is being supported by Korean retail investors"

Samson Mow, CEO of Bitcoin technology company Jan3, claimed that the recent price rise of Ethereum (ETH) is being driven by buying pressure from Korean individual investors. On the 6th (local time), Samson Mow wrote on X (formerly Twitter), "The only

Bitcoin exceeds $125,000

Bitcoin has exceeded $125,000 As of 10:59 PM on the 6th (local time), on Binance's USDT market, Bitcoin is trading at $125,046, up 1.55% from 24 hours earlier.

BitMine buys an additional $800 million worth of Ethereum… holdings surpass 2.83 million

Ethereum (ETH) holder BitMine Immersion Technologies said it recently purchased an additional approximately $821 million worth of Ethereum over the past week. As a result, the company's Ethereum holdings increased to a total of 2.83 million, and its

Strategy records $3.9 billion in Bitcoin valuation gains in Q3

Bitcoin (BTC)-holding company Strategy said it recorded $3.9 billion in Bitcoin valuation gains during the third quarter. On the 6th (local time), according to CoinDesk, Strategy explained in a filing that the valuation gains on its Bitcoin holdings

Standard Chartered "Stablecoin proliferation could lead to up to US$1 trillion outflows from emerging-market banks"

Standard Chartered warned that the spread of stablecoins over the next 3 years could lead to up to US$1 trillion of funds flowing out of emerging-market banks. The report analyzed that dollar-pegged digital assets are positioning themselves as a 'saf