Son Min

Gemini, despite 52% surge in revenue… stock reaches lowest level

The virtual asset (cryptocurrency) exchange Gemini recorded revenue that increased 52% quarter-on-quarter in its first quarterly results since listing, yet its stock plunged 11%, hitting a record low. On the 10th (local time), according to The Block,

U.S. Senate Republican Leader "Agreement Reached to End Shutdown Tonight"

It appears that the U.S. Republican and Democratic parties have reached an agreement to lift the federal government shutdown (temporary work stoppage). On the 11th (local time), according to Walter Bloomberg, John Thune, the U.S. Senate Republican le

U.S. IRS announces guidance on allowing staking for crypto ETFs and trusts

The U.S. government has announced new tax guidance that allows virtual assets (cryptocurrencies) exchange-traded products (ETPs) and trusts to receive rewards through staking. According to Cointelegraph on the 7th (local time), the U.S. Internal Reve

eToro's Q3 net profit jumps 48%…"Share buyback announced"

Social trading and investment platform eToro saw its stock surge after reporting strong Q3 results and announcing a $150 million share buyback program. On the 11th (local time), Cointelegraph reported that Nasdaq-listed eToro's assets under administr

[Today's Major Economic and Cryptocurrency Schedule] US 3-year Treasury auction, etc.

<Today's Major Economic Schedule> ▶︎11 (Tue): △US World Agricultural Supply and Demand Estimates (WASDE) report (Korea time 2:00, US time 12:00) △US 3-year Treasury auction (Korea time 3:00, US time 13:00) △Japan September adjusted current account ba

U.S. Commerce Agriculture Committee Announces Draft of Digital Asset Market-Structure Bill

The U.S. Senate Agriculture Committee announced a draft of the commodities section of the digital asset (cryptocurrency) market-structure bill (CLARITY). On the 11th (local time), Eleanor Terrett wrote on X (formerly Twitter), "The Commerce Agricultu

Zcash market cap surpasses $10.6 billion… leader among privacy coins

The virtual asset (cryptocurrency) market has entered an overall correction phase, while privacy tokens (Privacy Token) are showing a new upward trend. In particular, Zcash (ZEC) has taken the lead, with its market capitalization surpassing $10.6 bil

Kazakhstan pushes to establish a 'US$1 billion' virtual asset reserve fund by next year

The Kazakh government plans to create a national virtual asset reserve fund of up to US$1 billion using seized assets. On the 7th (local time), Bloomberg reported that the reserve fund aims to launch in early 2026, and the funds will be sourced from

Ripple says it will not pursue an IPO despite SEC lawsuit victory

Blockchain company Ripple, which won a long-running legal dispute with the U.S. Securities and Exchange Commission (SEC), said it will not pursue an initial public offering (IPO) for the time being. According to Cointelegraph on the 6th (local time),

"55% of traditional hedge funds hold cryptoassets"

The entry of traditional financial institutions into the crypto market is accelerating. According to a new survey, more than half of all hedge funds are already invested in cryptocurrencies, and many funds plan to increase their allocations going for

'Bybit hack' aftermath… SafeWallet undertakes full system redesign

Ethereum (ETH) smart account wallet platform SafeWallet said it has completely rebuilt its security system following the Bybit hack that occurred last February. The incident was the largest theft in cryptocurrency history, with about 1.5 billion doll

Ark Invest proceeds with additional purchases despite BitMine stock plunge

Ark Invest, led by Cathie Wood, purchased additional shares of BitMine (BMNR), an Ethereum strategy treasury company, amounting to $9 million despite a sharp decline in its stock price. On the 7th (local time), The Block reported that Ark Invest newl

Filecoin, surge of 60%% in 24 hours… 'breakthrough of 2 dollars' leads DePIN sector

The decentralized storage token Filecoin (FIL) broke through a major resistance level and surged 60% in a day. The DePIN (DePIN·decentralized physical infrastructure network) sector has shown clear strength and taken the lead amid a mixed cryptocurre

Iren, stock rises in pre-market trading on AI cloud growth outlook

Australia-based Bitcoin (BTC) mining company and transitioning AI infrastructure firm Iren(IREN) recorded record quarterly results and saw its stock rise in pre-market trading. On the 7th (local time), according to CoinDesk, Iren said that in the fis

JPMorgan "Robinhood Q3 results decent but volatility high"

JPMorgan said Robinhood (Robinhood)'s third-quarter results were overall decent, but weak revenue in the digital assets (cryptocurrency) segment and a one-off tax benefit were the main factors behind the strong results. On the 7th (local time), accor

Citi: "Bitcoin Weakness a Warning for Nasdaq... Rebound Possible"

Global investment bank Citi warned that Bitcoin's recent weakness could be a warning sign for the Nasdaq index. However, it said a year-end rebound is possible if liquidity conditions improve. On the 7th (local time), CoinDesk reported that Citi said

ASIC chair: "If we don't hurry our response to tokenization, we'll fall behind"

The Australian Securities and Investments Commission (ASIC) emphasized that it must hasten a response strategy to tokenization to secure the competitiveness of its domestic capital market in digital assets. On the 7th (local time), according to The B

Japan Financial Services Agency approves joint stablecoin issuance project

The Japan Financial Services Agency (FSA) said it will officially support an experiment to jointly issue a stablecoin involving three major megabanks: Mizuho Bank, MUFG, and SMBC. This is viewed as the first step for Japan to actively pursue blockcha

Seven companies including Solana launch consortium to standardize blockchain payments

Global major blockchain companies have formed a new body aiming to standardize payment transactions. On the 6th (local time), CoinDesk reported that seven organizations — Fireblocks, Solana Foundation, TON Foundation, Polygon Labs, Stellar Developmen

Ethereum investor sentiment rebounds… "Short-term correction possible"

Ethereum investors have shown optimistic attitudes following the recent price rebound. On the 6th (local time), CoinDesk reported that on-chain analytics firm Santiment analyzed that "as Ethereum briefly approached $3,500 the previous day, investors'

Block's weak Q3 results…stock plunged 12% in after-hours trading

Fintech company Block (Block Inc.), led by Jack Dorsey, fell short of market expectations in its third-quarter results, and its stock fell nearly 12% in after-hours trading. On the 6th (local time), according to Cointelegraph, Block recorded earnings

Bitcoin payment spread accelerates in the U.S. Midwest

Bitcoin use in the United States is spreading into everyday payments centered not only in financial hubs like New York and San Francisco, but also in central regions such as Oklahoma. On the 6th (local time), according to CoinDesk, a recent episode o

United Nations Development Programme to launch blockchain training program for national governments

The United Nations Development Programme (UNDP), a UN development agency, is launching a new training and advisory program to support national governments in adopting blockchain technology. According to CoinDesk on the 5th (local time), UNDP plans to

Wintermute "Virtual asset market enters 'recycled liquidity' phase"

Global cryptocurrency market maker Wintermute diagnosed that the growth engine of the virtual asset (cryptocurrency) market has slowed, and analyzed that the market is currently being sustained not by external funds but by 'recycled liquidity'. On th

Coinbase agrees to pay a fine to the Central Bank of Ireland… acknowledges transaction monitoring error

Coinbase's European unit, Coinbase Europe (Coinbase Europe Limited), agreed to pay the Central Bank of Ireland a fine of €21.5 million (about $24.7 million) due to an error in its transaction monitoring system. On the 6th (local time), according to C

'Genius Act' 2nd comment solicitation closes… Financial sector and crypto industry clash

The U.S. Department of the Treasury is receiving conflicting interpretations and recommendations from the cryptocurrency industry and traditional financial sector ahead of the implementation of the corporate 'Genius Act (GENIUS Act)' related to stabl

Spanish institute seeks to sell 97 bitcoins purchased in 2012

A Spanish public research institute is expected to realize roughly $10 million (about 13.7 billion won) in proceeds by selling 97 bitcoins it purchased for $10,000 in 2012 for blockchain research. According to CoinDesk on the 6th (local time), the In

Strategy preferred shares reach par value…"Green light for additional fundraising"

Strategy's perpetual preferred stock 'STRC' reaching par value has led to claims that Chairman Michael Saylor's Bitcoin (BTC) purchasing strategy has entered a new stage. On the 6th (local time), according to CoinDesk, STRC's intraday price hit an al

Franklin Templeton launches dollar-denominated tokenized money market fund in Hong Kong

U.S. asset manager Franklin Templeton (Franklin Templeton) has unveiled a blockchain-based dollar money market fund for institutional investors in Hong Kong. It is part of a strategy to expand tokenized finance in the Asian market. On the 6th (local

Mastercard, Ripple, Gemini pursue XRP Ledger-based payment collaboration

Global payments company Mastercard (Mastercard) is partnering with Ripple (Ripple) and Gemini (Gemini) to utilize Ripple's blockchain network, the XRP Ledger (XRPL), and conduct a payment settlement experiment using the stablecoin 'RLUSD'. According