Uk Jin

Binance Founder Zhao Says Crypto Pullback Fits Normal Four-Year Cycle

Binance founder Changpeng Zhao said the recent slump in the cryptocurrency market remains within a predictable range. Speaking on Galaxy’s YouTube channel on June 20, Zhao said the current market correction falls within the bounds of a normal four-ye

Aave Says Stock, Bond Financing Markets Can Move On-Chain

Aave said it plans to bring a broader swath of financial markets onto blockchain infrastructure. On June 20, Aave founder Stani Kulechov wrote on X, formerly known as Twitter, that securities-backed lending, repurchase agreements and securities lendi

Bitcoin Tops $63,000

Ethereum May Need New Funding Within 3 to 9 Months as Core Development Faces Cash Crunch

Ethereum could face a funding shortfall in the coming months, raising the risk that core development slows or stalls. Cointelegraph reported on June 19 that former Ethereum Foundation member Trenton Van Epps wrote in a recent blog post that Ethereum

Trump Says Iran Has Effectively Lost Most of Its Military, Calls Tehran the Desperate Side

As talks between Iran and the US drag on, President Donald Trump intensified his criticism of Tehran. Trump wrote on Truth Social on June 19 that Iran had effectively lost most of its military capability in the war, including its air force, navy, air

Binance Operating in Philippines Through Sandbox, BSP Says It Lacks Formal License

Binance, the world’s largest cryptocurrency exchange, is providing trading services to users in the Philippines through the Philippine Securities and Exchange Commission’s regulatory sandbox program after facing sanctions there in 2024, Cointelegraph

$2.13 Billion in Bitcoin, Ether Options to Expire on June 19

Bitcoin and Ether options worth about $2.13 billion are set to expire on June 19. Odaily reported that 31,000 Bitcoin options contracts expiring that day have a notional value of about $1.9 billion. The put-call ratio is 0.78, and the max pain price

Oman Launches State Bitcoin Mining Pool Omanhash

Oman has launched a national Bitcoin mining pool. Wu Blockchain reported on June 19 that Oman’s Ministry of Transport, Communications and Information Technology launched Omanhash, a state-backed Bitcoin mining pool, with Frontier Technologies. Licens

Ethereum Liquidity on Binance Rises to Three-Month High, CryptoQuant Says

Ethereum market liquidity has recovered to its highest level in three months, according to a CryptoQuant report. Arab Chain, a CryptoQuant contributor, wrote on June 19 that Ethereum's Liquidity Index on Binance recently climbed to about 1.15, the hi

Analysis: XRP Volatility Climbs to Highest Level in Three Months

XRP market volatility has climbed to its highest level in three months. CryptoQuant contributor Arab Chain wrote in a June 19 report that Binance's 30-day realized volatility for XRP recently rose to about 0.53, the highest level in more than three m

CryptoQuant CEO Says Bitcoin’s Biggest Risk Is Prolonged Stagnation, Not a Crash

CryptoQuant Chief Executive Officer Ki Young Ju said Bitcoin’s biggest risk is not a sharp drop but a long stretch of sideways trading, arguing that a prolonged downturn could sap investment demand. In a post on X on June 19, Ju wrote that Bitcoin’s

South Korea Weighs Allowing Fintech Firms Into Cross-Border Crypto Transfer Business

South Korean financial authorities are considering allowing fintech companies to participate in a new cross-border virtual-asset transfer business that is set to take effect in December. The move could broaden the market for blockchain-based overseas

Bloomberg’s Balchunas Says Bitcoin Isn’t Tulip Mania, Calls It an Asset Class

As Bitcoin’s slump drags on and bearish commentary mounts, Bloomberg ETF analyst Eric Balchunas said comparisons between the cryptocurrency and the tulip bubble are misplaced. On June 19, Balchunas wrote on X that criticizing Bitcoin is fair, but lik

Remit, Sui Launch Infrastructure for Bank-Issued Regulated Stablecoins

Remit Technology said June 19 that it has launched what it described as the first Sui-based infrastructure for bank-issued regulated stablecoins. The platform is based on EUB and USB stablecoins that comply with the European Union's Markets in Crypto

Swiss Foreign Ministry Says US-Iran MOU Implementation Talks Postponed

Talks on implementing a memorandum of understanding, or MOU, between the US and Iran have been postponed. Switzerland's Federal Department of Foreign Affairs said on its official website on June 19 that negotiations on implementing the US-Iran MOU, w

AllUnity Launches Swedish Krona Stablecoin SEKAU

A stablecoin pegged to the Swedish krona has launched. Digital-asset firm AllUnity has launched SEKAU, a stablecoin tied to the Swedish krona, Cointelegraph reported on June 19. The token was issued as an electronic money token, or EMT, backed one-to

Strive CEO Says STRC, SATA Slump Was Driven by Forced Liquidations, Not Credit Deterioration

Strategy’s STRC and Strive’s SATA swung sharply lower intraday overnight, but the drop was a temporary shock caused by leveraged liquidations rather than deteriorating credit quality, according to Wu Blockchain. STRC and SATA are preferred stock-styl

Kalshi Weighs IPO, Begins Early Talks With Investment Banks

Kalshi is weighing a potential initial public offering, according to a media report. The Block reported on June 19, citing The Information, that the prediction market operator has begun early discussions with investment banks about an IPO. Kalshi has

Nexxus to Buy One Store for $45.3 Million, Expand It Into Global Web3 Gaming Hub

Nexxus, the operator of blockchain-based Web3 gaming platform CROSS Protocol, said on June 18 that it will acquire app marketplace One Store. The company's board approved the purchase of 20,247,990 One Store shares, representing an 89.03% stake, for

BlackRock Debuts Bitcoin Income ETF BITA as Crypto Range Trade Drags On

BlackRock launches BITA to offer income from option premiums Product may draw institutions and income-focused investors Views split on whether it will support Bitcoin Wall Street increasingly treats Bitcoin as a more mature asset BlackRock, the world

Artcube 2R2 to Hold Sumi Jo 40th-Anniversary Exhibition 'Continuum' in July

Artcube 2R2 said June 17 that it will hold a special exhibition, "Beauty, Sumi Jo's 40 Years, Song of the Four Seasons CONTINUUM," in July to mark the 40th anniversary of soprano Sumi Jo's debut. The exhibition will present Jo's artistic career over

BOJ Raises Policy Rate to 1% From 0.75%, Highest Since 1995

The Bank of Japan said on June 16 that it would raise its benchmark interest rate by 0.25 percentage point to 1% from 0.75%. The decision was made at the central bank's monetary policy meeting. The BOJ also decided to lift its short-term policy rate,

Trump Says Iran Deal to Be Signed June 14, Strait of Hormuz to Open Immediately

President Donald Trump said a new nuclear deal with Iran could be signed as early as June 14. In a Truth Social post on June 13, Trump wrote that "the deal is scheduled to be signed tomorrow." He added that Iran would not have nuclear weapons and tha

Crypto Must Learn From Centralized Financial Infrastructure, LMAX CEO Says

The cryptocurrency industry must do more than champion decentralization if it is to reach its next phase of growth, and should more fully adopt the centralized infrastructure used in traditional financial markets, CoinDesk reported on June 13, citing

Saylor Says Strategy Must Be Able to Sell Bitcoin to Sustain Business Model

Strategy, the world’s largest corporate holder of Bitcoin, said it must be able to sell the cryptocurrency when needed to sustain its business model. Michael Saylor, the company’s executive chairman, made the remarks in an interview with Cointelegrap

Bitcoin Rises Above $64,000

Morpho Raises $175 Million in One of Crypto Industry’s Largest Funding Rounds

Crypto lending protocol Morpho has raised $175 million in a funding round, one of the largest in the industry. Morpho announced on June 13 on its website that the round was co-led by Paradigm, a16z crypto and Ribbit Capital. Apollo Funds, Circle Vent

Ripple Rolls Out XRPL AI Starter Kit to Target AI Agent Payments

Ripple is moving to tap the automated payments market for artificial intelligence agents. Ripple recently launched the XRPL AI Starter Kit, CoinDesk reported on June 13. The tool is designed to help developers build AI agents on the XRP Ledger and su

Bitdeer Mines 194.4 Bitcoin This Week, Sells Entire Haul

Bitdeer Technologies Group said it mined 194.4 Bitcoin this week. In a post on X on June 13, the Bitcoin mining company said it later sold all of the mined Bitcoin, keeping its Bitcoin holdings at zero.

Pakistan's Sharif Says US-Iran Peace Deal May Be Reached Within 24 Hours

Pakistani Prime Minister Shehbaz Sharif said the US and Iran could reach an agreement within 24 hours. In a post on X, formerly known as Twitter, on June 13, Sharif wrote that a peace accord was closer than ever and that the odds were high for a fina