Uk Jin

U.S. Senator Proposes Tax Exemption for Small-scale Virtual Asset Transactions

A bill that fully exempts small-scale virtual asset (cryptocurrency) transactions from taxes is expected to be introduced in the United States. According to the cryptocurrency-focused media outlet CoinDesk on the 30th (local time), Senator Cynthia Lu

Virtual Asset Fear & Greed Index Records 64 Points… Down 2 Points from Previous Day

According to Alternative, a virtual asset (cryptocurrency) data provider, on the 1st (KST), the Fear & Greed Index for virtual assets recorded 64 points, down 2 points from the previous day. As of 9 a.m. today, Bitcoin (BTC) is trading at $107,155 on

[Analysis] "Bitcoin's key support level is $105,730"

Bitcoin (BTC) is showing intraday weakness while an analysis suggests that the key support level will be $105,730. On the 1st (KST), cryptocurrency analyst Ali Martinez announced via X (formerly Twitter), "One of the most important support levels for

"Better than coins"...Bitmain skyrockets up to 700% intraday on Ethereum reserves announcement

Bitcoin (BTC) mining company Bitmain Immersion Technologies (hereafter Bitmain) surged sharply. On the 30th (local time), Bitmain closed at $33.90 on the New York Stock Exchange (NYSE), soaring 694.84% from the previous day. In after-hours trading, i

[Analysis] "Bitcoin, continued sell-off by long-term holders...Is a change of hands appearing?"

It has been observed that long-term holders (LTH) who have held Bitcoin (BTC) for more than 6 months have started selling. On the 1st (Korean time), CryptoQuant contributor Yeon Se Dent reported that "since May, while Bitcoin has been fluctuating bet

[Today's Major Economic & Crypto Schedules] Fed Chair Jerome Powell's Speech and More

<Today's Major Economic Schedules> ▶︎ July 1 (Tue): △June S&P Global Manufacturing Purchasing Managers' Index (PMI) Final (local time 09:45, Korea time 22:45) △June Institute for Supply Management (ISM) Manufacturing PMI (local time 10:00, Korea time

Shinhan Card Files for Stablecoin Trademarks for the First Time in the Credit Card Industry

Shinhan Card has filed for trademarks related to stablecoins (virtual assets pegged to fiat currency). According to the industry on the 1st, Shinhan Card filed eight trademark applications related to stablecoins, including 'SHCw', 'SKRW', 'KRWSH', 'S

[Analysis] "Binance Captures 87% of Bitcoin Futures Trading Volume"

Binance, the world's largest virtual asset (cryptocurrency) exchange, has been found to virtually dominate the global futures market. On the 1st (Korean time), CryptoQuant contributor Matteo stated in a report, "Binance commands 87% of global market

Ethereum's futures trading volume rivals Bitcoin... "Optimism rises"

Recently, interest in Ethereum (ETH), the leading altcoin in the market, is surging. Ethereum has recorded futures trading volumes comparable to those of Bitcoin (BTC). According to The Block, a specialist crypto media outlet, as of the 1st (KST), th

Hashflow Soars 127% Intraday

The cryptocurrency Hashflow (HFT) is experiencing a sharp surge during intraday trading. As of 7:18 AM (Korean time) on the 1st, Hashflow is trading at ₩218 on the domestic cryptocurrency exchange Coinone, up 127.08% from the previous day.

Decentralized Lending Protocol Maple Adopts weETH as Collateral

The decentralized lending protocol Maple (MPL) has adopted weETH as a new collateral asset. weETH is a restaked asset from EtherFi. On the 1st (KST), according to cryptocurrency-specialized media The Block, Maple announced in a statement, "weETH has

Germany's largest banking group Sparkassen considers entry into the crypto-asset market… App-based Bitcoin trading under review

Sparkassen, the largest banking group in Germany, is entering the crypto-asset (cryptocurrency) market. According to CryptoPolitan, a specialized digital asset media outlet, Sparkassen plans to launch crypto-asset services, including trading support,

Ethereum Gains Intraday Strength Boosted by Institutional Demand and Robinhood-Related News

The leading altcoin Ethereum (ETH) is showing intraday strength. This is analyzed to be driven by sustained inflows of institutional funds and the news of fintech giant Robinhood developing its own Layer 2 blockchain, which have strengthened investor

"SEC Withdrawal of Appeal Probability Virtually 100%"…XRP Surges 4% Intraday

On this day, opinions emerged that the Securities and Exchange Commission (SEC) needs to withdraw its appeal for Ripple's case to be completely resolved. On the 28th, Marc Pagel, a former SEC chief attorney, stated on X (formerly Twitter), "For the R

Specter Games Raises $5 Million Investment From a16z and Others

The Web3 gaming platform Specter Games has successfully secured investment. According to Business Wire on the 28th (KST), Specter Games raised $5 million through a pre-seed investment round on this day and launched its first game, Specter Agency. A t

Firedancer Accounts for 8.6% Staking Share within Solana

Solana (SOL)'s core client Firedancer has been shown to account for about 10% of the network's staking share. According to Wu Blockchain on the 28th (KST), Firedancer held 33,780,000 in staking, accounting for 8.61% of the entire network's staking. M

Bolivia sees a surge in virtual asset payments… $430 million traded over the past year

There is growing attention on whether Bolivia, a South American country, can emerge as a rising power in virtual assets (cryptocurrencies). According to CryptoSlate on the 28th (Korean time), the Central Bank of Bolivia announced in a report that vir

[Today's Global Trending Coins] MemeX, Kaito, Sonic, and More

According to the Token Mindshare Top Gainers of the AI-based Web3 search platform Kaito (a metric that quantifies the influence of specific tokens in the virtual asset market), as of the 28th, the top 5 most-watched virtual assets are MemeX (MEMEX),

a16z transfers 300,000 Compound tokens to Coinbase Prime

According to on-chain analyst AmberCN on the 28th (KST), a16z transferred 300,000 Compound (COMP) tokens to Coinbase Prime in the past 40 minutes. The value at the time, based on the prevailing price, was approximately $13,750,000. a16z is a major in

Ethereum Spot ETF Turns to Net Inflows in Just One Day…Totaling $77.5 Million

The Ethereum (ETH) spot Exchange-Traded Fund (ETF) has successfully transitioned to net inflows. According to Farside Investors on the 27th (local time), the Ethereum spot ETF saw a total net inflow of $77.5 million that day. BlackRock ETHA and Fidel

Ric Edelman: "40% of Your Portfolio Should Be Allocated to Virtual Assets"

Global investment advisor Ric Edelman has argued that 40% of a portfolio should be allocated to virtual assets (cryptocurrencies). On the 27th (local time), Ric Edelman stated in an interview with CNBC, "The growth of the virtual asset market over th

Citi: "Virtual asset risk weight 1250%... Bank regulations need to be eased"

Although the distinction between virtual assets (cryptocurrencies) and traditional finance (TradFi) has recently become clearer, global banking regulations are still imposing high risk weights on virtual assets. As a result, it has been argued that f

Virtual Asset Hacking Reaches $2.1 Billion in the First Half of the Year... 70% Attributed to North Korea

Despite the cryptocurrency (virtual asset) market integrating into the mainstream, incidents such as hacking continue to occur frequently. On the 28th (KST), CoinQoo, analyzing TRM Labs' report, reported that hacking damages in the virtual asset mark

SharpLink Gaming makes additional purchase of 1,989 Ethereum

SharpLink Gaming, which has selected Ethereum (ETH) as a strategic reserve asset, has reportedly made an additional purchase of Ethereum. According to Lookonchain on the 27th (local time), SharpLink Gaming made an additional purchase of 1,989 Ethereu

US Bitcoin Spot ETF sees $497.57 million net inflow... 15 consecutive trading days

The Bitcoin (BTC) spot Exchange-Traded Funds (ETFs) continued their net inflow trend. On the 27th (local time), according to TraderT, Bitcoin spot ETFs saw a capital inflow of $497.57 million that day. Fidelity FBTC recorded the largest net inflow wi

"Removal of Ripple's Legal Risks... Positive Outlook for XRP Spot ETF"

On this day, Ripple withdrew its cross-appeal against the Securities and Exchange Commission (SEC). As a result, there are opinions that the possibility of a spot Exchange-Traded Fund (ETF) based on XRP, a cryptocurrency, has increased. On the 27th (

Coinbase rises 43% in June... "Uncertainties resolved"

Cryptocurrency exchange Coinbase recorded a 43% increase in stock price over the month of June. It is analyzed that investor sentiment has strengthened as some concerns regarding Coinbase have been alleviated. On the 27th (local time) on the New York

[Analysis] "Ondo Finance could fall to $0.29"

It has been analyzed that Ondo Finance (ONDO) may be entering a bearish phase. On the 28th (KST), cryptocurrency analyst Ali Martinez stated via X (formerly Twitter) that "Ondo Finance has broken out of its upward channel" and "could potentially fall

Why did BlackRock buy Bitcoin?…IBIT Becomes Company's Top ETF by Fee Revenue

It has been revealed that the fee revenue from the Bitcoin (BTC) spot Exchange Traded Fund (ETF) IBIT has surpassed all of BlackRock's ETF products. On the 27th (local time), Nate Geraci, president of The ETF Store, announced on X (formerly Twitter),

Crypto Fear & Greed Index Stands at 65 Points... Greed Phase Continues

According to Alternative, a cryptocurrency data provider, on the 28th (KST), the Crypto Fear & Greed Index recorded 65 points, the same as the previous day. As of 9:02 a.m. that day, Bitcoin (BTC) is trading at $107,004 on CoinMarketCap, up 0.11% fro