Uk Jin

Hong Kong OSL acquires virtual asset business in Indonesia…Aiming to obtain license

Hong Kong digital asset company OSL Group is expanding into Indonesia. According to Jitong Finance on the 3rd (local time), OSL Group plans to acquire a 90% stake in the Indonesia-based virtual asset (cryptocurrency) exchange operator Evergreen Crest

Australia strengthens regulation of virtual asset ATMs, referred to as a ‘hotbed of crime’…"Fraud prevention"

Australia plans to tighten regulations regarding virtual asset (cryptocurrency) automated teller machines (ATMs). This measure comes in response to a surge in fraud crimes related to virtual asset ATMs. According to Bloomberg News on the 3rd (KST), t

CITIC Securities: "Stablecoin Legislation, a Boon for RWA and Virtual Asset Payments"

Recently, as legislation on stablecoins (virtual assets pegged to fiat currencies) is underway globally, analysis suggests that such legislation could foster the growth of real-world assets (RWA) and virtual asset payment systems. According to BlockB

Tether withdraws 14,000 Bitcoin from reserves… Worth $1.49 billion

The stablecoin (a virtual asset whose value is pegged to fiat currency) giant Tether (USDT) has withdrawn a large amount of Bitcoin (BTC) from its reserves. According to AmberCN on the 3rd (Korea time), Tether withdrew 14,000 Bitcoins from its reserv

Trump Family's World Liberty Financial Deposits 10 Million USDC to BitGo

According to Onchain Lens on the 2nd (local time), World Liberty Financial (WLFI), a virtual asset (cryptocurrency) business led by the family of President Donald Trump, deposited 10 million USDC to BitGo about 15 minutes ago.

'Solana Holdings' SOL Strategies Reports Net Loss Despite Increased Staking and Validation Revenue

SOL Strategies, a Canada-based firm designating Solana (SOL) as a reserve asset, recorded a net loss in Q2. According to cryptocurrency news outlet Cointelegraph on the 2nd (local time), SOL Strategies posted a net loss of 4.8 million Canadian dollar

Tether launches gold-backed stablecoin 'XAUt0' on TON blockchain

Tether (USDT), a giant in the stablecoin (virtual assets pegged to fiat currency) market, announced on the 2nd (local time) that it will launch a gold-backed stablecoin on the TON blockchain. According to Financial Fizz, Tether has partnered with the

'Strategic Ethereum Accumulation' by Sharplink: Company Stock Soars 2000% Last Week…Down 30% Today

Sharplink Gaming, which attracted market attention by including Ethereum (ETH) as a financial asset, saw its stock slump during trading. Previously, Sharplink Gaming had recorded a 2000% surge in share price last week. According to crypto-specialized

US Virtual Asset Lobbyists Urge Congress to Pass the Genius Act

Virtual asset (cryptocurrency) lobbyists have taken action to push for the passage of the Genius Act, the most prominent stablecoin (virtual asset linked to the value of fiat currency) bill currently in the spotlight within the industry. On the 2nd (

Crypto Fear & Greed Index records 64 points… Greed phase continues

According to Alternative, a cryptocurrency data provider, on the 3rd (KST), the Crypto Fear & Greed Index recorded 64 points, the same as the previous day. As of 9:04 AM today, Bitcoin (BTC) is trading at $105,837 on CoinMarketCap, up 0.13% from the

Paradigm Introduces 'Orbitals', a New AMM Approach for Large-Scale Stablecoin Pools

Paradigm, a crypto asset (cryptocurrency) investment firm, has unveiled a new automated market maker (AMM) designed to manage stablecoin (virtual assets pegged to fiat currency values) pools more efficiently. According to The Block, a cryptocurrency-

Circle, USDC issuer, expands IPO size… "Aiming for a $10 trillion company valuation"

Circle, the issuer of the stablecoin USDC, is expanding the size of its initial public offering (IPO). According to Reuters on the 2nd (local time), Circle plans to offer 32 million shares in this IPO. This is a 33% increase from the previous 24 mill

Banking Sector to Request Permission for Entry into Virtual Asset Business from New Administration

The domestic banking sector is expected to request regulatory improvements related to the virtual asset (cryptocurrency) business from the new administration, which will be inaugurated after the presidential election on the 3rd. According to the indu

BlackRock Deposits 4,113 Bitcoin into Coinbase

BlackRock, an issuer of spot Bitcoin (BTC) exchange-traded funds (ETFs), appears to have started selling Bitcoin. On the 3rd (KST), the virtual asset (cryptocurrency) media outlet Cryptopolitan reported, citing data from Arkham Intelligence, that Bla

Ethereum Foundation Carries Out R&D Restructuring, Some Staff Laid Off

Ethereum (ETH) has recently initiated restructuring of its R&D (Research and Development) division to address recent crises. In the process, it has reportedly laid off some staff. According to crypto-specialized media outlet CoinDesk on the 2nd (loca

Strategy Issues Perpetual Preferred Shares for Additional Bitcoin Purchases

Strategy (formerly MicroStrategy) is seeking to raise funds to accumulate more Bitcoin (BTC). According to Bloomberg on the 2nd (local time), Strategy announced that it will issue 2.5 million perpetual preferred shares with a 10% yield and proceed wi

Which U.S. state is the most crypto-friendly?…No. 1 is New Hampshire

New Hampshire has been selected as the most crypto-friendly state in the United States. On the 2nd (local time), CoinDesk, a media platform specializing in cryptocurrency, cited research by digital mining hardware manufacturer ASICKey and reported th

Czech Justice Minister resigns over drug trafficker scandal… "Received €40 million donation"

The Czech Justice Minister has resigned, taking responsibility for receiving Bitcoin (BTC) worth approximately €40 million from a drug trafficker. According to Cointelegraph on the 2nd (Korea Standard Time), Pavel Blažek, the Czech Justice Minister,

Upbit, Change in AhaToken Circulation Plan

The virtual asset (cryptocurrency) exchange Upbit announced on the 2nd (Korea Standard Time) that it has applied changes to the AhaToken (AHT) circulation plan at the request of AhaToken.

Lee Jae-myung: "Livelihood before reform... After winning, the first priority will be to review the economic situation"

According to industry sources on the 2nd, Lee Jae-myung, the Democratic Party of Korea’s presidential candidate, said, “If I am elected president, I believe the very first order should be to review the economic situation,” adding, “The most serious i

Mask Network completes acquisition of Lens Chain social app 'Orb.club'

According to Odaily on the 2nd (KST), the decentralized social network Mask Network (Mask) announced that it has successfully completed the strategic acquisition of Orb.club, a social application on the Lens Chain. Orb.club is a mobile social app on

Musk’s ‘Bitcoin-Style’ XChat… Experts Say ‘Not So Sure’

Some experts are expressing skepticism about XChat, the new messaging platform unveiled by X (formerly Twitter). In particular, the phrase 'Bitcoin-style' emphasized by Elon Musk, CEO of X, has drawn criticism. On the 2nd (Korean time), CoinDesk, a m

WEMIX Plummets to 300 KRW Level Ahead of Delisting

WEMIX, which has been delisted from domestic virtual asset (cryptocurrency) exchanges, is exhibiting a weak trend during the trading session. As the delisting approaches, investor sentiment appears to have rapidly cooled. At 1:47 PM (Korean time) on

[Today's Global Trending Coins] Kaito, Virtual Protocol, Bitcoin & More

According to the Token Mindshare top gainer from the AI-based Web3 search platform Kaito, as of the 2nd, the five most popular digital assets are Kaito (KAITO), Virtual Protocol (VIRTUAL), Bitcoin (BTC), InfineX (INFINEX), and AIXBT. Kaito ranked fir

Story collaborates with Music By Virtuals… Supports IP content monetization on Bangers

The Story Foundation announced on the 2nd that it is working together with the AI content platform 'Music By Virtuals' (hereinafter referred to as Music) to promote a collaboration based on the IP monetization platform Bangers. Bangers is a platform

Controversy Erupts in Community Over Donations to Silk Road Founder

Debate is spreading within the cryptocurrency community over the auction of Silk Road founder Ross Ulbricht. On the 1st (local time), JackXBT, an on-chain investigator, stated on X (formerly Twitter), "Ross Ulbricht received a total of 300 Bitcoin (B

[Analysis] "Solana, Signs of Rebound Detected on Chart"

A positive analysis has emerged regarding the virtual asset (cryptocurrency) Solana (SOL). On the 1st (local time), cryptocurrency analyst Ali Martinez announced on his X (formerly Twitter), "A TD Sequential signal was detected on Solana's 12-hour ch

"Bitcoin: Whether it can defend the $103,000 level is crucial… Long-term outlook remains positive"

There is an opinion that the upward momentum of the leading virtual asset (cryptocurrency), Bitcoin (BTC), has temporarily weakened. In this process, it is argued that the $103,000 level could be an important turning point for Bitcoin. According to t

Metaplanet in Japan purchases an additional 1,088 Bitcoins

Metaplanet, often called the strategy (formerly MicroStrategy) of Japan, has purchased additional Bitcoin (BTC). On the 2nd (local time), Metaplanet announced via its official X (formerly Twitter) that "an additional 1,088 Bitcoins have been purchase

Virtual asset startup 'Alph.AI' raises $2 million

Alph.AI, a trading platform dedicated to meme coins, announced on the 2nd that it has completed a strategic funding round amounting to $2 million. This investment round is reported to have been led by Bitrue, while other specific details have not bee