Uk Jin

K Bank and Upbit Support South Korea's First Corporate Virtual Asset Transactions

K Bank announced on the 2nd that, together with the virtual asset (cryptocurrency) exchange Upbit, they have supported South Korea’s first corporate virtual asset transactions. These first corporate virtual asset transactions were carried out by the

Changpeng Zhao: "Decentralized exchanges should consider adopting dark pools"

Changpeng Zhao, founder of Binance, recently pointed out a series of incidents occurring on decentralized exchanges (DEX), emphasizing the need for a dark pool-style derivatives DEX. A dark pool is a private alternative trading system (ATS) where tra

Nobel Laureate in Economics: "Stablecoins Have No Practical Effectiveness"

Paul Krugman, who was awarded the Nobel Prize in Economic Sciences in 2008, expressed rather negative views on stablecoins (virtual assets pegged to the value of fiat currencies). According to CryptoSlate, a media outlet specializing in digital asset

Changyong Rhee, Bank of Korea Governor: "Considering allowing stablecoins for non-banking institutions"

According to the industry on the 2nd, Changyong Rhee, the Governor of the Bank of Korea, stated at the '2025 BOK International Conference' held at the Bank of Korea Annex in Jung-gu, Seoul, during a conversation with Christopher Waller, a member of t

Fed Governor Waller: "Stablecoins are merely a means of payment"

According to Walter Bloomberg on the 2nd (KST), Christopher Waller, a member of the Federal Reserve (Fed), stated that "Stablecoins are merely a means of payment," but also said that they are "a way to introduce competition into the payments sector."

[Analysis] "Bitcoin exceeds $105,000... Some indicators suggest market overheating"

Bitcoin (BTC) is showing slight gains during intraday trading. However, some indicators suggest that the market is overheating, so caution is advised when investing. On the 1st (local time), the virtual asset (cryptocurrency) specialized media platfo

Crypto Fear and Greed Index records 64 points…Up 8 points from previous day

According to Alternative, a crypto (cryptocurrency) data provider, on the 2nd (Korea Standard Time), the Fear and Greed Index for crypto assets rose by 8 points from the previous day to reach 64 points. As of 9:06 am today, Bitcoin (BTC) is trading a

Musk launches XChat… “Bitcoin-style encryption applied”

On the 2nd (KST), Elon Musk, CEO of Tesla, introduced a new feature within X (formerly Twitter) called ‘XChat’ via X. Musk explained that XChat offers encryption, message expiration, as well as the ability to transfer all types of files, adding, “In

Lee Jun-seok: "A vote for Kim Moon-soo is a vote to protect Yoon Suk-yeol… Please choose No. 4"

"We can't win even if we unite… Give your support to the crescent moon" Lee Jun-seok, the presidential candidate of the Reform New Party, appealed to conservatives on the 2nd, urging them to choose him rather than Kim Moon-soo, the People Power Party

[Analysis] "Bitcoin, Investor Wait-and-See Stance Continues…Private Investor Influx Needed"

Recently, Bitcoin (BTC) has been struggling to surpass the $110,000 mark, and there is an opinion that participation from individual investors is needed for Bitcoin to maintain its upward momentum. On the 2nd (Korean time), Amr Taha, a contributor at

[Analysis] "Tron Surpasses $121.2 Billion in Monthly Transfer Volume…All-Time High"

Tron (TRX) set a new monthly transfer volume record. On the 2nd (Korean time), Matune, a contributor to CryptoQuant, reported in a newsletter that "Tron’s token transfer volume in May reached 490.3 billion and $121.2 billion," adding, "this is the hi

[Today's Major Economic & Cryptocurrency Schedule] Fed Chair Powell's Speech, etc.

<Today's Major Economic Events> ▶︎Mon, 2nd: △Japan Q1 Capital Expenditure (KST 08:50, JST 08:50), △Federal Reserve Board Member John Williams' Speech (KST 09:00, local time 1st 20:00), △US May Manufacturing PMI (KST 22:45, local time 09:45), △Federal

VCs Betting on Companies Holding Virtual Assets…Will the Hoarding Strategy Boom?

Recently, more companies are adopting a Bitcoin (BTC) accumulation strategy modeled after Strategy (formerly MicroStrategy). In particular, as these companies are attracting significant interest from venture capital (VC), there is growing attention o

Vitalik: "Ethereum Layer 1 to Expand Tenfold Within a Year"

According to Cointelegraph on the 1st (local time), Ethereum (ETH) founder Vitalik Buterin stated at the ETHGlobal Prague Conference that "Ethereum will expand Layer 1 (L1) by about tenfold within a year and will take a brief pause before its next le

Indian Jetking increases Bitcoin holdings to 21

Indian IT company Jetking has made additional purchases of Bitcoin (BTC). On the 1st (local time), the cryptocurrency-specialized media outlet Cointelegraph reported via X (formerly Twitter) that "Jetking increased its Bitcoin holdings to 21."

"Korea's Virtual Asset Industry, Set to Grow Regardless of Presidential Election Outcome"

With the early presidential election just a day away, anticipation for the Korean virtual asset (cryptocurrency) market is intensifying. There is growing opinion that regardless of which candidate wins the election, the virtual asset industry will se

"The volume of domestic stablecoin transactions in the first quarter of this year nears ₩57 trillion"

In the first quarter of this year, the value of stablecoins traded on domestic virtual asset (cryptocurrency) exchanges reached approximately ₩57 trillion. According to data submitted by the Bank of Korea to Cha Kyu-geun, a member of the Cho Kuk Inno

"Investors Turn to Short-Term Investment Strategies on Trump Tariffs"

Recently, opinions have emerged that short-term profit strategies are gaining spotlight in the virtual asset (cryptocurrency) market. According to Cointelegraph, a digital asset-focused media outlet, on the 1st (local time), Arashi Yasabolian Taoshi

Wintermute: "Ethereum Becomes More Vulnerable to Attacks After Pectra Upgrade"

A recent analysis suggests that Ethereum (ETH) users may become more vulnerable to attacks due to the newly implemented Pectra upgrade. According to The Block, a leading cryptocurrency news and research platform, the crypto trading firm Wintermute an

Bessent: "I believe President Trump will speak with President Xi Jinping soon"

Michael Saylor Posts 'Saylor Tracker Chart'…Hints at Additional Bitcoin Purchase

Strategy (formerly MicroStrategy), the company with the largest Bitcoin (BTC) holdings, has hinted at an additional Bitcoin purchase. On the 1st (local time), Michael Saylor, CEO of Strategy, shared the 'Saylor Tracker Chart' on X (formerly Twitter),

Vice President Vance also 'supports crypto'... A new momentum?

Cryptocurrency A to Z Bitcoin 2025 speaker Trump's two sons also participating New buying trend expected Close aides of U.S. President Donald Trump have expressed support for Bitcoin and the broader cryptocurrency industry. Analysts say this could ha

Ripple CEO Expresses Intention to Reconcile with the Bitcoin Community…“Both Assets Must Succeed”

Brad Garlinghouse, the CEO of Ripple, who previously expressed dissatisfaction with Bitcoin (BTC) maximalism in the crypto community, extending an olive branch towards the Bitcoin community. On the 1st (local time), Garlinghouse participated in the X

[Major Economic and Crypto Events of the Week] Speech by Chair Powell of the Federal Reserve, etc.

<Key Economic Events Next Week> ▶︎2nd (Mon): △Japan Q1 Capital Expenditure (KST 08:50, local time 08:50), △Speech by Federal Reserve Governor John Williams (KST 09:00, local time 1st 20:00), △US May Manufacturing PMI (KST 22:45, local time 09:45), △S

Silk Road Founder Earns ₩1.6 Billion with Prison ID

Ross Ulbricht, the founder of the dark web black market 'Silk Road,' who enjoys strong support from the cryptocurrency community, reportedly made profits amounting to $1.8 million (about ₩2.5 billion) through auctions. According to Cointelegraph, a s

Whale withdraws 14,739 Ethereum from centralized exchange

A whale has made a withdrawal from an exchange. Two new addresses conducted large-scale Ethereum (ETH) withdrawals. According to the Data Nerd on the 1st (KST), two addresses starting with '0xD22' and '0xd46' each withdrew 10,781 and 3,958 Ethereum f

Metaplanet CEO: "Volatility in Bitcoin is Signal and Energy"

Simon Gerovich, the CEO of Japan's Metaplanet, which has added Bitcoin (BTC) to its financial assets, expressed strong support for Bitcoin. On the 1st (KST), CEO Simon Gerovich stated on X (formerly Twitter), "The volatility of Bitcoin is not a bug,

Will Stablecoins Bring Changes to the Financial System…"Legitimacy Will Be Granted to Assets If Legislation Passes"

There is a range of opinions surrounding the hot topic of stablecoins (virtual assets whose value is linked to fiat currencies) in the recent virtual asset (cryptocurrency) market. In particular, some forecasts suggest that, if stablecoin legislation

Hyperliquid Surpasses ₩343 Trillion in May Trading Volume… Record High Achieved

Hyperliquid (HYPE), a decentralized derivatives exchange that drew investors’ attention with a sharp price surge last month, has recorded its highest-ever monthly trading volume. According to DeFiLlama data on the 1st (KST), Hyperliquid saw a total t

May Decentralized Exchange Trading Volume Nears ₩660 Trillion… Second Largest Ever

In May, while the virtual asset (cryptocurrency) market saw a boom, decentralized exchanges (DEX) recorded the second largest trading volume in history. According to DeFiLlama on the 1st (Korea time), the May DEX trading volume totaled $474.135 billi