Uk Jin

Worldcoin Plunges 19%; Arthur Hayes Says He Sold Entire Stake

Worldcoin (WLD), which had been on a strong run in recent days, plunged in trading on June 6. CoinMarketCap data showed Worldcoin trading at $0.4329 as of 5:35 p.m. Korea time on June 6, down 18.74% from a day earlier. Worldcoin had climbed as high a

Bitcoin’s $53,900 Level May Offer Buying Opportunity, Analyst Says

Bitcoin, the largest cryptocurrency, has continued to pull back near the $60,000 level, and further declines could create an attractive entry point for long-term investors, according to market analysis. Crypto analyst Ali Martinez wrote in a post on

US Chip Stocks Lose $1.3 Trillion in One-Day Rout, Stirring ‘Black Monday’ Fears

‘Black Monday’ fears mount US chip stocks lose $1.3 trillion in market value Semiconductor shares that had been among the biggest beneficiaries of the artificial-intelligence boom on Wall Street plunged across the board on June 5, wiping out about $1

Huaxing Securities Joins Futu, Tiger in Restricting Mainland China Client Trades

Huaxing Securities is scaling back services for clients in mainland China as Chinese authorities broaden a crackdown on offshore brokerages. The platform had offered overseas stock investment services to mainland investors alongside Futu, Tiger Broke

Dragonfly Partner Says Firm Still Holds Zcash After ZEC Vulnerability Concerns

Crypto investment firm Dragonfly said any market impact from the recently flagged vulnerability in Zcash (ZEC) would have been limited even if it had been exploited. Dragonfly partner Haseeb Qureshi wrote on X, formerly Twitter, on June 6 that it wou

Bitcoin Falls Below $61,000

US House Unveils ARMA Bill to Create Strategic Bitcoin Reserve

A bill introduced in the US House of Representatives to establish a federal strategic Bitcoin reserve has been made public. The full text of the American Reserve Modernization Act, or ARMA, posted on the congressional website on June 5, would create

Greece Weighs 15% Capital Gains Tax on Crypto Investment Profits

Greece is considering a 15% capital gains tax on profits from cryptocurrency investments. Reuters reported on June 5 that Greece’s Finance Ministry is preparing a bill to apply a 15% tax rate to gains from crypto asset sales. The proposal is set to b

Bitcoin Tests $60,000 Support After Slide; Worst-Case View Sees $33,000

Bitcoin, the largest cryptocurrency, has come under pressure after a sharp recent selloff, with markets focused on whether it can hold the key $60,000 support level. Some analysts say the token could fall as low as $33,000 in a worst-case scenario. A

[Analysis] Bitcoin Signals Market Entering Late-Stage Bear Phase, CryptoQuant Says

Bitcoin, the largest cryptocurrency, remains in a correction phase, and the market may be moving into the late stage of a bear market, according to a CryptoQuant analysis. In a report published on June 5, CryptoQuant contributor Yonsei Dent wrote tha

Morgan Stanley Teams With Galaxy Digital to Help Wealthy Clients Shift Crypto Into Spot ETFs

Morgan Stanley is teaming up with Galaxy Digital to offer high-net-worth clients a way to convert cryptocurrency holdings into spot exchange-traded funds. BlockBeats reported on June 5, citing Barron's, that Morgan Stanley's wealth management divisio

US May Nonfarm Payrolls Rise 172,000, More Than Double Forecast

U.S. employment growth topped expectations in May. Investing.com reported on June 5 that the Labor Department said nonfarm payrolls increased by 172,000 from the previous month. That was more than double the market forecast of 85,000. The May figure

House Republicans Seek to Add Prediction Market Limits to Congressional Trading Ban Bill, Eye Summer Vote

House Republicans are moving to add limits on prediction market trading to a bill that would bar members of Congress from trading stocks. The proposal would not ban prediction markets outright. Instead, it would restrict trading in certain contracts

SpaceX IPO to Exclude China, Hong Kong Investors Under US Security Rules

As Elon Musk’s SpaceX moves toward an initial public offering, investors in China and Hong Kong are set to be barred from subscribing to the share sale. Bloomberg reported on June 5 that banks leading the IPO told syndicate members not to accept orde

Strategy's Saylor Says Bitcoin Needs Maximalists and Institutions to Succeed

Strategy, the world's largest corporate holder of Bitcoin, said the cryptocurrency's long-term growth requires a broad mix of participants, including maximalists, institutional investors and companies. Executive Chairman Michael Saylor wrote on X, fo

Bitcoin, Ether Suffer Worst Week Since July 2024

Bitcoin and Ether posted their worst weekly returns since July 2024 as sentiment in the cryptocurrency market continued to deteriorate. CoinDesk reported on June 5 that Bitcoin had fallen about 14.5% this week and was trading near $62,500. Ether drop

Forward Industries Moves $31.9 Million of Solana to Coinbase Prime, Stirring Sale Concerns

Forward Industries, which has adopted Solana as a primary treasury asset, transferred about $31.9 million worth of SOL to Coinbase Prime. Cointelegraph reported on June 5 that the company deposited 455,784 SOL into Coinbase Prime, Coinbase's platform

BILL Launches ‘Human Pass’ Verification Tool for Discord Servers

Blockchain-based identity verification project BILL announced on June 5 that it has launched Human Pass, a human verification solution for Discord server operators, through a post on X, formerly Twitter. Human Pass is designed to verify whether Disco

Iran Tells Pakistan It Would Accept Sending Some Enriched Uranium to a Third Country, Al Arabiya Says

Lorenzo Protocol Mints 52.5 Billion Tokens in One Hour; BANK Drops 19%

Lorenzo Protocol's BANK token minted an additional 52.5 billion tokens in about an hour, fueling concerns over a surge in supply. On June 5, crypto on-chain analyst ElonKely wrote on X that roughly 52.5 billion Lorenzo Protocol tokens were newly issu

Bitcoin Rises Above $63,000

Hong Kong HKMA Forms Tokenized Bond Expert Group to Expand Digital Bond Market

The Hong Kong Monetary Authority has formed a dedicated industry group of experts to help expand the market for tokenized bonds. The HKMA said on June 5 on its website that it had established a Tokenized Bond Expert Group. The group includes represen

Bitcoin May Drop Below February Low, With $54,000 as Last Key Support

Bitcoin, the largest cryptocurrency, has come under intense pressure in recent days, prompting analysis that it could fall below the low it reached in February. In a report published June 5, crypto analyst Axel Adler Jr. wrote that Bitcoin is retesti

Dollar Stablecoins Trade About 30 Won Below Won-Dollar Rate on Upbit

Dollar-pegged stablecoins were trading below the won-dollar exchange rate on June 5. On South Korean digital-asset exchange Upbit, Tether was trading at 1,506 won, up 0.80% from a day earlier. Other dollar stablecoins including USDC, USD1 and USDE we

Kospi, Kosdaq Sink on Broadcom Shock; Won Ends at 1,539.1 per Dollar

South Korea’s Kospi and Kosdaq indexes closed sharply lower on June 5 after weak guidance from U.S. chipmaker Broadcom hit sentiment toward artificial intelligence-related semiconductor stocks. Selling centered on chip shares as investors locked in p

a16z-Linked Wallet Adds $15.16 Million of Hyperliquid in 24 Hours

A wallet linked to venture capital firm Andreessen Horowitz, or a16z, appears to have sharply increased its holdings of Hyperliquid (HYPE). On-chain analyst ai_9684xtpa wrote on X on June 5 that the wallet withdrew a total of 224,118 HYPE tokens from

Bitcoin Reclaims $62,000

UK Reform Party Took In $9.4 Million From Crypto Industry in First Quarter

Reform UK received large donations from the crypto industry in the first quarter of this year. Cointelegraph reported on June 5, citing UK Electoral Commission disclosures, that the party received a total of $9.4 million from donors including Tether

Bitcoin Falls Below $62,000

NEXUS Launches D2C Web Store Platform CROSS GameHub for Game Developers

NEXUS, the operator of the CROSS protocol, said Friday it has officially launched CROSS GameHub, a direct-to-consumer web store platform for game developers. CROSS GameHub is a game commerce platform that allows developers to build their own web stor