Uk Jin

Bitcoin Funding Rate Hits 20-Month High as Long Bets Overheat

Bitcoin funding rates in the derivatives market have climbed to their highest level in 20 months. Digital-asset outlet U.Today reported on Aug. 18 that funding rates for Bitcoin perpetual futures had reached their highest point in about 20 months. Af

Gate.io Says Convergence of Digital Assets and Stocks Is Accelerating, Heralding Multi-Asset Era

As the boundary between digital assets and stock markets blurs, investment across both traditional financial assets and digital assets is set to gain momentum. Lucas Sim, head of stock market development at Gate.io, told Odaily in an interview publis

Japan’s JPYC Stablecoin Supply Tops 2.8 Billion Yen

JPYC, Japan’s first stablecoin, has surpassed 2.8 billion yen in total circulating supply. Japanese digital-asset outlet NADA News reported on August 18 that JPYC marked the first anniversary of obtaining registration as a funds transfer service prov

Blockchain Association Backs SEC Repeal of Stock-Market Rules, Sees Lift for Tokenized Securities

The Blockchain Association has backed the US Securities and Exchange Commission’s proposal to repeal existing stock-market rules. The group submitted a comment letter on August 18 on the SEC’s proposal to scrap parts of Regulation NMS, The Block repo

China Adds Eight Banks to Digital Yuan Network, Bringing Total to 30

China has added eight more banks to its digital yuan network, expanding the number of institutions authorized to handle the central bank digital currency to 30. Cointelegraph reported on August 18 that the People’s Bank of China designated eight addi

Hardware Wallet Maker BitBox Identifies Two Severe Security Flaws

BitBox, a digital-asset hardware wallet maker, has identified two severe security vulnerabilities that could put user funds at risk. Cointelegraph reported on August 18 that BitBox disclosed in a recent security notice that it found the two flaws in

Bitcoin Long-Term Holders Keep Selling Pressure Muted as Holdings Near Record 16.41 Million

Analysis shows selling pressure from Bitcoin long-term holders remains low, with their holdings also nearing a record high. In a blog post on August 18, Axel Adler Jr. wrote that long-term holders now own 16.35 million Bitcoin, close to the record 16

Kraken Rolls Out U.S. Stock Trading Across Europe

Kraken has launched U.S. stock trading for users across Europe, The Block reported on Aug. 18. The global digital-asset exchange is offering trading in shares listed on U.S. exchanges to users in European Economic Area member countries. The service h

Tether Plans Full-Fledged Push Into AI, Aims to Become Digital Infrastructure Company

Tether, the issuer of the world’s largest stablecoin, USDT, has formally outlined plans to expand its business. Paolo Ardoino, Tether’s chief executive officer, said in a recent interview that the company has not considered itself a digital-asset bus

HTX Says ‘Mysterious’ Small Crypto Transfers Unrelated to Exchange, Investigating

HTX has responded to claims in digital-asset communities that small amounts of cryptocurrency were sent from the exchange to wallets belonging to unspecified users. On Aug. 18, Liu Ye, HTX’s head of markets, wrote on X that the company had reviewed p

Unitree Perpetual Futures Surge Ahead of China Listing, Implying $40.5 Billion Valuation

Perpetual futures tied to Chinese robotics company Unitree have surged in digital-asset trading ahead of the company's stock market debut. Bloomberg reported on Aug. 18 that Unitree perpetual futures on Hyperliquid (HYPE) were trading at about $100.

South Korean Regulator Orders Domestic Access Block on Polymarket

South Korea’s Broadcasting, Media and Communications Review Committee has decided to block domestic access to overseas prediction-market platform Polymarket after determining that it promotes gambling. The regulator said in a statement on Aug. 18 tha

Digital-Asset Funding Reaches $11.2 Billion in First Half, Tilts to Regulated Firms

A total of $11.2 billion flowed into the digital-asset industry in the first half of this year, with investor capital concentrated in regulated businesses. CoinDesk reported on August 15 that Dubai-based law firm NeosLegal analyzed 377 publicly discl

Bitcoin at $1 Million by 2030 Is Mathematically Impossible, 10x Research Says

A projection that Bitcoin could reach $1 million by 2030 is realistically impossible, according to an analysis cited by Cointelegraph on August 15. Markus Thielen, head of research at 10x Research, said in an interview that a $1 million Bitcoin by 20

Altcoins Are Dead as a Rival to Bitcoin, Swan Bitcoin CEO Says

Altcoins are no longer viable competitors to Bitcoin as money, Swan Bitcoin Chief Executive Officer Cory Klippsten said. Klippsten told Cointelegraph in an interview published Aug. 15 that “altcoins are effectively dead” when it comes to competing wi

Wall Street’s Private Blockchain Boom May Undermine the Technology’s Core, Etherealize CEO Says

Wall Street’s growing embrace of private blockchains risks undermining the core value of blockchain technology, CoinDesk reported on Aug. 15. Vivek Raman, chief executive officer of Etherealize, said in an interview that the spread of enterprise cons

Pump.fun Unlocks 4.85 Billion PUMP Tokens

Pump.fun's PUMP token saw a large-scale unlock. The Data Nerd wrote on X on Aug. 15 that 4.85 billion PUMP tokens had just been unlocked.

Cosmostation to Phase Out Cosmos Wallet Service From September

Cosmostation, a wallet service in the Cosmos (ATOM) ecosystem, will cease operations. Wu Blockchain reported on Aug. 15 that Cosmostation plans to phase out its wallet service. Beginning Sept. 1, only seed phrase and private key export functions will

Washington State Court Orders Kalshi to Halt Some Prediction Market Services

A Washington state court has moved to curb prediction market platform Kalshi's operations. Cointelegraph reported Aug. 15 that Judge John McHale of King County Superior Court issued a preliminary injunction barring Kalshi from offering event contract

Binance Founder Zhao Says Digital Assets Make Up 0.0014% of Financial Crime, 100 Times Less Than Traditional Finance

Digital assets account for a much smaller share of illicit transactions than traditional finance, according to comments cited by Wu Blockchain. Because blockchain networks are transparent and traceable, tracking the flow of funds can be easier. Wu Bl

Bitcoin Demand Rebounds Sharply After Two Months, but Bullish Case Remains Unclear

Bitcoin demand is recovering quickly, though not yet enough to absorb all new supply, according to a CryptoQuant analysis. CryptoQuant contributor Darkfost wrote on Aug. 15 that Bitcoin’s nominal demand had recovered to minus 32,000, a sharp improvem

Galaxy Cuts 2026 Odds of Clarity Act Passage to 10%

Skepticism is rising over the Clarity Act's chances of passing this year, a key issue for the digital-asset industry in 2026. Galaxy Digital research head Alex Thorn cut the probability of the bill's passage this year to 10%, Cointelegraph reported o

Iran Says No Extension of US Ceasefire, Timing of Talks Still Undecided

Iran said it has not yet decided whether to resume negotiations with the US. Al Jazeera reported on August 15 that Iranian Foreign Minister Abbas Araghchi wrote on Telegram that Tehran had not decided whether to restart talks with Washington. Araghch

Analysis: XRP Whale Deposits to Binance Hit Lowest Level Since 2021

XRP whale investors may be accumulating the token as deposits to Binance, the world’s largest crypto exchange, have fallen to their lowest level since 2021. CryptoQuant contributor Darkfost wrote on Aug. 15 that the three-month average of XRP inflows

Iran Says It Will Keep Strait of Hormuz Closed Until US Accepts Its Terms

Iran said it will keep the Strait of Hormuz closed until the US accepts its conditions, as tensions between Washington and Tehran deepen. Walter Bloomberg reported on Aug. 15 that Iran intends to maintain the closure until the US agrees to its demand

SK Divorce Appeal Spurs Debate Over $680 Million Asset Split

A decision by SK Group Chairman Chey Tae-won to appeal a divorce ruling ordering a 944 billion won ($680 million) property division payment has fueled debate in parts of South Korea's business community over whether the amount was properly calculated

Cboe Files With SEC to List 3x Bitcoin, Ether ETFs

A leveraged exchange-traded fund tied to digital assets may be moving closer to market. Cboe BZX Exchange, part of Cboe Global Markets, filed a proposed rule change with the US Securities and Exchange Commission to list six ETFs designed to deliver t

JPMorgan Boosts Digital-Asset ETF Holdings in Downturn, Quadruples Ethereum Position

JPMorgan Chase increased its holdings of exchange-traded funds tied to digital assets, Cointelegraph reported on Aug. 14. A 13F filing with the US Securities and Exchange Commission showed the bank held about 10.4 million shares of BlackRock’s spot B

Binance to Halt Processing of Deposits, Withdrawals Tied to 11 Digital-Asset Platforms Including HTX

Binance, the world’s largest digital-asset exchange, will restrict transactions linked to 11 digital-asset platforms, including HTX. Starting Aug. 23, Binance will stop processing deposits and withdrawals involving 11 platforms and service providers,

SanDisk Vows to Return 100% of Free Cash Flow to Shareholders, Fueling Focus on SK Hynix Payout

SanDisk to use 100% of free cash flow for dividends and buybacks Shares surge 13.7% SK Hynix also poised to announce shareholder returns in the third quarter Estimates for the payout range from 40 trillion won ($28.9 billion) to 100 trillion won ($72