Uk Jin

Spot Bitcoin ETFs Draw $23.5 Million in Net Inflows

Spot Bitcoin exchange-traded funds returned to net inflows. Farside Investors data showed the funds posted net inflows of $23.5 million on May 30. BlackRock's IBIT and Fidelity's FBTC recorded net inflows of $19.1 million and $26.6 million, respectiv

Strategy Keeps STRC Preferred Dividend Rate at 11.5% for May

Strategy, the largest corporate holder of Bitcoin, has set the May dividend rate on its STRC preferred stock at 11.5%. CoinDesk reported on May 1 that the annualized rate was unchanged from the previous month. The decision extends STRC's 11.5% divide

Bitcoin’s April Gain Was Driven by Perpetual Futures, Leaving Risk of Further Declines: CryptoQuant

Bitcoin rose in April, but the token may face further declines if spot demand does not recover, according to a CryptoQuant analysis cited by Cointelegraph on May 1. CryptoQuant said in a report that Bitcoin’s roughly 20% advance during April, from $6

Bitcoin Education Group Launches AI Tool to Counter Baseless FUD

An open-source artificial intelligence tool aimed at correcting fear, uncertainty and doubt, or FUD, surrounding Bitcoin has been launched to generate answers based on scientific evidence. Cointelegraph reported on May 1 that Bitcoin education platfo

AhnLab Blockchain Company Wins South Korea Virtual Asset Business License

AhnLab Blockchain Company, the blockchain subsidiary of South Korean cybersecurity firm AhnLab known as ABC, has obtained a virtual asset service provider, or VASP, license from the country’s financial authorities, Byline Network reported on May 1. A

SBI Holdings Moves to Acquire bitbank as Japan Crypto Consolidation Accelerates

SBI Holdings is in talks on a capital and business alliance aimed at acquiring cryptocurrency exchange bitbank, according to foreign media reports. BlockBeats and other outlets reported on May 1 that SBI Holdings had submitted a letter of intent to a

Bitcoin Chart Mirrors 2022 Bear Market, Signaling Risk of Further Declines

Bitcoin is forming a pattern similar to the one seen at its 2022 bottom, according to crypto analyst Ali Martinez. In a post on X on May 1, Martinez wrote that Bitcoin is moving in a way that closely resembles the 2022 bear market. If the pattern con

Investors Flock to ‘Crimecoins’ as Altcoin Slump Deepens, With RAVE Surging 100-Fold Before Crash

As the altcoin market remains mired in a slump, so-called “crimecoins” that post sharp short-term gains are drawing investor attention. The term combines “crime” and “coin” and refers to cryptocurrencies suspected of scams, including price manipulati

Axelar, XRPL Korea Complete Won Stablecoin PoC With Hana Financial TI

Axelar and XRPL Korea said April 30 that they had completed a proof of concept with Hana Financial TI for a won-denominated stablecoin's issuance, circulation and settlement structure. The companies said the PoC verified the feasibility of the stable

DSRV Lays Out AI Agent Payments Infrastructure, Betting AI Will Become an Economic Actor

DSRV, a global Ethereum validator, unveiled detailed plans for a payments infrastructure built for AI agents, arguing that a new financial system will be needed if AI becomes an economic actor in its own right. Speaking at the "DeSeRVe All 2026: Web3

Financial System Still Inefficient, Blockchain Infrastructure Innovation Needed, DSRV Executive Says

"Content and information can now be distributed in real time at low cost, but the financial system still relies on decades-old closed infrastructure. Blockchain can overcome those limitations." Byung-yoon Seo, co-chief executive officer of DSRV, made

Lucentblock Receives Social Venture Certification in South Korea

Lucentblock, operator of tokenized securities platform Soyo, said Wednesday it had received social venture certification from South Korea's Ministry of SMEs and Startups. The ministry grants the certification to companies that contribute to society t

Tokenizing Jeonse Deposits Could Help Prevent Rental Fraud, Professor Says

Tokenized securities, or STOs, should be used to help tackle jeonse fraud, one of South Korea’s most persistent social problems, according to a policy proposal presented at a forum on April 28. The approach would increase liquidity in the jeonse mark

Democratic Party Lawmaker Ahn Says Real Estate Should Be Opened to All Through Tokenized Securities

Democratic Party lawmaker Ahn Do-geol said tokenized securities, or STOs, should be considered a tool to transform South Korea’s real estate market. Ahn, a member of the National Assembly’s Strategy and Finance Committee, made the remarks on April 28

Pantera Says Stablecoins May Become Core Financial Infrastructure, Sees Growth in Non-Dollar Tokens

Pantera Capital, a global crypto venture capital firm, said stablecoins — cryptocurrencies pegged to fiat currencies — could become a core part of the next generation of financial infrastructure. On April 27, Nihal Munder, a partner at Pantera Capita

Ethereum Foundation Sells 10,000 Ether to BitMine at $2,387 Each

The Ethereum Foundation has sold 10,000 Ether to BitMine, a publicly traded company that holds Ether in reserve. The foundation announced on X on April 24 that it had decided to sell the tokens to BitMine at $2,387 each. It said the sale was intended

US Justice Department Said to End Powell Probe Soon, ABC Reports

The US Justice Department is preparing to end its investigation into Federal Reserve Chair Jerome Powell, ABC News reported. ABC said on April 24, citing multiple sources, that the department could close the probe as early as that day. Powell has bee

South Africa Seeks to Bring Crypto Under Capital Controls, Tighten Reporting and Trading Rules

South Africa is moving to bring virtual assets, including cryptocurrencies, into its formal regulatory framework, in a step that would significantly tighten oversight. Cointelegraph reported on April 24 that South Africa’s National Treasury had relea

Fluent Launches Mainnet, Added to Coinbase Listing Roadmap

Fluent, an Ethereum-based layer-2 project, has launched its mainnet and started issuing its native token. The Block reported on April 24 that Fluent went live with its mainnet and began token issuance that day, securing $50 million in liquidity on la

Researcher Wins 1 Bitcoin for Cracking 15-Bit Encryption With Quantum Computer

Quantum computers are beginning to crack the elliptic curve cryptography used in Bitcoin. The Block reported on April 24 that researcher Giancarlo Relli derived a 15-bit elliptic curve cryptographic private key using a quantum computer. The experimen

ZondaCrypto Scandal Deepens as Polish Prosecutors Launch Probe After CEO Disappears

ZondaCrypto, a Poland-based cryptocurrency exchange with a large Polish user base in Eastern Europe, is facing allegations of large-scale fraud amid controversy over the disappearance of its chief executive officer. Polish prosecutors opened a fraud

Analysis: Bitcoin On-Chain Metrics Signal Strong Upside

Bitcoin is showing a strong bullish signal in on-chain data, Glassnode said. In an analysis published on April 24, Glassnode said Bitcoin's recent price action has entered a zone with a high probability of further gains. The key indicators are moment

Iran Foreign Minister to Arrive in Islamabad on Friday Evening, Reuters Reports

Reuters reported on April 24, citing a source, that Iranian Foreign Minister Abbas Araqchi is expected to arrive in Islamabad on Friday evening. Araqchi will travel to Pakistan's capital with a small delegation, the source said. The visit could inclu

Pakistan May Announce Resumption of US-Iran Talks on April 24, Al Arabiya Says

Saudi state-owned media outlet Al Arabiya said in a post on X on April 24 that Pakistan may announce later in the day that talks between the US and Iran will resume.

Bitcoin Recovers $78,000

Analysts Say Saylor’s ‘Bitcoin Winter Is Over’ Call Is Premature

Michael Saylor, executive chairman of Strategy, the largest publicly traded corporate holder of Bitcoin, struck a bullish tone on the cryptocurrency. Some analysts, however, said his remarks may have come too soon. Cointelegraph reported on April 24

China Tightens Online Marketing Rules for Financial Products, Labels Crypto Illegal Finance

Chinese authorities have issued unified rules for the online marketing of financial products. The measures again classify virtual asset, or cryptocurrency, issuance and trading as illegal financial activity and ban all related promotion. On April 24,

KelpDAO Says rsETH Hack Losses Reduced to About 89,500 ETH

KelpDAO said it has narrowed losses from a recent major hack and is working to restore funds for rsETH holders. In a post on X on April 24, the protocol said it has been coordinating with key partners, including Aave, since the April 18 incident. Kel

Bitcoin Whales Increase Long Positions on Hyperliquid, Glassnode Says

Large investors are stepping up bets on Bitcoin gains in the futures market. On-chain analytics firm Glassnode wrote on X on April 24 that whale investors on Hyperliquid were increasing Bitcoin long positions, signaling expectations for a breakout fr

Strive May Have Bought 137 Bitcoin Over Two Days

Strive, a US asset manager that also uses Bitcoin as a treasury asset, may have bought about 137 additional Bitcoin over two days, according to an analysis. BitcoinTreasuries.net reported on April 24 that Strive had secured enough funding to purchase