Uk Jin

Will the return of 'free Bitcoin' resurface? Jack Dorsey hints at reintroducing a faucet

Jack Dorsey, Twitter co-founder and CEO of Block, signaled plans to bring back an early system known as a Bitcoin (BTC) “faucet,” which distributed small amounts of Bitcoin for free. On the 4th (Korea time), Dorsey shared a Block post on X (formerly

Bitdeer mined 149.7 bitcoins…sold all of them

Bitcoin (BTC) mining company Bitdeer disclosed its bitcoin production for the week. On the 4th (KST), Bitdeer said via X (formerly Twitter) that its total bitcoin production for the week came to 149.7. However, Bitdeer sold all of the mined output, k

"40,000 Ether moved to suspected Bitmine address"

A large amount of Ether (ETH) has reportedly been transferred to an address believed to belong to Bitmine, the world’s largest corporate holder of Ether. On the 4th (Korea time), OnchainLens said on X (formerly Twitter) that “a newly created wallet r

Upbit to hold Official Trump trading event… top 20 to be invited to Mar-a-Lago

Upbit, a virtual asset (cryptocurrency) exchange, said on the 4th that it will run an invitation event for customers trading 'Official Trump (TRUMP)' to attend a special event to be held at the Mar-a-Lago resort in Florida, US. The event is a global

U.S. March services PMI at 49.8, below market forecast

The U.S. services Purchasing Managers’ Index (PMI) came in below market expectations. According to a report released on the 3rd (local time) by S&P Global, the U.S. March services PMI came in at 49.8, missing the market forecast of 51.1. The PMI is a

Agora Halts Issuance of Stablecoin AUSD on Injective

Agora, the issuer of stablecoin AUSD—a crypto asset pegged to a fiat currency—will stop minting the token on the Injective (INJ) network. On the 3rd (Korea time), Agora said via X (formerly Twitter) that starting that day it would suspend new issuanc

Trump: "We can open Hormuz and secure oil"

U.S. President Donald Trump said on the 3rd (Korea time) via his Truth Social that “in just a little time, we can open the Strait of Hormuz,” adding that “if that happens, we can secure crude oil and make the whole world wealthy.”

U.S. March nonfarm payrolls rise 178,000, far exceeding forecasts

U.S. employment data for last month came in well above market expectations. The U.S. Department of Labor said on the 3rd (local time) that March nonfarm employment increased by 178,000 from the previous month. That is far above the market forecast (6

Ethereum Foundation stakes an additional $93 million worth of ether… closing in on 70,000 ETH target

The Ethereum (ETH) Foundation has effectively wrapped up its effort to meet its staking target by staking an additional roughly $93 million (about 125 billion won) worth of ether. On the 3rd, CoinDesk, citing Arkham data, reported that the Ethereum F

Figure posts $2.9 billion in loan transaction volume in Q1

Blockchain-based lending platform Figure Technology significantly ramped up its loan origination volume in the first quarter. According to GlobeNewswire on the 3rd (Korea time), Figure said in a filing submitted to the Securities and Exchange Commiss

"$280 million hack" Drift pleads with attacker: "Let’s talk"

Solana (SOL)-based decentralized exchange (DEX) Drift (DRIFT) has attempted to make direct contact with the hacker. On the 3rd (Korea time), cryptocurrency news outlet Cointelegraph reported that Drift sent on-chain messages to wallet addresses belie

‘Money Tree Sister’ Cathie Wood: “Bitcoin is already becoming institutional… the era of repeated crashes is over”

A view has emerged that Bitcoin (BTC) is unlikely to suffer a steep plunge like in past cycles. On the 3rd (Korea time), Cathie Wood, CEO of ARK Invest, said in an interview with CNBC, “Bitcoin is already in the process of establishing itself as an i

Binance oil futures take off on debut, posting $1.1 billion in volume

Binance, a cryptocurrency exchange, recently launched oil futures products, and the debut day saw a surge in trading volume. According to Wu Blockchain on the 3rd (Korea time), the perpetual oil futures listed on Binance recorded trading volume of mo

"Will the war drag on"…On Polymarket, odds of a U.S.-Iran end to the war before June fall below 40%

As the war between the U.S. and Israel and Iran—shocking not only the crypto market but also global equities—intensifies, overseas bettors appear to be increasingly convinced the conflict is likely to last into June. According to decentralized predic

Bitcoin miners sell into a bear market… Riot sells 3,700 coins in Q1

As Bitcoin (BTC)’s bear market drags on, mining firms appear to have moved to large-scale selling. According to The Block on the 3rd (Korea time), Riot Platforms sold a total of 3,778 bitcoins during the first quarter. That amounts to about $289.50 m

"Strategy expected to add around 4,500 more bitcoins this week"

An analysis suggests that Strategy, the world’s largest corporate holder of bitcoin (BTC), is expected to purchase about 4,500 more bitcoins this week. On the 3rd (KST), BitcoinTreasury.net reported that Strategy is estimated to buy roughly 4,535 bit

[Analysis] “Bitcoin sees short positions dominate in derivatives markets…growing risk of long-position liquidations”

Traders are increasingly taking bearish bets in the Bitcoin (BTC) derivatives market, data showed. On the 3rd (Korea time), Axel Adler Jr., a CryptoQuant contributor, said in a report that “as the 30-day simple moving average of the Bitcoin Positioni

DeFi hacks totaled 170 billion won in Q1…“Scale has fallen, but security concerns persist”

On the 3rd (Korea time), Cointelegraph reported that decentralized finance (DeFi) protocols suffered hacking losses of about $168.6 million (roughly 170 billion won) in the first quarter this year. That figure is down about 90% from a year earlier ($

FSS orders Dunamu to revise share-swap disclosure… “material information omitted”

South Korea’s Financial Supervisory Service (FSS) has reportedly issued an order requiring Dunamu to correct its disclosure related to a share swap with Naver Financial. According to a disclosure posted on Dunamu’s website on the 3rd (Korea time), th

'Dmail' to shutter service as of May 15… "limits to sustainability"

Decentralized email project Dmail Network (DMAIL) has officially announced it will discontinue its service. On the 3rd (Korea time), Dmail said in a notice that it "plans to gradually suspend all services starting May 15," adding that "after prolonge

Meme coin 'Binance Life' surges 16% from previous day

Binance Life (币安人生), a meme coin named after Binance, the world’s largest digital asset (cryptocurrency) exchange, is surging intraday. As of 3:35 p.m. on the 3rd (KST), Binance Life was trading at $0.05578 on CoinMarketCap, up 16.27% from the previo

"Similar setup to the pre-financial crisis...signs Bitcoin may be poised to rise"

As global financial markets are being rattled by rising geopolitical tensions stemming from the Middle East, an analysis suggests Bitcoin (BTC) could enter an upswing. The view is that the current market structure resembles conditions just ahead of t

"Using stablecoins for trade settlement can cut costs by up to 3%"

"Today’s trade settlement structure generates a lot of unnecessary costs through currency conversion and intermediary processes. By using stablecoins (cryptoassets whose value is pegged to fiat currency), we can dramatically reduce them." Kang Hyung-

A pledge by President Lee—but Bitcoin spot ETFs remain in limbo as the framework act stalls

As talks on the Digital Asset Framework Act stall the rollout of crypto ETFs is also being repeatedly delayed the U.S. has already built a market worth ‘hundreds of trillions of won’ Industry: “Preparations may have to come to a complete stop” The in

"Using won-denominated stablecoins for trade is still difficult… legal groundwork must be put in place"

As the idea of using stablecoins (cryptoassets pegged to fiat currencies) for trade settlement gains traction worldwide, a proposal has emerged calling for swift establishment of a legal framework to enable the use of won-denominated stablecoins in t

SaharaAI partners with MIT in the US to develop AI agents

SaharaAI (SAHARA AI), a blockchain-based decentralized artificial intelligence (AI) development project, said on the 2nd that it has been working with the Massachusetts Institute of Technology (MIT) in the United States to develop AI agents that use

Vice President Vance: “Iran operation will end soon…no intention of a long-term deployment”

U.S. Vice President JD Vance said that in connection with the military clash with Iran, “the United States will withdraw in the near term,” signaling it has no intention of a prolonged engagement. According to Al Jazeera on the 28th (Korea time), Van

"Millions of barrels of crude could be tied up if Houthi attacks on cargo ships intensify"

As Yemen’s Houthi rebels have effectively formalized their participation in the Middle East conflict on Iran’s side, the possibility is being raised that they could resume attacks on vessels in the Red Sea. Concerns are growing over potential disrupt

Bitcoin rises above $67,000

Goldman Sachs: “Bitcoin near a bottom…declining trading volume is a ‘variable’”

With Bitcoin (BTC) prices recently sliding sharply, major U.S. investment bank Goldman Sachs has released an analysis suggesting Bitcoin has reached a low. According to Forbes on the 28th (Korea time), Goldman Sachs analyst James Yaro wrote in a repo