Uk Jin

Fidelity Urges US Senate to Quickly Pass CLARITY Act, Citing Need for Digital-Asset Rules

Fidelity, the world’s third-largest asset manager, urged the US Senate to swiftly pass the CLARITY Act. Cointelegraph reported on July 25 that Fidelity wrote in a post on X, formerly Twitter, that a clear regulatory framework for the digital-asset ma

Tokenized Real-World Assets on Robinhood Chain Surpass $70 Million

Tokenized real-world assets, or RWAs, are gaining traction on Robinhood Chain, CoinDesk reported on July 25. The value of tokenized RWAs on Robinhood Chain was about $70 million, up fivefold from $14 million two weeks earlier. Trading activity also s

AFX Trade Hacker Begins Laundering Stolen Funds Through THORChain

The hacker behind the attack on decentralized exchange AFX Trade has begun converting the stolen funds into Bitcoin in what appears to be an effort to launder the assets. EmberCN reported on July 25 that the attacker started swapping the stolen Ether

Bitcoin Needs to Hold $63,800 Support to Rebound Toward $67,000, Analyst Says

Bitcoin needs to hold the $63,800 level as support, according to digital-asset analyst Ali Martinez. Martinez wrote on X on July 25 that Bitcoin could rebound to $67,000 if it defends that level. If the support gives way, Bitcoin may fall to $60,000,

Crypto Hacks Cause $1.3 Billion in Losses in First Half

Hack-related losses in the digital-asset industry exceeded $1.302 billion in the first half of this year. On July 25, Onchain Lens wrote on X, formerly Twitter, that there were 224 hacking incidents in the sector during the first six months of the ye

US-Listed Tron Buys Additional 150,517 TRX Tokens

On July 25, US-listed Tron said on X, formerly Twitter, that it bought 150,517 TRX tokens at an average price of $0.3322 each. The purchase lifted the company’s TRX holdings to 706.7 million tokens. Tron said the purchase marks a step toward strength

Decentralized Derivatives Platform Dango to Shut Down, Halt Trading From July 29

Decentralized derivatives trading platform Dango is shutting down. Dango wrote on X on July 25 that it had decided to end the project after failing to find a realistic and sustainable path forward despite its best efforts. Trading on the platform wil

Phantom to End Support for Monad Network on Aug. 26

Digital-asset wallet Phantom said in a post on X on July 25 that it will end support for the Monad (MON) network effective Aug. 26. Users can move Monad-based assets to another Monad-compatible wallet or swap them for Solana (SOL)-based Wrapped Monad

US State Department Launches Freedom Tech Program With Bitcoin Policy Institute as Founding Partner

The US State Department has named the Bitcoin Policy Institute a founding partner in a new talent-exchange program with private technology companies and research institutions. The Block reported on July 25 that the department is launching the Freedom

Director Yang Woo-suk Says Korea’s Video Content Market Has ‘Effectively Collapsed,’ Urges RWA Tokenization

Director Yang Woo-suk, known for films including “The Attorney” and “Steel Rain,” said tokenization of real-world assets, or RWAs, could help revive South Korea’s struggling film industry. Speaking at the Digital Finance and K-Content Innovation Semi

Lawmaker Lee Jae-jung Looks to Digital Finance to Improve K-Content Investment

Digital assets are being discussed as a way to address problems in the investment environment for K-content, with lawmakers also signaling interest in how digital finance could support the industry. Lee Jae-jung, chair of the National Assembly’s Cult

US Spot Ether ETFs Draw $26.3 Million of Net Inflows

US spot Ether exchange-traded funds recorded net inflows of $26.3 million on July 23, according to Farside Investors. Among the 10 spot Ether ETFs, Fidelity’s FETH attracted $14.9 million, while BlackRock’s ETHA and ETHB brought in $8.5 million and $

US Spot Bitcoin ETFs Post $225.1 Million of Net Outflows, Ending Eight-Day Streak

US spot Bitcoin exchange-traded funds posted net outflows after eight consecutive trading sessions of inflows. Farside Investors data showed the 12 spot Bitcoin ETFs recorded combined net outflows of $225.1 million on July 23. BlackRock's IBIT led th

Democratic Senator Calls CLARITY Act Ethics Provision ‘Garbage’

Republicans and Democrats remain far apart over the CLARITY Act, a bill that would regulate the market structure for digital assets. A Democratic senator blasted the ethics provision in the Republican amendment. Cointelegraph reported on July 24 that

BitMEX Delists 65 Products in July Ahead of Sept. 23 Shutdown

BitMEX, a cryptocurrency derivatives exchange, is set to delist 65 trading products in July alone ahead of the full closure of its services in September. Cointelegraph reported on July 24 that BitMEX first removed 21 derivatives contracts in early Ju

South Korean City Hall Official Gets 2 Years for Hiding Drugs for Crypto

A South Korean city hall official who collected and hid narcotics in exchange for cryptocurrency was sentenced to two years in prison. News1 reported on July 24 that Hwang Won-seo, a presiding judge at the Suwon District Court, sentenced the Grade 7

Gorae to Put Data From More Than 50,000 EV Chargers On-Chain Using Sui, Walrus

Gorae, an electric-vehicle charging infrastructure company, said July 24 that it will move usage and settlement data from more than 50,000 EV chargers in South Korea onto the blockchain. The company selected Sui and Walrus for the on-chain migration.

SEC to Hold Sept. 17 Roundtable on 24-Hour US Stock Trading

The US Securities and Exchange Commission will hold a public roundtable in September to discuss moving the stock market toward 24-hour trading. Cointelegraph reported on July 24 that the SEC will host the roundtable on Sept. 17 at its Washington, D.C

South Korea’s FSC to Visit National Assembly as Digital Asset Basic Act Talks Begin

South Korea’s Financial Services Commission plans to visit offices of lawmakers on the National Assembly’s Political Affairs Committee, in a move to formally begin discussions on the Digital Asset Basic Act. Edaily reported on July 24 that the FSC’s

Gemini Donates $10 Million in Bitcoin to Pro-Trump Super PAC

Crypto exchange Gemini donated $10 million in Bitcoin to MAGA Inc., a super PAC backing President Donald Trump, shortly after jointly asking a federal court to withdraw a settlement with the Commodity Futures Trading Commission. Cointelegraph reporte

BonanzaLab, Tiger Research Sign MOU on Digital-Asset Data and Research

BonanzaLab, a digital-asset data company, said July 24 that it signed a memorandum of understanding with Web3 research firm Tiger Research for cooperation on digital-asset data and research. BonanzaLab operates digital-asset data infrastructure based

Ondo Unit Oasis Secures FINRA Approval for US Tokenized Securities Business

Ondo Finance said on July 23 that its subsidiary Oasis Pro Markets had received approval from the Financial Industry Regulatory Authority to handle tokenized securities in the US. The approval allows Oasis to offer US investors tokenized stocks, exch

South Korean Lawmaker Pushes Faster Corporate Entry Into Digital-Asset Market as Basic Law Debate Set to Accelerate

South Korea's National Assembly is facing growing calls to speed work on a framework that would allow corporations to participate in the digital-asset market. The Financial Services Commission said it plans to present guidelines for opening the corpo

Kyobo Securities’ Shin Says Institutional Crypto Era Starts With Clear Control Systems

“Allowing corporations to open digital-asset accounts is only a starting point. A clear control framework must define who approves investments, who handles trading and custody, and who bears responsibility and manages recovery if an incident occurs.”

BIDAX CEO Says Custody Is Key Infrastructure for Maturing Digital-Asset Market

"Corporate participation is essential for the digital-asset market to mature. Once companies start entering the market, safeguards that can ensure trust, such as custody services and internal-control systems, become necessary." Ryu Hong-yeol, chief e

Binance Expands ‘Financial Super App’ Push to Investing, Payments and Transfers

Binance, the world’s largest digital-asset exchange, said July 22 that it is stepping up a “Financial Super App” strategy aimed at integrating investing, payments, remittances and wealth management. The move comes as the boundary between digital asse

South Korea’s Digital-Asset Industry Needs to Be Built Around Homegrown Expertise

Ethereum Korea says it aims to bridge policymakers and the industry Optimism says it is stepping up its push into South Korea South Korea needs to foster a digital-asset ecosystem centered on domestic experts to strengthen the industry’s competitiven

Tokenization Emerges as Core Wall Street Strategy, 84% of Firms Say It Matters

Tokenized securities are becoming a core strategy for Wall Street financial institutions, a survey showed. CoinDesk reported on July 18 that a Broadridge survey of 200 financial-services executives in North America found 84% of respondents view real-

Uniswap Opens Vote to Expand Protocol Fees to v4, Robinhood Chain

Uniswap is holding a governance vote on proposals to expand the application of protocol fees across its decentralized exchange. The Block reported on July 18 that Uniswap governance had put two fee-related proposals to a vote. One proposal would appl

Morgan Stanley Files Amended S-1 for Spot Ether, Solana ETFs as Launch Nears

Morgan Stanley’s spot exchange-traded funds for Ether and Solana appear to be in the final stage of the listing process. Cointelegraph reported on July 18 that Morgan Stanley filed amended S-1 registration statements with the U.S. Securities and Exch