Uk Jin

Bitcoin Tops $72,000

Strategy Seen Buying About 8,000 More Bitcoin This Week

Strategy, the world’s largest corporate holder of Bitcoin, is estimated to buy about 8,000 more of the cryptocurrency this week. BitcoinTreasuries.net reported on Aug. 10 that Strategy is projected to purchase roughly 8,000 Bitcoin this week using fu

GOPAX Rolls Out Company-Wide Energy-Saving, Emergency Economy Campaign

GOPAX, a South Korean cryptocurrency exchange, said Aug. 10 that it will launch an "Energy-Saving and Emergency Economy Response Campaign" across the company as part of its corporate social responsibility efforts and a push to strengthen internal ope

Flare Proposes Cutting Annual Token Inflation to 3% From 5%

Flare, a decentralized finance protocol, has proposed a governance overhaul to sharply reduce token inflation. CoinDesk reported on April 10 that Flare plans to cut its annual token inflation rate to 3% from 5% and lower the cap on token issuance. Th

HSBC, Standard Chartered Granted Stablecoin Issuer Licenses in Hong Kong

The Hong Kong Monetary Authority said on April 10 that it had granted stablecoin issuer licenses to Standard Chartered and the Hongkong and Shanghai Banking Corp., or HSBC, under the Stablecoins Ordinance. The licenses took effect the same day. The t

Binance Weighs Relocating UAE Staff to Hong Kong, Tokyo and Other Asian Cities Amid War Fallout

Binance, the world’s largest cryptocurrency exchange, is weighing plans to relocate staff in the United Arab Emirates to major Asian cities as fallout from the war adds to regional uncertainty. Wu Blockchain reported on June 10 that Binance recently

Bitcoin Treasury Firm Nakamoto Seeks Reverse Stock Split to Stay on Nasdaq

Bitcoin treasury firm Nakamoto is pursuing a reverse stock split to prop up its battered share price and preserve its Nasdaq listing. CoinDesk reported on April 10 that Nakamoto said in a recent filing it plans to ask shareholders to approve a share

Coinbase CEO Urges Quick Passage of Clarity Act

Attention is focused on whether the Clarity Act, legislation aimed at giving the US digital-asset industry regulatory clarity, can clear Congress. Coinbase Chief Executive Officer Brian Armstrong, who had clashed over a provision barring interest on

OKX Ventures, HashKey Capital Invest in Vietnam Crypto Exchange CAEX

OKX Ventures and HashKey Capital are investing in CAEX, a Vietnam-based cryptocurrency exchange, and will join the company as partners. Blockhead reported on April 10 that the two firms are participating in an equity investment in CAEX and plan to co

Iran Parliament Weighs Permanent Ban on US-, Israel-Linked Tankers in Strait of Hormuz

Iran’s parliament is considering a plan to permanently bar tankers linked to the US and Israel from transiting the Strait of Hormuz, Iran International reported. Ebrahim Azizi, head of the Iranian parliament’s National Security Commission, said lawma

Bittensor Falls 17% After CovenantAI Exits Ecosystem

Bittensor (TAO) fell sharply during the session as heavy selling hit the token after CovenantAI announced it was leaving the ecosystem. As of 4:17 p.m. Korea time on May 10, Bittensor was trading at $267.42, down 17.07% from a day earlier, according

XRP Better Shielded From Quantum Computing Threat Than Bitcoin, Validator Says

Concerns over advances in quantum technology have become a major topic in the cryptocurrency market, with one XRP Ledger validator arguing that XRP is better protected from quantum computers than Bitcoin. CoinDesk reported on April 10 that XRP Ledger

Trump-Linked World Liberty Says Dolomite Borrowing Poses No Liquidation Risk

World Liberty Financial, the Trump family’s cryptocurrency project, dismissed concerns that its large borrowing position on decentralized-finance protocol Dolomite could trigger a liquidation. Crypto outlet The Block reported on April 10 that World L

Japan Approves Bill to Classify Crypto as Financial Products

Japan's government has approved a bill to classify crypto assets, or cryptocurrencies, as financial products. Nikkei reported on April 10 that the government approved an amendment to the Financial Instruments and Exchange Act at a Cabinet meeting. Th

Coinbase Introduces Usage-Based Billing for x402 Protocol

Coinbase is introducing a usage-based billing model for AI compute requests on its x402 protocol, allowing charges to reflect actual consumption. Cointelegraph reported on April 10 that Coinbase Developer Platform said on X, formerly Twitter, that it

Opengame Foundation to Start Vote on CROSS Mainnet 2.0 ‘Breakpoint’ Upgrade April 15

Opengame Foundation said April 7 that it will begin a governance vote on April 15 for "Breakpoint," the CROSS mainnet 2.0 upgrade. The proposal calls for a broad overhaul of the network’s operating model and reward structure. Ecosystem contributors w

Ethereum Korea Consortium to Hold 'EK1' Event in Seoul on May 16

The Ethereum Korea Consortium said on May 7 that it will host Ethereum Korea One, or EK1, on May 16 at DSRV's headquarters in Seoul's Gangnam district. The event will serve as a forum to discuss the vision for South Korea's Ethereum ecosystem and dir

Dunamu Chairman Song to Attend Trump-Hosted Mar-a-Lago Conference, Luncheon

Dunamu Chairman Song Chi-hyung will attend a conference and luncheon hosted by US President Donald Trump. TrumpMeme, the operator of Official Trump (TRUMP), and Dunamu said on May 7, Korea time, that Song is scheduled to attend the May 25 event at th

Bitcoin slides again on Trump’s hawkish remarks

Crypto Now Rebound also seen if Middle East tensions ease Bitcoin is wavering again after U.S. President Donald Trump’s hard-line remarks toward Iran. As hopes for an end to the war in the Middle East have faded, risk appetite across markets is rapid

[Key economic and crypto events for the week ahead] FOMC minutes and more

<Key economic events next week> ▶︎April 6 (Mon): △U.S. March ISM Non-Manufacturing PMI (Korea time 23:00, local time 10:00) ▶︎April 7 (Tue): None ▶︎April 8 (Wed): △U.S. crude oil inventories (Korea time 23:30, local time 10:30) △Federal Open Market C

Crypto market treads water ahead of hearing for new Fed chair nominee

Crypto (virtual asset) market investors are maintaining a cautious stance ahead of the Senate confirmation hearing for Kevin Warsh, the nominee for the next chair of the U.S. Federal Reserve (Fed). According to Cryptopolitan on the 5th (Korea time),

After Trump announces "pilot rescue"… Iran claims it shot down a U.S. aircraft

IRGC: "U.S. aircraft shot down south of Isfahan" Iran claimed it shot down a U.S. aircraft that was tracking the pilot of a U.S. F-15 fighter jet. The announcement came shortly after U.S. President Donald Trump said one of the downed jet’s crew membe

Grayscale: “Major altcoins entering a bottoming zone…a buying opportunity”

Grayscale, a digital-asset (cryptocurrency) specialist asset manager, said major altcoins are nearing historic low levels and argued that investors should treat this as a buying opportunity. According to crypto media outlet BeInCrypto on the 5th (Kor

Japan Exchange Group considers limiting index inclusion for companies with high virtual-asset holdings

Japan Exchange Group (JPX) is reportedly considering measures to restrict index inclusion for companies that hold more than half of their corporate assets in virtual assets (cryptocurrencies). In Japan, a number of companies—including Metaplanet—have

"Bitcoin bearishness hits highest level in five weeks…could be a rebound signal"

Investor pessimism toward Bitcoin (BTC) has surged to its highest level in five weeks. According to Cointelegraph, a cryptocurrency-focused outlet, on the 5th (Korea time), crypto analytics firm Santiment said the share of negative opinions related t

"Bitcoin can be hacked in 9 minutes"…Industry moves to secure quantum-computing countermeasures

As research suggests that quantum computers could neutralize Bitcoin’s (BTC) core security framework in just minutes, developers are reportedly beginning work on “quantum-proof” technology. According to CoinDesk on the 5th (Korea time), Google said i

Polymarket odds of 'US troops entering Iran in April' hit 96%…up 35 points from prior day

As the war between the United States and Iran drags on, the odds in prediction markets that US ground forces will enter Iran within April have surged. According to Polymarket on the 5th (Korea time), the probability of US troops entering Iran this mo

How the Drift hack unfolded… “Contact with North Korea-linked individuals at conferences”

Solana (SOL)-based crypto decentralized exchange Drift (DRIFT) suffered a hacking incident midweek, with North Korea being cited as a prime suspect. In particular, investigators reportedly found that the Drift team had contact with North Korea-linked

Western Union to Acquire Digital Wallet Service Dash

Global remittance firm Western Union said on the 5th that it has completed the acquisition of Singapore-based digital wallet Dash. The acquisition secures a digital wallet platform with more than about 1.4 million users. Launched in 2014, Dash offers

"Bitcoin Outperformed Gold and Stocks Amid Global Shocks"

An analysis has found that Bitcoin (BTC) tends to post higher returns than gold and equities amid global economic and geopolitical shocks. According to CoinDesk, a cryptocurrency-focused outlet, on the 5th (Korea time), crypto exchange Mercado Bitcoi