Uk Jin

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

Goliath Ventures files for Chapter 11 bankruptcy; founder arrested last month

Goliath Ventures, a cryptocurrency company headquartered in Orlando, Florida, has reportedly filed for Chapter 11 bankruptcy following the arrest of its founder on fraud allegations. Chapter 11 is a bankruptcy process in which a company continues ope

Iranian president: 'No pre-emptive strike, but retaliation will be resolute…do not tolerate hostile forces’ activities'

Iranian President Masoud Pezeshkian reaffirmed Iran’s position that it will not carry out a pre-emptive strike, while vowing a strong response to any attack on the country’s infrastructure and economic hubs. In a post on X (formerly Twitter) on the 2

Polymarket, expanding its footprint in prediction markets, partners with livestreaming platform Party.com

Polymarket, a global prediction-market platform, said on the 28th that it has partnered with livestreaming platform Party.com to roll out a feature that allows users to participate directly in prediction markets during live broadcasts. With the integ

Early Bitcoin investor deposits 500 BTC to exchange, likely for sale

An early investor who bought large amounts of Bitcoin (BTC) at low prices in 2013 has deposited Bitcoin to an exchange. According to on-chain data analytics firm Arkham on the 28th (Korea time), the whale deposited 500 BTC to Binance the previous day

[Analysis] "Bitcoin may struggle to reclaim its peak this year if it falls below $60,000"

An analysis suggests that if Bitcoin (BTC) falls below $60,000, a recovery to its previous peak could be delayed until 2027. According to CoinMarketCap, a website that provides cryptocurrency market data, Bitcoin was trading at $66,471 as of 5:15 p.m

Hacking-hit UXLINK seeks to weather crisis with AI, unveils AI engine 'X-AGENT'

UXLINK (UXLINK), a Web3 social platform that suffered a major hacking incident last year and saw its token value plunge, is turning to artificial intelligence (AI) in a bid to navigate the crisis. On the 28th (Korea time), UXLINK unveiled its AI-powe

[Breaking] Yemen’s Houthis: “Carried out first military operation against Israel”

According to Al Jazeera on the 28th (KST), Yahya Saree, spokesperson for Yemen’s Houthi rebels, said they had “carried out the first military attack against Israel.” Specifically, the Houthis claimed they fired several ballistic missiles at military

Ruling and opposition lawmakers on digital-asset policy bodies say their coin holdings are 'small amounts'

Most lawmakers serving on key bipartisan bodies at the National Assembly that discuss digital-asset policy were found not to hold virtual assets (cryptocurrencies). According to lawmakers’ asset-change filings disclosed on the 26th, many members of t

Will XRP extend its strong April streak… “Up 24% on average”

Attention is turning to whether XRP, which has been showing persistent weakness recently, can turn bullish in April, as it has posted a strong performance in April over the past few years. As of 3:31 p.m. KST on the 28th, according to CoinMarketCap,

Ripple Introduces AI to Enhance XRP Ledger Security

Ripple, a blockchain-based cross-border remittance project, said on the 28th it will introduce artificial intelligence (AI) to strengthen security on its blockchain network, the XRP Ledger. Ripple plans to improve its development framework by using A

SIREN surges 63% on bargain-hunting

SIREN is surging in intraday trading. As of 3:10 p.m. KST on the 28th, SIREN was up 63.11% from the previous day to $1.66, according to CoinMarketCap. SIREN had plunged 50% the previous day.

Bitdeer sells entire output after mining 146 bitcoins this week

Bitcoin (BTC) mining firm Bitdeer said on X (formerly Twitter) on the 28th (Korea time) that it had disclosed its bitcoin mining results for the week. According to the released data, Bitdeer mined a total of 146 bitcoins this week and then sold all o

Ripple founder bets 1.5 trillion won on artificial general intelligence

Jed McCaleb, the founder of the crypto-asset project Ripple and Stellar (XLM), has made a major investment push into artificial intelligence (AI) development. According to Forbes on the 27th (Korea time), McCaleb is advancing an artificial general in

Tether trades at 1,517 won on domestic crypto exchanges

Tether (USDT), a stablecoin whose value is pegged to the US dollar (a digital asset pegged to a fiat currency), is trending higher. As of 10:40 p.m. KST on the 27th, Tether was trading at 1,517 won on Upbit, up 8 won from the previous day. At the sam

Bitcoin hits a three-week low… some see $41,000 amid oil-price risks

Bitcoin (BTC) is weakening amid geopolitical tensions emanating from the Middle East, fueling concerns that it could fall further. As of the 27th (Korea time), Bitcoin was down 4% from the previous day at $66,800, according to cryptocurrency market-t

Trump ally: "Iran war expected to continue for several more weeks"

[Analysis] "Bitcoin retail investors are more active, but their market share remains flat"

Bitcoin (BTC) retail investors are showing a clear increase in activity, but their share of the market still remains at a negligible level. On the 27th (Korea time), a CryptoQuant contributor at GizCrypto analyzed that "a gap is emerging in retail in