Uk Jin

Hayden Adams, the founder of the global decentralized exchange (DEX) Uniswap (UNI), stated, "Layer 2 is the optimal layer for decentralized finance (DeFi)." On the 26th, Founder Adams attended the 'WebX 2025 Conference' held in Tokyo, Japan, and said, "As the virtual asset industry is actively promoting Layer 2 development, Uniswap is also focusing on providing better services." He made these remarks. He added, "Ultimately, the goal is to enable asset issuers to create liquidity at a low cost through automated strategies, even without working with separate market makers."

Movements suggesting that the ancient whale intends to further sell Bitcoin (BTC) have been detected. On the 26th (KST), OnchainLens reported via X (formerly Twitter), "The ancient whale transferred 490 Bitcoins to Binance over the past 6 hours."

A coin designer, previously embroiled in controversy for designing multiple meme coins, has been revealed to have made significant profits from the YZY token launched by the famous American rapper Kanye West. According to The Block, a cryptocurrency-focused media outlet, on the 26th (KST), blockchain analytics firm Bubblemaps announced on X (formerly Twitter), "Multiple wallets were funded from centralized exchanges (CEX) the day before the YZY token launch," adding, "It was determined that several of these addresses are linked to Hayden Davis." Hayden Davis is at the center of the crash involving the Libra (LIBRA) token, which was a joint project with Argentine President Javier Milei. He is also suspected of being connected to the Melania (MELANIA) token, which he co-created with former U.S. First Lady Melania Trump. Addresses associated with Hayden Davis reportedly 'sniped' the YZY meme coin immediately upon its release (a method in which a newly released token is bought up using automated bots or smart contracts, with the intention to sell for profit). Bubblemaps stated, "It has not been confirmed whether Davis had insider information," but added, "At least 14 sniping addresses purchased a large quantity of tokens within 1 minute of launch, generating a profit of $12,000,000 (approximately ₩16.6 billion)."

As the cryptocurrency market experienced an overall sharp decline, a large number of futures positions were liquidated. According to Coinglass data at 9:05 a.m. (Korean time) on the 26th, a total of $904.58 million (approximately ₩1.2564 trillion) was liquidated in the cryptocurrency futures market over the past 24 hours. Of that, long positions (bullish bets) accounted for the majority at $818.94 million (about ₩1.135 trillion), while $85.63 million (about ₩118.8 billion) in short positions were liquidated. By asset, Ethereum (ETH) recorded the largest amount of liquidations. Over the last 24 hours, Ethereum futures positions totaling $324.25 million (about ₩450 billion) were liquidated. Bitcoin (BTC), Solana (SOL), Dogecoin (DOGE), and XRP followed in order of liquidation scale. Meanwhile, as of 9:10 a.m. that day, Ethereum was being traded at $4,354 on the U.S. cryptocurrency exchange Coinbase, down 8.51% from the previous day.

According to Alternative, a cryptocurrency data provider, on the 26th (KST), the Crypto Fear & Greed Index recorded 48 points, up 1 point from the previous day. As of 9:01 a.m., Bitcoin (BTC) was trading at $109,923 on CoinMarketCap, down 2.80% from the previous day. Altcoins saw even greater declines. At the same time, Ethereum (ETH) and XRP fell by 8.39% and 5.48%, respectively. Binance Coin (-4.22%), Solana (-9.09%), Tron (-5.44%), Dogecoin (-9.56%), and Cardano (-7.85%) also showed weakness. The Fear & Greed Index is an indicator that expresses market sentiment; the closer to 0, the more extreme the fear, and the closer to 100, the more extreme the greed. This index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market cap dominance (10%), and Google search trends (10%).

The unlock of World Liberty Financial (WLFI) tokens, a virtual asset (cryptocurrency) project supported by the Trump family, is expected to begin. On the 26th (KST), World Liberty Financial announced via its official X (formerly Twitter) account that the "World Liberty Financial Token Unlock Page Lockbox" has been launched. World Liberty Financial token holders can start the unlock by transferring their tokens to the Lockbox. The token claim is expected to open on September 1 at 8:00 a.m. (KST 9:00 p.m. on September 1).

A recent survey found that the adoption of virtual assets (cryptocurrencies) in the United States is rapidly spreading from younger generations to middle-aged and older adults. However, the complexity of platforms remains a challenge that needs to be addressed. On the 26th (Korea Standard Time), BeInCrypto, a media outlet specializing in virtual assets, cited a Crypto School survey, reporting that over 28% of new learners of virtual assets in 2024 were aged 40 or older. This represents an increase of 9 percentage points compared to the previous year (19%). Among respondents aged 40 and older, 39% cited retirement planning as the reason for learning about virtual assets, while many also mentioned studying virtual assets as a hedge against inflation. Nevertheless, the complexity of virtual asset platforms was pointed out as a problem. In fact, the proportion of middle-aged and older virtual asset owners in the United States turned out to be higher than the global average. According to the survey, Generation X accounted for 37% of virtual asset holders in the U.S., significantly surpassing the average of 13% in other countries. Ran Neuner, CEO of Crypto School, explained, "While the younger generation were the early adopters of virtual assets, now those aged 40 and older are showing active interest for their financial future." The media evaluated that "the expansion of adoption among middle-aged and older adults could further stimulate demand for virtual asset investment."

French semiconductor company and NASDAQ-listed firm Sequans Communications is expanding its Bitcoin (BTC) reserve strategy. On the 25th (local time), Sequans announced on its official website that it is launching an ATM (At The Market) offering of up to $200 million. The funds raised from the offering will be used for future Bitcoin reserves. Specifically, Sequans will sequentially sell its American Depositary Shares (ADS) in the market. Georges Karam, CEO of Sequans, said, "We have introduced this program in line with our strategy to make Bitcoin a major financial asset," adding, "We aim to enhance long-term shareholder value by optimizing our financial structure and increasing our Bitcoin holdings per share."

Easy Labs, operated by Changpeng Zhao, the co-founder of the world's largest cryptocurrency exchange Binance, is stepping up to support enterprises that accumulate Binance Coin (BNB) reserves. According to Cointelegraph, a leading cryptocurrency media outlet, on the 25th (local time), B Strategy announced plans to establish a Binance Coin treasury worth $1 billion in the United States. This initiative is being carried out with the support of Easy Labs. B Strategy stated, "We will secure capital through private investments with U.S.-listed companies," adding that, "Following the investment, these listed companies will directly acquire Binance Coin." Previously, Easy Labs also supported the Binance Coin treasury initiative of 10x Capital. In July, 10x Capital raised $250 million and has been accumulating Binance Coin reserves.

The decline in Bitcoin (BTC) and Ethereum (ETH) is intensifying. As of 6:22 AM (KST) on the 8th, Bitcoin is trading at $109,500 on CoinMarketCap, down 3.04% from the previous day. Ethereum's weakness is even more pronounced. At the same time, Ethereum is trading at $4,356, plummeting 9.39% from the previous day. In addition, all major cryptocurrencies such as XRP (-6.22%), Solana (-8.60%), and Dogecoin (-11%) are experiencing sharp drops.

There has been a claim that Bitcoin (BTC) will maintain a bull market for several years. According to Cointelegraph, a media outlet specializing in cryptocurrencies, on the 25th (KST), David Bailey stated on X (formerly Twitter) that "sovereign states, banks, insurance companies, corporations, and pension funds will come to hold Bitcoin," and asserted that "there will be no Bitcoin bear market for the time being." Bailey previously served as a cryptocurrency advisor to President Donald Trump. Bailey further emphasized, "Bitcoin still does not occupy even 0.01% of the total addressable market (TAM)," adding, "Large-scale institutional demand will begin in earnest." In fact, over the past two years, the inflow of institutional funds into Bitcoin has been increasing. Analyzing data from Bitcoin spot ETFs and companies holding Bitcoin reveals that, in the past two years, at least $100 billion in institutional funds has flowed into Bitcoin. However, some experts have presented opposing views. Breed, a U.S. venture capital firm, reported in June that "most corporate Bitcoin reserve strategies will not be sustained," predicting that this could trigger a bear market. CK Jung, Chief Investment Officer (CIO) of ZX Squared Capital, stated, "Crypto assets still have a high correlation with the stock market, so if stocks enter a bear market, crypto could follow suit." However, he added that "since there is a high probability the Federal Reserve will lower interest rates, the chance of entering a bear market in the short term is low."

According to the Token Mindshare (a metric quantifying the influence of specific tokens in the virtual asset market, Top Gainer) from the AI-based Web3 search platform Kaito, as of the 25th, the top five virtual asset-related keywords capturing the most public attention are Bitcoin (BTC), Ethereum (ETH), Hyperliquid (HYPE), Coinbase (COINB), and Monad (MONAD). The first and second places are held by Bitcoin, the leading cryptocurrency, and Ethereum, the leading altcoin. Investors are focusing on the divergent trends of these two assets. First, Bitcoin expanded its decline and gave up $113,000 during the session. After a post-Jackson Hole spike to $116,000, much of the gains were lost due to today's drop. In contrast, Ethereum hit a new intraday high of $4,950 overnight. Although it was on the verge of surpassing $5,000, it did not break through that threshold. Ethereum recovered above the $4,800 level following the Jackson Hole meeting and has maintained a strong uptrend so far. As of 1:11 p.m. today, Ethereum is trading at $4,721, down 1.33% from the previous day. The contrasting price moves of these two assets are thought to have been impacted by an anonymous whale’s 'Bitcoin sell, followed by Ethereum buy' transaction. According to analyst MLM, a longtime whale recently sold 18,142 BTC for $2,040,000,000. Using the proceeds, the whale bought Ethereum. So far, approximately 416,600 Ethereum have been purchased, along with the opening of 135,263 Ethereum perpetual futures long positions. Additionally, 275,500 Ethereum have already been allocated to staking. Hyperliquid took third place. Arthur Hayes, co-founder of BitMEX, drew investor attention by stating that 'Hyperliquid could rise up to 126 times.' Participating at WebX Summit in Tokyo, Hayes explained, 'Hyperliquid’s stablecoin expansion strategy could be the key driver of its growth,' and projected that 'by 2028 the global stablecoin supply could reach $10 trillion, with Hyperliquid commanding a 26.4% share.' Coinbase, a cryptocurrency exchange, ranked fourth. Finally, Monad rounded out the top five. Monad, listed in the Kaito Yapfer project, likely owes its ranking to increasing proactive participation from Yapfer investors. In addition, investors are also showing interest in Solana (SOL), OKB, Tether (USDT), DogeDog (DOG), and Bybit.

It has been found that large investors on Binance are buying Ethereum (ETH). On the 25th (Korea time), a Darkfost, CryptoQuant contributor, reported in a report, "Large investors on Binance are steadily buying Ethereum," adding, "In particular, since July, whale spot and futures buying activity has significantly increased." The contributor explained, "Whale investors often enter after a trend becomes clear," and added, "Indeed, even this time, buying started in earnest after the trend reversed." He continued, "Nevertheless, such strong accumulation can support an upward trend."

Japan's Metaplanet, formerly known as Strategy (previously MicroStrategy), has made an additional purchase of Bitcoin (BTC). On the 25th (local time), Metaplanet announced through its official X (formerly Twitter) account that it acquired 103 Bitcoins at an average price of ¥16,856,833 each. As a result, Metaplanet's total Bitcoin holdings have reached 18,991.

One of Japan's largest financial groups, SBI Group, announced on the 25th that it has formed a strategic partnership with blockchain infrastructure provider Chainlink (LINK). Through this collaboration, SBI and Chainlink plan to promote use cases centered on financial institutions in the Asia-Pacific region. Notably, these include tokenization of real estate and bonds, cross-chain interoperability protocol (CCIP) to support blockchain transactions, and delivery of on-chain Net Asset Value (NAV) data for tokenized funds. Additionally, SBI and Chainlink will propose solutions such as implementing Payment versus Payment (PvP) in cross-border transactions and transparent on-chain verification of stablecoin reserves through Chainlink's proof of reserves.

Arthur Hayes, co-founder of BitMEX, expressed a positive outlook on Hyperliquid (HYPE). On the 25th (local time), Hayes participated in the WebX Summit held in Tokyo, Japan, and stated, "Hyperliquid’s stablecoin expansion strategy could be the key growth driver," adding that "the Hyperliquid token could increase by up to 126 times." He projected that by 2028, the global stablecoin supply will reach $10 trillion, with Hyperliquid capturing a 26.4% share of the market. Furthermore, Hayes emphasized, "If this happens, Hyperliquid’s average daily trading volume could soar from the current $11.9 billion to $2.636 trillion," and "with a 0.03% fee rate applied, annual revenue could skyrocket to $25.8 billion." Previously, on the 15th, Hayes purchased 58,631 Hyperliquid tokens.