Uk Jin

Stablecoins to Be Excluded From Corporates’ Crypto Investment Scope?… FSC Says “Groundless”

South Korea’s Financial Services Commission (FSC) drew a line against reports that it has decided to exclude stablecoins—cryptoassets pegged to fiat currencies—from the types of virtual assets (cryptocurrencies) that corporates would be permitted to

"Spark estimated to have begun SPK token buybacks"

Spark (SPK), a decentralized finance (DeFi) lending protocol, is estimated to have carried out a token buyback. On the 7th (KST), on-chain analyst AmberCN said on X (formerly Twitter), "After recently moving 570,000 USDS to a new multisig wallet, Spa

KITE hires former PayPal head of AI products Ehsan Yousefzadeh

KITE said on the 7th that it has appointed former PayPal executive Ehsan Yousefzadeh as its new head of product. Yousefzadeh previously served at PayPal as a senior director and head of AI products, leading projects including agentic commerce, an age

XRP Spot ETF Sees $16.6 Million in Net Outflows…Second Straight Session

Net outflows were recorded from spot exchange-traded funds (ETFs) tied to XRP. According to Sosovalue on the 6th (local time), XRP spot ETFs posted total net outflows of $16.6 million on the day. The products had logged net outflows of $6.2 million t

Euro Stablecoins’ Market Cap Tops $1 Billion

The market capitalization of euro-pegged stablecoins (digital assets whose value is linked to fiat currency) has surpassed $1 billion for the first time. On the 7th (Korea time), EDnews, citing data from the data platform Token Terminal, reported tha

Iranian President: ‘No Unconditional Surrender’…Urges National Unity

As U.S. President Donald Trump signaled a hard-line stance toward Iran, Iranian President Masoud Pezeshkian also made clear that there would be “no unconditional surrender.” According to China’s CCTV on the 7th (Korea time), Pezeshkian said in a nati

US cyber strategy includes ‘protection of virtual assets and blockchain’… industry interpretations split

Virtual assets and blockchain technology were mentioned in the US National Cyber Strategy of President Donald Trump, who has stressed a pro-virtual asset (cryptocurrency) stance since before taking office. According to Cointelegraph, a virtual-asset

[Market] Bitcoin gives up $68,000… “Stronger dollar and rate uncertainty dampen risk appetite”

Bitcoin (BTC) weakness is extending into the weekend. The pullback is seen as driven by risk appetite retreating amid geopolitical risks stemming from the Middle East war and a stronger dollar. As of 3:30 a.m. on the 7th (KST), Bitcoin is trading on

Ethereum Spot ETFs See $82.9 Million in Net Outflows

Net outflows were recorded from Ethereum (ETH) spot exchange-traded funds (ETFs). According to SosoValue on the 6th (local time), Ethereum spot ETFs posted net outflows of $82.9 million on the day. Fidelity’s FETH saw $67.8 million in net outflows, f

Lee Eok-won, chair of the Financial Services Commission, to directly lead sanctions over virtual asset incidents and accidents

Lee Eok-won, chair of the Financial Services Commission (FSC), is expected to personally review incidents and accidents related to virtual assets (cryptocurrencies). According to financial authorities on the 6th, the FSC on the 4th announced a notice

Bitcoin gives up $69,000

Trump: “No talks with Iran… must surrender unconditionally”… keeps hardline stance

US President Donald Trump has flatly ruled out the possibility of negotiations with Iran. On the 6th (Korea time), Trump wrote on his social media platform Truth Social that “there will be no deal with Iran,” adding that “there are no talks other tha

US January retail sales down 0.2% m/m…slightly above expectations

US retail sales fell 0.2% from the previous month last month, coming in above market expectations. The US Department of Commerce said on the 6th (local time) that US retail sales in January declined 0.2% m/m. The figure was 0.1 percentage point above

US February nonfarm payrolls fall by 92,000, far below expectations

Last month’s US employment data came in well below market expectations. The US Department of Labor said on Feb. 6 (local time) that nonfarm payrolls fell by 92,000 in February from the previous month. That was far weaker than the market forecast of 5

"Prediction markets show limits in 'Iran-related betting'…still not enough to draw institutional participation"

A large amount of money flowed into related bets on decentralized prediction markets over the war between the United States and Israel and Iran that began on the 28th. However, an analysis found that liquidity and scale are still insufficient for ins

Binance releases February proof of reserves

Binance, the world’s largest digital asset (cryptocurrency) exchange, has released its proof of reserves for February. On the 6th (Korea time), Binance said via its X (formerly Twitter) account, “Under Binance’s Proof of Reserves system, user assets

Bitcoin gives up $70,000

Bank of Canada tests tokenised bond issuance with major banks

The Bank of Canada has completed a pilot with major commercial banks to issue and trade tokenised bonds. According to CoinDesk on the 6th (KST), the central bank said it had concluded “Project Samara,” a joint initiative with leading domestic financi

47,700 Bitcoins Withdrawn From Exchanges This Week… “Possible Large-Scale Buying”

Bitcoin (BTC), the bellwether cryptocurrency, appears to have been withdrawn from exchanges in large volumes. On the 6th (Korea time), crypto news outlet Cointelegraph, citing a report by Axel Adler Jr., a contributor at CryptoQuant, reported that ab

Kazakhstan’s central bank to pursue crypto-asset investments of up to $350 million starting in April

Kazakhstan’s central bank is reportedly considering investing part of its foreign exchange reserves in crypto assets (cryptocurrencies). On the 6th (Korea time), Reuters reported that Timur Suleimenov, governor of the National Bank of Kazakhstan, sai

Russia weighs allowing banks and securities firms to run crypto exchanges under a notification-based regime

The Bank of Russia is considering introducing a “notification-based” regime that would allow banks and securities firms holding existing financial licenses to operate virtual-asset (cryptocurrency) exchanges without a separate approval process. Accor

[Analysis] "Gold and silver now trade on crypto exchanges…surge in perpetual futures for traditional assets"

An analysis suggests that crypto (cryptocurrency) exchanges are expanding into traditional finance (TradFi) derivatives venues. On the 6th (Korean time), crypto analytics firm CryptoQuant said in a report that "Binance’s perpetual futures for traditi

Vancouver faces risk of scrapping Bitcoin reserve plan amid opposition from city administrators

The City of Vancouver, Canada, has run into resistance from the city administration over its long-pursued plan to introduce a Bitcoin (BTC) reserve. According to Cointelegraph, a digital-asset news outlet, on the 6th (Korea time), many Vancouver city

SEC moves to rein in high-leverage ETFs…sparking ‘consistency’ debate as crypto ETFs proliferate

The U.S. Securities and Exchange Commission (SEC) is tightening regulation of high-leverage exchange-traded funds (ETFs). The move is fueling a debate over the consistency of the SEC’s regulatory standards, given that it has approved a series of ETFs

DarwinKS joins hands with HomesPay to pursue ‘rent payments by foreign residents’ using stablecoins

DarwinKS said on the 6th that it is pushing ahead with the development of an ‘MTM (multi-digital automated teller machine)-based payment service for foreign users’ with real-estate payments fintech firm HomesPay. DarwinKS is a company that has obtain

Bitcoin tops $71,000

Standard Chartered appoints new head of digital assets for Asia

British lender Standard Chartered is said to be weighing an expansion of its digital-asset business in Asia, including by appointing a new executive to lead the relevant division. According to Blockhead on the 6th (Korea time), Standard Chartered sai

Bitwise CIO: “Don’t jump the gun on an alt season…expect selective gains”

A forecast has emerged that it will be hard to see another “alt season,” a phenomenon in which altcoins—cryptoassets other than Bitcoin (BTC)—surge broadly across the market. According to crypto-focused outlet Cointelegraph on the 6th (Korea time), M

[Today's Key Economic & Crypto Calendar] US February Nonfarm Payrolls, etc.

<Today's Key Economic Calendar> ▶︎ Fri (6th): △Korea February Consumer Price Index (08:00), △US January Retail Sales (07:30 local time, 21:30 Korea time), △US February Nonfarm Payrolls (08:30 local time, 22:30 Korea time), △US February Unemployment R

XRP Whale Investors Accumulate 4.18 Billion Tokens Since October Crash

With XRP still trading at relatively low levels versus its peak, signs have emerged that large investors have been conducting sizable accumulation. On the 6th (Korea time), The Crypto Basic, citing Santiment data, reported that from the time the shar