Uk Jin

"Institutional investors sharply cut Ethereum ETF exposure in Q4"

Institutional investors significantly reduced their Ethereum (ETH) exposure in the fourth quarter, according to data. On the 27th (KST), Bloomberg exchange-traded fund (ETF) analyst James Seyffart said on X (formerly Twitter) that "most institutions

Tax Agency Press Release Leaks Wallet Mnemonic Key... “Signs of $4.8 Million Theft”

It has been confirmed that PRTG tokens worth about $4.8 million were stolen using a mnemonic phrase (a recovery phrase for a virtual-asset wallet) included in an image attached to a press release published by the National Tax Service. According to Ch

Ripple XRP Ledger flags a 'critical flaw' just before pushing an update to mainnet

A critical security vulnerability was found in Ripple’s blockchain network, the XRP Ledger (XPRL), in an update slated for mainnet deployment, but it was reportedly identified and fixed before formal activation. According to Cointelegraph on the 27th

"Australia sees growing digital-asset investors…but cooperation with banks remains a 'challenge'"

Australia’s digital-asset market is making progress as user numbers rise and the regulatory framework is refined, but structural challenges—including greater openness from the banking sector—remain, industry voices said. According to digital-asset ou

'Insider trading' Axiom: Did it also reap extra gains from prediction-market bets... "Possible leak of advance information"

As prominent digital-asset sleuth ZachXBT recently exposed alleged insider trading at Solana (SOL)-based exchange Axiom (AXIOM), signs have emerged that some individuals linked to Axiom booked outsized profits on Polymarket, where bets tied to the ma

Exchange rules on major shareholder stakes spark legitimacy and fairness debate… “Out of step with President Lee’s policy stance”

Industry and legal circles have raised questions about the rationale behind the Financial Services Commission’s proposed regulation to cap major shareholders’ stakes in digital-asset exchanges. Critics say that, contrary to the stated policy goal of

"For won-denominated stablecoins, what is needed is a bank-deposit-backed collateral structure—not bank-led issuance"

As an industry-wide act covering the market at large—including digital-asset issuance and disclosures as well as exchange regulation—is set to be fleshed out next month, a proposal has been raised on a key issue: a 'bank-centric stablecoin issuance s

Ruling and opposition parties: "Digital-asset regulation must prioritize innovation…Oppose bank-led stablecoins and curbs on exchange controlling shareholders"

"Regulation of controlling shareholders’ stakes in exchanges is a constraint that tightens the screws on the digital-asset market—something without precedent in global markets. If mishandled, it could undermine confidence in Korea’s digital-asset mar

Tariff ruling failed to move the needle…‘fear of uncertainty’ spreads across the crypto market

The virtual asset (cryptocurrency) market, which had plunged on the back of the U.S. reciprocal tariff measures, is still showing no clear signs of recovery even after a court ruling found the tariffs illegal. The market is increasingly viewing the u

Ruling party’s digital asset TF to accept compromise on equity caps, stablecoins… aims to finalize unified bill in early March

Meeting of the Digital Asset TF members and advisory panel Signals room for compromise on “banks 50%+1” and exchange equity restrictions “Speed over perfection” “Goal is to introduce a unified bill in early March through party-government consultation

DPK Digital Assets TF: "Gathering advisers’ input for the final draft… will reiterate our position to the policy committee"

The Democratic Party of Korea’s (DPK) Digital Assets Task Force (TF), launched to advance Phase 2 digital-asset legislation, has begun collecting input from its advisory members to finalize its draft. With the party’s policy committee having said it

Signs of a credit-market crisis sparked by U.S. asset manager Blue Owl… “Could trigger a Bitcoin bull market”

Tension is rippling through financial markets after U.S. private equity firm Blue Owl Capital, which has been increasing investments in private loans to the IT sector, decided to permanently halt redemptions for one of its managed funds while moving

"Hong Kong asset-backed RWAs not subject to mainland China regulation… mainland-based assets tightly controlled"

Although Chinese authorities recently reaffirmed their ban on virtual assets by releasing a “Notice on Preventing Risks Related to Virtual Assets (Cryptocurrencies),” an interpretation has emerged that real-world assets (RWAs) based on Hong Kong asse

Missouri to send strategic Bitcoin reserve bill to state House Commerce Committee

A bill in the US state of Missouri to designate Bitcoin (BTC) as a strategic reserve asset has entered the legislative process. On the 21st (KST), Bitcoin.com News reported on X (formerly Twitter) that “the Missouri Legislature has referred House Bil

Aave’s internal rift deepens… token briefly plunges 6% intraday after key developer exits

Governance tensions within the Aave (AAVE) ecosystem of the decentralized finance (DeFi) lending protocol appear to have escalated to the point that a key developer has announced it will not renew its contract. According to crypto asset (cryptocurren

[Analysis] "Bitcoin hits record 'realized losses'…potential bottom signal"

With Bitcoin (BTC) stuck in a bear market, selling volume has reportedly surged to an all-time high. Some observers say this could indicate the market may be nearing a short-term bottom. On the 21st (Korea time), crypto (digital asset) analyst Michaë

Uzbekistan Issues Mining License to NexaGrid…First Official Authorization in the Country

Uzbekistan, a Central Asian country, has issued its first-ever virtual asset (cryptocurrency) mining license. On the 21st (Korea time), Cryptopolitan, citing local media, reported that “NexaGrid” has officially received a virtual asset mining license

Bitcoin spot ETFs log net outflows for a fifth straight week…“$3.8 billion has exited”

Bitcoin (BTC) spot exchange-traded funds (ETFs) again failed to stage a turnaround in weekly fund flows this week. On the 21st (Korea time), digital asset news outlet Cointelegraph, citing SosoValue data, reported that roughly $315.9 million in net o

Ethereum Classic surges 15% from previous day

Ethereum Classic (ETC) is surging during the session. As of 6:05 p.m. on the 21st (KST), Ethereum Classic is trading at $9.55, up 14.94% from the previous day. Trading volume also spiked amid the intraday rally. Ethereum Classic’s trading volume is u

IoTeX plunges intraday on suspected hacking incident

IoTeX (IOTX) tumbled intraday. Market participants are claiming the project has suffered a hack. As of 5:50 p.m. KST on the 21st, IoTeX was down 7.41% from the previous day at $0.004963, according to CoinMarketCap. The drop is being attributed to an

[Analysis] "Dogecoin forms resistance at $0.10…a breakout could pave the way for a rebound"

Market attention is on whether Dogecoin (DOGE), the bellwether memecoin, can extend its rally after a modest intraday gain. As of the 21st (Korea time), Dogecoin was up 1.30% from the previous day at $0.10, according to CoinMarketCap. Gary Pons, a co

"Bitcoin Underperforms This Cycle... The Reason Is AI"

Bitcoin (BTC) has been flagged as underperforming expectations in the current upcycle, with the backdrop attributed to a capital shift into artificial intelligence (AI)-related stocks. According to CoinDesk on the 21st (Korea time), macro strategist

Wintermute CEO warns: "Crypto is forgetting its original purpose amid price obsession"

Evgeny Gaevoy, chief executive officer (CEO) of Wintermute, a global crypto-asset (cryptocurrency) trading firm, recently pointed out that the crypto industry is moving in the wrong direction. According to Coinpedia, a crypto-focused media outlet, Ga

Japan’s SBI to Issue Blockchain-Based Bonds… Investors to Receive XRP as Rewards

Japan’s financial conglomerate SBI Holdings has unveiled a product that issues blockchain-based bonds and rewards investors with XRP. According to The Crypto Basic on the 21st (KST), SBI Holdings said it will issue security tokens worth 10 billion ye

[Analysis] "Retail investors keep buying Bitcoin…a rally needs institutional demand"

As Bitcoin (BTC) continues to fluctuate around the $60,000 level, analysis suggests that participation by large investors is needed for a sustained upswing. On the 21st (Korea time), cryptocurrency news outlet CoinDesk, citing data from on-chain anal

Uniswap founder: “Impersonation sites keep appearing…still not resolved despite years of reports”

Ads impersonating decentralized exchange (DEX) Uniswap (UNI) are proliferating across multiple platforms, it has emerged. In response, Uniswap founder Hayden Adams stepped forward to urge investors to be cautious. According to Cointelegraph, a digita

Sonic Labs CEO resigns…shift to a board-led structure

On the 21st (KST), Sonic Labs said that Chief Executive Officer (CEO) Mitchell Demeter stepped down effective that day. Evan Owens, head of business development, also left the company. According to a post on X (formerly Twitter), Sonic Labs is search

US flash February manufacturing PMI at 51.2, slightly below market expectations

The US flash February manufacturing purchasing managers' index (PMI) came in below market expectations. The flash February manufacturing PMI released by S&P Global on the 20th (local time) stood at 51.2, slightly under Wall Street forecasts (52.4). T

Sam Bankman-Fried: “FTX Wasn’t Insolvent… Lawyers Filed for Bankruptcy on Their Own”

Sam Bankman-Fried (SBF), founder of the bankrupt crypto exchange FTX, pushed back against the controversy surrounding himself and FTX. On the 20th (Korea time), SBF wrote on X (formerly Twitter) that “FTX was not insolvent at the time, and it’s not t

'Insider whale' moves 5,000 bitcoin to an exchange just before key macro data release

As major U.S. macroeconomic indicators were released one after another on the 20th (local time), a well-known Bitcoin (BTC) whale was found to have deposited a large amount of bitcoin to an exchange shortly before the data release. Lookonchain said o