Uk Jin

BlackRock: “Claims of massive liquidations from Bitcoin ETFs?…Not true”

As spot Bitcoin exchange-traded funds (ETFs) are being cited as one of the key factors behind Bitcoin (BTC)’s recent weakness, BlackRock, the manager of the largest spot Bitcoin ETF, IBIT, pushed back against that narrative. According to the industry

Strategy preferred shares rebound to $100 in two weeks… “Expected to expand capacity to buy bitcoin”

STRC, the preferred stock issued by Strategy, the world’s largest corporate holder of bitcoin (BTC), has recovered the $100 level in about two weeks. According to Cryptopolitan on the 13th (Korea time), STRC rose as high as $100.03 intraday, moving b

[Analysis] "Bitcoin deposits into Binance top $7.5 billion… similar to past bear markets"

In the bitcoin (BTC) market, an increase in exchange inflows and a simultaneous decline in the supply of stablecoins (cryptoassets pegged to the value of fiat currencies) have been observed, raising the possibility of a liquidity squeeze. On the 13th

Mirae Asset Consulting secures 92% stake in Korbit

Mirae Asset Consulting has acquired the stake in virtual asset exchange Korbit previously held by NXC and SK Planet. According to a disclosure filed with DART on the 13th (Korea time), Mirae Asset Consulting reported that it acquired 26,905,842 commo

Lucentblock rebuts FSC assessment criteria: "The 51% stake claim is not true"

Lucentblock, which failed to pass the preliminary licensing review for an over-the-counter exchange for fractional investing, raised questions over the Financial Services Commission’s (FSC) assessment. On the 13th (Korea time), Heo Se-young, CEO of L

US prosecutors warn of crypto-targeting ‘romance scams’ ahead of Valentine’s Day

Concerns have been raised that romance scams targeting virtual assets (cryptocurrencies) could surge ahead of Valentine’s Day. According to Decrypt on the 13th (Korea time), the U.S. Attorney’s Office for the Northern District of Ohio said in a notic

Anonymous whale investor deposits 10,700 Bitcoin to Binance over the past three days

A whale investor has been found to have deposited a large amount of Bitcoin (BTC) to Binance. According to The Data Nerd on the 13th (Korea time), a wallet address starting with "3NVeX" deposited 2,535 Bitcoin to Binance about two hours ago. The whal

Israel arrests two military personnel accused of betting on Polymarket using classified information

A case of misuse of prediction markets has emerged in Israel. According to Cointelegraph, a virtual-asset (cryptocurrency) news outlet, Israeli authorities have arrested and indicted two military personnel for placing bets on Polymarket using classif

Gangnam Police Station loses 22 bitcoins held in custody

According to industry sources on the 13th (Korea time), 22 bitcoins (BTC) that the Seoul Gangnam Police Station had been holding during an investigation were leaked outside. The Gangnam Police Station had been keeping the 22 bitcoins after receiving

XRPL expands escrow coverage to all issued tokens, including stablecoins

Ripple’s blockchain, the XRP Ledger (XRPL), has rolled out an upgrade that extends its escrow feature to all issued tokens. According to BeInCrypto on the 13th (Korea time), the XRPL team said it activated the “XLS-85” amendment the previous day. The

Russia Approves Framework for Real-World Asset Tokenization

Russia’s government has reportedly formally approved a framework to tokenize real-world assets—including real estate and intellectual property (IP)—using blockchain technology. According to CoinDesk on the 13th (Korea time), Russia’s Ministry of Fina

ETHZilla Launches Aircraft Jet Engine Token

ETHZilla (ETHZilla), a crypto reserve company, is launching a token backed by jet engines leased to U.S. airlines as the underlying asset. According to Cointelegraph, a crypto-focused media outlet, on the 13th (Korea time), ETHZilla said it will issu

Bitcoin falls below $66,000

Matrixport: “Bitcoin Has Entered a Bear Market…The Real Bottom Is Still Ahead”

As Bitcoin (BTC) continues to trend lower, an analysis has emerged that the market has entered a bear phase. In particular, it argues that Bitcoin has not yet reached the price floor that marks the cycle low. On the 13th (Korea time), crypto (cryptoc

KRWQ, First Digital to pursue strategic cooperation… expanding accessibility to 'Wonsco'

First Digital, a digital-asset infrastructure company, said on the 13th that it will pursue strategic cooperation with KRWQ to expand access to a won-denominated stablecoin (a digital asset pegged to the value of fiat currency). KRWQ is a fully colla

Evernorth: “XRP Is Central to Next-Generation Finance…A Downturn Is a Buying Opportunity” [Cointerview]

“We believe XRP will be a core asset in building next-generation financial products. Evernorth has begun accumulating XRP to address problems in today’s financial system.” Asheesh Birla, founder of Evernorth, said this in an interview with BloombergB

Plume Network: “Korea is an attractive tokenization market…we’ll pursue it in line with regulations”

Plume Network, a blockchain-based real-world asset tokenization (RWA·Real World Asset) project, signaled direct interest in the Korean market. In particular, Plume CEO Chris Yin said the company plans to closely monitor Korea’s regulatory environment

Plume CEO: "RWA made major strides last year…future growth hinges on end users"

As real-world asset tokenization (RWA·Real World Asset) surged last year and drew attention across global finance, a view has emerged that broader participation from everyday users is needed for the RWA market to advance further. On the 12th, Chris Y

"Ghost coin not just a simple fat-finger"…Lawmakers lambast Bithumb and regulators alike

National Assembly’s Political Affairs Committee diagnoses the ‘Bithumb incident’ Shock from erroneous payout of 620,000 ‘ghost bitcoins’ "Not a simple fat-finger but systemic shortcomings" Questions of regulators’ responsibility too…"due to a regulat

People Power Party: 'Bithumb incident—financial regulators also bear responsibility'

Kang Myung-gu, a lawmaker of the People Power Party, raised the issue of accountability by financial authorities over the Bithumb incident. On the 11th, Rep. Kang attended a plenary meeting of the National Policy Committee held at the National Assemb

Kim Sang-hoon, Min Byeong-deok: “The Bithumb incident has nothing to do with curbs on major shareholders’ stakes at exchanges”

Criticism has emerged that the Financial Services Commission (FSC) may be using Bithumb’s erroneous Bitcoin (BTC) payout incident as a pretext to push for limits on the ownership stakes of controlling shareholders at virtual-asset (cryptocurrency) ex

Bithumb: "We will increase user compensation related to this incident"

Bithumb, a virtual asset (cryptocurrency) exchange, said it will increase compensation for users in connection with the erroneous Bitcoin (BTC) crediting incident that occurred on its platform last week. On the 11th, Lee Jae-won, CEO of Bithumb, atte

FSC: 'Bithumb incident exposes vulnerabilities in crypto exchange systems… comprehensive review of internal controls'

South Korea’s Financial Services Commission (FSC) said it will move to inspect exchange systems following a recent incident at cryptoasset (cryptocurrency) exchange Bithumb involving the erroneous transfer of Bitcoin (BTC). On the 11th, Kwon Dae-youn

XRP jumps 20% on domestic exchanges…Bitcoin retakes the 100 million won level

XRP is showing strength intraday. On the 6th (Korea time), XRP was trading at 2,149 won on Upbit, a domestic digital-asset exchange, up 19.92% from the previous day. At the same time, Bitcoin (BTC) was also up 8% from the previous day, at 100,040,000

Galaxy Digital to pursue $200 million share buyback

According to PR Newswire, global digital-asset financial firm Galaxy Digital said on the 6th it will pursue a share buyback worth $200 million (about 260 billion won). Specifically, Galaxy Digital said its board has authorized the repurchase of up to

Hit hard by the bear market? Citi sharply cuts Coinbase price target

US investment bank Citigroup has sharply lowered its price target for cryptocurrency exchange Coinbase. The move comes as risk-off sentiment has gripped the broader crypto market, sending trading volumes plunging. According to CoinDesk on the 6th (Ko

Bithumb suspected of mistakenly paying out Bitcoin in event rewards… “Currently checking”

Bithumb, a South Korean digital-asset exchange, is reportedly in the process of clawing back a large amount of Bitcoin (BTC) after mistakenly paying it out during the distribution of event rewards. According to industry sources on the 6th, Bithumb ra

Russia’s largest bank Sberbank seeks to roll out crypto-backed lending

Russia’s largest bank Sberbank is preparing to launch corporate loan products backed by digital assets (cryptocurrencies), Reuters reported on the 5th (local time). According to Reuters, a Sberbank spokesperson said demand from corporate clients is s

Bitcoin touches 100 million won on domestic exchanges

Bitcoin tops $67,000