Uk Jin

China bans offshore issuance of yuan stablecoins across the board

China has moved to tighten regulation of crypto assets by imposing a blanket ban on the offshore issuance of yuan-pegged stablecoins. The People’s Bank of China (PBOC) said on the 6th that it, together with government agencies including the National

"Digital asset market catches its breath, but risks still loom"

Bitcoin (BTC), the bellwether of digital assets, has attempted a rebound after a sharp plunge, but forecasts suggest the recovery could be limited due to macroeconomic uncertainty and deteriorating investor sentiment. On the 6th (KST), digital asset

ARK Invest buys Bullish after selling Coinbase shares

U.S. asset manager ARK Invest sold a large block of Coinbase shares and bought shares of Bullish amid a sharp selloff in the digital-asset market. According to CoinDesk on the 6th (Korea time), ARK Invest sold 119,236 shares of Coinbase during the pr

Ki Young Ju: “Bitcoin faces higher risk of cascading liquidations if there is no rebound within a month”

Concerns have been raised that cascading liquidations could occur if Bitcoin (BTC) fails to rebound. Ki Young Ju, CEO of CryptoQuant, said, “If there is no meaningful rebound from this price range over the next month, the risk of structural instituti

Key Bitcoin development organization core developer 'Gloria Zhao' resigns

Gloria Zhao, who has served as a maintainer for Bitcoin Core—the core development organization behind Bitcoin (BTC)—is reported to have resigned. Bitcoin Core maintainers are a small group of trusted developers tasked with reviewing code changes and

Trend Research Sells 170,033 Ethereum Over Past 10 Hours

Trend Research, which had built a large investment position in Ethereum (ETH), is accelerating its selling. On the 6th (KST), Lookonchain said on X (formerly Twitter), "Trend Research sold 170,033 Ethereum over the past 10 hours," adding, "Trend Rese

"Frozen jobs data could actually be a tailwind for digital assets"

As signs of a slowdown in the U.S. labor market become clearer, an analysis suggests that such employment indicators could help create a supportive backdrop for digital assets such as Bitcoin (BTC). On the 6th (Korea time), digital-asset news outlet

Parataxis Korea buys an additional 50 bitcoin… holdings surpass 200

Bitcoin holdings surpass 200 Digital-asset treasury company Parataxis Korea announced on the 6th that it has purchased an additional 50 bitcoin (BTC). On the 6th, Kosdaq-listed Parataxis Korea said it acquired an additional 50 BTC as part of its bitc

Cardano founder: "Lost $3bn in the recent bear market…focused on blockchain development"

Charles Hoskinson, founder of Cardano (ADA), has admitted he suffered major losses during the market downturn. According to Crypto Briefing on the 6th (Korea time), Hoskinson said in a livestream, "It might be easy to say I can endure because I have

H100 Buys an Additional 4.39 Bitcoin

Sweden-based health-tech company H100 has purchased an additional 4.39 bitcoin (BTC). According to BitcoinTreasuries.net on the 6th (KST), H100 bought 4.39 bitcoin that day, increasing its bitcoin holdings to 1,051.

[Breaking] Bitcoin briefly tops $66,000

"Is bargain hunting coming in?"…Sharp surge in stablecoin inflows to exchanges

Stablecoin inflows to exchanges—an indicator of liquidity in the digital-asset market—have surged, according to data. According to digital-asset news outlet Cryptopolitan on the 6th (Korea time), the average stablecoin inflow over the past seven days

[Breaking News] US, Iran begin high-level nuclear talks in Oman

After a last-minute tug-of-war over restarting nuclear negotiations, the United States and Iran on the 6th began their first meeting in Muscat, Oman. Tasnim and other foreign media outlets reported in unison that nuclear talks between the US and Iran

Jefferies: "Bitcoin has bottomed?… Still too early to call"

Global investment bank Jefferies suggested that further downside risk remains open in the digital-asset market. According to CoinDesk, a digital-asset-focused outlet, on the 6th (Korea time), Jefferies said in a report that "(in relation to the recen

[Analysis] "Bitcoin’s decline today is highly unusual…hurting even automated trading"

Bitcoin (BTC) plunged sharply intraday, and an analysis said the sell-off represents statistically unusual volatility. On the 6th (Korea time), Benson Sun, founder of CoinKarma, wrote on X (formerly Twitter) that “Bitcoin’s drop today amounts to an ‘

Binance SAFU buys an additional 3,600 Bitcoin

Binance’s user protection fund (SAFU) has been found to have accumulated a large amount of Bitcoin (BTC). According to OnchainLens on the 6th (Korean time), Binance SAFU purchased 3,600 Bitcoin about 10 minutes ago. This is worth about $230 million a

Bitcoin plunge fuels community rumors of a “major entity bankruptcy”

Bitcoin (BTC) sank intraday to as low as around $60,000, with FUD (fear, uncertainty and doubt) related to a major entity’s bankruptcy spreading across online communities. According to CoinDesk, a digital-asset media outlet, trader Flood said on X (f

"Could a wave of selling be starting?"…Mining firm Marathon Digital transfers 1,318 bitcoins to external addresses

As bitcoin (BTC) remains under pressure, market concerns about additional selling are growing. In particular, there is rising speculation that mining companies facing deteriorating profitability could bring their holdings to market. On the 6th (Korea

Bitcoin gives up $65,000

Strategy: “Bitcoin would have to fall to $8,000 to threaten our balance sheet”

Strategy, the publicly listed company that holds the world’s largest amount of bitcoin (BTC), said that even a sharp drop in bitcoin’s price would not pose a major problem for the company’s financial structure in the near term. According to digital-a

SuhovIO: “Stablecoins could help shore up the FX market structure”

Unveils 'Ezys' stablecoin infrastructure “Even now, FX transactions still face issues in terms of processing speed and costs. Stablecoins are an alternative that can address these pain points in the FX market. That is why institutional and regulatory

Hyperliquid surges 20% alone in a down market…breaks into the top 10 by market cap

Hyperliquid jumps 20% day-on-day Buying interest builds on diversification into prediction markets and other business models "Fundamentals stand out thanks to a token buyback structure" Hyperliquid (HYPE), a perpetual futures decentralized exchange (

"Pay coins and we’ll delete it"…As Meta looks the other way, victims of 'SNS doxxing' are mounting

Indiscriminate doxxing of ordinary people and celebrities Platform response remains inadequate even amid the spread of falsehoods "Platforms need to make active efforts to cooperate with investigations" The controversy over doxxing on social networki

Hyperliquid to advance 'HIP-4' proposal…laying groundwork for entry into prediction markets

Hyperliquid (HYPE) said on the 2nd (KST) that it will add outcome-based trading functionality to HyperCore through the 'HIP-4' proposal. Hyperliquid explained that “outcome-based trading is used in prediction markets and a limited range of options tr

Arcium launches privacy Mainnet Alpha on Solana…Umbra joins as first application

Arcium, a Solana (SOL)-based crypto infrastructure project, said on the 2nd (Korea time) that it has launched “Mainnet Alpha,” which enhances privacy features, and has moved from testnet to live operations. Mainnet Alpha is reported to have been depl

BitMine: "Ethereum reserves top 4.28 million… bought 41,788 ETH last week"

BitMine, the largest holder of Ethereum (ETH) reserves—stoking concerns among many investors amid the recent market downturn—reiterated its Ethereum treasury strategy. According to PR Newswire on the 2nd (Korea time), BitMine said in a statement that

[Analysis] "XRP risks repeating the 2022 rout…most short-term investors in the red"

XRP’s recent downtrend has prompted analysis that it could fall back to price levels seen during the 2022 selloff. According to Cointelegraph, a cryptocurrency-focused outlet, on Feb. 2 (Korea time), crypto analytics firm Glassnode said in a report t

Strategy buys 855 more bitcoins

Strategy, the world’s largest corporate holder of bitcoin (BTC), said on the 2nd (Korea time) that it had purchased an additional 855 bitcoins. On the day, Strategy said via X (formerly Twitter), "We purchased an additional 855 bitcoins, increasing o

Hong Kong financial regulator to issue first stablecoin issuer licences in March

Hong Kong’s financial regulator is set to begin issuing official licences to stablecoin issuers from March. According to Reuters on the 2nd (Korea time), Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority (HKMA), told a meeting th

Trump administration pushes $12 billion strategic stockpile plan for critical minerals… "to cut reliance on China"

U.S. President Donald Trump is pursuing a $12 billion (about 16 trillion won) strategic stockpiling initiative to reduce U.S. dependence on China for rare earths and other critical minerals. According to Bloomberg on the 2nd (KST), the Trump administ