Uk Jin

Japan’s Top Three Banks Confirm Feasibility of Joint Yen Stablecoin Issuance

Japan’s three largest banks said they have confirmed the feasibility of jointly issuing a yen-based stablecoin. NADA News reported on October 16 that Mizuho Bank, Mitsubishi UFJ Bank and Sumitomo Mitsui Banking Corp. said a joint pilot project confir

Capital B Posts $78 Million First-Half Net Loss on Bitcoin Weakness

Capital B, a French company that holds Bitcoin as a treasury reserve asset, posted a net loss of about $78 million in the first half of the year. Cointelegraph reported on Oct. 16 that the company posted a first-half net loss of 69.5 million euros, o

US Court Rejects CFTC, Gemini Request to Void $5 Million Settlement

A U.S. federal court has rejected a joint request by the Commodity Futures Trading Commission and digital-asset exchange Gemini to void a $5 million settlement. Cointelegraph reported on Oct. 16 that U.S. District Judge Alvin Hellerstein ruled change

Near Protocol Launches Privacy-Focused Solana Deposit Service

Near Protocol has launched a service that allows users to deposit Solana and earn yield without disclosing their wallet addresses. On October 16, Near Protocol announced on its official X account that it had rolled out a privacy-enabled Solana deposi

Mastercard Launches Global Money Platform Integrating Fiat Currency and Stablecoins

Mastercard has launched a payments platform that integrates the management of fiat currency and stablecoins. Metaverse Post reported on Oct. 16 that Mastercard unveiled the Global Money Platform with BVNK. BVNK is a stablecoin infrastructure company

Kospi Closes 2.05% Higher at 5,668

OpenAI Reveals AI Model Accessed Crypto Wallet Without Permission, Spent Funds

An OpenAI artificial intelligence model was found to have accessed a digital-asset wallet without permission and used the funds. The model also concealed the incident in its report. Cointelegraph reported on October 16 that OpenAI recently disclosed

Warsh Signals October Rate Hold Despite Hot Inflation, Dimming Hike Bets

Federal Reserve Chair Kevin Warsh signaled the Fed could leave interest rates unchanged this month, sharply weakening market expectations for another increase. Bloomberg reported on Oct. 16 that Warsh, speaking at the International Monetary Fund’s an

Analysis: XRP Lags Bitcoin and Ether as Supply Growth, Weak Demand Weigh

XRP has underperformed major digital assets such as Bitcoin and Ether, with rising circulating supply and relatively weak investment demand cited as the main reasons. According to CoinDesk on October 16, XRP was trading at about $1.33, roughly 62.5%

Sweden’s Central Bank Urges E-Krona Legislation Review as Dollar Stablecoins Spread

Sweden’s central bank has urged legislation tied to the introduction of the e-krona, a central bank digital currency, Cointelegraph reported on October 16. In a letter to parliament’s finance committee, the Riksbank recommended beginning legislative

Ondo Finance Says TVL Surpasses $4 Billion

Ondo Finance, a real-world asset tokenization platform, said its total value locked has surpassed $4 billion. On Oct. 16, Ondo Finance said on its official X account, formerly Twitter, that its TVL had reached $4 billion, citing business expansion fr

Anthropic Warns AI Worms Could Self-Spread Across Devices, Threaten Bitcoin Wallets

Anthropic has warned that self-replicating AI systems could autonomously spread across users’ devices like computer viruses. Cointelegraph reported on October 13 that Anthropic Frontier Red Team researchers William Zhou and Daniel Freeman wrote in a

WSJ Says Iran Preparing for Conflict With US After Midterms, Signals Possible Ground Offensive

Iran is bolstering defenses around its nuclear facilities in preparation for a possible military clash with the US after the November midterm elections, The Wall Street Journal reported on October 13. Iranian officials warned that they would expand a

Bitcoin Developer Says Lightning Network Is Still Too Inconvenient

Debate is resurfacing over the effectiveness of the Lightning Network, which was developed to address Bitcoin’s payment speed and cost issues. Cointelegraph reported on October 13 that Bitcoin developer Paul Sztorc recently criticized the network’s e

Memory-Chip Stocks Weaken Early in US Trading; Micron, SK Hynix ADR Fall More Than 5%

Memory-chip stocks remained under pressure in early US trading. According to Investing.com, Micron Technology was trading on the Nasdaq at $936.32 as of 10:36 p.m. Korea time on October 13, down 5.36% from the previous session. SK Hynix ADRs were dow

Bitget Launches 5 Perpetual Futures Tied to Japanese Stocks Including Toyota, Sony

Global digital-asset exchange Bitget has launched five perpetual futures contracts tied to the share prices of major Japanese companies. Bitget announced on its official X account on October 13 that it had listed five perpetual futures trading pairs

BIS Says CBDCs Can Deliver Cash-Like Privacy, but Security Hurdles Remain

The Bank for International Settlements said central bank digital currencies can provide privacy protection comparable to cash, though security issues still need to be resolved before they can be commercialized. Cointelegraph reported on October 13 th

Ethereum Name Service Seeks DAO Approval for ENSv2 Rollout on Ethereum Mainnet

Ethereum Name Service is seeking to deploy ENSv2, a next-generation protocol designed to improve domain management, on the Ethereum mainnet. Cointelegraph reported on October 13 that ENS founder Nick Johnson submitted a draft proposal to the decentra

Analysis: Bitcoin Finds Support at US Spot ETF Investors’ Average Cost Basis

Bitcoin has established a support level at the average cost basis of investors in US spot exchange-traded funds, according to an analysis. Glassnode, an on-chain analytics firm, wrote on X on Oct. 13 that Bitcoin rebounded from the average cost basis

Ledger Says It Halted Wallet Sales With MediaMarkt Saturn After German Customer Report, Sees No Sign of System Breach

Ledger, the hardware wallet maker, has commented on the suspension of its wallet sales at European electronics retailer MediaMarkt Saturn. In a post on its official X account on October 13, Ledger said it had received a report from one customer in Ge

Democratic Midterm Win Could Intensify Congressional Scrutiny of Crypto Industry

A Democratic victory in the U.S. midterm elections in November could lead to tougher congressional investigations and oversight of the cryptocurrency industry. Reuters reported on October 13 that if Democrats win control of either the Senate or the H

Strive Buys 3,311 Bitcoin, Raising Total Holdings to 32,773 BTC

Strive, a Bitcoin treasury company, bought an additional 3,311 Bitcoin. Matt Cole, Strive's chief executive officer, wrote on X on October 13 that the purchase raised the company's total Bitcoin holdings to 32,773 BTC. Strive has also completed about

CryptoQuant CEO Ki Young Ju Says Bitcoin Bear Market Is Over, Sees 1-2 Years of Gains or Sideways Trading

CryptoQuant CEO Ki Young Ju said Bitcoin's bear market has ended. On October 13, Ju wrote on X, formerly Twitter, that "Bitcoin's bear cycle is over" and that he expects prices to rise or move sideways over the next 12 to 24 months.

Binance to End Mining Pool, Cloud Mining Services From Nov. 10

Binance, the world’s largest cryptocurrency exchange, will shut down its mining pool and related services, including cloud mining. The Block reported on Oct. 13 that Binance will fully suspend mining-related services, including Binance Pool, starting

[Analysis] XRP Futures 30-Day Average Open Interest Hits Eight-Month High as New Positioning Slows

The 30-day average of open interest in the XRP futures market has climbed to its highest level in eight months. Current open interest remains below that average, however, suggesting the recent surge in derivatives trading has begun to cool. On Oct. 1

Bitcoin Needs Stable Treasury Yields, Renewed ETF Inflows to Extend Rally, Wintermute Says

Bitcoin needs stable U.S. Treasury yields and renewed inflows into spot exchange-traded funds to regain its upward momentum, digital-asset market maker Wintermute said. In a post on X on Oct. 13, Wintermute wrote that the crypto market has lost the m

Analysis: Falling Bitcoin Exchange Balances Fuel Hopes of Supply Shock

A sustained decline in Bitcoin holdings on exchanges could support further price gains for the cryptocurrency, according to an analysis. On October 13, CryptoQuant contributor Ray wrote that exchange-held Bitcoin stood at about 2.67 million BTC, down

MediaMarktSaturn Pulls Ledger Wallets From Sale in Europe as Spyware Claims Spread

MediaMarktSaturn, one of Europe’s largest consumer electronics retailers, has halted all sales of Ledger hardware wallets as allegations of device tampering spread. Cointelegraph reported on October 13 that MediaMarktSaturn had removed all Ledger pro

Metaplanet to Issue ¥52 Billion in Convertible Bonds to Repay Debt, Fund Share Buyback

Japanese Bitcoin investment firm Metaplanet will issue ¥52 billion ($347 million) in convertible bonds to repay debt and buy back shares. Odaily reported on Oct. 13 that Metaplanet plans to issue zero-coupon convertible bonds due in 2031. The notes a

Analysis: US Government’s Transfer of 17,733 Bitcoin to Coinbase Prime Was for Custody, Not Sale

An analysis suggests the 17,733 Bitcoin recently transferred by the US government to Coinbase Prime were intended for custody rather than sale. BlockBeats reported on October 13 that digital-asset research firm K33 Research said in a recent report th