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The Bank of Korea and commercial banks are planning an experiment to disburse government subsidies using digital currency. On the 8th (Korea time), according to the industry, the Bank of Korea's Digital Currency Office has, since the end of August, a
The South American country El Salvador, which adopted Bitcoin (BTC) as legal tender, marked four years of Bitcoin accumulation. On the 7th (local time), President Nayib Bukele posted on X (formerly Twitter), "To celebrate Bitcoin Day, we purchased 21
Ethereum (ETH) Layer-2 network Kinto is shutting down due to a hack that occurred last July. On the 7th (local time), crypto-focused outlet The Block reported that Kinto will cease operations on September 30. The reason for Kinto's shutdown is a larg
The publicly listed company Strategy (formerly MicroStrategy), which holds the most Bitcoin (BTC) in the world, is suspected to be making additional purchases of Bitcoin. On the 7th (local time), Michael Saylor, Strategy's CEO, posted a 'Saylor Track
There are opinions that the introduction of stablecoins (virtual assets whose value is pegged to fiat currency) will be accelerated by artificial intelligence (AI) agents. On the 8th (Korea time), according to Forbes, Sean Stein Smith, a professor at
Crypto Now Escaping weakness as hopes for rate cuts grow Record-high gold prices also influential The leading cryptocurrency Bitcoin surpassed $110,000 again earlier this month. Attention is focused on whether it can overcome the so-called 'September
Egypt-based blockchain fintech firm Munify said on the 7th that it had raised $3 million (about KRW 4 billion) in seed funding. The funding round was led by Y Combinator, with investors including Digital Currency Group (DCG). Munify provides services
Stablecoin (a virtual asset whose value is pegged to fiat currency) infrastructure firm Paxos has reportedly proposed issuing a Hyperliquid ecosystem–exclusive stablecoin called 'USDH'. On the 7th (Korean time), crypto-focused outlet Cointelegraph re
<Next week's major economic schedule> ▶8th (Mon) : △Japan Q2 Gross Domestic Product (GDP), △August New York Federal Reserve expected inflation ▶9th (Tue) : △Preliminary annual benchmark revision reflecting Q1 Employment and Wage Survey, △Eurozone fin
It was suggested that virtual assets (cryptocurrencies) could be used as a payment method for artificial intelligence (AI). On the 7th (Korean time), Changpeng Zhao, Binance founder, said on X (formerly Twitter), "AI is a rapidly growing field," and,
Exchange deposits of stablecoins (virtual assets whose value is linked to fiat currency), the core liquidity of the virtual asset (cryptocurrency) market, have surged. On the 7th (Korea time), CryptoQuant contributor 'XWIN Research Japan' wrote in a
Recent data show that major exchanges' Ethereum (ETH) holdings have plunged over the past two months. On the 7th (Korean time), CryptoQuant contributor CryptoOnChain said in a report that "they have decreased by more than 2.6 million from late June t
There are views that tax issues may arise as the adoption of stablecoins (virtual assets whose value is linked to fiat currency) accelerates. On the 7th (Korean time), according to the industry, Bae Jin-su, a research fellow at the Korea Institute of
An opinion has emerged that strict issuance eligibility and business conduct regulations are essential for stablecoins (virtual assets whose value is linked to fiat currency). On the 7th (Korean time), according to the industry, Lee Jeong-doo, Senior
Somnia(SOMI) is experiencing an intraday surge. As of 2:20 PM KST on the 7th, Somnia is trading at 1.06 dollars, up 55.82% from the previous day according to CoinMarketCap.
Munich-based German fintech company Tangany announced on the 7th (Korean time) that it had raised €10 million (about KRW 14.7 billion) in a Series A round to expand its digital asset custody business. The round was led by Baader Bank; Elevator Ventur
According to Kaito, an AI-based Web3 search platform, Kaito's Token Mindshare (Token Mindshare · an index that quantifies the influence of specific tokens in the crypto asset market) top gainer shows that as of the 7th the top five crypto asset-relat
It was revealed that the wealth of Michael Saylor, head of Strategy (formerly MicroStrategy), the largest holder of Bitcoin (BTC), increased by $1 billion (about 1.33 trillion won) this year. CEO Saylor has for the first time been listed on the 'Bloo
Fidelity, one of the world's largest asset managers, is reported to have launched an on-chain tokenized fund product. On the 7th (Korean time), The Rollup founder Aendeu said on X (formerly Twitter) "Fidelity's tokenized product FDIT (Fidelity Digita
On the 7th (Korea time), according to MLM, a16z received 1.42 million Hyperliquid (HYPE) tokens from Anchorage Digital about 8 hours earlier. As of 11:41 a.m. that day, Hyperliquid was trading at $46.84, down 1.18% from the previous day.
The virtual asset (cryptocurrency) project World Liberty Financial (WLFI), supported by President Donald Trump's family, is showing intraday strength. As of 11:15 a.m. on the 7th (Korean time), World Liberty Financial is trading at 0.2240 dollars, up
As spot gold prices broke record highs, critical opinions about the leading virtual asset (cryptocurrency) Bitcoin (BTC) have emerged. On the 7th (Korean time), according to Block News, Peter Schiff, famous as a Bitcoin skeptic, said on X (formerly T
Spot cryptocurrency (crypto) exchange-traded funds (ETFs) for Bitcoin (BTC) and Ethereum (ETH) posted contrasting results. On the 7th (Korean time), according to Farside Investors, 11 spot Bitcoin ETFs saw total net inflows of 250.3 million dollars (
Bitcoin (BTC) mining difficulty has reached an all-time high. On the 7th (Korean time), according to crypto-focused outlet Cointelegraph, Bitcoin mining difficulty recorded 134.7 trillion as of that day, marking an all-time high. Bitcoin hashrate (th
Asset manager Galaxy Digital has deposited a large amount of Solana (SOL) to an exchange. On the 7th (KST), LookonChain posted on X (formerly Twitter), "Galaxy Digital deposited 175,000 Solana (about $35.65 million) to Coinbase about 8 hours ago," th
On the 7th, according to crypto data provider Alternative.me, the crypto Fear & Greed Index recorded 44, down 4 points from the previous day. As of 9:15 a.m. that day, Bitcoin (BTC) was trading at 110,272 dollars on CoinMarketCap, down 0.30% from the
Lee Kang-il lawmaker and the Fintech Industry Association unveil the 'Digital Asset Innovation Act' Apply a segmented authorization system to the digital asset industry "Prevent indiscriminate circulation of overseas stablecoins" "Changes to the fina
A bill that would restrict the domestic circulation of stablecoins (virtual assets pegged to fiat currencies) issued overseas is expected to be pursued. The plan is to establish a legal basis so that only stablecoins that meet the requirements set by
It is drawing attention whether public offerings of virtual assets (cryptocurrencies) will become possible domestically. Lee Kang-il, a lawmaker of the Democratic Party of Korea, held a press briefing at the National Assembly press office on the 'Dig