Uk Jin

Twenty One Capital CEO "Bitcoin's market capitalization will rise to 200 trillion dollars"

On the 12th (Korean time), according to Bitcoin Magazine, Jack Mallers, CEO of Twenty One Capital, said in an interview with the New York Stock Exchange (NYSE), "Bitcoin (BTC)'s market capitalization will someday rise to 200 trillion dollars." As of

Binance strengthens response to institutional investors…introduces IOI feature

As regulations related to virtual assets (cryptocurrencies) have become clearer worldwide, anticipation is growing for institutional investors' entry into the virtual asset market, and the world's largest virtual asset exchange has taken preemptive m

[Analysis] "XRP whale investors continue to accumulate despite short-term declines"

Recently, XRP (XRP) has continued to show weakness, but whale investors have been continuing to buy in the down market. On the 12th (Korean time), CryptoQuant contributor 'CW8900' analyzed in a report, "Recently, XRP's price has shown a short-term do

"Bank of Japan likely to raise rates next week…Further increases to be decided based on economic conditions"-Reuters

The Bank of Japan (BOJ) is expected to implement a rate hike. On the 12th (Korea time), Reuters reported, citing multiple sources, that the Bank of Japan will raise rates from 0.5% to 0.75% at the monetary policy meeting to be held on the 18~19. The

World adds virtual asset payment function and launches encrypted chat service

The blockchain-based identity verification project World (WLD) said on the 12th via X (formerly Twitter) that it added virtual asset (cryptocurrency) payments and encrypted chat services in the latest version of its app. The World app supports more t

Ripple completes acquisition of Rail…"Stablecoin business to ramp up"

Blockchain-based global payments and remittance service provider Ripple announced on the 12th that it has completed the acquisition of Rail, a payment infrastructure platform for stablecoins (virtual assets whose value is pegged to fiat currency). Wi

Chinese woman had her account suspended after writing 'Dogecoin' in a transfer memo

A user in China had her account suspended after writing 'Dogecoin (DOGE)' in the memo field of a bank transfer. On the 12th (Korean time), Sina News reported that a China Construction Bank user transferred 250 yuan to her husband several months ago a

UK coalition of lawmakers urges stablecoin innovation…"Regulatory easing needed"

Calls have emerged in the UK to ease digital asset regulations. On the 12th (Korean time), according to virtual asset (cryptocurrency) specialist media CoinDesk, a coalition of members of the House of Commons and the House of Lords sent an open lette

'ETF net inflow streak' yet 17% plunge… XRP, can it rebound within the year?

XRP ETF, 18th consecutive net inflow Top altcoin in ETF performance Token price has plunged 17% since launch "Pressed down by selling pressure in the spot market" Possibility of a late rally as well XRP price has struggled despite steady capital infl

Phase-2 virtual asset law, a step toward delay?…Ruling party "Will finalize party position within the year"

Authorities miss government bill 'deadline' Democratic Party "Decide party position within the year centered on TF" Delay in government bill due to conflict between authorities Unable to narrow differences over issuers, etc. The Financial Services Co

"Tokenized securities need easing of investor limits…Urgent solution required for liquidity depletion"

As the tokenized securities (STO) bill passed the Standing Committee on Political Affairs, industry expectations have intensified, and opinions were expressed that properly organizing the system will determine the success or failure of tokenized secu

Min Byung-deok: "Approval of Token Securities Will Be an Important Turning Point for Korean Finance"

There is an opinion that the introduction of token securities (Secrities Token Offering) into the regulatory system could be a major turning point for Korea's capital markets. On the 10th (Korea time), Min Byung-deok of the Democratic Party of Korea

[Analysis] "XRP, whether breaking above $2.11 is crucial… ETF cumulative net inflows of $1 billion are positive"

XRP (XRP) is defending a psychological support level, and investor sentiment appears to be recovering. However, it still faces difficulty breaking through resistance levels. On the 9th (KST), CoinDesk said, "During the decline from $2.03 to $2.00, t

[Analysis] "Bitcoin shows 'unstable stability' ahead of FOMC… short-term rebound is not a buy signal"

Bitcoin (BTC) has been bullish in the short term earlier this week. However, market sentiment remains cautious ahead of the Federal Open Market Committee (FOMC) meeting. On the 9th (Korea time), Matrixport said on X (formerly Twitter), "Even though t

Gensyn launches AI performance verification marketplace 'Delphi'

Gensyn, an artificial intelligence (AI) technology company, announced on the 9th that it has launched the AI performance verification marketplace 'Delphi'. Delphi is a marketplace that evaluates the performance of various open-source AI models in rea

Ethereum spot ETF, $35.5 million net inflows

Ethereum (ETH) spot exchange-traded funds (ETFs) recorded net inflows. On the 8th (local time), according to TraderT, Ethereum spot ETFs had net inflows of $35.5 million that day. BlackRock ETHA and Grayscale ETH had net inflows of $23.7 million and

U.S. Bitcoin spot ETFs see $60.5 million net outflow

A net outflow occurred from Bitcoin (BTC) spot exchange-traded funds (ETFs). On the 8th (local time), Trader T said on X (formerly Twitter) that a total of $60.5 million was net withdrawn from 11 Bitcoin spot ETFs that day. BlackRock's IBIT had a net

Bitcoin fell six times after seven FOMCs…"Beware of volatility this week, too"

The United States Federal Open Market Committee (FOMC) is being watched as a factor that could determine whether the leading cryptocurrency Bitcoin (BTC) can rise. On the 9th (KST), crypto analyst Ali Martinez said on X (formerly Twitter) that "after

Japanese listed company ANAP buys additional 54.51 Bitcoin

The Japanese clothing brand ANAP, which is executing a digital asset financial business model, made an additional purchase of Bitcoin(BTC). On the 9th (Korea time), according to BitcoinTreasury.net, ANAP added 54.51 Bitcoin that day, increasing its t

New address receives 900 Bitcoin from Galaxy Digital

A new whale wallet appears to have received a large amount of Bitcoin (BTC) at once. On the 9th (Korean time), according to OnChainLens, a whale wallet received 900 Bitcoin from Galaxy Digital about two hours earlier. As of 11:35 a.m. that day, Bitco

Canada Revenue Agency (CRA) "40% of virtual asset users are a high-risk group for tax evasion"

On the 9th (Korean time), CoinDesk, a media outlet specializing in virtual assets (cryptocurrency), reported via X (formerly Twitter) that "the Canada Revenue Agency (CRA) judged that about 40% of virtual asset platform users are at high risk of fail

U.S. OCC "Virtual-asset firms should be held to the same standards as banks in the chartering process"

A claim has emerged in the United States that virtual-asset (cryptocurrency) firms should be treated the same as banks. On the 9th (Korean time), Jonathan Gould, Comptroller of the U.S. Office of the Comptroller of the Currency (OCC), said at the Blo

U.S. credit rating agency Fitch warns banks with large crypto exposure…"Ratings may be reassessed"

International credit rater Fitch Ratings said it could negatively reassess the credit ratings of U.S. banks with large exposure to virtual assets (cryptocurrencies). On the 9th (Korean time), according to crypto-focused media Cointelegraph, Fitch sai

Ethereum said to rise... Bitmain's digital asset investment losses near 3.1 billion dollars

Bitmain, the largest publicly listed holder of Ethereum (ETH), appears to be reporting large losses from digital asset investments. On the 9th (Korean time), according to on-chain analyst Amber CN, Bitmain holds a total of 3,864,951 Ethereum as of th

Tether officially approved in Abu Dhabi as a 'fiat-linked token'

Tether (USDT), the world's largest stablecoin (a virtual asset whose value is linked to fiat currency), has acquired the status of a 'fiat-linked token' in Abu Dhabi. On the 9th (Korean time), Tether said on its official website that the Abu Dhabi Gl

[Today's key economic and cryptocurrency schedule] U.S. Department of Labor September JOLTS, etc.

<Today's key economic schedule> ▶︎9th (Tue): △Australia interest rate decision(local time 12:00, Korea time 10:00) △U.S. Department of Labor September JOLTS (Job Openings and Labor Turnover Survey) (local time 10:00, Korea time 00:00 on the 10th)

Ahead of Do Kwon's sentencing… U.S. court focuses on 'severity of punishment in South Korea'

The trial of Terraform Labs co-founder Do Kwon, the main culprit in the 'Terra·Luna crash,' is scheduled for this week, and the sentence he could receive in South Korea has emerged as a major issue. On the 9th (Korean time), according to FinanceFeed,

21 Capital to transfer 43,500 Bitcoin to its own account ahead of IPO

21 Capital plans to move the Bitcoin (BTC) it had entrusted to its own account ahead of its initial public offering (IPO). On the 7th (Korean time), Jack Mallers, chief executive officer (CEO) of 21 Capital, said on X (formerly Twitter), "21 Capital

Bitcoin Pauses Ahead of FOMC

Crypto Now Yen carry trade liquidation concerns ease JP Morgan "Could hit record highs in January" Bitcoin is trading around $90,000. It appears to be taking a breather ahead of the U.S. central bank's Federal Open Market Committee (FOMC) meeting. Ac

[This Week's Major Economic and Cryptocurrency Schedule] U.S. rate decision, etc.

<Next week's major economic schedule> ▶︎8 (Mon): △Japan Q3 GDP (local time 08:50, Korea time 08:50) ▶︎9 (Tue): △Australia rate decision (local time 12:00, Korea time 10:00) △U.S. Department of Labor September JOLTS (job openings and labor turnover re