Uk Jin

[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

[Breaking] Bitcoin tops $78,000

Jim Cramer: ‘Question whether Strategy has capacity for additional buying’

With Bitcoin (BTC) showing weakness, U.S. business TV host Jim Cramer delivered a pointed rebuke to Bitcoin bulls. On the 2nd (Korea time), Cramer wrote on X (formerly Twitter), “(Given Bitcoin’s decline) I wonder where Strategy founder Michael Saylo

"White House to Meet With Digital-Asset Industry at 3 a.m. Tomorrow… to Discuss Stablecoin Yield Issue"

The White House is set to hold a meeting to finalize its position on key issues in the digital-asset (cryptocurrency) market-structure bill, the 'Clarity Act.' On the 2nd (local time), Eleanor Terrett, host of Crypto in America, posted on X (formerly

UBS buys 3.23 million shares of Strategy

UBS, Switzerland’s largest bank, bought additional shares of Strategy even as the cryptoasset (cryptocurrency) market remains under pressure. Strategy is the world’s largest Bitcoin (BTC) treasury company. According to BitcoinTreasury.net on the 2nd

Trend Research deposits an additional 20,000 Ether into Binance

Trend Research, which has suffered heavy investment losses from its Ether (ETH) investment, is suspected to be preparing additional Ether sales. According to OnchainLens on the 2nd (Korea time), Trend Research transferred an additional 20,000 Ether t

Justin Sun: "Plan to buy up to $100 million more in Bitcoin"

Justin Sun, founder of Tron (TRX), said he plans to buy a large amount of Bitcoin (BTC). According to CoinDesk, a digital-asset (cryptocurrency) news outlet, Sun said in an interview on the 2nd (Korea time) that he would "buy an additional $50 millio

Gold price volatility hits highest level since the global financial crisis…more turbulent than Bitcoin

Gold prices in international markets have recently been swinging sharply, showing greater volatility than Bitcoin (BTC). On the 2nd (Korea time), Bloomberg, citing its own data, reported that gold’s price volatility over the past 30 days exceeded 44%

[Analysis] “Bitcoin’s share of loss-making supply tops 40%…a signal of a shift into a bear market”

Bitcoin (BTC) has tumbled sharply intraday, prompting analysis that the market may have entered a downtrend. On the 2nd (KST), CryptoQuant contributor Woominkyu said in a report, “Bitcoin is still trading above the realized price, but the amount of s

Bitcoin ETF Investors Average 15% Loss… “Concerns Over Further Selling Pressure”

With Bitcoin (BTC) recently weakening, investors in U.S.-listed spot Bitcoin exchange-traded funds (ETFs) are seeing average losses of around 15%, according to a report. On the 2nd (Korea time), CoinDesk, citing a report from 10x Research, said the a

BNKR to Support Token Issuance on Solana

BNKR, an artificial intelligence (AI) agent platform, said on the 2nd that it will support token issuance on the Solana (SOL) blockchain. Specifically, users will be able to deploy Solana-based tokens by tagging an account on X (formerly Twitter) or

Binance SAFU buys $100 million worth of Bitcoin

Binance, the world’s largest exchange, has executed a Bitcoin (BTC) purchase. According to Arkham Intelligence on the 2nd (Korea time), Binance bought 1,315 Bitcoin (about $101.1 million) through its user protection fund, “SAFU.” Binance said on X (f

"Binance SAFU Begins Testing Small Remittances"

Binance is believed to have begun testing transfers to its user protection fund, "SAFU." On the 2nd (KST), on-chain analyst ai_9684xtpa said on X (formerly Twitter) that "a transfer of 64.811 USDT occurred from a hot wallet to the SAFU fund address."

Could Binance-driven Bitcoin buying emerge… 'SAFU Fund' address sets new permissions

As the world’s largest digital-asset (cryptocurrency) exchange Binance said it will shift the asset mix of its user protection fund, the “SAFU” fund, into Bitcoin (BTC), on-chain activity that could be read as preparatory steps has been spotted. Acco

Whale investor buys $15 million worth of Ethereum

Despite Ethereum (ETH) showing intraday weakness, whale investors appear to be continuing to buy. According to Onchain Lens on the 2nd (Korea time), a whale investor nicknamed the “Seven Siblings” made an additional purchase of 6,820 Ethereum. At cur