Uk Jin

[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

"Gold prices, record rise hits limits"…Will it affect Bitcoin?

There are opinions that gold, which has continued its upward trend throughout this year, has reached a peak. On the 7th, according to Cryptodnis, famous macroeconomist Henrik Jeberg warned, "The rise in gold prices has reached the final stage of a bu

Whale investor opens 20,000-ETH long position

A whale investor expressed a bullish outlook on Ethereum(ETH). On the 7th (KST), according to LookonChain, a whale bought a 2x long position of 20,000 ETH at 3040.92 dollars. As of 4:25 PM that day, Ethereum was trading at 3038 dollars, down 0.04% fr

[Analysis] "Bitcoin shakes off yen carry-trade liquidation concerns... but another risk emerges"

An analysis said that another risk could act on Bitcoin (BTC), which withstood concerns about yen carry-trade liquidations that arose amid expectations that the Bank of Japan (BOJ) will raise its policy rate at this month's Monetary Policy Meeting. O

"Bitcoin faces a larger downturn after breaking below $90,000... could be pushed down to $58,800 in the worst case"

An analysis suggested that Bitcoin (BTC) could decline further by the end of the year. On the 7th (Korea time), according to Coindoo, a cryptocurrency-focused media outlet, Peter Brandt, a crypto analyst, said, "Bitcoin's attempt to break the resista

Jensen Huang "Bitcoin, a tool that converts surplus energy into currency"

NVIDIA Chief Executive Officer (CEO) Jensen Huang commented on the value of Bitcoin (BTC). On the 7th (Korean time), according to the industry, CEO Huang attended a forum and said, "Bitcoin converts and preserves the world's idle or surplus energy in

'Bitmine', which continued buying during the down market, nears securing 5% of Ethereum supply

Bitmine, which has incorporated Ethereum (ETH) as a major financial asset, is continuing to buy Ethereum. On the 7th (Korean time), crypto asset (cryptocurrency) media Cryptopolitan reported that Bitmine additionally bought $199 million worth of Ethe

FIU to push for restrictions on transactions of suspicious accounts…"Preventing virtual asset crime"

Financial authorities said they will cooperate with the virtual asset industry to identify suspicious transactions by transnational criminal organizations and push for transaction restriction measures. On the 7th, according to the industry, the Finan

[Analysis] "Bitcoin, activity indicator ↑…the bull market is not over yet"

Bitcoin (BTC)'s on-chain activity indicator has risen. Accordingly, there is analysis that it is difficult to view this rising cycle as being in a terminal stage. On the 7th (Korean time), according to virtual asset (cryptocurrency) specialist Cointe

Bitcoin: Mining Costs Surge…Profitability Decline Deepens

Bitcoin (BTC) mining costs have continued to rise. On the 7th (Korean time), according to CryptoRank, the average cash cost to mine one Bitcoin reaches $74,600. Including depreciation and stock-based compensation (SBC), total costs exceed $137,800. T

Will U.S. rates be cut…KOSPI explores direction ahead of FOMC [Weekly Outlook]

NH Investment & Securities "This week KOSPI expected to trade between 3850 and 4200" The brokerage community expects that this week (8–12) the KOSPI index will search for direction as it watches the U.S. central bank (Fed) interest rate decision. NH

Crypto Fear and Greed Index records 20 points… "Extreme fear continues"

According to virtual asset (cryptocurrency) data provider Alternative.me, the crypto Fear and Greed Index fell 3 points from the previous day to 20. As of 9:45 a.m. that day, Bitcoin (BTC) was trading on CoinMarketCap at $89,496, up 0.07% from the pr

"Bitcoin, bearish criticism is excessive…only returned last year's excess gains"

Bitcoin (BTC) has undergone a correction this year, but it is being assessed as merely reversing last year's excessive gains. On the 7th (Korean time), Bloomberg exchange-traded fund (ETF) analyst Eric Balchunas said on X (formerly Twitter), "Bitcoin

Virtual assets, investors are increasing… preparations for asset transfer such as inheritance procedures remain insufficient

Holders of virtual assets (cryptocurrencies) such as Bitcoin (BTC) and Ethereum (ETH) are increasing, and experts point out that cases are rising in which digital assets are not transferred in time during the inheritance process, causing assets to be

Euro stablecoin market capitalization doubles one year after MiCA implementation

The market capitalization of euro stablecoins (virtual assets whose value is pegged to fiat currency) has doubled one year after the European Union (EU)'s crypto-asset (cryptocurrency) market regulation, the 'MiCA' law, came into effect. On the 6th (

U.S. Fed board member Bowman acknowledges virtual asset 'debanking'…"I will ensure fair access to banking services"

A remark that appears to acknowledge the unfair measure long claimed by the virtual asset (cryptocurrency) industry, 'debanking' (traditional finance providing limited financial services to the virtual asset industry), has been made. According to For

Coinbase "Bitcoin expected to recover this month… liquidity is improving"

The United States' largest virtual asset (cryptocurrency) exchange, Coinbase, predicted that the Bitcoin (BTC) market will enter a recovery phase in December. On the 6th (Korean time), according to crypto-focused media BeInCrypto, Coinbase said in a

Two giant Bitcoin whales open large positions in opposite directions

Two large whales appear to have taken opposite positions on Bitcoin (BTC) price movements. On the 6th (Korean time), according to Lookonchain, one whale took a Bitcoin long position using 20x leverage, with the position size reaching 27,500,000 dolla

Reform UK receives a £9 million donation from an early Bitcoin investor, signaling potential virtual asset policy changes

The UK right-wing party 'Reform UK' is reported to have received a large donation from virtual asset (cryptocurrency) investor Christopher Harborne. On the 6th (Korean time), Bloomberg reported that Bitcoin (BTC) early investor Christopher Harborne d

French financial giant BPCE allows customers to trade virtual assets

Buenos Aires allows tax payments using virtual assets

Argentina's capital, Buenos Aires, announced a policy allowing citizens and companies to pay taxes using virtual assets (cryptocurrencies). On the 6th (Korean time), according to crypto-focused outlet Cryptopolitan, Buenos Aires authorities, as part

Stable, Bybit spot listing

Galaxy Digital "Bitcoin treasury hits its limits… some may disappear"

A negative analysis has emerged regarding digital asset treasuries (DAT) that incorporate Bitcoin (BTC) as corporate financial assets. On the 6th (Korean time), according to crypto-focused media Cointelegraph, Galaxy Digital warned in a report that "

Bitdeer reduces Bitcoin holdings by 148.5

Bitcoin (BTC) miner Bitdeer said it reduced its Bitcoin holdings. On the 6th (Korean time), Bitdeer reported its weekly Bitcoin holdings via X(formerly Twitter). Bitdeer mined 131.5 bitcoins and sold 130 of them. The net decrease in Bitcoin was 148.5

Indiana Introduces Bill Allowing Public Employee Pension Funds to Invest in Bitcoin ETFs

A bill has been introduced in Indiana to expand investments in virtual assets (cryptocurrencies) such as Bitcoin (BTC). On the 6th (Korea time), according to crypto-focused outlet Decrypt, Republican state representative Kyle Pierce of Indiana filed

[Analysis] "Bitcoin SORP Ratio, Lowest Level This Year…Suggests Selling Pressure Is Exhausting"

An analysis said that Bitcoin (BTC)'s selling pressure is being exhausted. On the 6th (KST), Crypto Onchain shared a chart on X (formerly Twitter) and said, "Bitcoin's SOPR ratio has fallen to 1.35, fully resetting the market's profitability," adding

Terra Classic, the culprit of the Luna crisis, soars 88% vs. previous day

Terra Classic (LUNC), the culprit of the 'Terra·Luna incident' that is remembered as a nightmare by virtual asset (cryptocurrency) users, is experiencing a sharp intraday surge. As of 3:08 PM on the 6th (Korean time), Terra Classic (formerly Luna) wa

Bitcoin surpasses $91,000

U.S. September core PCE up 2.8% YoY…below market expectations

The U.S. core personal consumption expenditures (PCE) price index for September slightly missed market expectations. According to data released on the 5th (local time) by the U.S. Department of Commerce's Bureau of Economic Analysis (BEA), the U.S. c

"U.S. virtual asset market-structure bill hinges on key issues including stablecoin interest"

There are views that the U.S. Senate is having difficulty with final adjustments to pass a virtual asset (cryptocurrency) market-structure bill. On the 5th (Korea time), according to the virtual asset-focused outlet The Block, virtual asset lawyer Ja