Uk Jin

Ethereum spot ETFs post $41.7 million in net outflows…four straight trading days

Ethereum (ETH) spot exchange-traded funds (ETFs) logged net outflows for a fourth consecutive trading day. According to Farside Investors on the 23rd (local time), Ethereum spot ETFs saw $41.7 million in net outflows on the day. BlackRock’s ETHA reco

US spot Bitcoin ETF sees $103.5 million net outflow

Spot Bitcoin (BTC) exchange-traded funds (ETFs) extended their net outflow streak. According to Farside Investors on the 23rd (local time), spot Bitcoin ETFs recorded a net outflow of $103.5 million on the day. BlackRock’s IBIT and Fidelity’s FBTC po

Ethereum moves to prepare for the era of ‘quantum computing’… Foundation launches dedicated team

As advances in quantum computers—seen as a major potential threat to the security of digital assets (cryptocurrencies)—have accelerated in recent years, the Ethereum (ETH) Foundation has moved to respond. According to crypto-focused outlet CoinDesk o

US January flash manufacturing PMI at 51.9…in line with market expectations

The US flash January manufacturing purchasing managers’ index (PMI) came in in line with market expectations. According to S&P Global on the 23rd (local time), the flash January manufacturing PMI was 51.9, matching Wall Street expectations (51.9). Th

[Breaking] Grayscale files application for Binance Coin (BNB) ETF

According to the U.S. Securities and Exchange Commission (SEC) website on the 23rd (Korea time), Grayscale filed an S-1 registration statement with the SEC for an exchange-traded fund (ETF) that uses Binance Coin (BNB) as its underlying asset.

Falcon Finance rolls out synthetic dollar USDf fiat conversion service via partnerships

Falcon Finance, the issuer of the synthetic dollar USDf, said on the 23rd it has launched a service that allows USDf holders to convert instantly into fiat currencies by integrating with regulated payments infrastructure. Through collaborations with

US Treasury yield curve steepening to its widest since 2021… “a headwind for Bitcoin”

The gap between long- and short-term US Treasury yields has widened to its largest level since 2021, raising concerns it could act as a headwind for Bitcoin (BTC), an analysis said. On the 23rd (Korea time), Cointelegraph, a cryptocurrency-focused ou

Kaia surges 17% intraday… spotlit as a stablecoin beneficiary

Kaia (KAIA), one of South Korea’s leading cryptoassets (cryptocurrencies), is posting a sharp intraday rally. With stablecoin-related names soaring in the stock market on the day, Kaia is also seen benefiting from strengthening investor sentiment on

"Easing of options rules for U.S.-listed Bitcoin and Ethereum ETFs seen as boosting institutional clout"

As rules governing options trading in spot exchange-traded funds (ETFs) for Bitcoin (BTC) and Ethereum (ETH) are eased, market participants are increasingly expecting the influence of those ETFs—and institutions, their primary buyer base—to grow furt

Sharia Portfolio Buys 43,883 Shares of Strategy

Sharia Portfolio, which manages as much as $2 billion in assets, has made a sizable purchase of shares in Strategy, the largest publicly listed holder of Bitcoin (BTC). On the 23rd (Korea time), BitcoinTreasury.net said on X (formerly Twitter) that “

Kansas Bitcoin Reserve Bill Referred to Senate Financial Committee

A bill in the U.S. state of Kansas to manage Bitcoin (BTC) and digital assets as state-level reserves has advanced to the review stage of the Senate Financial Committee. According to The Block on the 23rd (KST), Kansas Senate Bill 352 (SB352) was ref

[Analysis] “Bitcoin entering early stages of a bear market…focus on whether $84,000 holds as support”

Bitcoin (BTC) is said to have entered the early phase of a bear market as on-chain profitability indicators deteriorate. The $84,000 level is emerging as a key support line. According to Cointelegraph, a cryptocurrency-focused outlet, CryptoQuant sai

Revolut seeks US bank charter…drops review of acquiring a US bank

UK fintech firm Revolut has scrapped plans to acquire a US bank and is instead pursuing an application for a de novo bank charter, according to reports. CoinDesk, a digital-asset (cryptocurrency) news outlet, reported this on the 23rd (Korea time), c

"UBS seeks to roll out crypto trading services for private banking clients"

UBS Group, the Swiss financial heavyweight boasting one of the world’s largest asset management businesses, is reportedly reviewing plans to offer virtual asset (cryptocurrency) investment services to its private banking clients. On the 23rd (Korea t

Rich Dad Poor Dad's Kiyosaki: "Keep buying gold, bitcoin and ether—regardless of price"

Robert Kiyosaki, author of Rich Dad Poor Dad, who drew backlash from the community after selling some bitcoin (BTC) during the downturn, said he continues to buy bitcoin and ether (ETH). On the 23rd (Korea time), Kiyosaki wrote on X (formerly Twitter

Sen. Cynthia Lummis urges swift passage of the CLARITY Act… “We must stop anti-crypto forces”

U.S. Republican Sen. Cynthia Lummis has once again called for the swift passage of the so-called “CLARITY Act,” which aims to clarify regulation of the digital-asset industry. In a post on X (formerly Twitter) on the 23rd (Korea time), Lummis said, “

Virtual Protocol to Prioritize ROBO Token Allocation for veVIRTUAL Holders

AI agent protocol Virtual Protocol (VIRTUAL) said on the 23rd that it will partner with FabricFND, an on-chain infrastructure project for general-purpose robots. Through the partnership, Virtual Protocol will support FabricFND’s push to build open on

MetaAlpha withdraws $24.85 million worth of Ethereum from centralized exchanges

Asset manager MetaAlpha has withdrawn a large amount of Ethereum (ETH) from exchanges. On the 23rd (Korea time), Onchain Lens reported via X (formerly Twitter) that MetaAlpha withdrew 8,500 Ethereum from Binance and Kraken. Typically, withdrawing cry

[Breaking] Bitcoin falls below $89,000

Binance broadens footprint, applies for EU MiCA licence in Greece

As the deadline for the full implementation of the European Union’s (EU) Markets in Crypto-Assets (MiCA) framework approaches, the world’s largest crypto asset exchange, Binance, is reported to have applied for a licence in Greece. On the 23rd (Korea

David Marcus, former PayPal president: "Bitcoin will become the base currency for AI agents"

On the 23rd (Korea time), according to The Bitcoin Historian, David Marcus, former PayPal president, said, "Bitcoin (BTC) will become the base currency among artificial intelligence (AI) agents."

Gold tops $4,900 for the first time ever…$5,000 within sight

Safe-haven demand rises on geopolitical risks Continued central bank gold buying also a factor “$5,000 now within sight,” analysts say Silver and platinum also extend record runs International gold prices surged above $4,900 per troy ounce for the fi

Hyungji Signs MOU With Arbitrum to Build Stablecoin Payment Infrastructure

Fashion Group Hyungji said on the 23rd that it has signed a memorandum of understanding (MOU) with the Arbitrum (ARB) Foundation, an Ethereum (ETH) Layer 2, to build a stablecoin (a crypto asset pegged in value to fiat currency) payment infrastructur

Decentralized social network ‘Farcaster’ developer to return entire $180 million in funding

Merkle Manufactory, the developer of the decentralized social networking (SNS) protocol Farcaster, has decided to return in full about $180 million in venture funding it has raised to investors. On the 23rd (Korea time), Dan Romero, co-founder of Mer

"GameStop Transfers Entire Bitcoin Holdings to Coinbase…Likely to Sell"

U.S. video game retailer GameStop is expected to sell its Bitcoin (BTC). On the 23rd (Korea time), CryptoQuant said in a report that "all Bitcoin held in GameStop’s on-chain wallet has moved to Coinbase Prime," adding that "the likelihood of a sale i

[Analysis] "XRP sees deepening build-up of short positions…potential for a short squeeze"

An analysis suggests that XRP could stage a sharp rebound. The reasoning is that an excessive build-up of short positions in the derivatives market could trigger a surge in buy-to-cover demand if prices rise. On the 23rd (Korea time), crypto-focused

India to impose blanket ban on trading 'privacy coins'… citing "money-laundering risk"

India’s government appears to be moving to tighten regulations on so-called “privacy coins,” citing money-laundering risks. According to IndiaTimes on the 22nd (local time), the Financial Intelligence Unit (FIU), under India’s Ministry of Finance, re

Bitcoin catches its breath as Japan holds rates… stays rangebound around $90,000

With Japan’s macroeconomic indicators released on the day, investor sentiment toward Bitcoin (BTC) remained on the sidelines. As of 4 p.m. KST on the 23rd, Bitcoin was down 0.75% day on day at $89,414 on CoinMarketCap. Bitcoin briefly broke above $90

FSC: No decision yet on investment caps or disclosure standards for listed firms’ digital-asset investments

South Korea’s Financial Services Commission (FSC) said no measures have been finalized yet regarding investment limits and disclosure standards for listed companies’ digital-asset investments. On the 23rd, the FSC said on its official website that re

Bitcoin miners on ‘alert’ as storm forecast for US South… “Operations may be halted due to power strain”

Concerns are mounting that bitcoin (BTC) miners could face operational disruptions as forecasts call for a major winter storm to hit the southern United States. According to crypto news outlet Cointelegraph on the 23rd (Korea time), US weather servic