Uk Jin

Can altcoins rebound thanks to ETFs…A comparison with Bitcoin and Ethereum

As the cryptocurrency market is broadly weak and expectations for an altseason are fading, attention is focused on whether these altcoins can lead a reversal on the back of exchange-traded funds (ETFs). On the 22nd (Korean time), XRP, ranked 4th in c

Grayscale to list Dogecoin ETF next week

Digital asset (cryptocurrency) asset manager Grayscale will list a Dogecoin (DGOE) spot exchange-traded fund (ETF) on the 24th. On the 22nd (Korean time), according to crypto-focused outlet CoinPaper, NYSE Arca said in a letter it approved the listin

Hong Kong man sentenced to 7 years in prison in Canada for conspiring to rob virtual assets

A Hong Kong national was sentenced to 7 years in prison for participating in a virtual asset robbery that took place in British Columbia (B.C.), Canada. On the 22nd (Korean time), according to Cryptopolitan, Judge Robin McQuillan of the Port Coquitla

VanEck CEO: "Will withdraw investment entirely if Bitcoin's fundamental logic collapses"

Amid recent debates in the Bitcoin(BTC) community over quantum computers and privacy issues, VanEck, one of the asset managers that operates a spot exchange-traded fund(ETF), said it would withdraw its investment if the fundamental logic of Bitcoin's

Eterna (ENA) earns $600 million in fee revenue since 2023 launch

On the 22nd (Korea time), according to Wu Blockchain, the stablecoin (a virtual asset pegged to fiat currency) project Eterna (ENA) has earned fee revenue totaling $600 million since its 2023 launch. In the third quarter of this year, it recorded $15

Coinbase premium negative for 3 consecutive weeks…"Crypto assets need U.S. institutions to regain trust"

The 'Coinbase premium (the price difference between Coinbase and Binance)', an indicator that can gauge demand for crypto assets (cryptocurrencies) in the United States, was still shown to remain negative. According to CryptoQuant data on the 22nd (K

"Altcoin season needs a new perspective beyond existing cycle analysis"

The possibility of the arrival of an altcoin season (a market in which altcoins rise), which had raised investors' expectations, has been decreasing due to the recent bear market, and a claim has been made that analyses of the alt season should be vi

El Salvador buys 1098 Bitcoins amid bear market

El Salvador, the South American country that incorporated Bitcoin (BTC) as a national official asset, has reportedly carried out a large-scale Bitcoin purchase recently. On the 22nd (Korean time), according to the El Salvador Bitcoin Office website,

This Is the Reason Bitcoin Treasury Companies Are Surging in Japan

In Japan, companies adopting a 'digital asset treasury' business model have recently surged. Analysts say Japan's tax structure is encouraging companies to purchase digital assets. On the 22nd (Korean time), virtual asset (cryptocurrency) specialist

AAVE founder "ETHLend to be re-released next year"

The decentralized lending protocol Aave (AAVE) is planning to relaunch 'ETHLend' next year. ETHLend was Aave's predecessor, a P2P lending project. On the 22nd (KST), Stani Kulechov, founder of Aave, said on X (formerly Twitter), "I promise to relaunc

Tether holds $12.9 billion in gold… doubled since the start of the year

The world's largest stablecoin (a virtual asset pegged to fiat currency), Tether (USDT), disclosed that it holds a large amount of gold. On the 22nd (Korean time), according to Cointelegraph X (formerly Twitter), Tether reported in its Q3 report that

Ki Young Ju "Bitcoin has entered the profit-taking phase…macroeconomic liquidity is the variable"

Claims have emerged that Bitcoin (BTC) has entered a bear market. On the 22nd (Korean time), Ki Young Ju, CEO of CryptoQuant, said on X (formerly Twitter), "Bitcoin is currently in the profit-taking phase," and added, "According to previous cycle the

[Analysis] "Bitcoin's sharp decline is within a typical correction range…May rise after forming support"

Recently, the leading crypto asset Bitcoin has been experiencing weakness, but analysis says this correction is a typical pattern that repeats within the cycle. Short-term unease has widened, but it is difficult to say the structural trend has been i

Bitwise CEO "Buy virtual assets when cheap"

The virtual assets (cryptocurrencies) market has recently been broadly weak. However, there are also views that this should be seen as a buying opportunity. On the 22nd (Korean time), Hunter Horsley, Bitwise CEO, said on X (formerly Twitter), "There

[Market] Opinions split between 'doves vs. hawks' within the Fed over a rate cut in December… Bitcoin drifts around the $84,000 level

There is a sharp split of opinions within the Federal Reserve (Fed) over a potential rate cut in December. Bitcoin (BTC) investors appear to be taking a breather. On the 21st (KST), according to Walter Bloomberg, Lorie Logan, president of the Federal

Fed Governor Myron "If I were the casting vote, I'd vote for a 25bp cut"

U.S. SEC approves 'Bitwise 10 Crypto Index ETF'

The U.S. Securities and Exchange Commission (SEC) has allowed the listing of the 'Bitwise 10 Crypto Index exchange-traded fund (ETF)'. On the 21st (local time), according to its official website, the SEC amended New York Stock Exchange Arca (NYSE Arc

U.S. Fed's Collins "September employment data mixed… inflation still high"

[Market Update] December rate cut probability nears 70%…Bitcoin recovers to 84,000 dollars

The virtual asset (cryptocurrency) market is showing a short-term rebound. It is analyzed that investor sentiment has recovered as the possibility of a rate cut by the Federal Reserve (the Fed) in December has risen sharply. As of 10:13 PM on the 21s

Coinbase seeks to acquire Solana-based trading platform Vector.fun

U.S. digital asset (cryptocurrency) exchange Coinbase is said to plan to acquire Solana (SOL)-based trading platform Vector.fun. According to Fortune on the 21st (Korean time), Max Branzberg, Coinbase's vice president (VP) of product management, said

Williams, Fed official "Still room to cut rates"

John Williams, president of the Federal Reserve Bank of New York, said there is room for a short-term cut in the policy rate. According to Investing.com on the 21st (Korea time), Williams said at a Central Bank of Chile event, "Current monetary polic

Bitcoin falls below $81,000

Strategy transfers 1279 bitcoins to an external address

Strategy (formerly MicroStrategy), the largest publicly listed bitcoin (BTC) holder, transferred bitcoins to an external address. On the 21st (Korean time), according to Arkham Intelligence, about 25 minutes ago Strategy transferred 1279 bitcoins to

"Strategy vice chairman sells 5200 Strategy shares"

On the 21st (Korean time), BitcoinTreasury.net reported via X (formerly Twitter) that Strategy vice chairman Xiao Weiming sold 5200 Strategy shares at an average price of $202.

Animoca Brands and Hangfeng Technology Innovation sign MOU to build RWA ecosystem

Animoca Brands announced on the 21st that it had signed a strategic memorandum of understanding (MOU) with Hong Kong's Hangfeng Technology Innovation to build a real-world asset (RWA) ecosystem. Hangfeng will provide corporate advisory and asset mana

"Bitcoin's Weekly Returns Fall to Lowest Level of the Year"

The leading virtual asset (cryptocurrency), Bitcoin (BTC), appears to be having its worst week of the year. On the 21st (Korean time), cryptocurrency analyst CryptoDan said on X (formerly Twitter) that "this year Bitcoin is experiencing the second wo

Meme coins plunge to year-to-date low... $5 billion wiped from market cap

As the virtual asset (cryptocurrency) market shows an overall downward trend, meme coins are particularly weak. On the 21st (Korean time), according to cryptocurrency outlet Cointelegraph, meme coin market capitalization fell sharply from $44 billion

Binance CEO "Bitcoin volatility no different from traditional finance"

There have been opinions that, despite recent extreme volatility in Bitcoin (BTC), it is still a healthy level of correction. On the 21st (Korean time), according to Cointelegraph, Richard Teng, Binance CEO, said at a meeting, "All asset classes have

'Last bastion' Strategy falls 3.86% in pre-market trading

Amid a deepening decline in the leading crypto asset Bitcoin (BTC), Strategy (formerly MicroStrategy) is seeing its stock weaken. On the 21st (Korean time) at 7:51 p.m. in the Nasdaq pre-market, Strategy is trading at 170.30 dollars, down 3.86% from

Ki Young Ju "Bitcoin will take another 3–6 months to recover"

The Bitcoin (BTC) market has shown weaker-than-expected performance, prompting analysis that a strong recovery may be difficult over the next 3–6 months. The outlook is that the bull market will resume next year, when liquidity is fully released. On