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With global financial markets focused on a potential rate cut by the Federal Reserve (Fed) in September, opinions have emerged that the Fed may carry out a big cut (cutting rates by 50bp). On the 8th (Korean time), Jinsi News reported that Standard C
Ethereum (ETH) appears unable to mount a rebound. As of 12:36 PM KST on the 8th, CoinMarketCap reports Ethereum is trading at 4317 dollars, up 0.44% from the previous day. Although it rose slightly that day, its rate of increase is lower compared to
On the 7th (local time), decentralized perpetual futures exchange Aster (ASTER) announced via X (formerly Twitter) that it will hold a token reveal event on the 17th. An airdrop of 704,000,000 tokens will also be conducted along with the token reveal
Metaplanet, known as Japan's Strategy (formerly MicroStrategy), has purchased additional Bitcoin (BTC). On the 8th (KST), Simon Gerovich, Metaplanet CEO, announced via X (formerly Twitter) "Metaplanet purchased 136 bitcoins at an average price of $11
Danal said on the 8th that it will formally pursue a Korean won-based stablecoin (a virtual asset whose value is linked to a fiat currency) project. It was reported that in the process it will consider using Ripple's blockchain network, the XRP Ledge
Hong Kong-listed companies are showing signs of actively beginning to accumulate virtual assets (cryptocurrencies). On the 8th (Korean time), according to China's Phoenix Net, Hong Kong-listed Yunfeng Financial, in which Alibaba founder Jack Ma and o
The issuer of the stablecoin USDe, Etena (ENA), appears poised to enter the bidding competition for issuance rights of Hyperliquid (HYPE)'s platform-exclusive stablecoin USDH. On the 8th (Korea time), Etena's developer Etena Labs said on X (formerly
The government plans to make it mandatory to include in the funding plan the proceeds from virtual assets (cryptocurrencies) when they are cashed out to purchase real estate. According to industry sources on the 7th, the government announced measures
Attention is focused on whether the issuer of the Korean-won stablecoin (a virtual asset pegged to fiat currency) will be concretely defined. The State Affairs Planning Committee is reportedly preparing a plan to designate the issuer of the Korean-wo
Anonymous Bitcoin (BTC) creator Satoshi Nakamoto could return to the industry in the future if needed. On the 8th (Korean time), according to crypto asset (cryptocurrency) specialist media Decrypt, Joseph Shalom Shaplink, CEO of Shaplink Gaming, clai
Whales holding large amounts of virtual assets (cryptocurrencies) appear to be accumulating Hyperliquid (HYPE) tokens in large quantities. On the 8th (Korean time), according to OnChainLens, one whale recently deposited 2.05 million dollars (about 2.
On the 8th, according to Alternative, a virtual asset (cryptocurrency) data provider, the virtual asset Fear & Greed Index recorded 51 points, rising 7 points from the previous day. As of 9 a.m. that day, Bitcoin (BTC) was trading at $111,146 on Coin
Somnia(SOMI) is showing strength for two consecutive trading days. As of 8:57 a.m. on the 8th (Korea time), Somnia is trading at 1.65 dollars, up 60.66% from the previous day, based on CoinMarketCap. Somnia also recorded an intraday gain of 55% the p
The world's largest exchange Binance reportedly saw large withdrawals of certain altcoins. On the 8th (Korean time), CryptoQuant contributor Burakesmesi said in a report, "Fetch.ai (FET), Amp (AMP), Synthetix (SNX), 0x Protocol (ZRX), and Ankr (ANKR)
With Japan's Prime Minister Shigeru Ishiba announcing his resignation, uncertainty in the financial markets appears to be widening. On the 8th (Korean time), Bloomberg reported that Prime Minister Ishiba had decided to resign. Behind Ishiba's resigna
<Today's Major Economic Schedule> ▶8 (Mon) : △Japan 2nd quarter Gross Domestic Product (GDP), △August New York Federal Reserve Bank Expected Inflation <Today's Major Cryptocurrency Schedule> ▶8 (Mon) :△dydx proposal 275 vote △Lido(LIDO) migration vot
The Bank of Korea and commercial banks are planning an experiment to disburse government subsidies using digital currency. On the 8th (Korea time), according to the industry, the Bank of Korea's Digital Currency Office has, since the end of August, a
The South American country El Salvador, which adopted Bitcoin (BTC) as legal tender, marked four years of Bitcoin accumulation. On the 7th (local time), President Nayib Bukele posted on X (formerly Twitter), "To celebrate Bitcoin Day, we purchased 21
Ethereum (ETH) Layer-2 network Kinto is shutting down due to a hack that occurred last July. On the 7th (local time), crypto-focused outlet The Block reported that Kinto will cease operations on September 30. The reason for Kinto's shutdown is a larg
The publicly listed company Strategy (formerly MicroStrategy), which holds the most Bitcoin (BTC) in the world, is suspected to be making additional purchases of Bitcoin. On the 7th (local time), Michael Saylor, Strategy's CEO, posted a 'Saylor Track
There are opinions that the introduction of stablecoins (virtual assets whose value is pegged to fiat currency) will be accelerated by artificial intelligence (AI) agents. On the 8th (Korea time), according to Forbes, Sean Stein Smith, a professor at
Crypto Now Escaping weakness as hopes for rate cuts grow Record-high gold prices also influential The leading cryptocurrency Bitcoin surpassed $110,000 again earlier this month. Attention is focused on whether it can overcome the so-called 'September
Egypt-based blockchain fintech firm Munify said on the 7th that it had raised $3 million (about KRW 4 billion) in seed funding. The funding round was led by Y Combinator, with investors including Digital Currency Group (DCG). Munify provides services
Stablecoin (a virtual asset whose value is pegged to fiat currency) infrastructure firm Paxos has reportedly proposed issuing a Hyperliquid ecosystem–exclusive stablecoin called 'USDH'. On the 7th (Korean time), crypto-focused outlet Cointelegraph re
<Next week's major economic schedule> ▶8th (Mon) : △Japan Q2 Gross Domestic Product (GDP), △August New York Federal Reserve expected inflation ▶9th (Tue) : △Preliminary annual benchmark revision reflecting Q1 Employment and Wage Survey, △Eurozone fin
It was suggested that virtual assets (cryptocurrencies) could be used as a payment method for artificial intelligence (AI). On the 7th (Korean time), Changpeng Zhao, Binance founder, said on X (formerly Twitter), "AI is a rapidly growing field," and,
Exchange deposits of stablecoins (virtual assets whose value is linked to fiat currency), the core liquidity of the virtual asset (cryptocurrency) market, have surged. On the 7th (Korea time), CryptoQuant contributor 'XWIN Research Japan' wrote in a
Recent data show that major exchanges' Ethereum (ETH) holdings have plunged over the past two months. On the 7th (Korean time), CryptoQuant contributor CryptoOnChain said in a report that "they have decreased by more than 2.6 million from late June t