Uk Jin

Hong Kong’s Financial Secretary: “Virtual assets are part of financial innovation…they must develop gradually under prudent regulation”

Hong Kong Financial Secretary Paul Chan voiced a positive stance on virtual assets (cryptocurrencies), while stressing the need for a cautious approach under regulation. On the 10th (Korea time), Chan appeared on Hong Kong public broadcaster RTHK and

Pump.fun acknowledges flaws in its existing fee regime…launches sweeping overhaul

Pump.fun, a Solana (SOL)-based meme-coin issuance platform, is moving to revamp its fee system. According to Cointelegraph, a cryptocurrency-focused outlet, on the 10th (Korea time) Alon Cohen, a co-founder of Pump.fun, said on X (formerly Twitter) t

'NFT Paris 2026' canceled amid slump in the NFT market

'NFT Paris 2026', regarded as one of the world’s largest non-fungible token (NFT) events, has been canceled about a month before its opening. According to Katenna on the 10th (Korea time), the organizers of NFT Paris officially announced the cancella

"The Department of Government Efficiency (DOGE) was dissolved early"… memecoin jumps 100,000% in a week

The memecoin DOGE (Department Of Government Efficiency) has surged over the past week. As of 3:40 a.m. on the 10th (KST), DOGE was trading at $0.1393, down 2.13% from the previous day on CoinMarketCap. While it posted losses on the day, it still mark

"U.S. Supreme Court not expected to rule today on Trump’s reciprocal tariffs"

On June 9 (local time), Walter Bloomberg, an economic breaking-news channel, reported that "the U.S. Supreme Court is not expected to issue a ruling today finding the tariff policy of the Donald Trump administration unconstitutional." The Supreme Cou

UK to introduce new regulatory framework for crypto assets…even currently registered firms must seek reauthorisation

The UK financial regulator is introducing a new regulatory framework to bring crypto assets (cryptocurrencies) into the regulated mainstream. According to CoinDesk, a crypto-asset industry publication, the Financial Conduct Authority (FCA) said in a

Will the US Supreme Court rule at midnight tomorrow on whether the reciprocal tariffs are unconstitutional? Global markets on alert

Speculation is growing that the US Supreme Court will issue a ruling at 10 a.m. local time on the 9th (midnight on the 10th in Korea) on the Donald Trump administration’s “reciprocal tariffs,” drawing intense attention from the market over the potent

U.S. adds 50,000 nonfarm jobs in December, below estimates

U.S. employment data for last month came in below market expectations. The U.S. Department of Labor said on Dec. 9 (local time) that nonfarm payrolls rose by 50,000 from the previous month in December. The figure fell short of the market forecast of

Ripple secures UK financial regulator approval

Blockchain-based cross-border payments company Ripple is expected to expand in earnest into the UK. According to CoinDesk, a cryptocurrency-focused media outlet, Ripple’s UK subsidiary “Ripple Markets UK” has obtained approval from the UK Financial C

BNY Mellon Launches Tokenized Deposits Service

BNY Mellon (BNY), the largest custodian bank in the United States, is moving to expand its business using digital assets. According to Bloomberg on the 9th (Korea time), BNY said in a statement that it will launch a blockchain-based “tokenized deposi

Polygon surges 12% from prior day…Investor sentiment strengthens on business expansion prospects

Polygon (POL), an Ethereum (ETH) Layer 2 network, is showing intraday strength. As of 8:50 p.m. on the 9th (Korea time), Polygon was trading at $0.1451, up 11.82% from the previous day on CoinMarketCap. Trading volume also rose 131.7% from the prior

Stablecoin payments firm Rain raises $250 million…valued at $1.95 billion

Rain, which provides stablecoin (crypto assets pegged to the value of fiat currencies) payment services, is reported to have recently secured a major fundraising round. According to Bloomberg on the 9th (Korea time), Rain said it has completed a $250

"Zcash sees sharp drop in developer activity over past two months… token price also falls amid governance dispute"

Network activity for privacy-focused crypto asset (cryptocurrency) Zcash (ZEC) appears to have deteriorated sharply in recent weeks. On the 9th (KST), crypto news outlet Cointelegraph, citing data from Santiment, reported that Zcash’s developer activ

Colombia to require crypto exchanges to submit transaction and user data, tightening tax reporting obligations

The Colombian government is tightening tax reporting requirements for virtual asset (cryptocurrency) exchanges. According to Atlas21 on the 9th (Korea time), Colombia’s National Tax and Customs Directorate (DIAN) announced Bill No. ‘000240’ on Dec. 2

SharpLink stakes $170 million worth of Ethereum on Linea

SharpLink Gaming (SharpLink), an Ethereum (ETH) treasury company, has staked a large amount of Ethereum. According to Decrypt, a virtual-asset (cryptocurrency) news outlet, on the 9th (Korea time) SharpLink staked $170 million (about KRW 230 billion)

Bitcoin Falls Below $90,000

New York state reintroduces bill to regulate prediction markets… "Seeks to ban political and single-game betting"

A bill has been introduced in New York state to tighten regulation of prediction markets. According to Cointelegraph, a cryptocurrency-focused media outlet, on the 9th (Korea time), the New York State Legislature reintroduced a bill centered on banni

[Analysis] "Bitcoin open interest at its lowest level since 2022…could be a precursor to a rebound"

Bitcoin (BTC) derivatives open interest—a key gauge of market activity—has plunged. On the 9th (KST), CryptoQuant contributor Arab Chain wrote in a report that “the 30-day open interest change indicator in the current Bitcoin market has dropped sharp

Truebit Suffers $26.5 Million Hack Losses as Token Value Crashes to 0 Won

Truebit Protocol (TRU), an Ethereum (ETH)-based blockchain verification computing project, plunged intraday after suffering losses from a large-scale hacking attack. According to PeckShield, a cryptocurrency security firm, the hacker targeted Truebit

"Japan Seen Holding Policy Rate This Month… Economic Growth Forecasts Likely to Be Revised Up"

The Bank of Japan (BOJ) is expected to keep its policy rate unchanged this month. According to Bloomberg on the 9th (Korea time), a BOJ official said, "At the Monetary Policy Meeting scheduled for the 22nd–23rd, the Bank of Japan is likely to revise

Solv Protocol begins partnership with BNB Chain…expands institutional Bitcoin-based RWA market

Solv Foundation, which operates Solv Protocol (SOLV), said on the 8th that it has entered into a strategic partnership with BNB Chain and will work to broaden institutional access to the real-world asset (RWA) market. Through the collaboration, Solv

"Financial institutions must overhaul internal control frameworks to adopt digital assets such as stablecoins"

As the institutionalization of digital assets such as stablecoins (digital assets whose value is pegged to fiat currency) accelerates, discussions in the financial sector are also gaining momentum on expanding digital-asset-related services. However,

"Earns 200 million won a day with Ethereum"…World’s largest ETH holder accelerates staking

Secure an additional 100 billion won in annual profit Use staking to shore up DAT weaknesses "Possibility of more Ethereum treasuries" "Could act as upward pressure on the price" Bitmine, the world’s largest holder of Ethereum (ETH), is accelerating

Bitcoin ATM scams rampant… Last year's losses $333 million

Scams exploiting Bitcoin (BTC) ATMs surged last year. On the 3rd (Korean time), Business Insider cited data from the U.S. Federal Bureau of Investigation (FBI) and reported that about 10,000 people were victimized by AATM scams last year, with losses

[Analysis] "XRP, Whether the $2 Support Holds Is Important"

XRP (XRP) was showing intraday strength, and analysis said that defending the $2 level is important to maintain the uptrend. As of the 3rd (Korean time) at 10:35 PM, XRP is trading at $2, up 5.37% from the previous day. Crypto-focused outlet CoinDesk

BlackRock IBIT ranks 6th in 2025 ETF rankings…returns are negative

BlackRock's spot Bitcoin (BTC) exchange-traded fund (ETF) remained among the top ETFs by assets last year. However, returns lagged due to Bitcoin's weakness. On the 3rd (Korean time), Eric Balchunas, a Bloomberg ETF analyst, released 2025 ETF perform

Virtual asset phishing losses down 83% last year…"Attempts remain active"

Over the past year, losses of virtual assets (cryptocurrencies) due to phishing attacks have fallen sharply. However, phishing attack attempts still showed an increasing trend. On the 3rd (Korea time), crypto-focused outlet Cointelegraph, citing a re

Two of Italy's top five billionaires are figures in the crypto asset industry

Two of Italy's five richest people were found to be figures in the crypto asset (cryptocurrency) industry. On the 3rd (Korean time), Spazio Crypto reported that Giancarlo Devasini and Paolo Ardoino ranked 3rd and 5th, respectively, among Italy's top

Jupiter co-founder "Token price impact limited... considering stopping buybacks"

Jupiter (JUP), a decentralized exchange (DEX) based on Solana (SOL), is reviewing whether to stop token buybacks. On the 3rd (KST), according to Cryptopolitan, a crypto asset (cryptocurrency) specialized media, Si-ong Ong, Jupiter co-founder, said vi

Bitdeer achieves 2,000 Bitcoin holdings

Bitcoin (BTC) mining company Bitdeer has reached holdings of 2,000 Bitcoins. On the 3rd (Korean time), Bitdeer reported its weekly Bitcoin holdings via X (formerly Twitter). Bitdeer mined 147.4 Bitcoins and sold 145.7 of them. The net increase in Bit