Uk Jin

Ctrl Wallet to Shut Down Service After Security Incident

Multichain crypto wallet Ctrl Wallet will shut down its service following a security incident last month. Cointelegraph reported on July 7 that Ctrl Wallet will disable all in-app functions, including transfers, receipts and swaps, starting Aug. 3. A

China’s DeepSeek Developing In-House AI Chip to Cut Nvidia Reliance, Reuters Reports

Chinese artificial intelligence startup DeepSeek has started developing its own AI chip, Reuters reported. Citing sources on July 7, Reuters said DeepSeek is building an in-house chip designed for inference, the stage in which AI models generate resp

Digital Chamber Urges Court to Reject Claims on Dormant Bitcoin Wallets

The Digital Chamber, a US digital-asset industry group, filed an amicus brief urging a New York state court to dismiss a lawsuit over the ownership of dormant Bitcoin wallets. Cointelegraph reported on July 7 that the group argued in its filing that

Analysis: On-Chain Metric Points to Further Bitcoin Declines

An on-chain analysis suggests Bitcoin (BTC) may face further losses in the current bear market. Cointelegraph reported on July 7 that CryptoQuant contributor Thechesonchain wrote in a report that, compared with past bear markets, Bitcoin remains vuln

Binance Adds 10 Tokenized Stocks to Margin Collateral List

Binance has added 10 tokenized stocks, known as bStocks, as eligible collateral for margin trading. The exchange said July 7 that the newly added qualifying collateral assets are Alphabet (GOOGLB), Qualcomm (QCOMB), Coinbase (COINB), SPDR S&P 500 ETF

XRPL Korea Concludes KFIP 2026 Demo Day in Seoul

Catalyze, the operator of XRPL Korea, said Tuesday that the Korea Fintech Innovation Program 2026, a digital-asset acceleration program it co-hosted with Seoul Fintech Lab, wrapped up with a demo day on June 25 at IFC Two in Seoul's Yeouido district.

Analysis: Crypto Market Holds Firm After Strategy’s Record 3,588-Bitcoin Sale, Seen as Liquidity Move

The crypto market remained steady overnight even after Strategy, the world’s largest corporate holder of Bitcoin, sold a large amount of the token, in what one analyst said investors interpreted positively. On July 7, CryptoQuant contributor Axel Adl

Coinbase’s Base to Activate B20 Token Standard on Mainnet July 9

Base, the layer-2 blockchain developed by Coinbase, will activate its B20 token standard on its mainnet on July 9. Odaily reported on July 7 that Base plans to officially enable the B20 token standard on its mainnet at 3 a.m. Korea Standard Time on J

Coinbase Bitcoin Premium Stays Negative for 50 Trading Days, Longest Streak on Record

The Coinbase Bitcoin Premium Index has remained in negative territory for 50 consecutive trading days. ODaily, citing CoinGlass data on July 7, reported that the Coinbase Bitcoin Premium Index has stayed negative for 50 straight days since May 19. Th

Kookon Completes Stablecoin Payment Proof of Concept With iM Bank, Vitoz

Kookon said July 7 that it completed a proof of concept for stablecoin payments with iM Bank and Vitoz, linking a blockchain-based payment system with existing financial infrastructure. Using its payment-data application programming interface, or API

Tether Plans Return of USDT Issuance on Bitcoin Network

Tether plans to issue its USDT stablecoin on the Bitcoin network again. Wu Blockchain reported on July 7 that Tether plans to issue USDT on the Bitcoin network using RGB Protocol v0.11.1. The service may begin as early as this month. The move would b

Memecoins Lose Steam as Share of Altcoin Market Cap Hits Lowest Since February 2024

Memecoins are rapidly losing their presence in the crypto market, with their share of total altcoin market capitalization falling sharply. Darkfost, a CryptoQuant contributor, wrote on X on July 5 that the number of investors holding memecoins is at

This Week’s Key Economic and Crypto Events: June FOMC Minutes Due

This Week’s Key Economic Events ▶ July 6 (Monday): US June S&P Global Services PMI (10:45 p.m. Korea Standard Time); US June ISM Non-Manufacturing PMI (11 p.m. Korea Standard Time); speech by Federal Reserve Governor Christopher Waller (July 7, 12 a.

Barstool Founder Portnoy Says He’ll Keep Holding Bitcoin After Buying Near $100,000

Barstool Sports founder Dave Portnoy said he is sitting on steep losses after buying Bitcoin near $100,000, but this time he does not plan to sell. Portnoy recently told Fox Business that Bitcoin tends to surge after he sells it, CoinDesk reported on

North Korea, Russia, Iran Used Crypto to Evade US Sanctions, Receiving More Than $100 Billion

Crypto addresses linked to US-sanctioned countries and groups received more than $100 billion last year, the Wall Street Journal reported. Citing blockchain analytics firm Chainalysis, the Journal said July 4 that crypto addresses tied to sanctioned

Peter Brandt Says He’s Considering Selling Bitcoin to Buy Gold

Veteran trader Peter Brandt said gold could outperform Bitcoin. In a post on X on July 5, Brandt wrote that he is considering selling Bitcoin to buy gold. He said gold could rise significantly relative to Bitcoin. Gold and Bitcoin have been among the

Digital Assets Trail AI, Big IPOs, but Fundamentals Are Strengthening

Digital assets such as Bitcoin have lagged this year even as U.S. stocks advanced, but the weakness appears temporary and a rebound remains possible, according to a recent analysis. CoinDesk reported on July 5 that asset managers Hashdex and Charles

Tokenization’s Biggest Opportunity Is in Customized Portfolios, NYLIM’s Cai Says

The biggest opportunity for tokenization is not in payments or trading efficiency, but in building customized portfolios for investors, Thomas Cai, head of multi-asset solutions at New York Life Investment Management, said. In an interview with CoinD

Kalshi June Trading Volume Hits Record $9.4 Billion on World Cup Boost

US prediction-market platform Kalshi posted a record monthly trading volume in June, lifted by the World Cup. Cointelegraph, citing DefiLlama data, reported on July 5 that Kalshi's June trading volume reached about $9.4 billion. That was a 77% increa

Kraken Launches Futures, Margin Trading Backed by Tokenized Stocks, ETFs

Kraken has launched a service that allows users to trade futures and on margin using tokenized stocks and exchange-traded funds as collateral. Cointelegraph reported on July 5 that Kraken will accept 10 tokenized stocks and ETFs as collateral, includ

Crypto Fear & Greed Index Rises to 23, Stays in Extreme Fear

The Fear & Greed Index, a measure of investor sentiment in the cryptocurrency market, remained in extreme fear territory. According to Alternative on July 5, the index rose 1 point from a day earlier to 23. Even so, it remained in the extreme fear ra

Vitalik Buterin Outlines ‘Lean Ethereum’ Roadmap as Next Major Network Upgrade

Ethereum co-founder Vitalik Buterin has outlined a roadmap for the network’s future development called “Lean Ethereum.” In a post on X on July 5, Buterin wrote that Ethereum researchers met in Berlin two weeks earlier to discuss the project’s long-te

Moonbeam Moves From Polkadot to Base to Build AI Agent Network

Moonbeam, an interoperability protocol, is moving its ecosystem from Polkadot to Base, an Ethereum layer-2 network, to build a communications and payments network for artificial intelligence agents. Cointelegraph reported on July 5 that Moonbeam is s

Analysis: Dogecoin Active Addresses Near 50,000 as On-Chain Activity Rises

The number of active addresses on the Dogecoin (DOGE) network has climbed to nearly 50,000 in recent days, signaling stronger on-chain activity. On July 4, on-chain analyst Ali Martinez wrote on X, formerly known as Twitter, that activity on the Doge

Binance CEO Says MiCA Needs Consistent Enforcement to Succeed in EU

As the European Union's Markets in Crypto-Assets regulation takes full effect, Binance Chief Executive Officer Richard Teng said the key to MiCA's success is not just the rulebook itself, but consistent and predictable enforcement. In a CoinDesk op-e

US, Iran Plan Next Round of Talks in Pakistan on July 11

Tether CEO Questions Sustainability of Big Tech AI Spending, Citing Profitability Concerns

Paolo Ardoino, chief executive officer of Tether, said major artificial intelligence companies are continuing to spend heavily to win users rather than prioritize profitability. Writing on X, formerly known as Twitter, on July 4, Ardoino said AI big

NYT Says 1 Million Trump Memecoin Investors Lost $3.81 Billion

About 1 million investors in a memecoin tied to U.S. President Donald Trump have incurred combined losses of $3.81 billion, the New York Times reported. The newspaper, citing data from crypto analytics firm Nansen, said the losses were recorded as of

Active Bitcoin Traders Face Average 20% Loss as Cycle Bottom Remains Elusive

Bitcoin has fallen below the average cost basis of active traders, pushing the market into a broader loss zone. Even so, the current drawdown does not yet suggest this cycle has reached its bottom when measured against prior bear-market lows. Darkfos

Tim Draper Denies Selling Bitcoin, Reiterates $250,000 Price Target

Billionaire investor Tim Draper, one of Bitcoin's most prominent bulls, denied allegations that he recently sold a large amount of the cryptocurrency. Draper told Cointelegraph on July 4 that he had not touched his Bitcoin holdings. He added that Bit