Uk Jin

XRP spot ETF launch imminent?…Grayscale finalizes management fee

Attention is focused on whether an XRP (XRP) spot exchange-traded fund (ETF) could be launched soon. Asset manager Grayscale has completed the fee-setting conducted prior to an ETF listing. On the 4th (Korean time), crypto asset (cryptocurrency) spec

Early investor Owen Gunden deposits $137 million worth of Bitcoin to Kraken

One of Bitcoin (BTC)'s early investors, Owen Gunden, deposited a large amount of Bitcoin to a centralized exchange (CEX). On the 4th (KST), according to OnChainLens, Gunden deposited 1,288.76 bitcoins to Kraken. As of 9:15 AM, Bitcoin was trading at

Anonymous group '7 Siblings' buys 10,861 Ethereum

The virtual asset (cryptocurrency) market is showing weakness, but buying pressure from some whales continues. On the 4th (KST), according to OnChainLens, an anonymous group called '7 Siblings' borrowed $40 million from Aave (AAVE) to purchase 10,861

Crypto Fear and Greed Index records 21 points…enters extreme fear

On the 4th, according to virtual asset (cryptocurrency) data provider Alternative.me, the Crypto Fear and Greed Index recorded 21, down 21 points from the previous day. As of 9 a.m. that day, Bitcoin (BTC) was trading at 106,461 dollars on CoinMarket

Solana plunges 20% in a week despite robust ETF inflows

Solana (SOL) price has fallen by about 20% over the past week. As of 8:35 AM on the 4th (Korean time), CoinMarketCap shows Solana is down 11.16% from the previous day at 165.67 dollars. This represents a 17% decline compared to the previous week. Thi

[Today's major economic & cryptocurrency schedule] S. Korea October consumer price index, etc.

<Today's major economic schedule> ▶︎4 (Tue) : △S. Korea October consumer price index, △U.S. Department of Labor JOLTS <Today's major cryptocurrency schedule> ▶︎4 (Tue) : △Polkadot(DOT) hub launch

Wintermute CEO "No plans to sue Binance"

Wintermute said it has no intention of suing Binance. On the 4th (Korean market), Evgeny Gaevoy, Wintermute CEO, said on X (formerly Twitter), "(The rumor that Wintermute is considering a lawsuit against Binance) is baseless," adding, "We had no plan

Bitmain closes down about 8% despite additional Ethereum purchases

Bitmain, which is carrying out an Ethereum (ETH) reserve business, showed weakness during the session. On the 3rd (local time), according to crypto-focused media outlet The Block, Bitmain closed at $42.86, down 8.12% from the previous day. Despite ha

Bitcoin collapses below $106,000

Grayscale sets 0.35% fee for spot XRP and Dogecoin ETFs

Trump: "The U.S. must be No.1 in the virtual asset industry… we can't give it to China"

U.S. President Donald Trump maintained that virtual assets (cryptocurrencies) are a strategic industry for the United States. He said he would not cede leadership in competition with China. On the 4th (Korean time), according to WatcherGuru, Presiden

Ripple acquires Palisade wallet firm…expands institutional payments business

Ripple is acquiring Palisade, a virtual asset (cryptocurrency) wallet and custody company. On the 4th (Korean time), according to crypto news outlet CoinDesk, Ripple plans to integrate Palisade's 'Wallet-as-a-Service' platform into its institutional

Bitcoin briefly tops $107,000

Deputy Prime Minister and Financial Services Commission to hold closed-door meeting tomorrow…discussing stablecoins, etc.

Deputy Prime Minister and Minister of Economy and Finance Koo Yoon-cheol will hold a closed-door meeting with Financial Services Commission Chairman Lee Eok-yeon to discuss stablecoins (virtual assets whose value is linked to fiat currency) and other

Decentralized exchange trading volume hits record high in October

Decentralized exchange (DEX) trading volume surged in October to a record high. On the 3rd (Korean time), crypto outlet The Block, citing DeFiLlama data, reported that October DEX trading volume reached $613.3 billion, a record high. By exchange, Uni

Hong Kong to allow global liquidity access to virtual asset exchanges

Hong Kong has decided to allow access by global capital to virtual asset (cryptocurrency) exchanges. The move is seen as a measure to boost trading activity. According to Bloomberg on the 3rd (Korean time), Julia Leung, chairperson of the Hong Kong S

XRP down 3% from previous day…fails to break $2.55 resistance

XRP (XRP) is showing weakness intraday. It appears to have failed once again to break the $2.55 resistance level. As of 1:15 p.m. on the 3rd (KST), XRP was trading at $2.42, down 3.11% from the previous day, according to CoinMarketCap. Cryptocurrency

Bitcoin, falls below 108,000 dollars

Aster jumps 12% intraday… Changpeng Zhao's 2.5 million dollars investment impact

Decentralized exchange (DEX) 'Aster (ASTER)' is showing intraday strength. The token's price is believed to have surged after Changpeng Zhao, Binance co-founder, said he bought the token with personal funds. As of 12:53 PM on the 3rd (KST), Aster is

Experts divided over DAT asset sales…"Market normalization" vs "Death Spiral"

Concerns are growing about the digital asset treasury (DAT · Digital Asset Treasury) business. Some treasuries have been selling their held digital assets to buy back their own shares. However, some argue these measures are part of market normalizati

Bitcoin continues to decline…gives back 109,000 dollars

UXLINK scheduled for delisting, down 43% from the previous day

UXLINK(UXLINK) is experiencing a sharp intraday decline. As of 11:11 AM KST on the 3rd, UXLINK is trading on Upbit at 22.3 won, down 42.82% from the previous day. UXLINK is scheduled to be delisted from domestic exchanges at 3 PM that day. Earlier la

STO full-scale start?…LucentBlock·KDX·NTX, apply for preliminary approval for fractional investment OTC exchange

As a result of accepting applications for preliminary approval for fractional investment OTC exchanges (distribution platforms), a total of three companies submitted applications. The Financial Services Commission announced on the 31st that, as a res

"XRP spot ETF expected to launch within 2 weeks"

A spot exchange-traded fund (ETF) for XRP may be launched within two weeks. On the 3rd (Korean time), Nate Geraci, chairman of Novadious Wealth, said on X (formerly Twitter), "I expect the first XRP spot ETF to be launched within the next two weeks."

[Analysis] "Bitcoin: Individual accumulation active on Sundays… Trading is highest on Mondays"

Individual investors were found to trade Bitcoin (BTC) most on Sundays. On the 3rd (Korea time), CryptoQuant contributor XWIN Research Japan said in a report, "After analyzing six months of on-chain data to identify Bitcoin's weekly rhythm, Sunday Bi

Virtual assets Fear and Greed Index records 42 points… up 5 points from previous day

According to virtual asset (cryptocurrency) data provider Alternative, the virtual assets Fear and Greed Index rose 5 points from the previous day to 42. As of 9 a.m. that day, Bitcoin (BTC) was trading at 110,507 dollars on CoinMarketCap, up 0.46% f

One in three 100-million-won asset holders is MZ…"Result of active investing"

On the 3rd, according to Hana Financial Research Institute, the proportion of the MZ generation (born in the 1980s–2000s) among the 'Mass Affluent' holding financial assets of 100 million won or more rose from 19.8% in 2022 to 33.6% last year. This m

EigenCloud, SharpLink to pursue $200 million Ethereum restaking

EigenCloud said on the 3rd that it is pursuing an Ethereum restaking cooperation with Nasdaq-listed SharpLink Gaming. SharpLink plans to deploy up to $200 million (about KRW 285,380,000,000) of Ethereum on Ethereum Layer 2 Linea in cooperation with E

[Today's Major Economic·Cryptocurrency Schedule] US October Manufacturing PMI, etc.

<Today's major economic schedule> ▶︎3 (Mon) : △Caixin China October Manufacturing PMI, △US October Manufacturing PMI <Today's major cryptocurrency schedule> ▶︎3 (Mon) : △Sonic (S) mainnet upgrade

Elizabeth Warren rebuts Changpeng Zhao's defamation claim…"Based on facts"

U.S. Senator Elizabeth Warren drew a line against legal action over Binance founder Changpeng Zhao (CZ)'s defamation claim, saying "the remarks are based on fact." On the 3rd (Korean time), according to virtual asset (cryptocurrency) specialist media