Uk Jin

[Analysis] "Bitcoin open interest increases even amid weakness…macroeconomic variables should be watched"

On that morning, even as the leading crypto asset Bitcoin (BTC) plunged, open interest was found to have increased. Open interest refers to the size of positions accumulated in the futures market and is an indicator that shows the investment demand i

Lido co-founder sold 14,585 Ethereum about an hour ago

A co-founder of Lido (LDO), an Ethereum (ETH)-based liquid staking protocol, sold a large amount of Ethereum. On the 16th (Korean time), according to Lookonchain, Konstantin Romashuk, co-founder of Lido, sold 14,585 Ethereum about an hour ago at 2,82

Bitcoin-holder KindlyMD faces Nasdaq delisting risk after failing to meet share price requirement

KindlyMD, a U.S. healthcare and Bitcoin (BTC) treasury company, faces delisting risk after failing to meet Nasdaq's minimum share price requirement. According to CoinDesk on the 16th (Korean time), Nasdaq delivered a notice of non-compliance, saying

Gemini launches prediction market service 'Gemini Predictions' across the U.S.

Cryptocurrency exchange Gemini is launching a prediction market service across the United States. On the 16th (Korean time), according to cryptocurrency-focused outlet Cointelegraph, Gemini said it will offer its prediction market platform 'Gemini Pr

'World's highest IQ' Kim Young-hoon publicly supports Dogecoin

Mr. Kim Young-hoon, known to hold the highest IQ record in the world, suddenly mentioned Dogecoin (DOGE). On the 16th (Korean time), Mr. Kim said on his X (formerly Twitter), "I am a fan of Dogecoin." His remark created a stir in the Dogecoin communi

Mastercard, ADI Foundation to introduce stablecoin payments in the UAE

Mastercard is partnering with Abu Dhabi-based ADI Foundation(ADI Foundation) to build a payment system in the United Arab Emirates (UAE) that uses stablecoins (crypto assets pegged to fiat currency). On the 16th (Korean time), according to crypto-foc

14 of the 25 Largest U.S. Banks Are Developing Bitcoin-Related Products

Currently, many major U.S. banks appear to be developing products related to Bitcoin (BTC). On the 16th (KST), according to Bitcoin financial services firm River, 14 of the 25 largest U.S. banks are preparing Bitcoin-related services. The main produc

Despite Bitcoin's plunge…"Whale investors quickly moved to buy the dip"

The leading cryptocurrency Bitcoin (BTC) has continued to show weakness recently, but some large investors have been buying Bitcoin at a rapid pace. On the 16th (Korean time), crypto-focused media Cointelegraph, citing Glassnode data, reported that '

Nexo named official partner of the Australian Open

Nexo (NEXO) announced on the 16th that it has signed a multi-year deal with Tennis Australia to become the official virtual asset (cryptocurrency) partner of the 2026 Australian Open. The contract also covers the 'summer tennis' series, including the

Japan's SBI teams up with Startale to begin development of a yen stablecoin… targets Q2 release next year

Startale Group, a Japanese blockchain company, announced on the 16th (local time) that it will jointly develop a yen-based stablecoin (a virtual asset whose value is pegged to a fiat currency) with SBI Holdings, Japan's largest financial group. That

Solana to host Singapore dollar on‑chain… "Blockchain-based forex trading opens up"

Crypto asset infrastructure firm StraitX is launching Singapore dollar- and U.S. dollar-based stablecoins (virtual assets pegged to fiat currency) on Solana (SOL). Immediate exchange between the two currencies on Solana is also expected to become pos

Galaxy·Invesco Solana ETF begins trading on CBOE from the previous day

The Chicago Board Options Exchange (CBOE) said on the 16th that it began trading an exchange-traded product (ETP) for Solana (SOL) jointly launched by Galaxy Digital and Invesco from the previous day. The product's ticker is QSOL, and trading takes p

"Virtual asset market overall underperformed Bitcoin over the past 3 months"

Over the past 3 months the overall virtual asset (cryptocurrency) market has undergone a correction, and Bitcoin (BTC) has shown relatively better performance compared with most sectors. According to crypto outlet Cointelegraph on the 16th (Korean ti

Whale investor withdraws 600 Bitcoins from Bybit

A whale investor withdrew a large amount of Bitcoin (BTC) from an exchange. On the 16th (Korean time), according to Onchain Lens, a whale investor withdrew 600 Bitcoin from their Bybit account. The whale investor holds a total of 1099 Bitcoin, which

UK financial regulator begins drafting virtual asset regulations…seeks input from across the industry

The UK financial regulator has launched a formal consultation to develop new regulatory proposals covering the virtual asset (cryptocurrency) industry as a whole. The UK government plans to bring virtual assets into the regulatory framework from Octo

US banking sector opposes approval of 'trust banks' for crypto firms like Ripple

The Office of the Comptroller of the Currency (OCC) has granted federal trust bank charters to some virtual asset (cryptocurrency) companies, drawing pushback from the U.S. banking industry. On the 13th (Korean time), according to crypto-focused medi

Bitmain buys about 15,000 additional Ethereum

The Ethereum (ETH) holding company Bitmain made an additional purchase of Ethereum. On the 13th (Korea time), according to on-chain analyst The Data Nerd, Bitmain bought 149,590 Ethereum through BitGo 19 hours earlier. As of 10:30 PM that day, Ethere

Polish government urges president to sign virtual assets bill

The Polish government urged President Karol Nawrocki to sign the virtual assets (cryptocurrencies) bill. On the 13th (local time), according to Coinpaper, a virtual assets (cryptocurrencies) specialized media outlet, the Polish cabinet recently reapp

"U.S. virtual asset market-structure bill unlikely to be processed this year... negotiations to begin from January next year"

Actual progress in discussions on the virtual asset (cryptocurrency) market-structure bill currently being legislated in the U.S. Senate is expected to be postponed until January next year, as differences over some issues have not narrowed ahead of t

UAE's largest refiner ADNOC introduces stablecoin AE Coin… supports payments at 980 stores

On the 13th (Korean time), ADNOC Distribution, the petrol station chain of UAE state-owned oil company ADNOC, announced it will introduce payments using the stablecoin (a virtual asset pegged to a fiat currency) 'AE Coin'. ADNOC operates 562 stations

Kenya forms special investigative team to respond to virtual asset fraud

Kenya, a country that is rapidly increasing adoption of virtual assets (cryptocurrencies), is taking action to respond to fraud crimes that exploit virtual assets. On the 13th (KST), according to crypto-focused media Cryptopolitan, the Kenya Director

"Spot trading volume plunges in December... slump before cycle transition"

Virtual asset (cryptocurrency) exchange Bitfinex said the virtual asset (cryptocurrency) market has entered a slump. On the 13th (Korean time), according to crypto news outlet Cointelegraph, Bitfinex said via X (formerly Twitter), "recent spot tradin

"XRP could plunge to $1.20 if the $2 level collapses"

XRP could plunge if it fails to defend the $2 level. On the 13th (Korean time), virtual asset (cryptocurrency) analyst Ali Martinez said on X (formerly Twitter), "XRP must hold the $2 level to avoid falling to $1.20." As of 7:35 PM that day, XRP was

ZeroG "Attacked by a reward contract on the 11th… 520,010 tokens stolen"

ZeroG (0G) disclosed that it was hacked. On the 13th (Korean time), the ZeroG Foundation said on X (formerly Twitter) that "one of the reward contracts was compromised in a targeted attack on the 11th," and added, "the hacker exploited the emergency

Solv Forms Partnership with Stellar… "Will Generate Yield from USDC"

Solv Foundation, the operator of Solv Protocol (SOLV), announced on the 5th that it has formed a partnership with Stellar (XLM) and will introduce yield-generating functionality to USDC assets on the Stellar network. Solv is a Bitcoin financial proto

State Street, a US financial firm, adopts Solana for tokenization blockchain

Global asset manager State Street has reportedly chosen Solana (SOL) for asset tokenization. On the 12th (Korean time), according to Block News, State Street plans to introduce a product called the 'State Street Galaxy On-Chain Liquidity Sweep Fund'

Merlin Chain jumps 15% intraday…enters top 100 by market cap

Merlin Chain (MERL) is experiencing a sharp intraday rally. As of 5:43 PM KST on the 13th, Merlin Chain is trading at $0.4357, up 14.98% from the previous day on CoinMarketCap. With the day's gains, Merlin Chain's market capitalization surged to $457

Global listed and unlisted companies increase Bitcoin holdings by 883,000 since January 2023

On the 13th (Korean time), cryptocurrency-focused media outlet Cointelegraph reported via X (formerly Twitter) that "(according to Bitcoin Treasuries) listed and unlisted companies worldwide increased their Bitcoin holdings from 197,000 to 1,080,000

OKX "Mantra crash incident, there was price manipulation behind it"

Cryptocurrency exchange OKX said there was price manipulation related to the Mantra (OM) token price crash. On the 13th (Korean time), OKX said on X (formerly Twitter) "(regarding the Mantra crash) claims distorting the facts continue," and "we confi

Solana suffers critical blow from TVL decline and meme-coin weakness… down 4.5% vs previous day

Solana (SOL) is trading weak intraday. Investor sentiment has worsened due to a decline in assets deposited on the network and a slowdown in meme-coin trading. As of 3:40 PM on the 13th (KST), Solana is trading at 132.66 dollars, down 4.58% from the