Uk Jin

Pyth Introduces Token Buyback…Purchases PYTH with 33% of DAO Funds

Data oracle protocol Pyth Network is introducing a buyback program to boost the token's value. On the 12th (local time), The Block reported that Pyth Network plans to use 33% of DAO treasury assets each month through the 'PYTH Reserve' to purchase PY

Interactive Brokers to Support Stablecoin Deposits

U.S. online brokerage Interactive Brokers will begin supporting deposits of stablecoins (virtual assets pegged to fiat currency). On the 12th (Korea time), according to Bloomberg, Interactive Brokers said it will gradually roll out the ability for ce

Scaramucci "Next year, exponential opportunities will come to virtual assets"

Anthony Scaramucci, the founder of SkyBridge Capital, offered a positive outlook for the virtual assets (cryptocurrencies) market next year. On the 12th (KST), according to crypto-focused outlet Cointelegraph, Scaramucci said at the 'Longitude (LONGI

Individual Bitcoin miner beats '1 in 18,000' odds, earns 289,000 dollars

An individual Bitcoin (BTC) miner beat astronomical odds to successfully receive a block reward. On the 12th (Korean time), according to crypto media The Block, miner A used CKpool's personal Bitcoin mining software to mine 927,474 blocks, obtaining

GSR denies crisis rumors after Oct. 11 liquidation incident…"Operating normally"

On the 12th (Korean time), crypto asset market-making firm GSR said via X (formerly Twitter), "GSR is currently operating normally, and its business and liquidity conditions remain solid." It added, "We will continue to provide industry-leading servi

Web3 wallet Phantom partners with Kalshi to enter prediction markets

Phantom is entering the prediction market. On the 12th (Korea Standard Time), crypto-focused media outlet The Block reported that Phantom integrated with Kalshi to introduce a prediction market feature into its Web3 wallet. Phantom users can particip

Pakistan grants preliminary approval to Binance and HTX…can apply for licenses

Pakistan has granted preliminary approval to Binance and HTX. On the 12th (Korea time), Investing.com reported that the Pakistan Virtual Asset Regulatory Authority (PVARA) said Binance and HTX can prepare for the full license application process. The

Save the Children launches new fund to manage Bitcoin donations…"Held for up to 4 years"

Save the Children (Save the Children) has officially launched a 'Bitcoin Fund' that holds donations received in Bitcoin (BTC) for up to 4 years. Through this, it aims to maximize the value of donations and experiment with a new blockchain-based suppo

Tether considering tokenization after share issuance…"Moves to secure liquidity for investors"

Tether (USDT), the world's largest stablecoin (a virtual asset whose value is pegged to fiat currency), is exploring additional liquidity options through tokenization ahead of planned share sales. On the 12th (Korean time), Bloomberg, citing a Tether

Ripple teams up with Swiss bank AMINA... "Full-scale cross-border payment services"

Blockchain-based global remittance service company Ripple said on the 12th that it has partnered with Swiss-based bank AMINA to introduce its payment solution for the first time in the European banking sector. AMINA is a virtual asset bank under the

Wrapped XRP to be launched on Solana

XRP is expected to be used on the Solana (SOL) blockchain. On the 12th (Korean time), Hex Trust said on its website, "It will launch Wrapped XRP, an external-chain version of XRP, so that decentralized finance (DeFi) activities using the XRP token ca

Figure Technology applied to the SEC for a second IPO last week

The blockchain-based lending platform Figure Technology Solutions (Figure) plans to proceed with a second initial public offering (IPO). On the 12th (Korean time), according to Solana (SOL) X (formerly Twitter), Mike Cagney, Figure's founder, attende

Standard Chartered, Coinbase expand cooperation on prime services for institutional digital assets

Standard Chartered and Coinbase are expanding cooperation on digital asset (cryptocurrency) services aimed at institutional investors. On the 12th (Korea time), according to CoinDesk, Standard Chartered and Coinbase said they will jointly explore dev

Twenty One Capital CEO "Bitcoin's market capitalization will rise to 200 trillion dollars"

On the 12th (Korean time), according to Bitcoin Magazine, Jack Mallers, CEO of Twenty One Capital, said in an interview with the New York Stock Exchange (NYSE), "Bitcoin (BTC)'s market capitalization will someday rise to 200 trillion dollars." As of

Binance strengthens response to institutional investors…introduces IOI feature

As regulations related to virtual assets (cryptocurrencies) have become clearer worldwide, anticipation is growing for institutional investors' entry into the virtual asset market, and the world's largest virtual asset exchange has taken preemptive m

[Analysis] "XRP whale investors continue to accumulate despite short-term declines"

Recently, XRP (XRP) has continued to show weakness, but whale investors have been continuing to buy in the down market. On the 12th (Korean time), CryptoQuant contributor 'CW8900' analyzed in a report, "Recently, XRP's price has shown a short-term do

"Bank of Japan likely to raise rates next week…Further increases to be decided based on economic conditions"-Reuters

The Bank of Japan (BOJ) is expected to implement a rate hike. On the 12th (Korea time), Reuters reported, citing multiple sources, that the Bank of Japan will raise rates from 0.5% to 0.75% at the monetary policy meeting to be held on the 18~19. The

World adds virtual asset payment function and launches encrypted chat service

The blockchain-based identity verification project World (WLD) said on the 12th via X (formerly Twitter) that it added virtual asset (cryptocurrency) payments and encrypted chat services in the latest version of its app. The World app supports more t

Ripple completes acquisition of Rail…"Stablecoin business to ramp up"

Blockchain-based global payments and remittance service provider Ripple announced on the 12th that it has completed the acquisition of Rail, a payment infrastructure platform for stablecoins (virtual assets whose value is pegged to fiat currency). Wi

Chinese woman had her account suspended after writing 'Dogecoin' in a transfer memo

A user in China had her account suspended after writing 'Dogecoin (DOGE)' in the memo field of a bank transfer. On the 12th (Korean time), Sina News reported that a China Construction Bank user transferred 250 yuan to her husband several months ago a

UK coalition of lawmakers urges stablecoin innovation…"Regulatory easing needed"

Calls have emerged in the UK to ease digital asset regulations. On the 12th (Korean time), according to virtual asset (cryptocurrency) specialist media CoinDesk, a coalition of members of the House of Commons and the House of Lords sent an open lette

'ETF net inflow streak' yet 17% plunge… XRP, can it rebound within the year?

XRP ETF, 18th consecutive net inflow Top altcoin in ETF performance Token price has plunged 17% since launch "Pressed down by selling pressure in the spot market" Possibility of a late rally as well XRP price has struggled despite steady capital infl

Phase-2 virtual asset law, a step toward delay?…Ruling party "Will finalize party position within the year"

Authorities miss government bill 'deadline' Democratic Party "Decide party position within the year centered on TF" Delay in government bill due to conflict between authorities Unable to narrow differences over issuers, etc. The Financial Services Co

"Tokenized securities need easing of investor limits…Urgent solution required for liquidity depletion"

As the tokenized securities (STO) bill passed the Standing Committee on Political Affairs, industry expectations have intensified, and opinions were expressed that properly organizing the system will determine the success or failure of tokenized secu

Min Byung-deok: "Approval of Token Securities Will Be an Important Turning Point for Korean Finance"

There is an opinion that the introduction of token securities (Secrities Token Offering) into the regulatory system could be a major turning point for Korea's capital markets. On the 10th (Korea time), Min Byung-deok of the Democratic Party of Korea

[Analysis] "XRP, whether breaking above $2.11 is crucial… ETF cumulative net inflows of $1 billion are positive"

XRP (XRP) is defending a psychological support level, and investor sentiment appears to be recovering. However, it still faces difficulty breaking through resistance levels. On the 9th (KST), CoinDesk said, "During the decline from $2.03 to $2.00, t

[Analysis] "Bitcoin shows 'unstable stability' ahead of FOMC… short-term rebound is not a buy signal"

Bitcoin (BTC) has been bullish in the short term earlier this week. However, market sentiment remains cautious ahead of the Federal Open Market Committee (FOMC) meeting. On the 9th (Korea time), Matrixport said on X (formerly Twitter), "Even though t

Gensyn launches AI performance verification marketplace 'Delphi'

Gensyn, an artificial intelligence (AI) technology company, announced on the 9th that it has launched the AI performance verification marketplace 'Delphi'. Delphi is a marketplace that evaluates the performance of various open-source AI models in rea

Ethereum spot ETF, $35.5 million net inflows

Ethereum (ETH) spot exchange-traded funds (ETFs) recorded net inflows. On the 8th (local time), according to TraderT, Ethereum spot ETFs had net inflows of $35.5 million that day. BlackRock ETHA and Grayscale ETH had net inflows of $23.7 million and

U.S. Bitcoin spot ETFs see $60.5 million net outflow

A net outflow occurred from Bitcoin (BTC) spot exchange-traded funds (ETFs). On the 8th (local time), Trader T said on X (formerly Twitter) that a total of $60.5 million was net withdrawn from 11 Bitcoin spot ETFs that day. BlackRock's IBIT had a net