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It was suggested that proof-of-use led by the government is necessary for the successful adoption of KRW stablecoins (virtual assets linked to the value of legal tender). Jeon Woo-young, a partner at PwC Consulting, attended the 'National Assembly Fo
The cryptocurrency Strike (STRIKE) is expected to virtually disappear from the market. Delisting from Upbit and Bithumb—where most of Strike's trading volume took place—is imminent. At 2:55 p.m. KST on the 21st, Strike was trading at ₩94.1 on Upbit,
The utility token OKB of the global cryptocurrency exchange OKX has recently experienced a surge. While other major cryptocurrencies are undergoing corrections, OKB is drawing market attention by continuing its strong upward trajectory alone. As of 1
Bank of Korea Governor Lee Chang-yong stated that it is "preferable for Korean won stablecoins to proceed centering on banks first, then to gradually expand." According to industry sources on the 19th (Korea time), Governor Lee participated in the pl
According to the Token Mindshare indicator by the AI-based Web3 search platform Kaito, which quantifies the influence of specific tokens in the cryptocurrency market (top gainer), the top 5 keywords that people are showing the most interest in as of
Most virtual assets (cryptocurrencies), including Bitcoin (BTC), have entered a correction phase as the market turns its attention to the Jackson Hole speech by the Fed to be held on the 22nd. According to Forbes on the 19th (KST), Ryan Lavaglia, a p
The Ethereum (ETH) spot exchange-traded fund (ETF) recorded a significant net outflow. According to TraderT on the 18th (local time), the Ethereum spot ETF saw a total net outflow of $196.3 million on this day. BlackRock ETHA registered the largest n
A net outflow occurred from the Bitcoin (BTC) spot Exchange Traded Fund (ETF). According to Trader T on the 18th (local time), the total net outflow from Bitcoin spot ETFs for the day was $121.7 million. BlackRock IBIT saw an outflow of $68.6 million
It appears that the number of investors looking to unstake Ethereum (ETH) is surging, pushing the unstaking queue to its highest level ever recorded. On the 19th (KST), WuBlockchain reported via X (formerly Twitter) that “Currently, there are 910,461
Banksalad is reportedly entering the stablecoin (virtual assets pegged to fiat currency) business. According to the industry on the 19th, Banksalad has formed a dedicated stablecoin task force (TF) since June and is pursuing related business. As part
Ethereum (ETH) is drawing attention as a potential core infrastructure for artificial intelligence (AI). On the 18th (local time), Ethereum Foundation developer Binji introduced the ERC-8004 proposal, 'Untrusted Agent', via X (formerly Twitter), stat
As volatility in Ethereum (ETH) increases, investors are rapidly increasing their futures positions. According to Coinglass data on the 19th (KST), as of today, Ethereum’s futures open interest stands at $60.5 billion. This represents a roughly 20% i
As Bitcoin (BTC) continues to trade sideways, accumulation activity by some whales has been observed. On the 19th (KST), Lookonchain reported on X (formerly Twitter) that “A whale bought 300 Bitcoins through FalconX 8 hours ago.” The report added, “T
Stratygy (formerly MicroStrategy) is expected to increase its Bitcoin (BTC) holdings by about 1.5 times over the next two years, according to an analysis. On the 18th (local time), The Block, a media outlet specializing in crypto assets, reported tha
The launch of new business for lending services on domestic virtual asset (cryptocurrency) exchanges is expected to be temporarily suspended. According to industry sources on the 19th, financial authorities have announced that they have issued admini
JPYC, the issuer of the Japanese yen stablecoin, has completed registration as a funds transfer service provider. JPYC is expected to issue its stablecoin on multiple blockchains such as Ethereum (ETH), Avalanche (AVAX), and Polygon (POL). On the 19t
AM Management, an AI-based quant solution company, announced on the 19th that it gave a presentation titled 'Virtual Asset Outlook Through Data' at an expert seminar hosted by Korea Investment & Securities Co., Ltd. This seminar followed the previous
Amid a sluggish virtual asset (cryptocurrency) market due to a lack of catalysts, a claim has emerged that staking should be permitted for Ethereum (ETH) spot exchange traded funds (ETFs). On the 19th (Korean time), Nate Geraci, CEO of The ETF Store,
It has been reported that Naver recognized a loss on its WEMIX holdings from the past five years. According to industry sources on the 19th (Korean time), Naver disclosed in its semi-annual report that during the first half of the year, it recognized
According to the virtual asset (cryptocurrency) data provider Alternative on the 19th, the Virtual Asset Fear & Greed Index recorded 56 points, a decrease of 4 points compared to the previous day. As of 9:03 a.m. on this day, Bitcoin (BTC) was tradin
<Today's Major Economic Schedule> ▶Tuesday the 19th: △July housing starts △Speech by Michelle W. Bowman, Federal Reserve Vice Chair for Supervision (local time 14:10, Korea time 03:10 on the 20th) △Earnings: Home Depot (Home Depot) <Today's Major Cry
Despite the recent chilling of investor sentiment in the cryptocurrency market, some indicators still point toward a bullish trend. On the 19th (KST), a contributor from XWIN Research Japan to CryptoQuant stated in a report, "The total issuance of st
The blockchain-based lending platform Figure Technology Soultions (hereinafter "Figure") has formalized its initial public offering (IPO). On the 18th (local time), Bloomberg News reported that Figure has shifted its IPO, which was initially filed co
It has been revealed that 'American Exceptionalism', the new Special Purpose Acquisition Company (SPAC) founded by renowned Silicon Valley investor Chamath Palihapitiya, has included decentralized finance (DeFi) as a major investment target. Accordin
Japanese stablecoin issuer JPYC, whose virtual asset value is pegged to legal tender, is showing signs of fully launching its business. According to Ledger Insights on the 19th (KST), JPYC has become the first digital asset business operator in Japan
The Securities and Exchange Commission (SEC) has postponed its review of Exchange-Traded Funds (ETFs) for altcoins such as XRP and Solana (SOL). According to Cointelegraph, a cryptocurrency-focused media outlet, on the 19th (Korea Standard Time), the
Attention is focusing on whether a large company hoarding Solana (SOL) will enter the market. On the 16th (KST), Andy, the host of The Rollup, reported via X (formerly Twitter), "There is currently a treasury directly supported by the foundation," ad
The trading volumes of spot Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Funds (ETFs) in the United States have reached all-time highs. On the 16th (KST), Bloomberg ETF analyst Eric Balchunas stated via X (formerly Twitter), "This week’s trading