Uk Jin

Bitcoin fell six times after seven FOMCs…"Beware of volatility this week, too"

The United States Federal Open Market Committee (FOMC) is being watched as a factor that could determine whether the leading cryptocurrency Bitcoin (BTC) can rise. On the 9th (KST), crypto analyst Ali Martinez said on X (formerly Twitter) that "after

Japanese listed company ANAP buys additional 54.51 Bitcoin

The Japanese clothing brand ANAP, which is executing a digital asset financial business model, made an additional purchase of Bitcoin(BTC). On the 9th (Korea time), according to BitcoinTreasury.net, ANAP added 54.51 Bitcoin that day, increasing its t

New address receives 900 Bitcoin from Galaxy Digital

A new whale wallet appears to have received a large amount of Bitcoin (BTC) at once. On the 9th (Korean time), according to OnChainLens, a whale wallet received 900 Bitcoin from Galaxy Digital about two hours earlier. As of 11:35 a.m. that day, Bitco

Canada Revenue Agency (CRA) "40% of virtual asset users are a high-risk group for tax evasion"

On the 9th (Korean time), CoinDesk, a media outlet specializing in virtual assets (cryptocurrency), reported via X (formerly Twitter) that "the Canada Revenue Agency (CRA) judged that about 40% of virtual asset platform users are at high risk of fail

U.S. OCC "Virtual-asset firms should be held to the same standards as banks in the chartering process"

A claim has emerged in the United States that virtual-asset (cryptocurrency) firms should be treated the same as banks. On the 9th (Korean time), Jonathan Gould, Comptroller of the U.S. Office of the Comptroller of the Currency (OCC), said at the Blo

U.S. credit rating agency Fitch warns banks with large crypto exposure…"Ratings may be reassessed"

International credit rater Fitch Ratings said it could negatively reassess the credit ratings of U.S. banks with large exposure to virtual assets (cryptocurrencies). On the 9th (Korean time), according to crypto-focused media Cointelegraph, Fitch sai

Ethereum said to rise... Bitmain's digital asset investment losses near 3.1 billion dollars

Bitmain, the largest publicly listed holder of Ethereum (ETH), appears to be reporting large losses from digital asset investments. On the 9th (Korean time), according to on-chain analyst Amber CN, Bitmain holds a total of 3,864,951 Ethereum as of th

Tether officially approved in Abu Dhabi as a 'fiat-linked token'

Tether (USDT), the world's largest stablecoin (a virtual asset whose value is linked to fiat currency), has acquired the status of a 'fiat-linked token' in Abu Dhabi. On the 9th (Korean time), Tether said on its official website that the Abu Dhabi Gl

[Today's key economic and cryptocurrency schedule] U.S. Department of Labor September JOLTS, etc.

<Today's key economic schedule> ▶︎9th (Tue): △Australia interest rate decision(local time 12:00, Korea time 10:00) △U.S. Department of Labor September JOLTS (Job Openings and Labor Turnover Survey) (local time 10:00, Korea time 00:00 on the 10th)

Ahead of Do Kwon's sentencing… U.S. court focuses on 'severity of punishment in South Korea'

The trial of Terraform Labs co-founder Do Kwon, the main culprit in the 'Terra·Luna crash,' is scheduled for this week, and the sentence he could receive in South Korea has emerged as a major issue. On the 9th (Korean time), according to FinanceFeed,

21 Capital to transfer 43,500 Bitcoin to its own account ahead of IPO

21 Capital plans to move the Bitcoin (BTC) it had entrusted to its own account ahead of its initial public offering (IPO). On the 7th (Korean time), Jack Mallers, chief executive officer (CEO) of 21 Capital, said on X (formerly Twitter), "21 Capital

Bitcoin Pauses Ahead of FOMC

Crypto Now Yen carry trade liquidation concerns ease JP Morgan "Could hit record highs in January" Bitcoin is trading around $90,000. It appears to be taking a breather ahead of the U.S. central bank's Federal Open Market Committee (FOMC) meeting. Ac

[This Week's Major Economic and Cryptocurrency Schedule] U.S. rate decision, etc.

<Next week's major economic schedule> ▶︎8 (Mon): △Japan Q3 GDP (local time 08:50, Korea time 08:50) ▶︎9 (Tue): △Australia rate decision (local time 12:00, Korea time 10:00) △U.S. Department of Labor September JOLTS (job openings and labor turnover re

"Gold prices, record rise hits limits"…Will it affect Bitcoin?

There are opinions that gold, which has continued its upward trend throughout this year, has reached a peak. On the 7th, according to Cryptodnis, famous macroeconomist Henrik Jeberg warned, "The rise in gold prices has reached the final stage of a bu

Whale investor opens 20,000-ETH long position

A whale investor expressed a bullish outlook on Ethereum(ETH). On the 7th (KST), according to LookonChain, a whale bought a 2x long position of 20,000 ETH at 3040.92 dollars. As of 4:25 PM that day, Ethereum was trading at 3038 dollars, down 0.04% fr

[Analysis] "Bitcoin shakes off yen carry-trade liquidation concerns... but another risk emerges"

An analysis said that another risk could act on Bitcoin (BTC), which withstood concerns about yen carry-trade liquidations that arose amid expectations that the Bank of Japan (BOJ) will raise its policy rate at this month's Monetary Policy Meeting. O

"Bitcoin faces a larger downturn after breaking below $90,000... could be pushed down to $58,800 in the worst case"

An analysis suggested that Bitcoin (BTC) could decline further by the end of the year. On the 7th (Korea time), according to Coindoo, a cryptocurrency-focused media outlet, Peter Brandt, a crypto analyst, said, "Bitcoin's attempt to break the resista

Jensen Huang "Bitcoin, a tool that converts surplus energy into currency"

NVIDIA Chief Executive Officer (CEO) Jensen Huang commented on the value of Bitcoin (BTC). On the 7th (Korean time), according to the industry, CEO Huang attended a forum and said, "Bitcoin converts and preserves the world's idle or surplus energy in

'Bitmine', which continued buying during the down market, nears securing 5% of Ethereum supply

Bitmine, which has incorporated Ethereum (ETH) as a major financial asset, is continuing to buy Ethereum. On the 7th (Korean time), crypto asset (cryptocurrency) media Cryptopolitan reported that Bitmine additionally bought $199 million worth of Ethe

FIU to push for restrictions on transactions of suspicious accounts…"Preventing virtual asset crime"

Financial authorities said they will cooperate with the virtual asset industry to identify suspicious transactions by transnational criminal organizations and push for transaction restriction measures. On the 7th, according to the industry, the Finan

[Analysis] "Bitcoin, activity indicator ↑…the bull market is not over yet"

Bitcoin (BTC)'s on-chain activity indicator has risen. Accordingly, there is analysis that it is difficult to view this rising cycle as being in a terminal stage. On the 7th (Korean time), according to virtual asset (cryptocurrency) specialist Cointe

Bitcoin: Mining Costs Surge…Profitability Decline Deepens

Bitcoin (BTC) mining costs have continued to rise. On the 7th (Korean time), according to CryptoRank, the average cash cost to mine one Bitcoin reaches $74,600. Including depreciation and stock-based compensation (SBC), total costs exceed $137,800. T

Will U.S. rates be cut…KOSPI explores direction ahead of FOMC [Weekly Outlook]

NH Investment & Securities "This week KOSPI expected to trade between 3850 and 4200" The brokerage community expects that this week (8–12) the KOSPI index will search for direction as it watches the U.S. central bank (Fed) interest rate decision. NH

Crypto Fear and Greed Index records 20 points… "Extreme fear continues"

According to virtual asset (cryptocurrency) data provider Alternative.me, the crypto Fear and Greed Index fell 3 points from the previous day to 20. As of 9:45 a.m. that day, Bitcoin (BTC) was trading on CoinMarketCap at $89,496, up 0.07% from the pr

"Bitcoin, bearish criticism is excessive…only returned last year's excess gains"

Bitcoin (BTC) has undergone a correction this year, but it is being assessed as merely reversing last year's excessive gains. On the 7th (Korean time), Bloomberg exchange-traded fund (ETF) analyst Eric Balchunas said on X (formerly Twitter), "Bitcoin

Virtual assets, investors are increasing… preparations for asset transfer such as inheritance procedures remain insufficient

Holders of virtual assets (cryptocurrencies) such as Bitcoin (BTC) and Ethereum (ETH) are increasing, and experts point out that cases are rising in which digital assets are not transferred in time during the inheritance process, causing assets to be

Euro stablecoin market capitalization doubles one year after MiCA implementation

The market capitalization of euro stablecoins (virtual assets whose value is pegged to fiat currency) has doubled one year after the European Union (EU)'s crypto-asset (cryptocurrency) market regulation, the 'MiCA' law, came into effect. On the 6th (

U.S. Fed board member Bowman acknowledges virtual asset 'debanking'…"I will ensure fair access to banking services"

A remark that appears to acknowledge the unfair measure long claimed by the virtual asset (cryptocurrency) industry, 'debanking' (traditional finance providing limited financial services to the virtual asset industry), has been made. According to For

Coinbase "Bitcoin expected to recover this month… liquidity is improving"

The United States' largest virtual asset (cryptocurrency) exchange, Coinbase, predicted that the Bitcoin (BTC) market will enter a recovery phase in December. On the 6th (Korean time), according to crypto-focused media BeInCrypto, Coinbase said in a

Two giant Bitcoin whales open large positions in opposite directions

Two large whales appear to have taken opposite positions on Bitcoin (BTC) price movements. On the 6th (Korean time), according to Lookonchain, one whale took a Bitcoin long position using 20x leverage, with the position size reaching 27,500,000 dolla