[Breaking News] Xi Jinping: "There are no winners in tariff wars and trade wars"
May 13Breaking
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Animoca Brands Pursues Listing on US Stock Market
Animoca Brands, a developer and investor in non-fungible tokens (NFTs) and blockchain games, is reportedly pursuing a listing on the US stock market. According to CryptoNews on the 13th (local time), Yat Siu, chairman of Animoca Brands, mentioned in an interview with the Financial Times that there could be an announcement regarding the US stock market listing. As of last year, Animoca Brands holds digital assets worth $538 million and cash and stablecoins (virtual assets linked to the value of legal currency) worth $300 million, and has invested in over 540 companies including OpenSea, Kraken, and ConsenSys. CryptoNews explained, "Recently, as regulatory easing for the virtual asset industry has been implemented in the US, the number of companies challenging for listings is increasing."
May 13General[Today's Global Trending Coins & Keywords] Coinbase, Pump.fun, XRP, etc.
According to the top gainers of Token Mindshare (a metric quantifying the influence of specific tokens in the virtual asset market) on the AI-based Web3 search platform Kaito, the top 5 most popular virtual asset-related keywords as of the 13th are Coinbase, Pump.fun, XRP, USDC, and DYDX. Coinbase, a virtual asset exchange, ranked first. As Coinbase's inclusion in the S&P 500 became a reality, investors' interest surged. Coinbase will replace Discover Financial Services, a U.S. financial services company, and be included in the S&P 500 index starting the 19th. The S&P 500 index is a comprehensive index representing the stock prices of 500 large companies listed on the U.S. stock market. Coinbase's inclusion in the S&P 500 index comes about four years after its listing in 2021. Following this news, Coinbase surged 10.94% in the over-the-counter market, closing at $229.90. Next, Pump.fun attracted investors' attention by launching a token creator revenue-sharing program. Pump.fun will start a program that distributes 50% of platform revenue to token creators. Creators will earn 0.05% of the fee revenue in Solana each time a token is traded. XRP ranked third. On this day, Ripple, the issuer of XRP, and the Securities and Exchange Commission (SEC) agreed to pay only $50 million of the $125 million fine imposed on Ripple and return the remaining amount. The notable part was that Ripple used XRP to pay the fine. In the community, there are rumors that XRP could become a strategic reserve asset. Fourth place went to the stablecoin USDC. As volatility in the virtual asset market has increased recently, a lot of funds have flowed into the market, and the demand for stablecoins has increased. Additionally, as countries have been speeding up the preparation of regulations related to stablecoins, interest in stablecoins has grown. Finally, DYDX attracted investors' attention as it was newly registered on Kaito's Yapperboard. Currently, many investors are mentioning DYDX on X (formerly Twitter) to earn Yapper points. In addition, investors are also interested in Titcoin, Solana, Sui, ApeCoin, and Official Trump.
May 13PiCKAustralia Appoints Andrew Charlton as New Assistant Minister for Technology, Embarks on Virtual Asset Regulatory Reform
On the 12th (local time), according to the virtual asset (cryptocurrency) specialized media Decrypt, the Australian government appointed Andrew Charlton as the Assistant Minister for the Department of Science, Technology and Digital Economy. This decision by the Australian government is analyzed as a response to the growing importance of regulation on digital assets within Australia. Australian Prime Minister Anthony Albanese, in announcing Charlton's appointment, stated, "Charlton possesses economic qualifications and international experience," and explained that "he will play a role in policies related to new technologies and artificial intelligence (AI)." The Australian virtual asset industry seems to welcome this move. Caroline Bowler, CEO of the Australian virtual asset exchange BTC Markets, said, "(Regarding this appointment) it is a clear commitment to cooperation and effective policy implementation." Australia's new virtual asset regulatory proposal aims to exempt small businesses from the requirement to obtain an Australian Financial Services License. The draft of Australia's new virtual asset regulatory proposal is expected to be announced by the end of this year.
May 12GeneralUS Bitcoin Spot ETF Sees $6 Million Inflow
The Bitcoin (BTC) spot exchange-traded fund (ETF) has achieved net inflows for four consecutive trading days. On the 12th (local time), according to Farside Investor and TraderT, a total of $6 million was net inflowed into the Bitcoin spot ETF on this day. There were net outflows from four products: Fidelity FBTC (-$11.1 million), Bitwise BITB (-$17.7 million), Invesco Galaxy BTCO (-$2.5 million), and Grayscale GBTC (-$32.9 million). However, BlackRock IBIT recorded a net inflow of $70.2 million, offsetting the previous net outflows.
May 12PiCKDell Board Rejects Shareholder Proposal to Add Bitcoin to Financial Assets
Dell, one of the major tech companies in the US, has rejected the proposal to incorporate Bitcoin (BTC) as a financial asset. According to documents submitted by Dell to the Securities and Exchange Commission (SEC) on the 12th (local time), the Dell board officially rejected the proposal by the National Center for Public Policy Research (NCPPR) to include Bitcoin as a financial asset. NCPPR had previously proposed through a shareholder proposal that Dell add Bitcoin as a financial asset. In the proposal, NCPPR stated, "Bitcoin is a better store of value than bonds or cash in terms of long-term profitability and as a hedge against inflation," and requested that Dell evaluate incorporating Bitcoin as a financial asset. However, Dell stated regarding the proposal, "The decision to hold Bitcoin is a business operation-related judgment and should be independently decided by the board," adding, "Excessive intervention in asset management and cash management by the management infringes on the autonomy of the management and the board," thus rejecting the proposal.
May 12GeneralZKSync 'SEC Investigation' Post... "Hacker's Work"
ZKSync's X (formerly Twitter) account appears to have been hacked. There is speculation that some of the posts made by ZKSync were the work of hackers. According to Cointelegraph, a virtual asset (cryptocurrency) specialized media outlet, on the 13th (Korean time), ZKSync's official X account posted about an airdrop and a notice of investigation by the Securities and Exchange Commission (SEC) earlier that morning. After these posts were made, an account known to be a ZKSync developer warned, "ZKSync's X account has been hacked," and advised, "Do not trust any of the posts that have been uploaded." It seems that the X account has now been successfully recovered. ZKSync announced, "We are currently investigating the hacking incident, and all posts made by the hacker have been deleted."
May 12GeneralBithumb Collaborates with Electric Bicycle Brand GCOO for Event
Bithumb, a domestic virtual asset (cryptocurrency) exchange, announced on the 13th that it will hold a collaboration event with personal mobility sharing service GCOO until June 30. First, there is a 'riding event' that provides Korean Won (KRW) coupons tradable on Bithumb to customers riding GCOO's electric bicycles and electric scooters. Participation is possible by pressing the 'Start Point Accumulation' button on the event page within the GCOO app, and once 5,000 points are accumulated, a 5,000 KRW coupon tradable on Bithumb is immediately issued. New Bithumb members can receive an additional coupon worth 45,000 KRW. The issued Korean Won can be used until the end of July. Next is an event to find and ride the specially produced 'GCOO X Bithumb Bicycle' for the collaboration event. This event is held in the Gangnam area. Among users who ride the orange electric bicycle with the Bithumb logo, 10 will be drawn to receive Bitcoin (BTC) worth 100,000 KRW. The bicycle can be easily identified on the GCOO app map with an orange marker, and participation in the event is automatic upon riding. Winners will be individually notified within 5 days after the event ends. Moon Sun-il, head of Bithumb's service division, said, "We planned the event so that benefits from Bithumb can be experienced even in daily commutes and leisure activities," and "We hope that more users will experience Bithumb's various benefits and convenient services through the new connection between personal mobility and virtual assets."
May 12GeneralUS Prosecutors Seek 2-Year Sentence for Hacker of SEC Account
A suspect who hacked the X (formerly Twitter) account of the U.S. government agency Securities and Exchange Commission (SEC), which has a significant impact on the virtual asset (cryptocurrency) market, has been sentenced to 2 years in prison. According to Cointelegraph, a virtual asset specialist media outlet, on the 12th (local time), U.S. prosecutors requested a 2-year sentence for Eric Council Jr. through a complaint filed in the District Court of Columbia. Eric Council Jr. is accused of hacking the SEC's official X account in January last year and falsely posting a Bitcoin (BTC) spot Exchange-Traded Fund (ETF) approval announcement.
May 12GeneralCrypto Fear & Greed Index Records 70 Points, Same as Previous Day
According to the cryptocurrency data provider Alternative on the 13th, the Crypto Fear & Greed Index recorded 70 points, the same as the previous day. As of 9 a.m. that day, Bitcoin (BTC) was trading at $102,638 on CoinMarketCap, down 1.55% from the previous day. Altcoins showed mixed trends. At the same time, Ethereum (ETH) fell by 1.21%, while Ripple (XRP) rose by 6.67%. Additionally, Binance Coin (+1.30%), Solana (+0.01%), Dogecoin (-1.36%), Cardano (+0.92%), and Tron (+2.38%) showed various movements. The Fear & Greed Index is an indicator that expresses market sentiment, with a score closer to 0 indicating extreme fear and closer to 100 indicating extreme greed. This index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market cap dominance (10%), and Google search trends (10%).
May 12GeneralAave Surpasses $40 Billion in TVL
The decentralized lending protocol Aave (AAVE) has surpassed $40 billion in Total Value Locked (TVL). On the 12th (local time), Aave announced via its official X (formerly Twitter) that "Aave's TVL has reached an all-time high of $40.3 billion," stating "This is the first among decentralized finance (DeFi)." Meanwhile, it has been revealed that the surge in Ethereum (ETH) is behind Aave's record TVL, as Ethereum accounts for half of Aave's TVL.
May 12General[Today's Major Economic and Cryptocurrency Schedule] US April Consumer Price Index and More
<Today's Major Economic Schedule> ▶︎13th (Tue): △US April Consumer Price Index (CPI, 21:30 KST/08:30 Local Time) <Today's Major Cryptocurrency Schedule> ▶︎13th (Tue): △Solana Name Service Airdrop △Floki (FLOKI) AMA △Solana (SOL) Ecosystem Meeting
May 12PiCKTruth Social Denies Rumors of Launching New Meme Coin
May 12BreakingOfficial Trump: "Background Checks Required for 220 Trump Dinner Participants"
On the 12th (local time), the Official Trump team announced via their official X (formerly Twitter) that "the application for the dinner event with President Donald Trump has ended," and added, "If you are among the top 220 on the Official Trump leaderboard, please check your email promptly." They further stated, "Background checks are required before attendance is confirmed." Special Non-Fungible Tokens (NFTs) are also expected to be distributed to the dinner attendees. Meanwhile, it was found that virtual asset investors who participated in the Trump dinner hold an average of approximately $4.8 million worth of Official Trump.
May 12GeneralCoinbase to Join S&P 500
May 12BreakingJP Morgan Holds $1.7 Billion in Bitcoin Spot ETF
The largest investment bank in the United States, JP Morgan, has made a significant investment in Bitcoin (BTC) through a Bitcoin spot exchange-traded fund (ETF). On the 12th (Korean time), Crypto Rover announced on X (formerly Twitter) that "JP Morgan's investment in Bitcoin spot ETF has approached $1.7 billion." According to the post shared by Crypto Rover, JP Morgan holds approximately $1.44 billion worth of BlackRock IBIT and $260 million worth of Fidelity FBTC.
May 12PiCK[Today's Global Trending Coins] Bitcoin, Moodeng, AIXBT, and Others
According to the Top Gainer of Token Mindshare (a metric quantifying the influence of specific tokens in the virtual asset market) by the AI-based Web3 search platform Kaito, the top 5 virtual assets attracting the most attention as of the 12th are Bitcoin (BTC), Moodeng (MOODENG), AIXBT (AIXBT), Virtual Protocol (VIRTUAL), and Lido DAO (LDO). Bitcoin briefly surpassed $105,000 today, drawing investor interest. Around 10 a.m., Bitcoin surged over 3% intraday to reach $15,000. However, as of 2:20 p.m., it is trading at $103,904, down 0.17% from the previous day. The news of trade negotiations between the U.S. and China is analyzed to have stimulated Bitcoin's investor sentiment. Earlier this morning, U.S. Treasury Secretary Scott Besant stated that there was "substantial progress" regarding the first official trade negotiations with China. After the two-day negotiations in Geneva, Switzerland, which concluded today, Secretary Besant told reporters, "We will disclose additional details on Monday (local time, 12th)." Vice Premier He Lifeng, who also participated in the negotiations, said, "Both the U.S. and China exchanged in-depth views on trade negotiations," adding, "Both sides have reached significant agreements." Moodeng took the second spot. The meme coin Moodeng is experiencing a surge today following the news of its listing on Binance Alpha. At the same time, Moodeng is trading at $0.26, up 107.86% from the previous day. AIXBT ranks third. AIXBT has been ranked due to its over 10% intraday increase, along with a significant rise in mentions on community platforms over the weekend. Virtual Protocol ranks fourth due to an unfortunate incident overnight. It involves a rug pull incident related to ROAST, which was scheduled to launch on Virtual Protocol's launchpad. An anonymous user created a virtual asset using the same ticker and logo as ROAST, launching it on the launchpad before the real ROAST. Investors, mistaking it for the real ROAST, began depositing funds, and when the total locked value (TVL) reached $5 million, the fake ROAST team disappeared with all the funds. Some investors are claiming that "Virtual Protocol should resolve this issue," demanding accountability. Lido DAO ranks fifth. The news of a hacking incident involving Lido Oracle has drawn investor attention. Lido DAO previously announced on its official page that "an address belonging to the 'Chorus One' oracle was hacked, affecting the Ethereum (ETH) balance within the oracle." Lido DAO is currently conducting an emergency vote to replace the oracle damaged by the hack.
May 12PiCKEthereum Ranks 39th in Global Asset Market Cap, Surpassing Alibaba and Coca-Cola
Ethereum (ETH), the leading altcoin with the most notable rise last week, has entered the 'Top 40' in global asset total value rankings. According to 8MarketCap on the 12th (KST), as of 2:05 PM, Ethereum is trading at $2,521, down 0.76% from the previous day, with a market cap of $304.4 billion. As a result, Ethereum's global asset market cap ranking is 39th. The 40th position is held by China's largest e-commerce company, Alibaba, and the 41st by Coca-Cola.
May 12GeneralHow Are Negotiations with Countries Other Than the US and China Going?
Japan: "Tariffs Less Than 10%, Should Be Withdrawn" India Reportedly Proposes 'Future Most-Favored-Nation Treatment' to the US As the US is shaping its trade negotiations with China, it is also working behind the scenes to conclude negotiations with other countries. Unlike with China, the US emphasizes that tariffs on the remaining countries are 10%, urging them to establish manufacturing facilities within the US. Howard Lutnick, US Secretary of Commerce, mentioned in an interview with Fox News on the 11th (local time) that the US's tariffs on China are 145% and China's retaliatory tariffs on the US are 125%, stating, "The rest of the world is 10%," and advised not to exaggerate. He explained that except for some countries causing a large trade deficit to the US, the tariff increase is not significant. He emphasized, "We (the US) are the consumers of the world," and "everyone wants to sell goods here and needs to trade with the US." Secretary Lutnick revealed that President Trump is focusing on bringing manufacturing back to the US. He urged, "If you want to produce overseas, that's fine, but you have to pay tariffs (in the US), and you will be less competitive," and "so manufacture in the US." Previously, Secretary Lutnick stated in an interview with CNN that while the basic tariff of 10% will not be lowered, some items may be exempt from tariffs in negotiations with individual countries. Apart from China, Japan is the only country that has entered into official negotiation schedule coordination. Japanese broadcaster NHK reported on the 12th that Japan proposed expanding agricultural imports, relaxing automobile safety standards, and establishing cooperation plans in the shipbuilding sector as negotiation cards in tariff negotiations with the US. The Japanese government is reviewing cooperation measures such as expanding ship repair capabilities, strengthening supply chains, and icebreaker ships for Arctic navigation to revive the US shipbuilding industry. Japan held the second ministerial-level tariff negotiations with the US in Washington, DC, on the 1st (local time) and agreed to hold the third negotiations after mid-month. Specific schedules have not yet been announced. The US has imposed tariffs of 25% on steel and aluminum and decided on a 24% tariff under reciprocal tariffs, which are deferred until July 8. Japanese Prime Minister Shigeru Ishiba ultimately demands the abolition of tariffs. He appeared on a Fuji TV program the previous day, stating that regarding the expiration of the reciprocal tariff deferral on July 8, "Just because the deadline comes, it doesn't mean we will compromise even if it's disadvantageous," and "We are demanding abolition, and we cannot say 10% is good." Negotiations with India are also gaining speed. Recently, Reuters reported, citing an anonymous Indian government official, that India is considering proposing 'future most-favored-nation treatment' to the US. Future most-favored-nation treatment means that if India grants better tariff conditions to other countries than to the US in the future, the same conditions will apply to the US. New York = Shin-Young Park, Correspondent nyusos@hankyung.com
May 12GeneralJapan's Metaplanet Purchases Additional 1,241 Bitcoins
Japanese listed company Metaplanet announced on the 12th (local time) via X (formerly Twitter) that it has purchased an additional 1,241 Bitcoins (BTC). As a result, the total amount of Bitcoins held by Metaplanet has reached 6,796.
May 12GeneralUniswap Achieves $3 Trillion in Cumulative Trading Volume
On the 12th (KST), Hayden Adams, the founder of Uniswap (UNI), announced on X (formerly Twitter) that "Uniswap has achieved a cumulative trading volume of $3 trillion," marking a first in the history of decentralized exchanges (DEX).
May 11General"'Dark Stablecoins' May Emerge Due to Strengthened Virtual Asset Regulations"
Recently, as regulatory movements regarding stablecoins (virtual assets linked to fiat currency) are occurring worldwide, there is an opinion that 'dark stablecoins', which are strong against regulatory censorship, may emerge in the industry. According to the cryptocurrency-focused media outlet Cointelegraph on the 11th (local time), Ki Young Ju, CEO of CryptoQuant, argued on X (formerly Twitter) that "there is a high possibility that dark stablecoins will emerge in the future." This is based on Ju's expectation that government regulations on such stablecoins will intensify. He explained, "Unlike Bitcoin (BTC), stablecoins serve to connect the internet and the real world, requiring someone to manage them. Companies like Tether (USDT) or Circle, the issuer of USDC, have so far implemented this by depositing cash in banks." He continued, "However, soon all stablecoins issued by countries will be subject to strict government regulations, just like existing banks," adding, "People who have used stablecoins for large-scale international remittances will start looking for dark stablecoins that are strong against censorship."
May 11General[Breaking News] Democratic Party "Preparing Coin Pledge... Separate Announcement Planned"
May 11Breaking[Exclusive] Wemade Distances from Web3... Kroma to Merge with Major Shareholder 'ZKCandy'
Wemade Sells Stake in Kroma Developer Lightsale Singapore's 'ZKCandy' Becomes Major Shareholder Official Merger Process with Lightsale Underway Maintains Cooperative Relationship with Wemade Wemade has reportedly sold a significant portion of its stake in blockchain subsidiary Lightsale to Singapore-based blockchain company ZKCandy, relinquishing its position as the major shareholder. Lightsale plans to proceed with an official merger process with its new major shareholder, ZKCandy. According to industry sources on the 12th, Wemade sold 48% of its 70% stake in Kroma developer Lightsale, which it had held since October. It is reported that internal conflicts regarding the Kroma business led to this decision. Previously, Wemade owned the stake in Lightsale through its blockchain subsidiary, Singapore-based WEMIX Pte. Lightsale's entire stake is owned by Lightsale Holdings, and WEMIX Pte was the major shareholder with 70% of Lightsale Holdings' stake through initial investment. Essentially, Lightsale was a subsidiary of WEMIX and Wemade. Following the sale, WEMIX has become the second-largest shareholder with a 22% stake in Lightsale. The company that emerged as the major shareholder by acquiring 27% of Lightsale's stake from Wemade is ZKCandy. ZKCandy is a blockchain joint venture established by Southeast Asia's largest game developer iCandy Interactive and ZKsync developer Matter Labs. In October last year, Lightsale Kroma announced on its official X (formerly Twitter) that "ZKCandy has become Kroma's strategic partner as of today." At the time of the cooperation announcement, ZKCandy became the majority shareholder with a total of 57% stake, including the 27% acquired and an additional 30% management-held stake through the merger with Lightsale. Kroma is an Ethereum (ETH) Layer 2 project, created to serve as a link between WEMIX and Ethereum. Former Vice Chairman Jang Hyun-guk once explained Kroma as "a project to attract Ethereum users to the WEMIX mainnet." However, last year's narrative of Ethereum Layer 2 did not achieve good results, and the Kroma token price showed a sluggish trend, leading to the decision to sell the stake. An insider familiar with the matter said, "The decision to sell the Lightsale stake was made internally for cost reduction and risk management." Nevertheless, Wemade is expected to maintain a close relationship with Lightsale even after the stake arrangement. A representative stated, "Wemade and Lightsale will not become completely separate," adding, "Wemade will maintain a cooperative relationship as a board member and partner of Lightsale." Meanwhile, with the complete merger of Lightsale and ZKCandy, the Kroma token is also expected to be swapped for ZKCandy's Candy token. However, users who do not wish to swap tokens can continue to hold Kroma tokens. In the future, Kroma is expected to be used as a key asset in ZKCandy's AI payment protocol. The two companies aim to expand game-centric blockchain services through this merger. A representative from Lightsale stated, "Through this change in share structure, Kroma and ZKCandy have completed a full merger. Kroma's technology is expected to be absorbed into ZKCandy, and in the future, Kroma and ZKCandy will operate as one team." A representative from ZKCandy also expressed, "We have been eyeing Kroma's technology even before the share acquisition," adding, "We are pleased to integrate Kroma into ZKCandy through this opportunity."
May 11PiCKWith the Virtual Asset Tailwind... Related Stocks Rise Simultaneously During the Day
As macroeconomic uncertainties are alleviated with the first trade negotiations between the US and China, the virtual asset (cryptocurrency) market is generally on the rise, and related stocks are showing strong performance during the day. According to the Korea Exchange on the 12th, as of 11:21 AM, Com2uS Holdings is trading at 22,000 won, up 1.38% from the previous trading day. Com2uS Holdings is the second-largest shareholder of Coinone, one of the domestic virtual asset exchanges. In addition, Com2uS Holdings is also developing a Web3 business through its subsidiary, Com2uS Platform. At the same time, Danal (+4.82%), Woori Technology Investment (+1.25%), and Hanwha Investment & Securities (+2.79%) are also showing an upward trend. Woori Technology Investment and Hanwha Investment & Securities are shareholders of Dunamu, the operator of Upbit, the largest virtual asset exchange in Korea. It is interpreted that these virtual asset-related stocks have risen together as the virtual asset market is on the rise. At the same time, Bitcoin is recording $104,145, up 0.07% from the previous day according to CoinMarketCap. Although it is showing a sideways trend today, it is a price that has risen 10.47% compared to the previous week. In addition, the prices of major virtual assets such as Ethereum (+40.11%), XRP (+10.81%), Binance Coin (+11.21%), and Solana (+21.83%) have also risen significantly compared to the previous week.
May 11GeneralMoodeng Surges 110% Intraday…Impact of Binance Alpha Inclusion
Some meme coins are showing a rapid surge intraday. The effect of Binance's new coin project 'Binance Alpha', the world's largest exchange, is being proven once again. As of 10:26 AM on the 12th (KST), Moodeng (MOODENG) is recording a 111.76% surge to $0.2690 according to CoinMarketCap. At the same time, another meme coin, Goatsius Maximus (GOAT), is also recording a 40.98% surge to $0.2121. However, not all meme coins are on the rise. At the same time, the leading meme coin Dogecoin (DOGE) is recording a 3.64% decline to $0.2351. Other coins like Shiba Inu (-2.65%), Pepe (+6.37%), Official Trump (-2.46%), and Bonk (-2.06%) have not shown significant upward trends. The reason for the surge of these two meme coins is attributed to their listing on Binance Alpha. While other meme coins are showing sluggish price increases, only these two have shown a rapid surge. Previously, on the 11th, Binance announced through its official X (formerly Twitter) that "Moodeng and Goatsius Maximus will be added to the Binance Alpha project."
May 11PiCKWemade Files for Injunction to Suspend Termination of Wemix Trading Support
According to industry sources on the 12th, Wemade announced that it filed for an injunction with the Seoul Central District Court on the 9th to suspend the effect of the decision to terminate trading support for the virtual asset (cryptocurrency) 'Wemix (WEMIX)'. The targets of Wemade's injunction application are four digital asset exchanges that are members of the Digital Asset Exchange Alliance (DAXA): Bithumb, Coinone, Korbit, and Gopax. The Wemix Foundation experienced an unauthorized large transfer of Wemix from the foundation's wallet on February 28, resulting in the theft of a total of 8.65 million virtual assets. Although the foundation began assessing the situation immediately after the hacking incident, controversy arose as the foundation did not notify the public on the day of the incident, citing security threats and market instability. After reviewing the matter, the digital asset exchanges decided to terminate trading support for Wemix on May 2. Consequently, Wemix is facing delisting from the exchanges, effectively leading to its market exit starting June 2. Kwanho Park, CEO of Wemade, criticized the decision to terminate Wemix trading support, stating, "Domestic exchanges have revealed arbitrary and unilateral collusion through a private gathering called DAXA, which has no legal authority or substance." Seokhwan Kim, CEO of Wemix, also stated, "We will use all legal means to respond to DAXA's unreasonable decision."
May 11GeneralBitcoin Exceeds $105,000
May 11BreakingKim Moon-soo Announces 10 Major Pledges Including 'Virtual Asset Spot ETF'
Kim Moon-soo, the presidential candidate of the People Power Party, announced his '10 major pledges' for the presidential election on the 12th, including a virtual asset (cryptocurrency) spot exchange-traded fund (ETF). According to the industry, candidate Kim proposed 'a country of opportunity for middle-class asset growth' as his 5th pledge. To promote middle-class asset growth, he plans to introduce a comprehensive income tax inflation indexation system, expand tax support for Individual Savings Accounts (ISA), and allow virtual asset spot exchange-traded funds (ETF). In the real estate sector, he plans to focus on revising the comprehensive real estate tax and abolishing the reconstruction excess profit recovery system. Meanwhile, candidate Kim presented 'a country favorable for businesses, job creation' as his 1st pledge. Utilizing his experience of attracting Samsung Electronics' 1.2 million pyeong Pyeongtaek semiconductor plant during his tenure as governor of Gyeonggi Province, he plans to promote deregulation, tax reform, and investment activation to create jobs. He also promised to lower the highest corporate and inheritance tax rates, reduce industrial electricity rates, and improve the 52-hour workweek based on labor-management agreements. He announced plans to hold a Korea-U.S. summit immediately after taking office to negotiate a 'tariff package' and to regularize export promotion meetings presided over by the president. The 2nd pledge is 'Leap to the top 3 AI and energy powers.' The pledge includes training 200,000 young AI talents and creating a 100 trillion won public-private joint fund with global companies to support AI unicorn companies. In addition, candidate Kim put forward pledges such as ▲'A country where youth grow, a future-opening Korea', ▲'A country connected by GTX, a Korea growing together', ▲'A country good for childbirth and raising children, reassuring lifelong welfare', ▲'Recovery of the people's economy where small businesses and livelihoods revive', ▲'A country strong against disasters, a Korea protecting its people', ▲'A government cutting privileges, a country building trust', ▲'The power to overcome North Korean nuclear threats, strong national security'.
May 11PiCKFamous Investor: "Crypto Market Will Explode on Fed's Easing"
As the cryptocurrency market rebounded last week, the community's expectations for further gains are growing. Some suggest that signals of easing from the Federal Reserve (Fed) could be a catalyst for additional upward momentum. According to The Daily Hodl, a cryptocurrency-focused media outlet, on the 11th (local time), famous investor Dan Tapiero stated on his YouTube channel, "Digital assets need the help of monetary policy to achieve true success," adding, "Although Jerome Powell, the Fed Chairman, is not currently looking to ease, if he changes his stance, I believe the cryptocurrency market, including Bitcoin (BTC), will surge further." He explained that if the Fed's fiscal tightening eases, it would have a positive effect in terms of liquidity. Tapiero argued, "Monetary policy is needed to prevent the economy from becoming overly constrained in terms of liquidity and demand," and stated, "It's time for Powell to take action." He further predicted, "If all conditions are met, Bitcoin could rise to $180,000."
May 11General