Uk Jin

[Breaking] August industrial production 'flat'… retail sales 2.4%↓·facility investment 1.1%↓

Retail sales, which had shown strength in July due to livelihood recovery consumption coupons and a recovery in consumer sentiment, turned negative last month. According to the 'August Industrial Activity Trends' released by Statistics Korea on the 3

Türkiye pushes to grant financial authorities the power to freeze crypto accounts

It has emerged that the Türkiye government is preparing a bill to grant the Financial Crimes Investigation Board (MASAK) the authority to directly freeze virtual asset (cryptocurrency) accounts. On the 29th (local time), according to Cryptopolitan, t

U.S. SEC and CFTC stress "no merger plans" at first joint roundtable in 14 years

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) held a joint roundtable for the first time in 14 years and officially denied merger rumors that had been raised in some quarters. On the 29th (local

[Today's Major Economic and Cryptocurrency Schedule] U.S. August Department of Labor Job Openings and Labor Turnover Report, etc.

<Today's Major Economic Schedule> ▶︎30th (Tue) : △China September Manufacturing Purchasing Managers' Index (KST 10:30) △UK Q2 GDP (KST 15:00) △U.S. August Department of Labor Job Openings and Labor Turnover Report (KST 23:00) <Today's Major Cryptocur

Virtual asset market also on alert for U.S. government shutdown…"Possible short-term Bitcoin volatility"

With the deadline for the U.S. Congress to agree on a budget one day away, attention is focused on whether the effects of a shutdown will also hit the virtual assets (cryptocurrency) market. On the 29th (local time), crypto-focused outlet Cryptopolit

'Alleged mastermind of the largest Bitcoin fraud in history' Chinese woman admits charges

On the 29th (local time), crypto-focused outlet BeInCrypto reported that London police confirmed that A, a Chinese national, deceived approximately 128,000 people between 2014 and 2017 to siphon off large sums, which were then stored in Bitcoin (BTC)

Massachusetts (U.S.) to Discuss Bitcoin Reserve Bill

The Massachusetts legislature is set to hold a hearing on a bill for a Bitcoin (BTC) strategic reserve. On the 29th (local time), crypto-focused outlet Cointelegraph reported that the Massachusetts House and Senate joint revenue committee will review

Head of New York State Department of Financial Services resigns after 4 years

Adrienne Harris, superintendent of the New York State Department of Financial Services (NYDFS), is stepping down after 4 years. On the 29th (local time), according to crypto (cryptocurrency) outlet Cointelegraph, Governor Kathy Hochul announced Harri

HumidFi rises to No. 1 among Solana-based DEXs

Dark pool (a private trading system in which information such as order price and quantity is not disclosed when trading financial products) decentralized exchange (DEX) HumidFi has recently gained significant popularity. On the 29th (Korea time), U B

Qatar's largest bank adopts JPMorgan blockchain platform 'Kynexis'

QNB, one of Qatar's largest banks, is adopting JPMorgan's blockchain payments platform 'Kynexis' to speed up processing of dollar-based corporate payments. On the 29th (Korean time), Bloomberg reported that QNB has adopted the 'Kynexis Digital Paymen

[Today's Global Coins of Interest] HYPURR·Hyperliquid·Limitless etc.

According to Token Mindshare of Kaito, an AI-based Web3 search platform, which quantifies the influence of specific tokens in the virtual asset (cryptocurrency) market, as of the 29th the top 5 virtual asset–related keywords that people are showing t

Aster surges 32% week-on-week…'DEX coin' competition intensifies

Aster (ASTER) has emerged as a new strong player in the decentralized exchange (DEX) market, intensifying competition in the DEX industry. On the 29th (Korean time), Aster was trading at $1.88 on CoinMarketCap, down 1.46% from the previous day. Altho

"mNAV indicator not applicable to digital asset finance companies…increases investor confusion"

Recently, poor mNAV (net asset value ratio) metrics at multiple digital asset finance companies (DATs) have come under scrutiny, and some are calling for the mNAV metric to be abolished. On the 29th (Korean time), according to Cointelegraph, a crypto

Hippo Protocol "Not pursuing an IPO"

Hippo Protocol (HP) flatly denied reports of going public (IPO). On the 29th (Korean time), Hippo Protocol stated via X (formerly Twitter), "Hippo Protocol project is not related to Humanscape" and "(We) have no plans to list on the securities market

Crypto asset analyst: "XRP could rise to as much as $30 next year"

XRP (XRP) could rise to as much as $30 next year, a forecast said. On the 29th (Korean time), crypto asset (cryptocurrency) specialist media CoinPedia reported that crypto analyst Jack Rector said on his YouTube channel, "XRP's price could reach $20–

Jeong Eun-bo "Re-evaluation of Korea's Capital Market…Creating a Market Environment for the Korea Premium"

"Will enhance market surveillance system by introducing AI" "Strengthen IPO underwriters' roles and delisting requirements" Jeong Eun-bo, chairman of the Korea Exchange, said on the 29th that "the domestic capital market is being re-evaluated and tru

Sonic Labs appoints Mitchell Demeter as new CEO

Sonic Labs announced on the 29th that it has appointed Mitchell Demeter (Mitchell Demeter) as the new leader to drive global growth and institutional expansion. Demeter, the chief executive officer (CEO), launched the world's first Bitcoin ATM and co

"Stablecoins, real-world use reviews spread…domestic card companies should respond"

An analysis has emerged that domestic consumers' perceptions of stablecoins (virtual assets pegged to fiat currencies) are changing. On the 29th, the industry reported that Shinhan Card's Big Data Research Institute said in its released "Customer Per

Hippo Protocol jumps 20% on news of listing plans

Hippo Protocol (HP) is surging intraday. On the 29th (Korean time), according to virtual asset (cryptocurrency) exchange Upbit, Hippo Protocol is trading at 67.3 won, up 20.18% from the previous day. It is interpreted that investor sentiment poured i

Hacked 'Hyperdrive' completes recovery and resumes operations

Hyperdrive, which suffered a hacking incident, is resuming operations. On the 29th (KST), Hyperdrive said on X (formerly Twitter), "We have completed the recovery of funds for all accounts in relation to the security incident that occurred on the 27t

Financial Services Commission Avoids Dissolution… Lee Eok-yeom "Last Chance to Gain Public Trust"

Urged at an executive meeting As the Financial Services Commission was excluded from the government organization law revision and thus avoided the threat of dissolution, Chairman Lee Eok-yeom emphasized organizational renewal and the restoration of t

KOSDAQ-listed company 'Parataxis' purchases 50 additional bitcoins

South Korea's first institutional investor-based Bitcoin (BTC) treasury and mining platform company, Parataxis Korea (Parataxis Korea), announced on the 29th that it purchased approximately 50 bitcoins. With this purchase, Parataxis Korea's bitcoin h

Incheon City Introduces Virtual Asset Tracking to Collect Overdue Water Bills

The Incheon City Waterworks Headquarters will pilot a virtual asset tracking system for collecting water bills, the first of its kind nationwide. According to industry sources on the 29th, the Incheon City Waterworks Headquarters announced it will op

12-year dormant whale, activated 2 hours ago

A whale address that was inactive for 12 years was activated. According to Whale Alert on the 29th (KST), about 2 hours ago the whale transferred 400 Bitcoin (BTC) to an anonymous address.

'Bitcoin's sharp rebound'…Crypto assets fear and greed index surges to 50

According to crypto asset (cryptocurrency) data provider Alternative, the crypto assets' fear and greed index rose 13 points from the previous day to 50. As of 9 a.m. that day, Bitcoin (BTC) was at $112,165 on CoinMarketCap, down 2.25% from the previ

Pro-virtual-asset New York Mayor Eric Adams Withdraws from Re-election Bid... Cites Financial Hardship and Media Pressure

New York Mayor Eric Adams has abandoned his bid for re-election. Eric Adams is friendly toward virtual assets (cryptocurrency). On the 29th (Korea time), according to crypto-focused media outlet The Block, Mayor Adams announced via X (formerly Twitte

[Today's Major Economic & Cryptocurrency Schedule] Christopher Waller Fed Governor Speech, etc.

<Today's Major Economic Schedule> ▶︎29 (Mon) : △Christopher Waller, Federal Reserve (Fed) Governor speech (KST 20:30) <Today's Major Cryptocurrency Schedule> ▶︎29 (Mon) : △Lido (LIDO) buyback vote △Avalanche (AVAX) team update △Ronin (RON) buyback st

[Analysis] "Ethereum, downside liquidity exhausted…short-term short squeeze possible"

Ethereum (ETH) futures market has seen downside liquidity exhausted, raising the possibility of a short-term short squeeze (a phenomenon in which short positions are massively liquidated). On the 29th (Korean time), CryptoQuant contributor 'XWIN RESE

[Analysis] "Exchange inflows of Bitcoin holders at the lowest level of this cycle"

The exchange inflows of 'Wholecoiners' (investors who hold at least 1 Bitcoin (BTC)) have fallen to the lowest level of this cycle. On the 29th (Korean time), CryptoQuant contributor Darkfost wrote in a report, "According to exchange inflows to Binan

Bitcoin also breaks through $112,000