Uk Jin

Bitcoin reaches turning point after 'October nightmare'... "Macroeconomic factors are the catalyst"

Bitcoin (BTC) has continued its weakness in November following October. However, some say Bitcoin has reached a turning point toward an upswing. On the 5th (Korean time), according to crypto asset (cryptocurrency) outlet The Block, Berl Lunde, an ana

[Analysis] "Bitcoin, the $101,000 level is the turning point"

Bitcoin (BTC) surrendered the $107,000 level, which had been regarded as a major support, and fell to $98,000, leading to analysis that the $101,000 level will become a new support. On the 5th (Korean time), CryptoQuant contributor CryptoOnChain said

Japanese listed company Remixpoint buys an additional 29.46 Bitcoin

Japanese listed company Remixpoint made an additional purchase of Bitcoin (BTC). On the 5th (KST), according to BitcoinTreasuryNet on X (formerly Twitter), Remixpoint purchased 29.46 Bitcoin. As a result, Remixpoint's total Bitcoin holdings reached 1

"Bitcoin up 300% since ETF launch… No need to worry about a decline"

As many investors voice concerns over Bitcoin(BTC)'s recent weakness, a claim has emerged that it is not yet a stage to worry. On the 5th (Korean time), Eric Balchunas, a Bloomberg ETF analyst, wrote on X (formerly Twitter), "Bitcoin has recently fal

BlackRock deposits 34,777 Ethereum to Coinbase

The world's largest asset manager BlackRock deposited a large amount of Ethereum (ETH) to an exchange. On the 5th (KST), according to Onchain Lens, BlackRock deposited 35,777 Bitcoin to Coinbase in four transfers starting 20 minutes earlier. As of 9:

Bitwise CIO "Bitcoin enters IPO stage…1% allocation is a thing of the past"

A claim has emerged that Bitcoin (BTC)'s significance as an investment asset is strengthening. According to The Block on the 5th (Korean time), Matt Hogan, Bitwise Chief Investment Officer (CIO), wrote in a letter to investors the previous day that "

Bitcoin, next support level?…"Holding $98,000 is key"

Bitcoin (BTC) has fallen more than 20% from its all-time high. Attention is focused on how far Bitcoin's decline will continue. On the 5th (Korean time), cryptocurrency-focused outlet Cointelegraph reported that Bitcoin has fallen 20% from its all-ti

Buying Pressure Is 'Record-Breaking' Despite Bitcoin Correction

Recently, amid continued weakness in the leading crypto asset Bitcoin (BTC), it was reported that many investors purchased Bitcoin during this downturn. On the 5th (Korean time), crypto media Cointelegraph cited CryptoQuant's 'Bitcoin accumulation wa

Mastercard pursues acquisition of a $2 billion virtual asset firm…"Will it accelerate the era of 24-hour payments?"

While Mastercard is reviewing the acquisition of virtual asset (cryptocurrency) infrastructure firm Zero Hash, some say the deal could hasten the era of 24-hour payments. On the 5th (Korean time), Cointelegraph reported that Mastercard is conducting

Thai Finance Minister "Will tighten regulations on transactions of virtual assets·gold, etc."

Bitcoin recovers to $102,000

Singapore suspends tax benefits for family offices linked to Prince Group, 'Cam' crime syndicate

The Singapore government has suspended tax benefits for two family offices linked to individuals associated with Prince Group. On the 5th (Korea time), Bloomberg reported that Chee Hong Tat, Deputy Chairman of the Monetary Authority of Singapore (MAS

MetaPlanet raises $100 million secured by its Bitcoin holdings

MetaPlanet has newly raised operating funds using its Bitcoin (BTC) holdings as collateral. On the 5th (Korean time), CoinPost reported that MetaPlanet raised $100 million (about 153 billion won) on October 31 using Bitcoin as collateral. This loan i

Binance Alpha, Trust (TRUST) Listed

Canada includes 'plan for a stablecoin regulation bill' in the budget as planned

The Canadian government said it plans to introduce a stablecoin (a virtual asset whose value is linked to fiat currency) regulation bill in the 2025 federal budget. On the 5th (Korean time), Cointelegraph, a media outlet specializing in virtual asset

Arthur Hayes "Bitcoin rebound will begin when the shutdown ends"

BitMEX co-founder Arthur Hayes (Arthur Hayes) said that if the U.S. government shutdown ends, Bitcoin (BTC)'s rally will resume. On the 5th (KST), Hayes said on X (formerly Twitter), "Since the July increase in the U.S. debt ceiling, accumulation in

[Analysis] "Bitcoin approaches oversold territory… short-term buy-the-dip may be considered"

An analysis said Bitcoin (BTC) is approaching an oversold area from a technical perspective, opening a short-term buying opportunity. On the 5th (Korea time), Matrixport said in a report, "Bitcoin has entered a technically overheated selling zone dur

[Today's Major Economic & Cryptocurrency Schedule] US October Nonfarm Employment Change, etc.

<Today's major economic schedule> ▶︎5th (Wed) : △ADP October nonfarm employment change (Korea time 22:15, US time 08:15), △US October services PMI (Korea time 23:45, US time 09:45) <Today's major cryptocurrency schedule> ▶︎5th (Wed) : None

Chainlink founder "On-chain finance is becoming mainstream now"

On-chain finance is rapidly moving into mainstream finance, and the convergence of institutions and DeFi is said to be the key driver of industry growth. On the 5th (Korean time), according to crypto media Odaily, Sergey Nazarov, co-founder of Chainl

Is holding virtual assets okay…Bitmine's Ethereum investment losses near 2.4 billion dollars

As the business model of stockpiling virtual assets (cryptocurrencies) has attracted significant attention this year, many digital asset treasury (DAT) companies have emerged. However, with the recent turn of the virtual asset market into a bear mark

Bitcoin Temporarily Rallies as US-China Tensions Ease

The weakness of the leading virtual asset (cryptocurrency), Bitcoin (BTC), has been prolonged. However, attention is focused on whether it could reach an inflection point as tariff-related tensions between the United States and China eased somewhat t

Radical leftist Mamdani elected New York mayor… Will it affect the virtual asset market?

Joran Mamdani, a New York state lawmaker classified as a radical leftist in the U.S. Democratic Party, has been elected mayor of New York. Attention is focusing on what his administration in New York, the financial and blockchain industry hub, will m

Ethereum, 3500 dollars returned

Bitcoin collapses below $105,000

FTX withdraws proposal to restrict repayments to certain countries such as China and Russia

Bankrupt crypto exchange FTX has reportedly withdrawn its proposal to introduce the 'Restricted Jurisdiction Procedure' that would have limited creditor repayments in certain countries such as China and Russia. On the 4th (Korean time), The Block rep

Ripple stablecoin RLUSD surpasses $1 billion in market capitalization

Ripple's stablecoin (a virtual asset whose value is pegged to fiat currency) RLUSD has surpassed $1 billion in market capitalization. On the 4th (Korean time), Ripple said on X (formerly Twitter), "RLUSD surpassed $1 billion in market capitalization

'Depegging' XUSD operator Stream admits $93 million loss… launches investigation

Stream Finance, operator of the stablecoin 'XUSD' (a virtual asset whose value is linked to fiat currency) that failed to maintain a value of $1 and depegged, disclosed that approximately $93 million in Stream Fund assets were lost. On the 4th (Korea

Ethereum spot ETF, $135.5 million net outflow

A large net outflow occurred from Ethereum (ETH) spot exchange-traded funds (ETFs). On the 3rd (local time), according to trader T, the nine Ethereum spot ETFs recorded a total net outflow of $135.5 million. BlackRock ETHA saw a net outflow of $81.5

Bitcoin spot ETF, US$187.8 million net outflow

Net outflows occurred in Bitcoin (BTC) spot exchange-traded funds (ETFs). On the 3rd (local time), according to TraderT, BlackRock IBIT had a net outflow of US$187.8 million. There were no net inflows or outflows among other spot ETF products.

Strategy seeks to issue euro-denominated preferred shares to purchase Bitcoin

Bitcoin (BTC) largest holder Strategy (formerly MicroStrategy) is seeking to conduct a public offering of euro-denominated perpetual preferred shares 'STRE' to expand its Bitcoin accumulation strategy. On the 4th (Korean time), according to crypto-fo