Uk Jin

U.S. SEC "Centralized sequencer Layer 2 should be classified as an exchange"

The U.S. Securities and Exchange Commission (SEC) said it could apply the same registration requirements as exchanges to Layer 2 blockchains that operate centralized sequencers. On the 9th (Korean time), according to crypto-focused media CryptoSlate,

[Market] Cryptocurrency market rises across the board on 'big cut' outlook… XRP, Dogecoin, etc.

Crypto assets (cryptocurrencies) market is showing strength. As expectations for a big cut spurred a broad rally in the U.S. stock market, investor sentiment toward crypto assets also appears to have strengthened. As of 7:06 a.m. on the 9th (Korean t

SwissBorg hacked; $41 million worth of Solana stolen

A hack occurred at a Swiss virtual asset (cryptocurrency) platform, resulting in the theft of a large amount of Solana (SOL). On the 9th (Korean time), crypto-focused outlet The Block reported that on-chain detective ZachXBT said SwissBorg was hacked

OpenSea moves to stockpile NFTs… first purchase is a CryptoPunk

As virtual asset (cryptocurrency) stockpiling has recently spread like a trend, the global non-fungible token (NFT) marketplace OpenSea is moving to stockpile NFTs. On the 9th (KST), according to crypto news outlet Cointelegraph, OpenSea has set up a

"XRP·Solana·Cardano, top candidates for the next ETF"

With market attention focused on the third crypto asset (cryptocurrency) spot exchange-traded fund (ETF) following Bitcoin (BTC) and Ethereum (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA) are being cited as leading candidates. On the 8th (Korea t

Binance CEO Visiting Korea "Positive About South Korea's Virtual Asset Policy Changes"

"South Korea is a tech-friendly, dynamic market with a high proportion of holdings in virtual assets (cryptocurrencies). It is very positive that the new government has recently become more favorable toward digital assets." Richard Teng, CEO of Binan

World jumps 27% intraday

World (WLD) is experiencing an intraday surge. On the 8th (Korean time), according to CoinMarketCap, a website providing crypto market data, World is trading at 1.29 dollars, up 27.42% from the previous day. This is 50% higher than a week ago. The ba

Bitcoin: whale selling intensifies…115,000 sold in one month

Whales holding large amounts of Bitcoin (BTC) are showing significant selling pressure. On the 8th (Korean time), crypto-asset (cryptocurrency) specialist media Cointelegraph reported, citing a CryptoQuant report, that over the past 30 days Bitcoin w

Despite Fed rate-cut outlook... experts say "Bitcoin's rebound has limits"

Even if the Federal Open Market Committee (FOMC) cuts rates at its meeting in September, there are views that upward pressure on Bitcoin (BTC) could be limited. On the 8th (KST), The Block reported that Vincent Liu, Chief Investment Officer (CIO) at

[Today's global coins of interest] Hyperliquid·Avalanche·USDC etc

According to Kaito's Token Mindshare (Token Mindshare · an indicator that quantifies the influence of a specific token in the crypto asset market) top gainer, as of the 8th the top 5 crypto asset-related keywords that people are most interested in ar

Standard Chartered "September big cut expected"

With global financial markets focused on a potential rate cut by the Federal Reserve (Fed) in September, opinions have emerged that the Fed may carry out a big cut (cutting rates by 50bp). On the 8th (Korean time), Jinsi News reported that Standard C

Ethereum tests 4220 dollars support… resistance is 4360 dollars

Ethereum (ETH) appears unable to mount a rebound. As of 12:36 PM KST on the 8th, CoinMarketCap reports Ethereum is trading at 4317 dollars, up 0.44% from the previous day. Although it rose slightly that day, its rate of increase is lower compared to

Decentralized exchange Aster to unveil token on the 17th

On the 7th (local time), decentralized perpetual futures exchange Aster (ASTER) announced via X (formerly Twitter) that it will hold a token reveal event on the 17th. An airdrop of 704,000,000 tokens will also be conducted along with the token reveal

Metaplanet buys additional 136 bitcoins

Metaplanet, known as Japan's Strategy (formerly MicroStrategy), has purchased additional Bitcoin (BTC). On the 8th (KST), Simon Gerovich, Metaplanet CEO, announced via X (formerly Twitter) "Metaplanet purchased 136 bitcoins at an average price of $11

Danal to fully pursue Korean won stablecoin…considering use of XRP Ledger

Danal said on the 8th that it will formally pursue a Korean won-based stablecoin (a virtual asset whose value is linked to a fiat currency) project. It was reported that in the process it will consider using Ripple's blockchain network, the XRP Ledge

Virtual Asset Treasury Frenzy in Hong Kong…Jack Ma and Changpeng Zhao Also Participate

Hong Kong-listed companies are showing signs of actively beginning to accumulate virtual assets (cryptocurrencies). On the 8th (Korean time), according to China's Phoenix Net, Hong Kong-listed Yunfeng Financial, in which Alibaba founder Jack Ma and o

Etena Hints at Joining Competition for Hyperliquid USDH Issuance Rights

The issuer of the stablecoin USDe, Etena (ENA), appears poised to enter the bidding competition for issuance rights of Hyperliquid (HYPE)'s platform-exclusive stablecoin USDH. On the 8th (Korea time), Etena's developer Etena Labs said on X (formerly

Government to push to mandate reporting of virtual asset sale proceeds in real estate transactions

The government plans to make it mandatory to include in the funding plan the proceeds from virtual assets (cryptocurrencies) when they are cashed out to purchase real estate. According to industry sources on the 7th, the government announced measures

Bitcoin falls below $111,000

State Affairs Planning Committee to Grant Korean-won Stablecoin Issuance Authority to Bank–Nonbank Consortium

Attention is focused on whether the issuer of the Korean-won stablecoin (a virtual asset pegged to fiat currency) will be concretely defined. The State Affairs Planning Committee is reportedly preparing a plan to designate the issuer of the Korean-wo

"Satoshi to Return in Bitcoin Crisis"

Anonymous Bitcoin (BTC) creator Satoshi Nakamoto could return to the industry in the future if needed. On the 8th (Korean time), according to crypto asset (cryptocurrency) specialist media Decrypt, Joseph Shalom Shaplink, CEO of Shaplink Gaming, clai

Whales Put 4 Million Dollars into Hyperliquid Purchases

Whales holding large amounts of virtual assets (cryptocurrencies) appear to be accumulating Hyperliquid (HYPE) tokens in large quantities. On the 8th (Korean time), according to OnChainLens, one whale recently deposited 2.05 million dollars (about 2.

Virtual asset Fear & Greed Index records 51 points… up 7 points from the previous day

On the 8th, according to Alternative, a virtual asset (cryptocurrency) data provider, the virtual asset Fear & Greed Index recorded 51 points, rising 7 points from the previous day. As of 9 a.m. that day, Bitcoin (BTC) was trading at $111,146 on Coin

Somnia, two consecutive days of strong gains… up 60%↑

Somnia(SOMI) is showing strength for two consecutive trading days. As of 8:57 a.m. on the 8th (Korea time), Somnia is trading at 1.65 dollars, up 60.66% from the previous day, based on CoinMarketCap. Somnia also recorded an intraday gain of 55% the p

[Analysis] "Large withdrawals of altcoins from Binance… suggest potential for a price increase"

The world's largest exchange Binance reportedly saw large withdrawals of certain altcoins. On the 8th (Korean time), CryptoQuant contributor Burakesmesi said in a report, "Fetch.ai (FET), Amp (AMP), Synthetix (SNX), 0x Protocol (ZRX), and Ankr (ANKR)

"Prime Minister Shigeru Ishiba Resigns…Market Uncertainty Increases"

With Japan's Prime Minister Shigeru Ishiba announcing his resignation, uncertainty in the financial markets appears to be widening. On the 8th (Korean time), Bloomberg reported that Prime Minister Ishiba had decided to resign. Behind Ishiba's resigna

[Today's Major Economic·Cryptocurrency Schedule] August New York Federal Reserve Bank Expected Inflation

<Today's Major Economic Schedule> ▶8 (Mon) : △Japan 2nd quarter Gross Domestic Product (GDP), △August New York Federal Reserve Bank Expected Inflation <Today's Major Cryptocurrency Schedule> ▶8 (Mon) :△dydx proposal 275 vote △Lido(LIDO) migration vot

Bank of Korea to test disbursing vouchers and subsidies using digital currency

The Bank of Korea and commercial banks are planning an experiment to disburse government subsidies using digital currency. On the 8th (Korea time), according to the industry, the Bank of Korea's Digital Currency Office has, since the end of August, a

El Salvador marks 4th anniversary of Bitcoin adoption… sustainability in question

The South American country El Salvador, which adopted Bitcoin (BTC) as legal tender, marked four years of Bitcoin accumulation. On the 7th (local time), President Nayib Bukele posted on X (formerly Twitter), "To celebrate Bitcoin Day, we purchased 21

Kinto to Cease Operations After Hack… Token Plunges 76%

Ethereum (ETH) Layer-2 network Kinto is shutting down due to a hack that occurred last July. On the 7th (local time), crypto-focused outlet The Block reported that Kinto will cease operations on September 30. The reason for Kinto's shutdown is a larg