Uk Jin

Bitcoin Dominance Nears 60%, Signaling Rising Risk Appetite in Crypto Market

Bitcoin, the largest cryptocurrency by market value, has lifted its share of the crypto market to nearly 60%. CoinDesk reported on October 2 that Bitcoin dominance, or Bitcoin’s share of the total cryptocurrency market capitalization, was approaching

Hack of Aave-Linked External Adapter Steals About $305,000; Aave V3 Unaffected

A hack targeting an external adapter built on the decentralized-finance lending protocol Aave resulted in user losses, though the Aave V3 protocol itself was not affected. Cointelegraph reported on October 2 that blockchain security firm SlowMist had

Porsche Ends Web3 Project After Nearly Four Years as 911 NFT Trading Volume Slumps

Porsche is ending its Web3 project and NFT community operations after nearly four years. Cointelegraph reported on October 2 that Porsche announced on its official X account, formerly Twitter, that it would shut down the Porsche Web3 project and Pion

[Today’s Key Economic and Crypto Events] U.S. September Nonfarm Payrolls Report, More

Key Economic Events This Week ▶︎ Friday, Oct. 2: △U.S. September nonfarm payrolls report (10:30 p.m. Korea Standard Time) △U.S. September unemployment rate (10:30 p.m. Korea Standard Time) △Speech by Dallas Fed President Lorie Logan (12 a.m. on Satur

Tether to Return to Bitcoin Network This Month

Tether, issuer of the world's largest stablecoin USDT, is poised to return to the Bitcoin network this month. Utexo, a digital-asset infrastructure project, plans to start issuing USDT on the Bitcoin network this month, CoinDesk reported on October 2

ECB Outlines Three Models for Bringing Central Bank Money On-Chain

The European Central Bank has outlined three models for introducing central bank money into blockchain-based financial markets. According to The Block on October 2, the ECB presented three ways to use central bank money in distributed ledger technolo

South Africa’s Absa Launches Africa’s First Bank Digital-Asset Custody Service

South Africa’s Absa Group has launched a digital-asset custody service, becoming the first bank in Africa to do so. Bloomberg reported on October 2 that, after securing approval from South African regulators, Absa has begun offering digital-asset sto

US Court Dismisses Class Action Over Argentina President-Promoted Meme Coin LIBRA

A US class action lawsuit tied to LIBRA, the token promoted by Argentine President Javier Milei, has been dismissed. Judge Jennifer Rochon of the US District Court for the Southern District of New York dismissed the suit against Kelsier Ventures, an

South Korea’s Five Biggest Won-Market Crypto Exchanges Cut Balance Checks to Under 5 Minutes

South Korea’s five largest won-market digital-asset exchanges have all shortened the interval for reconciling actual holdings against internal ledgers to less than five minutes. Financial News reported on October 2, citing data that Democratic Party

Bitcoin Futures Buying Pressure Hits Highest Since August, With Caution if Price Falls to $83,000

Buying pressure in the Bitcoin futures market has jumped to its highest level in about six weeks. Open interest is also rising quickly, indicating that market participants are building positions again. On Oct. 2, on-chain analyst Axel Adler Jr. wrote

[Analysis] Stablecoin Inflows to Binance From $1 Million-Plus Whales Jump 40% in a Month

Large investors in the Bitcoin market appear to be gaining more room to buy, according to an analysis published on Oct. 2. Inflows to Binance from so-called millionaire whales transferring more than $1 million in stablecoins have risen more than 40%

SBI Savings Bank Executive Says Blockchain Will Change Banking Operations

Blockchain technology can improve the efficiency of banking operations, speakers said at an industry event in Seoul. Shin Joong-hyun, head of future growth at SBI Savings Bank, said at the "Bridging Finance Onchain" event held at the Four Seasons Hot

Kyobo Life Group Expands Digital-Asset Push Across Insurance, Securities, Prepares for Regulatory Shift

Kyobo Life Group is expanding its digital-asset business across its financial units, centered on insurance and securities. The group plans to proactively test business models spanning on-chain finance, from premium payments and insurance benefit payo

BDACS Says KRW1 Can Link Korean, Global Capital and Help Internationalize the Won

BDACS, a South Korean digital-asset custodian, said its stablecoin KRW1 and other won-backed stablecoins could help internationalize the Korean currency by linking Korean capital with global markets in ways that were previously impossible. Kim Tak-jo

StraitsX Plans XSGD, First Native Singapore Dollar Stablecoin on Monad

Singapore-based digital-asset payments infrastructure company StraitsX said on Oct. 1 that it plans to launch the Singapore dollar-denominated stablecoin XSGD and the U.S. dollar-denominated stablecoin XUSD on Layer 1 blockchain Monad. StraitsX plans

Brazil’s $4 Trillion CSD BR to Record Fund Ownership on XRP Ledger

CSD BR, a Brazilian financial-market infrastructure operator overseeing about $4 trillion in assets, is beginning to record fund ownership data on the XRP Ledger. CoinDesk reported on September 30 that CSD BR has started recording ownership records f

Spot Ether ETFs Post $2.8 Million Net Outflow, Ending Seven-Day Inflow Streak

Spot Ether exchange-traded funds posted net outflows. Farside Investors data showed spot Ether ETFs recorded total net outflows of $2.8 million on Sept. 29, ending a seven-trading-day streak of net inflows. By product, Grayscale's ETH drew net inflow

HSBC Finalizes ‘HSBC RedCoin’ as Name of Hong Kong Dollar Stablecoin

HSBC has finalized the official name of its planned Hong Kong dollar stablecoin as HSBC RedCoin. Odaily reported on September 30 that HSBC plans a phased rollout of RedCoin. The first stage will focus on peer-to-peer transfers and person-to-merchant

Bonanza Factory Expands IAAN AML Cooperation Network; Bybit Joins

Bonanza Factory, a cryptocurrency compliance company, said on September 30 that it is expanding IAAN, an institutional anti-money laundering network that supports investigative cooperation between South Korean law enforcement agencies and global virt

Bitcoin Bull Score Hits 90, but Demand Slows, Analysis Shows

Bitcoin’s bull-market indicator has climbed close to its highest level, but buying demand in both the spot and futures markets is weakening at the same time, suggesting the cryptocurrency’s short-term upside is losing momentum. CoinDesk reported on S

Arthur Hayes Says Ethereum Will Reach $10,000 by Year-End

BitMEX co-founder Arthur Hayes said Ethereum will reach $10,000 by the end of this year. Odaily reported on September 30 that Hayes made the comment at Korea Blockchain Week 2026, held at the Walkerhill Hotel in Seoul. Hayes had also set a $10,000 ye

US Spot Bitcoin ETFs See $66.2 Million in Net Inflows

US spot Bitcoin exchange-traded funds continued to post net inflows. Farside Investors data showed the funds recorded total net inflows of $66.2 million on Sept. 29. BlackRock's IBIT led with $51.1 million in net inflows, followed by Ark Invest's ARK

PPP Floor Leader Jung Urges Finance Minister to Delay or Scrap Digital-Asset Tax

People Power Party floor leader Jung Jeom-sik said South Korea should reconsider its plan to begin taxing digital assets in January next year, arguing that a rushed rollout could drive domestic capital overseas. According to industry officials on Sep

Binance Pay Enables USDT Payments at PayPay Merchants in Japan

Binance Pay, the payment service of Binance, has begun supporting Tether's USDT for overseas users visiting Japan. Cointelegraph reported on September 30 that Binance Pay started offering USDT payments that day at most merchants in Japan that accept

Quant Jumps 42% Intraday, Rises to No. 30 in Market Cap

Quant surged more than 40% in intraday trading, rising to 30th place in the global digital-asset market capitalization rankings. CoinMarketCap data showed Quant trading at $297.54 as of 11:10 a.m. on September 30, up 42.39% from a day earlier. The ra

Cathie Wood Says ARK Added Kalshi to ETF Strategy

Cathie Wood, chief executive officer of ARK Invest, said the firm has added prediction-market platform Kalshi to its exchange-traded fund strategy. On September 30, Wood said she was "very pleased" to add Kalshi, another private company, to the firm'

Sooho.io Hosts Seoul Digital Money Summit 2026, Unveils Global Finance Connectivity Plan

Digital-asset financial infrastructure firm Sooho.io said on Sept. 30 that it hosted the Seoul Digital Money Summit, or SDMS, and unveiled a strategy to connect with global financial networks. The event was attended by South Korean and overseas finan

FSC Chairman Lee Eok-weon Discusses Tokenized Securities With Nasdaq, DTCC, HKEX

South Korea’s Financial Services Commission said on September 30 that Chairman Lee Eok-weon met a day earlier with senior officials from Nasdaq, the Depository Trust & Clearing Corporation and Hong Kong Exchanges and Clearing to discuss tokenized sec

Multicoin Capital Invests in Grass, Citing Search Infrastructure Buildout

Global digital-asset investment firm Multicoin Capital has invested in Grass, a decentralized physical infrastructure network, or DePIN, project. On Sept. 29, Multicoin Capital said on its website that it invested in Grass through its hedge fund and

NEXUS Signs MOU With The Tie, Bringing Stakin by The Tie on as OneChain Validator

NEXUS said on September 30 that it had signed a memorandum of understanding with U.S. digital-asset solutions firm The Tie to strengthen the OneStore ecosystem. Under the agreement, The Tie's institutional staking arm, Stakin by The Tie, will join On