Uk Jin

US Spot-Bitcoin ETFs See $68.19 Million in Net Outflows

US spot-Bitcoin exchange-traded funds remained in net outflow territory. Data from Trader T showed the 12 US spot-Bitcoin ETFs posted combined net outflows of $68.19 million on June 22. BlackRock's IBIT recorded the largest outflow, with $171.98 mill

Today’s Key Economic and Crypto Events: US June S&P Flash Manufacturing PMI Due

<Today’s key economic events> ▶ June 23 (Tuesday): △ US June S&P Global flash manufacturing PMI (10:45 p.m. Korea time) △ US June S&P Global flash services PMI (10:45 p.m. Korea time) △ Earnings: FedEx (FDX), Carnival (CCL) <Today’s key cryptocurrenc

Court Orders Cross Finance to Pay Coinone $261,000 in Damages

Coinone, a South Korean cryptocurrency exchange, partially won a damages suit against online lending platform Cross Finance Korea. Digital Asset reported on June 23 that the 11th Civil Division of the Seoul Southern District Court ordered the defenda

Crypto Industry Enters ‘Show Me’ Era as Users, Revenue Gain Importance

The cryptocurrency industry has moved beyond a growth phase driven by vision statements and white papers and into one where projects are judged by actual users, revenue and transaction volume, Paul Cafiero, a partner at a16z Crypto, wrote. On June 23

Grayscale Says Bitcoin Could Catch Up to US Stocks If Fed Holds Rates

Bitcoin has underperformed US stocks amid concerns that the Federal Reserve could raise interest rates again, but the cryptocurrency could make up that gap if no further hike materializes, Grayscale said. Jack Pandl, Grayscale's head of research, wro

OKX, ICE Plan US Joint Venture to Connect Tokenized Stocks and Digital-Asset Markets

Global crypto exchange OKX and Intercontinental Exchange, the owner of the New York Stock Exchange, plan to establish a joint venture for tokenized financial products and digital-asset markets. OKX said June 22 that the two companies will each hold a

Ethena Exchange Inflows Top 300 Million ENA in Past Month

More than 300 million Ethena tokens have flowed into exchanges over the past month, lifting the amount of ENA held on trading platforms. On June 23, on-chain analyst Ali Martinez, citing Glassnode data, wrote that more than 300 million ENA tokens had

Bitcoin Futures Open Interest Drops Nearly 20% as June Selloff Clears Leverage

Bitcoin’s double-digit pullback in June was accompanied by a broad unwind of leverage in the futures market. On June 23, CryptoQuant contributor Woo Min-kyu wrote that Bitcoin’s latest correction looked less like fresh leverage building and more like

TurboFlow Raises $6 Million in Seed Round Led by Pantera Capital

On-chain trading platform TurboFlow said Tuesday it had raised $6 million in a seed funding round. Pantera Capital led the round, with participation from Susquehanna Crypto and Digital Currency Group, or DCG. TurboFlow offers perpetual futures and pr

Trump Signs Quantum Orders, Sets 2028 Deployment Goal and 2031 Security Deadline

Orders set specific deadlines for scientific research use by 2028 and for defenses against security threats by 2031 Trump pledges unprecedented investment to secure US leadership as nations compete over global standards and technology ecosystems IBM

US Senate Passes Bill With Temporary Ban on Fed CBDC Issuance

The U.S. Senate passed a bill containing a provision that would bar the Federal Reserve from issuing a central bank digital currency, or CBDC. CoinDesk reported on June 23 that the Senate approved the ROAD to Housing Act the previous day by an 85-5 v

Five Former Ethereum Foundation Researchers Launch Nonprofit Ethlabs

Five former Ethereum Foundation researchers have launched Ethlabs, a nonprofit research group. The Block reported on June 23 that Ethlabs announced its launch in a statement the same day. The group said it was created to meet rising institutional dem

Solmate Infrastructure Sued by Top Outside Shareholder Over Self-Dealing Claims

Solana treasury company Solmate Infrastructure has been sued by its largest outside shareholder, which is targeting the board and management. Odaily reported on June 23 that RBCH, an outside shareholder in Solmate, filed suit in New York State Suprem

US House to Hold Hearing on CLARITY Act on June 17

Blockstream CEO Adam Back Says Bitcoin Could Reach $1 Million by 2028

Adam Back, chief executive officer of Blockstream, laid out a bullish outlook for Bitcoin. Wu Blockchain reported on June 23 that Back sees enough upside momentum in Bitcoin from existing retail investor interest and demand for spot exchange-traded f

Strategy CEO Says He Bought $1 Million of STRC, Will Hold Until It Reaches Par Value

Strategy Chief Executive Officer Phong Le said he bought $1 million worth of STRC. In a post on X on June 23, Le wrote that he had purchased $1 million of STRC and plans to hold it until it reaches par value. STRC is a listed preferred stock recently

Ric Edelman Says Institutional Adoption, Tokenization Are Main Crypto Growth Drivers

Institutional participation and the expansion of asset tokenization are the main growth drivers for digital assets, CoinDesk reported on June 23. Rick Edelman, founder of the Digital Assets Council of Financial Professionals, said investor sentiment

Netanyahu Orders Israeli Military to Halt Fighting in Lebanon

Prime Minister Benjamin Netanyahu has ordered the Israeli military to halt fighting in Lebanon, according to Channel 12. Channel 12 reported on June 20 that Netanyahu and Defense Minister Israel Katz instructed Israeli forces to stop firing inside Le

Iran’s Revolutionary Guard Says Strait of Hormuz Has Been Fully Closed, Warns Ships to Stay Away

Iran’s Islamic Revolutionary Guard Corps said it had fully closed the Strait of Hormuz and warned all vessels not to approach the waterway. Iran’s state-run Fars News Agency reported on June 20 that the IRGC Navy said the Strait of Hormuz had been “c

PancakeSwap Says Smart Contracts Unaffected as OLPC/LABUBU Pool Hack Causes $1.1 Million Loss

PancakeSwap said its smart contracts were not affected after a hack targeting the OLPC/LABUBU liquidity pool caused about $1.1 million in losses. On June 20, the platform said on X that it was aware of reports tied to a specific pool. An initial inve

Iran Says It Will Close Strait of Hormuz Again, Citing US, Israel Ceasefire Violations

Iran said it would close the Strait of Hormuz after accusing the US and Israel of violating a ceasefire agreement. Iran's state-run Fars News Agency reported on June 20 that the Khatam al-Anbiya Central Headquarters said in a statement that the US ha

Tether Co-Founder Says ‘Stablecoin 2.0’ Era Is Coming

The stablecoin industry may be entering a new phase, Cryptonews reported on June 20. Appearing on the “On the Margin” podcast, Tether co-founder Reeve Collins said the industry is currently structured so issuers keep all returns generated by reserve

Pudgy Penguins Starts Selling Trading Cards at Target, Expanding Offline Push

Pudgy Penguins has started selling trading cards through Target, expanding its offline business. Cointelegraph reported on June 20 that Pudgy Penguins launched its Vibes Series 3 trading cards at Target stores across the US. The release brings the to

Saylor Says Strategy Withstood Bitcoin Below $16,000 as STRC Worries Grow

Strategy, facing mounting investor concern during Bitcoin’s latest downturn, moved to calm market nerves. Executive Chairman Michael Saylor wrote on X on June 20 that Bitcoin was trading around $20,000 in October 2022, when Strategy held 130,000 Bitc

Crypto Investors Expand Into Traditional Markets as Convergence Accelerates

Investors who once concentrated on cryptocurrencies such as Bitcoin are widening their reach to traditional financial assets, including S&P 500 exchange-traded funds and artificial intelligence-related funds, according to an analysis. Pu Feng, chief

US House to Hold June 25 Roundtable on Digital Finance

The U.S. House of Representatives will hold a roundtable on June 25 on the role of digital assets and cryptocurrencies in expanding financial freedom and their implications for national security. William Timmons, chairman of the House Subcommittee on

Crypto Prediction Markets’ Weekly Volume Surpasses $10 Billion for First Time, Hits Record $10.8 Billion

Cryptocurrency-based prediction markets posted weekly trading volume of more than $10 billion for the first time. Weekly prediction-market volume reached a record $10.8 billion last week, a16z Crypto said on June 20. Demand was concentrated around a

SEC’s Peirce Says Perpetual Futures, Prediction Markets Need Clear Rules

Hester Peirce, a commissioner at the US Securities and Exchange Commission, said new financial products need a clear regulatory framework. Peirce told The Rollup that products such as tokenized securities, perpetual futures and prediction markets sho

Crypto Whale Buys $16.55 Million of Solana, Acquiring 234,900 Tokens

A cryptocurrency whale bought a large amount of Solana in a short span, on-chain data showed. On June 20, on-chain analyst EmberCN said the investor purchased 234,900 Solana tokens over the past three hours using 16.555 million USDC. The average purc

Philippine SEC Says It Is Ready to Embrace RWA Tokenization

The Philippine Securities and Exchange Commission said it is ready to embrace the tokenization of real-world assets, or RWAs. Cointelegraph reported on June 20 that Rogelio Quevedo, a commissioner at the Philippine SEC, told Philippine Blockchain Wee