Uk Jin

GraniteShares files for 3x leveraged ETFs for Bitcoin, Ethereum, XRP, Solana

On the 8th (Korean time), according to Unfolded, U.S. asset manager GraniteShares Funds submitted paperwork for 3x leveraged exchange-traded funds (ETFs) with Bitcoin (BTC), Ethereum (ETH), XRP (XRP), and Solana (SOL) as underlying assets.

Cantor Fitzgerald chairman "Will strengthen cooperation with Tether…focus on stablecoins"

U.S. comprehensive financial firm Cantor Fitzgerald said it plans to strengthen cooperation with Tether (USDT), the giant stablecoin company. According to Bloomberg on the 8th (Korea time), Cantor Fitzgerald chairman Brandon Rutnick participated in t

SEC Chair "Pursuing 'innovation exemption' system for virtual asset companies within the year"

The U.S. Securities and Exchange Commission (SEC) is attempting to push for the institutionalization of an 'innovation exemption' system for virtual asset (cryptocurrency) companies within the year. On the 8th (Korean time), according to crypto outle

Iren to issue $875 million in convertible bonds…stock falls 5% in OTC trading

Iren (IREN)'s stock is weak in the over-the-counter market. On the 8th (KST), Iren is trading at $58.90, down 4.51% on the U.S. Nasdaq over-the-counter market. Iren, which previously operated a Bitcoin (BTC) mining business, has recently been seeking

Spot Altcoin ETFs Imminent amid SEC's Easing Stance

With the SEC's easing regulatory stance Higher possibility of altcoin ETF approval XRP and Solana are top priority "Altcoin ETFs need demand verification" Spot exchange-traded funds (ETFs) for altcoins (crypto assets other than Bitcoin) are effective

Kim Wooseok LineNext CSO "Won stablecoin, a means to enable national wealth preservation"

"Stablecoins (virtual assets pegged to fiat currencies) are core infrastructure that can enable the inflow of national wealth. Therefore, they must be launched to preserve the Korean economy." Kim Wooseok, LineNext Chief Strategy Officer (CSO), made

"Won-denominated stablecoin should be led by the private sector"

A suggestion has emerged that issuance of a won-denominated stablecoin (Wonsco) and mainnet construction should be led by the private sector rather than the government or the financial sector. Professor Park Hye-jin of Sogang University AISW Graduate

"Seven stablecoin bills, each has advantages but require supplementation"

Multiple stablecoin (virtual assets whose value is pegged to fiat currency) bills have been proposed in the domestic political sphere, and some argue that it is necessary to appropriately combine the strengths and weaknesses of these bills to pursue

Min Byung-deok "Institutionalizing digital assets will make Seoul a global financial hub"

"If laws related to digital assets, such as won-denominated stablecoins (virtual assets whose value is pegged to fiat currency), are successfully institutionalized, Seoul can leap forward as a global digital finance hub." Min Byung-deok of the Democr

[Today's Global Coins of Interest] Veldex·Bitcoin·Solana etc.

According to Token Mindshare of AI-based Web3 search platform Kaito (Token Mindshare, a metric that quantifies the influence of a specific token in the virtual asset (cryptocurrency) market) top gainer, as of the 1st the top 5 virtual asset–related k

U.S. federal government enters shutdown for first time in 7 years

After the final rejection of a budget agreement by the U.S. Congress, the U.S. federal government entered a shutdown (temporary work stoppage) from 0:01 on the 1st (local time · Korea time 13:01 on the 1st). This is the first time in 7 years since la

XION "Web3 Must Penetrate People's Daily Lives" [Coin Interview]

Anthony Anzalone, XION founder Known for the 'Banksy NFT' "Will accelerate the popularization of virtual assets" Starting market expansion in places like the EU Strong intent to enter Korea "In 5 years, the term Web3 will disappear. XION will provide

Naver to hold 'Dan25' in November…stablecoin strategy in focus

Naver announced on the 30th that it will hold an integrated conference, 'Dan25', that will unveil its latest technologies and strategies at the Grand Ballroom of COEX in Seoul for two days from November 6. At the event, Choi Soo-yeon, CEO of Naver, w

Dunamu & Partners holds 2081 bitcoins

Dunamu's investment subsidiary Dunamu & Partners disclosed on the 30th the details of Bitcoin (BTC) it holds. On that day, Dunamu & Partners said via a notice on Upbit, operated by its parent company Dunamu, that the Bitcoin acquired through an inves

Dunamu·Naver Big Deal and the Perpetual Futures Exchange Craze: Korean Crypto Weekly [INFCL Research]

1. Market Overview Last week in Korea, Upbit listed Sun, 0G, Fluid, Plasma, and Mira Network, while Bithumb listed 0G, Hemi, Bitlayer, Popcat, Fluid, Cudis, and Mira Network, sparking another listing boom. Trading activity on Upbit was led by XPL (26

StarkNet expands into Bitcoin finance

Ethereum (ETH) layer-2 project StarkNet (STRK) is set to support Bitcoin (BTC)-based decentralized finance (BTCFi) services. On the 30th (Korea time), according to crypto outlet The Block, StarkNet will introduce Bitcoin staking and yield products on

OKX launches stablecoin payment service in Singapore

Global virtual asset (cryptocurrency) exchange OKX is launching a stablecoin (a virtual asset pegged to fiat currency) based payment service in Singapore. On the 30th (Korea time), according to crypto outlet CoinDesk, OKX's Singapore unit OKX SG laun

BlackRock's IBIT Overtakes Deribit to Become No.1 in Options Market Trading Volume

BlackRock's Bitcoin (BTC) spot exchange-traded fund (ETF) IBIT has emerged as the world's largest Bitcoin options trading venue. On the 30th (Korean time), according to Crypto News, IBIT's open interest was recorded at about $38 billion immediately a

[Today's Global Coins of Interest] XRP·Bitcoin·Solana etc.

According to Kaito's Token Mindshare (Token Mindshare, a metric that quantifies the influence of specific tokens within the virtual asset (cryptocurrency) market), as of the 30th the top five virtual-asset-related keywords people are most interested

Sky unveils Solana asset allocation project 'Keel'

The decentralized finance (DeFi) protocol Sky (SKY, formerly MakerDAO) announced on the 30th that the Solana (SOL)-based project Star (the name of the decentralized organization within the Sky ecosystem) 'Keel' has launched. According to a CoinDesk r

Spot Ethereum ETF records net inflows in one week… $546,900,000

Spot Ethereum (ETH) spot exchange-traded funds (ETFs) have succeeded in turning to net inflows. On the 29th (local time), according to Paside Investor, spot Ethereum ETFs saw $546,900,000 in funds flow in on the day. Fidelity FETH and BlackRock ETHA

Bitcoin spot ETF net inflows of $518 million

The Bitcoin (BTC) spot exchange-traded fund (ETF) turned to a net inflow. On the 29th (local time), according to Farside Investor, spot Bitcoin ETFs recorded net inflows of $518 million that day. Fidelity FBTC led with a net inflow of $298.7 million,

Ripple CLO "U.S. government must finalize clarification of virtual asset regulations"

A call was made for the U.S. government to hurry up and clarify regulations for virtual assets (cryptocurrencies). On the 30th (Korea time), according to crypto-focused media CoinDesk, Stuart Alderoty, Ripple's chief legal officer (CLO), wrote in an

People Power Party "Stablecoins, an Irresistible Trend"

Jang Dong-hyeok, leader of the People Power Party, on the 30th emphasized the need to institutionalize stablecoins (virtual assets whose value can be linked to fiat currency), calling it an "irresistible trend of the times." At a forum held at the Na

Shinhan Bank to join international 'blockchain payment' project

It has been revealed that Shinhan Bank is participating in SWIFT's blockchain-based ledger real-time international payment project. According to industry sources on the 30th, Shinhan Bank will be the only domestic commercial bank to participate in SW

Number of virtual asset users surpasses 10 million… Domestic virtual asset market capitalization decreases

The number of domestic virtual asset (cryptocurrency) users has surpassed 10 million. On the other hand, the scale of virtual assets traded within domestic exchanges has decreased. This is interpreted as being influenced by an outflow of users to ove

Alt season arriving?… Indicators say "Not overheated yet"

Recently in the virtual asset (cryptocurrency) market, altcoins have recorded much higher gains compared to Bitcoin (BTC), but it has been argued that, based on indicators, it is still difficult to say that an alt season has arrived. On the 30th (Kor

Base to carry out mainnet Superchain upgrade on the 7th

The Ethereum (ETH) Layer 2 network Base (BASE) will carry out an Optimism (OP) Superchain upgrade on the 7th. On the 30th (KST), Base Build X (formerly Twitter) said the Base mainnet will carry out the Optimism Superchain U16A upgrade on the 7th from

Wisconsin seeks exemption from money transmission licenses for virtual asset operators

A bill intended to facilitate economic activity related to virtual assets (cryptocurrencies) has been introduced in Wisconsin, USA. On the 30th (Korean time), according to crypto-focused media Cointelegraph, the Wisconsin State Assembly introduced bi

Dunamu and KAIST Sign Industry–Academia MOU for Cooperation in Digital Finance and Assets

Dunamu, which operates Upbit, the country's largest digital asset exchange, announced on the 30th that it has signed an industry–academia cooperation memorandum of understanding (MOU) with the Department of Management of Technology at KAIST for joint