Uk Jin

'Bitcoin's sharp rebound'…Crypto assets fear and greed index surges to 50

According to crypto asset (cryptocurrency) data provider Alternative, the crypto assets' fear and greed index rose 13 points from the previous day to 50. As of 9 a.m. that day, Bitcoin (BTC) was at $112,165 on CoinMarketCap, down 2.25% from the previ

Pro-virtual-asset New York Mayor Eric Adams Withdraws from Re-election Bid... Cites Financial Hardship and Media Pressure

New York Mayor Eric Adams has abandoned his bid for re-election. Eric Adams is friendly toward virtual assets (cryptocurrency). On the 29th (Korea time), according to crypto-focused media outlet The Block, Mayor Adams announced via X (formerly Twitte

[Today's Major Economic & Cryptocurrency Schedule] Christopher Waller Fed Governor Speech, etc.

<Today's Major Economic Schedule> ▶︎29 (Mon) : △Christopher Waller, Federal Reserve (Fed) Governor speech (KST 20:30) <Today's Major Cryptocurrency Schedule> ▶︎29 (Mon) : △Lido (LIDO) buyback vote △Avalanche (AVAX) team update △Ronin (RON) buyback st

[Analysis] "Ethereum, downside liquidity exhausted…short-term short squeeze possible"

Ethereum (ETH) futures market has seen downside liquidity exhausted, raising the possibility of a short-term short squeeze (a phenomenon in which short positions are massively liquidated). On the 29th (Korean time), CryptoQuant contributor 'XWIN RESE

[Analysis] "Exchange inflows of Bitcoin holders at the lowest level of this cycle"

The exchange inflows of 'Wholecoiners' (investors who hold at least 1 Bitcoin (BTC)) have fallen to the lowest level of this cycle. On the 29th (Korean time), CryptoQuant contributor Darkfost wrote in a report, "According to exchange inflows to Binan

Bitcoin also breaks through $112,000

"Bitcoin likely to undergo several corrections during the process of reaching an all-time high"

Bitcoin (BTC) is expected to undergo repeated large corrections of around 20% on its way to a new all-time high. On the 29th (KST), analyst Jordi Biseo said, "Leading stock NVIDIA experienced five corrections of more than 20% during the period when i

Ethereum exceeds $4,100

Bitcoin surpasses $111,000

Despite the Bitcoin slump… Saylor "I always accumulate Bitcoin"

Even as Bitcoin (BTC) has continued to be weak recently, the buying spree by the largest Bitcoin-holding company appears to be continuing. On the 29th (Korea time), Michael Saylor, CEO of Strategy (formerly MicroStrategy), shared a 'Saylor Tracker ch

Poland passes virtual asset regulation amid controversy… industry criticizes it as "overregulation"

Poland's parliament has passed a new virtual asset (cryptocurrency) law that aligns with European Union (EU) standards. However, there appears to be controversy within Poland over the bill's passage. On the 29th (Korean time), according to crypto-spe

People Power Party to establish 'Digital Asset TF' led by Kim Jae-seop…"Swiftly pursue institutionalization"

People Power Party to set up 'Digital Asset Value Special Committee' Kim Jae-seop: "We will promptly organize digital asset regulations" Industry: "Kakao and Naver are strong candidates for a won-denominated stablecoin" "Second-phase legislation must

Taiko launches new testnet 'Taiko Hoodi'… Helka to be shut down on the 30th

Taiko (TAIKO), an Ethereum (ETH)-based rollup project, announced on the 26th that it launched a new testnet, 'Taiko Hoodi', starting on the 25th. Taiko Hoodi is a new testnet with Taiko's core feature, preconfirmation, applied, and it is expected to

Peaq’s ‘DePIN Layer 1’: “The ‘Machine Economy’ is just beginning… it will drive explosive growth” [Cointerview]

Interview with Leonard Dorlöchter, co-founder of peaq DePIN-specialized Layer 1 blockchain ‘peaq’ “DePIN is the engine of the ‘Machine Economy’ era” “Focused on expanding the ecosystem to support token value” “Korea is an optimal environment… in talk

"Digital Asset Phase 2 Legislation, Government Proposal May Be Announced This Year"

With about three months left in the year, opinions were expressed that Phase 2 legislation for digital assets (cryptocurrencies) should be enacted within the year and that it is fully possible. Hwang Se-woon, Senior Research Fellow at the Korea Capit

Kim Gap-rae "Naver vs Kakao… The stablecoin battleground depends on the 'redemption structure'"

Competition in the fintech industry over stablecoins (virtual assets whose value is linked to fiat currency) is intensifying, and opinions suggest that ultimately the winner depends on the direction of regulatory proposals. Kim Gap-rae, director at t

People Power Party "Digital assets, a stepping stone for South Korea's leap to a financial powerhouse"

The People Power Party announced plans to foster the digital asset (cryptocurrency) market to propel South Korea into a financial powerhouse. On the 26th, Kim Jae-seop of the People Power Party attended the 'Digital Asset Market: From Institutionaliz

Kwon Seong-taek, CEO of TiOrder "Stablecoins reduce payment fees by up to 30 times… Will take a global leap with SUI"

"Korea is the country with the most developed dining-out industry in the world. Payment innovation that can provide tangible benefits to small business owners is needed. TiOrder seeks to realize this through collaboration with SUI." Kwon Seong-taek,

[Today's Global Coins of Interest] Bitcoin·ZeroG·Ethereum, etc.

According to Kaito's Token Mindshare (an indicator that quantifies the influence of specific tokens within the virtual assets (cryptocurrencies) market) Top Gainer, as of the 23rd the top five virtual asset-related keywords that people are most inter

World Liberty Financial co-founder "Debit card launch soon… focusing on restoring token value through ecosystem expansion"

World Liberty Financial (WLFI), a U.S. DeFi project, said it will soon launch its own debit card and will use it to expand its ecosystem. On the 23rd (Korea time), according to crypto-focused media The Block, Jak Forkman, co-founder of World Liberty

UXLINK hacker cashes out $28.1 million worth of tokens

A hacker who attacked UXLINK has reportedly cashed out. On the 23rd (KST), LookonChain reported that the UXLINK hacker sold 49 million UXLINK tokens on a decentralized exchange (DEX), converted them to Ethereum (ETH), and cashed out $28.1 million wor

UXLINK detects malicious token issuance… urgent trading suspension and swap planned

UXLINK confirmed signs of unauthorized token mining and launched an emergency response. On the 23rd, UXLINK said, "We have continuously detected a malicious actor illegally mining UXLINK tokens," and added, "We will take immediate action to protect t

UXLINK "Hacker Illegally Issued Tokens…Recommends Refraining from Token Trading"

The scale of UXLINK's security incident appears to be growing. On the 23rd (Korean time), UXLINK announced on its official X (formerly Twitter) that "a hacker issued 1,000,000,000 UXLINK tokens in an unauthorized form," saying "this issuance is a vio

Bitcoin returns $112,000

Ethereum spot ETF, $76.1 million net outflow

Following Bitcoin (BTC), net outflows also occurred in Ethereum (ETH) spot exchange-traded fund (ETF) products. On the 22nd (local time), according to TraderT, the nine Ethereum spot ETFs recorded a net outflow of $76.1 million that day. Fidelity FET

U.S. Bitcoin spot ETFs, $363.2 million net outflow

Bitcoin (BTC) showed intraday weakness, leading to large net outflows from Bitcoin spot exchange-traded funds (ETF). According to TraderT on the 22nd (local time), the 11 Bitcoin spot ETFs recorded a total net outflow of $363.2 million that day. Only

Coinbase provides CleanSpark with $100 million Bitcoin-collateralized credit facility

Coinbase is providing Bitcoin (BTC) miner CleanSpark with a $100 million credit facility. According to Decrypt on the 23rd (KST), CleanSpark secured a $100 million credit facility from Coinbase Prime using its Bitcoin holdings as collateral. CleanSpa

UXLINK "Most hacked assets frozen…begin damage recovery"

Global social-based Web3 platform UXLINK announced on the 23rd that, regarding the recent security incident, it has frozen a substantial portion of the stolen assets in cooperation with major exchanges. UXLINK said on X (formerly Twitter), "The excha

[Analysis] "Bitcoin plunge: macro environment, SEC, miners, etc. cited as causes"

On the previous day, Bitcoin (BTC) plunged intraday, and various factors were pointed to as causes. On the 23rd (Korean time), a contributor from crypto asset (cryptocurrency) analysis firm CryptoQuant's 'XWIN Research Japan' wrote in a report that "

Aviation tracking DePIN project 'Wingbits' selects Korean Air as first airline partner

Sweden-based DePIN (DePIN·decentralized physical infrastructure network) startup Wingbits announced on the 23rd that it selected South Korea's Korean Air as its first airline partner. Under this agreement, Wingbits will provide Korean Air with real-t