Uk Jin

"This Week’s Key Indicator is CPI…Caution Advised Due to Volatility"

Although the virtual asset (cryptocurrency) market has generally turned bullish, there is advice to be cautious about volatility, as key indicators such as the United States Consumer Price Index (CPI) will be announced this week. According to CoinDes

[Today's Major Economic · Cryptocurrency Schedules] US July Consumer Price Index etc.

<Today's Major Economic Schedule> ▶Tuesday 12th: △United States July Consumer Price Index (CPI, KST 21:30) <Today's Major Cryptocurrency Schedule> ▶Tuesday 12th: △Aptos (APT) Token Unlock

Trump Media submits amended filing to SEC… One step closer to launch of spot Bitcoin ETF

Trump Media & Technology Group (TMTG), with Donald Trump, the former U.S. President, as its largest shareholder, is accelerating the launch of the Truth Social Bitcoin ETF. According to crypto-focused media outlet CryptoSlate on the 11th (local time)

Paxos Makes Another Attempt at Obtaining U.S. Banking License

Paxos, the issuer of PayPal USD (PYUSD), has submitted an application to obtain a U.S. banking license. On the 11th (local time), crypto-specialized media outlet Cointelegraph reported that Paxos had applied to the Office of the Comptroller of the Cu

Will PumpFun regain its throne... Ranked No.1 in market share for five consecutive days

Attention is focused on whether PumpFun (PUMP), which had faltered in the meme coin launchpad sector, can reclaim its former reputation. As of 7:01 AM on the 12th (KST), PumpFun is trading at $0.003443 on CoinMarketCap, up 11.48% from the previous da

Trump Extends US-China Tariff Truce by 90 Days... New York Stock Exchange Ends Weak [Morning Briefing]

◆ New York Stock Exchange closes lower ahead of July CPI release The New York Stock Exchange closed lower ahead of the July release of the US Consumer Price Index (CPI). On the 11th local time, the Dow Jones Industrial Average ended at 43,975.09, dow

Coinbase Ventures accumulates Toncoin... Supporting Telegram's Web3 business

Coinbase Ventures, the investment arm of U.S. cryptocurrency exchange Coinbase, has invested in Toncoin (TON), the token of the Telegram-based blockchain 'The Open Network' (TON), the TON Foundation announced on the 11th (local time). Coinbase Ventur

OpenAsset secures 5 billion KRW investment from Dozen…Develops stablecoin payment service

Blockchain fintech company OpenAsset announced on the 11th that it has secured a strategic investment worth 5 billion KRW from Dozen, a financial VAN (Value Added Network) service provider. Through this collaboration, the two companies plan to launch

Korea Capital Market Institute: 'Short-term Treasury Bonds Needed for Korean Won Stablecoin'

There has been an argument that short-term treasury bonds are necessary to enhance the stability and liquidity when introducing Korean won stablecoins (virtual assets pegged to the value of fiat currency). According to the industry on the 11th (Korea

Ant Group Denies 'Rare Earth Yuan Stablecoin Development' Rumors

According to O Daily on the 11th (Korean time), Ant Group stated that the claim that it is jointly developing the world's first rare earth yuan stablecoin with the People's Bank of China and China Rare Earth Group is not true. Ant Group warned, "We h

Ethereum Rises to 22nd in Global Asset Market Cap, Surpassing Mastercard and Netflix

Ethereum (ETH), the leading altcoin, has climbed to 22nd place in global asset rankings. According to CompaniesMarketCap on the 11th (KST), Ethereum's market capitalization reached $522.3 billion, surpassing Mastercard, Netflix, and others to secure

Willy Woo: "Bitcoin, the Perfect Asset for the Next 1,000 Years"

There has been a claim that Bitcoin (BTC) is a perfect asset that could endure for the next 1,000 years. According to cryptocurrency-focused media outlet Cointelegraph on the 11th (Korean time), Willy Woo participated in the Baltic Honeybadger Confer

"Ethereum investors will eventually return to Bitcoin"

As the leading cryptocurrency Bitcoin (BTC) and leading altcoin Ethereum (ETH) compete in the virtual asset (cryptocurrency) market in terms of growth rates, there is an opinion that most Ethereum investors will eventually return to Bitcoin. Accordin

[Today's Global Trending Coins] Bitcoin, Sidekick, Falcon Finance & More

According to the Token Mindshare (an index quantifying the influence of specific tokens in the virtual asset (cryptocurrency) market) Top Gainer data from the artificial intelligence (AI)-based Web3 search platform Kaito, as of the 11th, the top five

Ethiopia Halts New Crypto Mining Permits Due to Power Grid Strain

Cryptocurrency (virtual asset) mining companies operating in Ethiopia have hit a roadblock. According to Bitcoin.com on the 10th (local time), the Ethiopian government has decided to completely suspend the issuance of new power permits for crypto min

US-listed company BNC acquires $1.6 billion worth of BNB, becoming the world's largest holder

US Nasdaq-listed company BNC (formerly VAPE) has become the world's largest holder of Binance Coin (BNB). On the 11th (Korean time), Wu Blockchain reported that BNC purchased 200,000 Binance Coins worth $160 million (approximately ₩220 billion). BNC

Huazhen Medical, a Hong Kong-listed company, launches Ethereum reserve strategy

Huazhen Medical, a Hong Kong-listed company, officially announced on the 11th a strategy to include Ethereum (ETH) as a core reserve asset through its 'Global Enhanced Ethereum Fund with Downside Protection'. According to the virtual asset (cryptocur

Zora, surges 45% intraday

The cryptocurrency Zora (ZORA) is experiencing a sharp intraday rally. As of 12:14 PM on the 11th (KST), Zora is trading at $0.1357, up 45.23% from the previous day according to CoinMarketCap. Zora is a creator coin protocol that enables the tokeniza

Bitcoin surpasses $122,000… Only $1,000 left to reach an all-time high

The leading digital asset (cryptocurrency), Bitcoin (BTC), is soaring during intraday trading. As of 12:19 p.m. (KST) on the 11th, Bitcoin is trading at $122,164 on Binance, up about 4% from the previous day. With Bitcoin entering a bullish market ph

Bitcoin Surpasses $120,000

[Analysis] "Pudgy Penguins, Chart Similar to Pepe…Could Rise Up to $0.7"

There is an analysis suggesting that Pudgy Penguins (PENGU), which has recorded the highest rate of increase among recent meme coins, may be poised for further gains. On the 11th (KST), cryptocurrency analyst Ali Martinez stated on X (formerly Twitte

Korean Individual Investors Favor Virtual Asset-Related Stocks Over Big Tech

An analysis has revealed that virtual asset (cryptocurrency) related stocks are attracting attention among individual investors investing in overseas stocks. According to the industry on the 11th, the International Financial Center stated in a report

Saylor Hints at Additional Bitcoin Purchases by MicroStrategy

Michael Saylor, CEO of MicroStrategy, hinted at additional purchases of Bitcoin (BTC). On the 11th (KST), CEO Saylor posted the 'Saylor Tracker Chart' on X (formerly Twitter). He has been posting this chart ahead of MicroStrategy's Bitcoin purchases.

Sharplink acquires $200 million worth of Ethereum over the weekend

Sharplink Gaming, which has designated Ethereum (ETH) as a reserve asset, was found to have accumulated a large amount of tokens. On the 11th (Korean time), AmberCN reported via X (formerly Twitter) that “Sharplink raised $200 million last week and a

[Analysis] "Ethereum's Peak Is Not Yet Here... There Is Still Potential for Further Rise"

There is a forecast that Ethereum (ETH) may see additional gains. On the 11th (Korean time), cryptocurrency chart analyst Ali Martinez stated through X (formerly Twitter), "While some believe the market has reached its peak, this is not the case for

Crypto Fear & Greed Index records 70 points… Greed stage maintained

According to Alternative.me on the 11th (KST), the Crypto Fear & Greed Index recorded 70 points, up 1 point from the previous day. As of 9:15 AM, Bitcoin (BTC) is trading at $119,264, up 2.67% from the previous day. Altcoins saw mixed movements. Ethe

"Frequent Kidnappings in the Virtual Asset Boom... Attention Needed for Personal Safety"

As the virtual asset (cryptocurrency) market continues its upward trend this year following last year, crimes targeting virtual assets are also rapidly increasing. Not only simple hacking, but also violent crimes threatening personal safety have been

Virtual Asset VC Investments Lean Toward Treasuries, Startups Left Behind

This year, as Digital Asset Treasury (DAT, a strategy for stockpiling virtual assets) gains considerable attention, it has attracted institutional investors, whereas existing virtual asset (cryptocurrency) startups have found it difficult to attract

US Bitcoin Spot ETFs See $253.2 Million Net Inflow Last Week

Bitcoin (BTC) spot Exchange-Traded Funds (ETFs) recorded a net inflow last week. According to Farside Investors on the 11th (KST), a total net inflow of $253.2 million was recorded in 11 US Bitcoin spot ETFs last week. On the 4th and 5th, Bitcoin spo

[Today's Major Economic and Cryptocurrency Events] Taiko Based Preconfirmations & More

<Today's Major Economic Schedule> ▶Monday, 11th: None <Today's Major Cryptocurrency Schedule> Major Cryptocurrency Events> ▶Monday, 11th: △Taiko (TAIKO) Based Preconfirmations