Uk Jin

[Analysis] "BlackRock may not launch XRP spot ETF in the U.S... Here are five reasons why"

Market attention is focused on whether BlackRock, the largest asset management firm in the United States, will launch a spot XRP ETF. However, some analysts suggest that BlackRock is unlikely to launch a spot XRP ETF. On the 11th (Korean time), crypt

Ethereum Founder Surpasses $1 Billion in Crypto Holdings

With the continued rally of Ethereum (ETH), the leading altcoin (cryptocurrency other than Bitcoin), founder Vitalik Buterin's crypto holdings have surpassed $1 billion (approximately ₩1.3 trillion). On the 11th (KST), Crypto Tennis, a crypto-special

XRP, Ripple's large-scale escrow unlock halts bullish momentum

XRP is showing short-term weakness. As a large amount of tokens from Ripple’s escrow have been unlocked, investor sentiment appears to have frozen. As of 6:41 a.m. (KST) on the 11th, XRP is trading at $3.16 on CoinMarketCap, down 2.60% from the previ

Tron, preparing for space business? Justin Sun: "Innovation goes beyond Earth"

Justin Sun, founder of Tron (TRX), has completed a space flight. On the 5th (KST), CoinDesk, a media outlet specializing in virtual assets (cryptocurrency), reported that founder Sun, through an auction in 2021, paid $28,000,000 to join Blue Origin’s

BPMG accelerates stablecoin business in Thailand with establishment of joint venture

Blockchain company BPMG announced on the 5th that it has established the joint venture (JV) 'Verifin Labs' with Millionaire, which is undertaking policy projects and artificial intelligence (AI) initiatives in Thailand. Through this joint venture, th

Particle Network Unveils All-in-One Digital Asset Infrastructure 'Universal Layer'

Particle Network announced on the 5th that it will unveil Universal Layer, a trading infrastructure for stablecoins (virtual assets pegged to fiat currency), RWA (real world assets), and digital assets. Universal Layer is built based on the Universal

'Lost 8,000 Bitcoins' Howells to Maintain Ownership via Tokenization

The man who lost a hard drive containing 8,000 Bitcoins (BTC) is moving to maintain ownership through tokenization. According to cryptocurrency-focused media outlet The Block on the 5th (KST), James Howells announced that instead of continuing to sea

Tom Lee: "Ethereum will be the biggest macro trend over the next 10 to 15 years"

Tom Lee, an analyst at Fundstrat, made positive remarks about Ethereum (ETH). On the 5th (local time), Tom shared on X (formerly Twitter), "Wall Street is financializing blockchain, and artificial intelligence is driving the tokenization of robotic a

[Today's Global Trending Coins] Billions, Ethereum, Solana, and More

According to the Token Mindshare Top Gainer index—a metric quantifying the influence of specific tokens in the virtual asset (cryptocurrency) market—of the AI-based web3 search platform Kaito, as of the 5th, the most searched virtual asset-related ke

Ethereum Spot ETF Sees Net Outflow of $465.8 Million…Largest Ever Recorded

A large amount of funds flowed out of the Ethereum (ETH) spot Exchange Traded Funds (ETF). According to trader T on the 4th (local time), the Ethereum spot ETF recorded a total net outflow of $465.8 million that day. This marks the largest net outflo

Binance Lists Prove... Selected for the HODLer Airdrop

On the 5th (KST), Binance announced on its official website that it has selected Prove (PROVE) as the 31st project for the HODLer Airdrop. Prove is scheduled to begin trading on the 6th at 2 o'clock.

Bitcoin Spot ETF Records $323.7 Million Net Outflow

Bitcoin (BTC) spot Exchange-Traded Funds (ETFs) recorded a significant net outflow. According to Trader T and Farside Investors on the 4th (local time), there was a total net outflow of $323.7 million from Bitcoin spot ETFs that day. BlackRock's IBIT

Despite GENIUS Act’s ‘Interest Payment Ban’…Coinbase and PayPal Maintain Stance: ‘Rewards Are Separate’

There is ongoing debate over the interpretation of the 'interest payment ban for issuers' clause included in the GENIUS Act, the US regulation for stablecoins (virtual assets pegged to fiat currency). On the 4th (local time), Decrypt, a cryptocurrenc

US SEC announces interim stablecoin accounting guidance..."Some considered as cash"

The U.S. Securities and Exchange Commission (SEC) has announced interim accounting guidance that includes provisions related to stablecoins (virtual assets whose value is pegged to fiat currency). On the 4th (local time), Bloomberg News reported that

WSJ: "The White House Preparing Executive Order to Sanction Banks Discriminating Against Virtual Asset Companies"

It has been reported that the United States White House is preparing an executive order to impose financial sanctions on banks that discriminate against virtual asset (cryptocurrency) companies. On the 4th (local time), the Wall Street Journal (WSJ)

"Coinbase, Second-Quarter Revenue Weak but… Long-Term Outlook Remains Positive"

Coinbase, the largest cryptocurrency exchange in the United States, gave back part of its share price due to underwhelming second-quarter earnings, but there is an opinion that, in the long term, there are no significant concerns. On the 4th (local t

Crypto Fear & Greed Index Records 60…Bitcoin Moves Sideways

According to Alternative.me on the 5th (KST), the cryptocurrency Fear & Greed Index recorded 60 points, down 4 points from the previous day. As of 9:01 am today, Bitcoin (BTC) stands at $115,054, up 0.67% from the previous day. Altcoins succeeded in

[Analysis] "Ethereum, Neutral Funding Rate...Upside Potential Exists"

An analysis has emerged stating that the neutral stance among investors in the Ethereum (ETH) futures market could enable further upward movement. On the 5th (KST), Boris Best, a contributor at CryptoQuant, reported that “Ethereum’s open interest on

Aave Surpasses 70,000 Tokens in Buyback

The decentralized finance (DeFi) platform Aave (AAVE) has reached a significant milestone in its token buyback project. According to cryptocurrency-focused media outlet Coindoo on the 4th (local time), Aave has accumulated 70,000 of its own tokens ov

[Key Economic & Cryptocurrency Events Today] US July Services PMI & More

<Today's Key Economic Events> ▶Tuesday the 5th: △Korea Consumer Price Index (KST 08:00), △Japan Services Purchasing Managers' Index (KST 09:30), △China Caixin Services Purchasing Managers' Index (KST 10:45) △US July Services Purchasing Managers' Inde

Solana begins global shipment of its second smartphone, 'Seeker'

Solana Mobile, a subsidiary of the blockchain platform Solana (SOL), is shipping its cryptocurrency and decentralized application-focused smartphone 'Seeker' to 50 countries worldwide. On the 4th (local time), Cointelegraph, a media outlet specializi

US SEC Commissioner: "Digital Asset Innovation Should Happen in the US"

Paul Atkins, US Securities and Exchange Commission (SEC) Commissioner, emphasized the importance of fostering a crypto-friendly regulatory environment by declaring, "We will ensure next-generation financial innovation happens on American soil." Commi

Wall Street sees declining private equity enthusiasm, with funds shifting to hedge funds and digital assets

According to analysis, while capital inflows into private equity and private debt markets have slowed in Wall Street, the financial hub of the United States, hedge funds and digital assets (cryptocurrency) are drawing growing attention within the alt

Criticism Spreads Over GENIUS Act's Stablecoin Interest Ban..."Only Favors Traditional Finance"

There have been claims that the GENIUS Act, a stablecoin (cryptocurrency linked to fiat currency) regulatory bill passed in the United States, is creating a favorable environment for traditional finance and could reduce the appeal of the digital doll

US CFTC pushes to allow spot virtual asset trading on registered exchanges

The Commodity Futures Trading Commission (CFTC) is pushing a new regulatory initiative to allow trading of spot virtual asset (cryptocurrency) contracts through registered exchanges. On the 4th (local time), Walter Bloomberg reported that Caroline Ph

"China Begins Re-Entry into the Virtual Asset Market…The First Step Is Stablecoins"

There is a forecast that China will re-enter the virtual asset (cryptocurrency) market, beginning with stablecoins (virtual assets pegged to fiat currencies). According to BeInCrypto, a media outlet specializing in virtual assets, on the 4th (KST), X

Former UK Chancellor: "UK lags behind in virtual asset innovation"

Former UK Chancellor George Osborne strongly criticized the current Labour government's virtual asset (cryptocurrency) policy, warning that the UK is falling behind in the global financial innovation race. According to the Financial Times (FT) on the

[Today's Globally Watched Coins] Polygon, Hyperliquid, Kaito, and More

According to the top gainer on Token Mindshare, an indicator that quantifies the influence of a specific token in the virtual asset (cryptocurrency) market on the AI-based Web3 search platform Kaito, as of the 4th, the virtual assets attracting the m

USDe supply surges 75% in the past month

The supply of Ethena (ENA)'s stablecoin (a cryptocurrency pegged to fiat currency in value), USDe, has surged sharply. On the 4th (KST), Wu Blockchain cited data from DeFiLlama, reporting that the supply of USDe has soared 75% over the past month to

James Howells, 10-Year Search Ends... 8,000 Bitcoins Effectively Burned Forever

8,000 Bitcoins (BTC) will remain forever buried in a landfill. According to Bitcoin Archive on the 4th (KST), James Howells is ending the search for the hard drive containing 8,000 Bitcoins as of today. As of 12:17 p.m. that day, Bitcoin was up 1.12%