Uk Jin

Trump's Second Son Agrees With ‘Ethereum Undervalued’

Eric Trump, the second son of former U.S. President Donald Trump and director at the Bitcoin (BTC) mining company American Bitcoin, has agreed that Ethereum (ETH) is undervalued. On the 24th (local time), Eric Trump retweeted a post discussing the po

Stablecoin Market Surges by $4 Billion Following Passage of Genius Act

It was revealed that $4 billion flowed into the stablecoin market in just one week. On the 25th (Korea Standard Time), cryptocurrency-focused media outlet Cointelegraph cited data from DeFiLlama, reporting that the stablecoin market cap had reached c

BlackRock Ethereum ETF surpasses $10 billion in total assets under management... Third fastest in history

The assets under management (AUM) of BlackRock's spot Ethereum (ETH) exchange-traded fund (ETF) product, ETHA, have surpassed $10 billion. According to Decrypt, a virtual asset-focused media outlet, on the 24th (local time), ETHA's AUM reached $10 bi

Taiwanese virtual asset exchange WOO X suffers $14 million hacking incident

A theft occurred at the virtual asset (cryptocurrency) exchange WOO X. According to Crypto, a virtual asset-focused media outlet, WOO X announced on the 25th (KST), "Today, unauthorized withdrawals occurred from 9 user accounts on the exchange," and

[Today's Major Economic and Cryptocurrency Schedules] US June Durable Goods Orders and More

<Today's Major Economic Schedule> ▶25th (Fri): △US June Durable Goods Orders (US time 8:30, Korea time 21:30) <Today's Major Cryptocurrency Schedule> ▶25th (Fri): (No major events)

Ki Young Ju: "Sorry for the Failed Bitcoin Prediction... There Is No More Cycle Theory"

Ki Young Ju, the CEO of CryptoQuant, who faced public criticism after predicting the end of Bitcoin (BTC)'s upward cycle, has issued an apology. On the 25th (Korean time), CEO Ju posted on his X (formerly Twitter), stating, "My previous prediction wa

Tron Inc., 10%↓ Compared to Previous Day Despite Nasdaq Opening Bell

Tron Inc., led by the virtual asset (cryptocurrency) Tron (TRX), ended lower. According to the Nasdaq Stock Exchange on the 24th (local time), Tron closed the day at $8.74, down 10.68% from the previous day. On this day, Tron Inc. held the opening be

Attorney Ji Hun Kim Appointed as CEO of Crypto Council for Innovation in the U.S.

On the 24th (local time), the Crypto Council for Innovation (CCI) in the U.S. announced that attorney Ji Hun Kim has been officially appointed as CEO. CEO Kim previously served as Head of Legal and Policy at CCI and has been acting as interim CEO sin

U.S. Real Estate Brokerage Firm Allows Cryptocurrency Payment Option

The entry of cryptocurrency into the real economy is accelerating in the United States. Cryptocurrency payments are now allowed in the real estate market. According to the cryptocurrency-focused media outlet The Block on the 24th (KST), Christie's In

Tether: "Tether Gold is backed by 7.6 tons of physical gold"

Tether (USDT) announced on the 25th that its gold-backed digital asset, XAU₮, is supported by 7.6 tons of physical gold. According to crypto-specialized media outlet The Block, Tether stated in a press release that the total circulating supply of Tet

Trump Visits the Federal Reserve, Pressures Powell Again…"Interest Rates Must Be Lowered"

U.S. President Donald Trump personally visited the Federal Reserve (Fed), which is currently undergoing building renovations. Immediately after his visit, President Trump once again called for a rate cut through his social media (SNS). According to T

Altseason off to a rocky start?…Sharp intraday drops for XRP, PumpFun and others

Expectations are rising for the arrival of an 'altseason' (a bull market for cryptocurrencies excluding Bitcoin) in the virtual asset (cryptocurrency) market. However, the sharp fluctuations of major altcoins are resulting in an unstable beginning. O

Rep. An Do-geol from the Democratic Party of Korea: “Stablecoin Bill to Be Proposed Next Week”... Closely Monitoring Impact on Monetary and Foreign Exchange Policies

Hosted by Rep. An Do-geol and Kim Hyun-jung of the Democratic Party of Korea Stablecoin Policy Discussion Forum Stablecoin Bill Expected to Be Proposed Next Week "Should Be Regulated at Financial Institution Level" "Tiered Regulation Needed Based on

Kim Gap-rae: "Stablecoin issuers should be regarded as financial institutions"

Amid the accelerating legislative process for the Korean won stablecoin (a virtual asset pegged to the value of fiat currency) in the domestic market, a proposal was made to impose regulations on issuers equal to those applied to financial institutio

Ahn Do-geol: "Possible Submission of Stablecoin Bill Next Week"

Ahn Do-geol, a member of the Democratic Party of Korea, attended the 'Stablecoin (virtual assets pegged to fiat currency) Policy Forum' held at Bulls Hall, Korea Financial Investment Association, Yeouido, Seoul, on the 23rd (Korean time), and said, "

Kona I Demonstrates Korea's First Stablecoin Issuance

Kona I announced on the 21st that it will hold Korea's first demonstration of stablecoin issuance (virtual assets pegged to fiat currencies) on the 31st. Previously, Kona I had applied for multiple trademarks related to stablecoins, including KONADT,

"Up over 150% just in July"...Bonk (BONK) outperformed Doge and Shiba

Is Bonk the Star of This Altcoin Season? Outperformed Doge and Shiba Inu in July Gains Bonk Scarcity Increased with 'Let's Bonk Fund' The price of the meme coin Bonk (BONK) has soared over 160% this month. Analysts attribute the uptrend to the dedica

Pudgy Penguins surge intraday, successfully enter top 50 by market cap

Pudgy Penguins (PENGU) is on an upward trend during the session. As of 2:10 PM KST on the 21st, Pudgy Penguins was trading at ₩46.47 on the cryptocurrency exchange Upbit, up 9.86% from the previous day. With this rally, Pudgy Penguins has reached a m

XRP, Number of New Wallets Plummets…"Further Upside Uncertain"

A negative indicator has emerged for XRP. It appears that the number of wallet addresses on the XRP network has dropped sharply. On the 21st (KST), cryptocurrency-focused media outlet BeInCrypto reported, citing data from Santiment, that the number o

Conflux Unveils 'Tree Blockchain 3.0' in Shanghai

The blockchain project Conflux (CFX), supporting China's 'Belt and Road' initiative, announced on the 21st that it held the 'Conflux Tree Diagram Technology and Ecosystem Development Conference' in Shanghai, China from the 18th to the 20th and unveil

[Today's Global Hot Coins] Ethereum, Atena, Bitcoin & More

According to Token Mindshare—the top gainer indicator that quantifies the influence of specific tokens in the virtual asset market—on the AI-powered Web3 search platform Kaito, as of the 21st, the top 5 most searched keywords in crypto assets are Eth

"5 consecutive sessions of upper limit"...SGA draws investor sentiment with news of new virtual asset business

KOSDAQ-listed company SGA continued its strong performance on the 21st (Korean time). As of 12:35 PM, SGA was up 600 won (30%) from the previous trading day at 2,600 won, hitting the upper limit. SGA has been posting the upper limit for five consecut

BOA Merrill Lynch: "Stablecoins Will Have a Disruptive Impact on the Existing Banking System"

With the passage of the GENIUS Act, a U.S. bill on stablecoins (virtual assets pegged to fiat currency), analysts have stated that it is necessary to closely monitor the influence of stablecoins. According to the Chinese financial media Phoenix on th

NFT Market Capitalization Surpasses $6 Billion

It appears that a large number of investors are flocking to the non-fungible token (NFT) market. According to CoinGecko, a cryptocurrency data analytics website, as of 12:12 PM KST on the 21st, the total market capitalization of NFTs stood at $6,047,

MetaMask "Bug discovered in some users...A fix will be distributed soon"

It has been confirmed that some users of the cryptocurrency wallet MetaMask are experiencing bugs. In response, its developer Consensys has acknowledged the bug and plans to address it. According to Cointelegraph, a media outlet specializing in digit

"GENIUS Act, May Take Over a Year to Take Effect"

Last week, the U.S. House of Representatives passed three bills referred to as the virtual asset (cryptocurrency) trio: the GENIUS Act, the Clarity Act, and the Anti-CBDC Surveillance State Act. However, some believe it will take a considerable amoun

[Breaking News] People's Bank of China Effectively Maintains Benchmark Loan Prime Rate Unchanged

According to the industry on the 21st, the People's Bank of China announced that it has set the one-year and five-year loan prime rates (LPR), which effectively serve as the benchmark rates, at 3.0% and 3.5% respectively. These figures are in line wi

Whale transfers 400 Bitcoin to Binance in past 6 hours

A large amount of Bitcoin (BTC) has been confirmed as deposited to Binance. On the 21st (KST), AmberCN announced on X (formerly Twitter) that "A whale has transferred 400 Bitcoin to Binance in the past 6 hours." The average purchase price for these c

Lotte Card Applies for Stablecoin Trademarks

It has been confirmed that Lotte Card has applied for trademarks related to stablecoins (virtual assets pegged to fiat currency). According to the Korean Intellectual Property Office's Intellectual Property Information Search Service on the 21st (Kor

President Trump Praises Bitcoin Lecture: “The Greatest Explanation Ever”

President Donald Trump has expressed his interest in Bitcoin (BTC). On the 20th (local time), President Trump posted a video on his Truth Social accompanied by the caption, “The greatest explanation of Bitcoin in history.” The video contains the rema