YM Lee

"Polymarket Nears Completion of $200 Million Funding Round…Company Valuation Approaches $1 Billion"

Blockchain-based prediction market platform Polymarket is reportedly nearing the completion of a $200 million funding round. On the 25th (local time), Reuters quoted anonymous sources, stating, "Polymarket's $200 million funding round is in its final

Sahara AI announces native token supply plan... 64% allocated to the community

The decentralized artificial intelligence platform Sahara AI has announced its supply plan for its native token, SAHARA. On the 25th (local time), Sahara AI stated via its official channel, "We are unveiling the native token SAHARA, which supports al

UBS: "Declining Appeal of the US Dollar"... Is Now the Time to Strengthen Your Gold Portfolio? [Investing.com]

By Frank Holmes The US Dollar Index against a basket of major currencies has fallen about 10% this year through mid-June, trading at its lowest level in three years. This is by no means a small drop, and with the US deficit widening and ongoing conce

Bank of Korea: "Stablecoins May Act as Potential Risk Factors for the Economy"

The Bank of Korea has warned that stablecoins could pose potential risk factors to the domestic financial market and economy. In its Financial Stability Report, the Bank of Korea explained, "Stablecoins are expanding their usage beyond the virtual as

Coinbase Supports United States Secret Service in Tracking Stolen Virtual Assets Worth $225 Million

The global cryptocurrency exchange Coinbase played a key role in tracking approximately $225 million worth of stolen virtual assets for the United States Secret Service. According to a report by The Block on the 25th (local time), Coinbase assisted t

Following Kakao Bank, KB Kookmin Bank also files for stablecoin trademark

KB Kookmin Bank has reportedly become the first major domestic bank to file a trademark for a KRW-pegged stablecoin. According to the intellectual property information search service KIPRIS, KB Kookmin Bank has applied for several stablecoin-related

KakaoBank Files Trademark for KRW Stablecoin

Following KakaoPay, KakaoBank has also reportedly filed a trademark for a stablecoin. According to the financial industry on the 25th, KakaoBank has recently applied to the patent office for a total of 12 trademarks such as BKRW, KKBKRW, KRWKKB, and

8 Major Commercial Banks Push to Establish KRW Stablecoin Joint Venture

Eight major domestic commercial banks are reportedly working to establish a joint venture for stablecoins. According to the financial industry on the 25th, eight commercial banks—KB Kookmin, Shinhan, Woori, Nonghyup, IBK Industrial, Sh Suhyup, Citiba

Vance Questions Powell's 'Hawkish Stance' … "I Want to Hear the Reasons for Not Cutting Rates"

U.S. Vice President JD Vance questioned the hawkish stance of Federal Reserve (Fed) Chairman Jerome Powell. On the 24th (local time), JD Vance publicly expressed his dissatisfaction with the Fed's hawkish stance via his X (formerly Twitter), stating,

Ohio House Introduces House Bill 18 for Strategic Crypto Asset Reserves

The Ohio House of Representatives introduced 'House Bill 18' for strategic reserves of virtual assets (cryptocurrencies). According to Decrypt on the 25th (local time), Steve Demetriou, a Republican member of the Ohio House of Representatives, stated

US House of Representatives officially receives the stablecoin bill 'Genius Act'

It has been confirmed that the US House of Representatives has officially received the stablecoin bill, Genius Act. On the 25th (local time), Eleanor Terrett, the host of Crypto in America, announced on her X (formerly Twitter) account, "The US House

US Senate Digital Assets Subcommittee Holds 'Market Structure Discussion' Hearing... Low Attendance

The US Senate Banking Committee's Digital Assets Subcommittee held a hearing to discuss market structure, but it was revealed that more than half of the members did not attend. According to a Cointelegraph report on the 25th (local time), the hearing

"XRP Emerges as the Most Noteworthy Virtual Asset on the CME Group"

XRP has rapidly risen to become the most prominent virtual asset (cryptocurrency) on the Chicago Mercantile Exchange (CME) derivatives platform, just one month after its debut. On the 25th (local time), the cryptocurrency-specialized media outlet Cry

FalconX Joins as Launch Partner for Institutional Digital Asset Payment Platform 'Lynq'

FalconX, a digital asset brokerage firm, has joined as a launch partner for Lynq, a digital asset payment platform for financial institutions. According to a report by Cointelegraph on the 25th (local time), FalconX became a launch partner for Lynq a

BIS: "Stablecoins Could Cause Problems for Monetary Sovereignty and Financial Stability"

The Bank for International Settlements (BIS) has presented a critical view on stablecoins. According to Coindoo on the 25th (local time), the Bank for International Settlements stated in a research report: "Stablecoins have not secured the three esse

NYSE Arca Proposes Listing of Truth Social Bitcoin and Ethereum ETFs to U.S. SEC

The United States NYSE Arca has proposed to the Securities and Exchange Commission (SEC) to list exchange-traded fund (ETF) products for Truth Social Bitcoin (BTC) and Ethereum (ETH). According to the official document from NYSE on the 24th (local ti

US NBA San Antonio Spurs Form Partnership with Crypto Wallet Company Ledger

The San Antonio Spurs, an American professional basketball team, have entered into a partnership with Ledger, a cryptocurrency hardware wallet company. According to a Bloomberg report on the 25th (local time), the Spurs will unveil a new uniform feat

Binance Delists 3 Spot Trading Pairs Including CATI/FDUSD

Global virtual asset (cryptocurrency) exchange Binance has announced that it will delist three virtual asset spot trading pairs, including CATI/FDUSD. On the 18th (local time), Binance stated through its official channel, "In order to protect users a

VanEck Solana ETF Registered with US DTCC; Trading Start Date Undecided

The Solana (SOL) exchange-traded fund (ETF) from global ETF provider VanEck has been registered with the U.S. Depository Trust & Clearing Corporation (DTCC) under the ticker 'VSOL.' On the 18th (local time), CryptoSlate cited DTCC records and reporte

Spanish BBVA proposes virtual asset investment to high-net-worth clients

Spanish BBVA (Banco Bilbao Vizcaya Argentaria), one of the country's largest banks, has reportedly proposed virtual asset (cryptocurrency) investments to its clients. According to a Cointelegraph report on the 18th (local time), BBVA advised its high

"Strategy Preferred Stock Issuance Set to Deliver Massive Profits to Shareholders"

Recently, expectations have emerged that Strategy (MSTR), which is accelerating Bitcoin (BTC) purchases using funds raised via preferred stock issuance, could ultimately generate substantial profits. According to The Block, a virtual asset (cryptocur

"Bitcoin remains at risk of decline…Defending $102,000 is key"

An analysis suggests that Bitcoin must defend the $102,000 level to withstand downward pressure caused by macroeconomic conditions and geopolitical risks. According to a Cointelegraph report on the 18th (local time), global virtual asset (cryptocurre

Korean Listed Companies Also Accumulate Bitcoin… Holdings Approach ₩1 Trillion

With the global wave of Bitcoin (BTC) adoption, it appears that an increasing number of domestic companies are holding Bitcoin. According to Bitcoin Treasuries data on the 18th, the Bitcoin held by domestic listed companies amounts to approximately ₩

Kraken L2 'Ink' Officially Announces Token Launch Plans

Kraken (Kraken), a longtime rival of Coinbase, has officially announced token launch and airdrop plans for its Ethereum (ETH) Layer 2 network, Ink (INK). According to The Block on the 18th (local time), the Ink Foundation emphasized, "We aim to envis

ARK Invest Sells Circle Shares Worth $44.76 Million

It has been reported that Cathie Wood's ARK Invest sold Circle shares worth $44.76 million. According to digital asset-focused media outlet The Block on the 18th (local time), ARK Invest sold approximately 300,000 shares of Circle through three funds

KODA Signs SOC1 Certification Contract with Sam-il PwC

Korea Digital Asset (KODA, hereinafter referred to as KODA), the No. 1 domestic digital asset custody provider co-founded by Hashed and KB Kookmin Bank in November 2020, announced on the 18th that it has entered into a contract with Sam-il PwC for SO

Scott Bessent "Stablecoins Can Grow to a $3.7 Trillion Market Within 5 Years"

Scott Bessent, the U.S. Secretary of the Treasury, projected that the stablecoin market will grow at a tremendous rate. On the 18th (local time), Secretary Scott Bessent emphasized via his X (formerly Twitter), "According to recent reports, stablecoi

JPMorgan Discusses On-chain Transition of the U.S. Capital Market with the SEC

Global financial firm JPMorgan Chase held discussions with the U.S. Securities and Exchange Commission (SEC) on the potential impact of the on-chain transition of the capital market and digital asset regulation. On the 18th (local time), the crypto-s

Deutsche Bank unveils Ethereum-based asset tokenization platform 'DAMA 2' with Axelar and Memento

Global financial firm Deutsche Bank, in collaboration with Axelar Network and Memento Blockchain, announced on the 18th the unveiling of DAMA 2 (Digital Asset Management Access), an Ethereum-based enterprise asset tokenization platform. DAMA 2 is an

Korbit Enhances Internal Control System… "Top Priority on Protecting Customer Assets"

On the 18th, cryptocurrency exchange Korbit announced that it is enhancing its internal controls to securely safeguard customer assets. Currently, in accordance with the User Protection Act, Korbit deposits 100% or more of users' KRW deposits in a ba