Author: Token Flash

South Korea should introduce cryptocurrency exchange-traded funds to stay competitive in global finance, according to the chairman of the Korea Exchange (KRX). In a recent interview in Seoul, chairman Jung Eun-bo stressed that with South Korea being the “third-largest real cryptocurrency trading country,” delaying crypto ETFs could leave it trailing behind global markets that are already moving ahead. He pointed to the United States, where both futures and spot Bitcoin ETFs are “available and actively traded,” as an example of how other markets are embracing the shift. Jung added that crypto ETFs could bring fresh opportunities to the country’s financial…

One bitcoin (BTC) holder metric is pointing to price growth in the months ahead even as activity on the blockchain falls to its lowest in a year, a CryptoQuant analysis noted this week.The firm’s Bitcoin Network Activity Index has been down 15% since November 2024’s record high and stands at 3,760 as of Friday morning, its lowest level since February 2024. The index is a cumulative measure of active addresses, number of transactions, block size and fees among other bitcoin metrics to indicate growth or a drop in Bitcoin usage.A drop in activity was marked by a sharp decline in…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto market’s accumulation phase is setting the stage for major altcoin rebounds, with Wall Street Pepe, Solaxy, and Pepeto emerging as top contenders. The crypto market is in a crucial accumulation phase, creating the ideal setup for major altcoin rebounds and explosive pre-sale opportunities. With every market correction, strong projects emerge, especially with increasing institutional adoption and growing political backing, such as Donald Trump’s pro-crypto stance. As the next bull run gears up, the question is: which projects…

Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR).In a recent Schedule 13G filing, BlackRock (BLK) disclosed that it now owns 5% of Strategy (MSTR), equivalent to approximately 11.2 million shares. This marks a 0.91% increase from its previous 4.09% ownership as of September 30, 2024, according to Yahoo Finance. A Schedule 13G is filed when an investor acquires more than 5% of a publicly traded company’s stock but does not intend to influence or control the company. Institutional investors must file within 45 days after year-end or within 10 days if ownership exceeds 10%.Since BlackRock’s filing…

Japan’s financial watchdog has begun closed-door discussions on revising crypto regulations, including their potential classification as securities. Japan‘s Financial Services Agency is considering classifying cryptocurrencies as financial products similar to securities, Yahoo Japan reports, citing Japanese news outlets. The agency has begun closed-door discussions with experts to review existing regulations. The FSA reportedly plans to announce a policy direction by June. It will then seek opinions from the Financial System Council, which will meet in the fall. A legal amendment could be submitted in 2026, though exact timeframe remains to be seen. If cryptocurrencies are treated as securities, it might…

Litecoin’s price surged on Feb. 10, breaking out of its recent consolidation phase, as optimism around the potential approval of a spot LTC ETF this year continues to remain strong. Litecoin (LTC) rallied over 10% to an intraday high of $114.33 on Monday. It has now soared 104% from its lowest point in 2024. The altcoin’s market cap was seated at over $8.5 billion while its daily trading volume doubled to nearly $1 billion. The biggest driver behind LTC’s price surge is the growing anticipation of a spot Litecoin ETF getting the green light from the U.S. Securities and Exchange…

By Omkar Godbole (All times ET unless indicated otherwise)The crypto market remains directionless, with bitcoin (BTC) languishing below $100,000 before the U.S. jobs report. It’s surprising prices have not yet crossed that threshold, especially after President Donald Trump’s son, Eric, encouraged the family-linked WLFI to invest in BTC in a post on X on Thursday.Typically, such endorsements during a bull run lead to substantial gains. That that hasn’t materialized is a sign markets are no longer buoyed by talk alone and Trump needs to walk the walk. Early this week, the administration said it’s evaluating the feasibility of a strategic…

After the recent listing of the BNB Chain’s Test Token on Binance, co-founder Changpeng Zhao criticized the token listing process on centralized exchanges, calling it “broken” and suggesting that exchanges should adopt a more automatic listing approach similar to decentralized exchanges. Binance co-founder and former CEO Changpeng Zhao, widely known as CZ, has shared his thoughts about the recent listing of the Test Token (TST) on Binance, one of world’s largest crypto exchanges. When questioned about the rationale behind TST’s listing on Binance, CZ explained in his post on X that exchanges often list coins based on popularity and demand,…

Cardano (ADA) and dogecoin (DOGE) were down 4% in the past 24 hours, leading losses among major tokens as traders await U.S. payrolls before further positioning in the market.Bitcoin (BTC) traded just over $97,300 in European morning hours Friday, down 1.7% in the past 24 hours. The broad-based CoinDesk 20 (CD20), a liquid index of the largest tokens by market capitalization, fell 2.3%. “Bitcoin failed to reclaim the $99K resistance level last night, triggering a broad selloff in the market and pushing BTC back to a new daily low of $95.6K,” Singapore-based QCP Capital said in a Telegram broadcast. “With…

Ripple is launching in Portugal with Unicâmbio, helping businesses in Portugal and Brazil make cross-border payments. Ripple has partnered with Unicâmbio, a Portuguese currency exchange provider, to offer cross-border payments between Portugal and Brazil, the company said in a Feb. 10 blog announcement. The partnership is the first time Ripple’s payment solution is available in Portugal, marking a new step in its European expansion. By collaborating with Unicâmbio, Ripple will allow corporate customers to send funds and settle payments, “reducing the time and friction to make moving value dramatically more efficient,” the announcement reads. Ripple has been working in Brazil…