Bloomingbit Newsroom

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According to the Token Mindshare (a chart quantifying the influence of specific tokens in the virtual asset market) of Kaito, an AI-based Web3 search platform, the top five keywords related to virtual assets that people are currently most interested in are Dogecoin (DOGE), Bonk (BONK), Ethereum (ETH), CoinBase, and the Department Of Government Efficiency. Dogecoin received attention today as Elon Musk, the CEO of Tesla, announced that he would take over the 'Department Of Government Efficiency (D.O.G.E)' of the Donald Trump administration. Musk has actively expressed his fondness for Dogecoin in the past. Currently, Dogecoin is trading at 0.376 dollars, down 0.40%% from the previous day on the CoinMarketCap. Bonk is estimated to have increased in mentions as a meme coin similar to Dogecoin after being mentioned. Currently, Bonk is trading at 0.00003333 dollars, up 27.42%% from the previous day on the CoinMarketCap. Ethereum recently attracted attention as Vitalik Buterin, the founder of Ethereum, announced at the Bank Devcon2024 that "a comprehensive update on Ethereum's decentralization, scalability, security, efficiency, and size is planned for the future." Currently, Ethereum is trading at 3208.55 dollars, down 4.09%% from the previous day on the CoinMarketCap. CoinBase has recently attracted investors' attention as its stock price rose with the increase in Bitcoin prices. As a result, it was reported that national pension funds and investment funds that invested in CoinBase earned more than three times their investment. CoinBase closed at 319.13 dollars the previous day. The Department Of Government Efficiency was announced today as Elon Musk's involvement increased online mentions. The Trump administration's Department Of Government Efficiency is responsible for managing the budget efficiently without waste. Elon Musk stated that he would ensure transparency by disclosing all activities of the Department Of Government Efficiency online. Additionally, investors are showing interest in PEPE, Tezos (XTZ), Ripple (XRP), Frog (FWOG), and Solana (SOL).

During the first half of this year, it was investigated that 70%% of the total transaction amount in the domestic virtual asset (cryptocurrency) exchanges was traded on Upbit. According to the industry on the 2nd, Kim Hyun-jung, a member of the Democratic Party of Korea, analyzed the 'current status of virtual asset exchanges' submitted by the Financial Supervisory Service, and found that the total transaction amount of the five major virtual asset exchanges this year was 1,087 trillion won. Among them, Upbit recorded a market share of 70.6%%, with 770 trillion won. Upbit has been recording a market share exceeding 70%% since 2021. Looking at the annual transaction amount of virtual asset exchanges from 2021 to the first half of 2024, Upbit recorded 3,557 trillion won (2021), 1,166 trillion won (2022), 934 trillion won (2023), and 770 trillion won (first half of 2024). In the same period, the transaction amounts of other major exchanges were as follows: Bithumb 795 trillion, 258 trillion, 196 trillion, 280 trillion; Coinone 203 trillion, 59 trillion, 24 trillion, 21 trillion; Korbit 19 trillion, 4 trillion, 5 trillion, 10 trillion; Gopax 21 trillion, 1 trillion, 2 trillion, 6 trillion. Calculating this as a ratio, Upbit's market share for each period is 77%%, 78%%, 80%%, and 70.6%%.

Bithumb (CEO Lee Jae-won) is taking the lead in strengthening the 'Unfair Trade Report Compensation System' for employees who voluntarily report unfair trade practices in the use of virtual assets, ahead of the enforcement of the Virtual Asset User Protection Act. Bithumb introduced the 'Unfair Trade Report Compensation System' last July to prevent unethical and illegal activities by employees. This system, along with existing trading support and virtual asset fraud-related reporting channels, aims to protect virtual asset users by preventing unfair trade practices by employees and ensuring corporate transparency and accountability. To further strengthen user protection, Bithumb decided to significantly increase the compensation amount from the current maximum of 300 million won to a maximum of 1 billion won. The compensation is determined comprehensively based on the severity of the incident, the importance of the information accessed, and the results of the investigation, and can be provided through phone or email. The reportable activities include employees demanding bribes in exchange for trading support, disclosing or using important undisclosed information, directly or indirectly engaging in unfair trading activities, receiving money, gifts, or conveniences from interested parties, and improperly using company assets and information for personal gain. Additionally, Bithumb is strengthening internal monitoring by regularly investigating the status and trading history of accounts at other trading venues related to trading support personnel. Bithumb CEO Lee Jae-won stated, "We will actively work to establish a healthy market order and prevent unfair trade practices, creating a safe virtual asset trading environment."

During the first half of this year, it was surveyed that 70%% of the transaction volume in the domestic virtual asset (cryptocurrency) exchanges was traded on Upbit. According to the industry on the 2nd, Kim Hyun-jung, a member of the Democratic Party of Korea affiliated with the National Assembly's Political Affairs Committee, analyzed the 'Current Status of Virtual Asset Exchange Transactions' submitted by the Financial Supervisory Service, and found that the transaction volume of virtual asset exchanges in the first half of this year was 1,087 trillion won. Among them, Upbit accounted for 770 trillion won, recording a market share of 70.6%% of the total. Upbit has been recording a market share exceeding 70%% continuously since 2021. Looking at the annual transaction volume of virtual asset exchanges from 2021 to the first half of 2024, Upbit recorded 3,557 trillion (2021), 1,166 trillion (2022), 934 trillion (2023), and 770 trillion (first half of 2024). In the same period, the transaction volumes of other major exchanges were △Bithumb 795 trillion, 258 trillion, 196 trillion, 280 trillion △Coinone 203 trillion, 59 trillion, 24 trillion, 21 trillion △Korbit 19 trillion, 4 trillion, 5 trillion, 10 trillion △Gopax 21 trillion, 1 trillion, 2 trillion, 6 trillion. Calculating this as a basis, Upbit's market share for each period is 77%%, 78%%, 80%%, and 70.6%%.

According to the Token Mindshare indicator of the AI-based search platform Kaito, which quantifies the influence of specific tokens in the virtual asset market, the top five keywords currently attracting the most attention are Dogecoin (DOGE), Bonk (BONK), Ethereum (ETH), CoinBase, and the Department Of Government Efficiency. Today, Dogecoin received attention as Elon Musk, the CEO of Tesla, took over the 'Department Of Government Efficiency (D.O.G.E)' from Donald Trump. Musk has actively mentioned his fondness for Dogecoin in the past. Currently, Dogecoin is trading at 0.376 dollars, down 0.40%% from the previous day on the CoinMarketCap. Bonk is estimated to have increased in mentions as it was listed alongside Dogecoin as a similar meme coin. Bonk is currently trading at 0.00003333 dollars, up 27.42%% from the previous day on the CoinMarketCap. Ethereum recently attracted attention as Vitalik Buterin, the founder of Ethereum, announced at the Bangkok DevCon2024 that "a comprehensive update on Ethereum's decentralization, scalability, security, efficiency, and size is planned for the future." Currently, Ethereum is trading at 3208.55 dollars, down 4.09%% from the previous day on the CoinMarketCap. CoinBase has recently attracted investors' attention as the price of Bitcoin rose, and its stock price increased. As a result, CoinBase was known to have yielded more than three times the profit compared to the national pension or investment funds. The other day, CoinBase closed at 319.13 dollars. The Department Of Government Efficiency, led by Elon Musk, was announced today, and its online mentions have increased. The Trump administration's Department Of Government Efficiency is responsible for managing budgets efficiently without waste. Elon Musk stated that he would ensure transparency by disclosing all activities of the Department Of Government Efficiency online. Additionally, investors are showing interest in PEPE, Tezos (XTZ), Ripple (XRP), Frog (FWOG), and Solana (SOL).

During the first half of this year, it was surveyed that 70%% of the transaction volume in domestic virtual asset (cryptocurrency) exchanges was conducted through Upbit. According to the industry on the 2nd, Kim Hyun-jung, a member of the Democratic Party of Korea, analyzed the 'Current Status of Virtual Asset Exchange Transactions' submitted by the Financial Supervisory Service, and found that the transaction volume of virtual asset exchanges in the first half of this year was 1,087 trillion won. Among them, Upbit accounted for 770 trillion won, recording a market share of 70.6%% of the total. Upbit has been recording a market share exceeding 70%% continuously since 2021. Looking at the annual transaction volume of virtual asset exchanges from 2021 to the first half of 2024, Upbit recorded 3,557 trillion won (2021), 1,166 trillion won (2022), 934 trillion won (2023), and 770 trillion won (first half of 2024) for each period. In the same period, the transaction volumes of other exchanges were △Bithumb 795 trillion, 258 trillion, 196 trillion, 280 trillion △Coinone 203 trillion, 59 trillion, 24 trillion, 21 trillion △Korbit 19 trillion, 4 trillion, 5 trillion, 10 trillion △Gopax 21 trillion, 1 trillion, 2 trillion, 6 trillion, etc. Calculating this as a basis, Upbit's market share for each period is 77%%, 78%%, 80%%, and 70.6%%.

The U.S. Federal Reserve (Fed) has cut the base interest rate by 0.25 percentage points (25bp). Although there was speculation about the re-election of former President Donald Trump in the stock market, the Fed was seen as likely to continue its interest rate cut stance. According to the financial investment industry on the 8th, the Fed lowered the base interest rate from the current annual rate of 4.75%% to 4.54.75%% at the Federal Open Market Committee (FOMC) regular meeting in November. Following the big cut in September (a 0.5 percentage point cut in the base interest rate at once), the decision to complete the easing policy was made consecutively. Notably, lowering the base interest rate consecutively twice is the first time since 2020. Regarding the November FOMC, Park Sang-hyun, a researcher at iM證, interpreted it as "there is no change in the stable price condition" and said, "Considering that Chairman Jerome Powell mentioned the possibility of a mid-term interest rate cut several times in the press conference and that the interest rate cut level and range suggested in the September dot plot are still valid, it is interpreted that the Fed's interest rate cut stance will continue not only in December but also next year." iM證 viewed that the base interest rate would be additionally cut by 25bp at the December FOMC. It was predicted that the base interest rate would drop to the mid-level of 3.5%% if the upward pressure on prices does not intensify next year. However, researcher Park noted that Chairman Powell did not mention the impact of Trump's re-election on the economy. Chairman Powell emphasized in the press conference that "at this point, it is impossible to know the policy changes, and in the short term, the election results do not affect the decision on the easing policy." Researcher Park also noted that the possibility of Chairman Powell's resignation is unlikely, stating, "Considering the situation where Chairman Powell's resignation is unlikely, the national bond interest rate is expected to enter a stable phase." He explained, "There is a possibility that the national bond interest rate will gradually maintain stability due to the expectation of an interest rate cut in December and the stabilization of price increases." Furthermore, "Not only the U.S. but also major countries like the UK are continuing the cycle of interest rate cuts, and the possibility of major countries strengthening comprehensive policies to prevent economic recession is being raised," he said, adding, "If the scale of China's fiscal stimulus announced today exceeds market expectations, the expectation of global liquidity expansion will also be strengthened." Jinyoung Ki, Hankyung.com reporter

Please, this time it's a correction. One more correction, one more time

There was a clash because the index was caught incorrectly in the broadcast.

Seta Gazua

Yogurt again?! 1. Change Representative of Snel

The National Pension, known for investing in Bitcoin (BTC) related stocks such as CoinBase and MicroStrategy, has reportedly gained a profit margin three times the investment amount. According to the industry on the 13th, the National Pension holds 2,656,460 shares of CoinBase Global (NAS:COIN) and 2,450,000 shares of MicroStrategy (NAS:MSTR) as of September. The previous day, CoinBase and MicroStrategy closed at $319.13 and $356.59 respectively, which is about three times the average purchase price of the National Pension, which was $95.69 and $146.34. The National Pension's investment in Bitcoin-related stocks amounts to a total of 612.7 million dollars, and currently, the value has jumped threefold to 1.7214 billion dollars. This is analyzed as an effect of all Bitcoin-related stocks rising as Donald Trump recently won the U.S. presidential election.

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