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Crypto Whale DataThis wallet account is Animalverse Club NFTs holder has been Verified

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Crypto Whale Data

@0x1d7a9641dcccfe07c722bede8b3c2221cc19d4caThis wallet account is Animalverse Club NFTs holder has been Verified

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  • Two-thirds of Koreans want to invest more in crypto as won-based stablecoin hype builds: Survey South Korean crypto investors of all ages are planning to increase their crypto holdings as the country's newly elected President promises to foster won-based stablecoin adoption, boosting the country's stock market to become the best-performing in the region. A recent survey of 1,000 South Koreans aged 20-59, conducted by the Hana Financial Research Institute, found that 27% of respondents already own digital assets, yet 70% of respondents (and 86% of current holders) plan to buy more crypto in the next year. Though crypto is typically associated with younger investors, the survey found the largest ownership share among investors in their 40s, at 31% of all current crypto holders. Korean men are about twice as likely as Korean women to hold digital assets today, with the gap persisting across age bands. While younger investors said they were primarily interested in high-risk, high-reward trading, over half of investors in their 50s, on the other hand, said planning for retirement was the primary driver for their crypto adoption. Two-thirds of respondents said their primary concern was market volatility, and although half of respondents admitted to holding funds on exchange hot wallets, only one-third of respondents were concerned with security risks. Stablecoin stocks surge The increasing adoption of digital assets in the country coincides with a surge in retail investor interest in companies that are angling to issue won-based stablecoins, following a pledge to legalize such assets from recently elected President Lee Jae Myung, who took office near the start of June. The initiative "is expected to yield several economic benefits such as reducing trade costs, diversifying foreign exchange risks, and increasing global investment into the local economy," lawmaker Min Byeong-deok, Lee's head of digital assets during the campaign, recently told The Block. A parliamentary bill proposed by the ruling party this month mirrors the GENIUS Act currently making its way through the U.S. government in that it would allow companies to issue their own stablecoins. In Korea, companies with as little as 500 million KRW equity capital (or around $367,000 USD) would be allowed to issue won-based stablecoins. Under the GENIUS Act, no such minimum exists, but issuers with a market cap of over $10 billion would be subject to more stringent regulatory oversight. South Korea's KOSPI Composite stock market index is currently near its four-year high, making South Korea the best-performing market in Asia so far in 2025, partly thanks to a rally around stocks that have been involved with the Bank of Korea's digital assets project, according to a recent FT report. Koreans' interest in stablecoins has also spread beyond its borders; Bloomberg recently reported that following its IPO, Circle has become the top overseas stock for South Korean investors, who have collectively poured $443 million into the USDC stablecoin issuer. The stock of KakaoPay Corp, expected to benefit from friendly crypto regulation in the country, has increased by 134% over the past month, according to Yahoo Finance data.
  • Two-thirds of Koreans want to invest more in crypto as won-based stablecoin hype builds: Survey South Korean crypto investors of all ages are planning to increase their crypto holdings as the country's newly elected President promises to foster won-based stablecoin adoption, boosting the country's stock market to become the best-performing in the region. A recent survey of 1,000 South Koreans aged 20-59, conducted by the Hana Financial Research Institute, found that 27% of respondents already own digital assets, yet 70% of respondents (and 86% of current holders) plan to buy more crypto in the next year. Though crypto is typically associated with younger investors, the survey found the largest ownership share among investors in their 40s, at 31% of all current crypto holders. Korean men are about twice as likely as Korean women to hold digital assets today, with the gap persisting across age bands. While younger investors said they were primarily interested in high-risk, high-reward trading, over half of investors in their 50s, on the other hand, said planning for retirement was the primary driver for their crypto adoption. Two-thirds of respondents said their primary concern was market volatility, and although half of respondents admitted to holding funds on exchange hot wallets, only one-third of respondents were concerned with security risks. Stablecoin stocks surge The increasing adoption of digital assets in the country coincides with a surge in retail investor interest in companies that are angling to issue won-based stablecoins, following a pledge to legalize such assets from recently elected President Lee Jae Myung, who took office near the start of June. The initiative "is expected to yield several economic benefits such as reducing trade costs, diversifying foreign exchange risks, and increasing global investment into the local economy," lawmaker Min Byeong-deok, Lee's head of digital assets during the campaign, recently told The Block. A parliamentary bill proposed by the ruling party this month mirrors the GENIUS Act currently making its way through the U.S. government in that it would allow companies to issue their own stablecoins. In Korea, companies with as little as 500 million KRW equity capital (or around $367,000 USD) would be allowed to issue won-based stablecoins. Under the GENIUS Act, no such minimum exists, but issuers with a market cap of over $10 billion would be subject to more stringent regulatory oversight. South Korea's KOSPI Composite stock market index is currently near its four-year high, making South Korea the best-performing market in Asia so far in 2025, partly thanks to a rally around stocks that have been involved with the Bank of Korea's digital assets project, according to a recent FT report. Koreans' interest in stablecoins has also spread beyond its borders; Bloomberg recently reported that following its IPO, Circle has become the top overseas stock for South Korean investors, who have collectively poured $443 million into the USDC stablecoin issuer. The stock of KakaoPay Corp, expected to benefit from friendly crypto regulation in the country, has increased by 134% over the past month, according to Yahoo Finance data.
  • Vitalik Buterin warns Sam Altman's World digital IDs risk killing pseudonymity online Ethereum co-founder Vitalik Buterin has some concerns related to digital identity projects like World, which claims to have signed up more than 13 million "unique humans." In a post published Saturday, Buterin chose to specifically discuss the risks and rewards of digital ID projects which utilize zero-knowledge proofs. While the popular thought leader had much to say on the matter, one of his major assertions is that projects like World (formerly Worldcoin), which is famously backed by OpenAI CEO Sam Altman, could kill off the pseudonymity that so many internet users enjoy, especially in the crypto space. "Under one-per-person ID, even if ZK-wrapped, we risk coming closer to a world where all of your activity must de-facto be under a single public identity," Buterin wrote in his post. "In a world of growing risk (eg. drones), taking away the option for people to protect themselves through pseudonymity has significant downsides." World is a digital identity project primarily developed and promoted by Tools for Humanity, which was co-founded by Altman and CEO Alex Blania. Users who have their eyeball scanned to prove they are human are given both a World ID and a crypto bonus in the form of WLD tokens. The biometric data collected by World's silvery Orbs to create a digital identity is protected, in part, by using zero-knowledge proofs, a solution also called ZK wrapping, which allows a user to prove something is true (like being a human) without revealing the underlying data (their actual identity). Buterin acknowledges in his post that digital identity initiatives which use zero-knowledge proofs appear to be going mainstream, mentioning not only World, but also both European Union and Taiwanese initiatives. While Buterin sees downsides to any one-ID-for-each-person system, he admitted there are benefits, such as helping to discern from AI-powered agents. One of World's biggest selling points is the notion that it can make the internet a better place by helping users know which other users are human and which are not. "On the surface, widespread adoption of ZK-wrapped digital ID seems like it would be a great victory ... protecting our social media, voting, and all kinds of internet services against manipulation from sybils and bots, all without compromising on privacy," he wrote. But to take advantage of pseudonymity, one needs to be able to do things like possess and manage multiple email and social media accounts. ZK-wrapped, digital identity projects like World, could put pseudonymity in jeopardy if implemented rigidly, argues Buterin. "In this world, social media apps ... will just use one app-specific ID for each user, and because the ID system is one-per-person, each user will only be able to have one account (as opposed to "weak ID" like eg. Google accounts today, where it's reasonably feasible for an average person to get ~5 accounts)," Buterin added. World, which for months after launching triggered criticism among privacy advocates across the globe, has gained momentum lately. The project recently launched in the United States and plans a Visa card. It also has a pilot program lined up with Tinder in Japan that would provide users with greater clarity about the identities of those they are interacting with on the dating app. Instead of a single ZK-wrapped "one-per-person ID" solution, Buterin suggests using a pluralistic model where no one person, institution or platform is in charge of issuing digital identities.
  • Operator behind sham crypto firms EmpowerCoin, ECoinPlus, and Jet-Coin sentenced to 8 years in prison Dwayne Golden, a 57-year-old man from Pennsylvania, was sentenced to 97 months, or about eight years, in prison for his role in operating crypto schemes defrauding $40 million from investors, according to a release from the United States Department of Justice. Golden, as well as co-conspirators Gregory Aggesen and Marquis Demacking Egerton, ran the crypto firms EmpowerCoin, ECoinPlus, and Jet-Coin between April 2017 and August 2017. These firms promised investors fixed returns on digital asset investments through purported overseas operations. The defendants raised over $40 million, which they used to repay existing investors or themselves in what the Department of Justice describes as a "Ponzi scheme." "Dwayne Golden and his co-conspirators took advantage of investor interest in exciting new technologies to perpetrate a fraud scheme that is as old as time, and to make millions of dollars for themselves in the process," said U.S. Attorney Joseph Nocella in a statement. "Golden and his co-defendants offered no legitimate services and none of the companies engaged in any actual trading in cryptocurrency as they claimed." Once the firms collapsed, Golden, Aggesen, and another co-conspirator William White conspired to obstruct federal investigations by destroying evidence, in addition to providing false or misleading information to the Federal Trade Commission and a federal grand jury subpoena between July 2017 to March 2022, the release continues. Golden must also forfeit about $2.46 million in illicitly procured assets along with serving 97 months in prison. All four defendants pleaded guilty, with White receiving a 30-month (2.5-year) prison sentence and Aggesen and Egerton awaiting sentencing as of June 27. Golden, along with Aggesen and Egerton, were first charged with fraud, money laundering, and other financial crimes in March 2022 for their role in operating EmpowerCoin, ECoinPlus, and Jet-Coin. While cryptocurrency-based Ponzi schemes still cost investors millions, bad actors are increasingly opting for more targeted "pig butchering" and address poisoning financial crimes instead, The Block previously reported.
  • Front-end and private key exploits drove over $2 billion in crypto thefts during H1 2025: report Hackers looted $2.1 billion from the cryptocurrency sector in the first half of 2025, and more than 80% of that haul stemmed from infrastructure attacks, blockchain intelligence firm TRM Labs said in a Thursday report. Private-key thefts, seed-phrase exploits, and front-end hijacks—often enabled by social-engineering or compromised insider access—averaged ten times the size of other exploits, according to TRM. DeFi flaws also remained a problem. Flash loans and re-entrancy exploits on smart contracts accounted for another 12 percent of losses, a sign of prevalent vulnerabilities in onchain protocols. The six-month tally already rivals all of 2024 and tops the previous H1 record from 2022 by about 10 percent. Notably, one large incident skewed the numbers; February’s $1.5 billion Bybit hack, which TRM attributes to North Korea. That single strike pushed the average hack size to $30 million, double last year’s pace. TRM estimates North Korea-linked groups stole $1.6 billion, or 70 percent of H1 totals, as the regime leans on crypto theft to fund weapons programs. The report also cites a June breach at Iran’s Nobitex exchange—carried out by the Israel-aligned hacker group Gonjeshke Darande—that resulted in $90 million being sent to “unspendable” wallets during a period of heightened geopolitical tension in the Middle East. To address the security issues plaguing the crypto industry, TRM urged protocols and services to enhance multi-factor authentication and improve cold storage. The firm also proposed tighter insider-threat defenses while law enforcement agencies boost cross-border coordination. Crypto also needs better industry-wide teamwork to sustain anti-theft efforts, TRM added. “The path forward requires multifaceted collaboration,” the report said. “H1 2025’s record thefts are a stark call to action for a collective, sustained, and strategically aligned security posture — one prepared not just for crime, but for covert acts of statecraft. Proactive information sharing and coordinated international approaches to prosecuting state-sponsored cybercriminals are paramount for effective deterrence.”
  • Bakkt looks to raise $1 billion to fund Bitcoin and digital asset treasury play Bakkt, the publicly traded crypto custody and loyalty rewards company, is looking to raise up to $1 billion through equity and debt offerings to fund a Bitcoin acquisition strategy, according to a prospectus filed with the U.S. Securities and Exchange Commission on Thursday. The shelf offering could include sales of Bakkt's Class A common stock, preferred stock, warrants, and debt securities. On June 10, Bakkt announced an updated investment policy "to allocate capital into Bitcoin and other digital assets as part of its broader treasury and corporate strategy." The firm has not yet made any crypto purchases, according to the SEC filing. "This initiative is intended to support Bakkt’s transformation into a pure-play crypto infrastructure company and to enable us to strategically add Bitcoin and other digital assets to our treasury,” Akshay Naheta, co-CEO of Bakkt, said at the time. “We believe this multi-pronged approach reflects our conviction in the future of digital assets and our vision for Bakkt’s expansion internationally and as a leader in the world of programmable money." Bakkt, founded in 2018, is joining a growing roster of so-called crypto treasury firms that offer investors a leveraged play on assets like Bitcoin, ETH, and SOL by funding digital asset purchases through traditional capital markets. The move would represent Bakkt’s latest strategic shift. The Atlanta-based firm, launched with support from NYSE operator Intercontinental Exchange, initially offered an institutional-grade trading platform for daily physically-settled Bitcoin futures — a product that struggled to get off the ground — before taking a swing at tokenizing rewards points and crypto custody. Bakkt went public in 2021. Bakkt’s first CEO, Kelly Loeffler, stepped down in 2019 to briefly become a Republican U.S. senator in Georgia under the first Trump administration. President Donald Trump’s social media company Truth Social was reportedly in “advanced talks” to acquire Bakkt last November.
  • Bitwise updates Dogecoin and Aptos ETF filings, analyst notes ‘huge’ addition of in-kind redemptions Bitwise on Thursday submitted updated S-1 filings with the U.S. Securities and Exchange Commission for its proposed spot Dogecoin and Aptos exchange-traded funds. The crypto asset manager was the first firm to file for a Dogecoin ETF in January and is the only issuer so far to file for an Aptos fund, which it applied for in March. "Good signs as it indicates SEC engagement, and tracks with other spot approvals," Bloomberg senior ETF analyst Eric Balchunas said in a post on X. Of note, the new filings mention in-kind creations and redemptions, which were nonexistent in Bitwise's initial filings. Balchunas noted that in-kind redemptions — where shares can be redeemed for the underlying assets held by a fund, rather than cash — are a "near-lock" for crypto funds "across board." Issuers and investors have been asking for months to allow for in-kind creations and redemptions, specifically for current spot Bitcoin ETFs that are currently on the market. "Those [forms] are going through the process now," SEC Commissioner Hester Peirce said Wednesday. "So I think that's something that's certainly on the horizon at some point. I can't prejudge, but we hear that there's a lot of interest." There are dozens of crypto-related ETF filings under SEC review, and Bloomberg analysts recently raised their odds of approval this year to 90%. Aptos is a Layer 1 blockchain developed by Aptos Labs, and the APT token is currently the 41st-largest cryptocurrency by market cap ($3 billion), according to The Block's data. Dogecoin has the ninth-largest market cap ($24 billion) among cryptocurrencies. Of note, spot Bitcoin ETFs' 12-day net inflow streak is nearing $4 billion, The Block previously reported, while total net inflows for the Ethereum funds stand at $4.2 billion.
  • Tether CEO predicts one trillion AI agents will use Bitcoin and USDT for transactions within 15 years Tether CEO Paolo Ardoino expects an explosion of machine-to-machine commerce and says the USDT stablecoin and Bitcoin will sit at its center. Speaking on The Block’s Big Brain podcast, Ardoino predicted that one trillion AI agents will eventually use blockchain-based assets to settle trades within 15 years. "I believe that in the future, every single AI agent will have a wallet, and it should be a self-custodial wallet. We are going to have one trillion agents in 15 years," Ardoino said, adding that it's unlikely legacy financial service providers like JPMorgan would onboard autonomous bots as customers. AI agents are autonomous software bots that will be able to interact with other machines without human oversight. Observers see these bots as vital to a maturing digital economy. Many expect AI agents to dominate online activity and to rely on cryptocurrencies as a means of exchange. Ardoino pointed to Tether’s wallet-development kit (WDK), launched last November, as a ready tool for non-custodial integration. "I don't think JPMorgan will open a bank account for any AI agent. So I think AI agents will use stablecoins and use Bitcoin to transact," Ardoino told The Block. He argued that USDT makes the most sense because traders already use it more than any other digital currency. A study last year by the U.S. Treasury Department noted that most crypto transaction volume flows through stablecoin pairs. There are over $243 billion worth of U.S. dollar-pegged stablecoins currently in circulation, The Block's data shows. More than half of that amount is dominated by Tether's USDT, with an over $155 billion market cap. Ardoino's predictions come amid a critical moment for the sector as the U.S. Congress considers two stablecoin bills, which could pass by the end of the summer. Treasury Secretary Scott Bessent said clear stablecoin rules could push the sector’s value above $2 trillion by 2028. Meanwhile, Tether has already pushed into artificial intelligence. The firm, which recently opened a headquarters in El Salvador, launched Tether Data in April 2024 to foster the development of open-source AI models. In May, the company unveiled Tether AI, which will "enable an unstoppable peer-to-peer network of billions of AI agents," Ardoino said at the time.
  • Bit Digital winds down Bitcoin mining operations, doubles down on Ethereum as latest ETH treasury play Bit Digital, the publicly traded mining and staking company founded in 2015, has announced a strategic shift to become "a pure-play" Ethereum staking and treasury company. As part of this transition, Bit Digital (ticker BTBT) said it will wind down its Bitcoin mining operations and redeploy the net proceeds into ETH. The move is part of a trend of firms launching crypto treasury strategies, which offer investors leveraged exposure to assets like BTC, ETH, and SOL. While many firms have historically held ETH on their balance sheets, there have been comparatively fewer Ethereum treasury plays — outside of Consensys founder Joe Lubin's recently announced SharpLink startup. As of the end of March, Bit Digital held 24,434.2 ETH and 417.6 BTC, valued at approximately $44.6 million and $34.5 million, respectively. It plans to convert its BTC holdings into ETH "over time." Bit Digital began accumulating and staking ETH in 2022 and "now operates one of the largest institutional Ethereum staking infrastructures globally," according to a statement. The company also offers validator infrastructure services, institutional-grade custody and yield solutions, and protocol governance guidance. Additionally, Bit Digital has announced a public offering of its ordinary shares to fund additional ETH purchases as well as a plan to spin out its wholly-owned HPC subsidiary, WhiteFiber Inc., via a public offering. BTBT closed down 3.7%, according to The Block’s data, and was down another 6% in after-hours trading. The Nasdaq-listed stock has a $488 million market cap.
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