Danny Kunwoong Park

Danny Kunwoong Park

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East Asia Reporter @ The Block 박건웅 기자 dpark@theblock.co Crypto/Web3 follower. Avid Papa Johns follower. Film lover.

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Danny Kunwoong Park

Strategy is safe even through this brutal crypto winter, CEO Phong Le said. Le said in the recent Q4 earnings call that bitcoin would need to drop to $8,000 and stay there for 5-6 years for @MicroStrategy to have balance sheet issues. Strategy posted a net loss of $12.6 billion for Q4, largely due to unrealized bitcoin losses. In the same call, @saylor pushed back on concerns about quantum computing, calling them "horrible FUD" that's more than 10 years away.

Danny Kunwoong Park

Bitcoin touched $60k today — one of the worst single-day drops in crypto history. "Traders are no longer trying to catch falling knives and are instead prioritizing capital preservation," said @BTCMarkets' Rachael Lucas. It has since partially recovered — now at $65,730.

Danny Kunwoong Park

USDT had its best quarter yet in Q4 2025, despite the market downturn @tether said USDT’s market cap added $12.4B in Q4 to total $187.3B, an all time high. Its userbase grew by 35m to 534 million. How will USDT fare this quarter, with bitcoin crashing below $70000?

Danny Kunwoong Park

ICYMI: Ark Invest (@ARKInvest) is staying committed to crypto. On Monday, @CathieDWood's firm bought Circle, Bitmine, Bullish, Coinbase, Block shares. Notably, @circle is down 65% the past 6 months. The ultimate "buy the dip" before the next bull run, or more pain ahead?

Danny Kunwoong Park

ICYMI: Blockstream's Adam Back is in the latest Epstein files. Email docs show that Jeffrey Epstein invested in Blockstream with former MIT director Joi Ito. On Sunday, Back said that the stake was soon divested, and Blockstream has no financial ties to Epstein. However, other documents show that Back & co-founder Austin Hill arranged a trip to St. Thomas — known as the gateway to Epstein's infamous private island.

Danny Kunwoong Park

In 2023, Binance acquired South Korean exchange Gopax. We haven’t heard much about it since. Now, @binance says it’s ready to make Gopax the top crypto exchange in Korea. Read my exclusive interview with SB Seker (APAC Head) to find out what Binance has been priming for —

Danny Kunwoong Park

Russia🇷🇺 is finally opening up its crypto market to everyone The country's crypto framework is coming in July. Going into full effect a year later, if it passes. From July 2027 — both qualified & non-qualified can trade crypto legally in Russia.

Danny Kunwoong Park

This ETH whale moved nearly $400 million worth of Ethereum this week after 9-year dormancy🐋 According to Arkham data, wallet "0xb5a" transferred its entire 135,284 ETH holding to Gemini across several transactions. The OG whale bought ETH in 2017, when it was around $90💸

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