Doohyun Hwang

Bitcoin Spot ETFs Lose $265.4 Million as Ether, XRP Funds Attract Inflows

Fund flows split sharply between Bitcoin and major altcoins in the U.S. spot cryptocurrency ETF market. SoSoValue data for July 31 showed heavy outflows from Bitcoin, while spot ETFs tied to major altcoins including Ether and XRP posted modest inflow

US Spot Ether ETFs Draw $9.03 Million of Net Inflows

US-listed spot Ether exchange-traded funds posted net inflows. The 11 US-listed spot Ether ETFs recorded combined net inflows of $9.03 million on July 31, according to SoSoValue. BlackRock's ETHB led the gains with $15.38 million of net inflows in a

US Spot-Bitcoin ETFs See $265.37 Million in Net Outflows

U.S. spot-Bitcoin exchange-traded funds posted more than $260 million in net outflows. The 13 U.S.-listed spot-Bitcoin ETFs recorded combined net outflows of $265.37 million on Aug. 31, according to crypto data platform SoSoValue. BlackRock's IBIT le

Bitmine-Linked Wallet Buys Additional $19.5 Million of Ether

A wallet believed to be linked to Bitmine has apparently bought more Ether. Data from Onchain Lens on July 31 showed an address identified as a Bitmine-related wallet purchased 10,460 Ether through FalconX, an institutional crypto brokerage. The tran

OpenAI Finds More AI ‘Escape’ Incidents in Internal Review After Hugging Face Breach

OpenAI has uncovered additional incidents resembling a recent case in which an autonomous AI agent escaped a virtual environment and attacked a third-party system, according to people familiar with the matter. Reuters reported on August 31 that OpenA

Minnesota to Ban Crypto ATMs Statewide From Aug. 1

Minnesota's new law banning cryptocurrency automated teller machines statewide will take effect on Aug. 1. All crypto ATMs in the state must cease operations immediately that day, CBS News reported on July 31. The machines must also be removed from s

Fed Chair Warsh Weighs Reducing FOMC Meetings From Eight a Year

Federal Reserve Chair Kevin Warsh is considering reducing the number of regular Federal Open Market Committee meetings that set the benchmark interest rate. The New York Times reported on July 31 that Warsh proposed lengthening the interval between s

Bessent Notebook Reveals Plan to Buy $5 Billion to $10 Billion of Yen

A note in Treasury Secretary Scott Bessent’s notebook indicated the US government may be planning to buy as much as $10 billion of Japanese yen. If Washington did intervene in the foreign-exchange market, it would be the first direct US move to suppo

White House Reviews Bipartisan Ethics Amendment Ahead of Senate Clarity Act Vote

The White House is reviewing a bipartisan ethics amendment ahead of a Senate vote on the Clarity Act. Crypto in America reported on August 31 that Republican Senator Thom Tillis and Democratic Senator Ruben Gallego sent the White House an ethics pack

Trump Weighs Strikes on Iran Energy Sites After US Base Attack

President Donald Trump is considering large-scale strikes on Iran’s energy and infrastructure facilities to gain leverage in ongoing ceasefire talks, Axios reported. Axios, citing multiple US officials, said on August 31 that Trump is seriously consi

Polymarket Ends Korean-Language Service, Hides Korea Markets From South Korean Users

Polymarket, the global blockchain-based prediction market, has ended Korean-language support and stopped displaying Korea-related prediction markets to users in South Korea. The move is being interpreted as a preemptive step to avoid a full access bl

No Refuge in Stocks or Crypto as Kospi Drops 19% in Five Sessions, Bitcoin Slips to $64,000

Kospi drops 19% in five trading days “A rebound won’t come easily ... market flows need to improve” Bitcoin rebound falters, slips back to $64,000 Rate fears and AI-investment doubts sap sentiment FOMC, Big Tech earnings are key turning points South

World Expands Proof-of-Human Push to Zoom, Tinder and AI

World, formerly known as Worldcoin, said July 28 that it has entered the third phase of “The Simple Plan,” a long-term business roadmap to extend its identity verification network across companies, consumer platforms and AI agents as it marks its thi

SK, Microsoft Agree on Long-Term Partnership for AI Memory Supply

SK Expands AI Data Center Partnership With Anthropic, AWS

US Spot Ether ETFs Post $70.62 Million of Net Outflows

US-listed spot Ether exchange-traded funds returned to net outflows. Data from SoSoValue showed the 10 US-listed spot Ether ETFs recorded combined net outflows of $70.62 million on July 24. BlackRock's ETHA posted the largest outflow, with $52.76 mil

US Spot-Bitcoin ETFs See $240.08 Million in Net Outflows

U.S.-listed spot-Bitcoin ETFs posted combined net outflows of $240.08 million on July 24, according to SoSoValue data. It was the second straight trading day of net withdrawals. BlackRock's IBIT accounted for more than 88% of the total outflow, with

Naver-Dunamu Merger Clears One Regulatory Hurdle, Faces Antitrust Scrutiny

Regulatory barriers under South Korea’s Act on Reporting and Use of Specific Financial Transaction Information that had stood in the way of a combination between Naver Financial and Dunamu have been eased following a recommendation from the president

Trump Says Iran’s Navy and Air Force Have Been Neutralized, Sees Talks as Premature

President Donald Trump said the war with Iran is “going very well” and claimed the US has the upper hand militarily. He said sustained US attacks have effectively neutralized Iran’s core military capabilities, including its navy and air force. Trump

World Foundation Sells 217 Million WLD Tokens to Pantera, Others at 36% Discount

The World Foundation sold $52.5 million worth of its WLD token to institutional investors including Pantera Capital. The over-the-counter deal was struck at a price more than 30% below the current market rate. On-chain analytics platform EmberCN said

Robinhood Discusses Prediction-Market Partnership With Crypto.com

Robinhood is in talks with Crypto.com on a partnership to expand its prediction-markets business, the Wall Street Journal reported on July 24. If the talks lead to a deal, Crypto.com's prediction-market system would be integrated into Robinhood's pla

Naver's Lee Hae-jin Says Nvidia, Brookfield to Invest $10 Billion

Bitcoin May Struggle to Counter Quantum Computing Threat, Cardano Emerges as Alternative

Bitcoin may have to surrender its position as the largest cryptocurrency by market value as quantum computing advances, according to a warning cited by The Block. The concern is that Bitcoin's rigid structure makes it hard to respond quickly to a sev

EU Adds Crypto Exchange HTX to Russia Sanctions List

The European Union has added cryptocurrency exchange HTX to its sanctions list tied to Russia’s war in Ukraine. Cointelegraph reported on July 24 that the European Council revised its existing sanctions regime over Russia’s actions destabilizing the

Bithumb Is Last Major Prize Among Korea’s Won-Based Crypto Exchanges as Kiwoom Weighs Investment

Pairings between South Korea’s won-based virtual-asset exchanges and financial or platform companies are nearing an endgame. Naver Financial is pursuing a tie-up with Dunamu, Korea Investment & Securities has invested in Coinone, Mirae Asset Group ac

Mirae Asset’s Park Says Korbit to Rebrand as Digital X After $102 Million Deal, Eyeing STOs and Stablecoins

Acquires 97.15% stake and launches new Digital X brand Targets RWA tokenization, STOs and stablecoins Seeks to expand beyond exchange into investment platform Mirae Asset Group has completed its acquisition of South Korean cryptocurrency exchange Kor

Sui-Based Bitcoin Infrastructure Project Hashi Launches Testnet, Targets Institutional DeFi

Hashi, a Bitcoin financial infrastructure project built on the layer-1 blockchain Sui, officially launched its testnet on July 23. The rollout allows financial institutions and blockchain builders to validate Bitcoin-based lending and credit applicat

Kakao Pay Securities Pursues U.S. Trading of Korean Stocks, Weighs Tokenized Shares

Targets U.S. launch of K-Stock platform in first half of next year Seeks to remove trading-hour constraints and enable near real-time settlement "Seibert is taking the lead in reviewing tokenized shares" Kakao Pay Securities is reviewing a tokenized

Kakao Group Teams Up With Circle to Pursue Korean Won Stablecoin, Blockchain Payments

Kakao Group, including Kakao Corp., Kakao Pay Corp. and KakaoBank Corp., has teamed up with Circle Internet Group Inc., the issuer of the USDC stablecoin, to pursue a Korean won stablecoin and build blockchain-based payments infrastructure. Kakao Gro

Clarity Act Talks Snag on Ethics Rules for Public Officials

Democrats seek limits on token issuance and promotion by public officials Dispute turns on whether the rules should extend from the president and lawmakers to spouses and children Another flashpoint is whether enforcement should lie with the Justice