Doohyun Hwang

[Analysis] "Bitcoin retests the $120,000 level… taking a breather amid ETF inflows"

Bitcoin (BTC) was pushed down by short-term profit-taking and briefly fell below the $120,000 level. However, with steady ETF inflows, the market's medium-term optimism remains intact. On the 9th (local time) in the Binance Tether (USDT) market, Bitc

US spot Bitcoin ETF records $198 million in net inflows

U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded net inflows for 9 consecutive trading days. On the 9th (local time), according to data from SosoValue, the total net inflows into spot Bitcoin ETFs traded in the U.S. amounted to $198 mill

US Ethereum spot ETFs turn to net outflows after 8 trading days

US spot Ethereum (ETH) exchange-traded funds (ETFs) turned to net outflows, ending an eight-trading-day streak of net inflows. On the 9th (local time), according to SoSoValue data, the total net outflow of Ethereum spot ETFs traded in the US was $8.5

Hong Kong's largest virtual asset exchange 'HashKey' pursues IPO of up to $500 million

HashKey Group, which operates Hong Kong's largest virtual asset (cryptocurrency) exchange, has reportedly filed a confidential initial public offering (IPO) application for a listing on the Hong Kong Stock Exchange. On the 9th (local time), Bloomberg

Story (IP) Newly Included in Grayscale AI Fund... Allocation Exceeds 20%

Global crypto asset manager Grayscale Investments included Story (IP) as a new holding in its artificial intelligence (AI) fund during its 3Q 2025 portfolio rebalancing. Observers say decentralized intellectual property (IP) ecosystems that combine A

Bitcoin dips below $120,000 intraday on profit-taking and a strong dollar

Bitcoin (BTC) dipped below $120,000 intraday on the 9th (local time). According to the Binance Tether (USDT) market, Bitcoin slid from a high of $123,762 to $119,651, falling about 3.3%. After setting an all-time high in the $126,000 range earlier th

Kalshi "Solana expansion was an obvious choice...will be a partner to lead prediction market innovation"

John Wang, Kalshi's head of virtual assets (cryptocurrency) business, said, "Solana (SOL) was a kind of 'no-brainer' for us." He said, "Solana is practically the largest consumer-focused blockchain, and it has all the foundations needed for user infl

Bitmain appears to have purchased large amounts of Ethereum... about 20,000 moved to a presumed Bitmain wallet

A large amount of Ethereum (ETH) was observed being transferred from virtual asset (cryptocurrency) custodian BitGo to a wallet believed to be held by Bitmain. Bitmain is the world's largest Ethereum holder. On the 9th (local time), according to on-c

MetaMask unveils perpetual futures trading and rewards program... partners with Polymarket

Global blockchain firm Consensys said on the 10th that its self-custody wallet MetaMask has launched a perpetual futures trading feature and the MetaMask Rewards program. With this launch, MetaMask aims to position itself as an all-in-one on-chain fi

U.S. Democrats' DeFi regulation draft draws industry 'pushback'... "Virtually a ban"

The U.S. Democratic Party has presented a strong regulatory draft for decentralized finance (DeFi) as part of discussions on regulating the virtual asset (cryptocurrency) market, drawing strong opposition from the industry. The industry has even crit

Deutsche Bank "Central banks worldwide will adopt Bitcoin as a major reserve asset"

An analysis suggests that central banks around the world are likely to hold Bitcoin (BTC) alongside gold as a major reserve asset by 2030. With a weaker US dollar and the spread of institutional investors coinciding, there is a view that Bitcoin coul

Coinbase·Mastercard, stablecoin company 'BVNK' acquisition competition

Acquisition amount up to 2.5 billion dollars Battle for dominance in cryptocurrency payments intensifies Cryptocurrency exchange Coinbase and global payments company Mastercard are reportedly in final negotiations to acquire London-based stablecoin p

XRP(XRP), recovers $3 level… gains on SBI expansion and ETF expectations

XRP has broken the $3 level and continued its upward trend. On the 2nd (local time), XRP rose about 3%, moving from $2.98 to $3.09 during the session on the Binance Tether (USDT) market. Short-term support is in the $2.99~$3.00 range. This rise was t

WaveBridge "Korea emerging as Asia's strategic hub for digital assets"

Corporate- and institution-focused digital asset financial infrastructure firm 'WaveBridge' suggested in a report released on the 3rd that Korea could, with spot Bitcoin ETFs and Korean won stablecoins as catalysts, expand beyond a retail powerhouse

U.S. shutdown — will it continue until next week… Higher likelihood of no vote this week↑

The U.S. federal government shutdown is increasingly likely to continue at least through next week. On the 2nd (local time), CNN reported that Democrats are expected to again block the short-term funding bill submitted by Republicans on the 3rd (loca

US Ethereum spot ETF, $302.77 million net inflow

A total net inflow of $302.77 million occurred in the US Ethereum (ETH) spot exchange-traded fund (ETF) market. According to TraderT data on the 2nd (local time), BlackRock's ETHA attracted $172.77 million, accounting for more than half of the total

Nomura intensifies entry into Japan's virtual-asset market through subsidiary 'Laser Digital'

Japan's largest securities firm Nomura Holdings(Nomura Holdings) is moving to expand into the Japanese virtual-asset (cryptocurrency) market through its subsidiary Laser Digital(Laser Digital). Jez Mohideen(Jez Mohideen), chief executive officer (CEO

Binance Coin (BNB) surpasses $1,110 to hit an all-time high

Binance Coin (BNB) recorded an all-time high on the 2nd (local time). On that day, BNB exceeded $1,100 intraday on the Binance Tether (USDT) market and touched $1,110, renewing its previous high within a day. It is currently trading around $1,108. It

Sharps Technology Announces $100 Million Share Buyback Plan

Sharps Technology, which operates a Solana (SOL)-based Digital Asset Treasury (DAT), announced plans for a share buyback program of up to $100 million. On the 2nd (local time), Sharps Technology said in a press release, "Through this share buyback pr

Bitcoin (BTC) falls below $120,000

U.S. spot Bitcoin ETFs, $624.81 million net inflows... four consecutive trading days

More than $600 million in net inflows occurred in a single day for U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs). According to TraderT's data on the 2nd (local time), U.S.-traded spot Bitcoin ETFs recorded total net inflows of $624.81 million

U.S. government shutdown... Uncertainty over approval of Litecoin spot ETF widens

Canary Capital's application for a Litecoin (LTC) spot exchange-traded fund (ETF) has become uncertain. The U.S. Securities and Exchange Commission (SEC) has not taken any action despite missing the initial decision deadline scheduled for Oct. 3 (loc

U.S. New York State pushes to establish bitcoin mining tax…"Additional taxation on the mining industry"

New York State in the United States is pushing a bill to impose a new tax on miners of proof-of-work (PoW)-based virtual assets (cryptocurrencies), such as Bitcoin (BTC). The reason is that power consumption from mining is driving up electricity bill

Boundless designated as 'cautionary listing' 17 days after listing "cooperating to resolve the issue"

Boundless (ZKC) was designated as a cautionary listing on major domestic virtual asset (cryptocurrency) exchanges less than three weeks after being listed. The Boundless Foundation said it is cooperating to resolve the issue and clarified that there

"BASE token issuance: we won't rush... schedule not set yet"

Jesse Pollak, head of BASE (the Layer-2 network operated by Coinbase), emphasized a cautious approach regarding plans to issue a token. On the 2nd (local time), Pollak said on Fortune's podcast 'Crypto Playbook' that "BASE's code is fully open source

Spanish bank 'BBVA' supports 24-hour trading of Bitcoin and Ethereum

Spanish bank 'BBVA' is partnering with Singapore exchange 'SGX FX' to launch a service that allows retail customers to trade virtual assets (cryptocurrencies) directly through its platform. This is the first time a bank has introduced virtual asset t

U.S. CFTC accelerates selection of next chair…Trump seeks new candidates after withdrawing first nominee

The selection process for the next chair of the U.S. Commodity Futures Trading Commission (CFTC) is gaining momentum. After President Donald Trump’s first nominee, former commissioner Brian Quintenz, was defeated, the White House is actively reviewin

Ethereum Hit by Multiple Headwinds…Lowest Level in Two Months

Crypto Now Fading Expectations for US Rate Cuts Rising Shutdown Fears Also Weigh Ethereum fell to its lowest level in about two months. Analysts say investor sentiment has been dampened as expectations for US policy rate cuts have weakened, compounde

DeFi 'Hyperdrive' suffers $770,000 in asset losses from hack

Decentralized finance (DeFi) project 'Hyperdrive' is reported to have suffered significant damage from a hack. On the 27th (local time), blockchain security firm PeckShield said Hyperdrive was recently hacked, with approximately $773,000 worth of ass

[Weekly Major Economic & Cryptocurrency Schedule] US September Nonfarm Payrolls, etc.

<Next week's major economic schedule> ▶︎29 (Mon) : △Christopher Waller, U.S. Federal Reserve (Fed) governor speech (KST 20:30) ▶︎30 (Tue) : △China September Manufacturing Purchasing Managers' Index (PMI, KST 10:30) △UK Q2 GDP (KST 15:00) △US August D