Doohyun Hwang

Nominee for US CFTC Chair: "Crypto Regulation Needs a Balance Between Innovation and Protection"

Donald Trump, the President of the United States, has nominated Brian Quintenz as the next chair of the Commodity Futures Trading Commission (CFTC), who stated that a balanced approach between innovation and consumer protection is needed for virtual

Connecticut, US, Passes Bill Banning State Government Virtual Asset Holdings and Payments

The US state of Connecticut has passed a bill that prohibits the state government's holding and payment of virtual assets (cryptocurrencies). On the 10th (local time), the Connecticut House of Representatives announced the final passage of the “Act C

Stablecoin project 'Plasma' raises $500 million in public sale

The stablecoin project 'Plasma' raised $500 million in its public token sale in just 5 minutes. This sale was conducted via the new public sale platform 'Sonar', operated by renowned cryptocurrency investor Jordan Fish. Plasma was selected as the fir

Rise on Hopes for US-China Trade Deal... Tesla Rallies for Third Day [New York Stock Market Briefing]

Major indices on the New York Stock Exchange ended higher after fluctuating throughout the session. Although the US-China trade talks, ongoing for the second day in London, UK, have not yet yielded results, positive remarks from Howard Lutnick, US Se

World Liberty, $7.5 million loan from Aave..."Likely USD1 withdrawal procedure"

World Liberty Financial (WLFI) has reportedly borrowed $7.5 million worth of the stablecoin Tether (USDT) from the decentralized lending protocol Aave. On the 10th (local time), Onchain Lens, citing data from Nansen, reported that "to do so, WLFI dep

"Bitcoin Emerges as a New Investment Destination Amid Economic Uncertainty in the US"

The upward trend of Bitcoin (BTC) has been analyzed as a phenomenon intertwined with economic uncertainty in the United States. According to CoinDesk on the 10th (local time), ARK Invest recently stated in a report, "Bitcoin is emerging as a new chan

Can KakaoPay issue stablecoins…"Possible depending on interpretation"

Attention is being paid to whether fintech companies will be able to directly issue and distribute stablecoins. Although the current law prohibits 'self-issued coin trading,' there is a possibility of a flexible interpretation that could narrow the s

"Stablecoins, Game Changer in the Payment Market...Expansion of Actual Use in Korea Expected"

Tenwei Liu, CEO of StraitsX (StraitsX), described stablecoins as a technology that can transform the paradigm of the payment market. He explained that with the trading volume of stablecoins reaching about ₩15.6 trillion as of last year, the existing

'Japanese Strategy' Metaplanet Announces Entry into the United States..."Headquarters Established in Miami"

Metaplanet, a Japanese listed company and notable Bitcoin (BTC) investment firm, has established its US headquarters in Miami, Florida. On the 6th (local time), Simon Gerovich, Metaplanet CEO, stated via his X, "We are delighted to set up our US head

[Today's Global Trending Coins & Keywords] Polymarket, BankerCoin, LOUD, etc.

According to the Token Mindshare (an indicator that quantifies the influence of a particular token in the virtual asset market) Top Gainer by Kaito, an AI-based web3 search platform, as of the 7th, the top 5 virtual assets and keywords with the most

Japan's SBI invests $50 million in stablecoin issuer 'Circle'

Japanese financial giant SBI Holdings has reportedly invested approximately $50 million in Circle, the stablecoin issuer, in line with Circle’s IPO on the New York Stock Exchange. According to CryptoPolitan on the 6th (local time), with this investme

US Ethereum Spot ETF, $25.3 Million Net Inflow...15 Consecutive Trading Days

A total of $25.3 million flowed into the United States Ethereum (ETH) spot exchange-traded funds (ETFs) in a single day. BlackRock and Grayscale led the inflow trend. According to the digital asset analytics firm Farside Investors, on the 6th (local

Trump: "No plans to talk with Musk... reviewing all contracts with Tesla"

According to Reuters on the 6th (local time), President Trump met with reporters on Air Force One and said, "I hope Musk leads Tesla well," but also stated, "I will thoroughly review all contracts made with the federal government." It is also reporte

Circle Soars 29% on Second Day of Listing, Market Cap Surpasses 29 Trillion Won

Circle, the issuer of the stablecoin 'USDC', continued its sharp rise on the second day of its listing on the New York Stock Exchange. The market capitalization soared past 29 trillion won in an instant, expanding to three times the IPO target price.

US Bitcoin Spot ETF sees net outflow of $48.80 million...for 2 consecutive trading days

The United States Bitcoin (BTC) spot Exchange-Traded Funds (ETFs) experienced net outflows for two consecutive trading days. According to data from trader T on the 6th (local time), Bitcoin spot ETFs traded in the US saw an outflow of $48.80 million.

Lee Jae-myung government accelerates virtual asset policy... Party organization elevated, new direct presidential committee established

With the inauguration of President Lee Jae-myung, the Digital Assets Committee under the Democratic Party of Korea's Election Countermeasures Committee is expected to be upgraded to an official internal party organization. According to the industry o

Trump: "Fed Chair Nomination to Be Announced Soon… The Right Person Is Someone Who Will Cut Rates"

U.S. President Donald Trump stated that he will soon announce the next Chair of the Fed. He emphasized, "A good Fed chair is someone who can lower interest rates." According to Reuters on the 6th (local time), President Trump told reporters aboard Ai

"Pump.fun pursuing $1 billion ICO... Considering sharing profits with investors"

Memecoin issuance platform Pump.fun is reportedly pursuing a token offering (ICO) of up to $1 billion and is considering ways to share a portion of protocol profits with future token holders. On the 6th (local time), The Block, citing sources familia

Bitcoin Falls Below $104,000

Eric Trump: "WLFI, Large-Scale Acquisition Plan for Official Trump"

Eric Trump, the second son of former U.S. President Donald Trump, announced that World Liberty Finance (WLFI) and meme coin 'Official Trump (TRUMP)' have entered into a partnership. On the 6th (local time), via his X account, Eric Trump stated, "WLFI

Forbes: "Trump earns $1 billion through virtual assets"

It has been revealed that former U.S. President Donald Trump raised his net worth to $5.6 billion by generating about $1 billion in profits through virtual assets (cryptocurrencies). On the 5th (local time), Forbes stated, "Trump’s virtual asset busi

Hyperliquid Surpasses $248 Billion in Trading Volume Last Month, Marking All-Time High

The decentralized perpetual exchange Hyperliquid (HYPE) achieved a record-breaking monthly trading volume of $248 billion in May. According to data from The Block on the 6th (local time), this represents a 51.5% increase compared to $187.5 billion in

US Ethereum Spot ETF Records Net Inflow for 14 Consecutive Trading Days... Price Remains Flat

Institutional demand for Ethereum (ETH) spot exchange-traded funds (ETFs) is continuing for an extended period. On the 6th (local time), Nate Geraci, CEO of The ETF Store, stated, “The streak of net inflows that began on May 16 continued for 14 conse

Internal divisions emerge in US Republican Party over stablecoin bill: "It will only enrich major corporations"

The Republican Party in the United States is facing internal opposition to the actively promoted stablecoin regulatory bill, the GENIUS Act. According to The New York Times on the 6th (local time), Missouri Senator Josh Hawley stated, "This bill is a

[Today's Global Trending Coins] Loud·AIXBT·Labubu & More

According to the Token Mindshare index compiled by the AI-based Web3 search platform Kaito (Token Mindshare: an indicator that quantifies the influence of specific tokens in the virtual asset market), as of the 31st, the top 5 virtual assets garnerin

Bitcoin: $900 million in Long Positions Liquidated if Price Drops Below $102,000

If the price of Bitcoin (BTC) falls below $102,000, more than $900 million in liquidations are expected. According to data from CoinGlass on the 30th (local time), should Bitcoin’s price drop below $102,000, cumulative long (buy) position liquidation

U.S. Ethereum Spot ETF records net inflow of $70,242,000...10 consecutive trading days

The United States Ethereum (ETH) spot ETF has recorded net inflows for 10 consecutive trading days. According to data from SosoValue on the 30th (local time), the Ethereum spot ETFs trading in the U.S. saw an inflow of $70,242,000. All net inflows oc

Binance: "A new chapter begins as SEC lawsuit is withdrawn... The future of the industry is bright"

The U.S. Securities and Exchange Commission (SEC) has officially withdrawn its lawsuit against the global digital asset (cryptocurrency) exchange Binance. On the 30th (local time), Binance issued an official statement saying, "One chapter has ended a

U.S. Bitcoin Spot ETF sees $614 million net outflow... largest in 3 months

A massive capital outflow occurred in the United States Bitcoin (BTC) spot ETF market. According to data from Trader T on the 30th (local time), a total of $614.02 million was withdrawn as net outflow from Bitcoin spot ETFs traded in the United State

Meta rejects 'Bitcoin investment proposal' at shareholders' meeting

Meta overwhelmingly rejected a shareholder proposal to convert a portion of its cash holdings into Bitcoin (BTC). Shareholders made it clear that they would stick to traditional asset management methods. According to CryptoSlate on the 30th (local ti