Doohyun Hwang

US Fires Hellfire Missile at Iran-Bound Tanker After Crew Ignores Route Change Warnings

The US military said it fired a Hellfire missile at an Iran-bound tanker, disabling the vessel. US Central Command released a statement on June 2 alongside video showing a strike on the engine room of the Botswana-flagged tanker M/T Lexie. The crew i

Bitcoin Reclaims $67,000

Rubio Says No Iran Sanctions Relief Without Denuclearization

U.S. Secretary of State Marco Rubio said the Trump administration has not offered to ease sanctions on Iran in exchange for reopening the Strait of Hormuz. Reuters reported on June 2 that Rubio made the remarks at a Senate Foreign Relations Committee

SpaceX Eyes Record IPO at $1.75 Trillion Valuation With All-Primary Share Sale

SpaceX, Elon Musk’s rocket and satellite company, is preparing what could be the largest initial public offering ever through an all-primary share sale. Reuters reported on June 2, citing people familiar with the matter, that SpaceX is planning a lis

Clarity Act Added to US Senate Calendar, With Floor Vote Awaiting Bill Merger

The Clarity Act has been formally placed on the US Senate's legislative calendar. A floor vote is not expected immediately, however, because the bill still must go through an additional consolidation process. The bill was added to the Senate's legisl

Coinbase Backs Ethena, to Launch ENA-Based Savings Product

Coinbase Ventures, the exchange's investment arm, has bought Ethena's ENA token on the open market. The companies also plan to launch a new on-chain savings product for Coinbase's more than 100 million users. Ethena announced on June 2 that it had en

US Sanctions Iran’s Largest Crypto Exchange as ‘Economic Fury’ Campaign Intensifies

The Trump administration has sanctioned major Iranian crypto firms, including the country’s largest exchange, in a bid to pressure Tehran back to the negotiating table. Bloomberg reported on June 2 that the US Treasury Department had blacklisted four

SEC Says Blockchain Can Transform US Finance, Sets 2030 Goal for Crypto Rules

The U.S. Securities and Exchange Commission has made digital assets a core strategic priority and plans to establish regulatory clarity for blockchain technology, asset tokenization and broader crypto-market infrastructure by 2030. The SEC released a

Korean Retail Traders Pull Money From Bitcoin as It Drops Below $73,000 and KOSPI Rally Roars

A South Korean crypto investor identified only as A has lately been spending more time on brokerage apps than on cryptocurrency exchanges. As the KOSPI and the so-called “Samjeonnix” trade — a nickname for Samsung Electronics Co. and SK Hynix Inc. —

South Korea’s Parties Court Crypto Voters With Bitcoin ETF Push, Tax Repeal Pledge

Ahead of South Korea’s June 3 local elections, the country’s two main parties have unveiled cryptocurrency policy pledges aimed at winning over digital-asset investors. Both included crypto proposals in their campaign platforms. While they share a br

Solstice Finance Launches Ecosystem Token SLX

Solstice Finance, a decentralized finance protocol, said May 26 that it has officially launched SLX, the core utility and governance token for its ecosystem. The token was listed simultaneously on multiple global cryptocurrency exchanges on May 25, a

Solstice Finance Wins Investment From Bullish, Anchorage Digital

Solstice Finance, a Solana-based yield-generating protocol for institutions, said May 26 that it had secured institutional investment from Bullish, the New York Stock Exchange-listed crypto exchange, and digital-asset platform Anchorage Digital. The

US Spot-Bitcoin ETFs See $105.19 Million in Outflows, Extending Streak to Six Sessions

More than $100 million exited the US spot-Bitcoin exchange-traded fund market in a single day. According to SoSoValue, the 13 US-listed spot-Bitcoin ETFs posted combined net outflows of $105.19 million on May 22. That marked a sixth straight trading

Strategy Signals It May Sell Some Bitcoin Before Year-End

Strategy (MSTR) has signaled it may sell some of its Bitcoin holdings before the end of 2026. Michael Saylor, Strategy’s chairman, said in a recent YouTube interview on May 22 that the company could sell part of its Bitcoin between now and year-end.

Iran-Linked Operative’s Alleged Plot to Kill Ivanka Trump Is Uncovered

The New York Post reported on May 22 that authorities uncovered an alleged assassination plot targeting Ivanka Trump, the eldest daughter of US President Donald Trump, by an operative linked to Iran’s Islamic Revolutionary Guard Corps, or IRGC. The a

People Power Party Pledges Digital Asset Law, End to Crypto Income Tax in June 3 Election Platform

South Korea’s People Power Party has released a policy platform for the June 3 local elections that includes abolishing the tax on virtual-asset income and enacting a basic law on digital assets. The pledges outline a plan to strengthen investor prot

Bank of America Raises Q1 Crypto ETF Holdings to $53 Million, With BlackRock’s IBIT as Top Position

Bank of America increased its holdings of spot-Bitcoin exchange-traded funds in the first quarter while reducing exposure to ETFs tied to altcoins such as Ether and Solana. Bank of America’s first-quarter 13F filing, released May 22, showed total hol

Hamilton Seeks Bitcoin ETF Combining 0DTE Options Strategy

Hamilton Capital Partners, a Canadian asset manager, is seeking to launch a new exchange-traded fund that combines Bitcoin exposure with an ultra-short-dated, or 0DTE, options strategy. Hamilton ETFs said May 22 that it had filed a preliminary prospe

BitMine Shows Signs of Buying 60,000 More Ether

BitMine appears to have amassed more than $100 million worth of Ether. Arkham Intelligence data on May 22 showed that a total of 60,000 Ether was recently deposited into two newly created crypto wallets believed to belong to BitMine. The tokens are w

SpaceX Files for IPO as $5 Billion Loss Tests Trillion-Dollar Pitch on Starship

SpaceX filed for an initial public offering last Wednesday. Plans for a Mars colony and hundreds of gigawatts of data centers in orbit have drawn market attention. But the linchpin of the company’s future valuation is Starship, the next-generation su

Kevin Warsh Takes Office as Fed Chair; Markets Lean Toward Rate Hikes, Not Cuts

President Donald Trump, speaking at Kevin Warsh’s swearing-in as Federal Reserve chair on May 22, said he would guarantee the new chair’s independence on interest-rate policy. Trump said U.S. employment indicators were at record levels and that, unli

SEC Approves Nasdaq Listing of Bitcoin Index Options

The U.S. Securities and Exchange Commission has approved Nasdaq’s listing of options tied to a Bitcoin price index. An order posted on the SEC’s website on May 22 shows the product received accelerated approval. The move gives U.S. stock-market trade

South Korea Tax Agency Picks Bonanza Factory for Crypto Tax-Evasion Tracking System

South Korea’s National Tax Service will introduce specialized transaction-tracking software to curb tax evasion involving virtual assets. Bloomingbit reported on May 22 that the agency selected Bonanza Factory as the final contractor for its “virtual

Ostium Adds Perpetual Futures Linked to Real-Time Nasdaq Data

Ostium, an on-chain derivatives trading protocol, is adding perpetual futures trading for U.S. stocks using real-time Nasdaq market data. Ostium Labs said on May 22 that it had completed an integration with Nasdaq Basic, Nasdaq’s real-time stock mark

Exclusive: South Korea Opens Review of Polymarket Over Illegal Gambling Concerns

Polymarket faces scrutiny as a betting-style prediction market Regulator examines potential gambling and legal violations Market growth accelerates as major countries tighten oversight "There is a possibility it could be pushed out of the Korean mark

US Spot-Bitcoin ETFs See $290.42 Million in Net Outflows

US spot-Bitcoin exchange-traded funds posted about $290 million in net outflows. Data from SoSoValue showed that the 13 US-listed spot-Bitcoin ETFs recorded combined net outflows of $290.42 million on May 15. BlackRock's IBIT led the outflows, with $

Bitcoin ‘Has Lost Its Way’: Whales Shift to Zcash as Token Surges 50% in a Month

As crypto moves deeper into mainstream finance, some of Bitcoin’s earliest backers are turning to Zcash, a privacy-focused token. The Wall Street Journal reported on May 15 that early Bitcoin whales, including Digital Currency Group founder Barry Sil

Bhutan Denies Reports It Has Sold Bitcoin in Bulk

Bhutan, which has been mining and buying Bitcoin at the state level, is pushing back against reports that it has been unloading the token on a large scale. The speculation followed on-chain data showing about $1 billion of Bitcoin leaving wallets lin

Bitcoin Depot Flags Going-Concern Doubt as Litigation Costs Top $20 Million

Bitcoin Depot, a cryptocurrency ATM operator, said in a quarterly report filed with the US Securities and Exchange Commission that there is substantial doubt about its ability to continue as a going concern. The company cited ongoing litigation and a

Bitcoin Falls as Kospi Soars 77.9%; Korean Crypto Exchanges Face Squeeze

Global stock markets have rallied this year on gains in artificial intelligence and semiconductor shares, while digital assets alone have remained mired in a slump, iM Securities said. Pressure is also mounting on South Korean exchanges, which have l