JH Kim

Saylor Backs CLARITY Act, Says Bitcoin Will Thrive Regardless

Michael Saylor, founder of Strategy (MSTR), expressed support for the CLARITY Act, a U.S. market-structure bill for digital assets. Writing on X, formerly Twitter, on August 31, Saylor said he supports bipartisan cooperation to establish clear and du

Single Indicator Fails to Reliably Predict Bitcoin Liquidation Cascades, Study Finds

A study analyzing seven major Bitcoin liquidation cascades found that no single metric can reliably predict sharp selloffs, CryptoSlate reported on August 31. The paper, published on arXiv, analyzed price action, leverage and order flow and found no

U.S. Stocks Close Higher; Nasdaq Gains 1%

The three major U.S. stock indexes closed higher on Aug. 1. The Nasdaq Composite rose 1% from the previous session to 25,373.85. The Dow Jones Industrial Average gained 0.53% to 52,485.74, while the S&P 500 added 0.69% to 7,489.67.

CFTC Settles With Former Congressman George Santos Over Kalshi Manipulation Allegations

The US Commodity Futures Trading Commission has settled with former US Representative George Santos over allegations of market manipulation on prediction market platform Kalshi, crypto news outlet The Block reported on August 31. The CFTC had previou

Bitcoin Hashrate Extends 287-Day Decline as Mining Difficulty Drops 19.9% From Peak

Bitcoin’s hashrate has continued to decline for about 287 days, while mining difficulty is 19.9% below its all-time high. Crypto News reported on August 31 that shares of some publicly traded mining companies have surged more than 430% over the past

Grayscale Urges Senate to Hold Clarity Act Vote Before August Recess

Grayscale Investments sent a letter to the U.S. Senate urging it to hold a floor vote on the Clarity Act before the August congressional recess, foreign media reported on July 31. Lawmakers and aides have spent months deliberating over complex issues

Trump Says Iran Lied During Talks, Fired Five Missiles at Jordan

President Donald Trump said on August 31 that Iran "lied throughout the negotiations," according to Walter Bloomberg. Trump also accused Tehran of escalating tensions by firing five missiles toward Jordan.

U.S. Stocks Turn Higher; Nasdaq Rises 0.51%

The three major U.S. stock indexes were trading higher on Aug. 1. The Nasdaq Composite rose 0.51% from the previous close to 25,249.73. The Dow Jones Industrial Average gained 0.48% to 52,461.12, while the S&P 500 advanced 0.42% to 7,468.97.

Trump Says Iran Is ‘Being Decimated,’ Adds US ‘Will Be Hitting Them’

President Donald Trump said on August 31 that Iran is “being decimated” and that “we’ll be hitting them,” Walter Bloomberg reported. Treasury Secretary Scott Bessent also reaffirmed plans to intensify economic pressure on Iran. The US is tracking Ira

IBM CEO Says Quantum Computing Nears Commercialization, Sees Revenue Contribution by 2028-29

CoinDesk reported on August 31 that IBM Chief Executive Officer Arvind Krishna said quantum computing is moving beyond the research stage and closer to commercialization, with the technology set to make meaningful contributions to IBM's revenue and p

STS Digital CEO Says Institutional Options Selling, AI Boom, US Regulatory Delays Are Curbing Crypto’s Next Bull Run

CoinDesk reported on August 31 that STS Digital Chief Executive Officer Maksim Zolier sees three main factors restraining the next rally in digital assets: increased options selling by institutional investors, the boom in artificial intelligence inve

Tether Posts $1.5 Billion in Q2 Operating Profit, Gold Holdings Top 146 Tons

Tether, the issuer of the dollar-pegged stablecoin USDT, posted about $1.5 billion in operating profit in the second quarter, driven by interest income from U.S. Treasuries and repurchase agreements, the company said on July 31. As of June 30, Tether

Citi Says Buy-the-Dip Trade Is Spreading in Kospi, Keeps 10,000 Target

Citigroup said investors are increasingly adopting a "buy the dip" strategy in South Korea's Kospi, citing stronger foreign inflows, improved buying by pension funds and tighter trading rules for retail investors. Walter Bloomberg reported on July 31

Trump Peace Committee Expects Possible Hamas Deal Within Days to Begin Gaza Disarmament

Walter Bloomberg reported on July 30 that U.S. President Donald Trump's peace committee sees a possibility that Hamas could sign an agreement within days to begin disarmament and demilitarization procedures in Gaza. According to the report, the commi

Trump Orders Restrictions on Critical Mineral Scrap Exports

President Donald Trump has ordered restrictions on exports of critical mineral scrap, or recyclable waste, Walter Bloomberg reported on July 30. The measure is intended to strengthen critical mineral supply chains and limit the overseas outflow of st

US Stocks Close Higher; Nasdaq Jumps 2.78%

The three major U.S. stock indexes closed higher on July 31. The Nasdaq Composite climbed 2.78% from the previous session to 25,122.18. The Dow Jones Industrial Average rose 1.19% to 52,209.57, while the S&P 500 advanced 1.67% to 7,437.98.

Senate Republicans Again Block Vote on Resolution to End US Hostilities With Iran

Senate Republicans again blocked a floor vote on a resolution calling on President Donald Trump to withdraw US forces from hostilities with Iran, The Hill reported on July 30. The Senate voted 49-50 on July 30 against a motion to proceed to the war p

Durov Says Russia Labeled Him a Terrorist After He Rejected Telegram Surveillance, Censorship Demands

Pavel Durov, Telegram’s founder and chief executive officer, said Russian authorities labeled him a terrorist after he refused the country’s demands for mass surveillance and censorship. In a post on his official X account on July 30, Durov said Russ

Treasury Secretary Bessent Urges Senate to Vote on Clarity Act Immediately

US Treasury Secretary Scott Bessent urged the Senate to immediately vote on the Clarity Act, a market-structure bill for digital assets. In a post on X on July 30, Bessent wrote that more than a year had passed since the House approved the Clarity Ac

Ondo Finance Weighs Acquisition of Up to $500 Million

Ondo Finance, a real-world asset tokenization platform, is weighing a corporate acquisition of up to $500 million, CoinDesk reported on July 30, citing people familiar with the matter. The company is reviewing targets valued at $250 million to $500 m

Bitcoin Miner GoMining Launches BTC Trading, Custody Service With Uphold

Bitcoin miner GoMining has launched Bitcoin trading and custody services through a partnership with digital-asset platform Uphold, U.Today reported on July 30. The service will initially be available to users in the US. Users can buy, sell and store

Ethereum Rally Loses Momentum as Bulls, Bears Battle Below Key Resistance

Ethereum's rally is losing momentum as bulls and bears square off below a key resistance level after the token's strong rebound in June, CryptoPotato reported on July 30. On the daily chart, ETH is still trading below its 100-day and 200-day moving a

Anonymous Whale Accumulates $184 Million of Ether, WBTC in a Month, Booking $10.8 Million Paper Gain

An anonymous whale wallet beginning with 0x2684 accumulated about $184 million worth of Ether and Wrapped Bitcoin over the past month. On-chain analytics platform Lookonchain said on July 30 that the whale bought 1,050 WBTC worth $67.49 million and 6

Hassett Says Inflation Data Makes Fed Chair Warsh’s Job a Bit Easier, Reaffirms Trust

Kevin Hassett, director of the White House National Economic Council, said the inflation data released on July 30 had made Federal Reserve Chair Kevin Warsh’s job a bit easier, Walter Bloomberg reported. Asked whether he still trusted Warsh, Hassett

Twenty One Capital CEO Says Bitcoin Premium Strategy Alone Has Limits: ‘There’s No Free Money Forever’

Rafael Zagury, chief executive officer of Bitcoin investment firm Twenty One Capital, said Bitcoin asset managers will struggle to generate sustainable returns if they rely solely on premium-based investment strategies. CryptoSlate reported on July 2

US Stocks Close Lower; Nasdaq Falls 1.74%

The three major U.S. stock indexes closed lower on July 30. The Nasdaq Composite fell 1.74% from the previous session to 24,442.94. The Dow Jones Industrial Average dropped 2.18% to 51,594.86, while the S&P 500 declined 1.45% to 7,321.63.

Fed's Warsh Says FOMC Press Conferences to Continue Through Year-End, Won't Be Constrained by Market Pricing

Bloomberg reported on July 29 that Federal Reserve Chair Kevin Warsh said he will continue holding press conferences after Federal Open Market Committee meetings through the end of this year. At the press conference, Warsh said he would not be constr

Fed Chair Warsh Says Rate Hikes Are an Option if Inflation Stays High

Federal Reserve Chair Kevin Warsh said interest-rate increases could be part of the solution if inflation remains high, Bloomberg reported on July 29. At a Federal Open Market Committee press conference, Warsh said future monetary policy will depend

Fed Chair Warsh Says Five Years of High Inflation Won’t Be Cured in Nine Weeks, Reaffirms 2% Goal

Federal Reserve Chair Kevin Warsh said it would be difficult to undo five years of high inflation in just nine weeks, but stressed that the central bank would not waver from its commitment to price stability. Bloomberg reported on July 29 that Warsh

Bitcoin Briefly Falls Below $64,000

Bitcoin briefly fell below the $64,000 mark. As of 3:32 a.m. on July 30, Bitcoin was trading at $63,892.57 on Binance's Tether market, up 0.32% from a day earlier.