JH Kim

The three major U.S. stock indices closed lower. On the 14th, the Nasdaq Composite Index finished at 19,406.83 points, down 1.30% from the previous day. The Dow Jones Index closed down 1.79% at 42,197.79 points, while the S&P 500 Index ended down 1.12% at 5,977.57 points.

According to DL News on the 13th (local time), the global cryptocurrency exchange Coinbase is reportedly planning to integrate a decentralized exchange (DEX) into its mobile app. Initially, support will begin with a DEX based on its own blockchain, ‘Base’, and other blockchains will be supported sequentially in the future.

Matthew Sigel, Head of Digital Assets Research at VanEck, analyzed that a significant number of smallcap companies—those with low market capitalization—which claim to purchase hundreds of millions of dollars worth of tokens, are likely engaging in 'pump and dump' schemes intended to artificially inflate prices. In an interview with cryptocurrency-focused media The Block on the 13th (local time), he said, "If the market capitalization is extremely low and information about new major investors is not disclosed, I believe it's a scam."

Donald Trump, President of the United States, remarked that Israel's airstrike on Iran could actually have a positive effect on negotiations regarding the Iran nuclear deal. According to CNN on the 13th (local time), President Trump said, "I don't think (the airstrike) will have a negative impact on the talks," and added, "On the contrary, it could be the opposite. Now Iran may seriously come to the negotiating table." President Trump recalled that previous talks with Iran failed to conclude within 60 days, stating, "We came close to an agreement, but they missed the opportunity. However, now there is a possibility." Meanwhile, President Trump avoided giving specific details when asked whether he had spoken on the phone with Israeli Prime Minister Benjamin Netanyahu that day.

According to CNN on the 13th (local time), the Israeli military announced, "It has been confirmed that a missile was launched toward Israel from Yemen, and we are currently taking action to intercept it." The Houthi rebels in Yemen are known as one of Iran's strategic proxy forces, and reportedly have carried out long-range provocative acts against Israel.

According to CNN on the 13th (local time), Donald Trump, the President of the United States, said in a phone interview with Reuters on this day, "The existence of Iran's nuclear program is uncertain after Israel's airstrike," and added, "I cannot be sure if the scheduled Sunday meeting between the United States and Iran will actually take place." President Trump stated, "I knew everything, and I tried very hard to help Iran avoid humiliation and destruction. I sincerely hoped the negotiations would succeed," stressing, "It is not too late yet, and negotiations are still possible." In another phone interview with NBC News, he said, "Iran could have another chance to make a nuclear deal," and asserted, "They have reached out to me from their side."

According to The Block, a cryptocurrency-focused media outlet, on the 13th (local time), the U.S. Securities and Exchange Commission (SEC) announced that it had appointed four senior officials in total, including two with experience in the digital asset sector. This is interpreted as another sign that SEC Commissioner Paul Atkins is taking a more crypto-friendly approach. With this personnel change, Jamie Selway will be appointed as Director of the Trading and Markets Division starting from June 17, and Brian T. Daly will be appointed as Director of the Investment Management Division starting from July 8.

According to CoinDesk, a cryptocurrency-focused media outlet, on the 13th (local time), J.P. Morgan stated in a recent report that the number of virtual asset companies pursuing IPOs (initial public offerings) in the U.S. is increasing, driven by expectations that the regulatory environment will ease. As a result, venture capital (VC) fundraising is also expanding. J.P. Morgan specifically explained that, especially this year, the number of virtual asset companies seeking IPOs has reached a level similar to that of the bull market in 2021. Meanwhile, leading virtual asset companies such as Ripple, Kraken, ConsenSys, and Bullish are preparing for IPOs this year.

According to The Block, a cryptocurrency-focused media outlet, on the 13th (local time), Alex Andryunin, the founder of the crypto market maker Gotbit, who was indicted in the United States for wire fraud and conspiracy to commit market manipulation, admitted to money laundering involving millions of dollars and was sentenced to 8 months in prison. U.S. prosecutors previously stated that Gotbit manipulated the trading volume of multiple crypto projects from 2018 to 2024, enabling their tokens to get listed on major crypto exchanges.

According to Cointelegraph, a cryptocurrency-focused media outlet, on the 13th (local time), optimism over the easing of cryptocurrency regulations in the United States is spreading, and at least 31 altcoin exchange-traded fund (ETF) applications have been submitted to the U.S. Securities and Exchange Commission (SEC) during the first half of this year. Cryptocurrency analysts expect at least 10 of these to be approved by the SEC, which is also raising the possibility of the onset of an altcoin season.

The three major U.S. stock indices are showing a downward trend. The Nasdaq Composite Index is trading at 19,502.29 points as of 00:20 on the 14th, down 0.82% from the previous day. The Dow Jones Index is down 1.16% at 42,468.14 points, while the S&P 500 Index is down 0.66% at 6,005.19 points.

According to the Israel Times on the 12th (local time), U.S. President Donald Trump stated at a White House press conference that "an Israeli attack on Iran's nuclear facilities could actually occur" and emphasized that "an attack should be avoided as much as possible." President Trump said, "Currently, a nuclear deal between the United States and Iran is nearly finalized," adding, "If Iran gives up part of its nuclear ambitions, the deal could be concluded." He continued, "Iran must not possess nuclear weapons. Other than that, I wish Iran success," and added, "The United States is prepared to trade with Iran and do anything necessary." Recently, as the United States has begun withdrawing non-essential personnel and families from diplomatic missions and military bases throughout the Middle East, there has been talk of Israel potentially attacking Iran. Regarding this, President Trump said, "Prime Minister Netanyahu of Israel is reportedly considering an actual attack," warning that "such an attack could lead to a large-scale conflict." President Trump responded to questions about the possibility of an Israeli strike on Iran by saying, "I don't want to say immediately, but it seems entirely possible."

On the 12th (local time), Eleanor Terrett, the host of Crypto in America, reported via X (formerly Twitter) that the U.S. Securities and Exchange Commission (SEC) and Ripple Labs have requested the U.S. District Court for the Southern District of New York to suspend the lawsuit and return the fines. They proposed paying $50,000,000 of the $125,000,000 civil penalty currently held to the SEC, with the remainder to be returned to Ripple. Terrett explained, "This request appears to be part of an effort to settle the case, conclude the pending appeal, and avoid further legal proceedings between the parties."

According to SolidIntel on the 12th (local time), Howard Lutnick, the U.S. Secretary of Commerce, stated that 'it is highly likely that the tariff deferral measures on China will not be extended.'

The three major U.S. stock indexes closed higher. On the 13th, the Nasdaq Composite Index rose 0.24% from the previous day to close at 19,662.49 points. The Dow Jones Index gained 0.24% to end at 42,967.62 points, and the S&P 500 finished up 0.39% at 6,045.94 points.

Former US Treasury Secretary Janet Yellen warned that President Donald Trump's tariff policy could drive prices back up in the US and reduce household income. Appearing on CNBC's 'Money Movers' on the 12th (local time), Yellen said, "This year's annual inflation rate is expected to rise to at least 3% or more," adding, "This is due to the impact of tariffs." She emphasized, "It is still uncertain exactly how President Trump's tariffs will be implemented, but one thing is certain—they will affect prices." Yellen also projected, "Due to tariffs and their knock-on effects, average US household income could decrease by about $1,000." She added, "Depending on how tariffs are implemented, the scale of the damage could be even greater." Meanwhile, Yellen served as chair of the Fed from 2014 to 2018.

On the 12th (local time), according to CoinDesk, a media outlet specializing in cryptocurrency, Coinbase Research offered an optimistic outlook for the cryptocurrency market in the second half of this year through a report. The report stated, "Improvements in macroeconomic prospects and enhanced regulatory clarity will be key drivers for the activation of the cryptocurrency market," adding, "In particular, if the stablecoin regulation 'GENIUS Act' and the cryptocurrency market structure bill (CLARITY Act), both pending a final vote in the U.S. Congress, are passed, a clear regulatory environment will be established for both issuers and investors."

According to Bloomberg on the 12th (local time), U.S. President Donald Trump stated that he does not plan to dismiss Jerome Powell, Chair of the Fed. However, he again stressed the need for an interest rate cut. At a White House event, President Trump said, "Fake news is making a fuss, saying 'If Powell is fired, something very bad will happen.' I don't know why it would be bad, but I am not going to fire him." He continued, "If he cuts rates, the market will revive and the U.S. economy will grow explosively. I hope Chair Powell lowers rates," he added. Previously, President Trump mentioned that he would soon announce a nominee for the next Fed chair.

The Depository Trust & Clearing Corporation (DTCC) is reportedly considering issuing a stablecoin. The aim is to increase the utility of digital assets. On the 12th (local time), Binance News, citing a report from Odaily, stated, "DTCC, the key institution responsible for securities settlement in the United States, is exploring the possibility of issuing a stablecoin." According to the report, if relevant legislation passes in Washington, DTCC plans to officially pursue the issuance of its own stablecoin. The stablecoin is expected to accelerate the use of digital assets across various financial markets. Meanwhile, DTCC, which handles settlement and clearing for U.S. stock markets, has continued to seek ways to interface with blockchain technology.

The three major U.S. stock indices are showing an upward trend. As of 00:16 on the 13th, the NASDAQ Composite Index is trading at 19,676.29 points, up 0.31% from the previous day. The Dow Jones Index is up 0.03% at 42,879.01 points, and the S&P 500 Index is currently up 0.31% at 6,040.70 points.

The three major U.S. stock indexes closed mixed. On the 12th, the NASDAQ Composite Index recorded 19,615.88 points, down 0.50% from the previous day. The Dow Jones Industrial Average ended at 42,865.77 points, and the S&P 500 Index closed at 6,024.67 points, down 0.23%.

According to CoinDesk, a media platform specializing in cryptocurrencies, on the 11th (local time), although 1 year and 6 months have passed since the launch of the Bitcoin (BTC) spot exchange-traded fund (ETF), financial advisors are still hesitant to recommend virtual asset investments to their clients. Gary O'Shea, Head of Global Market Analysis at Hashdex, a virtual asset management company, explained, "Most financial advisors are not recommending their clients to include BTC or other virtual assets in their portfolios." He added, "Some advisors are actively considering and recommending virtual asset investments, but this is extremely limited," and "there are still significant concerns about high volatility, energy consumption, and the potential for criminal misuse."