JOON HYOUNG LEE

Plaee CEO Calls Prediction Markets a ‘P2P Financial Market,’ Sees $1 Trillion in Volume by 2030 [Coin Interview]

"Prediction markets are expanding the range of things that can be priced. In that they turn collective expectations into a real-time signal, they are closer to an information layer." Leon Okun, chief executive officer of Plaee, made the remarks in an

Nasdaq, 28 Firms Urge EU to Scrap Tokenization Cap or Raise It to at Least 1.5 Trillion Euros

Nasdaq, Boerse Stuttgart and other global finance and crypto industry participants are urging the European Union to scrap or expand the cap applied to its pilot regime for tokenized securities. CoinDesk reported on September 10 that 28 companies and

Kalshi Launches Gold, Silver Perpetual Futures After Securing CFTC Approval

U.S. prediction-market platform Kalshi has launched perpetual futures tied to gold and silver prices. CNBC reported on September 10 that Kalshi recently received approval from the Commodity Futures Trading Commission to list gold and silver perpetual

Coinbase, Moov to Offer Stablecoin Payment Infrastructure to More Than 1,000 US Regional Banks

Coinbase is partnering with payments infrastructure firm Moov to provide stablecoin infrastructure to US regional banks and other financial institutions. Coinbase said on Sept. 10 that it had entered into a partnership to integrate its stablecoin inf

ECB Raises Deposit Rate to 2.50%, Second Increase This Year

The European Central Bank raised all three of its key policy rates. After a monetary policy meeting in Berlin on September 10, the ECB said it would raise the deposit rate by 25 basis points to 2.50% from 2.25%. The deposit rate is now at its highest

Cumberland Accumulates PONS, Buying $6.55 Million in a Week

Crypto market maker Cumberland has been accumulating PONS. Lookonchain said on Sept. 10 that a wallet linked to Cumberland bought PONS every day over the past week. The wallet also withdrew about 8.5 million PONS from crypto exchange Gate during that

Bitcoin Falls Below $77,000; Kimchi Premium at 1.55%

Bitcoin fell below $77,000. CoinMarketCap data showed Bitcoin trading at $76,846.97 as of 9:58 p.m. Korea time on September 10, down 3.45% from a day earlier. The token was down 2.37% from a week earlier. The kimchi premium remained in the 1% range.

US Weekly Jobless Claims at 206,000, Slightly Above Forecast

U.S. initial jobless claims came in slightly above market expectations last week. The Labor Department said on September 10 that initial jobless claims totaled 206,000 last week. That was 1,000 above economists’ forecast of 205,000 and 1,000 below th

US August PPI Rises 0.4% From Prior Month, Matching Estimates

U.S. producer prices rose in August in line with market expectations. The Labor Department said on September 10 that the producer price index rose 0.4% from the previous month. That matched economists’ forecast for a 0.4% increase. The reading was 0.

Polymarket Names First CFO in Push to Catch Kalshi, Accelerate Fundraising

Polymarket, the global prediction-market platform, has appointed its first chief financial officer to oversee the company’s finances. Bloomberg reported on September 10 that Polymarket had hired Warren Jenson as its new CFO. He began the role this we

Nasdaq to Invest $100 Million in Kraken Parent Payward at $21 Billion Valuation

Nasdaq plans to invest $100 million in Payward, the parent company of U.S. cryptocurrency exchange Kraken. Bloomberg reported on September 10, citing people familiar with the matter, that Nasdaq's venture investment arm recently decided to make the i

Unicoin Sues Uniswap Labs Over Trademarks, Seeks Cancellation of UNI Registration

Crypto project Unicoin has filed a trademark lawsuit against Uniswap Labs, the developer of decentralized exchange Uniswap. Cointelegraph reported on September 9 that TransparentBusiness, the operator of Unicoin, filed the suit against Uniswap Labs i

BOJ Hawk Says Rates Should Rise Quickly as Markets Bet on Hike Next Week

A hawkish Bank of Japan policy board member said additional rate increases are needed. BlockBeats and other outlets reported on September 10 that BOJ board member Kazuyuki Masu told a meeting Japan is no longer in deflation and that negative real int

Singapore Exchange to Open Bitcoin, Ether Perpetual Futures to US Institutions

Singapore Exchange will offer US institutional investors access to Bitcoin and Ether perpetual futures as early as next month. BlockBeats and other outlets reported on Sept. 10 that SGX recently secured approval from the Commodity Futures Trading Com

Coinbase CEO Says Stablecoin Payments Will Be a Key Growth Driver

Coinbase, the U.S. cryptocurrency exchange, said its stablecoin business will be a major growth driver in the years ahead. Brian Armstrong, Coinbase’s chief executive officer, told Bloomberg in an interview on Sept. 10 that stablecoin payments would

South Korea’s Digital-Asset Industry Urges Delay to Crypto Tax, Calls for Review of Rollout Timing

South Korea’s digital-asset industry is calling for a delay to virtual-asset taxation scheduled to take effect early next year, saying there is too little time to prepare and that the implementation schedule should be reconsidered. According to indus

Morgan Stanley Initiates Coinbase Coverage With Neutral Rating, $250 Price Target

Morgan Stanley has initiated coverage of U.S. cryptocurrency exchange Coinbase with a $250 price target. Odaily reported on September 10 that Morgan Stanley assigned Coinbase a neutral rating and set a $250 target price. This marks the bank’s first t

Canary Capital Launches First U.S. Spot Staking ETF for Tron

Canary Capital, a U.S. asset manager, has launched the first U.S. spot staking exchange-traded fund for Tron (TRX). Cointelegraph reported on September 9 that Canary Capital launched the Canary Staking TRX ETF, or TRXS. The ETF is designed to provide

Consensys to Split MetaMask and Institutional Business Into Two Companies

Consensys, an Ethereum infrastructure developer, is separating its retail business from its institutional operations. The company said on Sept. 9 it will rename its current legal entity MetaMask. That entity will operate the MetaMask cryptocurrency w

PayPal Launches Stablecoin Issuance Platform PYUSDx

Global payments company PayPal has launched a developer platform that enables companies to issue customized stablecoins. CoinDesk reported on September 8 that PayPal officially launched its stablecoin issuance platform, PYUSDx. The platform allows co

Wintermute Dumps Hunter Biden Meme Coin LAPTOP, Sells $2.08 Million Worth

Global crypto market maker Wintermute has begun a large-scale selloff of LAPTOP, the meme coin launched by Hunter Biden. Odaily reported on Sept. 9, citing on-chain analytics firm Lookonchain, that Wintermute has sold 466,255 LAPTOP tokens so far. Th

Hunter Biden-Linked Meme Coin LAPTOP Plunges 86.5% Within 30 Minutes of Launch

LAPTOP, a meme coin launched by Hunter Biden, son of former U.S. President Joe Biden, plunged shortly after trading began. Cointelegraph and other outlets reported on Sept. 9 that LAPTOP slumped 86.5% within about 30 minutes of its trading debut. Tra

FT: Iran Eases FX Rules to Use Crypto, Bitcoin to Evade U.S. Sanctions

Iran’s central bank has eased foreign-exchange rules to allow the use of cryptocurrencies including Bitcoin for trade settlement, in a move to bypass U.S. economic sanctions, the Financial Times reported on September 9. The Central Bank of Iran recen

China-Linked Meme Coin Niulai Jumps 40% on Binance Listing Announcement

China-linked meme coin Niulai jumped about 40% on news that it will be listed on global cryptocurrency exchange Binance. BlockBeats reported on September 9 that Niulai’s market capitalization surged to a record $147 million immediately after Binance

US Bank to Launch USBDC Stablecoin After Completing Stellar Test

US Bank is launching its own stablecoin. Walter Bloomberg reported on September 9 that the bank said it had successfully completed a test of its dollar stablecoin, USBDC, for real-time cross-border payments between its North American and European div

Germany Pushes 25% Tax on Crypto Gains, Earliest Rollout in 2028

Germany is pushing a plan to levy a 25% tax on gains from cryptocurrency trading. BlockBeats and other outlets reported on September 9 that a recent working-level draft on crypto taxation prepared by Germany’s Federal Ministry of Finance would classi

Plop CEO Arthur Hayes Says Platform to Launch KOL Referral Program

AI agent payment network Plop is launching a KOL referral program. Arthur Hayes, chief executive officer of Plop Labs, wrote on X on September 9 that the company is building a "KOL leaderboard" and will provide each KOL with a unique referral link. T

Bernstein Keeps Robinhood Price Target at $160, Sees $160 Million in Robinhood Chain Revenue Next Year

Bernstein maintained its $160 price target on U.S. stock-trading platform Robinhood. The Block reported on September 9 that Bernstein, in a client note on September 8, reiterated its Outperform rating on Robinhood and kept its price target at $160. R

Kaia to Burn 2.46 Million Tokens, or 98.5% of Unused CR Mission 1 Epoch 1 Budget

Kaia will burn about 2.46 million KAIA tokens left unused from its first Contribution Reward, or CR, mission. The Kaia Foundation said in an operating report released on September 9 for "CR Mission 1 Epoch 1" that it will burn 2,463,579 KAIA out of t

Lighter's LIT Surges 50% in a Week, Breaks Above $5.2 for Record High

LIT, the token of perpetual futures-focused decentralized exchange Lighter, climbed to a record high. CoinMarketCap data on Sept. 9 showed LIT jumping nearly 15% from a day earlier to above $5.2. It was the first time the token had surpassed the $5.2