JOON HYOUNG LEE

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

Gemini Wins Major Payment Institution License in Singapore, Expands Local Business

U.S. cryptocurrency exchange Gemini has obtained a Major Payment Institution license from the Monetary Authority of Singapore. Cointelegraph reported on September 9 that Gemini said it had formally secured the MPI license through its Singapore entity

Korea Exchange to Launch 4-to-8 p.m. After-Market Stock Session on Sept. 14

Stock trading in South Korea will be available until 8 p.m. from mid-September. Korea Exchange said on Sept. 9 that it will launch an after-market stock session on Sept. 14, operating for four hours from 4 p.m. to 8 p.m. The move follows the Financia

IoTrust Rebrands DCENT After Eight Years, Expands Into Premium and Institutional Digital-Asset Services

South Korean digital-asset wallet company IoTrust is rebranding its wallet brand DCENT. IoTrust said on September 8 it will change the wallet’s English brand name to “DCENT” from “D'CENT,” removing the apostrophe. The Korean brand name will remain un

“The Cycle Has Turned”: Bitcoin Faces a Decisive Month as It Holds Above $81,000

Bitcoin has extended its gains and established a foothold above $81,000, with on-chain indicators pointing to the start of a bullish cycle. The cryptocurrency’s next move may be determined by policy events scheduled for mid-September. According to Co

CFTC Seeks Dismissal of CME Suit Over Crypto Perpetual Futures

The Commodity Futures Trading Commission has asked a court to dismiss CME Group’s lawsuit over the regulator’s approval of cryptocurrency perpetual futures. The Block reported on Sept. 2 that the CFTC filed its motion to dismiss in the US District Co

Bitcoin Tops $80,000; Kimchi Premium at 1.37%

Bitcoin traded above $80,000. CoinMarketCap data showed Bitcoin changing hands at $80,196.66 as of 11:53 p.m. Korea Standard Time on September 3, up 3.93% from a day earlier. The token was up 0.02% from a week earlier. The kimchi premium stood in the

Abraxas Capital Adds 16,554 Ether, Maintains 120,178-ETH Short Position

Global asset manager Abraxas Capital has bought more Ether. Lookonchain said on Sept. 3 that Abraxas Capital added 16,554 Ether over the past 12 hours. The purchase was worth $39.8 million at current prices. The firm is also maintaining a large short

Bitcoin Tops $79,000; Kimchi Premium at 1.30%

Bitcoin traded above $79,000. CoinMarketCap data showed Bitcoin changing hands at $79,457.99 as of 11:26 p.m. on September 3 in Seoul, up 2.93% from a day earlier. The token was down 0.42% from a week earlier. The kimchi premium remained in the 1% ra

Securitize Signs Dubai VARA MOU to Support Tokenization Market

Securitize, a real-world asset tokenization platform, is partnering with Dubai’s Virtual Assets Regulatory Authority, or VARA, to help develop the tokenization market. Cointelegraph reported on September 3 that Securitize had signed a memorandum of u

SoFi, Kraken Tie Banking Rails to Crypto Infrastructure for 24/7 Dollar Settlement

SoFi Technologies is partnering with Payward, the operator of crypto exchange Kraken, to connect bank payment rails with digital-asset trading infrastructure. The company said September 3 it had entered a strategic partnership with Payward to link ba

Swiss Bitcoin Service Pocket Bitcoin Reports Data Breach Affecting More Than 5,400 Users

Swiss-based Bitcoin trading service Pocket Bitcoin has disclosed a data breach affecting more than 5,400 users. Odaily reported on September 3 that personal data from more than 5,400 users was exposed last month. The leaked information included email

US Initial Jobless Claims Rise to 206,000, Slightly Above Forecast

U.S. initial jobless claims edged above market expectations last week. The Labor Department said on September 3 that initial claims for unemployment benefits totaled 206,000 last week. That was 1,000 above economists’ forecast of 205,000 and 2,000 hi