JOON HYOUNG LEE

Ethena Unveils Ecosystem Overhaul, Pushes Expanded ENA Buybacks

Ethena Foundation Buys Out Seed Investors’ Token Holdings Remaining Unlocks to End in a One-Time October Release Vote Underway on Fee Switch Foundation Says Revenue Would Fund Buybacks if Approved Stablecoin protocol Ethena said on Aug. 27 that it is

Charles Schwab to Add SOL, AVAX, LINK Trading on Crypto Platform

Charles Schwab Corp., the US financial services firm that oversees $13 trillion in assets, is expanding the range of cryptocurrencies available through its trading service. The company said Aug. 27 that it plans to add spot trading in three more toke

Moonwell Suffers $8.7 Million Hack on Base, Halts New Loans

Moonwell, a decentralized finance lending protocol, suffered an $8.7 million hack on the Base network. Crypto Briefing reported on August 27 that the recent attack hit Moonwell on Base, causing losses of $8.7 million. The attacker allegedly manipulat

Solana Issuance-Cut Proposal Clears Quorum With Wide Lead for Yes Votes

A governance proposal to reduce new SOL issuance has cleared the quorum required for a vote. BlockBeats and other outlets reported on Aug. 27 that voter participation on proposal SGP-0002 stood at 33.84% as of that day, enough to meet the threshold f

US Weekly Jobless Claims Fall to 203,000, Below Forecast

US initial jobless claims came in slightly below market expectations last week. The Labor Department said on August 27 that initial jobless claims totaled 203,000 last week. That was 5,000 below economists' forecast of 208,000 and down 4,000 from the

Ripple Prime Launches ‘Delta One’ as It Expands Into Equities Trading

Ripple, the company behind XRP, is making a push into stock trading as it expands beyond crypto into traditional finance. Bloomberg reported on August 27 that Noel Kimmel, president of Ripple Prime, the company’s prime brokerage unit, said its Delta

Coincheck Becomes Japan’s Second Registered Stablecoin Operator, to Expand USDC Services

Japanese crypto exchange Coincheck has become the second company in Japan to complete registration as a stablecoin operator. Coincheck announced on Aug. 27 that it had completed registration for electronic payment instruments transaction services in

Bitcoin Tops $80,000; Kimchi Premium at 0.05%

Bitcoin traded above $80,000. CoinMarketCap data showed Bitcoin changing hands at $80,088.71 as of 7:02 p.m. on August 27, up 2.01% from a day earlier. The cryptocurrency has gained 11.6% over the past week. The kimchi premium stayed in zero territor

U.K. to Require BOE to Support Stablecoin, Digital Payments Innovation

The U.K. government plans to give the Bank of England a legal duty to support innovation in stablecoins and other forms of digital money. The Financial Times reported on Aug. 27 that the U.K. Treasury has decided to amend the Financial Services and M

Justin Sun Says Bitcoin’s Shift to Quantum Resistance Will Take Significant Time; Tron Targets Upgrade This Year

Building consensus across the Bitcoin ecosystem on how to respond to quantum-computing risks will take significant time, according to Justin Sun. BlockBeats and other outlets reported on Aug. 27 that the Tron founder made the remarks at the Bitcoin A

BofA Maintains Buy Rating on SK Hynix, Keeps ADR Target at $250

Bank of America maintained its buy rating on SK Hynix, according to ODaily and other media reports on August 27. The firm also kept its price target for SK Hynix American depositary receipts at $250. The ADRs closed at $158.02 that day, down 0.95% fr

CZ Says Bitcoin Will Overtake Gold in Importance

Changpeng Zhao, the Binance co-founder known as CZ, said Bitcoin will become a more important asset than gold over time. BlockBeats and other outlets reported that Zhao made the remarks at the Bitcoin Asia 2026 conference in Hong Kong on Aug. 27. "I

Upbit 24-Hour Trading Volume Nears $1.41 Billion, Up 11% From Day Earlier

Upbit, South Korea’s largest cryptocurrency exchange, recorded nearly $1.41 billion in trading volume over the past 24 hours. Dunamu said on August 27 that Upbit’s trading volume for the latest 24-hour period stood at about 1.97 trillion won, or roug

Bithumb Wins First-Round Suit Over Sale of Mistakenly Credited Bitcoin

South Korean cryptocurrency exchange Bithumb won a first-instance lawsuit against a user who sold Bitcoin mistakenly credited during a promotional event in February. Judge Kim Yu-seong of the Seoul Central District Court on Aug. 27 ruled in favor of

JPMorgan Raises Nvidia Price Target to $320 From $280 After Earnings Beat

JPMorgan raised its price target on Nvidia after the chipmaker posted better-than-expected quarterly results. BlockBeats and other outlets reported on Aug. 27 that JPMorgan lifted its target price to $320 from $280, an increase of about 14.3%. Nvidia

SEC Seeks Broad Overhaul of Crypto Custody Rules

The U.S. Securities and Exchange Commission is moving to modernize cryptocurrency custody rules for investment advisers, asset managers and other firms. Bloomberg reported on August 26 that the SEC submitted a proposal to the White House Office of Ma

Korea Financial Regulator Reassigns Official Leading Digital Asset Basic Act Work

South Korea’s financial authorities have reassigned the official who had been leading work on the government’s Digital Asset Basic Act. The Financial Services Commission on Aug. 26 carried out personnel changes for eight division director-level offic

DigitalX to Add RWA, STO Products as Park Targets Profit in 2027

DigitalX, a South Korean crypto exchange, plans to expand its product lineup to include real-world assets, or RWA, and security tokens, or STO. It is also targeting a return to profit next year. Mirae Asset Group said Aug. 26 that it held an event fo

Hyperliquid Urges CFTC to Permit Energy Perpetual Futures

The Hyperliquid Policy Center, or HPC, the policy arm of global decentralized exchange Hyperliquid, has asked US regulators to allow trading in energy perpetual futures. HPC said Aug. 26 that it jointly submitted a comment letter with perpetual futur

Dallas Fed Says Tokenized Deposits Could Cut US Banks’ Lending Capacity by Up to $700 Billion

Wider adoption of tokenized deposits could reduce US banks’ lending capacity by as much as $700 billion, according to a Dallas Fed analysis. CoinDesk reported on August 25 that the Federal Reserve Bank of Dallas said in a recent report that tokenizat

US July PCE Inflation Rises 3.7% From Year Earlier, Slightly Above Forecast

The US personal consumption expenditures price index rose slightly more than expected in July, while core inflation matched forecasts. The Commerce Department's Bureau of Economic Analysis said Aug. 26 that the headline PCE price index increased 3.7%

Mirae Asset’s Park Warns Against Borrowing to Buy Crypto, Says Limit It to 10%

Park Hyeon-joo, chairman of Mirae Asset Group and its global strategy officer, warned against using borrowed money to invest in cryptocurrencies, saying investors should limit such holdings to about 10% of their total assets. Park made the remarks on

CZ Says US Recognition of Hyperliquid Could Broaden DeFi Market

Changpeng Zhao, the Binance co-founder known as CZ, said legal recognition of global decentralized exchange Hyperliquid in the US could significantly expand the decentralized finance industry. Odaily and other outlets reported on August 26 that Zhao

Japan Pushes On-Chain Settlement Network for Stocks, JGBs, Targets Early 2030s Launch

Japan is moving to build infrastructure that would allow stocks and Japanese government bonds, or JGBs, to be traded in real time on blockchain. CoinDesk reported on Aug. 26 that Japan’s Financial Services Agency, the Finance Ministry and the Bank of

Revolut Launches Euro Stablecoin EURR in Three EU Countries

Revolut has launched a euro-denominated stablecoin in three European Union countries. Cointelegraph reported on August 25 that Revolut rolled out its euro stablecoin, EURR, in Denmark, Poland and Portugal. The company plans to expand the service to o

$6.4 Billion in Bitcoin Options Set to Expire Friday, With $80,000 a Key Level

Bitcoin options worth $6.4 billion are due to expire on Friday. BlockBeats reported on August 26 that about 81,700 Bitcoin option contracts on crypto derivatives exchange Deribit will expire at 5 p.m. Korea time on August 28. That total includes abou

Robinhood Chain Daily RWA Trading Volume Tops $85 Million for Record High

Daily trading volume in real-world assets on Robinhood Chain, the proprietary blockchain of US stock trading platform Robinhood, rose above $85 million. Odaily reported on August 26 that daily RWA trading volume on Robinhood Chain totaled about $85.1

Hyperliquid to Buy Back Tokens With Circle Reserve Income, First Burn Due Oct. 3

Hyperliquid, a global decentralized exchange, will buy back and burn its own token using income generated from Circle's USDC reserves. Wu Blockchain and other outlets reported on Aug. 26 that Hyperliquid had applied the AQAv2, or Aligned Quote Asset

Yoo Dong-soo Urges Bipartisan Talks on Hearing for Digital Asset Framework Act

Yoo Dong-soo, chair of the National Assembly's Political Affairs Committee and a Democratic Party lawmaker, said on Aug. 26 that the committee's senior members from the two major parties should work out plans for a public hearing on the Digital Asset

Wintermute Cuts Hyperliquid Short Position to $80.48 Million From $211.53 Million

Global crypto market maker Wintermute reduced its short position by about $130 million. Onchain Lens said on Aug. 26 that Wintermute recently cut its short position on decentralized exchange Hyperliquid to $80.48 million from $211.53 million. As of A