JOON HYOUNG LEE

BlackRock Cuts IBIT In-Kind Creation Minimum to $1 Million From $25 Million

BlackRock, the world’s largest asset manager, has sharply lowered the minimum amount required to convert Bitcoin into shares of its exchange-traded fund. Bloomberg reported on August 25 that BlackRock last month cut the minimum transaction size for i

Term Labs Loses $8.5 Million in Governance Hack, Investigation Ongoing

Term Labs, a decentralized finance protocol, suffered about $8.5 million in losses in a hack. BlockBeats reported on August 23 that blockchain security firm CertiK said the wallet tied to the Term Labs hacker held about 2,843 Ether and roughly 1.6 mi

This Week’s Key Economic and Crypto Events: Jackson Hole Meeting Ahead

<Key Economic Events This Week> ▶︎Monday, Aug. 24: ▶︎Tuesday, Aug. 25: △ BOJ core CPI (2 p.m. Korea time, 12 a.m. U.S. time) △ U.S. ADP weekly employment change report (9:15 p.m. Korea time, 7:15 a.m. U.S. time) △ U.S. August Conference Board consume

Bitcoin Hashprice Jumps 20.4% in Four Days to $38.29 per PH/s

Bitcoin hashprice, a gauge of miner profitability, has surged more than 20% over the past four days. Odaily reported on Aug. 23 that Bitcoin hashprice rose to $38.29 per PH/s on Aug. 22 from $31.80 per PH/s on Aug. 18, an increase of about 20.4% over

Hyperliquid Weekly Revenue Jumps to $16.93 Million, Up 196% From Prior Week

Hyperliquid, a global decentralized exchange, posted nearly triple the revenue this week compared with the prior week. BlockBeats, citing DefiLlama data on Aug. 23, reported that Hyperliquid's cumulative revenue for the week reached $16.93 million. T

US Banks Urge Regulators to Tighten KYC Rules for Stablecoin Secondary Markets

U.S. banks have urged regulators to apply know-your-customer requirements to the secondary market for stablecoins, including crypto exchanges. Bitcoin.com reported on Aug. 23 that the Bank Policy Institute recently submitted a comment letter to the F

Alibaba to Raise $10.2 Billion in Hong Kong Share Sale for AI Investment

Alibaba Group Holding Ltd. plans to raise HK$80 billion, or about $10.2 billion, in Hong Kong through a new share sale to step up investment in artificial intelligence. BlockBeats and other outlets reported on August 23 that Alibaba announced the fun

Eric Trump Denies New Token Launch, Says Claims Are ‘Completely Untrue’

Eric Trump, the second son of US President Donald Trump, denied reports that the Trump family is preparing to launch a new token. In a post on X on Aug. 22, Eric Trump called the claim "completely untrue." He added that "nobody is launching any coin

Bitcoin Long Liquidations May Reach $1.09 Billion if Price Drops Below $75,000

Bitcoin could face a large wave of long-position liquidations if the token falls below $75,000. BlockBeats, citing CoinGlass data on August 23, reported that cumulative long liquidations across major centralized exchanges would total $1.085 billion i

Coinbase Bitcoin Discount to Binance Extends to Record 97 Days

Coinbase's bitcoin price has traded below Binance for 97 straight days, extending a so-called reverse premium to a record streak. Odaily reported on Aug. 23 that the Coinbase Bitcoin Premium Index stayed in negative territory for 97 consecutive days

Corporate Accounts at South Korea’s Top Five Crypto Exchanges Surpass 6,000, Holdings Reach $3.2 Million

Corporate accounts registered with South Korea’s five largest cryptocurrency exchanges have surpassed 6,000. Data submitted by the Financial Supervisory Service to Democratic Party lawmaker Park Sang-hyuk of the National Assembly’s Political Affairs

Wintermute Transfers $57 Million in Solana and Bitcoin to Exchanges, Fueling Sale Speculation

Global crypto market maker Wintermute transferred nearly $60 million worth of Bitcoin and Solana to centralized exchanges. Odaily reported on Aug. 23 that Wintermute deposited about 169.5 Bitcoin to Binance, worth about $13.1 million at current price

Official Trump Team Deposits $15.5 Million of TRUMP Tokens to OKX

The team behind President Donald Trump’s meme coin Official Trump, or TRUMP, deposited a large amount of the token to an exchange. Lookonchain and other sources said the Official Trump team transferred about 646,000 TRUMP tokens to global cryptocurre

Standard Chartered Sees Bitcoin Rising to $126,000 on ETF Inflows, Short Liquidations

Bitcoin could climb to as high as $126,000 as inflows into spot exchange-traded funds and the liquidation of large short positions fuel the rally. Odaily reported on Aug. 23 that Geoffrey Kendrick, Standard Chartered's global head of digital assets r

Strategy’s Unrealized Bitcoin Gain Nears $1.72 Billion

Strategy, the world’s largest corporate Bitcoin holder, is sitting on nearly $1.72 billion in unrealized gains on its Bitcoin investment. BlockBeats reported on Aug. 22 that the unrealized gain on Strategy’s Bitcoin holdings stood at about $1.719 bil

Iran Approves Strait of Hormuz Passage for Iraqi Tankers

Iran has approved the passage of Iraqi tankers through the Strait of Hormuz. The Times of Israel, citing Iran’s state news agency IRNA, reported on Aug. 22 that Tehran had granted special permits to several Iraqi tankers to transit the strait. The Ir

Bitdeer Mines 265.6 Bitcoin This Week, Sells Entire Haul

Bitdeer Technologies Group, the Nasdaq-listed Bitcoin miner, said it mined 265.6 Bitcoin this week and sold all of it. The company disclosed in a post on X on Aug. 22 that it had mined 265.6 Bitcoin during the week. It sold the entire amount. Bitdeer

Bitcoin Drop Triggers $529 Million in Crypto Futures Liquidations in One Hour

More than $500 million of positions were liquidated in the cryptocurrency futures market over the past hour as Bitcoin prices declined. BlockBeats and other outlets reported on August 22 that liquidations in the crypto perpetual futures market totale

Coinbase CEO Armstrong Says Bitcoin May Be Near a Bull Market

Coinbase Chief Executive Officer Brian Armstrong said the cryptocurrency market may be on the verge of a new upswing. Armstrong told CNBC on Aug. 20 that “there’s a very good chance we’re standing at the threshold of the next bull market.” He identif

Hanwha Asset Management in Talks With Ripple, Canary Capital on Digital-Asset Partnership

Hanwha Asset Management is setting up a cooperation framework with Ripple, the issuer of XRP, and U.S. asset manager Canary Capital as it pushes further into the cryptocurrency market. Industry officials said on Aug. 20 that Hanwha Asset Management h

ICE Weighs Additional Investment in Polymarket at Valuation Above $20 Billion

Intercontinental Exchange Inc., the parent of the New York Stock Exchange, is considering an additional investment in global prediction-market platform Polymarket. Chief Executive Officer Jeff Sprecher told Bloomberg TV on Aug. 20 that ICE would be o

CFTC Chair Says Agency Will Draft Crypto Rules With or Without Clarity Act

Michael Selig, chairman of the US Commodity Futures Trading Commission, said the agency will develop a regulatory framework for the crypto industry whether or not Congress passes the market structure bill known as the Clarity Act. Odaily and other ou

Optimism Reallocates 546.9 Million OP Tokens to Foundation Fund, Equal to 12.7% of Supply

Optimism will reallocate $50 million worth of OP tokens previously reserved for user airdrops to an ecosystem fund managed by the foundation. CoinDesk reported on Aug. 20 that Optimism governance approved a proposal to redesignate 546.9 million token

US Initial Jobless Claims Fall to 206,000, Below Forecast

U.S. initial jobless claims came in slightly below market expectations last week. The Labor Department said on August 20 that initial jobless claims totaled 206,000 last week. That was 4,000 below economists' forecast of 210,000 and down 6,000 from t

Saudi State-Owned Gulf International Bank Holds 19,842 Strategy Shares Worth $2.3 Million

Gulf International Bank, a Saudi state-owned lender, holds a stake in Strategy valued at about $2.3 million. BitcoinTreasuries.net data as of Aug. 20 showed the bank owned 19,842 shares of Strategy, worth about $2.27 million at the current share pric

Bitcoin Tops $72,000; Ether Surges Past $2,300

Bitcoin traded above $72,000, while Ether climbed past $2,300. According to CoinMarketCap, Bitcoin was trading at $72,132.7 as of 5:38 p.m. on August 20 in South Korea, up 11.89% from a day earlier. It was up 13.81% from a week earlier. Ether traded

OKX Restricts Claude Access for Hong Kong Staff After Account Suspension

Global cryptocurrency exchange OKX has restricted access to Claude for employees based in Hong Kong and those traveling in China, Bloomberg reported on August 20. Earlier this month, OKX stopped providing the service to employees in Hong Kong shortly

X Weighs Paying Creators in Stablecoins, Including Circle’s USDC

Elon Musk’s social media platform X is weighing a plan to pay creators and other content providers on the platform in stablecoins. CoinDesk reported on August 20, citing people familiar with the matter, that X is internally reviewing a proposal to di

Pump.fun Foundation Holds Nearly $2 Billion in Reserves, No Solana

Pump.fun’s foundation holds reserve assets of nearly $2 billion, according to Wu Blockchain. Pump.fun co-founder Noah Tweedale said in a recent interview that the Pump Foundation has about $2 billion in reserves, Wu Blockchain reported on August 20.

BSC Meme Coin Niu Lai Tops $50 Million in Market Value, Hits Record High

BNB Smart Chain-based meme coin Niu Lai's market capitalization climbed to a record high. Odaily and other outlets reported that Niu Lai surged more than 25% from a day earlier on Aug. 20. The rally pushed its market value above $50 million, an all-t