JOON HYOUNG LEE

Bybit’s SpaceX Tokenized IPO Subscription to Close June 11

Bybit’s subscription period for a tokenized initial public offering tied to SpaceX will close on June 11. The subscription, available through Bybit IPO Express, is scheduled to end on June 11, according to BlockBeats and other outlets on June 10. Byb

Kospi Closes Down 4.52%, Gives Up 8,000 Level After One Day

South Korea’s Kospi reversed course and plunged after just one day. The benchmark index closed at 7,730.82 on June 10, down 4.52% from the previous session. It fell more than 6.8% at one point during the session and dropped to the 7,540 range. The Ko

Sahara AI Says Bridge Liquidity Restored After Token’s 50% Plunge

Sahara AI said it has restored liquidity in its bridge pool following recent volatility in its token price. In a post on its official X account on June 10, Sahara AI said it had replenished Ethereum-side liquidity in its Cross-Chain Interoperability

Solstice Partners With ApexE3, Tensorix to Enter Sovereign AI Finance

Solstice, a Solana-based on-chain credit and treasury management platform, is entering the sovereign artificial intelligence infrastructure finance market. The company said on June 8 that it had partnered with ApexE3 and Tensorix to expand into sover

Tom Lee Sees Ethereum at $250,000, Bigger Than US Treasury Market

BitMine Chairman Tom Lee said Ethereum could climb above $250,000. CoinDesk and other outlets reported on June 4 that Lee, speaking at the Proof of Talk conference in Paris on June 3, set a long-term price target of $250,000 for Ethereum. He said tha

SpaceX Releases IPO Roadshow Video, Targets 70% Gross Margin

SpaceX, the rocket and satellite company led by Elon Musk, has released a video for its initial public offering roadshow. BlockBeats and other outlets reported on June 4 that SpaceX published a roughly 17-minute IPO roadshow video that day. Chief Fin

Hezbollah Rejects Israel-Lebanon Ceasefire, Says Resistance Will Continue

Hezbollah, the Iran-backed Lebanese militant group, rejected a ceasefire agreement between Israel and Lebanon and demanded a full withdrawal of Israeli forces. Reuters reported on June 4 that Hezbollah chief Naim Qassem, in a statement broadcast on t

Bitcoin Holds Above $64,000; Kimchi Premium at -2.64%

Bitcoin traded above $64,000. CoinMarketCap data showed Bitcoin changing hands at $64,407.44 as of 11:13 p.m. on June 4 in South Korea, down 3.37% from a day earlier. It was 11.48% lower than a week earlier. The kimchi premium stayed in negative terr

Coinbase to Launch SpaceX Pre-IPO Perpetual Futures With 24-Hour Trading

Coinbase, the US cryptocurrency exchange, will launch pre-IPO perpetual futures that let investors trade on the value of private companies. The company announced on June 4 that it will introduce pre-IPO perpetual futures contracts, with SpaceX as the

Coinbase Says First Fannie Mae-Backed Bitcoin Mortgage Closed in US, Nationwide Expansion Planned This Summer

The first Bitcoin-backed home mortgage in the US has been closed. Coinbase said in a post on its official X account on June 4 that the first Fannie Mae-backed mortgage tied to Bitcoin had been completed in the US. Fannie Mae is one of the country's t

Saylor Says Bitcoin Fundamentals Remain Intact as AI Capital Rotation Pressures Price

Michael Saylor, executive chairman of Strategy, said Bitcoin’s recent decline reflects a rotation of capital into artificial intelligence investments. In a post on X on June 4, Saylor wrote that capital markets are funding AI infrastructure on a hist

US Weekly Jobless Claims Rise to 225,000, Exceed Forecasts

US initial jobless claims rose above market expectations last week. The Labor Department said June 4 that initial claims for unemployment benefits totaled 225,000 last week. That was 11,000 higher than economists’ forecast of 214,000 and up 13,000 fr

Futu’s Moomoo Partners With Kalshi to Expand Into Prediction Markets

Moomoo, the trading platform owned by Chinese fintech company Futu, is entering the prediction markets business through a partnership with Kalshi. CoinDesk reported on June 4 that Moomoo had teamed up with Kalshi to offer eligible users access to eve

JPMorgan Says Odds of Clarity Act Passing Congress This Year Have Diminished

JPMorgan said the chances of the US crypto market structure bill known as the Clarity Act passing Congress this year have diminished. CoinDesk reported on June 3 that JPMorgan said in a report the bill is unlikely to clear Congress this year. The ban

Israel Says It Will Continue Strikes in Lebanon Despite Ceasefire Deal

Israel said it will continue striking Lebanon despite a recent ceasefire agreement. Reuters reported on June 4 that Israeli Defense Minister Israel Katz said Israel would keep up attacks on Lebanon for the time being and would not withdraw from south

Korea Investment & Securities Seeks to Build In-House STO Platform

Korea Investment & Securities is seeking to build its own security token offering, or STO, platform. The brokerage recently sent a request for proposals to major service providers to build the platform, according to Maeil Business Newspaper and other

Coinbase, SpaceX Join US Justice Department Operation Freezing $3.8 Million in Crypto

The U.S. Department of Justice has joined with private companies to crack down on fraud networks based in Southeast Asia. The Block reported on June 3 that the Justice Department said it froze $3.8 million in cryptocurrency tied to fraudulent activit

Goldman Sachs to Tokenize Real Estate Fund With Apex Group, Archax

Goldman Sachs is moving ahead with plans to tokenize a real estate fund. CoinDesk reported on June 4 that Goldman Sachs announced the project with asset manager Apex Group and crypto exchange Archax. Blockchain infrastructure company Ownera and real

Won Nears 1,540 Per Dollar in Night Trading, Highest Since 2009 Financial Crisis

The won-dollar exchange rate surged more than 10 won on June 4, approaching 1,540 won per dollar in night trading. According to Yonhap News Agency and other local media, the won closed daytime trading in Seoul at 1,529.7 per dollar, up 13.3 won from

Iran Denies Attack on Kuwait, Blames Malfunction in US Missile Defense System

Iran has denied attacking Kuwait International Airport. BlockBeats and other outlets reported on June 4 that Hossein Mohebi, a spokesman for Iran’s Islamic Revolutionary Guard Corps, said Iran’s aerospace force did not strike Kuwait airport and that

Lummis Blasts JPMorgan CEO Dimon, Says He Appears Not to Have Read CLARITY Act

US Senator Cynthia Lummis said Jamie Dimon, JPMorgan Chase & Co.'s chief executive officer, appears not to have read the CLARITY Act after he criticized the US crypto market structure bill. In an interview with CNBC on June 3, Lummis said Dimon eithe

House Democrats Urge FTC to Investigate Prediction Market Advertising

House Democrats are calling on US regulators to investigate advertising by prediction market platforms. Cointelegraph reported on June 3 that nine Democratic members of the US House of Representatives, including Kevin Mullin and Gabe Vasquez, sent a

Hyperliquid Overtakes Solana in Token Price as Perpetual Futures Share Hits Record 6.63%

Hyperliquid's HYPE token has risen above Solana's SOL in price. The decentralized exchange's share of the global perpetual futures market also reached a record high. CoinMarketCap data on June 4 showed HYPE trading at about $72.5, down 0.4% from a da

Ray Dalio Says AI Bubble Resembles Dot-Com Era and Will Eventually Burst

Bridgewater Associates founder Ray Dalio said the artificial intelligence bubble will eventually burst. In an interview with Bloomberg on June 3, Dalio said the AI industry is showing typical signs of a bubble, citing excessive speculation and lofty

Citi Says Bitcoin Weakness Is Driven by Lack of New Demand, Lower Odds of CLARITY Act Passage

Citi said a lack of new demand is the main driver of Bitcoin's recent weakness. In a report released June 3, the bank said flows for Bitcoin ETFs have recently turned into outflows. It also said the odds of passage for the CLARITY Act, a US crypto ma

IREN to Build First Australian Data Center, Targeting Asia AI Demand

Bitcoin miner IREN is moving ahead with its first data center project in Australia. The Block reported on June 3 that IREN signed a grid connection agreement for a data center in Bundey, South Australia, with capacity of up to 800 megawatts. The comp

Tether, Fasset to Launch Gold-Backed Card Offering XAUT Cashback

Tether, the issuer of the USDT stablecoin, is launching a gold-backed credit card. Tether said June 3 that it will introduce what it described as the world’s first gold-based neobanking card with digital banking platform Fasset. The new card will run

Kraken Parent Payward to Offer Retail Investors Access to US IPO Prices

Payward, the parent company of US crypto exchange Kraken, plans to give retail investors access to US initial public offerings at the offering price. The company plans to launch the service in the coming weeks through its xStocks platform for Kraken

US May ADP Private Payrolls Rise 122,000, Topping Forecasts

US private-sector job growth exceeded market expectations in May. ADP said on June 3 that US private nonfarm payrolls increased by 122,000 from a month earlier. That was higher than the 109,000 increase in April and above the 84,000 estimate from eco

Visa, Mastercard, Stripe Back New Stablecoin Platform

Visa, Mastercard and Stripe are moving to launch a new stablecoin platform. CoinDesk reported on June 3, citing multiple sources, that the three global payments companies will serve as key backers of the new platform. US cryptocurrency exchange Coinb