JOON HYOUNG LEE

Uniswap Founder Rebuts Claim v4 Protocol Fee Cuts LP Earnings

Hayden Adams, founder of decentralized exchange Uniswap, pushed back on claims that the newly activated v4 protocol fee structure would reduce earnings for liquidity providers, or LPs. In a post on X on July 29, Adams said criticism of the protocol f

Russia Issues Arrest Warrant for Telegram Founder; GRAM Drops More Than 4%

Russia has issued an international arrest warrant for Telegram founder Pavel Durov. Reuters reported on July 29 that Russia’s Federal Security Service, or FSB, recently charged Durov with aiding terrorist activity and placed him on an international w

Min Byung-deok Says Digital Asset Framework Act Must Pass This Year, With ‘No Plan B’

Interview with Rep. Min Byung-deok of the Democratic Party “Settle key disputes by September and speed up the framework act” “No de facto monopoly for any one sector in digital assets” “Crypto taxation needs fixes on fairness and data collection” “Th

BitMEX Sued Over Alleged Wrongful Liquidations on Day It Announced Shutdown

Global crypto derivatives exchange BitMEX has been hit with a class-action lawsuit over allegations that it wrongfully liquidated customer positions. The suit was filed the same day the exchange announced it would shut down. Cointelegraph reported on

Drift Hacker Sends 23,095 Ether Worth $44.4 Million to Tornado Cash

The hacker behind Drift Protocol has transferred a large amount of Ether to crypto mixing protocol Tornado Cash. BlockBeats reported on July 24, citing data from blockchain security firm PeckShield, that an address believed to be linked to the Drift

ECB Holds Deposit Rate at 2.25%, Watches Spillover From Rising Oil Prices

The European Central Bank left its three key interest rates unchanged. After a monetary policy meeting in Frankfurt on July 23, the ECB said it would hold the deposit rate at 2.25%. It also kept the main refinancing rate at 2.40% and the marginal len

Polymarket to Challenge France’s Nationwide Access Block in Court

Polymarket, the global prediction-market platform, plans to take legal action against French authorities over a decision to block nationwide access to its service. CoinDesk reported on July 23 that France’s National Gaming Authority, known as ANJ, re

Goldman Sachs CEO Backs Revised Clarity Act, Urges Senate to Advance It

Goldman Sachs Chief Executive Officer David Solomon expressed support for a revised version of the Clarity Act, a U.S. bill that would establish a market structure for cryptocurrencies. In an interview with Politico on July 23, Solomon said he strong

CZ Says BitMEX Couldn't Survive Biden's 'War on Crypto' After Shutdown Decision

Binance founder Changpeng Zhao, known as CZ, expressed regret over the closure of global crypto derivatives exchange BitMEX. In a post on X on July 23, Zhao wrote that it was sad to see BitMEX "fade into history." Earlier that day, BitMEX operator HD

Trump Warns Houthis of Military Retaliation Over Any New Ship Attacks

President Donald Trump signaled possible military action against Yemen's Iran-backed Houthi rebels. In a Truth Social post on July 23, Trump wrote that the Houthis had acted "very responsibly" during the conflict with Iran. He added that the group ha

BlackRock, Strategy Join $15 Million Bitcoin Security Consortium

BlackRock, Strategy and other global financial and crypto firms plan to commit a total of $15 million over the next three years to bolster Bitcoin security. Nine companies, including BlackRock, Coinbase, ARK Invest, Strategy and Fidelity Digital Asse

US Initial Jobless Claims Fall to 187,000, Well Below Forecast

US initial jobless claims came in well below market expectations last week. The Labor Department said on July 23 that initial jobless claims totaled 187,000 last week. That was 24,000 below economists' forecast of 211,000 and 22,000 fewer than the pr

BNY Targets 24/7 US Treasury Settlement by Next Year

BNY, the world’s largest custodian bank, is building a round-the-clock settlement system to eliminate weekend and overnight gaps in US Treasury settlement. The bank aims to have a system in place by next year that can settle both conventional Treasur

Citi Cuts Coinbase Price Target to $235 From $400

Citigroup has sharply lowered its price target for US cryptocurrency exchange Coinbase. Odaily reported on July 23 that Citi cut its target price on Coinbase to $235 from $400. That marks a reduction of more than 41% from the previous target. JPMorga

iotrust Begins Sales of Card-Style Cold Wallet D'CENT S

iotrust, a South Korean cryptocurrency wallet maker, said July 23 that it has begun official sales of its card-style cold wallet, D'CENT S. D'CENT S is the company's first new product since 2018. It is designed to reduce the inconvenience of storing

WTI Crude Climbs Back Above $90 a Barrel as Middle East Tensions Escalate

Escalating tensions in the Middle East pushed U.S. West Texas Intermediate crude futures back above $90 a barrel. TradingView data showed on July 23 that WTI futures rose more than 4% from the previous session to top $90 a barrel. Brent crude futures

Galaxy Digital Seeks $3.5 Billion Junk-Bond Sale to Fund US AI Data Center

Galaxy Digital is seeking to raise $3.5 billion through a junk-bond sale to expand its artificial intelligence data-center business in the US. Bloomberg reported on July 22 that the US crypto financial firm recently began marketing speculative-grade

BitMEX to Shut Down in September, Ending 12-Year Run

BitMEX, the global cryptocurrency derivatives exchange, is shutting down after more than a decade in operation. Cointelegraph reported on July 23 that HDR Global Trading, BitMEX’s parent company, decided to cease operations following a broad strategi

Smarter Web Company Sells 178 Bitcoin to Repay $11.7 Million Debt

Smarter Web Company, a UK digital-asset treasury firm, has sold Bitcoin to repay debt. According to Bitcoin Treasuries on July 23, the company recently repaid about $11.7 million to asset manager TOBAM in connection with a convertible financing instr

Drift Hacker Resumes Activity After Three Months, Moves Ether to Tornado Cash

A hacker tied to Drift Protocol (DRIFT) has resumed activity after about three months. BlockBeats, citing Onchain Lens data, reported on July 23 that an address linked to the Drift hacker has been transferring Ether (ETH) to Tornado Cash, a cryptocur

Seven Democratic Senators Oppose Clarity Act Amendment, Saying Ethics Rules Fall Short

Seven Democratic senators have come out against the latest amendment to the Clarity Act. BeInCrypto reported on July 22 that seven Democratic senators, including Angela Alsobrooks, Cory Booker, Ruben Gallego and John Hickenlooper, said in a joint sta

Swiss Cantonal Bank BancaStato Launches Crypto Trading Service With Sygnum

Swiss cantonal bank BancaStato has launched a cryptocurrency trading service in partnership with crypto-focused bank Sygnum. Cointelegraph reported on July 23 that BancaStato will offer the service through Sygnum’s business-to-business banking platfo

FIU Clears Coinone Shareholder Change, Completing Strategic Investment

South Korea’s Financial Intelligence Unit approved a filing to change the major shareholders of domestic digital-asset exchange Coinone. Coinone said on July 23 that the FIU completed the filing review on July 22. The approval gives the company a str

SEC’s Peirce Says Crypto Vaults, Lending Services May Fall Under Securities Laws

Hester Peirce, a commissioner at the U.S. Securities and Exchange Commission, said crypto vault and lending services may be subject to securities laws. In a statement issued on July 22, Peirce said certain crypto lending and vault services could fall

Tokenized Stock Demand Drives Monthly RWA Perpetual Futures Volume Above $470 Billion

Surging demand for tokenized stocks pushed monthly trading volume in real-world asset, or RWA, perpetual futures above $470 billion. The Block reported July 22 that monthly RWA perpetual futures volume on major exchanges reached about $470 billion la

Franklin Templeton Says AI Agents Could Be Blockchain’s Next Killer Use Case

AI agents could emerge as the next killer use case for blockchain and cryptocurrencies. Sandy Kaul, Franklin Templeton’s head of digital assets and innovation, wrote on X on July 22 that an AI agent-driven economy would increase demand for blockchain

Trump Threatens Strike on Tehran if Iran Attacks Ships in Hormuz

President Donald Trump threatened to bomb targets in Tehran if Iran attacks ships in the Strait of Hormuz. In a Truth Social post on July 22, Trump wrote that if Iran attacks vessels in the strait with rockets, missiles, drones or other weapons, the

WSJ: AMD Signs Anthropic AI Chip Supply Deal Worth Tens of Billions

AMD has signed an artificial intelligence chip supply deal with Anthropic worth tens of billions of dollars. The Wall Street Journal reported on July 22 that AMD and Anthropic recently entered into a supply and investment agreement for chips used in

Kalshi Launches Midterms Hub for Real-Time U.S. Election Odds Ahead of November Vote

Kalshi, the U.S. prediction-market platform, has launched Midterms Hub ahead of the November U.S. midterm elections, rolling out a platform that aggregates election forecasts. CoinDesk reported on July 22 that Kalshi announced the launch that day. Th

IoTrust Unveils Card-Style Cold Wallet, Steps Up Institutional Push

“Exchanges are fundamentally places to buy and sell crypto. There’s no need to keep long-term holdings there, too.” Minho Yoo, co-founder and chief strategy officer of IoTrust, made the remarks in an interview with Bloomingbit on July 22. IoTrust is