JOON HYOUNG LEE

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

Jensen Huang Says Nvidia to Buy Hugging Face for $12.93 Billion, Keep Open Ecosystem

Nvidia has agreed to acquire global artificial intelligence development platform Hugging Face for about $12.93 billion. Chief Executive Officer Jensen Huang wrote in an official blog post on Sept. 3 that Nvidia had agreed to buy Hugging Face for $12.

Bitget’s rToken AUM Tops $200 Million as August Trades Reach 1.2 Million

Bitget’s tokenized stock product, rToken, has surpassed $200 million in assets under management. Odaily reported on September 3 that rToken logged about 1.2 million trades last month. The number of users trading rToken increased about 20% from a mont

Standard Chartered Says Stablecoin Transfers Reach $7 Trillion a Month, With Solana Handling 20%

Solana is processing about one in five stablecoin transactions, according to comments from Standard Chartered's global head of digital assets cited by BlockBeats. Jeff Kendrick made the remarks during a recent appearance on Solana's official House of

Standard Chartered Launches Institutional Crypto Spot Trading in UAE

Standard Chartered is expanding its cryptocurrency business in the United Arab Emirates. The bank on September 3 launched spot trading services for Bitcoin and Ether for institutional clients in the UAE, Reuters reported. Standard Chartered is the fi

DigitalX to End Service for In-House Blockchain Silicon

DigitalX, the South Korean cryptocurrency exchange formerly known as Korbit, is shutting down service for its in-house layer-2 blockchain, Silicon. According to the industry on Sept. 3, Silicon said in a developer notice on Sept. 2 that it will gradu

Australia Warns Unlicensed Crypto Firms of Fines Up to 10% of Annual Revenue

Australia’s financial regulator warned that unlicensed cryptocurrency firms could face fines of up to 10% of annual revenue. Cointelegraph reported on Sept. 3 that the Australian Securities and Investments Commission said companies that need an Austr

Bitcoin Short-Term Holder SOPR Rebounds After 11 Months, Signaling Cycle Shift

Bitcoin’s spent output profit ratio, or SOPR, for short-term holders has turned higher for the first time in 11 months, in a sign the market cycle may be shifting, according to an analysis. Crypto Dan, a contributor to CryptoQuant, wrote on Sept. 3 t

South Korea’s PPP Weighs Calling Mirae Asset Chairman in Single-Stock Leveraged ETF Probe

PPP to submit request for parliamentary probe on Sept. 3 South Korea’s People Power Party, which is pushing for a parliamentary investigation into single-stock leveraged exchange-traded funds, plans to call Mirae Asset Financial Group Chairman Park H

OKX Adds Robinhood Chain to DEX, Temporarily Covers All Gas Fees

OKX has added Robinhood Chain to the decentralized exchange integrated into its platform. Odaily reported on September 3 that OKX recently began supporting trading in Robinhood Chain-based tokens through its DEX. The move allows OKX users to trade Ro

Goldman Sachs Sees Slower Global Stock Gains Over the Next Year

Goldman Sachs expects global stock markets to deliver slower gains over the next year after strong returns in the past 12 months. Peter Oppenheimer, the firm's chief global equity strategist, said major markets worldwide, including the S&P 500, poste

Robinhood Chain DEX Daily Volume Nears $1.9 Billion, Highest Since Launch

Daily trading volume on decentralized exchanges built on Robinhood Chain, the proprietary blockchain of U.S. stock trading platform Robinhood, has climbed to nearly $1.9 billion. BlockBeats, citing Dune Analytics data, reported on Sept. 3 that daily

Kalshi Plans WTI Perpetual Futures, CFTC Filing Next Week

Kalshi, the U.S. prediction-market platform, plans to launch a perpetual futures product tied to West Texas Intermediate crude prices. Reuters reported on Sept. 2 that Kalshi aims to seek approval from the Commodity Futures Trading Commission as earl

SEC Chair Atkins Says Clarity Act May Pass Senate Within Two Weeks

Paul Atkins, chair of the U.S. Securities and Exchange Commission, said he expects the crypto market structure bill known as the Clarity Act to pass the Senate within the next two weeks. In an interview with Fox Business on Sept. 2, Atkins said he ex

HashKey Joins DTCC Digital Asset Working Group, a First for an Asian Firm

Hong Kong-based crypto firm HashKey has become the first Asian company to join the Depository Trust & Clearing Corp.'s digital asset advisory working group. Cointelegraph reported on September 2 that HashKey recently joined DTCC's Digital Asset Advis

Wyoming Taps Chainlink to Verify Reserves for State-Issued Stablecoin

Wyoming will use Chainlink for the reserve verification system backing its state-issued stablecoin. The Wyoming Stable Token Commission recently adopted Chainlink’s Proof of Reserve system as the on-chain asset verification infrastructure for Frontie

Solana Foundation Chair Says Tokenization Has Entered a ‘Super Cycle’

Lily Liu, chair of the Solana Foundation, said tokenization has entered a “super cycle.” In a recent post on X, Liu wrote that tokenization goes beyond simply moving existing assets onto a blockchain. It changes how assets are issued, held, financed

US ADP Private Payrolls Rise 38,000 in August, Missing Forecasts

U.S. private-sector hiring rose less than expected in August. Automatic Data Processing's employment report released on September 2 showed U.S. nonfarm private payrolls increased by 38,000 from the previous month. That was down 8,000 from April's gai

Bessent Says More Sanctions Possible for Digital-Asset Firms Aiding Iran

US Treasury Secretary Scott Bessent warned that digital-asset businesses supporting transactions with Iran could face additional sanctions. On September 2, Bessent said the US was "in communication with all relevant parties supporting Iran," accordin