JOON HYOUNG LEE

[Analysis] "Bitcoin 'Supply in Loss' surges…a signal it is nearing a bottom"

Bitcoin’s (BTC) “Supply in Loss” has recently been shown to exceed 40%. The analysis suggests Bitcoin’s price is nearing a bottom. Woominkyu, a CryptoQuant contributor, said on the 1st (local time) via CryptoQuant that “Bitcoin’s ‘Supply in Profit’ h

Tether vice president appointed chair of pro-crypto super PAC… “Candidates to endorse to be announced soon”

A senior executive at Tether (USDT), the issuer of the dollar-pegged stablecoin, has been appointed chair of a pro-cryptocurrency super PAC (Special Political Action Committee). Eleanor Terrett, host of Crypto in America, said on X on the 1st (local

Iran foreign ministry: Trump’s claim that ‘Iran requested a ceasefire’ is false, unfounded

The Iranian government has pushed back against remarks by U.S. President Donald Trump claiming that Iran had asked the United States for a ceasefire. According to Walter Bloomberg on the 1st (local time), an Iranian Foreign Ministry spokesperson said

Ripple upgrades its treasury management platform… adds 'digital asset' features

Ripple has added digital asset features to its institutional treasury management platform. According to Cointelegraph on the 1st (local time), Ripple said it added a “digital asset account” and an integrated dashboard to its institutional treasury ma

IEA: "Iran-triggered energy crisis is the worst on record… considering additional strategic oil releases"

Fatih Birol, executive director of the International Energy Agency (IEA), said on the 1st (local time) that the agency is "considering additional strategic oil releases." According to U.S. CNBC and others on the 1st (local time), Birol made the remar

Hyperliquid to launch mobile app… test version released

Global decentralized exchange (DEX) Hyperliquid (HYPE) is launching a mobile application. Hyperliquid said on the 1st (local time) via its official Telegram channel that “the Hyperliquid mobile app has been released on the Google Play Store as a mini

OpenAI Raises $122 Billion in Funding… Valued at $852 Billion

OpenAI, the developer of ChatGPT, has raised $122 billion in new funding. In a statement on its official website, OpenAI said on the 31st (local time) that it had "finalized a $122 billion fundraising round." The financing values OpenAI at $852 billi

Trump: "Iran has asked the US for a ceasefire…we will consider it if the Strait of Hormuz is opened"

US President Donald Trump said that "the president of Iran’s new regime asked the United States for a ceasefire." Trump made the remarks on 1 (local time) in a post on his social media platform, Truth Social. He added, "We (the United States) will co

U.S. February retail sales rise 0.6% m/m, slightly topping estimates

U.S. retail sales in February rose 0.6% from the previous month, beating market expectations. The U.S. Department of Commerce said on the 1st (local time) that retail sales in February increased 0.6% month on month. The figure came in 0.1% point abov

JPMorgan CEO: "Considering entering prediction markets…won’t do politics or sports"

Global investment bank (IB) JPMorgan is reviewing a plan to enter prediction markets. Jamie Dimon, CEO of JPMorgan, referred to global prediction-market platforms such as Kalshi and Polymarket in an interview with CBS in the U.S. on the 31st, saying,

Franklin Templeton moves to acquire CoinFund subsidiary… “Expanding crypto business”

Global asset manager Franklin Templeton is acquiring a subsidiary of venture capital (VC) firm CoinFund as it seeks to expand its crypto business. According to The Wall Street Journal (WSJ) on the 1st (local time), Franklin Templeton recently decided

Trump: “NATO is a paper tiger… seriously considering withdrawal”

US President Donald Trump said he is “seriously considering withdrawing from the North Atlantic Treaty Organization (NATO).” In an interview with the UK daily The Telegraph published on the 31st (local time), Trump was asked whether he would revisit

Fed Vice Chair: "Stablecoin regulation needed…must include safeguards against bank runs"

Michael Barr, the Federal Reserve’s vice chair for supervision and a member of the Board of Governors, said on the 31st (local time) that there is a need for greater clarity in stablecoin regulation. According to Cointelegraph and others on the 1st (

CoinShares, with $6 billion in AUM, to list on Nasdaq… “Expanding U.S. business”

CoinShares, a European Union (EU) crypto asset manager, is set to list on the Nasdaq in the United States. According to CoinDesk on the 1st (local time), CoinShares will list on the Nasdaq through a merger with the SPAC (special purpose acquisition c

U.S. Bitcoin ETF absorbs $1.32 billion last month…returns to ‘monthly net inflows’ for the first time in five months

U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) posted net inflows on a monthly basis for the first time in five months. According to SosoValue on the 31st (local time), U.S. spot Bitcoin ETFs saw net inflows of $1.32 billion last month. It is t

Changpeng Zhao dismisses 'quantum computing fears'… "No need to be scared"

Changpeng Zhao (CZ), founder of Binance, said there is "no need to be overly afraid of quantum computing's impact on cryptocurrencies." On the 31st (local time), Zhao wrote on X that "in the big picture, what crypto ultimately needs to do is upgrade

Iranian parliament: "We will not reopen the Strait of Hormuz... there will be no negotiations going forward"

Iran’s parliament has stated that it "will not reopen the Strait of Hormuz." According to Solid Intel and others on the 31st (local time), Iran’s parliament said that day, "The Strait of Hormuz will not be reopened." Iran’s parliament added, "We have

Gemini burns $130 million worth of RLUSD… “to reclaim liquidity”

U.S. cryptocurrency exchange Gemini has burned Ripple’s stablecoin Ripple USD (RLUSD) worth $130 million. According to The Crypto Basic on the 31st (local time), Gemini carried out two burns that day on the XRP Ledger (XRPL), destroying RLUSD worth a

DPK to tighten oversight of virtual assets…pushes to set up a 'Market Surveillance Authority'

The Democratic Party of Korea is pushing to establish a "Virtual Asset Market Surveillance Authority" to strengthen the monitoring system for the virtual-asset market. According to political circles on the 1st, the National Assembly's Political Affai

Fidelity: “Bitcoin’s pullbacks are milder than in the past…a sign the market is maturing”

An analysis suggests that Bitcoin (BTC) has seen a smaller drawdown in this cycle than in the past. With easing price volatility coinciding with inflows of institutional capital, Bitcoin is viewed as entering a more mature phase. According to Cointel

[Analysis] "Bitcoin short-term holder share falls below 4%...market nearing a bottom"

The share of Bitcoin (BTC) short-term holders (STH) has recently fallen below 4%. MAC D, a CryptoQuant contributor, said via CryptoQuant on the 31st (local time) that "the share of short-term holders who have held Bitcoin for one week to one month ha

Shin Hyun-song Says CBDCs Can Do What Crypto Does, Backing BOK’s Project Hangang

Longtime BIS Skepticism on Crypto Princeton Webinar Focused on CBDCs’ Role ‘No Need to Reinvent Central Bank Money’ ‘Stablecoins Resemble 19th-Century Private Money’ BOK CBDC Trials to Gain Momentum After He Takes Office Shin Hyun-song, the nominee t

Citigroup: “Stablecoin interest restrictions are a negative for Circle… but not a fundamental threat”

Global investment bank (IB) Citigroup has assessed that provisions in the U.S. crypto market structure bill (the “Clarity Act”) that restrict interest payments on stablecoins could act as a headwind for Circle, the issuer of the dollar stablecoin USD

Goldman Sachs sharply cuts Coinbase price target…$270 → $235

Global investment bank (IB) Goldman Sachs has lowered its price target for U.S. cryptocurrency exchange Coinbase. According to financial information provider TipRanks on the 26th (local time), Goldman Sachs on the day sharply cut Coinbase’s price tar

Bhutan transfers $150 million worth of Bitcoin so far this year… holdings down 66% from peak

The Bhutanese government has transferred Bitcoin (BTC) worth $150 million externally so far this year. According to Decrypt on the 26th (local time), the amount of Bitcoin the Bhutanese government has transferred to external addresses so far this yea

Trump: "Iran negotiating team is very strange... no possibility of retaliation at all"

U.S. President Donald Trump said on the 26th (local time) that "the Iranian negotiating team is very different and strange." Trump made the remarks on his social media platform, Truth Social, that day. He said, "They (the Iranian negotiating team) ar

US-based MARA Holdings sells 15,000 bitcoins so far this month… worth $1.1 billion

MARA Holdings, a US bitcoin (BTC) mining company, has sold $1.1 billion worth of bitcoin so far this month. MARA Holdings said on the 26th (local time) that it sold 15,133 bitcoins from the 4th through the 25th of this month. The company said, "(The

Tazapay raises $36 million in Series B…backed by Ripple, Circle and others

Singapore-based cross-border payments infrastructure provider Tazapay has raised $36 million in a Series B round. Tazapay said on the 26th (local time) that it raised a total of $36 million in the Series B. The round was led by Circle Ventures, the v

US Initial Jobless Claims at 210,000…Slightly Below Forecast

Last week’s US initial jobless claims came in below market expectations. The US Department of Labor said on the 26th (local time) that initial jobless claims totaled 210,000 last week. That was 1,000 below economists’ forecast of 211,000. It was also

US government-sponsored mortgage agency Fannie Mae to introduce 'crypto-collateralized loans'

Fannie Mae, one of the two US government-sponsored mortgage guarantors, is moving to allow crypto-backed loans. The Wall Street Journal (WSJ) reported on the 26th (local time) that Fannie Mae is set to introduce, for the first time, mortgages secured