JOON HYOUNG LEE

WLFI transfers tokens to exchanges for a second straight day: “Possible additional deposits”

World Liberty Financial (WLFI), a crypto project backed by the family of U.S. President Donald Trump, has moved a large amount of its tokens to centralized exchanges (CEXs) for the second consecutive day. According to Onchain Lens on the 5th (local t

"AI boom fuels selling pressure among Bitcoin miners"

An analysis suggests that in the wake of the recent "artificial intelligence (AI) boom," selling pressure has intensified among mining firms holding Bitcoin (BTC) worth $8 billion. Bloomberg reported on the 4th (local time) that "a quiet but rapid wa

[Analysis] “ETFs and short covering drove Bitcoin’s rebound…on-chain indicators are mixed”

An analysis suggests that the recent rebound in Bitcoin (BTC) prices has been driven by U.S.-listed exchange-traded funds (ETFs) and “short covering (buying to close sell positions that bet on declines).” A CryptoQuant contributor from XWIN Research

U.S. Senator raises suspicions over an 'Iran prediction market'… "Misuse of inside information from the White House"

U.S. Senator Chris Murphy alleged that some White House officials used nonpublic information related to strikes on Iran to profit in prediction markets. In a post on X, Murphy said on the 4th (local time) that “last Friday, a few people made unusual

Coinbase criticizes UK stablecoin policy: “Holding limits will leave it behind in competition”

US cryptocurrency exchange Coinbase has spoken out against the UK’s stablecoin policy. According to The Block on the 4th (local time), Tom Duff Gordon, Coinbase’s Vice President for International Policy, attended a meeting of the UK House of Lords Fi

On a potential Strait of Hormuz closure… Goldman Sachs warns oil prices could "break above $100"

Goldman Sachs, a global investment bank, said the latest Iran-driven turmoil in the Middle East could push international crude prices above $100 a barrel. According to Walter Bloomberg on the 4th (local time), Goldman Sachs forecast that if the Strai

Coinbase launches stock trading, with 24-hour support for some

Coinbase, a U.S. cryptocurrency exchange, has launched a stock-trading feature. Through its official X account, Coinbase said on the 4th (local time) that "stock trading has begun on Coinbase." The stock-trading service is provided by Coinbase Capita

Sui launches its own stablecoin, “Sui Dollar”

Sui (SUI) has launched its own stablecoin. According to CoinDesk on the 4th (local time), Sui launched the dollar-denominated stablecoin “Sui Dollar (USDsui)” that day. Sui had previously announced plans to issue a stablecoin late last year. Sui Doll

Oil jitters sparked by Iran… U.S. Treasury chief: “We will ensure tanker safety”

As volatility in international oil prices has increased amid the latest Iran-related turmoil in the Middle East, the United States has again underscored its willingness to intervene. U.S. Treasury Secretary Scott Bessent said in an interview with CNB

[Analysis] "Bitcoin miners’ selling pressure eases…appearing to shift into wait-and-see mode"

Bitcoin (BTC) miners’ selling pressure has recently shown signs of easing. An Arab Chain contributor to CryptoQuant said via CryptoQuant on the 4th (local time) that “a clear change is emerging in miners’ behavior,” adding that “since the 20th of las

US February ADP private payrolls rise by 63,000… biggest gain since July last year

A US private-sector employment gauge last month came in above market expectations. According to the ADP National Employment Report released on the 4th (local time), US nonfarm private employment rose by 63,000 from the previous month. The figure beat

Morgan Stanley moves to issue a Bitcoin ETF… selects BNY and Coinbase as custodians

Global investment bank (IB) Morgan Stanley has selected Coinbase and Bank of New York (BNY) Mellon as custodians for its Bitcoin (BTC) holdings. On the 4th (local time), CoinDesk reported that Morgan Stanley recently filed an S-1 registration stateme

U.S. Treasury Secretary: "Tariffs to be raised to 15% likely this week"

The United States is expected to implement a plan this week to raise its global tariff rate from the current 10% to 15%. According to Bloomberg on the 4th (local time), U.S. Treasury Secretary Scott Bessent said in an interview with CNBC that “(the t

WLFI moves a large amount of tokens to exchanges… “worth $15 million”

World Liberty Financial (WLFI), the cryptocurrency project backed by the family of U.S. President Donald Trump, has reportedly made a large transfer of its tokens to centralized exchanges (CEXs). According to Onchain Lens on the 4th (local time), Wor

Tether invests in sleep tech firm Eight Sleep… “Valuation at $1.5 billion”

Tether (USDT), the issuer of the dollar-pegged stablecoin, has invested in sleep technology company Eight Sleep. Tether Investments, an affiliate of Tether, said on the 4th (local time) that it made a strategic investment in Eight Sleep. The specific

Kraken wins Fed approval for a ‘master account’… “first crypto company”

US cryptocurrency exchange Kraken has secured approval for a ‘master account’ with the Federal Reserve (Fed). Kraken co-CEO Arjun Sethi said in an interview with The Wall Street Journal (WSJ) on the 4th (local time) that the company recently received

Coinbase CEO: ‘Crypto fundamentals are stronger than ever’

Brian Armstrong, CEO of Coinbase, said “the fundamentals of crypto are stronger than ever.” Armstrong made the remarks on X on the 4th (local time). Earlier, John D’agostine, head of Institutional Strategy at Coinbase, also wrote on X the previous da

Coupang steps up review of ‘stablecoins’… could it save hundreds of billions of won in fees?

Coupang hires legal-review experts in digital assets Move seen accelerating prospects for a ‘KRW stablecoin’ launch “Could cut annual payment fees by hundreds of billions of won if introduced” In-house payments arm ‘Coupang Pay’ could become a new gr

National Assembly Research Service: "Limits on stakes in crypto exchanges infringe property rights…may be unconstitutional"

The National Assembly Research Service said the government’s plan to cap major shareholders’ stakes in virtual asset exchanges may be unconstitutional. In a response dated the 4th to an inquiry from Rep. Kim Sang-hoon of the People Power Party, the s

[Market] Bitcoin tops $71,000…Ethereum also above $2,000

Bitcoin (BTC) rose above $70,000. According to CoinMarketCap on the 4th, Bitcoin was trading at $71,197.85 as of 6:07 p.m., up 6.15% from the previous day. That is an 8.72% increase compared with a week earlier. Ethereum (ETH) also regained the $2,00

[Market] Bitcoin tops $70,000… Korea premium at -0.86%

Bitcoin (BTC) rose above $70,000. According to CoinMarketCap on the 4th, as of 5:55 p.m. that day, Bitcoin was trading at $70,836.03, up 5.57% from the previous day. That marks an 8.01% gain compared with a week earlier. The Korea premium turned nega

[Analysis] "Bitcoin shows limited reaction even to the 'Iran situation'…volatility may decline"

An analysis suggests that Bitcoin’s (BTC) “implied volatility” could trend lower over the next few weeks. Crypto analytics firm Matrixport said via its official X account on the 4th (local time) that “(amid the Iran situation and other developments)

Binance cites Iran-driven ‘oil price uptrend’… “a key variable for Bitcoin”

Global crypto exchange Binance has released an analysis suggesting that the recent uptrend in international oil prices, stemming from fallout from the Iran situation, could have a positive impact on Bitcoin (BTC). Binance Research, Binance’s research

White House crypto advisory group 'rebuts head-on' JPMorgan… "Stablecoins are different from bank deposits"

The White House cryptocurrency advisory committee said stablecoins should be regulated differently from bank deposits. Patrick Witt, executive director of the White House crypto advisory group, wrote on X on the 4th (local time) that "it is deceit to

KOSPI plunges 12.06% on ‘Iran crisis’…biggest points drop on record

Mounting fears that the Iran crisis could drag on sent South Korea’s financial markets into panic. On the 4th, the KOSPI closed at 5,093.54, down 698.37 points (12.06%) from the previous session. In point terms, it marked the largest drop on record f

[Analysis] "Bitcoin enters late stage of the cycle…capitulation pressure builds"

An analysis suggests that Bitcoin (BTC) has entered a late-cycle “stress phase.” A CryptoQuant contributor from TeddyVision wrote on the 3rd (local time) via CryptoQuant that “multiple on-chain indicators suggest the market is moving deeper into a la

"Will Bitcoin Get Breathing Room"…The 'Jane Street Shock' Rocking Crypto

Allegations of front-running by global quantitative trading firm Jane Street—named as a key player behind the 2022 Terra–Luna collapse—are rattling the cryptocurrency industry. Some analysts say that if the episode leads to stronger transparency in c

LinkedIn founder bets on Ethereum…holds $6.1 million worth

Reid Hoffman, the founder of LinkedIn, has been found to hold more than 3,000 Ethereum (ETH). According to blockchain analytics firm Arkham on the 27th (local time), Hoffman holds about 3,080 Ethereum as of that day. Its current value is $6.1 million

FocusAI completes acquisition of the Busan Digital Asset Exchange… secures a 40.6% stake

KOSDAQ-listed FocusAI has completed its acquisition of the Busan Digital Asset Exchange (Bidan·Bdan). FocusAI said on the 27th that it has completed payment of the remaining balance for the acquisition of the Busan Digital Asset Exchange. With the pa

[Analysis] "Tether Gold trading volume surges…breaks into Binance futures top 10"

Tether Gold (XAUT) has moved into the top 10 by trading volume on global cryptocurrency exchange Binance. In a CryptoQuant post on the 27th (local time), CryptoQuant contributor maartunn said, “Tether Gold has entered Binance’s top 10 perpetual futur