JOON HYOUNG LEE

Hyperliquid Urges CFTC to Permit Energy Perpetual Futures

The Hyperliquid Policy Center, or HPC, the policy arm of global decentralized exchange Hyperliquid, has asked US regulators to allow trading in energy perpetual futures. HPC said Aug. 26 that it jointly submitted a comment letter with perpetual futur

Dallas Fed Says Tokenized Deposits Could Cut US Banks’ Lending Capacity by Up to $700 Billion

Wider adoption of tokenized deposits could reduce US banks’ lending capacity by as much as $700 billion, according to a Dallas Fed analysis. CoinDesk reported on August 25 that the Federal Reserve Bank of Dallas said in a recent report that tokenizat

US July PCE Inflation Rises 3.7% From Year Earlier, Slightly Above Forecast

The US personal consumption expenditures price index rose slightly more than expected in July, while core inflation matched forecasts. The Commerce Department's Bureau of Economic Analysis said Aug. 26 that the headline PCE price index increased 3.7%

Mirae Asset’s Park Warns Against Borrowing to Buy Crypto, Says Limit It to 10%

Park Hyeon-joo, chairman of Mirae Asset Group and its global strategy officer, warned against using borrowed money to invest in cryptocurrencies, saying investors should limit such holdings to about 10% of their total assets. Park made the remarks on

CZ Says US Recognition of Hyperliquid Could Broaden DeFi Market

Changpeng Zhao, the Binance co-founder known as CZ, said legal recognition of global decentralized exchange Hyperliquid in the US could significantly expand the decentralized finance industry. Odaily and other outlets reported on August 26 that Zhao

Japan Pushes On-Chain Settlement Network for Stocks, JGBs, Targets Early 2030s Launch

Japan is moving to build infrastructure that would allow stocks and Japanese government bonds, or JGBs, to be traded in real time on blockchain. CoinDesk reported on Aug. 26 that Japan’s Financial Services Agency, the Finance Ministry and the Bank of

Revolut Launches Euro Stablecoin EURR in Three EU Countries

Revolut has launched a euro-denominated stablecoin in three European Union countries. Cointelegraph reported on August 25 that Revolut rolled out its euro stablecoin, EURR, in Denmark, Poland and Portugal. The company plans to expand the service to o

$6.4 Billion in Bitcoin Options Set to Expire Friday, With $80,000 a Key Level

Bitcoin options worth $6.4 billion are due to expire on Friday. BlockBeats reported on August 26 that about 81,700 Bitcoin option contracts on crypto derivatives exchange Deribit will expire at 5 p.m. Korea time on August 28. That total includes abou

Robinhood Chain Daily RWA Trading Volume Tops $85 Million for Record High

Daily trading volume in real-world assets on Robinhood Chain, the proprietary blockchain of US stock trading platform Robinhood, rose above $85 million. Odaily reported on August 26 that daily RWA trading volume on Robinhood Chain totaled about $85.1

Hyperliquid to Buy Back Tokens With Circle Reserve Income, First Burn Due Oct. 3

Hyperliquid, a global decentralized exchange, will buy back and burn its own token using income generated from Circle's USDC reserves. Wu Blockchain and other outlets reported on Aug. 26 that Hyperliquid had applied the AQAv2, or Aligned Quote Asset

Yoo Dong-soo Urges Bipartisan Talks on Hearing for Digital Asset Framework Act

Yoo Dong-soo, chair of the National Assembly's Political Affairs Committee and a Democratic Party lawmaker, said on Aug. 26 that the committee's senior members from the two major parties should work out plans for a public hearing on the Digital Asset

Wintermute Cuts Hyperliquid Short Position to $80.48 Million From $211.53 Million

Global crypto market maker Wintermute reduced its short position by about $130 million. Onchain Lens said on Aug. 26 that Wintermute recently cut its short position on decentralized exchange Hyperliquid to $80.48 million from $211.53 million. As of A

BlackRock Cuts IBIT In-Kind Creation Minimum to $1 Million From $25 Million

BlackRock, the world’s largest asset manager, has sharply lowered the minimum amount required to convert Bitcoin into shares of its exchange-traded fund. Bloomberg reported on August 25 that BlackRock last month cut the minimum transaction size for i

Term Labs Loses $8.5 Million in Governance Hack, Investigation Ongoing

Term Labs, a decentralized finance protocol, suffered about $8.5 million in losses in a hack. BlockBeats reported on August 23 that blockchain security firm CertiK said the wallet tied to the Term Labs hacker held about 2,843 Ether and roughly 1.6 mi

This Week’s Key Economic and Crypto Events: Jackson Hole Meeting Ahead

<Key Economic Events This Week> ▶︎Monday, Aug. 24: ▶︎Tuesday, Aug. 25: △ BOJ core CPI (2 p.m. Korea time, 12 a.m. U.S. time) △ U.S. ADP weekly employment change report (9:15 p.m. Korea time, 7:15 a.m. U.S. time) △ U.S. August Conference Board consume

Bitcoin Hashprice Jumps 20.4% in Four Days to $38.29 per PH/s

Bitcoin hashprice, a gauge of miner profitability, has surged more than 20% over the past four days. Odaily reported on Aug. 23 that Bitcoin hashprice rose to $38.29 per PH/s on Aug. 22 from $31.80 per PH/s on Aug. 18, an increase of about 20.4% over

Hyperliquid Weekly Revenue Jumps to $16.93 Million, Up 196% From Prior Week

Hyperliquid, a global decentralized exchange, posted nearly triple the revenue this week compared with the prior week. BlockBeats, citing DefiLlama data on Aug. 23, reported that Hyperliquid's cumulative revenue for the week reached $16.93 million. T

US Banks Urge Regulators to Tighten KYC Rules for Stablecoin Secondary Markets

U.S. banks have urged regulators to apply know-your-customer requirements to the secondary market for stablecoins, including crypto exchanges. Bitcoin.com reported on Aug. 23 that the Bank Policy Institute recently submitted a comment letter to the F

Alibaba to Raise $10.2 Billion in Hong Kong Share Sale for AI Investment

Alibaba Group Holding Ltd. plans to raise HK$80 billion, or about $10.2 billion, in Hong Kong through a new share sale to step up investment in artificial intelligence. BlockBeats and other outlets reported on August 23 that Alibaba announced the fun

Eric Trump Denies New Token Launch, Says Claims Are ‘Completely Untrue’

Eric Trump, the second son of US President Donald Trump, denied reports that the Trump family is preparing to launch a new token. In a post on X on Aug. 22, Eric Trump called the claim "completely untrue." He added that "nobody is launching any coin

Bitcoin Long Liquidations May Reach $1.09 Billion if Price Drops Below $75,000

Bitcoin could face a large wave of long-position liquidations if the token falls below $75,000. BlockBeats, citing CoinGlass data on August 23, reported that cumulative long liquidations across major centralized exchanges would total $1.085 billion i

Coinbase Bitcoin Discount to Binance Extends to Record 97 Days

Coinbase's bitcoin price has traded below Binance for 97 straight days, extending a so-called reverse premium to a record streak. Odaily reported on Aug. 23 that the Coinbase Bitcoin Premium Index stayed in negative territory for 97 consecutive days

Corporate Accounts at South Korea’s Top Five Crypto Exchanges Surpass 6,000, Holdings Reach $3.2 Million

Corporate accounts registered with South Korea’s five largest cryptocurrency exchanges have surpassed 6,000. Data submitted by the Financial Supervisory Service to Democratic Party lawmaker Park Sang-hyuk of the National Assembly’s Political Affairs

Wintermute Transfers $57 Million in Solana and Bitcoin to Exchanges, Fueling Sale Speculation

Global crypto market maker Wintermute transferred nearly $60 million worth of Bitcoin and Solana to centralized exchanges. Odaily reported on Aug. 23 that Wintermute deposited about 169.5 Bitcoin to Binance, worth about $13.1 million at current price

Official Trump Team Deposits $15.5 Million of TRUMP Tokens to OKX

The team behind President Donald Trump’s meme coin Official Trump, or TRUMP, deposited a large amount of the token to an exchange. Lookonchain and other sources said the Official Trump team transferred about 646,000 TRUMP tokens to global cryptocurre

Standard Chartered Sees Bitcoin Rising to $126,000 on ETF Inflows, Short Liquidations

Bitcoin could climb to as high as $126,000 as inflows into spot exchange-traded funds and the liquidation of large short positions fuel the rally. Odaily reported on Aug. 23 that Geoffrey Kendrick, Standard Chartered's global head of digital assets r

Strategy’s Unrealized Bitcoin Gain Nears $1.72 Billion

Strategy, the world’s largest corporate Bitcoin holder, is sitting on nearly $1.72 billion in unrealized gains on its Bitcoin investment. BlockBeats reported on Aug. 22 that the unrealized gain on Strategy’s Bitcoin holdings stood at about $1.719 bil

Iran Approves Strait of Hormuz Passage for Iraqi Tankers

Iran has approved the passage of Iraqi tankers through the Strait of Hormuz. The Times of Israel, citing Iran’s state news agency IRNA, reported on Aug. 22 that Tehran had granted special permits to several Iraqi tankers to transit the strait. The Ir

Bitdeer Mines 265.6 Bitcoin This Week, Sells Entire Haul

Bitdeer Technologies Group, the Nasdaq-listed Bitcoin miner, said it mined 265.6 Bitcoin this week and sold all of it. The company disclosed in a post on X on Aug. 22 that it had mined 265.6 Bitcoin during the week. It sold the entire amount. Bitdeer

Bitcoin Drop Triggers $529 Million in Crypto Futures Liquidations in One Hour

More than $500 million of positions were liquidated in the cryptocurrency futures market over the past hour as Bitcoin prices declined. BlockBeats and other outlets reported on August 22 that liquidations in the crypto perpetual futures market totale