JOON HYOUNG LEE

Hyperliquid’s Jeff Yan Says Regulators Should Target Service Operators, Not Blockchain Networks

Jeff Yan, co-founder of Hyperliquid, said regulatory obligations should apply to service providers rather than blockchain networks themselves. In an interview on Bloomberg’s Odd Lots podcast on October 15, Yan said financial service providers that op

JPMorgan Calls Memory-Stock Pullback a Buying Opportunity, Overweights Samsung Electronics and SK Hynix

JPMorgan has described the recent selloff in memory-chip stocks as a medium-term buying opportunity. BlockBeats reported on Oct. 15 that JPMorgan's Asia-Pacific equity research team characterized the global market for memory-related shares as being i

Hyperliquid Strategy Buys 180,000 More HYPE, Bringing Total Holdings to 38.7 Million

Digital-asset treasury firm Hyperliquid Strategy has bought an additional 180,000 Hyperliquid tokens, or HYPE. Odaily reported on October 15 that Hyperliquid Strategy recently purchased about 180,000 HYPE. The total purchase amounted to about $14.3 m

South Korea Stocks Suffer ‘Black Thursday’ Panic as Kospi, Kosdaq Tumble More Than 7%

South Korea’s Kospi and Kosdaq indexes each tumbled more than 7% on October 15. The sharp selloff triggered sell-side sidecars in both markets, followed by circuit breakers. The Kospi closed at 5,554.27, down 454.59 points, or 7.57%, from the previou

StandX CEO Withdraws TGE Plan, Says He Will Add Personal Funds to DUSD Airdrop

StandX, a decentralized derivatives exchange, has withdrawn its token generation event plan. Aaron Gong, chief executive officer of StandX, said on Oct. 15 that the company has the fundamentals to issue a token. But launching one without delivering l

Abraxas Capital Holds $1.45 Billion Short Position on Hyperliquid

Global asset manager Abraxas Capital holds a $1.45 billion short position on decentralized exchange Hyperliquid, according to on-chain data. Lookonchain said on Oct. 15 that two Hyperliquid accounts linked to Abraxas Capital were holding short positi

Departing White House Digital Assets Council Aide Patrick Witt Says US Crypto Future Is Bright

Patrick Witt, former executive director of the White House Digital Assets Advisory Council, has formally announced his departure. Witt wrote on X on October 15 that serving in the administration had been "the greatest honor" of his life. He said he h

BlackRock’s Crypto AUM Nears $80 Billion in Third Quarter, Up 63% From Prior Quarter

BlackRock’s crypto assets under management neared $80 billion in the third quarter, climbing more than 60% from the previous quarter. CoinDesk reported on October 14 that BlackRock’s crypto AUM stood at $79.6 billion at the end of September. That was

Perpetuals.com Seeks U.S. Tokenized Stock Trading Via SEC ‘Innovation Exemption’

Nasdaq-listed Perpetuals.com is seeking to enter the U.S. market for tokenized stock trading. CoinDesk reported on Oct. 14 that the company plans to pursue a tokenized securities trading business using the U.S. Securities and Exchange Commission’s “i

K33 Questions Strategy Efficiency as STRC Preferred Dividend Bill Tops $725 Million a Year

Crypto research firm K33 has raised concerns about Strategy’s use of perpetual preferred stock to fund its Bitcoin treasury, arguing that the dividend burden could offset the benefit of acquiring more Bitcoin. BlockBeats reported on October 14 that K

EU Banking Consortium Qivalis Secures E-Money License to Accelerate Stablecoin Issuance

Qivalis, a consortium of 37 major European banks, has secured a license from the Dutch central bank for stablecoin issuance. CoinDesk reported on Oct. 14 that Qivalis had obtained authorization as an electronic money institution, or EMI, from De Nede

Bitcoin Falls Below $83,000; Kimchi Premium at 0.8%

Bitcoin fell below $83,000 as its price continued to decline. According to CoinMarketCap, Bitcoin was trading at $82,754.86 as of 9:36 p.m. Korea Standard Time on October 14, down 0.64% from a day earlier. That was also 1.04% lower than a week earlie

US September CPI Rises 3.7%, Slightly Above Forecast

US consumer prices rose slightly more than expected in September. The Bureau of Labor Statistics, an agency of the US Labor Department, said on October 14 that the consumer price index rose 3.7% from a year earlier in September. That was 0.1 percenta

SBF Seeks US Supreme Court Review, Challenges $11 Billion Forfeiture

Sam Bankman-Fried, the former chief executive officer of bankrupt cryptocurrency exchange FTX, petitioned the US Supreme Court last month to review his conviction. Cointelegraph reported on October 14 that Jeffrey Fisher, an attorney for Bankman-Frie

Coins.ph Denies Reports of Philippine License Revocation

Philippine cryptocurrency exchange Coins.ph denied reports that its local license could be revoked. Cointelegraph reported on October 14 that Coins.ph rejected allegations that its authorization to operate in the Philippines could be canceled over su

Kraken Pursues Acquisition of Lithuania’s Soldo Bank to Expand Lending

Kraken, the U.S. cryptocurrency exchange, is pursuing the acquisition of Lithuania’s Soldo Bank to expand its lending business and other services. The Financial Times reported on October 14 that Payward, Kraken’s parent company, recently began work o

UK Bitcoin Treasury Firm Smarter Web’s Preferred Shares MORE Begin Trading in London With 12% Annualized Dividend

The preferred shares of The Smarter Web Company, a UK Bitcoin treasury firm, have begun trading on the London Stock Exchange. Bitcoin Treasuries reported on October 14 that trading in The Smarter Web Company’s preferred shares, MORE, started on the L

Standard Chartered Launches Bitcoin, Ether Trading for Wealthy UAE Clients

Standard Chartered has launched a service in the United Arab Emirates that allows clients to trade cryptocurrencies directly. The bank said on Oct. 14 that UAE clients can now buy and sell two cryptocurrencies — Bitcoin and Ether — through their exis

Strive Bought 3,311 Bitcoin Last Week at an Average Price of $84,500

Strive, a U.S. digital-asset treasury company focused on Bitcoin, bought more than 3,300 Bitcoin last week. Lookonchain said on Oct. 14 that Strive added 3,311 Bitcoin over the past week. The company paid an average of about $84,500 per token, for a

Anthropic Plans First Disclosure of Quarterly Results Ahead of IPO

Anthropic, the U.S. artificial intelligence startup preparing for an initial public offering, plans to disclose quarterly financial results to potential investors for the first time. According to Odaily and other reports, the company will hold a brie

DigitalX to Move Offices Next Month to Mirae Asset Securities Headquarters

DigitalX, the virtual-asset exchange owned by Mirae Asset Group, will move its office next month to Mirae Asset Securities' headquarters in Seoul. DigitalX said on Oct. 14 that it will relocate to the Mirae Asset Center 1 building in Jung-gu, Seoul,

GOPAX Operator Among Firms Hit as South Korea Financial-Sector Hack Spreads to Crypto Industry

Recent hacking attacks targeting South Korea’s financial sector have also hit the cryptocurrency industry, authorities said. The Financial Services Commission said on October 14 that five more companies were newly confirmed to have suffered hacking d

Fundstrat Sees Global Stocks Rising for Next Six Months, Says Pullbacks Are Buying Opportunities

Fundstrat expects global equities to remain strong over the next six months. BlockBeats reported on October 14 that Mark Newton, Fundstrat’s head of technical strategy, said in a recent interview that global stock markets have a high chance of advanc

[Exclusive] Korea Tax Institute Flags Fairness Concerns Over Crypto Tax With Stocks Untaxed

South Korea’s state-run Korea Institute of Public Finance has raised concerns over the fairness of taxing virtual assets, or cryptocurrencies. The issue is gaining urgency ahead of the planned start of the tax next year, as calls for another delay gr

Sui Invests $30 Million in Data Network, Becomes Largest Holder

Sui is bringing Data Network, an AI training-data provenance project formerly known as Story, into its ecosystem. The Data Foundation said on Oct. 12 that the Sui Foundation invested $30 million in Data Network, making it the network’s largest holder

Former New York Governor Cuomo Says Tokenized Stocks Will Bring 'Radical Change' to Markets

Former New York Governor Andrew Cuomo said on October 10 that tokenized stocks would bring "radical change" to financial markets. In an interview with The Wall Street Journal published that day, Cuomo said the tokenization of U.S. stocks could become

Ledger Asks Cryptovilles to Halt Sales After Southeast Asia Asset Thefts

Ledger, the maker of cryptocurrency hardware wallets, has begun responding to a string of asset thefts affecting users in Southeast Asia. BlockBeats and other outlets reported on October 9 that Ledger recently asked Cryptovilles to stop selling and s

US Spot Bitcoin ETFs See $244 Million of Net Outflows for Second Straight Session

US spot Bitcoin exchange-traded funds recorded large net outflows for a second straight trading session. US spot Ether ETFs also saw money leave for an eighth consecutive session. According to on-chain data provider SoSoValue, US Bitcoin ETFs posted

Base Founder Says Tokenized Stocks, Non-Dollar Stablecoins to Drive 'Tokenization Supercycle'

Jesse Pollak, founder of Base, said tokenized stocks and non-dollar stablecoins will lead a future "tokenization supercycle." In an interview with The Block published on October 9, Pollak said the market is underestimating the potential of non-dollar

Ripple Chairman Chris Larsen Gave at Least $22.5 Million to US Midterm Candidates, Super PACs, Criticizes Industry PAC

Chris Larsen, Ripple’s co-founder and chairman, has donated more than $22 million to US political groups. In an interview with Bloomberg published on October 9, Larsen said he had contributed at least $22.5 million of his own money to candidates and