JOON HYOUNG LEE

[Market Wrap] Bitcoin briefly dips below $69,000… Korea premium at 0.46%

Bitcoin (BTC) fell below $69,000. According to CoinMarketCap on the 6th, as of 12:04 a.m. this morning, Bitcoin was trading at $68,873.7, down 7.39% from the previous day. Compared with a week earlier, it is down a sharp 20.23%. The so-called “Korea

European Central Bank holds rates... "Euro strength could push inflation lower"

The European Central Bank (ECB) held all three key policy rates, including the deposit facility rate, unchanged. The ECB convened its monetary policy meeting in Frankfurt, Germany, on the 5th (local time) and kept the deposit facility rate unchanged

'Trump family' World Liberty sells 73 Wrapped Bitcoin, worth $5 million

World Liberty Financial (WLFI) sold off $5 million worth of Wrapped Bitcoin (WBTC). According to Lookonchain on the 5th (local time), World Liberty Financial sold 73 WBTC on the day. The total proceeds came to $5.04 million, implying an average selli

[Market] Bitcoin tops $70,000…Kimchi premium at 0.12%

Bitcoin (BTC) has risen above $70,000. According to CoinMarketCap on the 5th, as of 11:41 p.m. that day, Bitcoin was trading at $70,556.16, down 6.32% from the previous day. That marks a 19.57% plunge compared with a week earlier. The kimchi premium

Tether invests $100 million in Anchorage Digital: "Confident in its growth potential"

Tether (USDT), the issuer of the dollar stablecoin, has made a major investment in Anchorage Digital, a U.S. crypto bank. Tether said on the 5th (local time) that it has decided to make a $100 million strategic investment in Anchorage Digital. Tether

Bullish posts $560 million loss in Q4… shares plunge 5%

U.S. cryptocurrency exchange Bullish posted a net loss of $560 million in the fourth quarter of last year. Bullish said on the 5th (local time) it recorded a net loss of $563.6 million in Q4 2025. CoinDesk noted that this “contrasts with the net prof

U.S. initial jobless claims hit 231,000, far above expectations

U.S. initial jobless claims last week came in well above market expectations. The U.S. Department of Labor said on the 5th (local time) that initial jobless claims totaled 231,000 last week. That is 19,000 higher than the consensus forecast of 212,00

Bitcoin falls below $70,000… Strategy’s unrealized loss nears $4.6 billion

Bitcoin (BTC) slipped below $70,000, pushing the unrealized loss at Strategy, the world’s largest corporate Bitcoin holder, to nearly $4.6 billion. According to Lookonchain on the 5th (local time), Strategy’s unrealized loss on its Bitcoin investment

Bank of England holds policy rate at 3.75%…prospects for future cuts rise

The Bank of England (BoE) left its policy rate unchanged. The BoE said on the 5th (local time) that it decided at a Monetary Policy Committee (MPC) meeting to keep the policy rate at 3.75% per year. Five of the nine MPC members, including BoE Governo

Korea Exchange says KOSPI has ample room to reach 6,000… also pushing for digital-asset ETFs

Jung Eun-bo, chairman of the Korea Exchange (KRX), said on the 5th that “there is no major issue with the KOSPI moving above 6,000.” Speaking at a New Year press briefing held at the KRX’s Seoul office, Jung said, “Compared with major overseas market

[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%

Bitcoin (BTC) fell below $70,000. According to CoinMarketCap on the 5th, Bitcoin was trading at $69,512.27 as of 9:19 p.m., down 8.68% from the previous day. That marks a 20.95% plunge compared with a week earlier. It is the first time since November

Nevada court rejects request to halt Coinbase prediction markets

A Nevada court in the United States has rejected a regulator’s order seeking to suspend Coinbase’s prediction-market service. According to Cointelegraph on the 5th (local time), the Nevada court made the decision a day earlier (the 4th). The court pl

Bitcoin slips to $70,000… DWF Labs: "Near the bottom"

DWF Labs, a crypto-specialist market maker (MM), said it sees bitcoin (BTC) prices as nearing a bottom. Andrei Grachev, co-founder of DWF Labs, wrote on X on the 5th (local time) that the “(crypto) market is very close to the bottom.” Grachev added t

"It will shrink the market"…Ruling and opposition parties voice concerns at the National Assembly’s Political Affairs Committee over 'caps on major shareholders’ stakes in exchanges'

Both the ruling and opposition parties on the 5th voiced concerns in unison at the National Assembly’s Political Affairs Committee over the government’s proposed policy to cap major shareholders’ stakes in “virtual asset exchanges.” Rep. Kim Sang-hoo

Tron buys back its own tokens… Justin Sun: “Keep going”

Tron (TRX) has made an additional purchase of more than 170,000 of its own tokens. Justin Sun, the founder of Tron, says he intends to continue buying back the token. Tron said on the 5th (local time) via its official X account, “We additionally purc

"Even Vitalik has sold"…$6.6 million worth of Ethereum offloaded in three days

Vitalik Buterin, co-founder of Ethereum (ETH), has sold nearly $7 million worth of Ether over the past three days. According to Lookonchain on the 5th (local time), Buterin sold 2,961.5 ETH over the past three days. The average selling price was $2,2

[Market] Bitcoin tops $71,000… Kimchi premium at 0.48%

Bitcoin (BTC) rose above $71,000. According to CoinMarketCap on the 5th, bitcoin was trading at $71,183.04 as of 4:23 p.m. that day, down 6.77% from the previous day. That marks a 19.27% plunge compared with a week earlier. The kimchi premium remaine

[Analysis] Coinbase premium hits lowest level in a year… “Institutional selling pressure intensifies”

The Coinbase premium indicator, which reflects US demand for Bitcoin (BTC), has recently fallen to its lowest level in the past year. Darkfost, a CryptoQuant contributor, said on X on the 5th (local time), “This is the first time since the beginning

Bhutan cuts losses after bitcoin plunge… sold $22 million worth

Bhutan has recently sold bitcoin (BTC) worth $22 million (about 32 billion won), according to reports. Cointelegraph, citing data from blockchain analytics firm Arkham, reported on the 5th (local time) that Bhutan has transferred $22.3 million worth

"Could fall to $1"…XRP hits lowest level in 15 months

XRP’s price has hit a 15-month low. According to CoinMarketCap on the 5th, XRP is trading around $1.42, down more than 10% from the previous day as of that day. It is the lowest level since November 2024, when Donald Trump was elected U.S. president.

DSRV secures strategic investment from Hyundai Motor Group… "Laying the groundwork for collaboration"

Domestic blockchain infrastructure firm DSRV has attracted an investment from Hyundai Motor Group. DSRV said on the 5th that it secured a strategic investment from Hyundai Motor Group’s ZER01NE Fund. The ZER01NE Fund was established by Hyundai Motor

UBS: "Reviewing crypto services…no plan to be a first mover"

Swiss investment bank (IB) UBS is reportedly reviewing ways to allow clients access to crypto investing. According to overseas media outlets including Bitcoin Magazine on the 4th (local time), UBS Group Chief Executive Officer (CEO) Sergio Ermotti sa

Arthur Hayes buys an additional 58,000 Hyperliquid tokens…worth $1.9 million

Arthur Hayes, co-founder of BitMEX, has purchased additional Hyperliquid (HYPE) worth $1.9 million. According to Lookonchain on the 4th (local time), Hayes bought about 58,000 Hyperliquid tokens over the past 24 hours. At current prices, the purchase

Ripple adds Hyperliquid to institutional services: "First DeFi platform"

Ripple, the issuer of XRP, has added Hyperliquid (HYPE) to its institutional services. According to The Block on the 4th (local time), Ripple Prime announced that it will add Hyperliquid to its list of supported platforms. This marks the first time a

Citi: "Bitcoin ETF inflows slowing... a key inflection point"

Citi, a global investment bank (IB), said in a recent analysis that Bitcoin (BTC) is nearing an inflection point that could determine its near-term price direction. According to CoinDesk on the 4th (local time), Citi said in a report released the pre

US January ADP private payrolls rise by 22,000, far below expectations

US private-sector employment data for last month came in well below market expectations. According to the Automatic Data Processing (ADP) employment report released on the 4th (local time), US nonfarm employment rose by 22,000 from the previous month

Patrik Witt: “The CLARITY Act is more important than the GENIUS Act”

Patrik Witt, executive director of the White House Crypto Advisory Committee, said the “Crypto market structure bill (the CLARITY Act) is more important than the GENIUS Act.” According to CoinDesk on the 3rd (local time), Witt made the remarks while

"BitMine is sitting on $6.6bn in losses" criticism draws response… Tom Lee: "You’re missing the point of a DAT"

Tom Lee, chairman of BitMine, the world’s largest Ethereum (ETH) treasury holder, said recently that the company’s unrealized losses are "not the core of a digital asset treasury (DAT) company." In a post on X on the 3rd (local time), Lee said, "(Foc

TRM Labs raises $70 million in Series C, joins the ranks of 'crypto unicorns'

Blockchain analytics firm TRM Labs has reached a valuation of $1 billion (approximately $1.46 billion). According to U.S. magazine Fortune on the 4th (local time), TRM Labs recently completed a $70 million Series C funding round. Participants in the

Binance secures $155.6bn in reserves…BNB accounts for 22%

Global cryptocurrency exchange Binance was found to hold reserves worth $155.6bn (about KRW 227trn). According to CoinMarketCap on the 4th (local time), Binance’s reserves totaled $155.64bn as of the end of last month, the largest among cryptocurrenc