JOON HYOUNG LEE

Binance Ethereum Holdings Hit Six-Month Low; Daily Withdrawal Count Reaches Record 320,000

Ethereum holdings on global cryptocurrency exchange Binance have fallen to their lowest level in six months. Darkfost, a CryptoQuant contributor, wrote on Oct. 8 that Binance's Ethereum reserves fell by about 100,000 tokens over the past three days,

EU Launches Review of Tokenized Collateral, Including Legal Rights Checks

The European Union is moving to assess the safety of tokenized collateral. Cointelegraph reported on October 9 that the European Securities and Markets Authority said it is examining the conditions under which EU central counterparties, or CCPs, can

Altman-Backed Meanwhile Raises $37.5 Million to Expand Business

Meanwhile, a Bitcoin life insurer backed by OpenAI Chief Executive Officer Sam Altman, has raised a sizable new round of funding. CoinDesk reported on Oct. 8 that the company had raised $37.5 million in fresh capital. The round was led by existing in

Fidelity Says It’s Too Early to Declare End of Bitcoin Bear Market, Eyes November

Fidelity Digital Assets, the crypto unit of global asset manager Fidelity, said it is too early to conclude that Bitcoin’s recent gains mark the end of its bear market. Odaily reported on October 9 that Chris Kuiper, vice president of research at Fid

Binance Alpha to Delist 14 Tokens Including SUP, CUDIS; Withdrawals and Sales to Continue

Binance Alpha will delist 14 tokens, including SUP and CUDIS. BlockBeats and other outlets reported on Oct. 9 that Binance Alpha had announced the delisting of 14 tokens: SUP, CUDIS, PYTHIA, BLUM, KIN, DN, GAIA, STRIKE, CDL, KO, VRA, EPT, SLX and CAI

LD Capital’s Jack Yi Says Bitcoin Correction Isn’t Over, Sees High Odds of Drop Below $79,000

Jack Yi, founder of LD Capital, said Bitcoin is highly likely to fall below $79,000 in the near term. BlockBeats reported on Oct. 9 that Yi wrote on social media that Bitcoin had broken below $82,000 and that the next support level was $79,000. Given

Justin Sun Says He Shifted Entire Net Worth Into Crypto in 2012 as ‘System Upgrade’

Justin Sun, founder of Tron (TRX), said he converted his entire net worth into cryptocurrency in 2012. Sun said on a recent podcast that he had moved all of his assets into crypto after 2012, according to BlockBeats on Oct. 9. He described the decisi

US Bitcoin Miner Marathon Holdings Seen Selling Nearly 1,000 Bitcoin Worth $81.13 Million

Marathon Holdings, a U.S. Bitcoin miner, is believed to have sold about 1,000 Bitcoin. On-chain analytics firm Lookonchain said in an Oct. 9 post on X that Marathon Holdings is estimated to have sold 996 Bitcoin. The sale was worth $81.13 million at

Tom Lee Says BitMine Will Stop Buying Ether Once It Reaches 5% of Circulating Supply

BitMine, the world's largest corporate holder of Ether reserves, will stop buying the token once it reaches 5% of Ethereum's circulating supply. Tom Lee, BitMine's chairman, made the remark on October 7 at Token2049 in Singapore, CoinDesk reported. H

Uniswap Adds Support for Korean Tokenized Stocks on Arbitrum

Global decentralized exchange Uniswap (UNI) has added support for trading in Korean tokenized stocks. Uniswap said on X on October 7 that it supports trading in U.S. and Korean stocks on the Arbitrum (ARB) network. The assets are tokenized stocks iss

Kazakhstan Partners With Tether to Explore Tenge Stablecoin, Asset Tokenization

Kazakhstan’s central bank is partnering with Tether, the issuer of the dollar-pegged USDT stablecoin, to explore a stablecoin tied to the local tenge and the tokenization of real-world assets. CoinDesk reported on October 7 that Tether signed a memor

Moody’s Assigns Sky B3 Rating, First Credit Assessment for a Stablecoin Project

Moody’s Ratings has assigned a B3 credit rating to stablecoin project Sky. Sky Frontier Foundation, the organization behind Sky, announced on Oct. 7 that Moody’s assigned it a B3 rating. The outlook is stable. It marks the first time Moody’s has issu

Bitcoin Extends Decline, Falls Below $83,000

Bitcoin fell nearly 4% in a day, dropping below $83,000. According to CoinMarketCap, Bitcoin was trading at $82,842.95 as of 10:48 p.m. on October 7 in South Korea, down 4.04% from a day earlier. It was also 2.1% lower than a week earlier. The kimchi

GSR Enters On-Chain Lending With Turtle, Commits $100 Million to Hare

Crypto market maker GSR is moving into on-chain lending. BlockBeats reported on Oct. 8 that GSR had unveiled an on-chain lending venture called Hare with liquidity platform Turtle. GSR also committed $100 million in funding for the project that day.

Polymarket CEO Says Chasing 100x Crypto Returns Is Like a 'Hot Potato' Game

Polymarket Chief Executive Officer Shayne Coplan criticized crypto investments aimed at delivering 100-fold returns, calling them akin to a game of hot potato. Cointelegraph reported on October 7 that Coplan, speaking at the Token2049 conference in S

Coinbase Completes Deribit Integration, Plans to Relaunch Pro Service This Year

Coinbase, the U.S. cryptocurrency exchange, has completed its integration with options exchange Deribit. Coinbase said on Oct. 7 that it had finished the Deribit integration. The company plans to roll out Deribit-based options trading, spot margin tr

NEAR Co-Founder Says On-Chain Advances Are Reducing Reliance on Centralized Exchanges

Illia Polosukhin, co-founder of NEAR Protocol, said advances in on-chain technology are reducing reliance on centralized exchanges, or CEXs. Speaking at the Digital Asset Summit Asia conference in Singapore on Oct. 7, Polosukhin said users no longer

Bitmine’s Tom Lee Says Tokenization ‘Supercycle’ Is Starting, Sees TradFi Fully Tokenized Within 10 Years

Tom Lee, chairman of Bitmine, the world’s largest corporate Ethereum treasury company, said a tokenization “supercycle” is beginning and that all of traditional finance, or TradFi, will be tokenized within the next decade. BlockBeats reported on Octo

Robinhood Adds $25 Million in Bitcoin to Treasury Assets

Robinhood, the U.S. stock-trading platform, has added $25 million of Bitcoin to its treasury assets. Johann Kerbrat, Robinhood's senior vice president for crypto and global business, disclosed the move at the Digital Asset Summit Asia conference in S

Evernode Delays Nasdaq Listing to Oct. 12 on Administrative Delay

Evernode, an XRP-based digital-asset treasury company, has delayed its planned Nasdaq listing. The company said on Oct. 7 that its expected Nasdaq listing date had been pushed back to Oct. 12 from Oct. 8 because of an administrative delay. Evernode h

Russia Registers First Crypto Trading, Custody Firms; Sberbank Among Entrants

Russian authorities have completed the country’s first registration of cryptocurrency trading and custody firms, with Sberbank, the nation’s largest bank, among those on the list. The Central Bank of Russia said on October 6 that it had registered fo

Solana Foundation Chair Says Tokenization’s Core Value Is Expanding Access to US Assets

Lily Liu, chair of the Solana Foundation, said the core value of asset tokenization lies in expanding investment access to U.S. assets. BlockBeats reported on October 7 that Liu, speaking at Token2049 in Singapore that day, said tokenization is not a

Parataxis Ethereum Withdraws Parataxis Korea Merger Plan, Citing Shareholder Confusion

A planned merger between South Korean digital-asset treasury company Parataxis Ethereum and Parataxis Korea has been scrapped. Parataxis Ethereum said on Oct. 6 that its board had resolved to terminate the merger agreement with Parataxis Korea. The t

WSJ: White House Plans ‘Super Intelligence’ Task Force

The White House plans to launch a “Super Intelligence” task force to examine the risks and opportunities surrounding artificial intelligence. The Wall Street Journal reported on Oct. 4 that Director of National Intelligence Jay Clayton said the White

Solana Meme Coin Super Inu Jumps, Tops $45 Million Market Cap on Musk’s ‘SI’ Remark

Solana-based meme coin Super Inu (SI) posted a short-term gain of more than 20%. BlockBeats reported that Super Inu surged more than 22% at one point on Oct. 4. The rally briefly lifted its market capitalization above $45 million. The jump followed c

[Weekly Economic and Crypto Calendar] Fed's September FOMC Minutes in Focus

<Key Economic Events This Week> ▶︎Oct. 5 (Mon.): △U.S. September Services PMI (9:45 a.m. ET / 10:45 p.m. Korea Standard Time) △U.S. September ISM Non-Manufacturing Index (10 a.m. ET / 11 p.m. Korea Standard Time) △South Korea September foreign-exchan

Iran Reaffirms Strait of Hormuz Won’t Reopen Until US Meets Seven Conditions

Iran has reaffirmed that it will not reopen the Strait of Hormuz unless the conditions it presented to the United States are accepted. Reuters reported on October 4 that Iranian Parliament Speaker Mohammad Bagher Ghalibaf said the Strait of Hormuz wo

Bitcoin Tops $85,000; Kimchi Premium at 0.70%

Bitcoin traded above $85,000. According to CoinMarketCap, Bitcoin was changing hands at $85,132.47 as of 5:23 p.m. on October 4 in Korea, up 0.66% from a day earlier. That was 0.4% higher than a week earlier. The kimchi premium remained in the 0% ran

Russia Finance Ministry Makes First Salary Payments in Digital Rubles, Amount Undisclosed

Russia has paid some government employees in a central bank digital currency for the first time. The Russian Finance Ministry said on October 2 that it began paying salaries in digital rubles this month to employees who opted in, according to an indu

CFTC Chair Says Agency Will Keep Drafting Crypto Rules Under Existing Authority

Michael Selig, chair of the U.S. Commodity Futures Trading Commission, said the agency will continue drafting its own cryptocurrency rules using existing authority. Selig recently said each regulator already has substantial legal authority and will k