JOON HYOUNG LEE

Ethereum accumulation pace slows… DAT firms' purchase volume halved in a month

The Ethereum (ETH) purchase volume of digital asset treasuries (DAT) has reportedly halved over the past month. On the 3rd (local time), according to Bitwise, DAT firms such as Bitmain and SharpLink saw Ethereum purchases fall from 670,000 in October

[Market] Bitcoin falls below $92,000…kimchi premium 1.49%

Bitcoin (BTC) price fell below $92,000. On the 3rd, according to CoinMarketCap, as of 11:09 PM that day Bitcoin was trading at $91,942.04, up 4.52% from the previous day. Compared with a week ago, it rose 5.68%. The kimchi premium recorded in the 1%

U.S. November ADP nonfarm employment 32,000 ↓…far below expectations

Last month, the U.S. private-sector employment indicator fell far below market expectations. On the 3rd (local time), according to the Automatic Data Processing (ADP) employment report, the number of nonfarm employees in the U.S. last month decreased

[Analysis] "Coinbase Premium on the rise…a pre-rally consolidation signal"

An analysis said Bitcoin (BTC) price is building a new price base before entering an uptrend. Arab Chain, a CryptoQuant contributor, said on the 3rd (local time) via CryptoQuant, "The 'Coinbase Premium' indicator has shown clear changes in recent day

Taiwan also suddenly allows stablecoins…first launch expected next year

Taiwan is seeking to introduce a stablecoin as early as next year. On the 3rd (local time), according to local media such as Focus Taiwan, Peng Jin-lung, chairman of the Taiwan Financial Supervisory Commission (FSC), said, "A stablecoin could be laun

Ethena stablecoin market cap plummets… $2.2 billion evaporated in a month

Ethena (ENA)'s synthetic dollar stablecoin USDe's market capitalization has reportedly evaporated by about $2.2 billion (approximately 3.2 trillion won) over the past month. According to cryptocurrency market tracking platform CoinGecko on the 3rd (l

"MicroStrategy, discusses index exclusion with MSCI… $8.8 billion outflow if delisted"

MicroStrategy, the world's largest Bitcoin (BTC) treasury company, is reportedly in talks with Morgan Stanley Capital International (MSCI) about possible exclusion from MSCI indices. According to Reuters on the 3rd (local time), Michael Saylor, chair

BlackRock IBIT option contracts approach 7.7 million…enter US top 10

Option contracts linked to IBIT, BlackRock's Bitcoin (BTC) spot exchange-traded fund, have surpassed 7.7 million. CoinDesk reported on the 3rd (local time), citing data from optioncharts, that IBIT-related option contracts totaled about 7.71 million

"Famous whale who shouted 'It's a bear market now'…bets 40x on 'Bitcoin long'"

James Wynn, known as a whale of the decentralized exchange (DEX) Hyperliquid (HYPE), bet on a Bitcoin (BTC) long (buy) position with 40x leverage. On the 3rd (local time), according to on-chain analytics firm OnChainLens, James Wynn opened a Bitcoin

[Analysis] "Bitcoin forms a 'higher low'…suggests potential for further gains"

Bitcoin (BTC) prices rose nearly 7% in a single day, and analysis suggests there is potential for further gains. Cryptocurrency analysis firm Matrixport said on the 3rd (local time) via X, "Technically, Bitcoin has formed a 'higher low' and secured a

"MicroStrategy 'bankruptcy threshold', Bitcoin $23,000…2028 is key"

An analysis has emerged that MicroStrategy, the world's largest Bitcoin (BTC) holding company, has a 'bankruptcy threshold' at a Bitcoin price of $23,000. On the 3rd, according to the industry, domestic web3 research firm Tiger Research recently anal

Bitcoin, which had been rebounding…'Yearn Finance hack' causes even 86,000 dollars to break down

Bitcoin, nearly 6% plunge in a day 'Yearn Finance hack' direct hit Chain liquidations deepen the decline U.S. ETFs saw 3.5 billion dollars outflow last month "Could fall to 75,000 dollars within the year" Bitcoin (BTC) prices, which had been showing

Uzbekistan also adopts stablecoins…to pursue payment system development from next year

Uzbekistan officially adopts stablecoins. On the 28th (local time), according to Cointelegraph, Uzbekistan's new stablecoin regulatory framework will take effect on January 1 next year. Cointelegraph said "(through the framework) a pilot project to d

Tether withdraws from Bitcoin mining operations in Uruguay… 30 local employees laid off

Dollar stablecoin issuer Tether (USDT) has stopped its Bitcoin (BTC) mining operations in Uruguay. Tether told Cointelegraph on the 28th (local time), "We have stopped (Bitcoin mining operations) in Uruguay." Tether said, "We will continue to be comm

[Market] Bitcoin surpasses $92,000…Kimchi premium 2.11%

Bitcoin (BTC) price surpassed $92,000. According to CoinMarketCap on the 28th, Bitcoin was trading at $92,327.34 as of 10:49 PM, up 1.72% from the previous day. Compared with a week ago, it rose 9.56%. The kimchi premium was in the 2% range. Accordin

[Analysis] "Increasing inflows of Bitcoin and Ethereum at Binance… Sell pressure signal"

The world’s largest cryptocurrency exchange Binance's Bitcoin (BTC) and Ethereum (ETH) have recently shown an increasing trend. TeddyVision, a CryptoQuant contributor, said on the 28th (local time) through CryptoQuant that "the 7-day cumulative 'Exch

Ripple stablecoin surpasses $1 billion market cap on Ethereum alone… one year after launch

RLUSD, Ripple's stablecoin (Ripple is the issuer of XRP), has surpassed $1 billion (about 1.5 trillion won) in market capitalization on Ethereum (ETH). On the 28th (local time), according to on-chain analytics firm Token Terminal, RLUSD's market cap

KuCoin obtains MiCA license… Can operate in the EU

Singapore-based cryptocurrency exchange KuCoin has obtained the European Union's (EU) MiCA license. On the 28th (local time), according to CoinDesk, KuCoin EU announced that it had obtained a MiCA license in Austria that day. KuCoin EU is KuCoin's Eu

Dunamu "Upbit tracking hacked assets…freezing measures underway"

Dunamu, the operator of Upbit, South Korea's largest cryptocurrency exchange, said regarding the recent hacking incident that "it is tracking the hacked assets and taking freezing measures." Oh Kyung-seok, Dunamu's CEO, said on the 28th, "Upbit has s

Financial Services Commission Chair "Strict crackdown on virtual asset money laundering… expand travel rule to transactions of 1,000,000 won or less"

The Financial Services Commission has expressed its intention to strengthen the travel rule regulation, commonly referred to as the 'coin real-name system'. Lee Eok-yeom, Chair of the Financial Services Commission, said on the 28th at the Financial I

BitMine buys an additional US$44 million of Ethereum…"Goes to US$9,000 early next year"

The world's largest Ethereum (ETH) holding company BitMine has purchased an additional US$44 million (about KRW 65 billion) worth of Ethereum. On the 28th (local time), according to LookonChain, BitMine newly bought 14,618 Ethereum that day. At curre

[Analysis] "Bitcoin short-term resistance is $93,000… must break to regain ATH momentum"

An analysis said Bitcoin (BTC) must break the short-term resistance in the $93,000 range to secure upward momentum. On-chain analytics company Glassnode said on the 28th (local time) via its official X account, "(Bitcoin's) currently most important s

Bitcoin records its worst November in 6 years... average monthly decline 16.7%

Bitcoin (BTC) has hit its 'worst November' in six years since 2019. On the 28th (local time), according to CoinGlass, the average change in bitcoin prices for this month was -16.75% as of that day. Looking only at average monthly change rates, it is

Whale funds flocking to Binance… surpass $7.5 billion in one month

Over the past month, whale (large investor) funds flowing into the world's largest cryptocurrency exchange Binance have reached a year-to-date high. Maartunn, a CryptoQuant contributor, said on the 28th (local time) through CryptoQuant, "Whale funds

Tether CEO protests S&P downgrade... "We are proud of your (traditional finance's) disdain"

Paolo Ardoino, Tether (USDT) chief executive officer (CEO), has pushed back against the rating assessment by international credit rater Standard & Poor's (S&P). Ardoino said on the 27th (local time) via X (X), "We are proud of your (traditional finan

US Solana ETF, US$8 million net outflow…22-day net inflow streak halted

The US Solana (SOL) spot exchange-traded fund (ETF) recorded its first net outflow since its launch. On the 27th (local time), according to SosoValue, US$8.1 million in funds were net withdrawn from the Solana spot ETF on the previous day (26th). It

Visa, AquaNow partnership…"Expanding stablecoin business"

Global payments company Visa is partnering with crypto service provider AquaNow to expand its stablecoin business to Europe, the Middle East and beyond. Visa announced on the 27th (local time) that it had entered into a partnership with AquaNow. Visa

Australian Treasury pushes to enact 'cryptocurrency regulation law'…introducing licenses, etc.

The Australian government is pushing to enact a cryptocurrency regulation law. On the 27th (local time), according to foreign media including Cointelegraph, Daniel Mulino (Daniel Mulino), a deputy at the Australian Treasury, introduced the 'Digital A

US 'Alt5' linked to the Trump family… CEO & COO dismissed simultaneously

Alt5 Sigma, a Nasdaq-listed company known to be associated with U.S. President Donald Trump's family, dismissed its chief executive officer (CEO) and chief operating officer (COO) at the same time. On the 27th (local time), Bloomberg reported that Al

'Jumpy Bitcoin' targeted… Michael Saylor "Volatility is Vitality"

Michael Saylor, MicroStrategy chairman, recently mentioned Bitcoin (BTC) price volatility. On the 27th (local time), Saylor said on X, "Volatility is Vitality." It is interpreted as a remark aimed at recent Bitcoin price volatility. That day, the Bit