JOON HYOUNG LEE

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

Ethereum gas limit raised…45 million→60 million

The Ethereum (ETH) network's block gas limit has been raised by about 33%. Toni Wahrstätter (Ethereum Foundation researcher) said on the 26th (local time) via X, "Ethereum's gas limit is now operating at 60 million," adding, "this figure has doubled

[Analysis] "Bitcoin structurally vulnerable… possibility of retesting 81,000 dollars"

An analysis said that the price of Bitcoin (BTC) is in a structurally vulnerable state. On-chain analytics firm Glassnode said in its weekly report on the 26th (local time) that "over the past few weeks Bitcoin's price has been compressed between 81,

Ark Invest adds to Coinbase shares… $16.5 million

'Money Tree Sister' Cathie Wood-led ARK Invest purchased an additional $16.5 million (about ₩24 billion) worth of Coinbase shares. On the 27th (local time), The Block reported that ARK Invest bought 62,166 Coinbase shares through an exchange-traded f

'Guilty plea' Do Kwon files brief in U.S..."A 5-year sentence is sufficient"

Do Kwon, founder of Terraform Labs, who is facing criminal trial in the United States on charges including fraud related to the issuance of the stablecoin TerraUSD (UST), stated that his sentence should not exceed five years. According to Bloomberg o

Bitcoin Breaks Through $91,000…"Mid-$90,000s Is the Resistance Line"

Bitcoin (BTC) prices could face strong resistance in the mid-$90,000s if the uptrend continues. According to CoinDesk on the 27th (local time), Singapore-based cryptocurrency trading firm QCP Capital said in a report that "(Bitcoin) supply will limit

XRP ETF absorbs 80 million tokens in one day... assets under management near $800M

The XRP spot exchange-traded funds (ETFs) launched in the United States sucked up about 80 million XRP tokens in a single day after their launch. On the 27th (local time), according to XRP Insights and others, four new XRP spot ETFs, including Graysc

[Analysis] "Binance XRP Holdings Plummet…Signal of Rising Demand"

The world's largest cryptocurrency exchange, Binance, has recently seen a sharp decline in its XRP holdings. Darkpost (Darkfost), a CryptoQuant contributor, said on the 27th (local time) via CryptoQuant, "Since last month, Binance's XRP holdings have

[Op-Ed] The Paradox of Digital Gold: Why Has Bitcoin Still Not Worn the Market's Crown?

| Kim Seojun, CEO of Hashed In December 2024, a historic milestone was reached in the financial markets. The total assets under management (AUM) of Bitcoin exchange-traded funds (ETFs) surpassed those of traditional gold ETFs for the first time. Achi

[Market] Bitcoin falls below $91,000… Kimchi premium 1.34%

Bitcoin (BTC) price fell below $91,000. On the 20th, according to CoinMarketCap, Bitcoin was trading at $90,774.82 at 11:09 p.m., down 0.47% from the previous day. Compared with a week ago, it was down 11.43%. The kimchi premium was in the 1% range.

Tether invests in Parfin…expands Latin American operations

Tether (USDT), the dollar stablecoin issuer, is investing in Latin America–based web3 infrastructure firm Parfin (Parfin). Tether said on the 20th (local time) that it had decided to invest in Parfin. The specific investment amount was not disclosed.

[Breaking] U.S. September unemployment rate 4.4%... up 0.1 percentage point from the previous month

U.S. September nonfarm payrolls 119,000…far exceed expectations

Last month, U.S. employment figures greatly exceeded market expectations. The U.S. Department of Labor said on the 20th (local time) that nonfarm payroll employment increased by 119,000 in September from the previous month. This figure is more than d

Amid growing December 'rate-hold' outlook…"Bitcoin to $60,000" warning

There are views that if the U.S. Federal Reserve (Fed) holds interest rates next month, the price of Bitcoin (BTC) could fall to the $60,000 range. A CryptoQuant contributor from XWIN Research Japan told CryptoQuant on the 20th (local time), "If the

Grayscale's 'Sui Trust' launches on U.S. OTC market

U.S. asset manager Grayscale has launched a new investment product based on Sui (SUI). Grayscale said on the 20th (local time) that trading of its 'Sui Trust (GSUI)' began on OTCQX, the U.S. over-the-counter (OTC) market. Grayscale explained, "GSUI p

ARK Invest buys additional $40 million in cryptocurrency stocks... Circle, Bullish, etc.

'Money-tree sister' Cathie Wood-led ARK Invest bought an additional $40 million (about 60 billion won) worth of cryptocurrency-related stocks. On the 20th (local time), The Block reported that ARK Invest disclosed it had bought an additional $17.7 mi

Japan's MetaPlanet to issue preferred shares worth about 200 billion won… "for Bitcoin purchase"

'Japan's version of "Strategy",' MetaPlanet is pushing to issue preferred shares worth 21 billion yen (about 200 billion won) to stockpile Bitcoin (BTC). MetaPlanet disclosed on the 20th (local time) that it will issue 23.61 million preferred shares.

Digital asset linked to the rupee to launch in India next year…"Complement to CBDC"

A digital asset pegged 1-to-1 to the rupee is set to be launched in India as early as the first quarter of next year. According to CoinDesk on the 20th (local time), Indian fintech firm Anq said it plans to launch the digital asset 'ARC' next year in

Bitwise's 'XRP ETF' listed today…two more to be launched next week

U.S. asset manager Bitwise's XRP spot exchange-traded fund (ETF) is launching today. Bitwise said on the 20th (local time) that its new XRP spot ETF, 'XRP', will be listed on the New York Stock Exchange (NYSE) that day. Bitwise said "ETF management f

"Bitmine's valuation losses estimated at $3.7 billion…losses accumulate like compound interest"

Recently, amid the cryptocurrency bear market, analysis has estimated that Bitmine, the world's largest Ethereum (ETH) reserves company, has valuation losses of $3.7 billion (about 5.4 trillion won). Cryptocurrency analytics firm 10x Research said on

[Market] Bitcoin falls below $92,000… Kimchi premium 1.35%

Bitcoin (BTC) price fell below $92,000. On the 20th, according to CoinMarketCap, Bitcoin was trading at $91,774.72 as of 4:05 p.m., up 0.81% from the previous day. Compared with a week earlier, it was down 11.41%. The kimchi premium was in the 1% ran

[Analysis] "Ethereum, $2800 is a key support level…selling pressure weakens"

Analysis suggests that selling pressure on Ethereum (ETH) has weakened. MacD (MAC.D), a contributor to CryptoQuant, said on the 20th (local time) through CryptoQuant, "The $2800 range is highly likely to act as an important on-chain support level for

21Shares launches Solana spot ETF today… AUM USD 100 million

Swiss-based cryptocurrency exchange-traded product (ETP) issuer 21Shares is launching a Solana (SOL) spot exchange-traded fund (ETF). Eric Balchunas, Bloomberg ETF analyst, said on X on the 19th (local time), "21Shares is launching the Solana spot ET

Coinbase expands services in Brazil…"DEX trading also becomes possible"

U.S. cryptocurrency exchange Coinbase is expanding services in Brazil. Brian Armstrong, Coinbase CEO, said on the 19th (local time) via X (X), "We are expanding trading so that Brazilian users can easily access decentralized exchange (DEX) trading on

UAE sovereign wealth fund's Q3 Bitcoin investment surges… IBIT stake triples

Abu Dhabi Investment Council (ADIC), a Mubadala subsidiary of the United Arab Emirates (UAE) sovereign wealth fund, significantly expanded its Bitcoin (BTC)-related investments in the third quarter. On the 19th (local time), Bloomberg reported that A

Ahead of Nvidia earnings announcement… Bitget CEO "Cryptocurrencies also directly affected"

Analysts say Nvidia's third-quarter results announcement this year will also have a direct impact on the cryptocurrency market. Gracy Chen, CEO of global cryptocurrency exchange Bitget, said on the 19th (local time) on X that "Nvidia's third-quarter

'Chair vacancy' CFTC hearing imminent … "U.S. Senate to question cryptocurrency-related issues"

The U.S. Senate is reportedly planning to pose questions about cryptocurrency regulation at the confirmation hearing for the next Commodity Futures Trading Commission (CFTC) chair. On the 19th (local time), Reuters reported that U.S. senators plan to

[Analysis] "Bitcoin on-chain activity surged in November… Institutional liquidity reallocation"

This month, on-chain activity for Bitcoin (BTC) has surged. Arab Chain, a CryptoQuant contributor, said on the 19th (local time) via CryptoQuant, "According to the Bitcoin SO (Spent Output) indicator, on-chain activity clearly increased throughout th

Bitcoin ETF, $3 billion outflow this month… $2.1 billion withdrawn from BlackRock alone

U.S. spot Bitcoin (BTC) exchange-traded funds (ETF) have recorded a net outflow of about 3 billion dollars so far this month. According to Cointelegraph on the 19th (local time), spot Bitcoin ETFs saw a cumulative net outflow of $2.96 billion (about