JOON HYOUNG LEE

Bitcoin ETF, $3 billion outflow this month… $2.1 billion withdrawn from BlackRock alone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

U.S. Kraken raises $800M in new funding…"Expansion into overseas markets"

U.S. cryptocurrency exchange Kraken has raised $800 million (about 1.2 trillion won) in new investment. Kraken said on the 18th (local time) that it secured $800 million in new funding in two rounds to pursue its strategic roadmap. Specifically, in t

Ondo Finance obtains new approval in the EU…"Tokenized stock sales now possible"

Real-world asset (RWA) firm Ondo Finance (ONDO) has obtained approval in the European Union (EU) to sell tokenized stocks. Ondo Finance said on the 18th (local time) that it received EU approval to offer tokenized stocks and exchange-traded funds (ET

U.S. Coinbase to Enter Prediction Markets…"Collaboration with Kalshi"

It has been claimed that U.S. cryptocurrency exchange Coinbase has begun developing a new prediction market platform. Tech researcher Jaen Wong said on the 19th (local time) via X that "Coinbase is developing a prediction market platform." Wong also

"Strategy stock undervalued…possibility of S&P500 inclusion next month remains"

An analysis said that despite the recent crypto bear market, the stock of Strategy, the world's largest Bitcoin (BTC) treasury company, is undervalued. Crypto analytics firm Matrixport said on the 19th (local time) via its official X account, "Strate

With the rise of quantum computers…Buterin warns "Ethereum could be neutralized within 3 years"

On the 19th (local time), DL News reported that Buterin attended the 'Devconnect' conference held in Buenos Aires, Argentina, on the previous day (18th) and said, "'Elliptic Curve Cryptography (ECC)' will disappear." Elliptic curve cryptography is a

'Real-time Ethereum' MegaETH…"Web2-like blockchain apps will become possible" [Coin Interview]

Interview with Shuyao Kong, MegaETH Co-founder Block time lowered to 10 milliseconds Fastest among existing blockchains "Provides a Web2-like experience" Token sale oversubscribed by 28x "We will create a 'public playground'" "The reason MegaETH valu

[Analysis] "Short-term Bitcoin investors' sell-off deepens… Signal of late-stage correction"

An analysis suggested that the Bitcoin (BTC) price correction may have reached the latter stage. An XWIN Research Japan contributor to CryptoQuant said on the 18th (local time) via CryptoQuant, "Bitcoin is entering the most severe short-term investor

U.S. Eightco holds 10% of Worldcoin supply… also secures 11,000 Ethereum

U.S. Nasdaq-listed company Eightco (Eightco) appears to have secured 10% of Worldcoin (WLD)'s circulating supply. On the 18th (local time), Eightco said in its monthly chairman's message, "It holds approximately 272,250,000 Worldcoin" and "this is mo

Bitcoin hashprice at lowest in 5 years… mining stocks also in decline

Hashprice, a key indicator of Bitcoin (BTC) mining profitability, has recently hit its lowest level in five years. CoinDesk reported on the 18th (local time), citing Luxor data, that Bitcoin hashprice was measured at 38.2 dollars per 1 petahash (PH/s

Large-scale Cloudflare outage… Cryptocurrency firms also 'hit'

A network outage at global web infrastructure company Cloudflare caused consecutive service interruptions in the cryptocurrency industry. On the 18th (local time), according to foreign media including CoinDesk, temporary service errors occurred that

Tether, investment in Ledn…"Expanding Bitcoin lending opportunities"

The dollar stablecoin issuer Tether (USDT) is investing in the cryptocurrency lending firm Ledn (Ledn). Tether said on the 18th (local time) that it had decided to invest in Ledn. Ledn is a Bitcoin (BTC)-based lending service company founded in Canad

U.S. Cypherpunk Buys Additional 30,000 Zcash… Worth US$18 Million

U.S. Nasdaq-listed Cypherpunk Technologies (Cypherpunk Technologies·formerly Leap Therapeutics) has made an additional purchase of Zcash (ZEC) worth US$18 million (approximately KRW 26 billion). Cypherpunk said on the 18th (local time) that it had pu

Canary·Fidelity Solana ETFs to be newly listed on the 18th

Two new Solana (SOL) spot exchange-traded funds (ETFs) will be newly listed. On the 18th (local time), according to Solana Floor, U.S. asset managers Fidelity and Canary's Solana spot ETFs will be listed in succession that day. Earlier, Fidelity subm

Brazil considering introduction of a 'cryptocurrency tax'…targets cross-border payments

The Brazilian government is reportedly considering imposing taxes on cross-border cryptocurrency payments. On the 18th (local time), Reuters reported that the Brazilian government is considering applying the Tax on Financial Transactions (IOF) to cro

'Money Tree Sister' Cathie Wood buys more Bullish shares… US$10 million scale

'Money Tree Sister' Cathie Wood-led ARK Invest has increased its investment in the cryptocurrency exchange Bullish. According to Cointelegraph on the 18th (local time), ARK Invest on the previous day (17th) additionally purchased Bullish shares worth

Kim Seojun, CEO of Hashed "This bear market is not scary… the cycle is fundamentally different"

Kim Seojun, CEO of Hashed said there is "no fundamental concern" about the recent major cryptocurrency price decline. On the 18th via X, Kim said, "I've ridden every roller coaster in crypto since 2015, but this bear market is not scary for the first

Grab, partners with StraitsX…"Expanding stablecoin services"

Grab, known as the Uber of Southeast Asia, is strengthening collaboration with stablecoin payment platform StraitsX to expand stablecoin services. StraitsX said on the 18th (local time) that it had signed a strategic memorandum of understanding (MOU)

[Market] Bitcoin Above $91,000…Kimchi Premium 1.0%

The price of Bitcoin (BTC) exceeded $91,000. According to CoinMarketCap on the 18th, as of 5:37 p.m. Bitcoin was trading at $91,075.1, down 4.8% from the previous day. Compared with a week earlier, it fell 13.23%. The Kimchi premium was in the 1% ran

[Analysis] "XRP supply 40% in loss… signal of structural weakness"

Approximately 40% of the XRP supply appears to be in a loss zone. On-chain analytics firm Glassnode said on the 18th (local time) via its official X account that "the proportion of XRP supply in profit zones has fallen to 58.5%," adding that "this is

'Famous whale' James Wynn "Bitcoin will fall further"

James Wynn, known as a whale of the decentralized exchange (DEX) Hyperliquid (HYPE), predicted that the price of Bitcoin (BTC) would fall further. On the 18th (local time), James Wynn wrote on his X account, "(I believe the Bitcoin price) will still

Ju Ki-young "Dollar liquidity contraction... investor sentiment will reverse if rates are cut"

Ju Ki-young, CEO of CryptoQuant, said that if liquidity recovers due to interest rate cuts, etc., the recently contracted cryptocurrency investor sentiment could reverse. On the 18th, through X, Ju said "(Bitcoin's) short-term environment is bearish,

Despite Bitcoin's collapse below $90,000…MetaPlanet: "Accumulation strategy unchanged"

'Japan's version of "Strategy" MetaPlanet' said it will maintain its accumulation strategy despite the recent Bitcoin (BTC) price decline. Simon Gerovich, MetaPlanet CEO, said on the 18th (local time) via X, "Even on days when the (cryptocurrency) ma

Kyrgyzstan issues first stablecoin… $50 million

Kyrgyzstan has issued a stablecoin worth $50 million (about 73 billion won). According to Unfolded on the 12th (local time), Kyrgyzstan recently issued a national stablecoin 'KGST' worth $50 million. Earlier, the Kyrgyz government announced last mont

U.S. DeFi Development to issue $65 million in preferred shares…"For buying Solana"

U.S. Nasdaq-listed company DeFi Development is seeking to issue preferred shares to buy Solana (SOL). DeFi Development said on the 12th (local time) that it will issue perpetual preferred shares of up to $65 million (about 100 billion won). DeFi Deve

SUI to launch stablecoin…collaborates with Bridge

SUI will launch its own stablecoin. SUI said on the 12th (local time) that it will launch its own stablecoin 'USD Sui' within the year. Specific launch timing was not disclosed. SUI explained, "USD Sui is a core infrastructure stablecoin for the SUI

Circle Q3 net profit 210 million dollars… up 202% year-on-year

The world's No. 2 dollar stablecoin issuer Circle (USDC)'s net profit for this year's third quarter surged more than 200% compared with a year earlier. Circle said on the 12th (local time) that its net profit for the past third quarter was 214 millio

Bitwise "Coinbase to Redefine ICO Market"

Matt Hogan, Bitwise's Chief Investment Officer (CIO), said on the 11th (local time) in a 'CIO memo' that "there will be more than six ICOs on the scale of billions of dollars through platforms like Coinbase next year" and "he expects a substantial po

U.S. Leap Therapeutics declares Zcash stockpile… buys 200,000 ZEC

U.S. Nasdaq-listed Leap Therapeutics has declared a stockpile of Zcash (ZEC). Leap Therapeutics said on the 12th (local time) that it has adopted a Digital Asset Treasury (DAT) to accumulate Zcash. Leap Therapeutics also purchased approximately 203,7

U.S. Bitcoin ETF, cumulative inflows of $60.8 billion… trading volume nears $1.5 trillion

Cumulative net inflows into U.S. Bitcoin (BTC) spot exchange-traded funds (ETFs) have exceeded $60.8 billion (about 89.2 trillion won). On the 12th (local time), The Block reported that cumulative net inflows into spot Bitcoin ETFs were about $60.8 b