JOON HYOUNG LEE

Cronos Burns 230 Million Tokens, Commits 100% of Ult and Launch Revenue to Buybacks

Cronos, the native token of U.S. cryptocurrency exchange Crypto.com, has burned 230 million of its own tokens. Odaily reported on Oct. 4 that the community recently approved two governance proposals to revamp Cronos tokenomics. The first proposal cal

US Spot Bitcoin ETFs Draw $82.9 Million This Week, Led by BlackRock

U.S. spot Bitcoin exchange-traded funds drew net inflows of $82.9 million this week. Data from Farside Investors on Oct. 4 showed U.S. Bitcoin ETFs posted net inflows of $82.9 million for the week. BlackRock's IBIT led the inflows, taking in $292 mil

Hyperliquid Perpetual Futures Market Share Nears 12%, Hits Record High

Global decentralized exchange Hyperliquid (HYPE) has reached a record share of the global perpetual futures market. As of Oct. 4, Hyperliquid's share of the perpetual futures market had risen to 11.8% based on open interest, according to Odaily and o

Ripple, XRPL Foundation Jointly Launch XRP Asia to Expand XRPL Ecosystem in Asia-Pacific

Ripple, the issuer of XRP, and the XRP Ledger Foundation have jointly established XRP Asia, an organization dedicated to expanding the XRPL ecosystem across the Asia-Pacific region. Industry sources said on October 3 that XRP Asia had announced its o

BofA Says AI Crowding Mirrors Conditions Before 2000 Dot-Com Bust

A concentration of artificial intelligence trades in U.S. equities now resembles market conditions just before the dot-com bubble burst in 2000, according to Bank of America. Michael Hartnett, Bank of America’s chief investment strategist, wrote in a

UK's OpenPayd Seeks Nasdaq Listing This Year Through Titan SPAC Merger, Speeds US Expansion

UK payments infrastructure provider OpenPayd is seeking to enter the US stock market this year. The company plans to accelerate its US expansion and pursue additional acquisitions. OpenPayd Chief Executive Officer Iana Dimitrova told CoinDesk on Oct.

Aptos Rejects Shutdown Rumors as "Baseless"

Aptos (APT) forcefully denied rumors circulating in some quarters that the project may shut down. BlockBeats and other outlets reported on October 3 that Aptos CEO Avery Ching addressed the claims in a post on X. He called the shutdown speculation a

‘Only Talking Crisis Isn’t Leadership’: US Treasury’s Bessent Warns AI Industry

U.S. Treasury Secretary Scott Bessent warned artificial intelligence executives who have highlighted the technology’s dangers not to stoke excessive fear and instead offer solutions. In an interview with political news outlet Axios published on Octob

Altus Says Now Is the ‘Golden Time’ to Build an Integrated Digital-Asset System

“If financial institutions build separate systems for each digital-asset business, they end up recreating the same functions repeatedly. With still relatively few systems in place for digital-asset businesses, now is the ‘golden time’ to design an in

Robinhood Wallet Integrates Arcus API, RFQ System to Support Swaps for About 190 Tokenized Stocks

Robinhood Wallet, the wallet service of U.S. stock trading platform Robinhood, is integrating the request-for-quote, or RFQ, system of decentralized exchange Arcus. The Block reported on October 1 that Arcus had integrated its application programming

Trump Family’s WLFI Launches $1.25 Million Staking Reward Pool

World Liberty Financial, the cryptocurrency project tied to U.S. President Donald Trump’s family, said it is launching a $1.25 million staking reward pool. The company said on its official X account on October 1 that it will activate a staking reward

Evernode to List on Nasdaq Through SPAC Merger on Oct. 8

Evernode, an XRP-based digital asset treasury company, is set to enter the U.S. stock market through a merger with a special purpose acquisition company. Evernode said on Oct. 1 that shareholders approved its proposed business combination with Nasdaq

Netherlands Pushes to Tax Unrealized Crypto Gains, With 2028 Start Expected

The Netherlands is moving to tax unrealized gains on cryptocurrency investments such as Bitcoin. Odaily reported on October 1 that the Dutch House of Representatives recently passed the Box 3 Actual Return Tax Act. The bill now awaits Senate review.

Hyperliquid Urges EU to Regulate Perpetual Futures as Derivatives

Hyperliquid Policy Center, or HPC, an affiliate of Hyperliquid (HYPE), has urged the European Union to bring perpetual futures into its regulatory framework. Odaily reported on October 1 that HPC recently submitted a formal response to the European C

US Initial Jobless Claims Total 197,000, Below Forecast

U.S. initial jobless claims came in below market expectations last week. The Labor Department said on October 1 that initial jobless claims totaled 197,000 last week. That was 4,000 below economists’ forecast of 201,000 and down 1,000 from the prior

Tokenized Stocks Market Cap Tops $3 Billion, More Than Quadrupling This Year

The market capitalization of tokenized stocks has surpassed $3 billion. According to Binance Research on Oct. 1, the global market capitalization of tokenized stocks topped $3 billion at the end of September. That is more than four times higher than

Citi Lifts Bitcoin 12-Month Target to $113,000, Raises Ether View

Citigroup has sharply raised its price targets for Bitcoin and Ether. Reuters reported on Oct. 1 that Citigroup increased its 12-month target for Bitcoin to $113,000 from $82,000, a gain of about 38%. It also lifted its 12-month target for Ether to $

Axios: US Senators to Introduce AI Agent Accountability Act

The U.S. Senate is moving to introduce legislation that would allow developers to face civil and criminal liability for hacking incidents caused by artificial intelligence agents. Axios reported on October 1 that Republican Senator Josh Hawley and De

Philippine Central Bank Restricts Fiat Deposit Channels for Coins.ph; Trading Continues

The Bangko Sentral ng Pilipinas has restricted fiat deposit channels for local cryptocurrency exchange Coins.ph. Odaily and other outlets reported on October 1 that the BSP recently imposed a partial suspension on some operations of DCPay Philippines

SBI Holdings Completes Bitbank Acquisition, Enters Crypto Exchange Business

Japan's SBI Holdings has completed its acquisition of local cryptocurrency exchange Bitbank. Bitbank said on Oct. 1 that it had become a wholly owned subsidiary of SBI Holdings. The exchange said it would continue operating its existing services with

Strive Secures Funds to Buy More Than 400 Bitcoin Through SATA Preferred Share Sale

Strive, a Bitcoin-based digital asset treasury company, has secured funds to purchase more than 400 additional Bitcoin. According to Odaily and other outlets on October 1, Strive raised fresh capital on September 30 through the issuance of its perpet

SoftBank Makes Additional $10 Billion Investment in OpenAI, Raising Stake to 13%

SoftBank has made an additional $10 billion investment in OpenAI, the U.S. artificial intelligence startup. SoftBank Group said Oct. 1 that it executed the follow-on investment through SoftBank Vision Fund 2. The company said the latest deal marks it

Hana Card Signs MOU With Tether to Expand Stablecoin Cooperation

Hana Card is stepping up its partnership with Tether, the issuer of the USDT dollar stablecoin. Hana Card said on Oct. 1 that it signed a three-party memorandum of understanding with Hana Bank and Tether. The companies plan to jointly explore ways to

Bitcoin Posts 42.7% Third-Quarter Return, Highest in Nine Years

Bitcoin's price gain in the third quarter reached its highest level in nine years. According to CoinGlass data on Oct. 1, Bitcoin posted a 42.71% return in the third quarter. That was the strongest third-quarter performance since 2017, when it rose 8

Lion Group Revamps DAT Strategy, Sells Entire Solana Stake to Buy More Hyperliquid

Lion Group, a U.S. company listed on Nasdaq, sold all of its Solana holdings and part of its Bitcoin position to buy Hyperliquid. The company said on Sept. 30 that it had reshaped the portfolio for its digital asset treasury, or DAT, strategy around

Bitcoin Falls Below $84,000; Kimchi Premium at 0.10%

Bitcoin fell below $84,000. According to CoinMarketCap, Bitcoin was trading at $83,678.08 as of 11:23 p.m. on September 30 in Korea, down 0.3% from a day earlier. It was also 0.46% lower than a week earlier. The kimchi premium remained in the 0% rang

Hyperliquid Co-Founder Jeff Yan Says Self-Custody, Transparency Are Core to On-Chain Finance

Hyperliquid co-founder Jeff Yan said the real competitive edge of on-chain finance lies in self-custody and transparency, not 24-hour trading. BlockBeats reported on September 30 that Yan made the remarks at Korea Blockchain Week, or KBW, that day. "

U.S. Final Second-Quarter GDP Growth Revised Up to 2.2%, Beating 1.5% Estimate

U.S. economic growth in the second quarter exceeded market expectations. The Commerce Department said on September 30 that final second-quarter gross domestic product growth was 2.2% on a seasonally adjusted annualized basis. That was up 0.7 percenta

Morgan Stanley's MSBT Spot Bitcoin ETF Holdings Top 10,000 BTC

Morgan Stanley's spot Bitcoin exchange-traded fund has topped 10,000 BTC in holdings. Odaily reported on Sept. 30 that Morgan Stanley added about 1,650 BTC last week through its spot Bitcoin ETF, MSBT. That lifted MSBT's total Bitcoin holdings to 10,

Bitcoin Breaks Above $85,000