JOON HYOUNG LEE

[Weekly Major Economic & Cryptocurrency Schedule] US interest rate decision, etc.

<Next week's major economic schedule> ▶15 (Mon) : △South Korea August trade balance (Korea time 11:00, US time 22:00) △EU July trade balance (Korea time 18:00, US time 5:00) ▶16 (Tue) : △EU European Central Bank (ECB) President speech (Korea time 3:3

"Bitcoin $120,000 reached triggers large-scale short liquidations… $2.4 billion scale"

If the price of Bitcoin (BTC) rises to $120,000, short (sell) positions totaling $2.4 billion (about 3.3 trillion won) would be liquidated. Cointelegraph said on the 13th (local time) via its official X account, "If Bitcoin reaches $120,000, more tha

Stablecoin Yalla (YU), 'dollar peg' collapse… briefly plunged to $0.2

A dollar stablecoin 'Yalla (YU)' experienced a collapse of its dollar peg. As a result of the peg collapse, Yalla's price briefly plunged to the $0.2 range. On the 14th, according to DEX Screener, Yalla's price fell as low as $0.2074 that day. Yalla'

[Analysis] "Bitcoin supply profit ratio 92%…clear bull market"

Bitcoin (BTC) 'Percent Supply in Profit' has been shown to exceed 90%. Crypto Avails, a CryptoQuant contributor, said through CryptoQuant on the 14th, "The Bitcoin supply profit ratio has reached 92%," adding, "This means there is considerable optimi

[Today's Global Coins of Interest] PumpDotPump·Bitcoin·Aptos etc.

According to Kaito's Token Mindshare (an indicator that quantifies the influence of a specific token in the virtual asset (cryptocurrency) market) top gainer, as of the 14th the top five crypto-related keywords that people are most interested in are

This week Bitcoin ETFs saw $2.34B net inflow…10x ↑ in one week

This week, U.S. Bitcoin (BTC) spot exchange-traded funds (ETFs) saw a net inflow of $2.34 billion (about 3.3 trillion won). On the 14th, cryptocurrency data analytics firm SosoValue reported that Bitcoin spot ETFs recorded five consecutive trading da

BlackRock bought $1 billion worth of Bitcoin this week

Global asset manager BlackRock bought $1 billion (about 1.4 trillion won) worth of Bitcoin(BTC) this week. On-chain analytics firm Arkham Intelligence said on the 14th (local time) via its official X account, "BlackRock bought more than $1 billion wo

26% surge in a single day… PumpDotPump hits a record high

PumpDotPump (PUMP), a Solana (SOL)-based meme coin issuance platform, hit a record high. According to CoinMarketCap on the 14th, PumpDotPump was trading at 0.008004 dollars at 11:32 AM, up 25.78% from the previous day. Compared with a week ago, it ha

[Market update] Bitcoin exceeds $116,000…kimchi premium -0.73%

Bitcoin (BTC) price exceeded $116,000. According to crypto market relay site CoinMarketCap on the 14th, Bitcoin was trading at $116,106.79 as of 11:16 a.m. that day. It is a 0.1% increase from the previous day. The kimchi premium recorded a negative

[Analysis] "Bitcoin miners' inflows to exchanges surge… suppressing upward momentum"

The amount of Bitcoin (BTC) miners are sending to exchanges to realize profits has recently surged. A CryptoQuant contributor to CryptoOnChain said on the 13th (local time), "Recently, the 'Realized Miner Inflow to Exchanges' indicator has shown an u

Ethereum Foundation strengthens 'privacy protection'… announces short-term roadmap

The Ethereum Foundation is strengthening the privacy protection features of its blockchain network. The Ethereum Privacy Steward (PSE), a privacy-focused organization under the Ethereum Foundation, announced on the 13th (local time) a short-term road

U.S. Figure Technologies poised to go public…"Expected to raise $790 million in IPO"

Figure Technologies, a blockchain-based lending firm seeking a Nasdaq listing in the U.S., is expected to raise $790 million (about 1.1 trillion won) in this initial public offering (IPO). Bloomberg reported on the 11th that "Figure Technologies will

"Ethereum, institutional buying continues…additional purchases worth 200 million dollars over 3 hours"

An analysis found that institutional investors' purchases of Ethereum (ETH) are continuing. On the 11th (local time), on its official X account, Lookonchain said, "Over the past 3 hours, three newly created wallets received 46,347 Ethereum from Falco

Dormant whale transfers funds after 13 years… Holds Bitcoin worth $50 million

A dormant whale (large investor) transferred Bitcoin (BTC) after 13 years. According to The Block on the 11th (local time), a dormant whale transferred 137 Bitcoin to a new address that day for the first time in 13 years. The Block said, "The reason

European Central Bank holds deposit rate… annual 2.00%

The European Central Bank (ECB) has held the three main policy rates, including the deposit rate. On the 11th (local time), the European Central Bank held a monetary policy meeting in Frankfurt, Germany, and kept the deposit rate at 2.00%. The main r

U.S. Bit Mining buys additional 17,000 Solana… total holdings $10 million

Bit Mining, listed on the New York Stock Exchange (NYSE), has made a large additional purchase of Solana (SOL). On the 11th (local time), Bit Mining said it purchased an additional 17,221 Solana. Bit Mining's Solana holdings were tallied at 44,412 as

U.S. initial jobless claims 263,000…far above expectations

Last week, U.S. initial jobless claims far exceeded market expectations. The U.S. Department of Labor said on the 11th (local time) that last week's initial jobless claims totaled 263,000. This figure is 28,000 above the experts' forecast (235,000).

U.S. August CPI up 2.9%… in line with market expectations

The U.S. August consumer price index (CPI) increase was in line with market expectations. The U.S. Department of Labor said on the 11th (local time) that last month's CPI rose 2.9% year on year. This matched market expectations (2.9%). Compared with

SBI and Zodia Custody dissolve Japan joint venture… two years after establishment

Japan's financial group SBI Holdings and Zodia Custody, a cryptocurrency custody firm under global investment bank Standard Chartered (SC), are ending the operations of their joint venture. On the 11th (local time), Bloomberg reported that SBI Holdin

"China, restricts cryptocurrency businesses in Hong Kong…targeting domestic companies"

China is restricting its domestic companies' cryptocurrency businesses in Hong Kong. On the 11th, according to Chinese financial media Caixin, the Chinese government is reviewing measures to restrict its state-owned enterprises, financial institution

"Ethereum, large accumulation at $4,300~4,400…potential support"

It was reported that large-scale accumulation occurred when the price of Ethereum (ETH) was at $4,300~4,400. Crazzyblockk, a CryptoQuant contributor, said on the 11th (local time) via CryptoQuant, "About 1.7 million Ethereum were added to accumulatio

[Market] Bitcoin falls below $114,000… Kimchi premium 0.03%

Bitcoin (BTC) price fell below $114,000. According to cryptocurrency market tracking site CoinMarketCap on the 11th, Bitcoin was trading at $113,963.12 as of 7:18 PM. It is an increase of 1.48% from the previous day. The kimchi premium was in the 0%

U.S. Galaxy Digital withdraws large amount of Solana from Binance…"Buy signal"

U.S. crypto asset manager Galaxy Digital has withdrawn Solana (SOL) worth $250 million (about 350 billion won) from a cryptocurrency exchange. On-chain analytics firm Solana Floor said on the 11th (local time) via its official X account, "Galaxy Digi

'Altcoin season' index hits yearly high…up 17 points this month

The altcoin season index reached a yearly high. On the 11th, according to on-chain analysis firm Blockchain Center, the altcoin season index scored 78 out of 100 that day. It was 17 points higher than at the end of last month (61 points), marking the

KOSPI Breaks Through Ceiling…"Suggests Bitcoin Cycle Peak"

The KOSPI index, which has been setting record highs day after day, may indicate a Bitcoin (BTC) cycle peak, according to an analysis. Cryptocurrency analytics firm Alphractal said on the 11th (local time) via X, "KOSPI has hit an all-time high for t

"XRP, institutional trading volume surges… could rise to $3.60 if it breaks $3.02"

An analysis said that XRP's price could surge to $3.60 if it breaks $3.02. CoinDesk reported on the 11th (local time) that "XRP's price broke $3 due to strong institutional interest and high trading volume." CoinDesk said, "Open interest (OI) in futu

'Solana stockpile' U.S. Sharps Technology… Partnership with Fuzzy Penguins

U.S. Nasdaq-listed Sharps Technology (Sharps Technology) is strengthening cooperation with Solana (SOL)-based non-fungible token (NFT) project Fuzzy Penguins. Sharps Technology said on the 10th (local time) that it had signed a strategic partnership

Coupang begins blockchain experiment… could 'stablecoin payments' shake up the market?

Coupang joins 'Tempo' as an initial partner Prospects for introducing 'stablecoin payments' Annual savings of 'hundreds of billions' possible Domestic regulatory uncertainty is an obstacle South Korea's largest e-commerce company Coupang has stepped

[Exclusive] Hashed holds private meeting with Tether executives…"Discussing investment partnership"

CEO Kim Seojun meets with Tether executives Exploring cooperation measures such as collaboration with portfolio companies "Highly values the potential of the Asian market" It was confirmed that Kim Seojun, CEO of global web3 venture capital (VC) Hash

Ethereum range-bound for a week… ETF outflows accelerate

Hovering in the $4,200–4,300 range ETFs post record net outflows Buying by reserve-holding firms also slows "Additional upside momentum absent" Ethereum (ETH) prices, which had surged last month, have been stuck in a range this month. Outflows of ins