JOON HYOUNG LEE

'Dismissal' Lisa Cook governor sues Trump…"Historic fight begins"

Lisa Cook, a Federal Reserve (Fed) governor whom U.S. President Donald Trump dismissed, has filed a lawsuit over her dismissal. According to Bloomberg on the 28th, Cook filed a lawsuit that day in the U.S. District Court in Washington, D.C., challeng

U.S. SharpLink: "Stablecoins are a financial innovation...positive for Ethereum"

Claims have been made that the rising demand for stablecoins such as Tether (USDT) will be positive for Ethereum (ETH). U.S. SharpLink Gaming said on the 28th (local time) via its official X account, "Stablecoins are the biggest financial innovation

U.S. initial jobless claims 229,000…below expectations

Last week, U.S. initial jobless claims fell short of market expectations. The U.S. Department of Labor said on the 28th (local time) that last week's initial jobless claims totaled 229,000. That figure was 2,000 fewer than the experts' forecast (231,

US Q2 GDP 3.3% Growth…Preliminary Estimate Revised Up 0.3 Percentage Points

The U.S. economy, which contracted in the first quarter of this year, returned to growth in the second quarter. The U.S. Department of Commerce said on the 28th (local time) that the revised estimate of U.S. gross domestic product (GDP) growth for th

Ethereum unstaking queue nears $5 billion…selling concerns grow

The Ethereum (ETH) network's unstaking queued volume is approaching 5 billion dollars (about 6.9 trillion won), raising concerns about large-scale selling. On the 28th (local time), according to on-chain analytics firm validatorqueue, as of that date

UK Smarterweb buys 45 more Bitcoins… holdings surpass 2,400

UK-listed Smarterweb Company bought an additional 45 Bitcoins (BTC). Bitcoin for Corporations said on the 28th (local time) via its official X account, "Smarterweb Company has purchased an additional 45 Bitcoins" and "the average purchase price (per

Large-scale token unlock in September… US$4.5 billion worth of cryptocurrency to be released

Next month, US$4.5 billion (about 6.24 trillion won) worth of tokens will be unlocked in the cryptocurrency market. Cointelegraph reported on the 28th (local time), citing data from on-chain analytics firm Tokenomist, that US$4.5 billion worth of tok

U.S. asset manager Strive to pursue $700 million Bitcoin purchase

U.S. asset manager Strive is pursuing a $700 million (about KRW 970 billion) purchase of Bitcoin (BTC). On the 28th (local time), according to foreign outlets including Cointelegraph, Matt Cole, Strive's chief executive officer (CEO), attended the 'B

[Market] Bitcoin falls below $113,000…kimchi premium 0.36%

The price of Bitcoin (BTC) fell below $113,000. According to crypto market data site CoinMarketCap, Bitcoin was trading at $112,922.25 as of 7:21 p.m. It is up 1.54% from the previous day. The kimchi premium was in the 0% range. According to CryPrice

Lee Chang-yong "Likely to maintain a rate-cutting stance until the first half of next year"…likely to cut twice

Expectations of rising Seoul metropolitan area housing prices remain Beware of 'signals' that could fuel household debt Korea-U.S. summit results also give central bank policy some breathing room Indicates possible rate cut in October Two cuts … Poss

Tygr Research "Bitcoin to reach $190,000 in Q3 this year"

Bitcoin (BTC) price could rise to $190,000 in Q3 this year. On the 28th, according to BeInCrypto, crypto research firm Tygr Research analyzed this in a recent report. Bitcoin is trading at the $113,000 level on CoinMarketCap as of that day. BeInCrypt

Ark Invest Adds to Bitmain Shares… Total Investment $300 Million

'Money Tree Sister' Cathie Wood-led Ark Invest has additionally purchased shares of Bitmain, an Ethereum (ETH) reserve company. On the 28th (local time), Cointelegraph reported that Ark Invest, through three funds including the ARK Innovation exchang

Trump family Bitcoin mining company seeks Nasdaq listing in September

A Bitcoin (BTC) mining company owned by U.S. President Donald Trump's family is seeking a Nasdaq listing in the United States, targeting next month. On the 28th (local time), Reuters reported that U.S. Bitcoin miner American Bitcoin is pursuing a pla

[Analysis] "Bitcoin: $113,600 is a resistance level… reaching it could trigger selling"

An analysis said that if Bitcoin (BTC) price reaches $113,600, short-term investors' selling pressure could increase. On-chain analytics firm Glassnode said in its weekly report on the 27th (local time), "Bitcoin short-term holders are still under pr

U.S. Ethereum ETF, $1.8B Net Inflow in a Week…10 Times Bitcoin

U.S. spot exchange-traded funds (ETFs) for Ethereum (ETH) recorded net inflows of about $1.8 billion (approximately 2.5 trillion won) over the past week. According to crypto analytics firm CoinGlass, net inflows into Ethereum spot ETFs from the 21st

[Market] Bitcoin exceeds 113,000 dollars…kimchi premium 0.36%

The price of Bitcoin (BTC) has exceeded 113,000 dollars. On the 28th, according to crypto market status site CoinMarketCap, Bitcoin is trading at 113,066.79 dollars as of 3:32 p.m. that day. It is up 1.6% from the previous day. The kimchi premium was

"Toward a 'Digital Economy G2'...Min Byung-deok: 'Stablecoins Are a Survival Task for Korea'"

Min Byung-deok, Democratic Party lawmaker · Hankyung Bloomingbit 'Digital Asset Basic Act Policy Seminar' Held Opportunity for South Korea to Leap Forward as Digital Economy G2 KRW Stablecoin, Korea's Survival Task Digital Asset Basic Act Will Enhanc

"Up to $5 Billion Outflow via Dollar Stablecoins... Immediate Reshoring Needed"

An analysis has revealed that up to $5 billion (about ₩7 trillion) in domestic funds have flowed out through dollar stablecoins. Professor Jo Jae-woo of Hansung University attended the seminar 'Stop the Outflow of ₩131 Trillion in National Wealth: Di

"Coin 'leverage trading' should be allowed... Inflow of overseas capital also possible"

There have been calls for allowing leverage trading in the domestic virtual asset market. Professor Jongseop Lee of Seoul National University's Business School attended the seminar ‘Block 131 Trillion Won Outflow of National Wealth: Digital Asset Bas

Min Byung-deok Directly Criticizes Bank of Korea: "Issuing Stablecoins Only by Banks Is Contradictory"

The Democratic Party of Korea has directly opposed the position of the monetary authorities that the issuance of Korean won-based stablecoins should be limited to banks. The party insists that the won stablecoin market should be actively opened to pr

End of 'Dovish Powell' Effect? ... Possibility of Bitcoin Falling Below $110,000

Only a Day After the 'Jackson Hole Speech' Bitcoin Turns to a Downtrend "Market Uncertainty Overwhelms" May Fall Below $110,000 This Month Despite dovish (preference for monetary easing) remarks by Jerome Powell, Chair of the Fed, Bitcoin (BTC) price

Nearly 56,000 'Kanye meme coin' investors… 60% are at a loss

It has been found that over 60% of investors in YZY, a Solana (SOL)-based meme coin issued by American rapper Kanye West, are currently at a loss. According to SolanaFloor on the 21st (local time), the number of YZY investors was approximately 56,000

Sol Strategies secures 400,909 Solana tokens…worth $74 million

The Canadian listed company Sol Strategies, which has adopted a Solana (SOL)-focused financial strategy, has secured 400,909 Solana tokens. On the 21st (local time), Sol Strategies announced on its official X (formerly Twitter) account that "we curre

U.S. July Existing Home Sales: 4.01 Million Units...Up 2% From Previous Month

Last month, existing home sales in the United States increased by 2% compared to the previous month. The National Association of Realtors (NAR) announced on the 21st (local time) that existing home sales in the U.S. for last month totaled 4.01 millio

JPMorgan forecasts strong performance for Ethereum… "Rising demand from corporations and ETFs"

Global investment bank (IB) JPMorgan has stated that institutional investor demand for Ethereum (ETH) may continue to grow. According to CoinDesk on the 21st (local time), JPMorgan said in a report released the previous day (20th), "Last month, $5.4

Coinbase Pushes Ahead With Listing of 'Trump Family Stablecoin'

U.S. cryptocurrency exchange Coinbase is seeking to list World Liberty Financial's (WLFI) stablecoin. On the 21st (local time), Coinbase announced via its official X account that it has added World Liberty Financial USD1 (USD1) to its listing roadmap

MetaMask to launch stablecoin within the year… Partners with Stripe

The cryptocurrency wallet company MetaMask is set to launch its own stablecoin. According to The Block on the 21st (local time), MetaMask will launch its own stablecoin, mUSD, by the end of this year. mUSD will be issued through Bridge, the stablecoi

[Market Update] Bitcoin Falls Below $113,000... Kimchi Premium -0.04%

The price of Bitcoin (BTC) has fallen below $113,000. According to CoinMarketCap, a virtual asset market tracking site, Bitcoin is trading at $112,968.72 as of 9:52 PM on the 21st. This figure represents a 0.66% drop from the previous day. The Kimchi

'Lending Protocol' Aave launches on Aptos…“Multi-chain Strategy”

The decentralized lending protocol Aave (AAVE) has launched on the layer-1 blockchain Aptos (APT). According to The Block on the 21st (local time), Aave was launched on Aptos on this day. This is the first time Aave has launched on a blockchain that

U.S. New Jobless Claims Hit 235,000, Far Exceeding Expectations

Last week, the number of new jobless claims in the United States greatly exceeded market expectations. The U.S. Department of Labor announced on the 21st (local time) that the number of new jobless claims last week was 235,000. This figure is 9,000 m