JOON HYOUNG LEE

[Market] Bitcoin surpasses 119,000 dollars…Kimchi premium 1.1%

Bitcoin (BTC) price exceeded 119,000 dollars. According to cryptocurrency market broadcast site CoinMarketCap on the 2nd, as of 9:26 PM that day Bitcoin was trading at 119,073.43 dollars, up 1.95% from the previous day. Compared with a week earlier,

AlloyX launches tokenized MMF… Standard Chartered, Polygon participate

Hong Kong-based stablecoin firm AlloyX has launched a tokenized money market fund (MMF). AlloyX said on the 2nd (local time) that it has launched the tokenized money market fund 'RYT'. An AlloyX spokesperson explained, "RYT, unlike existing tokenized

Solana surpasses US$225… US$25 million of short positions liquidated in a day

Solana (SOL) price has been on an uptrend, and recently US$25 million (approximately KRW 35 billion) worth of short (sell) positions were liquidated in a single day. SolanaFloor said on the 2nd (local time) via its official X account, "Solanak's pric

BlackRock IBIT AUM tops $90 billion… enters 'Top 20 ETFs'

The world's largest asset manager, BlackRock's U.S. spot Bitcoin (BTC) exchange-traded fund (ETF), has surpassed $90 billion in assets under management (AUM). On the 2nd (local time), CoinDesk reported that BlackRock IBIT's assets under management st

[Analysis] "Bitcoin uptrend backed by spot demand… no sell signal"

Recent analysis suggested that spot demand has driven the recent rise in Bitcoin (BTC) prices. Observers also see a high possibility of additional rallies. PelinayPA, a CryptoQuant contributor, wrote on the 1st (local time) via CryptoQuant that "Bitc

South Korean exchanges 'delist' UXLINK... "Compensation plan to be finalized after Chuseok"

UXLINK (UXLINK) will be delisted from domestic cryptocurrency exchanges. UXLINK plans to finalize a compensation plan after the Chuseok holiday. UXLINK said on the 2nd (local time) via its official X account that "we received notice from the Digital

Bitcoin nears $120,000 after 7 weeks…"Hedge appeal grows"

Bitcoin (BTC) price has approached $120,000 about seven weeks after hitting an all-time high in August. According to crypto market data site CoinMarketCap, as of 5:59 p.m. on the 2nd, Bitcoin was trading in the $118,700 range, up about 2.2% from the

Musk Becomes First Person Worth '₩700 Trillion'

Tesla stock rises 4% U.S. electric vehicle maker Tesla's stock has been rising for several days, and the net worth of Elon Musk, the 'world's richest' CEO (CEO·photo), is estimated to have surpassed 500 billion dollars (about ₩702 trillion). On the 1

OpenAI completes $6.6 billion insider stock sale…company valued at $500 billion

ChatGPT developer OpenAI has completed an insider stock sale that valued the company at $500 billion (about 701 trillion won). With this stock sale, OpenAI became the startup with the highest valuation in the world. On the 1st (local time), Bloomberg

Trump's eldest son, WLFI conflict of interest 'direct rebuttal'…"Complete nonsense"

Donald Trump Jr.(photo), the eldest son of U.S. President Donald Trump, directly rebutted concerns about World Liberty Financial (WLFI)'s conflict of interest. Trump Jr. on the 2nd (local time) in Singapore had an interview and an interview with U.S.

Coinbase: "M&A among crypto treasury firms will intensify"

An analysis has emerged that mergers and acquisitions (M&A) among companies that have adopted Digital Asset Treasury (DAT) strategies could soon accelerate. David Duong (David Duong), head of investment research at Coinbase, said in an interview with

Speeding up stablecoin institutionalization... Democratic Party of Korea "Will become South Korea's growth engine"

Won-denominated Stablecoin National Assembly Forum Ahn Do-geol "We must not miss the opportunity due to concerns" "Risks can be managed with institutional measures" People Power Party also agrees on the need for introduction Foreign exchange authorit

Rep. Park Min-gyu: "Stablecoins, an essential strategy for the national economy… adoption cannot be delayed"

Park Min-gyu of the Democratic Party of Korea said on the 30th, "The institutionalization of won-denominated stablecoins has become an essential strategy for people's livelihoods and the national economy." Park attended the discussion "Won-denominate

Ahn Do-geol "Stablecoins' efficiency is overwhelming… will become a growth engine for the Korean economy"

Ahn Do-geol, a Democratic Party lawmaker, said on the 30th, "Stablecoins will become a new growth driver for our economy beyond financial innovation." Ahn attended a forum on "The Use of Won Stablecoins by Corporations and Foreign Exchange Policy" he

Bitcoin turns back to an uptrend...warming up for a Q4 rally?

Bitcoin recovers to the $112,000 range 10-year October average rise 22% On-chain indicators such as MVRV also positive "Will benefit from a rate-cut cycle" Bitcoin (BTC) prices have returned to an uptrend after one week. The market is dominated by th

Aegis Ventures holds VC networking event…GAIB among attendees

Domestic Web3 venture capital (VC) firm Aegis Ventures said on the 29th that it held a networking event, 'Web3 Wave', on the 24th at Seoul Pizza Hill in Gwangjin-gu, Seoul. The event was co-hosted by Aegis Ventures, Spartan Group, and AC Capital. AI

U.S. Ethereum ETF, US$250 million net outflow the previous day…4 consecutive trading days

U.S. Ethereum (ETH) spot exchange-traded funds (ETFs) recorded net outflows for four consecutive trading days. On the 26th (local time), according to TraderT, on the previous day (25th) U.S. Ethereum spot ETFs saw net outflows of US$251,000,000 (abou

U.S. Bitcoin ETF, $250M net outflow the previous day... reversed in one day

U.S. Bitcoin (BTC) spot exchange-traded funds (ETFs) turned to net outflows in a single day. On the 26th (local time), according to TraderT, $252 million (about 350 billion won) flowed out of U.S. spot Bitcoin ETFs on the previous day (the 25th). It

[Analysis] "Bitcoin momentum weakens… $111,000 is the key support"

Recent analysis suggested that Bitcoin (BTC) upward momentum is weakening. On-chain analytics firm Glassnode said in its weekly report on the 25th (local time) that "Bitcoin entered a corrective phase after the rally led by the Federal Open Market Co

Solana Decline Deepens…"Spot ETF Approval Next Month Is Key"

Solana (SOL) price decline is deepening. Analysts say whether Grayscale's spot Solana exchange-traded fund (ETF) application, which is scheduled for next month, will be approved could determine the future price direction. On the 26th, according to Co

Trump "Economic indicators are great… If it weren't for Powell, rates would be 2% by now"

U.S. President Donald Trump again criticized Jerome Powell, chair of the U.S. Federal Reserve (Fed). President Trump said on the 25th (local time) on his social media platform Truth Social, "Today's economic indicators came out very well," and "the s

U.S. SharpLink tokenizes equity on Ethereum… "On-chain stock trading"

U.S. Nasdaq-listed SharpLink Gaming said it will tokenize its equity via Ethereum (ETH). SharpLink Gaming said on the 25th (local time), "It will tokenize its common stock registered with the U.S. Securities and Exchange Commission (SEC) on the Ether

Solana open interest reaches all-time high… spot price in decline

Solana (SOL) futures open interest (OI) has reached an all-time high. Cointelegraph reported on the 25th (local time), citing Coinglass data, that Solana's futures open interest stood at $71.8 million (about 100 billion won) as of that day. Cointeleg

Chicago Fed President "U.S. economy in a 'weird environment'... employment weakening and inflation rising"

Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said the U.S. economy is in a 'weird environment (weird environment)'. Goolsbee attended an event in Grand Rapids, Michigan, on the 25th (local time) and said, "The U.S. economy is in

"White House narrows CFTC chair candidates to 2… both pro-crypto"

The White House is reportedly considering pro-crypto figures as candidates for the next Commodity Futures Trading Commission (CFTC) chair. Eleanor Terrett, host of Crypto in America, said on X on the 25th (local time) that "the White House is conside

'Trump confidant' Fed board member "Should quickly lower interest rates... maintaining tightening will raise unemployment"

Steve Miran US Federal Reserve(Fed) board member argued that "the policy rate should be lowered quickly." In an interview with Bloomberg on the 25th (local time), Miran said, "I do not think the economy will collapse soon," and added, "(however) cons

U.S. initial unemployment claims 218,000…well below expectations

Last week, initial unemployment claims in the United States came in well below market expectations. The U.S. Department of Labor said on the 25th (local time) that initial unemployment claims last week totaled 218,000. That was 15,000 fewer than the

U.S. Q2 GDP 3.8% 'surprising growth'…revision raised by 0.5 percentage points

The U.S. economy, which contracted in Q1 this year, recorded a larger-than-expected expansion in Q2. The U.S. Commerce Department said on the 25th (local time) that the final estimate of U.S. gross domestic product (GDP) growth for Q2 this year was 3

DEX derivatives trading volume hits record highs two days running… $67 billion recorded in one day

Decentralized exchanges (DEXs) saw derivatives trading volume break record highs for two consecutive days. Wu Blockchain said on the 25th (local time) via its official X account, "The previous day (24th), derivatives trading volume on decentralized e

M2 Capital invests $20M in Ethena…"Expansion of digital finance in the Middle East"

M2 Capital, a subsidiary of UAE-based investment firm M2 Holdings, is investing $20 million (about 28 billion won) in Ethena (ENA). According to CoinDesk on the 25th (local time), Ethena recently raised $20 million in funding from M2 Capital. Ethena