JOON HYOUNG LEE

MARA Holdings Q2 revenue hits $238 million—an all-time high

The second quarter revenue of MARA Holdings, the largest Bitcoin (BTC) mining company in the United States, set a new all-time high. MARA Holdings announced on the 29th (local time) that its Q2 revenue reached $238 million, a 64% increase year-over-y

Indonesia Significantly Raises 'Cryptocurrency Transaction Tax'… Mining Tax Also Doubled

Indonesia will increase the tax rates applied to cryptocurrency transactions starting next month. According to Reuters on the 30th (local time), Indonesia's Ministry of Finance will raise the cryptocurrency transaction tax starting from the 1st of ne

[Analysis] "It appears the Fear & Greed Index has peaked... August correction phase"

An analysis has emerged suggesting that the cryptocurrency Fear & Greed Index, which reflects market sentiment, has peaked. Matrixport, a cryptocurrency analysis firm, announced on the 30th (local time) through its official X account that "it appears

Precursor to XRP Plunge?…$2.4 Billion Drop in Open Interest Over Two Weeks

The open interest (OI) of XRP has dropped by nearly $2.4 billion (about ₩3.3 trillion) over the past two weeks. Cointelegraph, citing data from the on-chain analytics firm Coinglass on the 30th (local time), reported, "XRP futures open interest hit a

Last-Chance Negotiations...The 4 Days That Will Decide ‘Export Korea’s’ Fate

Korea–US Tariff Negotiation Deadline D-4 Yoon-chul Koo & Scott Besant to Hold Final Talks This Week Only Two Days for Substantive Talks: The 30th and 31st "High Tariffs Would Directly Hit the Economy" Deputy Prime Minister and Minister of Economy and

US BitDigital Pursues $10 Million Funding… Aims to Accumulate Ethereum

US Nasdaq-listed company BitDigital (BitDigital) is raising $10 million (approximately ₩14 billion) in new funding to purchase Ethereum (ETH). According to BeInCrypto on the 26th (local time), BitDigital reported to the US Securities and Exchange Com

Ripple Chairman Transfers Large Amounts of XRP… Potential for Sell-Off Increases

Cryptocurrency A to Z To Cryptocurrency Exchanges Estimated Deposit of $140 Million Holds 4.6% of XRP Volatility Likely to Increase If Sold The recent transfers of XRP (formerly Ripple) by Chris Larsen, Chairman of Ripple’s Board of Directors, to cry

'340% Soar in a Month' Pudgy Penguins...Denies OpenSea Acquisition Rumor

The non-fungible token (NFT) project Pudgy Penguins has denied the acquisition rumor of the NFT marketplace OpenSea. Beau, the Chief Security Officer of Pudgy Penguins, stated via X on the 26th (local time), "Pudgy Penguins did not acquire OpenSea,"

El Salvador’s Bitcoin Holdings Surpass 6,250, Valued at $739 Million

El Salvador’s Bitcoin (BTC) holdings have surpassed 6,250. U.S. crypto-focused media outlet Cointelegraph announced on its official X account on the 27th (local time), “El Salvador is still purchasing Bitcoin daily,” adding, “Current holdings stand a

[Major Economic & Cryptocurrency Events of the Week] US Rate Decision, etc.

<Major Economic Events Next Week> ▶28th (Mon): △Canada June Wholesale Sales (US Time 8:30, Korea Time 21:30) ▶29th (Tue): △US 2-Year Treasury Auction (US Time 12:00, Korea Time 1:00) △US 5-Year Treasury Auction (US Time 12:00, Korea Time 1:00) △US Ju

"If SUI reaches $4.35, large-scale liquidations...Potential for a sharp rise"

An analysis suggests that if the price of SUI surpasses $4.35, short positions totaling $25 million (about ₩35 billion) could be liquidated. BeInCrypto, citing data from the on-chain analytics firm Coinglass on the 26th (local time), reported, "If SU

Lee Jun-seok elected as leader of the Reform Party… Approval rate 98.22%

Lee Jun-seok has been elected as the new leader of the Reform Party. On the 27th, the Reform Party held a national convention at the National Assembly Members' Office Building and announced that Lee, who ran unopposed, was elected as the party leader

Jeong Jin-wan, President of Woori Bank, "We will discover stablecoin business models"

Woori Bank will promote the discovery of stablecoin-based business models in the second half of this year. Woori Bank announced on the 27th that President Jeong had unveiled this strategy for the second half during the '2025 Second Half Management St

[Today's Trending Global Coins] Sui, Zora, Pudgy Penguins & More

According to the Token Mindshare—a metric quantifying the influence of specific tokens within the crypto market—on the AI-based Web3 search platform Kaito, as of the 27th, the five most popular crypto-related keywords among people are Sui (SUI), Zora

"Justin Sun deposits 60,000 Ethereum into Aave… Worth $230 million"

Justin Sun, the founder of TRON (TRX), made a new deposit of Ethereum (ETH) worth $230 million (approximately ₩320 billion) into the decentralized lending protocol Aave. Wu Blockchain reported on the 27th (local time), citing data from the DeFi data

Bitwise CIO: "Bitcoin crash risk plummets... Confident in a bull market next year"

Matt Hougan, Chief Investment Officer (CIO) of Bitwise, stated, "I am confident in a Bitcoin (BTC) bull market next year." According to Cointelegraph on the 27th (local time), CIO Hougan recently said in an interview, "The four-year cycle for Bitcoin

"Ripple Chair Holds $9 Billion Worth of XRP... Additional Transfers Could Greatly Increase Selling Pressure"

Chris Larsen, co-founder and chairman of the board of Ripple Labs, is reported to hold XRP valued at $9 billion (about ₩12.5 trillion). Analysts suggest that if Larsen makes additional transfers of XRP, selling pressure could significantly intensify.

6 out of 10 U.S. investors say 'No intention to invest in cryptocurrency'

Six out of ten U.S. investors have no intention of investing in cryptocurrencies such as Bitcoin (BTC). According to a survey conducted by Gallup on adults over the age of 18 in the U.S. last month, 60% of respondents answered that they had 'no inten

Japanese AI company also pushes for 'Bitcoin reserves'... "Plans to purchase 3,000 coins within a year"

Japanese artificial intelligence (AI) company QuantumSolutions will purchase 3,000 Bitcoins over the next year. According to industry sources on the 27th, QuantumSolutions' board of directors approved a Bitcoin financial strategy plan on the 23rd. Th

[Analysis] "Bitcoin: No Whale Sell-off Observed, New All-time High Possible"

There is speculation that if the Bitcoin (BTC) price breaks out of its current trading range, it could reach a new all-time high. CryptoQuant contributor ShayanMarkets stated on the 26th (local time) via CryptoQuant, "Looking at recent (Bitcoin) futu

[Blooming Lunch] Justin Hyun: "Blockchain’s 'Trustless Model' Is the Future of Finance"

Justin Hyun, Co-CEO of Affluent Founded DeFi service after working at BlockFi and TON 'Trustless model' must become the future of finance TON boasts a '1 billion user' advantage Demand for TON-based DeFi will continue to grow "Meeting good people and

JP Morgan: "$60 Billion Net Inflow into Crypto This Year... Impact of U.S. Regulation"

This year, the cryptocurrency market has seen a net inflow of $60 billion (approximately ₩82.2 trillion). According to CoinDesk on the 24th (local time), global investment bank (IB) JP Morgan announced this in a report released the previous day (23rd

With the enactment of the Genius Act…BofA: "Stablecoin supply could increase by up to $75 billion"

An analysis suggests that the supply of stablecoins in the U.S. could increase by as much as $75 billion due to the enactment of the Genius Act, a legislative bill on stablecoins. According to CoinDesk on the 24th (local time), the global investment

Despite the Cancellation of the 2+2 Meeting… Korea and the U.S. Proceed with Trade Minister Negotiations

Kim Jeong-gwan, Minister of Trade, Industry, and Energy, will proceed as planned with trade negotiations with Howard Lutnick, U.S. Secretary of Commerce. Secretary Lutnick stated in a CNBC interview on the 24th (local time), "Korean officials will vi

Did Trump take note of Tesla's 'earnings shock'…"U.S. companies must prosper"

Donald Trump, the former President of the United States, stated on the 24th (local time), "I hope that not only Elon Musk but all companies in America will prosper." President Trump posted on his social media, Truth Social, saying, "Everyone says tha

US Semler Scientific buys 175 more Bitcoins… worth $21 million

Semler Scientific, a US-based Nasdaq-listed medical device manufacturer, has additionally purchased Bitcoin (BTC) worth $21 million (approximately ₩2.9 billion). On the 24th (local time), Bitcoin for Corporations, via its official X account, announce

Binance Adds Circle's 'USYC' to Collateral Assets…“Strengthening RWA Collaboration”

The world's largest cryptocurrency exchange, Binance, has added USYC, the tokenized money market fund (TMMF) from Circle, the issuer of USDC, to its collateral assets. On the 24th (local time), Circle announced on its official website, “Binance insti

U.S. Initial Jobless Claims at 217,000, Significantly Below Expectations

Last week, the number of new unemployment claims in the United States fell sharply below market expectations. The U.S. Department of Labor announced on the 24th (local time) that the number of new unemployment claims for last week was tallied at 217,

European Central Bank leaves interest rates unchanged...Deposit rate at 2.00%

The European Central Bank (ECB) put the brakes on the rate-cutting cycle. On the 24th (local time), the European Central Bank held a monetary policy meeting in Frankfurt, Germany and kept the deposit rate unchanged at 2.00%. The benchmark rate was al

Liquidations Reach $840 Million in a Single Day… Ethereum Positions Alone Amount to $170 Million

It has been reported that in the cryptocurrency futures market, positions worth $840 million (approximately ₩1.15 trillion) were liquidated over the past 24 hours. The Block, citing CoinGlass data on the 24th (local time), reported, "Over the past 24