JOON HYOUNG LEE

U.S. Fireblocks launches stablecoin payments network

U.S. cryptocurrency company Fireblocks is expanding its stablecoin business. Michael Shaulov (Michael Shaulov), Fireblocks chief executive officer (CEO), said in an interview with U.S. Fortune on the 4th (local time) that it will launch the stablecoi

ECB Executive: "CBDC needed in case of cyberattacks, etc."

A senior official of the European Central Bank (ECB) emphasized the need to introduce its own central bank digital currency (CBDC), the digital euro. On the 4th (local time), according to CoinDesk, Piero Cipollone, a member of the European Central Ba

U.S. initial jobless claims 237,000… exceed expectations

Last week, U.S. initial jobless claims exceeded market expectations. The U.S. Department of Labor said on the 4th (local time) that initial jobless claims last week totaled 237,000. This is 7,000 more than experts' projection (230,000). Compared with

[Market] Bitcoin exceeds $111,000…kimchi premium 0.1%

Bitcoin (BTC) price exceeded $111,000. According to crypto market tracking site CoinMarketCap on the 4th, Bitcoin was trading at $111,105.92 as of 9:17 p.m. that day. It is a 0.38% increase from the previous day. The kimchi premium remained in the 0%

U.S. August ADP nonfarm employment 54,000…well below expectations

Last month, the U.S. private employment indicator came in well below market expectations. According to the Automatic Data Processing (ADP) employment report on the 4th (local time), the number of nonfarm employees in the U.S. last month increased by

Goldman Sachs "If Fed independence is undermined, gold prices will surge…reach 4500 dollars within the year"

Global investment bank (IB) Goldman Sachs said gold prices would surge if the U.S. Federal Reserve's (Fed) independence is undermined. On the 3rd (local time), according to Bloomberg, Goldman Sachs said in a report that "if the Fed's independence is

Japan pushes to clarify cryptocurrency regulation…"Should be classified as financial products"

The Japanese Financial Services Agency (FSA) said cryptocurrencies such as Bitcoin (BTC) should be classified as financial products. On the 4th (local time), according to Cointelegraph, the FSA recently drafted an internal report stating that cryptoc

[Analysis] "Bitcoin investor sentiment cools… must surpass $114,000 to regain momentum"

An analysis said Bitcoin (BTC) price must break above $114,000 to recover momentum. On-chain analytics firm Glassnode said in its weekly report on the 4th (local time), "(Bitcoin) currently more than 60% of short-term investors are in profit," and "t

Gold prices surge 33% year-to-date… "Twice Bitcoin's rate of increase"

This year, the rate of increase in gold prices was found to be twice that of Bitcoin (BTC). On the 4th (local time), CoinDesk reported that gold prices have risen about 33% year-to-date. CoinDesk said, "This is three times the Nasdaq 100's gain and t

Binance's August futures trading volume surpasses $2.6 trillion… "Signal of institutional return"

The world's largest cryptocurrency exchange Binance's futures trading volume last month was reported to have reached the highest level this year. Arab Chain, a CryptoQuant contributor, said on the 4th (local time) via CryptoQuant, "Binance's August f

Uniswap community votes on 'establishing a corporation in Wyoming, U.S.'

Decentralized exchange (DEX) Uniswap (UNI) is holding a community vote to establish a new corporation in the U.S. state of Wyoming. The Block reported on the 4th (local time) that "the Uniswap community is holding a vote on a proposal to establish a

Ruling Party's Min Byung-deok to meet Binance CEO… to discuss 'Gopax incident'

Min Byung-deok, a lawmaker of the Democratic Party of Korea, will meet the chief executive officer (CEO) of the world's largest cryptocurrency exchange Binance to discuss the 'Gopax incident'. According to industry sources on the 4th, Min plans to me

Binance Alpha lists Union (U)… Airdrop event announced

Global cryptocurrency exchange Binance is adding Union (U) to Binance Alpha. Binance said on the 4th (local time) via its official X account that "Binance Alpha will list Union." The listing time is 6:00 p.m. Korean Standard Time that day. Binance al

"Ethereum whale buying increases…holdings up 14% in 5 months"

Whales (large investors)' holdings of Ethereum (ETH) have increased by 14% over the past five months. On-chain analytics firm Santiment said on the 4th (local time) via its official X account that "(the recent Ethereum rally) is the result of accumul

Ripple widens 'stablecoin territory'…Expands partnerships in Africa

XRP issuer Ripple is stepping up its push into the African stablecoin market. Ripple said on the 4th (local time) that it had signed stablecoin partnerships with three parties: African cryptocurrency exchange VALR, Yellow Card, and local payments fir

Gold on a record rally... Will Bitcoin rise too?

Gold price breaks $3,600 for the first time Correlation with Bitcoin draws attention Seen as an inflation hedge 'US ETF' institutional funds also saw net inflows Global stock market instability and related fallout have stirred gold prices, a represen

Bitcoin at an Inflection Point…Are 'September Effect' Warning Lights Turning On?

Slumped to the $107,000 Range ETFs Also Saw $750 Million in Net Outflows Last Month Experts: "A Crucial Turning Point This Week" Bitcoin (BTC) prices have slumped to the $107,000 range for the first time in two months. Despite expectations of rate cu

'Money Tree Sister' also Got Hooked… US Listed Companies, Altcoin Hoarding Frenzy

ARK Invest, large-scale purchase of 'Bit Mining' Stock soars 1000% in 3 months Listed companies stockpile altcoins one after another "Excessive optimism is risky," critics say Recently, the altcoin hoarding by U.S.-listed companies has attracted atte

JPMorgan "Bitcoin undervalued compared to gold"…also indicates potential for upside

Bitcoin (BTC) has been analyzed as being undervalued compared to gold. On the 28th (local time), CoinDesk reported that global investment bank (IB) JPMorgan said in a report released that "Bitcoin is excessively undervalued relative to gold," attribu

Pyth·Chainlink, U.S. government collaborate… on-chain publication of economic indicators

The U.S. government has selected Chainlink and Pyth Network (PYTH) as partners for on-chain publication of economic indicators. On the 28th (local time), Cointelegraph reported that the U.S. Department of Commerce recorded the revised second-quarter

[Analysis] "Bitcoin CVD turns 'neutral'…Investor confidence weakens at $111,000"

An analysis found that Bitcoin (BTC) investors' confidence in the $111,000 range has weakened. On-chain analytics firm Glassnode said on the 28th (local time) via its official X account, "the spot cumulative volume delta (CVD) on major exchanges has

U.S. applies blockchain to GDP data… 9 blockchains including Bitcoin and Ethereum

The United States is applying blockchain technology such as Bitcoin (BTC) and Ethereum (ETH) to gross domestic product (GDP) data. Analysts say this indicates the federal government is accelerating the adoption of blockchain. On the 28th (local time)

'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