JOON HYOUNG LEE

U.S. Senate Postpones Release of Digital Asset Market Structure Bill Draft

The U.S. Senate has postponed the release of the 'Digital Asset Market Structure Bill (CLARITY Act)', which was originally scheduled for this week, to next week. On the 10th (local time), Eleanor Terrett, host of 'Crypto in America', announced on her

Trump: "No inflation... Fed must cut rates swiftly"

On the 10th (local time), U.S. President Donald Trump once again pressured Jerome Powell, Chairman of the Fed, by saying "interest rates must be lowered swiftly." On this day, President Trump stated on his social media, Truth Social, that "the United

Bitget Burns Own Token Worth 'USD 140 Million'... 2.6% of Total Supply

Global cryptocurrency exchange Bitget has burned its own tokens worth 140 million dollars. Gracy Chen, the Chief Executive Officer (CEO) of Bitget, announced through X (formerly Twitter) on the 10th (local time), "Approximately 30 million Bitget Toke

"Pence, Former Vice President in Trump’s First Term: ‘Deep Concerns About the Fed... Should Focus Solely on the Dollar’"

Mike Pence, who served as Vice President in Donald Trump’s first administration, stated that he has "deep concerns about the Fed (Federal Reserve)." On the 10th (local time), former Vice President Pence said in an interview with Bloomberg, "I've long

Coinbase and Perplexity’s 'AI Alliance'…Pushing for Data Sharing

The US cryptocurrency exchange Coinbase has established an 'AI alliance' with the artificial intelligence (AI) startup Perplexity. Brian Armstrong, CEO of Coinbase, announced on X (formerly Twitter) on the 10th (local time) that “Coinbase has entered

Korean Entertainment Firm K-Wave Media Accelerates ‘Bitcoin Accumulation’... Secures $1 Billion

K-Wave Media, a South Korean entertainment company, has secured funds totaling $1 billion (approximately ₩1.4 trillion) to purchase Bitcoin (BTC). K-Wave Media announced on the 10th (local time) that it had signed a $500 million convertible bond (CB)

US-listed KULR purchases additional 90 Bitcoins…worth $10 million

KULR Technology Group, listed on the New York Stock Exchange (NYSE), has purchased an additional $10 million (approx. ₩14 billion) worth of Bitcoin (BTC). Michael Mo, CEO of KULR Technology Group, announced via X that they bought 90 Bitcoins for appr

BIT Mining Pursues Solana Reserves...Up to $300 Million Investment

BIT Mining (BIT Mining), a Chinese Bitcoin (BTC) mining company listed on the New York Stock Exchange (NYSE), is pursuing the accumulation of Solana (SOL) reserves. On the 10th (local time), BIT Mining announced, “We will build up Solana assets as pa

U.S. Initial Jobless Claims at 227,000...Below Market Expectations

The number of new unemployment benefits claims in the United States last week was significantly below market expectations. The U.S. Department of Labor announced on the 10th (local time) that the number of new jobless claims last week was tallied at

EU authorities launch investigation into 'Malta MiCA Law'…OKX and others targeted

The European Union (EU) regulatory authorities have launched an investigation into Malta's MiCA law application. According to CoinDesk on the 10th (local time), the European Securities and Markets Authority (ESMA) recently conducted a 'peer review' r

'Whale' James Wynn Takes 40x Leveraged Short Position on Bitcoin

Crypto whale (large-scale investor) James Wynn has entered a high-leverage short (sell) position on Bitcoin (BTC). Blockchain analytics firm OnchainLens announced through its official X account on the 10th (local time) that “James Wynn has opened a s

US-listed Sequans buys 370 Bitcoins… "Will reserve over 3,000"

US Nasdaq-listed IoT semiconductor company Sequans Communications has formally launched its Bitcoin (BTC) treasury strategy. On the 10th (local time), Sequans Communications announced, "As part of our Bitcoin treasury strategy, we have purchased 370

Ant Group of China Pushes for USDC Adoption...Integration into Its Own Blockchain

China's largest fintech company, Ant Group, is introducing USDC to its own blockchain. On the 10th (local time), Bloomberg reported that Ant International, the overseas subsidiary of Ant Group, is pursuing the introduction of USDC into its blockchain

Companies purchase an additional 160,000 Bitcoins in Q2, totaling $17.6 billion

It has been revealed that companies adopting a Bitcoin (BTC) treasury strategy purchased Bitcoins worth $17.6 billion (approximately ₩24 trillion) in the second quarter alone. Cointelegraph, citing data from crypto investment firm Bitwise Asset Manag

Justin Sun: "OfficialTrump, a Very Important Meme Coin... Further Collaboration Expected"

Justin Sun, the founder of TRON (TRX), who announced a plan to acquire OfficialTrump (TRUMP) worth $100 million, stated that “there will be further collaboration with OfficialTrump.” In an interview with CoinDesk on the 10th (local time), Justin Sun

BNB Foundation completes 32nd token burn…Worth $1.02 billion

The Binance Coin (BNB) Foundation has burned Binance Coin tokens worth $1.02 billion (approximately ₩1.4 trillion). On the 10th (local time), the BNB Foundation announced on its official website, “The 32nd quarterly Binance Coin burn has been success

'Record Highs' for Bitcoin…"Potential to Surpass $130,000 in September"

There is speculation that the price of Bitcoin (BTC) could break through $130,000 this September. Markus Thielen, CEO of the cryptocurrency analysis firm 10x Research, told Cointelegraph on the 9th (local time) that he remains "positive about the pot

Bank of Korea 'suspends CBDC experiment'...Arbitrum: 'Introduction of stablecoins inevitable'

The Arbitrum Foundation (ARB) recently issued a statement regarding the Bank of Korea's suspension of its central bank digital currency (CBDC) experiment, saying that the introduction of stablecoins has become inevitable. John Park, Head of Korea at

U.S. Bitcoin ETF surpasses $50 billion in net inflows... Just 18 months after launch

The cumulative net inflows into U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) have surpassed $50 billion. According to Cointelegraph on the 10th (local time), cumulative net inflows into spot Bitcoin ETFs exceeded $50 billion on this day. This

"Trump's Special Envoy to Resume Nuclear Talks with Iran Next Week"

The United States is expected to resume nuclear negotiations with Iran next week. On the 3rd (local time), the U.S. media outlet Axios, citing sources, reported that Steve Witkoff, a close associate of U.S. President Donald Trump and U.S. Middle East

Trump "Scheduled to Speak with Putin Today"... Expected to Discuss Ukraine Ceasefire Talks

Donald Trump, President of the United States, and Vladimir Putin, President of Russia, are scheduled to hold a phone call on the 3rd (local time). President Trump announced on his social media, Truth Social, "I am scheduled to speak with President Pu

Telegram-based startup TOP secures Series A funding… Amounting to $28.5 million

Telegram-based blockchain startup The Open Platform (TOP) has secured a Series A investment worth $29 million (approximately ₩4 billion). According to Fortune Magazine on the 3rd (local time), The Open Platform finalized the securing of a Series A in

Bank of England Governor: "Stablecoins Pose a Threat to the 'Monetary System'...Must Be Closely Monitored"

Andrew Bailey, Governor of the Bank of England (BoE), stated that "stablecoins could undermine trust in the existing 'money system.'" According to Bloomberg on the 3rd (local time), Governor Bailey said in a lecture that "central banks need to carefu

[Market Trend] Bitcoin Surpasses $110,000...Kimchi Premium at -0.57%

The price of Bitcoin (BTC) has surpassed $110,000. According to the cryptocurrency market tracking site CoinMarketCap on the 3rd, Bitcoin was trading at $111,117.77 as of 10:48 PM on this day. This represents an increase of 2.13% compared to the prev

Tether to mine Bitcoin in Brazil… Launching mining initiative using renewable energy

Tether (USDT) is launching a Bitcoin (BTC) mining project in Brazil utilizing renewable energy. On the 3rd (local time), Tether announced that it had signed a Memorandum of Understanding (MOU) for a strategic partnership for Bitcoin mining with Adeco

Nearly 130,000 Metaplanet shareholders in Japan… Number doubled in just 3 months

The number of shareholders in Metaplanet, a publicly listed Japanese company that has adopted a Bitcoin (BTC) financial strategy, has more than doubled in the past three months. Simon Gerovich, CEO of Metaplanet, stated on his X account on the 3rd (l

JPMorgan: "Stablecoin market to reach $500 billion by 2028"

There are projections that the global stablecoin market will grow to $500 billion by 2028. According to CoinDesk on the 3rd (local time), global investment bank (IB) JPMorgan stated in a report that "the stablecoin market will grow to $500 billion by

[Market Update] Bitcoin falls below $109,000… Kimchi Premium at -0.57%

The price of Bitcoin (BTC) has dropped below $109,000. According to the cryptocurrency market monitoring site CoinMarketCap on the 3rd, Bitcoin is trading at $108,915.04 as of 9:43 p.m. This is an increase of 1.53% compared to the previous day. The K

U.S. Initial Jobless Claims at 233,000...Below Market Expectations

Last week, the number of new initial jobless claims in the United States fell short of market expectations. The United States Department of Labor announced on the 3rd (local time) that last week's number of initial jobless claims was tallied at 233,0

U.S. June Nonfarm Payrolls: 147,000 Jobs, Far Exceeding Estimates

Last month, U.S. employment figures significantly surpassed market expectations. The Department of Labor announced on the 3rd (local time) that nonfarm payroll employment increased by 147,000 in June compared to the previous month. This figure exceed