JOON HYOUNG LEE

Bitcoin Tops $84,000; Kimchi Premium at 0.04%

Bitcoin traded above $84,000. CoinMarketCap data showed Bitcoin changing hands at $84,629.68 as of 9:36 p.m. Korea Standard Time on September 30, up 0.42% from a day earlier. It was down 0.98% from a week earlier. The kimchi premium stayed in the 0%

Bitcoin Rises Above $85,000 as US Core PCE Comes in Below Forecast

The U.S. core personal consumption expenditures price index for August came in below market expectations, easing inflation concerns and lifting Bitcoin. The Bureau of Economic Analysis said on September 30 that the U.S. PCE price index rose 3.4% in A

"Tracking Harder": Bitget Hacker Moves $4 Million in Zcash to Privacy Pool

A wallet linked to the hack of global cryptocurrency exchange Bitget moved about $4 million worth of Zcash into a privacy pool, making the stolen assets even harder to trace. CoinDesk reported on September 30 that a wallet believed to be tied to the

Hacked Crypto Exchange Bitget to Resume P2P Withdrawals on Oct. 2

Global cryptocurrency exchange Bitget will resume peer-to-peer, or P2P, withdrawals on Oct. 2. Bitget Chief Executive Officer Gracy Chen wrote on X on Sept. 30 that the P2P withdrawal service will resume at 5 p.m. Korea time on Oct. 2. Bitget had tem

Gemini Switches Zcash Node Software to Zec.rocks Ahead of NU7 Upgrade

U.S. cryptocurrency exchange Gemini has replaced the software it uses to run Zcash nodes ahead of the network’s planned reduction in block times. CoinDesk reported on September 30 that Gemini recently switched its node software for tracking the Zcash

Standard Chartered Starts Ethena Coverage, Sees ENA Surging Eightfold to $2 by 2028

Standard Chartered has initiated coverage of stablecoin issuer Ethena. Odaily reported on Sept. 30 that the bank expects Ethena's token to rise to $2 by 2028, marking Standard Chartered's first published price outlook on ENA. According to CoinMarketC

Bitwise’s NEAR ETF Draws $35.5 Million of Net Inflows on Debut

Bitwise’s spot exchange-traded fund tied to NEAR Protocol attracted $35.5 million in net inflows on its first day of trading. Blockbeats reported on Sept. 30 that the NEAR spot ETF, the first such fund Bitwise has launched in the US, recorded $35.5 m

Strive Buys 6,106 Bitcoin in a Month at Average Price of About $80,375

Strive, a U.S. corporate Bitcoin treasury company, bought more than 6,100 Bitcoin over the past month. Lookonchain data showed Strive bought 6,106 Bitcoin between Aug. 24 and Sept. 25. The average purchase price was about $80,375 per Bitcoin, for a t

Hacked Bitget Says 24-Hour Deposits Reached $231 Million

More than $230 million was deposited into global cryptocurrency exchange Bitget over the past 24 hours. Odaily reported on September 30 that Bitget said deposits over the latest 24-hour period totaled $231 million. The exchange said the figure was cl

Coinbase Teases Digital Pokemon Card Pack Service Linked to Physical Cards

Coinbase, the U.S. cryptocurrency exchange, is teasing a digital card-pack opening service linked to physical Pokemon cards. Bitcoin.com News reported on September 29 that Coinbase had previewed the smartphone-based feature through its official chann

Trump Says He and Xi Made ‘Tremendous Progress’ on Issues Facing Both Countries

President Donald Trump said on September 24 that he and Chinese President Xi Jinping had made "tremendous progress" by working together on issues facing both countries. Trump made the remarks during a state welcome ceremony for Xi at the White House.

Tom Lee Says Robinhood Chose Ethereum for Security, Liquidity

Tom Lee, chairman of BitMine, the world’s largest corporate holder of Ethereum reserves, said Robinhood chose Ethereum as the blockchain foundation for its infrastructure because of the network’s security and liquidity. In a recent interview, Lee sai

Philadelphia Fed's Paulson Says Another Rate Hike May Be Needed as Inflation Stays High

Anna Paulson, president of the Federal Reserve Bank of Philadelphia, said another increase in the benchmark interest rate may be needed. Walter Bloomberg reported on September 24 that Paulson said underlying inflation remains stubbornly high and that

Solana Foundation Hires Former Binance CMO, Ex-Polygon Executive to Strengthen Payments and Institutional Partnerships

The Solana Foundation has hired former Binance Chief Marketing Officer Rachel Conlan and former Polygon Labs executive Jamil Rice. Cointelegraph reported on September 24 that the foundation appointed Conlan as chief strategy officer and Rice as head

Ark Invest to Tokenize ARKVX Venture Fund With OpenAI, Anthropic Stakes

Ark Invest, led by Cathie Wood, is moving to tokenize a venture fund that invests in OpenAI and Anthropic. CoinDesk reported on Sept. 24 that Ark Invest will work with tokenization platform Securitize to tokenize the economic rights to its ARK Ventur

BofA Raises Year-End US 10-Year Treasury Yield Forecast to 5% From 4.5%

Bank of America has raised its year-end forecast for the US 10-year Treasury yield. Walter Bloomberg reported on September 24 that Bank of America lifted its year-end target for the 10-year Treasury yield by 0.5 percentage point to 5.0% from 4.5%. Th

US Initial Jobless Claims at 197,000, Slightly Below Forecast

US initial jobless claims came in slightly below market expectations last week. The Labor Department said on September 24 that initial jobless claims totaled 197,000 last week. That was 4,000 below economists’ forecast of 201,000 and 1,000 fewer than

Hyperliquid Strategies Buys Additional $135 Million of HYPE in a Week

Hyperliquid Strategies, a Nasdaq-listed U.S. company, bought an additional $135 million worth of Hyperliquid's HYPE token over the past week. BlockBeats and other outlets reported on Sept. 24 that Hyperliquid Strategies purchased 1.444 million HYPE o

IBM Links Systems to Swift Blockchain Ledger to Support Tokenized Deposit Transactions

IBM has linked its systems to Swift’s blockchain-based shared ledger to support tokenized deposit transactions by financial institutions. Odaily reported on September 24 that IBM launched a new messaging adapter that enables financial institutions to

EBA Says Crypto Lending Should Be Brought Under EU’s MiCA Framework

The European Banking Authority said crypto lending services should be brought within the European Union’s Markets in Crypto-Assets, or MiCA, framework. BlockBeats reported on Sept. 24 that the EBA made the proposal in comments recently submitted to t

BitForex Founder Garrett Jin Withdraws Entire $150 Million in USDC From Hyperliquid

BitForex founder Garrett Jin has withdrawn all $150 million in Circle's USDC from global decentralized exchange Hyperliquid (HYPE). BlockBeats and other outlets reported on Sept. 24 that an address linked to Jin withdrew its entire $147 million USDC

US 10-, 30-Year Treasury Yields Rise to Highest Since 2007

U.S. 10-year and 30-year Treasury yields both climbed, reaching their highest levels since 2007. Odaily reported on Sept. 23 that the 10-year Treasury yield rose 0.17 percentage point from the previous day to 5.14%. That was its highest level since 2

Paradigm Unstakes $94 Million Worth of Hyperliquid's HYPE

Crypto venture capital firm Paradigm has unstaked a large amount of Hyperliquid's HYPE token. BlockBeats reported on Sept. 24 that Paradigm submitted unstaking requests in succession through four addresses that day. The firm applied to unstake about

DeepSeek Tops $1 Billion in Annualized Revenue, Nears Final Stage of $7.45 Billion IPO Fundraising

DeepSeek, the Chinese artificial intelligence startup, has surpassed $1 billion in annualized revenue. The Information reported on September 24, citing multiple sources, that DeepSeek's annualized revenue recently reached about $1 billion. Annualized

Oracle Expands Digital-Asset Data Service to Support CBDCs, Stablecoins

Oracle has expanded its digital-asset data service to help banks support tokenized deposits and stablecoin businesses. Oracle announced on Sept. 23 that it is adding features including customized wallets, smart-contract controls and artificial intell

Citi Sees Fed Holding Rates in October and December, Resuming Cuts in June 2027

Citi said the Federal Reserve is unlikely to raise its benchmark interest rate again this year. According to Odaily and other outlets on September 24, Citi expects the Fed to leave rates unchanged in October while monitoring additional economic data.

Multicoin Capital Transfers 130,331 HYPE to Coinbase, Lifting Two-Month Deposits to 4.23 Million

Crypto investment firm Multicoin Capital has made a large transfer of Hyperliquid (HYPE) to U.S. crypto exchange Coinbase. Lookonchain said on Sept. 24 that Multicoin Capital transferred 130,331 HYPE to Coinbase Prime. The tokens were worth $12.15 mi

UK Finance Expels Coinbase From Membership

UK Finance, a British financial lobby group, has expelled U.S. cryptocurrency exchange Coinbase from its membership. Bloomberg reported on September 23 that UK Finance’s board sent Coinbase a letter last week notifying the company that its membership

Fed's Michael Barr Says Additional Rate Increases Are Likely Needed

Federal Reserve Governor Michael Barr said additional increases in the benchmark interest rate will likely be needed. Walter Bloomberg and other outlets reported that Barr, in prepared remarks for an event in Chicago on September 23, said "further ra

EU Sets AI, Tokenization as Key Supervisory Priorities for Next Year

The European Union has designated artificial intelligence and tokenization as key supervisory priorities for next year. Cointelegraph reported on September 23 that the European Securities and Markets Authority, the EU's securities regulator, had desi