JOON HYOUNG LEE

Goldman Sachs Keeps Nvidia at Buy, Maintains $285 Price Target

Goldman Sachs maintained its Buy rating on Nvidia and left its price target unchanged at $285. BlockBeats reported on August 12 that Goldman Sachs reiterated its Buy rating on the chipmaker and maintained the $285 target price. The bank said investor

Fidelity Seeks to Add Staking to Ethereum ETF, Plans Quarterly Cash Payouts

Fidelity Investments is seeking to add staking to its spot Ether exchange-traded fund. CoinDesk reported on August 12 that Fidelity recently filed an amended registration statement with the US Securities and Exchange Commission to allow FETH, its spo

Bitcoin Miners Sold $1.78 Billion of BTC This Year, Adding to Downside Pressure

Bitcoin miners have sold nearly $1.8 billion worth of the cryptocurrency this year. CoinDesk, citing Blockware Intelligence data, reported on Aug. 12 that Bitcoin mining companies have sold about 28,000 tokens so far this year. At current prices, tha

Yen Slides Back Toward 160 Per Dollar Despite US-Japan Intervention; Won Holds Firm

Wide US-Japan Rate Gap Signals 'Structural Weakness' Yen Nears 160 Per Dollar Again The yen has weakened back toward 160 per dollar despite a rare joint intervention by the US and Japan. The won, which has closely tracked the Japanese currency, remai

South Korea Tightens Leverage Rules, Requires Five Days of Paper Trading From Aug. 19

Retail investors seeking first-time exposure to single-stock leveraged products listed in South Korea or overseas must complete at least five trading days and five hours of paper trading starting Aug. 19. The Financial Services Commission said on Aug

White House Lifts TikTok Ban on US Federal Devices After Three Years

The White House has lifted its ban on TikTok on US federal government devices after about three years. Bloomberg reported on August 11 that the Office of Management and Budget withdrew on August 10 its guidance barring TikTok from federal devices. Th

Kalshi Seeks Fresh Funding at $40 Billion Valuation

Kalshi, the global prediction-market platform, is seeking fresh funding at a $40 billion valuation, The Information reported. The U.S. technology news outlet reported on Aug. 20 that Kalshi had recently begun fundraising with a target valuation of $4

Norway Wealth Fund Posts Record $182 Billion First-Half Profit, Reveals SpaceX Stake

Norway's sovereign wealth fund, the world's largest, posted a record first-half profit as a rally in Asian technology stocks boosted returns. The fund also disclosed its investment in Elon Musk's SpaceX for the first time. The fund generated a profit

Japan Blockchain Group Creates Tax Panel to Support DeFi, Stablecoin Adoption

The Japan Blockchain Collaborative Consortium, or BCCC, has created a dedicated tax panel to address tax issues that are hindering corporate adoption of digital assets such as stablecoins and decentralized finance, or DeFi. BCCC announced on Aug. 12

Crypto.com Launches Tokenized Derivatives Tracking 1,500 US Stocks, ETFs

Global cryptocurrency exchange Crypto.com has launched tokenized derivatives tied to the prices of about 1,500 US stocks and exchange-traded funds. CoinDesk reported on August 12 that the company rolled out the service for eligible users in the Europ

Cyworld to Return in October as Web3 Service, Weighs Won Stablecoin Tie-In

Cyworld, one of South Korea’s signature social media platforms in the 2000s, will return in October as a Web3-based service. Its new operator, local blockchain company Sigma Chain, is also considering introducing a won-backed stablecoin as digital-as

Ethereum Proposal to Cut Staking Rewards Triggers Decentralization Debate

Debate is intensifying within the Ethereum community over a proposal to reduce staking rewards. Cointelegraph reported on August 7 that Ethereum researchers recently introduced EIP-8363, a new proposal that would gradually reduce newly issued rewards

Trump Says Bitcoin Payments Are Increasing, Calls Crypto a 'Very Important' Field

President Donald Trump said on August 7 that cryptocurrency is "a very important" field. In a recent interview cited by Cointelegraph and other outlets on August 7, Trump said, "Cryptocurrency is a very important thing." He added that people are payi

Crypto Slump Pushes CEX Perpetual Futures Volume to 31-Month Low

Monthly perpetual futures trading volume on centralized cryptocurrency exchanges fell to its lowest level in 31 months last month. Cointelegraph reported on August 7 that monthly perpetual futures volume on centralized exchanges totaled about $4 tril

Marathon Holdings Sells 726 Bitcoin, Cutting Holdings to About 35,600

Marathon Holdings, a US Bitcoin miner, has sold 726 Bitcoin. BitcoinTreasuries data on Aug. 7 showed Marathon recently sold the tokens. The sale reduced Marathon's Bitcoin holdings to 35,577. By Bitcoin holdings, it ranks fourth among publicly traded

Russia Raids 9 Unregistered Crypto Exchanges in Moscow, Detains More Than 20

Russian authorities raided nine unregistered cryptocurrency exchanges in Moscow. Cointelegraph reported on August 7 that Russia's Federal Security Service, or FSB, and the Interior Ministry searched the nine exchanges at the Moscow International Busi

US July Nonfarm Payrolls Fall by 23,000, Far Below Forecast

US employment data for July came in far below market expectations. The Labor Department said on August 7 that nonfarm payrolls fell by 23,000 from the previous month in July. That was 108,000 below the market forecast of an 85,000 increase. It was al

Argus Research Upgrades SpaceX to Buy, Sets $160 Price Target

Argus Research upgraded SpaceX to Buy from Hold, citing second-quarter results that topped market expectations. BlockBeats and other outlets reported on Aug. 7 that Argus made the change that day. SpaceX disclosed on Aug. 4 that second-quarter revenu

Ark Invest Buys $21 Million of Block Shares, Adds to SpaceX Stake

Ark Invest, the investment firm led by Cathie Wood, bought a large block of shares in payments company Block. Odaily reported on August 7 that Ark disclosed it purchased 267,676 Block shares for about $21 million on August 6. The firm also bought an

Saylor Says Bitcoin Doesn’t Need CLARITY Act as Senate Vote Slips to September

Michael Saylor, chairman of Strategy, said Bitcoin does not need the cryptocurrency market structure bill known as the CLARITY Act after a US Senate floor vote on the measure was pushed to September. Writing on X on August 7, Saylor said, “Bitcoin do

Wintermute Registers as US Broker-Dealer, Eyes Stocks and Crypto ETF Markets

Global crypto market maker Wintermute has registered as a broker-dealer in the US, a move that broadens its reach into traditional finance. CoinDesk reported on August 7 that Wintermute recently registered with the US Securities and Exchange Commissi

Chainlink Buys Back $1.13 Million of LINK, Transfers Tokens to Reserve Wallet

Chainlink has executed a token buyback worth about $1.13 million. According to Odaily and other outlets on August 7, Chainlink recently purchased about 139,956 LINK tokens and transferred them to a reserve wallet. The buyback is estimated to have cos

PBOC Buys Gold for 21st Straight Month, Holdings Top 76 Million Ounces

China's central bank added to its gold reserves for a 21st consecutive month. BlockBeats reported on August 7 that the People's Bank of China's gold holdings stood at 76.08 million ounces at the end of last month, up 640,000 ounces from 75.44 million

SK Hynix Approves $39.2 Billion for Yongin Fab 2, Cheongju M17

SK Hynix Inc. will invest a combined 54 trillion won ($39.2 billion) in new production facilities in Yongin and Cheongju to meet rising demand for artificial intelligence memory. The company said Aug. 7 that its board approved 35.2 trillion won ($25.

SK Hynix to Finalize Additional Shareholder Return Plan in Third Quarter

SK Hynix said it will finalize and announce additional shareholder return measures in the third quarter. In a regulatory filing on Aug. 7, the company said it is actively reviewing further steps to enhance shareholder value. Details will be finalized

Binance Wallet Revamps bStocks Trading Rewards, With Up to 4x Volume Credit

Binance Wallet is revamping the trading-volume reward system for its tokenized stock service, bStocks. BlockBeats reported on August 7 that Binance announced the changes that day. The revised program will take effect at 9 a.m. Korea time on August 8.

Morgan Stanley’s MSBT Adds 100 Bitcoin, Holdings Rise Above 6,300

Morgan Stanley has bought about 100 additional Bitcoin through spot Bitcoin ETF MSBT. BlockBeats, citing data from blockchain analytics firm Arkham, reported on Aug. 7 that Morgan Stanley recently added about 100 Bitcoin through MSBT. The purchase wa

Clarity Act Left Off US Senate Floor Schedule; Odds of Passage This Year Fall to 17%

The Clarity Act, a US cryptocurrency market structure bill, was left off the Senate floor schedule on Aug. 6. Cointelegraph reported that the bill was not included on the Senate’s floor agenda that day. Senate Republican leader John Thune had recentl

Step App to Shut Down After Four Years as FITFI Extends Decline

Move-to-earn platform Step App will shut down four years after its launch. Cointelegraph reported on August 6 that Step App said in a post on X that it will wind down services in stages through August 21. The company asked users to unstake unlocked t

JPMorgan Says Inflows Into Hyperliquid ETF Have All but Stopped as Exchange Competition Heats Up

Inflows into Hyperliquid’s HYPE exchange-traded fund have effectively stalled as competition among cryptocurrency exchanges intensifies, according to a JPMorgan analysis. CoinDesk reported on Aug. 6 that JPMorgan said in a report released the same da