JOON HYOUNG LEE

Circle President Visits Korea... 'Series of Meetings' with Four Major Financial Groups

The four major domestic financial groups are set to have consecutive meetings with Heath Tarbert, the President of Circle (USDC). Some groups will be represented by their top executives, including chairmen, for these meetings. According to the financ

'Coin Asset Disclosure Controversy' Kim Nam-kook Acquitted Again in Second Trial

Kim Nam-kook, Secretary for Digital Communication at the Presidential Office, was acquitted again in the second trial on charges of falsely reporting his virtual asset holdings in his National Assembly property declaration. The Criminal Appellate Div

Ruling party accelerates 'stablecoin drive'..."Future financial dominance at stake"

National Assembly 'Won Stablecoin' Seminar Min Byung-deok: "Urgent need for institutionalized strategies" "Launch of 'Digital Won Era' with adoption" Financial authorities plan to propose government bill in October The Democratic Party of Korea is ac

Bank of Korea reiterates concerns over 'Korean won stablecoin'… "It should be issued by banks"

The monetary authority once again emphasized its previous stance that the Korean won stablecoin should be issued within the banking sector. Goh Kyung-chul, head of the Electronic Banking Team at the Bank of Korea, attended the seminar titled 'Korean

Naver Pay: "Stablecoins can't be pursued alone...Industry collaboration is essential"

Naver Pay has indicated the possibility of promoting a consortium-based stablecoin business. Lee Byung-kyu, a director at Naver Pay's Innovation Growth Support Office, stated at the 'Korean won Stablecoin: Opening of the Digital Won Era' seminar held

Rep. Park Min-gyu: "Authorities to Submit Phase 2 Virtual Asset Government Bill in October"

The financial regulatory authorities will propose the government's 'Phase 2 virtual asset legislation' around October this year. Rep. Park Min-gyu of the Democratic Party of Korea attended the 'Won Stablecoin: Opening of the Digital Won Era' seminar

Min Byung-deok: "Korean Won Stablecoin, a Core Issue for Future Financial Hegemony"

Representative Min Byung-deok of the Democratic Party of Korea stated on the 18th, "It is urgent to establish a strategy for the Korean won stablecoin through institutionalization." At the seminar titled 'Korean Won Stablecoin: Opening of the Digital

SharpLink Riding Ethereum ... Expectations Rising Ahead of Q2 Earnings Announcement

SharpLink, Q2 Earnings Call on the 15th First Results Since Financial Strategy Shift Secured $2.84 Billion Worth of Ethereum Share Price Continues to Rise on Earnings Expectations US Nasdaq-listed SharpLink Gaming will announce its second quarter res

Ethereum Eyes Historic $5,000 Mark

In the $4,600 range... Soars 30% in a week Impact of aggressive accumulation by major U.S. investors Market capitalization at $560 billion, surpassing Netflix The price of Ethereum, known as the 'leading altcoin,' has been skyrocketing since last mon

Federal Reserve Bank of Kansas City President: "Current monetary policy stance should be maintained"

Jeffrey Schmid, President of the Federal Reserve Bank of Kansas City, expressed support for keeping interest rates unchanged. According to Bloomberg on the 12th (local time), President Schmid attended an event held in Oklahoma City, U.S., and said th

New Whales Make Massive Ethereum Purchases in Past Week… Totaling $1.34 Billion

It has been found that new whales (large investors) purchased Ethereum (ETH) worth $1.34 billion (approximately ₩1.9 trillion) over the past week. Cointelegraph, citing on-chain analytics firm Lookonchain on the 12th (local time), reported, "New whal

Trump: "Trillions of dollars collected in tariffs... Amazing effects on US stocks, etc."

Donald Trump, President of the United States, has emphasized the impact of his aggressive tariff policies. On the 12th (local time), President Trump stated via his social media, Truth Social, "Trillions of dollars are being collected in tariffs," add

Western Union in the U.S. considering launch of stablecoin…"Seeking opportunities"

It has been confirmed that Western Union, a major U.S. remittance company, is considering launching its own stablecoin. Devin McGranahan, CEO of Western Union, said in an interview with Bloomberg on the 11th (local time), "We are seeking opportunitie

Trump presses Powell again... "Considering large-scale lawsuits"

U.S. President Donald Trump once again pressed Jerome Powell, Chairman of the Federal Reserve. On the 12th (local time), President Trump stated on his social media, Truth Social, "'Too Late' Powell must immediately lower interest rates" and added, "F

'Ethereum Reserve' Bitmine to Raise an Additional $20 Billion

Bitmine, a Bitcoin (BTC) mining company that holds the largest amount of Ethereum (ETH) among listed companies worldwide, will raise a new round of funding amounting to $20 billion (approximately ₩27.8 trillion). According to foreign media such as Co

[Market Update] Ethereum surpasses $4,400... Soars 5.5% compared to previous day

The price of Ethereum (ETH) has exceeded $4,400. According to the virtual asset market tracking site CoinMarketCap on the 12th, as of 9:51 PM that day, Ethereum is trading at $4,410.88. This figure is up 5.5% from the previous day. The Kimchi Premium

'Ethereum Reserve' SharpLink, Earnings Call on the 15th…Q2 Results Announcement

SharpLink Gaming, a US NASDAQ-listed company that has adopted an Ethereum (ETH) financial strategy, will announce its Q2 results this week. On the 12th (local time), SharpLink Gaming announced via its official X (formerly Twitter) account, "We will a

[Market Update] Bitcoin exceeds $119,000… Kimchi Premium at -0.61%

The price of Bitcoin (BTC) has surpassed $119,000. According to CoinMarketCap, a virtual asset market monitoring site, Bitcoin was trading at $119,035.99 as of 9:41 PM on the 12th. This represents a 0.58% decrease compared to the previous day. The Ki

U.S. July CPI up 2.7%...Below Expectations

The U.S. Consumer Price Index (CPI) growth rate for July fell short of market expectations. The U.S. Department of Labor announced on the 12th (local time) that last month's CPI rose 2.7% year-over-year. This figure is 0.1 percentage point lower than

Circle to Launch 'Layer 1 Blockchain' Arc This Year…USDC-Based

Circle (USDC), the issuer of the dollar stablecoin, will launch its own Layer 1 blockchain within this year. On the 12th (local time), Circle announced, “Arc will be launched on a public testnet this fall.” Arc is a Layer 1 blockchain based on stable

Wall Street accelerating blockchain adoption… "US Treasury bonds traded even on weekends"

The adoption of blockchain by Wall Street in the United States is gaining momentum. Bloomberg reported on the 12th (local time), "Wall Street used blockchain to trade US Treasury bonds with digital dollars last weekend," adding, "This transaction hin

Circle Announces First Earnings After IPO... Circulation Increases 90% in One Year

The circulation of the US dollar stablecoin issued by Circle (USDC) has surpassed $65 billion. On the 12th (local time), Circle announced that, as of the end of the second quarter, USDC’s circulation stood at $61.3 billion. This is approximately a 90

Vietnamese Government Visits Upbit…"Collaboration on Establishing an Exchange"

The Vietnamese government visited Upbit, the largest domestic cryptocurrency exchange. On the 12th, Upbit's operator Dunamu announced that Nguyễn Văn Thắng, Vietnam's Minister of Finance, Phan Văn Giang, Vietnam's Minister of National Defense, and Vũ

'Unstoppable' Ethereum Rally..."Potential to Break $5,000 Within the Year"

The price of Ethereum (ETH) is soaring unstoppably. The market expects Ethereum to surpass $4,400 this month, with some predicting it could break through $5,000 within the year. According to CoinMarketCap, a cryptocurrency market tracker, on the 10th

Norwegian Sovereign Wealth Fund's Indirect Bitcoin Holdings Reach 7,161, All-Time High

The world's largest sovereign wealth fund, the Norwegian Government Pension Fund Global, has reached a record high in its indirect Bitcoin (BTC) holdings. According to cryptocurrency analytics firm K33 Research, as of the end of June this year, the N

[Analysis] "Bitcoin breaks through $120,000 'technical barrier'... Next target at $135,000"

Analysis suggests that Bitcoin (BTC) has broken through the ‘technical barrier’ at $120,000, increasing the likelihood of further gains. Alex Kuptsikevich, senior analyst at FxPro, told CoinDesk on the 11th (local time), "Bitcoin has already surpasse

'Trump Crypto Advisor' Bailey…BTC Inc CEO Announces $760 Million Bitcoin Purchase

David Bailey, CEO of BTC Inc, who has advised U.S. President Donald Trump on cryptocurrency policy, has announced a large-scale purchase of Bitcoin (BTC). On the 11th (local time), Bailey stated on X, "Since Bitcoin emerged, my dream has been to exec

[Market Status] Bitcoin surpasses $119,000… Kimchi Premium at -0.89%

The price of Bitcoin (BTC) has surpassed $119,000. According to the cryptocurrency market data site CoinMarketCap on the 12th, as of 3:26 PM, Bitcoin is trading at $119,014.63. This marks a 2.48% decrease compared to the previous day. The Kimchi Prem

U.S. SEC Commissioner Mentions 'Ripple Lawsuit'..."Opportunity to Promote Innovation"

Paul Atkins, Commissioner of the U.S. Securities and Exchange Commission (SEC), referenced the lawsuit between Ripple, the issuer of XRP, and the SEC. According to Cointelegraph on the 11th (local time), Commissioner Atkins stated that "the conclusio

[Blooming Lunch] Yongil Kim: "Blockchain is a Quasi-Industrial Revolution"

Yongil Kim, Head of Asia at AVA Labs Experience in M&A advisory at KDB Joined AVA Labs in 2023 Leading major partnerships with large enterprises "Will accelerate the timing of blockchain adoption" 'Meeting good people and having great conversations.'