JOON HYOUNG LEE

[Market] Bitcoin falls below $110,000…Kimchi Premium at 0.61%

The price of Bitcoin (BTC) is trading below $110,000. According to CoinMarketCap, a digital asset market monitoring site, the price of Bitcoin was about $109,762.94 as of 10:52 AM KST. This marks a rise of approximately 3.9% from the previous day. Ea

The Democratic Party proposes the 'Digital Asset Basic Act'..."Addressing regulatory gaps"

The Democratic Party of Korea is accelerating the process of enacting the 'Digital Asset Basic Act.' On the 10th, Min Byung-deok, a party member, announced he had introduced the Digital Asset Basic Act as the lead sponsor. This Act provides comprehen

[Analysis] "Buying pressure from the United States rising…Classic bull market pattern"

There is analysis suggesting that the buying pressure from United States investors is indicating an upward cycle for Bitcoin (BTC). Crypto Dan, a contributor at CryptoQuant, stated on the 10th through CryptoQuant, "The current market has continued it

U.S. Prosecutors Indict Russian Cryptocurrency CEO: "Embezzled $500 Million via Tether"

U.S. authorities have indicted the CEO of a Russian cryptocurrency company on charges of embezzlement. According to CNBC on the 9th (local time), U.S. federal prosecutors have arrested and charged the Russian national, Yuri Gugin. Gugin, the CEO of a

Bloomberg: "Possibility Rises for Stablecoin Law to Pass Within Days"

There is speculation that the Stablecoin Act (GENIUS Act) is highly likely to pass the U.S. Senate this week. Bloomberg reported on the 9th (local time), "(The Stablecoin Act) gained support last month from U.S. Democratic senators such as Mark Warne

With Bitcoin’s rise... $110 million short positions liquidated in one hour

Amid Bitcoin (BTC) price increases, over $100 million worth of short (sell) positions were liquidated in the past hour. CoinDesk, citing CoinGlass data on the 9th (local time), reported, "Over $110 million of short positions were liquidated in just o

[Breaking News] US Armed Forces formalize deployment of Marines to LA… "To protect federal personnel and property"

"Ethereum sideways movement nearing an end…possibility of rising to $3,600"

There is a view that the price of Ethereum (ETH) could soon rise to $3,600. Cointelegraph reported on the 9th, citing Coinglass data, that "the size of open interest (OI) in Ethereum futures increased by 40% from $26 billion to $36 billion over the p

Bitcoin breaks through $110,000 again…Kimchi Premium at 0.7%

The price of Bitcoin (BTC) has once again surpassed $110,000. According to cryptocurrency market data website CoinMarketCap on the 10th, Bitcoin’s price exceeded $110,000 at around 6:29 AM KST. This is the first time in about two weeks since last mon

Bitcoin Hovers at $100,000... US Trade Negotiations Are Key

Cryptocurrency A to Z Trump Tariffs and Other Impacts If the Negotiations Conclude by the 4th of Next Month Bitcoin Headwinds May Ease Possibility of Fed Rate Cuts "Bullish in H2" Forecasts Emerge Last month, the price of Bitcoin surpassed $110,000 f

Argentine authorities clear President Javier Milei... 'Libra scandal' closed

President Javier Milei of Argentina has been cleared of charges in the 'Libra scandal' investigation. On the 7th (local time), according to The Block, the Anti-Corruption Office of Argentina (OA) announced that same day it had concluded President Mil

[Major Economic and Cryptocurrency Events This Week] U.S. May Consumer Price Index and More

<Major Economic Events Next Week> ▶︎June 9 (Mon): △Japan Q1 GDP (KST 8:50, U.S. 19:50) △China May Consumer Price Index (KST 10:30, U.S. 21:30) △China May Trade Balance (KST 12:00, U.S. 23:00) ▶︎June 10 (Tue): △U.S. May Consumer Inflation Expectation

Binance Alpha, OpenRoot Added…Airdrop & Trading Competition Announced

The global virtual asset exchange Binance is adding OpenRoot (OL) to Binance Alpha. On the 8th, Binance announced on its official website, "Binance Alpha will list OpenRoot" and added, "Users who hold more than 233 Binance Alpha Points will be able t

Big Player James Wynn Directly Criticizes Hyperliquid…"Step Up Before You Lose in Competition"

James Wynn, a cryptocurrency whale (large investor), directly criticized the decentralized exchange (DEX) Hyperliquid (HYPE). On the 8th, James Wynn stated on X, "If Changpeng Zhao (CZ), the founder of Binance, launches a derivatives decentralized ex

Reserve Bank of India: "No change in cryptocurrency stance…concerns about potential risks"

The Reserve Bank of India (RBI) announced that it is "concerned about the potential risks that cryptocurrencies may pose to financial stability and monetary policy." According to local media such as The Times of India on the 7th (local time), Sanjay

'Justin Sun-affiliated' BiT Global…Settlement of Legal Dispute with Coinbase

Hong Kong-based virtual asset exchange BiT Global and US-based virtual asset exchange Coinbase have reached an agreement to settle their legal dispute regarding Wrapped Bitcoin (WBTC). According to CoinDesk on the 7th (local time), BiT Global submitt

"Tether's valuation would reach $515 billion upon listing… surpassing Coca-Cola and Costco"

Analysis suggests that the valuation of the stablecoin issuer Tether (USDT) would reach $515 billion (about ₩701 trillion) if it were to go public. Jon Ma, the founder of Artemis, stated on X on the 7th (local time), "If Tether were to list today, it

[Today's Global Trending Coins] Bancor Coin, Polygon, AIXBT, and More

According to Token Mindshare Top Gainer, an indicator from the AI-powered web3 search platform Kaito (Kaito), which quantifies the influence of specific tokens in the virtual asset market, as of the 8th, the top five most searched crypto-related keyw

"U.S. Ethereum ETF Cumulative Inflows Reach All-Time High"

The cumulative inflow into U.S. Ethereum (ETH) spot exchange-traded funds (ETFs) has reached an all-time high. According to The Block on the 7th (local time), as of the 6th, the total cumulative inflow for nine U.S. Ethereum spot ETFs, including Blac

"Trump–Musk Split Could Increase Chances of Market Rebound"

There are observations that the conflict between Donald Trump, President of the United States, and Elon Musk, CEO of Tesla, could heighten the likelihood of a rebound in the virtual asset market. The on-chain analytics platform Santiment stated on it

Office of the President Senior Secretary for Political Affairs Woo Sang-ho, Senior Secretary for Civil Affairs Oh Kwang-su, Senior Secretary for Public Relations Lee Kyu-yeon

On the 8th, the Office of the President appointed former Democratic Party lawmaker Woo Sang-ho as Senior Secretary for Political Affairs. Oh Kwang-su, former chief prosecutor of Daegu District Prosecutors' Office, was appointed as Senior Secretary fo

Trump: "Musk Will Face 'Serious Consequences' If He Supports the Democratic Party"

U.S. President Donald Trump said regarding Elon Musk, CEO of Tesla, that "if he supports the Democratic Party, he will face 'serious consequences.'" In an interview with NBC News on the 7th (local time), President Trump said, "If (CEO Musk) supports

[Analysis] "Bitcoin On-chain Data Shows Clear Bullish Signal"

An analysis has emerged suggesting that bullish signals have been detected in Bitcoin (BTC) on-chain data. CryptoQuant contributor Carmelo_Alemán stated on the 8th via CryptoQuant, "Recently, concerns about this upward cycle have been raised as the p

The 'Lee Jae-myung era' begins for Korean coins…"ICO and Bitcoin ETF to be fully permitted"

'Lee Jae-myung administration' launched A series of pro-virtual asset pledges announced If Bitcoin ETF is allowed, Korea would be 2nd in Asia Korean won stablecoin rollout expected to accelerate With the launch of the Lee Jae-myung administration, wh

Sluggish Nexon 'Maple Coin'...Is a rebound possible in the second half of the year?

'Nexon Coin' Nexpace (NXPC) Listed consecutively on Binance, etc. Dropped to the low $1 range The success of MapleStory N is the key growth driver The price of Nexpace (NXPC), a virtual asset ambitiously released by the South Korean game company Nexo

Bank of Korea Maintains Leadership over 'KRW Stablecoin'… A Check on Lee Jae-myung’s Possible Administration?

Rhee Chang-yong Emphasizes Bank of Korea’s Stablecoin Authority Expresses Negative View on Issuance by Non-Bank Sectors Some See This as a Preemptive Move Ahead of an Early Presidential Election Presence of CBDC ‘Project Han River’ May Diminish The B

[Analysis] "XRP Open Interest Nears $5 Billion...Possibility of a Sharp Rally"

Open interest (OI) in XRP has reportedly approached $5 billion. Typically, an increase in open interest is viewed as a signal of rising speculative demand. Ryan Lee, Chief Research Analyst at Bitget, told BloomingBit on the 29th (local time), "XRP op

Bloomberg: "Stablecoins Threaten Small Banks… Possibility of Deposit Outflows ↑"

There is analysis suggesting that stablecoins have the potential to emerge as a real threat to small banks. Bloomberg reported on the 29th (local time) that "banks are facing the possibility of competition with the cryptocurrency industry as the Stab

US Treasury Secretary: 'US-China talks at an impasse... Trump and Xi need to talk'

Scott Bessent, the U.S. Treasury Secretary, has stated that trade negotiations with China are "at an impasse." On the 29th (local time), Secretary Bessent said in an interview with Fox News, "(The US-China trade negotiations) have somewhat reached a

[Analysis] "Low Bitcoin Profit-Taking... High Likelihood of Continued Bull Market"

Crypto Dan, a contributor to CryptoQuant, analyzed that Bitcoin (BTC) is highly likely to maintain its upward trend for the time being. On the 30th, Crypto Dan, a CryptoQuant contributor, stated through CryptoQuant, "The current (Bitcoin) profit-taki