JOON HYOUNG LEE

Bitcoin investors’ unrealized profit has climbed to its highest level in about a year, increasing the risk of heavier selling pressure, according to on-chain analytics firm CryptoQuant. In a weekly report published May 13, CryptoQuant said investors’

JPMorgan significantly increased its investment in U.S. spot Bitcoin exchange-traded funds in the first quarter. Cointelegraph reported on May 14 that a 13F filing submitted by JPMorgan on May 13 showed the bank held about 8.3 million shares of Black

South Korea’s National Pension Service bought an additional $37 million of Strategy stock in the first quarter. Bitcoin Treasuries reported on May 13 that the NPS disclosed in a filing submitted to the US Securities and Exchange Commission on May 12

Binance will hold an airdrop event for USD1 holders. BlockBeats reported on May 14 that the global cryptocurrency exchange will run the event for about a month, from May 15 to June 12. The total reward pool is $13 million worth of World Liberty Finan

A New York court has postponed a decision on Aave's request to unfreeze Ether valued at about $71 million. Cointelegraph reported on May 13 that Judge Margaret M. Garnett of the U.S. District Court for the Southern District of New York ordered additi

French cryptocurrency wallet maker Ledger has paused preparations for a US stock market listing. CoinDesk, citing multiple sources, reported on May 13 that Ledger recently decided to put its US initial public offering plans on hold. The company has n

Upexi, a US company listed on Nasdaq and pursuing a Solana-based digital asset treasury, or DAT, strategy, posted a steep first-quarter loss. The Block reported on May 12 that Upexi posted first-quarter revenue of $4.6 million, up slightly from $3.2

The International Monetary Fund warned that a surge in oil prices stemming from the war in Iran could raise the risk of a global recession. Walter Bloomberg reported on May 13 that IMF Managing Director Kristalina Georgieva said the global economy co

Bitcoin fell below $80,000. CoinMarketCap data showed Bitcoin trading at $79,676.91 as of 10:55 p.m. on May 13 in Korea, down 1.18% from a day earlier. The token was 2.47% lower than a week ago. The kimchi premium also turned negative. Cryprice data

Coinbase Chief Executive Officer Brian Armstrong said the CLARITY Act, a US crypto market structure bill, is closer than ever. Armstrong made the comment in a post on X on May 13. He wrote that the CLARITY Act would make the US financial system faste

Rising global oil prices tied to the war involving Iran pushed U.S. producer prices in April well above market expectations. The Producer Price Index rose 1.4% in April from the previous month, the Labor Department’s Bureau of Labor Statistics said o

KRWQ, a won-pegged stablecoin, is launching on Solana. The Block reported on May 13 that IQ said it is deploying KRWQ on the Solana network with Frax. The company said the Korean won has long been a globally traded currency in offshore derivatives ma

Bitwise said passage of the US stablecoin bill known as the GENIUS Act has accelerated fundraising across the cryptocurrency industry, and that the next catalyst could be the crypto market structure bill known as the Clarity Act. In an investor memo

Metaplanet, often dubbed Japan’s version of Strategy, said its Bitcoin holdings have surpassed 40,000. The company said on May 12 it held 40,177 Bitcoin as of the first quarter. That amounted to about 87% of the Bitcoin held by Japan-listed companies

U.S. spot Bitcoin exchange-traded funds swung back to net outflows after one day of inflows. Farside Investors data showed U.S. spot Bitcoin ETFs recorded net outflows of $233.2 million on May 12. The funds had posted net inflows on May 11. Fidelity'

BASIS, a cryptocurrency arbitrage platform, has officially launched after completing a private test. Bloomingbit reported on May 13 that BASIS began offering the service to general users that day. The platform was developed with technical support fro

Sen. Elizabeth Warren is opposing a revised version of the Clarity Act, a bill to set rules for the cryptocurrency market’s structure. In a post on X on May 12, Warren wrote that the U.S. Senate Banking Committee had released a new version of the Cla

XRP trading volume has surpassed Bitcoin on South Korea’s major cryptocurrency exchanges. CoinDesk, citing CoinGecko data, reported on May 13 that XRP posted about $110.9 million in 24-hour trading volume on Upbit’s Korean won market. That exceeded B

Norway’s largest pension fund, KLP Kapitalforvaltning AS, has added to its holding in Strategy. Data from BitcoinTreasuries on May 12 showed KLP increased its Strategy holdings by nearly 10% to 104,680 shares from 95,160 shares. The stake is worth ab

Jindo County in South Jeolla Province is introducing blockchain technology to manage the bloodlines of the Jindo dog, a national natural monument. According to industry officials on May 12, the county will begin work this month on a blockchain-based

The US attacked two tankers bound for Iran in waters off Oman. US Central Command said on its official X account on May 8 that it had enforced a blockade against two empty Iranian-flagged tankers seeking to enter an Iranian port in the Gulf of Oman.

BlackRock and Fidelity have moved large amounts of Ether to Coinbase Prime, on-chain tracker Lookonchain said on May 8. BlackRock deposited 11,475 ETH, worth about $26.3 million at current prices, into Coinbase Prime, according to Lookonchain. Fideli

Most investors expect shipping disruptions through the Strait of Hormuz to last into the second half of the year, a Goldman Sachs survey showed. Walter Bloomberg reported on May 8 that Goldman’s recent survey of about 840 investors found most respond