JOON HYOUNG LEE

Bitdeer Mined 1,310 Bitcoin in August, Up 249% From a Year Earlier

Bitdeer Technologies Group, a Nasdaq-listed Bitcoin miner, said its Bitcoin output in August surged nearly 250% from a year earlier. Odaily reported on September 17 that Bitdeer mined about 1,310 Bitcoin in August, the company said that day. That was

Celsius Estate Sues BitMEX for Return of 6,360 Bitcoin Ahead of Shutdown

The bankruptcy estate of crypto lender Celsius has sued BitMEX, alleging the exchange carried out an improper liquidation and manipulated prices during the cryptocurrency market crash in 2020. Cointelegraph reported on September 16 that the Celsius e

CFTC Commissioner Says Agency Will Use Existing Powers to Build Crypto Rules

The US Commodity Futures Trading Commission plans to build its own regulatory framework for cryptocurrencies using authority already granted under current law. Michael Selig, a commissioner at the CFTC, called the Senate’s failed cloture vote on the

Theo Launches Tokenized Silver Product Based on Lease Commitments

On-chain finance platform Theo has launched a tokenized silver product designed to generate returns from silver lease commitments. CoinDesk reported on September 16 that Theo rolled out thSLVR, a yield-bearing token linked to the price of silver. The

US House Reviews Crypto Tax Bill, Strategic Bitcoin Reserve Measure

The US House of Representatives has begun reviewing legislation on cryptocurrency taxation and a strategic Bitcoin reserve. According to Odaily and other outlets, the House Ways and Means Committee began markup of the Digital Asset Tax Certainty Act

Apple Weighs Server Market Entry, Discusses Nvidia Technology Partnership

Apple is discussing technology cooperation with Nvidia as it considers entering the artificial intelligence server market. The Information reported on September 16 that Apple is reviewing whether to adopt Nvidia's high-speed interconnect technology,

Bernstein Says Failed Clarity Act Vote Will Accelerate SEC, CFTC Rulemaking

The failure of the Clarity Act, a U.S. crypto market structure bill, to clear the Senate is set to spur regulators to speed up their own rulemaking, Bernstein said. Cointelegraph reported on September 16 that Bernstein said in a report the same day t

US August Retail Sales Rise 1.2% From Prior Month, Beating Forecasts

U.S. retail sales rose 1.2% in August from the previous month, topping market expectations. The Commerce Department said on September 16 that retail sales increased 1.2% in August from July. That was 0.4 percentage point above economists' forecast of

Deutsche Bank to Launch Institutional Crypto Custody This Year With Bitcoin, Ether Support

Germany’s largest bank, Deutsche Bank, will launch a cryptocurrency custody service later this year for institutional and corporate clients. Bloomberg reported on September 16 that Deutsche Bank plans to start the service for institutional clients on

Michael Saylor Says Clarity Act Deadlock Won't Stop US Agencies From Writing Crypto Rules

Michael Saylor, executive chairman of Strategy, the world's largest corporate holder of Bitcoin, said a deadlock over the Clarity Act does not mean the crypto industry must wait for Congress to act. Writing on X on September 16, Saylor said he expect

Two Prime Launches Axiom WBTC Yield Vault, Targeting 1.5%-2% Annual Returns

Two Prime, a cryptocurrency financial services firm, has launched a Bitcoin-based lending product. CoinDesk reported on September 16 that Two Prime unveiled the Axiom WBTC Yield Vault, a Bitcoin yield vault built on Pareto, an on-chain private credit

Justin Sun to Launch Math Prize With Awards of Up to $1 Million

Tron founder Justin Sun is launching the "Justin Sun Prize," a mathematics award with prizes of up to $1 million. Sun announced on X on Sept. 16 that he would create a mathematics prize that rewards problem-solving itself rather than a winner's reput

Gate Integrates Circle’s Arc Mainnet, Offers Zero-Gas Trading

Global cryptocurrency exchange Gate has integrated Arc, the proprietary blockchain of USDC issuer Circle, into its Web3 services. Odaily reported on September 16 that Gate said it now supports the Arc blockchain across its key Web3 services, includin

Reuters: SK Hynix, Intel Discuss U.S. Memory Production, Consider Joint Venture

SK Hynix is discussing ways to work with Intel on memory chip production in the United States, a move that would mark its first memory manufacturing operation in the country. Reuters, citing multiple sources, reported on Sept. 16 that SK Hynix and In

DOJ Charges Two Former Robinhood Engineers Over Crypto Listing Insider-Trading Scheme

The U.S. Department of Justice has charged two former Robinhood engineers with profiting from nonpublic information related to cryptocurrency listings. Cointelegraph reported on September 16 that the Justice Department recently charged the former eng

Dunamu Signs MOU With Kazakhstan's ACA, Alatau City Bank on Digital Finance Infrastructure

Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, said on Sept. 16 it signed a memorandum of understanding with Kazakhstan's Alatau City Administration, or ACA, and Alatau City Bank to develop digital financial infrastructu

IoTrust Detects Abnormal Transactions in D’CENT App Wallet, Urges Users to Move Assets

South Korean digital-asset wallet provider IoTrust has detected abnormal transactions in its app. IoTrust said on September 16 on its official X account that it had detected unusual asset movements related to the D’CENT app wallet and was conducting

Zcash Seeks to Cut Block Time to 25 Seconds From 75 in NU7 Upgrade

Zcash is seeking to cut its block generation time to 25 seconds from 75 seconds. CoinDesk reported on September 16 that about 2.4 million ZEC participated in a recent token-holder vote to determine the scope of NU7, Zcash’s next major network upgrade

Plaee CEO Calls Prediction Markets ‘P2P Financial Markets,’ Sees $1 Trillion in Volume by 2030 [Cointerview]

“Prediction markets are expanding the range of outcomes that can be priced. In that sense, they are closer to an information layer that turns collective expectations into a real-time signal.” Leon Okun, chief executive officer of Plaee, made the rema

Nasdaq, 28 Firms Urge EU to Scrap Tokenization Cap or Raise It to at Least 1.5 Trillion Euros

Nasdaq, Boerse Stuttgart and other global finance and crypto industry participants are urging the European Union to scrap or expand the cap applied to its pilot regime for tokenized securities. CoinDesk reported on September 10 that 28 companies and

Kalshi Launches Gold, Silver Perpetual Futures After Securing CFTC Approval

U.S. prediction-market platform Kalshi has launched perpetual futures tied to gold and silver prices. CNBC reported on September 10 that Kalshi recently received approval from the Commodity Futures Trading Commission to list gold and silver perpetual

Coinbase, Moov to Offer Stablecoin Payment Infrastructure to More Than 1,000 US Regional Banks

Coinbase is partnering with payments infrastructure firm Moov to provide stablecoin infrastructure to US regional banks and other financial institutions. Coinbase said on Sept. 10 that it had entered into a partnership to integrate its stablecoin inf

ECB Raises Deposit Rate to 2.50%, Second Increase This Year

The European Central Bank raised all three of its key policy rates. After a monetary policy meeting in Berlin on September 10, the ECB said it would raise the deposit rate by 25 basis points to 2.50% from 2.25%. The deposit rate is now at its highest

Cumberland Accumulates PONS, Buying $6.55 Million in a Week

Crypto market maker Cumberland has been accumulating PONS. Lookonchain said on Sept. 10 that a wallet linked to Cumberland bought PONS every day over the past week. The wallet also withdrew about 8.5 million PONS from crypto exchange Gate during that

Bitcoin Falls Below $77,000; Kimchi Premium at 1.55%

Bitcoin fell below $77,000. CoinMarketCap data showed Bitcoin trading at $76,846.97 as of 9:58 p.m. Korea time on September 10, down 3.45% from a day earlier. The token was down 2.37% from a week earlier. The kimchi premium remained in the 1% range.

US Weekly Jobless Claims at 206,000, Slightly Above Forecast

U.S. initial jobless claims came in slightly above market expectations last week. The Labor Department said on September 10 that initial jobless claims totaled 206,000 last week. That was 1,000 above economists’ forecast of 205,000 and 1,000 below th

US August PPI Rises 0.4% From Prior Month, Matching Estimates

U.S. producer prices rose in August in line with market expectations. The Labor Department said on September 10 that the producer price index rose 0.4% from the previous month. That matched economists’ forecast for a 0.4% increase. The reading was 0.

Polymarket Names First CFO in Push to Catch Kalshi, Accelerate Fundraising

Polymarket, the global prediction-market platform, has appointed its first chief financial officer to oversee the company’s finances. Bloomberg reported on September 10 that Polymarket had hired Warren Jenson as its new CFO. He began the role this we

Nasdaq to Invest $100 Million in Kraken Parent Payward at $21 Billion Valuation

Nasdaq plans to invest $100 million in Payward, the parent company of U.S. cryptocurrency exchange Kraken. Bloomberg reported on September 10, citing people familiar with the matter, that Nasdaq's venture investment arm recently decided to make the i

Unicoin Sues Uniswap Labs Over Trademarks, Seeks Cancellation of UNI Registration

Crypto project Unicoin has filed a trademark lawsuit against Uniswap Labs, the developer of decentralized exchange Uniswap. Cointelegraph reported on September 9 that TransparentBusiness, the operator of Unicoin, filed the suit against Uniswap Labs i