Minseung Kang

CryptoQuant Says Coldcard User Bitcoin Transfers Near FTX Collapse Levels

Transfers by small Bitcoin holders surged after a Coldcard security flaw was disclosed, reaching levels close to those seen during the 2022 collapse of crypto exchange FTX, according to CryptoQuant. The on-chain analytics firm wrote on X on August 4

Hagerty Urges Senate to Swiftly Pass CLARITY Act

Sen. Bill Hagerty called on the US Senate to swiftly pass the CLARITY Act, a market structure bill for digital assets. Odaily reported on August 4 that Hagerty said the US must not fall behind in digital assets and pressed for quick action on the leg

Dinari Opens 724 Tokenized Stocks to US Investors, Allowing S&P 500 Trading in USDC

Dinari, a tokenized stock platform, has officially launched a blockchain-based US equities service for investors in the US. CoinDesk reported on Aug. 4 that Dinari opened 724 tokenized stocks to eligible US investors, including all S&P 500 constituen

Rubio Says Progress Made in Talks to Reopen Strait of Hormuz, Expects Deal Soon

U.S. Secretary of State Marco Rubio said progress has been made in negotiations with Iran to reopen the Strait of Hormuz, while stressing that no final agreement has been reached. Walter Bloomberg, an overseas economic news account, reported on X on

US June Job Openings at 7.359 Million, Below Forecast

US job openings fell short of market expectations in June. The Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS, released Aug. 4 that job openings totaled 7.359 million in June. That was below the market forecas

Saudi Broadcaster Says Strait of Hormuz Reopening Plan Could Be Announced Within Hours

A detailed plan to fully reopen the Strait of Hormuz could be announced within hours, according to a media report. Crypto media outlet BlockBeats reported on Aug. 4 that Saudi broadcaster Al Arabiya said measures related to the full reopening of the

Citibank Buys 238,538 More Strategy Shares, Lifting Stake to $90.5 Million

Citibank bought an additional 238,538 shares of Strategy (MSTR), the Bitcoin treasury company, crypto media outlet Odaily reported on August 4. The newly acquired shares were worth $22.4 million. The purchase increased Citibank’s total holdings in St

Tether Gold Reserves Rise 9.5% in Q2 Despite Bullion’s Worst Quarter Since 2013

Tether Gold’s physical gold reserves rose in the second quarter even as spot bullion logged its worst quarterly performance in 13 years. Cointelegraph reported on August 4 that the physical gold backing Tether Gold, or XAUt, increased 9.5% in the sec

BNY Partners With Galaxy to Add Staking to Custody Platform

BNY, the largest custodian bank in the US, is partnering with crypto financial services firm Galaxy to offer digital-asset staking to institutional clients. CoinDesk reported on August 4 that BNY and Galaxy announced a partnership to add staking to B

OKX Says Crypto Inflows to Centralized Exchanges Hit Record After Coldcard Exploit

Inflows of digital assets into centralized exchanges have surged since the exploitation of a vulnerability in the Coldcard Bitcoin hardware wallet, according to an analysis. The Block reported on August 4 that Jonathan Brockmeier, OKX's chief complia

DCG Unit Fortitude Acquires 12.5-MW Nebraska Mining Facility to Expand Zcash Capacity

Digital Currency Group's Zcash mining subsidiary, Fortitude Mining Holdings, is expanding its operations with another mining facility in Nebraska. Fortitude has completed the acquisition of a 12.5-megawatt mining facility in Prosser, Nebraska, The Bl

Philadelphia Fed’s Paulson Says Fed May Need to Act if Inflation Progress Stalls

Anna Paulson, president of the Federal Reserve Bank of Philadelphia, said the Federal Reserve may need to take additional action if progress on slowing inflation stalls. Paulson told CNBC on August 4 that this is a complicated period for setting mone

Western Union Launches USDPT Stablecard in 37 Markets

Western Union has launched a Stablecard that lets customers receive remittances in its USDPT dollar stablecoin and spend the funds at Visa merchants worldwide. Stablecoin payments infrastructure provider Rain said on its website on August 4 that West

Polymarket Seeks $1 Billion Fundraise at Valuation Above $20 Billion

Polymarket, the decentralized prediction-market platform, is seeking to raise about $1 billion at a valuation of more than $20 billion. Bloomberg reported on August 4 that the company is in early talks with potential investors, though terms have yet

US Senate Must Start Clarity Act Process Aug. 4 to Hold Aug. 6 Vote on Opening Debate

The U.S. Senate must begin procedural steps on August 4 if it is to hold an August 6 floor vote on whether to open debate on the Clarity Act, a crypto market-structure bill, before the chamber breaks for its August recess, according to a report. Whet

Bitcoin Near Past Bottom Levels, in Deep Undervaluation Zone: CryptoQuant

Bitcoin has entered a historically undervalued zone as market participants' interest has sharply faded, according to an analysis cited by CryptoQuant. The on-chain analytics platform said further confirmation is needed to determine whether the curren

Coinbase CEO Says US Needs Clarity Act to Strengthen Economic Security

Coinbase Chief Executive Officer Brian Armstrong said the US needs a clearer regulatory framework for digital assets to strengthen the country’s economic security. In a post on X on August 4, Armstrong wrote that “economic security is national securi

Wells Fargo to Launch Blockchain-Based Deposit Service for Companies This Fall

Wells Fargo plans to launch a service this fall that will convert corporate clients’ bank deposits into blockchain-based tokens, allowing funds to be transferred and settled 24 hours a day. The Wall Street Journal reported on Aug. 4 that the bank is

Bessent Says US Underlying Price Pressures Are Tame, Core Inflation Is Slowing

Treasury Secretary Scott Bessent said underlying price pressures in the US remain very subdued and core inflation is slowing. BlockBeats, a crypto media outlet, reported on Aug. 4 that Bessent said the Federal Reserve needs to look ahead to economic

WTI Crude Futures Drop 3% Intraday to $77.65 a Barrel

WTI crude futures fell 3% during intraday trading. BlockBeats reported on Aug. 4 that WTI crude futures fell 3.00% to $77.65 a barrel during the session, based on Bitget pricing. Earlier in the day, US Treasury Secretary Scott Bessent said the US and

Bessent Says US-Iran Deal to Reopen Strait of Hormuz Could Come as Early as Wednesday

US Treasury Secretary Scott Bessent said a deal with Iran to reopen the Strait of Hormuz could be reached as early as Wednesday. BlockBeats, a US media outlet focused on digital assets, reported on Aug. 4 that Bessent told CNBC an agreement with Iran

Bessent Backs Japan’s Yen-Stabilization Efforts, Says Further Slide Could Weigh on Other Currencies

US Treasury Secretary Scott Bessent said he supports the Japanese government’s efforts to stabilize the yen, warning that further weakness in the currency could spill over into other countries’ currencies. Walter Bloomberg reported on Aug. 4 that Bes

Analysis: Crypto Selling Pressure Near Exhaustion, but Strong Rebound Calls Are Premature

Selling pressure in the cryptocurrency market is approaching exhaustion, according to Wintermute. Even so, it is too early to expect a strong rebound, and traders need to watch whether last week’s lows give way on heavier volume. Wintermute, a crypto

Seoul Homebuyers’ Use of Stock, Bond and Crypto Sales for Purchases Surges 2.6-Fold in Four Years

The share of Seoul homebuyers funding property purchases by selling stocks, bonds and cryptocurrencies has more than doubled over the past four years. Maeil Business Newspaper reported on Aug. 4 that an analysis of housing purchase financing plans su

Qatar Says Draft US-Iran Proposal Is Being Shared, Short-Term Efforts Continue

Qatar said a draft proposal aimed at easing tensions between the US and Iran is being shared among the parties. Walter Bloomberg, a channel that carries breaking international economic news, reported on Aug. 4 that Qatari officials said efforts to re

Coldcard Users Hit by Another Hack, With 1,816 Bitcoin Stolen

Another theft targeting users of Coldcard hardware wallets has emerged. Data posted by on-chain analysis account Onchain Lens on X on August 4 showed about 1,816 BTC was stolen from more than 5,200 addresses. At current prices, the losses amount to a

Iran President Says He Won’t Resign, Is Fully Aligned With Military

Iran's president rejected speculation that he may resign and emphasized solidarity with the military. Walter Bloomberg, an overseas financial breaking-news channel, reported on August 4 that Iranian President Masoud Pezeshkian said he has "no intenti

Iran Proposes Temporary Strait of Hormuz Shipping Plan, Seeking Control of Incoming Vessels

Iran and Oman are discussing a temporary operating plan for the Strait of Hormuz, Reuters reported. Walter Bloomberg, citing Reuters, reported on Aug. 4 that the two countries are in talks over an interim arrangement to reopen the strait. Under the p

Binance to Delist Four Spot Trading Pairs, Including QNT/BTC

Binance will delist four spot trading pairs. In a notice published Aug. 4, the global cryptocurrency exchange said it will halt trading in QNT/BTC, RPL/USDC, SIGN/BNB and SKL/USDC at noon on Aug. 7, Korea Standard Time. Binance said it decided to rem

Bitcoin Coinbase Premium Stays Negative for 78 Straight Days, Longest on Record

US investor demand for Bitcoin has remained weaker than in the broader global market for an extended period, crypto media outlet Odaily reported on Aug. 4. The Coinbase Bitcoin Premium Index has stayed below zero for 78 consecutive days since May 19.