Suehyeon Lee

UK FCA Finalizes Crypto Authorization Criteria, to Start Applications on Sept. 30

The U.K. Financial Conduct Authority has published final guidance setting out authorization criteria for crypto-asset firms ahead of the rollout of a new regulatory regime. Cointelegraph reported on Sept. 17 that the FCA issued guidance detailing whe

Goldman Sachs Turns to Forecast of October Fed Rate Hike; Bitcoin Holds Near $76,000

Goldman Sachs has reversed its earlier forecast that the Federal Reserve would pause after a September rate increase and now expects another hike in October. CoinDesk reported on September 17 that Goldman Sachs projects the Fed will raise its benchma

Bitcoin Holds Above $76,000 After Fed’s First Rate Increase in Three Years as Spot Buying Provides Support

Bitcoin held above $76,000 after the Federal Reserve raised its benchmark interest rate for the first time in three years, showing a relatively muted reaction to the decision. Cointelegraph reported on Sept. 17 that Bitcoin was trading at $76,663 at

Ethereum Whales Accumulate, Withdraw 5,195 ETH From Exchanges

Ethereum whales withdrew a combined 5,195 ETH from major cryptocurrency exchanges, in a move suggesting accumulation. On-chain analytics platform Lookonchain said on Sept. 17 that a newly created wallet, "0xC2f1," withdrew 2,695 ETH from Gemini about

Police Book 26 South Korean Polymarket Users as Cumulative Bets Reach $12.7 Million

Police have booked 26 South Korean users of overseas crypto-based prediction market platform Polymarket, with their cumulative wagers totaling about $12.7 million. According to a Sept. 17 report by Asia Economy, an analysis of data the Korean Nationa

US Spot Ether ETFs Post $224.1 Million in Outflows for Second Straight Trading Day

US spot Ether exchange-traded funds recorded net outflows for a second straight trading day, with more than $200 million leaving the products in a single session. Farside Investors data released on Sept. 17 showed US spot Ether ETFs posted total dail

US Spot Bitcoin ETFs Extend Outflows to Second Day With $295.9 Million Exit

More than $200 million flowed out of US spot Bitcoin exchange-traded funds, extending a stretch of net redemptions. Farside Investors data released on Sept. 17 showed US spot Bitcoin ETFs recorded total daily net outflows of $295.9 million the previo

OpenAI Introduces Framework to Track, Disclose AI Misalignment Failures

OpenAI has introduced a new framework to systematically track and disclose cases of artificial intelligence misalignment, or instances in which AI behaves in ways that diverge from human intent. Bloomberg reported on September 16 that OpenAI had form

South Korea Needs Incentives for Domestic Crypto Exchanges Ahead of January Tax Rollout, Report Says

South Korea should create policy incentives to encourage investors to use domestic exchanges ahead of the introduction of taxes on virtual-asset income in January, while also building an automated tax calculation and filing system linked to those pla

Trump Orders Canadian Goods Excluded From U.S. Government Procurement, Escalating Trade Tensions

Trade tensions between the U.S. and Canada are flaring again after President Donald Trump directed federal agencies to exclude Canadian-made products from government procurement. Bloomberg reported on September 16 that Trump signed a presidential mem

Gold Extends Weakness Near $4,270 as Fed Signals More Rate Hikes

Gold remained under pressure after the Federal Reserve raised interest rates for the first time in three years and signaled it may lift them again later this year. According to Bloomberg, spot gold rose 0.2% to $4,273.82 an ounce as of 7:52 a.m. in S

Yen Resumes Decline After Hawkish Fed Hike; Dollar Could Hit 160 if BOJ Disappoints

The yen resumed its slide after a hawkish interest-rate increase by the Federal Reserve, turning market attention to the Bank of Japan's policy decision on September 18 and any signal on further tightening. Bloomberg reported on September 16 that the

Seven Democratic Senators Signal Willingness to Resume Bipartisan Talks on CLARITY Act

After an initial effort to advance the CLARITY Act in the U.S. Senate fell short, seven Democratic senators said they are willing to resume bipartisan negotiations aimed at passing the bill. Eleanor Terrett, host of Crypto in America, reported on Sep

Kyobo Life, Japan’s SBI Verify Stablecoin-Based Korea-Japan Institutional Fund Transfer Pilot

Kyobo Life said on Sept. 17 that it had become the first insurer in South Korea to verify a structure for institutional fund transfers between South Korea and Japan using stablecoins with Japan’s SBI Group. Kyobo Life and SBI Group recently completed

Bitcoin Bullish Momentum Cools as US Spot Demand Weakens, Macro Uncertainty Weighs

Bitcoin is still holding its broader uptrend, but weakening price momentum and softer demand from U.S. investors suggest the market has entered a "bullish cooling" phase, CryptoQuant said. In its weekly digital-asset report published on September 16,

Tim Cook, Altman to Attend Trump-Xi State Dinner; Jensen Huang Also Joining

Apple Chairman Tim Cook and OpenAI Chief Executive Officer Sam Altman will attend a state dinner next week between US President Donald Trump and Chinese President Xi Jinping. Bloomberg reported on Sept. 16 that Trump plans to host a state dinner for

[Today’s Key Economic and Crypto Events] US Jobless Claims, Philly Fed Index Due; DigiByte Timelock Day Set

<Today’s Key Economic Events> ▶ Sept. 17 (Thursday): △US weekly initial jobless claims (9:30 p.m. Korea Standard Time) △US Philadelphia Fed manufacturing index for September (9:30 p.m. Korea Standard Time) △US housing starts for August (9:30 p.m. Kor

Oil Falls for Second Day on Saudi Pipeline Repair Hopes; WTI Near $102

International oil prices fell for a second straight day as concerns over Middle East supply disruptions eased on expectations that Saudi Arabia’s key pipeline will be restored and as crude shipments through the Strait of Hormuz increased. Bloomberg r

Trump Says Inflation Still Too High, Reaffirms Trust in Fed Chair Warsh

President Donald Trump said U.S. inflation remains too high and reaffirmed his trust in Federal Reserve Chair Kevin Warsh even after the central bank raised interest rates. The Kobeissi Letter reported on September 16 that Trump said inflation was "t

US House Financial Services Committee Approves Strategic Bitcoin Reserve Bill Mandating 20-Year Minimum Holding Period

A bill requiring the U.S. government to hold its Bitcoin holdings as a strategic reserve asset for at least 20 years has passed the House Financial Services Committee. Cointelegraph reported on September 16 that the committee approved the American Re

Fed Chair Warsh Skips Dot Plot Rate Forecasts for Second Straight Meeting, Weighs Overhaul

Federal Reserve Chair Kevin Warsh again declined to submit his own interest-rate projections to the Fed's dot plot, which shows policymakers' views on the path of the benchmark rate. Bloomberg reported on September 16 that the dot plot released that

JPMorgan Says CLARITY Act Isn’t Dead, but Odds of Passage This Year Are Slim

The CLARITY Act, which failed to clear a procedural vote in the U.S. Senate, could still return for another vote. Even so, the window to pass the bill this year is rapidly closing. The Block reported on September 16 that JPMorgan analysts led by Kenn

Bitcoin Swings Between $75,000 and $76,500 After Fed’s First Rate Increase Since 2023

Bitcoin swung between $75,000 and $76,500 immediately after the Federal Reserve raised its benchmark interest rate for the first time in more than three years. The Block reported on September 16 that Bitcoin traded near $75,600 after moving within a

People Power Party's Song Eon-seok Calls for Ending Crypto Income Tax, Citing Stock Tax Fairness and Capital Flight Risk

Rep. Song Eon-seok of the People Power Party said crypto income tax should be abolished, citing tax parity with stocks and the risk of capital outflows overseas. In a Facebook post on September 16, Song wrote that crypto income tax should also be scr

Analysis: Solana’s $95 Support in Focus After CLARITY Act Setback as ETF Demand, Lower Exchange Supply Offer Support

Solana tumbled after the U.S. Senate failed to move forward with the CLARITY Act, but the correction may be short-lived given continued inflows into spot exchange-traded funds and declining token balances on exchanges, an analysis showed. According t

Bae Says South Korea Can’t Afford to Slow AI Development, Will Move Faster and More Safely

Bae Kyung-hoon, South Korea’s deputy prime minister and science minister, pushed back against growing calls in the global artificial intelligence industry to slow development, saying the country must keep accelerating AI research, development and ado

Rates Matter More Than Regulation for Crypto Market Despite CLARITY Act Setback, Analysts Say

The cryptocurrency market tumbled after the CLARITY Act failed to advance in the U.S. Senate, but analysts say the market’s medium- to long-term direction will be shaped more by interest rates than by regulation. The Block reported on September 16 th

DAXA Says It Is Reviewing Support Measures for Digital Asset Basic Act, but No Task Force Has Been Decided

The Digital Asset eXchange Alliance, or DAXA, said it is continuing to review measures needed to support legislation of South Korea’s Digital Asset Basic Act, but has not decided to create a separate task force. In an explanatory statement released o

XRP Plunges 10% After Senate Blocks CLARITY Act, Biggest Drop Among Major Cryptocurrencies

XRP fell nearly 10%, the steepest drop among major cryptocurrencies, after the U.S. Senate failed to advance the CLARITY Act. CoinDesk reported that XRP traded at about $1.30 during Asian morning hours on September 16, down roughly 10%. Risk aversion

U.S. Spot Ether ETFs See Biggest Net Outflow in Eight Months at $142.3 Million

U.S. spot Ether exchange-traded funds posted their largest net outflow in eight months. Trader T said on September 16 that U.S. spot Ether ETFs recorded combined net outflows of $142.3 million the previous day. That marked the biggest daily net withd