Suehyeon Lee

Strategy CEO Says Crypto Market Momentum to Build in Fall

Phong Le, chief executive officer of Strategy, said policy and industry momentum in the cryptocurrency market will build starting this fall. In a post on X on Aug. 16, Le wrote that markets are quiet in late summer, but more movement will emerge in t

Novig Sues Wisconsin Attorney General Over Legality of Sports Event Contracts

Novig, a sports-focused prediction market platform, sued Wisconsin officials before the state could bring its own case. Crypto news outlet The Block reported on Aug. 16 that Ludlow Exchange LLC, Novig’s operating subsidiary, filed a 45-page complaint

[Analysis] Bitcoin Selling Pressure Eases, But Bullish Turn Still Unconfirmed

Bitcoin's on-chain selling pressure and overheated leverage are easing, but it is still too soon to confirm a full bullish turn, according to a CryptoQuant analysis. CryptoQuant contributor CoinNiel wrote on August 16 that Bitcoin exchange netflows p

Whale Wallet Withdraws Nearly $10 Million of Ether From Kraken, Fueling Staking Bets

A whale wallet has withdrawn nearly $10 million worth of Ether from cryptocurrency exchange Kraken, prompting speculation that the tokens could be staked. Onchain Lens said on Aug. 16 that the wallet withdrew 5,300 ETH from Kraken, worth about $9.98

Gold Steady Near $4,376 as US Slowdown Signals Counter Mideast Inflation Fears

Gold was little changed as signs of a slowing US economy eased concerns over higher interest rates, while Middle East tensions kept energy-driven inflation worries in focus. Spot gold traded at $4,376 an ounce as of 7:24 a.m. in Singapore on Aug. 16,

Hackers Exploit Apple Screen-Sharing Flaw to Install Monero Miner on Macs

Hackers have exploited a vulnerability in Apple’s Mac screen-sharing feature to covertly install Monero mining software. The Block reported on August 16 that the Netherlands’ National Cyber Security Centre said in a recent advisory that multiple inte

Aug. 17 Economic, Crypto Calendar: Empire State Manufacturing Index on Tap

Today's Key Economic Events ▶ Aug. 17 (Mon.): South Korean markets closed for the substitute holiday for Liberation Day; August New York Empire State Manufacturing Index at 9:30 p.m. Korea time; August NAHB Housing Market Index at 11 p.m. Korea time

SanDisk Stock Perpetual Futures Open Interest Reaches $1.73 Billion, Largest in Crypto Market

Open interest in stock perpetual futures tied to SanDisk (SNDK) has surpassed $1.7 billion, the largest among equity-linked perpetual futures traded in the cryptocurrency market. Wu Blockchain reported on Aug. 16 that open interest in SanDisk stock p

Brent Crude Rises 0.5% as Israel-Hezbollah Clashes Escalate

Oil prices rose as clashes between Israel and Hezbollah intensified and the prospect of additional US sanctions on Iran added to market tension. Brent, the global crude benchmark, gained 0.5% in early Asian trading on August 16, Bloomberg reported. T

Ethereum Reviews 66 Proposals for Next Hegotá Upgrade, With Privacy Features in Focus

Ethereum developers are reviewing 66 proposals for the network’s next major upgrade, Hegotá, with native privacy features emerging as a key area of focus. Cointelegraph reported on August 16 that developers are assessing 66 Ethereum Improvement Propo

SafePal Says Personal Data of 39,798 Customers Was Exposed, Warns of Phishing

SafePal, a maker of cryptocurrency hardware wallets, said a security flaw in its order-tracking system exposed the personal information of nearly 40,000 customers. The Block reported on August 16 that SafePal disclosed in a post on X that unauthorize

Crypto Scams Surge After EU’s MiCA Takes Effect as Fraudsters Impersonate Regulators

Fraud linked to the European Union’s Markets in Crypto-Assets, or MiCA, framework has surged since the rules took full effect, as scammers exploit confusion during the shift away from unlicensed crypto platforms. CoinDesk reported on August 16 that m

SEC Abruptly Cancels Public Crypto Rulemaking Meeting Amid Clarity Act Talks

The U.S. Securities and Exchange Commission has abruptly canceled a public meeting it had planned to discuss digital-asset rulemaking. CoinDesk reported on Aug. 16 that the SEC scrapped the public meeting that had been scheduled for last Thursday and

Israel-Hezbollah Fighting Intensifies as US Prepares More Economic Sanctions on Iran

Tensions in the Middle East are rising again after the deadliest fighting in months between Israel and Hezbollah, as the US prepares additional economic sanctions on Iran. Bloomberg reported on Aug. 16 that the Israel Defense Forces said it killed se

This Week’s Key Events: Fed’s July FOMC Minutes, China Loan Prime Rates

Key economic events this week ▶︎Monday, Aug. 17: △South Korean markets closed for the substitute holiday marking Liberation Day △August New York Empire State Manufacturing Index (9:30 p.m. Korea Standard Time) △August NAHB Housing Market Index (11 p.

Ethereum New Addresses Jump 75% in Eight Days, Signaling Potential Price Gains

A rapid increase in new addresses on the Ethereum network may signal further price gains ahead, according to crypto analyst Ali Martinez. On August 16, Martinez said Ethereum’s daily new addresses surged to 212,560 from 121,210 on August 8. That repr

UBS Boosts BlackRock Bitcoin ETF Call Options 24-Fold, Expands IBIT Exposure

UBS Group AG increased its call-option position tied to BlackRock Inc.'s spot Bitcoin exchange-traded fund by more than 24-fold from the previous quarter. CoinDesk reported on August 15 that UBS disclosed to regulators a call-option position linked t

Harvard Halts Bitcoin ETF Selling, Keeps $101.4 Million IBIT Stake in Second Quarter

Harvard University's endowment halted two straight quarters of selling in spot-Bitcoin exchange-traded funds, keeping its holdings unchanged in the second quarter. A recent Form 13F filing with the US Securities and Exchange Commission showed Harvard

Coinbase Bitcoin Premium Stays Negative for 90 Straight Days, Longest Stretch on Record

The Coinbase Bitcoin Premium Index, a gauge of US investors’ appetite for Bitcoin, has remained below zero for its longest stretch on record. Wu Blockchain, citing CoinGlass data on Aug. 16, reported that the index stayed negative for 90 consecutive

Trump to Meet Crypto, Prediction Market Executives Near White House

President Donald Trump is scheduled to meet with senior executives from the cryptocurrency and prediction-market industries in Washington on Aug. 19. The Block reported on Aug. 16 that the meeting is set for 2:30 p.m. Eastern time at the Eisenhower E

JPMorgan Ends Polymarket Bank Account Services, Keeps Eye on Future IPO Role

JPMorgan Chase & Co. ended bank account services for prediction-market platform Polymarket, but has continued courting the company as it competes for a role on any future initial public offering, The Block reported. The bank told Polymarket in Octobe

S&P 500 Second-Quarter Profit Jumps 31%, Fueling Earnings Surprise

Stronger-than-expected second-quarter earnings from U.S. companies are giving fresh support to New York stocks, which are hovering near record highs. Bloomberg reported on Aug. 15 that net income for S&P 500 companies rose 31% from a year earlier. Ex

Bybit Launches Pre-IPO Perpetual Futures Linked to Unitree, Moonshot AI

Global cryptocurrency exchange Bybit has launched pre-IPO perpetual futures linked to Chinese robotics company Unitree and artificial intelligence startup Moonshot AI. Cointelegraph reported on August 15 that the products are USDT-settled perpetual f

Tokenized Stock Holders Double in a Month as Transfer Volume Surges 180%

The market for real-world assets is growing rapidly, and the number of investors holding tokenized stocks has more than doubled in the past month. Data from RWA.xyz cited by Cointelegraph on Aug. 15 showed tokenized stock holders climbed to 1.31 mill

South Korean Lawmakers Revive Crypto Tax Delay Bills as Government Prepares for January Rollout

South Korean lawmakers have revived bills to delay taxation of virtual assets ahead of the planned January start date, but the government is pressing ahead with preparations for implementation on schedule. According to industry officials on Aug. 13,

Japan Backs BOJ Rate Hike in September or October to Defend Yen

Japan’s government supports an early interest-rate increase by the Bank of Japan, according to people familiar with the matter. Bloomberg reported on Aug. 13 that Prime Minister Sanae Takaichi’s government is receptive to an earlier BOJ rate hike, wi

Bank of Korea Resumes Gold Investment After 13 Years With $250 Million ETF Purchase

The Bank of Korea has bought gold-linked assets for the first time in 13 years. Bloomberg reported on Aug. 13 that the BOK held 679,765 shares of SPDR Gold Shares, the world’s largest physically backed gold exchange-traded fund, at the end of the sec

Bitwise CIO Says Token Buybacks and Burns Could More Than Double Crypto Valuations

Crypto valuations could more than double from current levels as more protocols use revenue to buy back and burn tokens, according to Bitwise Chief Investment Officer Matt Hougan. Hougan told Cointelegraph in an Aug. 13 report that the crypto market o

102 Solana Validators Briefly Disrupted by Infrastructure Outage; Network Remains Operational

Some Solana validators were briefly disrupted by an infrastructure outage, but the network continued to operate normally. Wu Blockchain reported on Aug. 13 that Jacob Creech, a technology executive at the Solana Foundation, said an overnight outage s

Metaplanet CEO Denies Selling Bitcoin After 5,014 BTC Transfer

Metaplanet, a Japanese Bitcoin treasury company, denied market speculation that it had sold Bitcoin after a recent large transfer. Chief Executive Officer Simon Gerovich told Cointelegraph on Aug. 13 that the movement was part of routine custody-rela