Suehyeon Lee

Bloomberg: Korea’s Kospi Rout Puts Lee Government on Alert as Leveraged ETF Policy Backfires

A leveraged exchange-traded fund policy introduced by President Lee Jae-myung’s government to energize the stock market is now being blamed for the recent Kospi selloff, Bloomberg reported, adding to the administration’s political burden. On Aug. 3,

US Spot Bitcoin ETFs See $61.53 Million Outflow, Ending Three-Week Inflow Streak

US spot Bitcoin exchange-traded funds posted net outflows last week, ending a three-week run of inflows. Wu Blockchain said on August 3 that US spot Bitcoin ETFs logged total net outflows of $61.53 million during the July 27-31 period. The shift ende

BitGo CEO Challenges Anthropic’s Claude to Move 100 BTC and Keep It

BitGo Chief Executive Officer Mike Belshe has launched a public experiment challenging Anthropic’s artificial intelligence model Claude with 100 BTC. WuBlockchain reported on August 3 that Belshe deposited 100 BTC into a public Bitcoin address and in

Kalshi, Polymarket July Volume Hits Record $50.59 Billion on World Cup Boost

Monthly trading volume on prediction-market platforms Kalshi and Polymarket reached a record in July, lifted by strong interest during the FIFA World Cup. The Block reported on August 3 that combined July trading volume for Kalshi, Polymarket and Pol

US May Have Bought Yen With Euros, Not Dollars, to Preserve Strong-Dollar Policy

The U.S. Treasury may have used euros rather than dollars in coordinated foreign-exchange intervention to support the yen. Bloomberg reported on August 3 that the Federal Reserve Bank of New York asked major banks for euro-yen quotes on August 1. The

Net Stablecoin Outflows From Korean Exchanges Reach $367 Million in June as Offshore Derivatives Trading Expands

Net stablecoin outflows from South Korean cryptocurrency exchanges to overseas platforms reached several hundred billion won a month, Yonhap News reported on August 3. Data submitted by the Financial Supervisory Service to lawmaker Lee Jong-wook of t

Hong Kong Woman in Her 50s Loses $3.3 Million in Romance Scam Linked to Fake Crypto Investment

A Hong Kong insurance agent in her 50s lost $3.3 million in a cryptocurrency investment scam after falling victim to an online romance scheme. The Block reported on August 3 that Hong Kong police said the woman was introduced last year to a man throu

Fourth Coldcard Attack Wave Detected, 389 More Bitcoin Stolen

A string of hacking attacks targeting the Coldcard Bitcoin hardware wallet has entered a fourth wave, expanding the losses. Cointelegraph reported on August 2 that Alex Thorn, head of research at Galaxy, wrote on X that 218 transactions from 462 addr

JPMorgan Says US Scope for Joint Yen Intervention Is Limited, but Could Reach $187 Billion

The US has limited room to continue joint foreign-exchange intervention with Japan, though it could expand its available firepower to as much as $187 billion if needed. Bloomberg reported on August 2 that JPMorgan, in a report, said the US Treasury’s

Coinone Launches Voucher Service Bundling Fee Discounts, Point Paybacks

Coinone said on August 3 that it launched a "Voucher" service combining trading-fee discounts and point paybacks. The service is available to all Coinone members. Users can issue and register a voucher through the new "Voucher" tab on the exchange's

KODA Doubles Digital-Asset Custody Insurance Coverage to $40 Million

KODA, the digital-asset custody company also known as Korea Digital Asset, said on August 3 that it signed a digital-asset insurance contract with KB Insurance covering up to $40 million. The agreement doubles KODA’s insurance coverage limit from $20

US Senate Leaves CLARITY Act Off Weekly Floor Schedule, Casting Doubt on Pre-Recess Passage

The U.S. Senate left the CLARITY Act, a cryptocurrency market structure bill, off this week’s floor voting schedule, casting doubt on whether it can clear the chamber before recess. CryptoSlate reported on Aug. 2 that the Senate’s floor schedule rele

Kosdaq Buy Sidecar Triggered

A buy sidecar was triggered on the Kosdaq.

Arthur Hayes Buys Another $2.5 Million of Ether, With Another $2.5 Million Purchase Pending

BitMEX co-founder Arthur Hayes has made another Ether purchase worth about $2.5 million. On-chain analytics platform Onchain Lens said on Aug. 2 that Hayes transferred 2.5 million USDC each to Galaxy Digital and FalconX. Through Galaxy Digital, he co

Strategy Transfers 300 BTC, Fueling Prospect of Another Bitcoin Sale

Strategy may be preparing to sell additional Bitcoin. Onchain Lens, an on-chain analytics platform, said on August 2 that a wallet linked to Strategy transferred 299.843 BTC to a new address. At current prices, the transfer was worth about $18.91 mil

Morgan Stanley Upgrades South Korea Stocks to Overweight, Citing AI Re-Entry Opportunity

Morgan Stanley upgraded South Korean equities to overweight after the market's recent plunge, saying the selloff offers a chance to re-enter the artificial intelligence investment cycle. Bloomberg reported on August 2 that Morgan Stanley raised its v

Aug. 3 Watch: Final US July Manufacturing PMI, ISM Factory Index, Sui Token Unlock

Today's Main Economic Events ▶ Monday, Aug. 3: Final US July Manufacturing PMI (10:45 p.m. Korea Standard Time); US July ISM Manufacturing PMI (11 p.m. Korea Standard Time); US June construction spending (11 p.m. Korea Standard Time) Today's Main Cry

Oil Drops More Than 7% as Trump Says Iran Talks to Resume

Oil prices fell more than 7% on hopes the US and Iran will resume negotiations. Bloomberg reported on August 2 that crude slumped after President Donald Trump said new talks with Iran were set to begin later that day. Brent crude for October delivery

Bessent Says US, Japan Could Conduct More Joint Yen Intervention if Needed

US Treasury Secretary Scott Bessent said the US and Japan could again jointly intervene in foreign-exchange markets to support the yen if needed. Watcher.Guru reported on August 2 that the US would not hesitate to carry out additional joint intervent

Fed Weighs Cutting Regular FOMC Meetings to Six From Eight a Year

The Federal Reserve is considering reducing the number of regular Federal Open Market Committee meetings to six a year from eight, Bloomberg reported. Bloomberg reported on August 2 that Fed Chair Kevin Warsh proposed at last week's FOMC meeting a re

Trump Says Iran Talks to Resume as US Pursues Hormuz Reopening, Nuclear Negotiations

President Donald Trump said the US will resume negotiations with Iran while pursuing parallel talks on restoring normal passage through the Strait of Hormuz and ending Tehran's nuclear program. Bloomberg reported on August 2 that Trump told reporters

Trump Says US-Japan Yen Intervention Was a Gesture of Friendship

President Donald Trump said a joint US-Japan currency intervention last week to support the yen was intended as a gesture of friendship toward Japan. Trump told reporters aboard Air Force One on August 3 that Japan had asked for some help and the US

CME Says Bitcoin Index Options Fall Under CFTC, Challenges SEC Approval

CME Group has challenged the U.S. Securities and Exchange Commission's approval of Nasdaq's cash-settled Bitcoin index options product. The Block reported on Aug. 2 that CME had asked the SEC to review its decision to conditionally approve the listin

Trump Media Transfers $165 Million of Bitcoin to Crypto.com, Says It Wasn’t Sold

Trump Media & Technology Group, in which US President Donald Trump is the largest shareholder, transferred about $165 million of Bitcoin to Crypto.com. The Block reported on August 2 that a wallet believed to be linked to Trump Media moved a total of

Strategy Hints at Another Bitcoin Purchase as Saylor Says ‘Bitcoin Drive Engaged’

Michael Saylor, Strategy’s co-founder and chairman, posted a message that appeared to hint at another Bitcoin purchase, drawing attention from the market. The Block reported on Aug. 2 that Saylor posted a chart of the company’s Bitcoin holdings on X

Bitcoin Holds Above $64,000 as Chip-Stock Volatility Eases; Altcoins Steady

Bitcoin held steady above $64,000 as volatility in global semiconductor stocks eased. CoinDesk reported on July 30 that Bitcoin traded near $64,100, little changed from a day earlier. Ether was also steady at about $1,905. Major altcoins showed littl

Anthropic AI Finds Flaw in Quantum-Resistant Signature Algorithm in 60 Hours

Anthropic’s AI model found a key vulnerability in a next-generation digital signature algorithm in 60 hours, adding a new factor to the cryptocurrency industry’s preparations for quantum computing. CoinDesk reported on July 30 that Anthropic said its

Luno Cuts 20% of Staff as Crypto Layoffs Spread to 12 Firms in July

Luno, the cryptocurrency exchange owned by Digital Currency Group, has cut 20% of its workforce, as layoffs and restructurings across the crypto industry spread to 12 companies in July. Cointelegraph reported on July 30 that Luno Chief Executive Offi

Japan's Gumi, SBI Launch $18.3 Million Crypto Fund for Bitcoin, Altcoins

Gumi, a Japanese game developer, has launched a cryptocurrency investment fund with SBI Financial Services. Cointelegraph reported on July 30 that the two companies began operating a 3 billion yen ($18.3 million) crypto fund that day. Daiwa Securitie

Ethereum Foundation Adds Security Researcher Pascal Caversaccio to Board in Privacy Push

The Ethereum Foundation has appointed Pascal Caversaccio, co-founder of crypto security response group SEAL 911, to its board as it deepens its focus on privacy and security. Cointelegraph reported on July 30 that Caversaccio will serve an initial on