Suehyeon Lee

Solana On-Chain Activity Surges as Fee Revenue Jumps 80% in Three Months

On-chain activity on the Solana network has risen sharply, lifting fee revenue and transaction volumes. A governance proposal to slow the pace of new SOL issuance has also been approved. The Block reported on August 31 that Solana’s fee revenue stood

[Today’s Key Economic and Crypto Events] US July Job Openings Report, South Korea Trade Data Due

Today’s key economic events ▶︎ Tuesday, Sept. 1: △ South Korea preliminary August trade balance (9 a.m. Korea time) △ European Union preliminary August consumer price index for August (6 p.m. Korea time) △ US August manufacturing purchasing managers

OpenSea Officially Launches Solana NFT Trading Support Four Years After Initial Debut

Global non-fungible token marketplace OpenSea has begun supporting trading in Solana-based NFTs, expanding further into the multichain market. The Block reported on August 31 that OpenSea has started allowing users to buy, sell and trade NFTs issued

Trump Presses Warsh for Rate Cuts, Says US Borrowing Costs Should Be World’s Lowest

President Donald Trump again pressed Federal Reserve Chair Kevin Warsh to cut US interest rates, saying borrowing costs should be lower than those of any other country even after Warsh left open the possibility of another rate increase. Reuters repor

U.S. Spot XRP ETFs Pull In $1.8 Billion, With Goldman Sachs and Jane Street Among Top Holders

U.S. spot XRP exchange-traded funds have continued to draw steady inflows despite moves in the token’s price, with cumulative net inflows reaching $1.8 billion. Bloomberg ETF analyst James Seyffart said on Sept. 31 that cumulative net inflows into U.

Oil Extends Rally, WTI Tops $86 as U.S.-Iran Clashes Resume

Oil prices extended their gains as renewed military attacks between the U.S. and Iran stoked concern that disruptions to crude shipments through the Strait of Hormuz could last longer. Bloomberg reported on August 31 that West Texas Intermediate trad

Polymarket Seeks $1 Billion in New Funding at $21 Billion Valuation

Polymarket, a blockchain-based prediction market platform, is seeking $1 billion in new funding in a deal that would value the company at $21 billion. Bloomberg reported on August 31 that venture capital firm 1789 Capital is leading the round. The fu

Crypto.com to Launch AI Prediction Market, Add More Than 20 Contracts From September

Crypto.com is launching a new prediction-market product that will let users trade on how artificial intelligence reshapes work, consumer behavior and major industries. AMBCrypto reported on August 31 that Crypto.com has signed a two-year exclusive pa

ICE Partners With tZERO to Build Tokenized Securities Infrastructure, Develop NYSE-Linked Platform

Intercontinental Exchange Inc., the parent of the New York Stock Exchange, is partnering with blockchain financial infrastructure firm tZERO to build trading and settlement infrastructure for tokenized securities. The Block reported on August 31 that

Anthropic’s Mega-IPO Nears, Spurring US Listing Candidates to Rework Timetables

As artificial intelligence company Anthropic prepares one of the largest initial public offerings on record, companies pursuing US stock market listings are adjusting their timetables to get ahead of the scramble for investor attention. Bloomberg rep

Strive Buys 1,800 Bitcoin for $143 Million, Climbs to No. 5 Among Public Companies

Strive, which is pursuing a Bitcoin treasury strategy, has climbed to fifth place among public companies by Bitcoin holdings after another purchase. TD Cowen raised its price target on the stock following the buy. Crypto news outlet The Block reporte

Warsh’s Hawkish Jackson Hole Speech Pushes Odds of September Fed Rate Hike Above 60%

Federal Reserve Chair Kevin Warsh delivered a more hawkish-than-expected message on inflation in his Jackson Hole speech, pushing market-implied odds of a September interest-rate increase above 60%. CME FedWatch showed on Aug. 31 that traders were pr

Russia Legalizes Crypto Trading, Sees First-Year Regulated Volume at $46.4 Billion

Russia will allow cryptocurrency trading within a regulated framework, with first-year volume on the formal market forecast to reach at least 4 trillion rubles, or about $46.4 billion. Bitcoin.com reported on Aug. 31 that Sberbank, Russia’s largest b

Trump Posts Likely AI-Generated Video Claiming Iran’s Kharg Island Is Being Destroyed; No Strike Confirmed

President Donald Trump posted on social media that Kharg Island, Iran’s main oil export hub, was being attacked, but there was no confirmation that any strike had taken place. Reuters reported on August 31 that Trump uploaded a short message saying K

Bitcoin Holds Above $77,000 Despite Middle East Tensions, Beating Gold and Nasdaq in August

Bitcoin held above $77,000 even as renewed military tensions between the U.S. and Iran shook oil prices and global financial markets, showing greater resilience than gold and equities. CoinDesk reported on Aug. 31 that Bitcoin was trading around $77,

Yen Breaks 160 Per Dollar Again as Traders Brace for Fresh Japan Intervention

The yen has weakened past 160 per dollar again, sharpening market focus on whether Japanese authorities will step back into the foreign-exchange market. Bloomberg reported on Aug. 31 that foreign-exchange strategists see 161 per dollar as the first t

Robinhood Chain’s Daily App Revenue Hits $2.66 Million, Overtaking Ethereum and Hyperliquid

Robinhood Chain generated $2.66 million in app revenue over the past 24 hours, surpassing Ethereum and Hyperliquid Layer 1. DeFiLlama data cited by Wu Blockchain on Aug. 31 showed Robinhood Chain recorded $2.66 million in app revenue during the perio

Samsung, SK Hynix Bonuses May Boost South Korea’s 2027 Growth by Up to 0.09 Percentage Point, BOK Says

Bigger performance bonuses at Samsung Electronics Co. and SK Hynix Inc. during the semiconductor boom could flow into household spending and lift South Korea’s economic growth rate next year by as much as 0.09 percentage point, according to a Bank of

U.S. Spot Bitcoin ETFs Draw $924.5 Million in Weekly Inflows as Ether Funds Add $815.7 Million

U.S. spot Bitcoin exchange-traded funds drew more than $900 million of net inflows last week, while spot Ether ETFs attracted a similar amount, pointing to a broad improvement in flows across the crypto ETF market. Trader T data published on Aug. 30

South Korea Weighs New Statutory Crypto Association, Tapping Some DAXA Functions

South Korea’s financial authorities are considering establishing a separate statutory association to handle public self-regulation of the virtual asset market. Newsis reported on Aug. 31 that the authorities are closely reviewing a plan to set up an

BlackRock’s BUIDL Retakes Top Spot Among Tokenized US Treasury Funds With $2.8 Billion Market Cap

BlackRock’s tokenized US Treasury fund BUIDL has retaken the top spot in the market, with a market capitalization of about $2.8 billion, narrowly surpassing Circle’s USYC. Token Terminal data cited by Wu Blockchain on Aug. 30 showed BUIDL, issued by

SK Hynix Weighs Memory Chip Joint Venture Plant in Japan

SK Hynix Inc. is considering building a joint memory chip production facility in Japan to meet rising demand fueled by the spread of artificial intelligence. Bloomberg reported on August 31 that SK Group Chairman Chey Tae-won said at a Korea-Japan Ch

Metaplanet Moves 3,000 Bitcoin to Coinbase Prime, Sparking Sale Speculation

Metaplanet, a Bitcoin mining company, moved Bitcoin worth about $237 million to Coinbase Prime, prompting market speculation over a potential sale. Lookonchain, an on-chain data analytics platform, said on August 30 that Metaplanet deposited a total

Bessent Says Abenomics Is Ending as BOJ September Rate-Hike Odds Hit 88%

US Treasury Secretary Scott Bessent reiterated the need for the Bank of Japan to normalize monetary policy, while renewed yen weakness helped drive market-implied odds of a BOJ rate increase in September to nearly 90%. Bloomberg reported on August 30

Kospi Drops 2.6% on Fed Rate-Hike Fears, Casting Doubt on Return to 7,000

The Kospi fell more than 2% at the open on Aug. 31, moving further away from the 7,000 level as hawkish comments from Federal Reserve Chair Kevin Warsh and rising long-term US Treasury yields weighed on sentiment. According to the Korea Exchange, the

Gold Drops More Than 3% After Warsh Reaffirms Inflation Fight, With September Fed Hike Odds in Focus

Gold steadied around $4,450 an ounce after sliding more than 3% on Kevin Warsh’s renewed commitment to bring inflation back under control. Spot gold traded at $4,450.86 an ounce as of 7:55 a.m. in Singapore on Aug. 30, down 0.1% from the previous ses

Samsung Electronics, SK Hynix Slide More Than 4% on Fed Rate Fears, China Competition

Samsung Electronics and SK Hynix fell more than 4% early on Aug. 31 as semiconductor stocks on Wall Street weakened amid renewed concern over a possible U.S. interest-rate increase. As of 9:09 a.m., Samsung Electronics was trading at 246,500 won, dow

Cronos Halts Network After Tectonic Hack, Losses Estimated at $75 Million

The Cronos blockchain halted its network after a hack hit Tectonic, the chain's largest decentralized-finance lending protocol. An on-chain analyst estimated losses at about $75 million. Cronos said in a post on X on Aug. 30 that it had confirmed an

China August Manufacturing PMI, Germany CPI Preview Head Aug. 31 Calendar

Today's Key Economic Events ▶ Aug. 31 (Mon.): China August manufacturing purchasing managers' index at 10:30 a.m. Korea Standard Time; Germany preliminary August consumer price index at 9 p.m. Korea Standard Time Today's Key Cryptocurrency Events ▶ A

Bitcoin Nears $80,000 as Binance BTC Holdings Hit 2026 High, Signaling Sell-Pressure Risk

Bitcoin is attempting to reclaim $80,000, but a rise in Bitcoin holdings at Binance, the world’s largest cryptocurrency exchange, is flashing a warning on potential selling pressure. In an analysis published Aug. 30, CryptoQuant contributor XWIN Japa