Suehyeon Lee

Gold Holds Steady Ahead of Fed Minutes as Rate-Hike Fears Ease

International gold prices were little changed ahead of the release of minutes from the Federal Reserve's last meeting. According to Bloomberg, spot gold traded near $4,165 an ounce in early Asian trading on July 6. It fell 0.3% in the previous sessio

BonkDAO Governance Attack Drains $20 Million Treasury With $4 Million Vote

BonkDAO, the governance organization behind Bonk, a leading Solana-based meme-coin ecosystem, said roughly $20 million worth of Bonk tokens was drained from its treasury in a malicious governance attack. Wu Blockchain reported on July 6 that the loss

Grayscale Says Strategy’s Bitcoin Sale May Restore Confidence in Finances

Grayscale said Strategy’s recent Bitcoin sale could help restore market confidence in its financial position and support a firmer floor for Bitcoin prices. The Block reported on July 6 that Zach Pandl, Grayscale’s head of research, wrote in a note th

JPMorgan Cuts Yuan Longs, Sees Won as Asia’s Surprise Gainer by 2027

JPMorgan Asset Management is cutting long yuan positions against the dollar and raising exposure to higher-yielding currencies such as the South Korean won and Philippine peso. Bloomberg reported on July 7 that the firm, which manages $4.3 trillion i

Nasdaq-Listed Empery Digital Buys 200 More Bitcoin, Bringing Six-Day Total to 1,200 BTC

Nasdaq-listed Empery Digital added to its Bitcoin holdings with the purchase of 200 more tokens. On-chain analytics platform OnchainLens said on July 6 that Empery Digital received an additional 200 Bitcoin valued at about $12.84 million. On-chain da

Loaded Lions to Launch Blockchain Game 'Mane City' on July 7

Today’s Key Economic Events ▶ July 7 (Tuesday): None Today’s Cryptocurrency Events ▶ July 7 (Tuesday): Loaded Lions (LION) to launch blockchain game 'Mane City'

Bitcoin Rebounds After Strategy Sale Shock; Funding Rate Recovers to 9% Annualized

Bitcoin slid to $61,300 after Strategy announced a sale, but quickly rebounded. Derivatives indicators have also partly recovered, though it is still too early to call a bullish turn. Cointelegraph reported on July 6 that the annualized funding rate

CryptoQuant CEO Says Bitcoin’s 24-Hour Rebound Was Driven by Whales

Bitcoin’s recent rebound was led by whale investors active in both the spot and futures markets, according to an analysis from CryptoQuant CEO Ki Young Ju. In a post on X on July 6, Ju wrote that “whales drove both BTC spot and futures over the past

Trump’s Strategic Bitcoin Reserve Plan Stalls on Treasury Authority, Jurisdiction Questions

President Donald Trump’s plan to establish a strategic Bitcoin reserve has run into legal and jurisdictional hurdles. Bloomberg, citing people familiar with the matter, reported on July 6 that questions have emerged over whether the Treasury Departme

Former Tether CIO Seeks Sale of Part of 1.26% Stake

Richard Heathcote, Tether’s former chief investment officer, is seeking to sell part of his stake in the stablecoin issuer, Bloomberg reported. Heathcote is working with investment bank PJT Partners to market part of his 1.26% holding in Tether to po

Bitcoin Rises Above $64,000 as Major Altcoins Advance

Bitcoin continued its advance, reclaiming the $64,000 level. As of 6:13 a.m. on July 7 in South Korea, Bitcoin was trading at $64,372.01 on Binance's USDT market, up 2.6% from a day earlier. On Upbit's won market, it was trading at 96.53 million won,

XRP Breaks Above $1.14 Resistance; Next Hurdle Is $1.17-$1.20

XRP has broken above a key resistance level on strong trading volume, with the token’s near-term direction now hinging on whether that breakout zone holds as support. CoinDesk reported on July 6 that positive catalysts for XRP have continued to build

Goldman Sachs Sees Yen Falling to 165 Per Dollar Within a Year on Delayed BOJ Rate Hikes

Goldman Sachs projects the Japanese yen will weaken to 165 per dollar within the next year as the currency's slide extends. Bloomberg reported on July 6 that Goldman Sachs raised its 12-month forecast for the dollar-yen exchange rate to 165 from 155.

ECB, European Regulators Warn AI Risks Are Outpacing Oversight

European central bankers and financial regulators are warning that agentic artificial intelligence could threaten the financial system and are calling for new safeguards. Cointelegraph reported on July 6 that Bank of England Deputy Governor Sarah Bre

Yen May Fall to 170 Per Dollar This Year on Fiscal Expansion, BOJ Delay

The Japanese yen, already hovering near a 40-year low, may weaken to 170 per dollar before the end of this year. The dollar-yen exchange rate rose into the 162 yen range on June 30, its highest level since December 1986, Nikkei reported on July 6. Do

Nearly 1 Million TRUMP Memecoin Holders Lose $3.8 Billion as Trump Gains $630 Million

Nearly 1 million holders of President Donald Trump’s memecoin, Official Trump (TRUMP), have posted combined losses of $3.8 billion. Cointelegraph reported on July 5, citing a New York Times article based on a report from blockchain analytics firm Nan

Binance Halts Trading in France, Some European Countries After MiCA License Failure

Binance has halted trading services in France and some other European countries after failing to secure a license under the European Union’s Markets in Crypto-Assets regulation, or MiCA. BFM Business reported on July 5, citing Wu Blockchain, that Bin

UK Moves to Tighten Political Donation Rules, Targeting Crypto Billionaire Giving

The UK government is moving to tighten political donation rules to block foreign money from entering domestic politics. Bloomberg reported on July 5 that the government plans to introduce a rule barring donors who have returned from overseas from giv

Dunamu Wraps Up First Upclass Ambassador Cohort After Three-Month Program

Dunamu, the operator of Upbit, said July 6 that it held a closing ceremony for the first cohort of its Upclass Ambassador program, a digital-asset content creator initiative for university students. The event, branded as BUILD-UP DAY, was held at UP

Coinone Unveils 2026 Brand Campaign, 'Beyond Coins, Into Finance'

Coinone said July 6 that it has launched its 2026 brand campaign, "Beyond Coins, Into Finance." The campaign, a large-scale branding project that will run through year-end, consists of three series. Coinone marked the start of the campaign with the r

Farage Faces Fresh Questions Over Undisclosed Support Tied to Crypto Gambling Platform

Nigel Farage, leader of the right-wing U.K. party Reform UK, has been accused of receiving financial support over several years from a figure linked to a cryptocurrency gambling platform without reporting it. The Block and The Sunday Times reported o

Oil Falls as Hormuz Shipments Normalize and OPEC+ Agrees Output Increase

Oil fell as crude shipments through the Strait of Hormuz returned to normal and OPEC+ agreed to raise output. Bloomberg reported on July 5 that Brent crude slipped below $72 a barrel, while West Texas Intermediate fell to about $68. Crude and liquefi

[Today’s Key Economic and Crypto Events] US June S&P Global Services PMI Due

Today’s Economic Calendar ▶ Monday, July 6: US June S&P Global Services Purchasing Managers Index (PMI) at 10:45 p.m. Korea time; US June ISM Non-Manufacturing Purchasing Managers Index (PMI) at 11 p.m. Korea time; speech by Federal Reserve Governor

Michael Saylor Signals More Strategy Bitcoin Buying, Calls BTC ‘Digital Energy’

Strategy Chairman Michael Saylor signaled the possibility of another Bitcoin purchase. Saylor on July 5 posted a Strategy Tracker chart on X with the message, “Bitcoin is Digital Energy.” He has repeatedly posted similar messages on X ahead of Strate

US Spot Bitcoin ETFs Post Record Eight-Week Outflow Streak

US spot Bitcoin exchange-traded funds posted net outflows for an eighth straight week, the longest such streak since the products launched. The Block, citing SoSoValue data, reported on July 4 that US spot Bitcoin ETFs recorded about $527 million in

Americans Lead Polymarket Political Betting With $571 Million Despite US Ban

Americans placed more political bets on Polymarket than users in any other country over the past year, even though the prediction-market platform bars US users. CoinDesk reported on July 5 that on-chain analytics firm Allium said in a recent report t

Vitalik Buterin Says Ethereum to Undergo Broad Overhaul Over Next 3 to 4 Years

Ethereum co-founder Vitalik Buterin has outlined a long-term roadmap called "Lean Ethereum" that would effectively replace the network’s core architecture over the next three to four years. The plan is not a single upgrade but a sequence of improveme

Bitcoin Recovers $63,000 Level

US CLARITY Act Faces Uncertain Path Before August Recess as Ethics Fight Looms

The outlook for passage of the CLARITY Act, a US digital-asset market-structure bill, is growing more uncertain. CoinDesk reported on July 5 that Patrick Witt, a White House adviser on digital assets, said in May he hoped the CLARITY Act could be sig

World Cup Boost Sends Kalshi, Polymarket June Trading Volume to $44.8 Billion

Trading on prediction-market platforms Kalshi and Polymarket surged amid betting tied to the FIFA World Cup. The Block reported on July 2 that combined monthly volume on Kalshi, Polymarket and Polymarket US reached $44.8 billion in June, up about 75%