Suehyeon Lee

Former Acting CFTC Chair Pham Says Existing Laws Are Sufficient to Regulate Crypto

Former Acting Commodity Futures Trading Commission Chair Caroline Pham said the digital-asset market can be overseen under the current regulatory framework without a separate crypto market structure law. The Block reported on October 12 that Pham, sp

Kospi Slides More Than 3% on AI Investment Fears, Middle East Risks; Foreigners Sell 1.56 Trillion Won

South Korean stocks fell sharply on Oct. 12 as concerns over profitability in the artificial intelligence industry and rising military tensions in the Middle East weighed on sentiment. As of 2 p.m., the Kospi had dropped 3.17% from the previous sessi

Bitcoin Reclaims $84,000 After Trump Announces Russia-Ukraine Energy Truce

Bitcoin rebounded over the weekend, reclaiming the $84,000 level. As of 1:46 p.m. Korea time on Oct. 12, Bitcoin was trading at $84,152.01 on Binance's USDT market, up 1.47% from a day earlier. On Upbit's won market, it traded at 113.29 million won,

BOK Governor Shin Hyun-song Admits Inadequate Warning on Single-Stock Leveraged ETF Risks, Apologizes to Public

Bank of Korea Governor Shin Hyun-song apologized for failing to provide an adequate advance warning about the risks of single-stock leveraged exchange-traded funds. Speaking at a parliamentary audit at the Bank of Korea in Seoul on Oct. 12, Shin ackn

Two Ethereum Foundation-Linked Wallets Send 4,393 ETH to Kraken Worth About $11.13 Million

About $11 million worth of Ether moved from two wallets believed to be linked to the Ethereum Foundation to the cryptocurrency exchange Kraken. On-chain analytics firm Lookonchain said on Oct. 12 that the two wallets deposited a combined 4,393 ETH in

US Spot-Bitcoin ETFs See $681 Million Outflow Last Week, Ending Three-Week Inflow Streak

US spot-Bitcoin exchange-traded funds posted net outflows of $681 million last week, ending a three-week streak of inflows. WuBlockchain said on October 12 that US spot-Bitcoin ETFs recorded total net outflows of $681 million during the week of Octob

Won Rises to Strongest in Nearly Two Years as Dollar-Won Rate Falls to 1,333.30

The South Korean won climbed to its strongest level in nearly two years, supported by lower global oil prices and dollar sales from domestic companies. Bloomberg reported on October 11 that the dollar-won exchange rate fell as much as 0.8% intraday t

BOK Governor Rhee Says August Preemptive Rate Hike Bought Time, Reduced Economic Costs

Bank of Korea Governor Rhee Chang-yong said the central bank’s decision to raise its benchmark interest rate preemptively in August helped stabilize financial markets and reduce future economic costs. Testifying at a parliamentary audit at the Nation

DBS CEO Says AI Infrastructure Risk Repricing Is Underway, With Tougher Profitability Tests Ahead

A broader market repricing of risk in artificial intelligence infrastructure investment is gathering pace, a shift that stands to subject corporate fundraising to tougher profitability scrutiny. Tan Su Shan, chief executive officer of DBS Group Holdi

BOK Governor Rhee Flags Risks of Overseas Crypto Cards Evading Rules, Vows Close Monitoring

Rhee Chang-yong, governor of the Bank of Korea, said he will closely monitor concerns that overseas crypto cards could be used to circumvent financial regulations and leave users inadequately protected. At a parliamentary audit on October 12, Rhee re

Gold Holds Above $4,200 an Ounce, Rises Despite Russia-Ukraine Energy Ceasefire Announcement

Gold rose modestly and held above $4,200 an ounce after President Donald Trump announced a halt to attacks on energy facilities between Russia and Ukraine. Bloomberg reported on October 11 that spot gold was up 0.3% at $4,206.86 an ounce as of 8:30 a

BOK to Use Wholesale CBDC, Not Stablecoins, in 2027 Tokenized Treasury Pilot

The Bank of Korea plans to use a wholesale central bank digital currency rather than private stablecoins as the settlement asset for a tokenized Treasury pilot set for 2027. The Electronic Times reported on October 12, citing materials the BOK submit

Ethereum Exchange Inflows Surge, Raising Sell Pressure, as Staking Ratio Hits Record High

A surge in Ethereum (ETH) inflows to exchanges is increasing short-term selling pressure, though the rising share of tokens locked in staking points to the potential for tighter supply ahead, according to an analysis. On Oct. 11, CryptoOnchain, a con

Jeonbuk Bank Launches South Korea’s First Bitcoin-Backed Won Loan for Corporate Clients

Jeonbuk Bank has launched South Korea’s first won-denominated loan backed by Bitcoin. According to an Oct. 12 Edaily report, Jeonbuk Bank, a unit of JB Financial Group, recently began offering won loans linked to digital assets. The product is limite

US CLARITY Act Stalls, Leaving SEC and CFTC to Lead Crypto Regulation as Legal Uncertainty Persists

The failure of the CLARITY Act, a US digital-asset market structure bill, has left federal regulators in the lead on crypto oversight, splitting the industry between hopes for faster progress and concerns that legal uncertainty will persist. CoinDesk

Kospi Drops More Than 1% Early on Rising Middle East Tensions; Foreign, Institutional Investors Sell

South Korea’s Kospi resumed trading after the Hangeul Day holiday and fell more than 1% in early trading as geopolitical tensions in the Middle East weighed on sentiment. As of 9:19 a.m. on October 12, the Kospi stood at 6,544.95, down 1.22% from the

Suspected Price Manipulation on Hyperliquid-Based Exchange Papertrade Nets Trader $1.28 Million

A trader appears to have earned about $1.28 million by artificially moving the price of Ether on Papertrade, a Hyperliquid-based perpetual futures exchange. The trader used as much as 1,000x leverage on Papertrade, which launched on October 10, then

Today’s Key Economic and Cryptocurrency Events: IMF-World Bank Annual Meetings Open

Today's Key Economic Events ▶︎ Oct. 12 (Mon.): △ The International Monetary Fund-World Bank Annual Meetings open in Bangkok, Thailand, and run through Oct. 18 △ Japanese financial markets are closed for Sports Day Today's Key Cryptocurrency Events ▶︎

Bitcoin Rises Alongside Stocks and Gold, but Stronger Dollar May Limit Further Gains

Bitcoin has been moving closely with US stocks, gold and the dollar, but the greenback’s recent strength could act as a headwind to further price gains, according to a CryptoQuant analysis. On October 11, CryptoQuant contributor Crazzyblockk wrote th

Houthi Attack Lifts Oil, Dollar; Brent Tops $105

International oil prices and the dollar are rising together as a Houthi attack on Saudi Arabia fuels concern that conflict in the Middle East could spread. Bloomberg reported on October 11 that Brent crude, the international benchmark, traded at $105

IMF Says Tokenized Stocks Are 1.5 Times More Volatile Than Traditional Shares, With Thinner Liquidity

Tokenized stocks offer advantages such as 24-hour trading and fractional investing, but they are more volatile than traditional shares and suffer from thinner liquidity, according to an International Monetary Fund analysis. CoinDesk reported on Oct.

AI-Discovered XRPL Flaw Could Have Allowed Unauthorized Creation of 18 Trillion XRP in One Transaction

A critical security flaw in the XRP Ledger, or XRPL, could have allowed as many as 18 trillion XRP to be created through a single unauthorized transaction, prompting developers to issue an emergency patch. A security report released by the XRPL devel

Michael Saylor Hints at More Bitcoin Buying, Saying ‘There’s Always Room for More’

Strategy Chairman Michael Saylor has hinted at another Bitcoin purchase. Cointelegraph reported on October 11 that Saylor wrote on X, "There's always room for more orange," referring to Bitcoin. The post was interpreted as a signal that Strategy may

Trump Says Russia, Ukraine Agree to Energy Truce; Zelenskiy Awaits Details

President Donald Trump said Russia and Ukraine have agreed to immediately halt attacks on energy facilities, sharpening focus on the prospects for a ceasefire between the two countries. Bloomberg reported on October 11 that Trump said in a post on hi

American Killed in Houthi Attack on Riyadh Airport; Trump Says US Military Action Under Review

The death of an American in a Houthi attack on the airport in Saudi Arabia’s capital is raising the prospect of direct US military involvement. Bloomberg reported on October 11 that an attack on Riyadh International Airport a day earlier killed 12 pe

Bitcoin Futures Leverage Jumps 4%; Will Last October’s ‘Great Liquidation’ Nightmare Return?

Rising leverage in the Bitcoin futures market is fueling concern that last year’s “October great liquidation” could be repeated. Still, some analysts say the market is less overheated than it was then, suggesting the risk of a large cascade of liquid

Kalshi’s 15-Minute Gold Market Surpasses Ethereum, Generates $5 Million in September Fees

Kalshi’s 15-minute gold market has grown rapidly enough to overtake its Ethereum market just over a month after launch. Cointelegraph reported on Oct. 7 that prediction-market data platform Predict Charts estimated Kalshi’s 15-minute gold contracts g

Cardano Adopts CIP-0113 Token Standard, Letting Issuers Freeze or Seize Regulated Assets

Cardano has introduced a new token standard that allows issuers of regulated assets such as stablecoins, funds and bonds to directly set the conditions for holding and transferring tokens. CoinDesk reported on October 7 that the Cardano Foundation fo

Ray Dalio Calls AI a ‘Classic Bubble,’ Says Higher Rates Bring Bust Closer

Billionaire investor Ray Dalio called the investment frenzy surrounding the artificial intelligence industry a "classic bubble," warning that rising interest rates and heavy debt loads could trigger its collapse. Bloomberg reported on October 7 that

Samsung, SK Hynix Leveraged Product Investors Lost $1.7 Billion in Three Months

Retail investors who bought single-stock leveraged exchange-traded products tied to Samsung Electronics Co. and SK Hynix Inc. are estimated to have lost about $1.7 billion over roughly three months. Bloomberg’s analysis of data that lawmaker Choi Eun