Suehyeon Lee

US Treasury Secretary: "Announcement of Fed Chair Candidate Possible in December or January Next Year"

The US Treasury Secretary commented on the timing of the announcement for the next Fed (Federal Reserve, Fed) chair candidate. According to BlockBeats on the 24th (local time), Scott Bessent, US Treasury Secretary, stated, "The announcement of the ne

The Card Industry Responds with a Task Force Amid Concerns Over the Spread of KRW Stablecoins

As discussions on the introduction of KRW-based stablecoins become more serious, the card industry, which feels its leadership in the payments market is threatened, has launched an urgent response. According to the financial sector on the 24th, the K

"Fidelity Bitcoin ETF ‘In-Kind Redemption Method’ Allowed?…US SEC Has Yet to Approve"

News is spreading that the Fidelity Bitcoin (BTC) spot exchange-traded fund (ETF) has been granted approval for in-kind redemption, but it has been confirmed that the US Securities and Exchange Commission (SEC) has not yet approved it. On the 24th (l

[Analysis] "Solana Signals Bullish Reversal as It Recovers $180"

Solana (SOL) has reportedly shown its first major bullish reversal signal on the daily chart as it recovered the $180 level. On the 24th (local time), Cointelegraph analyzed, “Solana confirmed its first key bullish reversal signal on the daily chart

Bitwise: "Ethereum emerges as the market winner amid regulatory tailwinds"

Ethereum (ETH) is leading the market following the passage of cryptocurrency legislation in the United States, according to an analysis. On the 24th (local time), Cointelegraph reported that Bitwise, in its weekly report, stated, "Last week, Ethereum

LetsBonk dominates meme coin launch platform market…Market share surges to 64%

The Solana (SOL)-based meme coin creation platform LetsBonk is dominating the meme coin platform market. According to The Block on the 23rd (local time), LetsBonk has boosted its market share from just 5% a month ago to approximately 64% now. In cont

Tether CEO: "Plans for Entry into U.S. Institutional Stablecoin Market Progressing Smoothly"

Tether’s plans for business expansion in the United States are reportedly progressing smoothly. On the 23rd (local time), Paolo Ardoino, CEO of Tether, stated in an interview with Bloomberg TV, "Strategic planning within the U.S. is progressing well.

J.P. Morgan: "A $2 Trillion Stablecoin Market by 2028 Is Somewhat Optimistic"

J.P. Morgan evaluated the outlook that the stablecoin market could reach $2 trillion by 2028 as "somewhat optimistic." According to Bloomberg on the 24th (local time), J.P. Morgan stated, "The forecast that the stablecoin market size will grow eightf

[Key Economic & Cryptocurrency Events This Week] US Initial Jobless Claims & More

<Key Economic Events Next Week> ▶21st (Mon): △US June Leading Index (10:00 US time, 23:00 KST) ▶22nd (Tue): △KOR June Producer Price Index (PPI) △Jerome Powell, Federal Reserve Chair, speech (8:30 US time, 21:30 KST) △US July Richmond Fed Manufacturi

Tether CEO: "Explosive Demand for Stablecoins Amid Economic Uncertainty... Expanding into Everyday Payments"

Paolo Ardoino, CEO of Tether, explained the background behind the increase in demand for stablecoins. According to Wu Blockchain on the 20th (local time), in an interview with Bankless, he stated, "Since around 2020, due to the influence of younger g

[Analysis] "Bitcoin Social Share 43%...Possibility of Short-term Correction"

Bitcoin (BTC) is showing signs of overheating, with analysis suggesting a possibility of a short-term correction. According to Cointelegraph on the 20th (local time), on-chain analytics firm Santiment stated, "43% of all virtual asset (cryptocurrency

U.S. Treasury Undersecretary Says "Stablecoin Demand Will Reach Trillions of Dollars"

Michael Faulkender, Under Secretary of the United States Department of the Treasury, discussed the growth outlook for the stablecoin market. According to Cointelegraph on the 20th (local time), Undersecretary Faulkender stated in an interview with Bl

Ethereum total staking surpasses 36 million ETH... 29% of supply

The total staking volume of Ethereum (ETH) has exceeded 36 million ETH. According to on-chain analytics platform Dune data on the 20th (local time), currently staked Ethereum stands at 36.07 million ETH, accounting for 29.15% of the total supply. Sin

[Today's Global Trending Coins] Tezos, Solana, Anoma & Others

According to Token Mindshare, Kaito's AI-based Web3 search platform indicator that quantifies a specific token's influence in the virtual asset market, the top 5 most searched-for crypto-related keywords as of the 20th are Tezos (XTZ), Solana (SOL),

[Market Update] Ethereum surpasses ₩5,000,000 in Upbit KRW market…Continued upward trend

Ethereum (ETH) has maintained its steady rise, breaking through the ₩5,000,000 mark in the Upbit KRW market. As of 2 PM on the 20th in the Upbit KRW market, Ethereum is trading at ₩5,005,000, up 1.79% from the previous day. On CoinMarketCap, it is tr

Coinbase hacker purchases additional ETH worth $2.3 million

The hacker who stole over $300 million from Coinbase users has started purchasing large amounts of Ethereum (ETH). According to Lookonchain on the 20th (local time), the hacker purchased 649.62 ETH (approximately $2.3 million) about 9 hours ago. The

US Bitcoin Spot ETF Sees Net Inflow of Approximately $2.39 Billion This Week… Trading Volume Reaches $26 Billion

The United States Bitcoin (BTC) spot exchange-traded funds (ETFs) recorded a net inflow of nearly $2.4 billion this week. According to TraderT on the 20th (local time), the total net inflow for the US Bitcoin spot ETFs this week amounted to $2.389 bi

IMF: "El Salvador has not made new Bitcoin purchases since February this year"

The International Monetary Fund (IMF) announced that El Salvador has not made additional Bitcoin (BTC) purchases since February this year. According to The Block on the 19th (local time), the IMF stated in a recent report, "El Salvador has not purcha

US Federal Housing Director: "Chair Powell does not deny resignation rumors"

Jerome Powell, Chair of the Fed, reportedly has not denied the recent rumors about his resignation. According to Watcher Guru on the 20th (local time), William Pulte of the US Federal Housing Agency stated that the director "has not denied reports th

Mastercard Executive: "The GENIUS Act Will Be a Turning Point for the Popularization of Stablecoins"

Jesse McWaters, Mastercard's Global Head of Policy, stated that the GENIUS Act will be a turning point for the expansion of the stablecoin market. According to DL News on the 19th (local time), McWaters said, "The GENIUS Act will accelerate the entry

UK government pursues large-scale sale of seized virtual assets… Up to $7 billion

The UK Home Office is reportedly planning to sell seized virtual assets (cryptocurrency) in cooperation with the police. On the 19th (local time), the UK media outlet The Telegraph reported that the UK Home Office, as a measure to fill a financial ga

[Today's Global Trending Coins] MemeX·Kaito·Mitosis & More

According to the Top Gainer index, which quantifies the influence of specific tokens in the virtual asset market by Token Mindshare of artificial intelligence (AI)-based Web3 search platform Kaito, as of the 19th, the top 5 keywords attracting the mo

U.S. Ethereum Spot ETF Sees Largest Weekly Net Inflow Since Launch This Week… 2.4x Increase from Previous Week

The U.S. Ethereum (ETH) spot ETF recorded its largest weekly net inflow since its launch. According to TraderT on the 19th (local time), the total net inflow for U.S. Ethereum spot ETFs in week 28 of trading reached $2.173 billion (approximately ₩3.0

Justin Sun's HTX transfers 56,000 ETH to Binance today... About $518 million moved over the past week

A large amount of Ethereum (ETH) was confirmed to have been transferred from HTX, a cryptocurrency exchange operated by TRON (TRX) founder Justin Sun, to Binance. According to the on-chain data analytics company AmberCN on the 19th (local time), toda

James Wynn takes a long position in Ethereum… 25x leverage

Virtual asset (cryptocurrency) whale (large investor) James Wynn has entered a large long position in Ethereum (ETH). According to HyperInsight, a virtual asset monitoring platform, on the 19th (local time), Wynn closed his previous short position ab

21Shares Submits Two New Cryptocurrency Index ETFs

It has been reported that 21Shares has newly filed for two cryptocurrency (virtual asset) index-based ETFs with the U.S. Securities and Exchange Commission (SEC). On the 19th (local time), Nate Geraci, CEO of The ETF Store, stated, "21Shares has appl

U.S. Ethereum Spot ETFs See Net Inflow of $402.5 Million the Previous Day — Approximately ₩560.8 Billion

U.S. Ethereum (ETH) spot ETFs saw a strong performance yesterday, recording a net inflow exceeding $400 million. According to Farside Investors on the 19th (local time), U.S. Ethereum spot ETFs recorded a total net inflow of $402.5 million (approxima

US Bitcoin Spot ETF Sees $363.5 Million Net Inflow the Previous Day…12 Consecutive Trading Days

The US Bitcoin (BTC) spot ETF has continued to see net inflows for nearly two weeks. According to Farside Investors on the 19th (local time), the previous day, US Bitcoin spot ETFs recorded a net inflow of $363.5 million (approximately ₩506.5 billion

U.S. Solana Staking ETF sees $11.4 million net inflow the previous day…2 consecutive trading days

The U.S. Solana (SOL) Staking ETF continued its positive trend by recording a net capital inflow the previous day. According to Farside Investors on the 19th (local time), the U.S. Solana Staking ETF 'REX-Osprey (SSK)' saw a net inflow of $11.4 milli

Two new wallets withdraw 22,000 ETH from Kraken...worth approximately $79.5 million

It was found that two newly created wallets withdrew a large amount of Ethereum (ETH) from the cryptocurrency exchange Kraken. According to Lookonchain on the 19th (local time), a wallet address created 6 hours ago withdrew 22,434 ETH (worth about $7