Suehyeon Lee

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%

US Spot Ether ETFs Draw $14.92 Million, Ending Nine-Day Outflow Streak

US spot Ether exchange-traded funds posted net inflows for the first time in 10 trading days. US spot Ether ETFs took in a combined $14.92 million on July 1, data from Trader T showed on July 2. The inflow snapped a nine-session run of net outflows.

US Spot-Bitcoin ETFs Post $296 Million in Net Outflows for 10th Straight Session

US spot-Bitcoin exchange-traded funds recorded heavy net outflows. According to Trader T on July 2, US spot-Bitcoin ETFs saw total net outflows of $296 million the previous day, extending their streak of net withdrawals to 10 consecutive trading sess

Chiliz Launches ‘Fan Token Intel MCP’ on OKX AI Marketplace

Global sports and entertainment blockchain company Chiliz said on July 2 that it launched Fan Token Intel MCP, a dedicated intelligence layer for sports fan tokens, on OKX’s AI agent platform, OKX AI. OKX AI is an AI marketplace designed to let AI ag

Korbit Revamps Mobile App Home Screen to Highlight Market Data

Korbit said Thursday it had overhauled the home screen of its mobile app to improve usability. The redesign is aimed at helping users see key market information as soon as they open the app and access frequently used functions more quickly through an

Bithumb Raises Bug Bounty Reward to $145,000, Revamps Privacy Center

Bithumb said July 2 that it will raise the maximum reward under its bug bounty program to 200 million won ($145,000) and step up operations at its Privacy Center, where it discloses its personal data protection efforts. A bug bounty program pays rewa

Trump Crypto Income Disclosure Revives Push for CLARITY Act Ethics Rules

The disclosure that President Donald Trump earned hundreds of millions of dollars from cryptocurrency ventures has intensified calls to add ethics provisions to the CLARITY Act, the US market-structure bill for digital assets. The Block reported on J

Dunamu’s Upside Academy Places 63% of Graduates at Samsung Electronics, Dunamu and Other Firms

Dunamu, the operator of Upbit, said July 2 that its Web3 and cybersecurity training program Upside Academy is producing security talent for major technology companies including Samsung Electronics and Dunamu, highlighting its results as a practice-fo

Crypto Card Deposits Top $10 Billion for First Time as Stablecoin Payments Expand

Deposits on crypto cards have surpassed $10 billion for the first time, underscoring rising use of stablecoins in global payments and related services. The Kobeissi Letter reported on July 1 that total deposits linked to crypto cards climbed above $1

Oil Falls for Third Day as Hormuz Flows Recover, US-Iran Talks Advance

International oil prices fell for a third straight trading day as shipping through the Strait of Hormuz recovered and optimism grew over progress in US-Iran talks. According to Bloomberg, West Texas Intermediate traded near $68 a barrel on July 1, wh

US June Jobs Report, Weekly Jobless Claims Due Thursday; Sui Token Unlock Scheduled

Key Economic Events for July 2 ▶ Thursday: US June nonfarm payrolls and unemployment rate report (9:30 p.m. Korea Standard Time); US weekly initial jobless claims (9:30 p.m. Korea Standard Time) Key Cryptocurrency Event for July 2 ▶ Thursday: Sui (SU

American Bitcoin Sets 15-for-1 Reverse Stock Split to Maintain Nasdaq Listing

American Bitcoin, the Trump family-founded Bitcoin mining and holding company, will implement a reverse stock split to meet Nasdaq’s minimum bid-price requirement. The company plans to carry out a 15-for-1 reverse split next week, The Block reported

Cboe Seeks Binary Options Tied to Company KPIs, Including Coinbase Trading Volume

Cboe Global Markets is seeking to list a new type of binary option tied to the outcome of corporate earnings reports. Bloomberg reported on July 1 that Cboe filed an application with the U.S. Securities and Exchange Commission to win approval for wha

Ethereum Institutional Debuts With Support From Standard Chartered and Broader Ecosystem

Ethereum Institutional, a new initiative aimed at strengthening engagement with institutional players in the Ethereum ecosystem, has launched with backing from across the industry. CoinDesk reported on July 1 that Ethereum Institutional officially la

1inch Integrates Robinhood Chain to Expand Trading in Tokenized Real-World Assets

1inch said July 2 that it has integrated Robinhood Chain, Robinhood’s blockchain for tokenized real-world assets, or RWAs. As an official launch partner for Robinhood Chain, 1inch will support trading in tokenized stocks and exchange-traded products,

Robinhood Launches Layer-2 Mainnet, Plans UK Crypto Trading Push

Robinhood, the U.S. stock and cryptocurrency trading platform, has officially launched its own public blockchain mainnet and outlined plans to expand its crypto trading service in the UK. Cointelegraph reported on July 1 that Robinhood had launched t

Bitcoin Rebounds After 21-Month Low, Tops $60,000 as Leverage Risks Persist

Bitcoin rebounded after sliding to its lowest level in 21 months, but leverage data is still signaling caution. Cointelegraph reported on July 1 that Bitcoin fell as low as $57,737 during the session, its weakest level in 21 months, before recovering

1,700 UK Investors Sue Binance, Zhao for $200 Million

About 1,700 UK investors have filed a class-action lawsuit against Binance and former Chief Executive Officer Changpeng Zhao, seeking 150 million pounds, or about $200 million. Cointelegraph reported on July 1 that law firm KP Law, which represents t

'47 Ronin' Director Sentenced to 30 Months for Misusing Netflix Funds, Dogecoin Bet

A Hollywood director who blew through $11 million in Netflix production funding on cryptocurrency and luxury goods was sentenced to 30 months in prison. Cointelegraph reported on July 1 that a federal court in Manhattan sentenced Carl Rinsch, directo

Taiwan Passes Virtual Asset Service Act, Setting Rules for Stablecoins and Exchanges

Taiwan moved to eliminate legal uncertainty in the digital-asset market after lawmakers passed legislation establishing a regulatory framework for the broader cryptocurrency industry. The Block reported on July 1 that Taiwan’s Legislative Yuan passed

US Spot Ether ETFs See $27.6 Million in Net Outflows, Extending Streak to Nine Sessions

US spot Ether exchange-traded funds posted net outflows for a ninth straight trading session. US spot Ether ETFs recorded total net outflows of $27.6 million on June 30, data from Farside Investors showed. The entire outflow came from BlackRock's ETH

US Spot-Bitcoin ETFs Suffer Record $4.5 Billion of June Outflows Since Launch

US spot-Bitcoin exchange-traded funds posted their largest monthly outflow since launching in January 2024. Citing SoSoValue data, The Block reported on July 1 that the funds recorded total net outflows of $4.5 billion in June. That was 29% above the

US Spot-Bitcoin ETFs Post $222.6 Million Net Outflow for Ninth Straight Session

US spot-Bitcoin exchange-traded funds recorded more than $200 million in net outflows in a single day. Farside Investors data showed US spot-Bitcoin ETFs posted total net outflows of $222.6 million on June 30. It was the ninth straight trading sessio

Bitcoin Drops to 21-Month Low as Hawkish Fed, ETF Outflows Weigh on Sentiment

Bitcoin fell to its lowest level in 21 months as fears of further Federal Reserve tightening, continued outflows from spot exchange-traded funds and uncertainty surrounding Strategy undermined investor sentiment. Bloomberg reported on July 30 that Bi

Florida Man Pleads Guilty in $250 Million Crypto Liquidity Pool Fraud

A Florida man pleaded guilty to fraud charges after using cryptocurrency liquidity pool investments to lure victims into a scheme that funded luxury goods and real estate purchases. The U.S. Attorney's Office for the Middle District of Florida said J

Whale Deposits 4 Million USDC Into HyperLiquid, Buys $2.45 Million of HYPE

A whale investor deposited 4 million USDC into decentralized exchange HyperLiquid and then bought a large amount of the platform's HYPE token. Onchain Lens said July 30 that a newly created wallet deposited 4 million USDC into HyperLiquid and began a

Analysis: US Bitcoin Holdings Haven’t Yet Signaled the Next Bull Market

US institutional Bitcoin holdings have yet to show a clear uptrend, suggesting a full-fledged bull market may still be some time away. CryptoQuant contributor Crypto SunMoon wrote on July 30 that, historically, Bitcoin bull markets have unfolded afte

Gold Holds Near $4,000 as Traders Watch US-Iran Talks, Fed Rate Path

Gold traded in a narrow range as investors watched US-Iran peace talks and fresh US economic data. Spot gold traded near $4,000 an ounce on July 30, according to Bloomberg. The metal steadied after dropping about 2% over the previous two sessions. En

Circle Shares Slide 16% After OpenUSD Debut; Analysts Say Competition Fears Are Overdone

Circle shares slid sharply after Open Standard announced plans to launch a new stablecoin. The Block reported on June 30 that Open Standard unveiled OpenUSD, or OUSD, a stablecoin involving more than 140 companies including Visa, Stripe, Mastercard,