Suehyeon Lee

Gold Steadies Near $4,140 an Ounce as Dollar, US Treasury Yields Strengthen

Gold was steady near $4,140 an ounce as investors weighed the impact of a stronger dollar and higher US Treasury yields on Federal Reserve monetary policy. Bloomberg reported on October 6 that spot gold traded little changed at $4,139.06 an ounce as

US Treasury Withdraws Crypto Mixing Rule Proposal, Citing Risk to Legitimate Activity

The U.S. Treasury Department's Financial Crimes Enforcement Network, or FinCEN, has withdrawn a 2023 proposal to tighten reporting requirements for cryptocurrency mixing transactions. The Block reported on October 5 that FinCEN disclosed the move in

Kospi Tops 7,030 in Early Trade as Foreign, Institutional Buying Lifts Market

The Kospi rose above 7,030 in early trading on October 6, extending gains as strength in U.S. technology shares buoyed sentiment. As of 9:01 a.m., the Kospi stood at 7,034.25, up 30.51 points, or 0.44%, from the previous session. Foreign and institut

[Today’s Key Economic and Cryptocurrency Events] US ADP Weekly Employment Report, More

<Today’s Key Economic Events> ▶︎ Oct. 6 (Tue.): △ Bank of Japan Governor Kazuo Ueda speech (2:35 a.m. US time, 3:35 p.m. Korea time) △ US ADP weekly employment change report (8:15 a.m. US time, 9:15 p.m. Korea time) △ US August trade balance (8:30 a.

MoonPay, KB Kookmin Card to Develop Digital-Asset Payments Model for Foreign Users

MoonPay, a global digital-asset payments and stablecoin infrastructure company, said on October 6 that it will work with KB Kookmin Card to develop digital-asset-based payment services. The companies will focus on payment services for foreign users a

Oil Extends Decline on Recovery in Middle East Exports; WTI Near $89

International oil prices extended their decline for a second day as crude exports from the Persian Gulf recovered and Saudi Arabia sharply cut selling prices. Bloomberg reported on Oct. 6 that West Texas Intermediate traded near $89 a barrel after fa

Fairshake Backs 32 US House Candidates, Commits $6 Million to First Six

Fairshake, the cryptocurrency political action committee backed by Coinbase, Ripple Labs and Andreessen Horowitz, has announced plans to support 32 US House candidates ahead of the 2026 US midterm elections. Cointelegraph reported on October 5 that F

Modern Treasury Applies to Launch U.S. National Trust Bank for Stablecoin Custody

Payments infrastructure company Modern Treasury is seeking to establish a U.S. national trust bank to offer custody for digital assets including stablecoins, along with fiat-currency services. Cointelegraph reported on October 5 that Modern Treasury

Tiger Research Says Monad Could Serve as South Korea’s Stablecoin and RWA Financial Infrastructure

As South Korea’s digital-asset market shifts from trading toward competition to build real financial-service infrastructure, high-performance Layer 1 blockchain Monad stands to see broader use, according to a new report. Tiger Research, a Web3-focuse

OpenAI Seeks at Least $30 Billion in Funding, Discusses Up to $10 Billion From UAE Investors

OpenAI is seeking to raise at least $30 billion in a new funding round, with investment institutions in the United Arab Emirates discussing a commitment of as much as $10 billion. Bloomberg reported on Oct. 5 that OpenAI has been in talks with severa

DeFi Development Boosts Solana Holdings to 2.56 Million, Sees NAV Per Share More Than Doubling

Nasdaq-listed DeFi Development (DFDV) is expanding its Solana treasury strategy after raising its holdings to about 2.56 million SOL. The Block reported on Oct. 5 that DFDV purchased an additional 26,203 SOL since Sept. 28. That lifted its holdings o

Metaplanet Sells 10,000 Bitcoin in Third Quarter, Rebuys 11,000 to Raise Holdings to 44,000 BTC

Metaplanet, a Japan-based corporate Bitcoin treasury company, increased its holdings to 44,000 BTC after selling 10,000 Bitcoin in the third quarter and later buying back 11,000. The Block reported on October 5 that Metaplanet sold 10,000 Bitcoin in

Bitcoin Pulls Back to $86,000 After Nearing Eight-Month High

Bitcoin climbed to the brink of an eight-month high near $87,000 before giving back part of the advance and slipping back toward the $86,000 level. CoinDesk reported on October 5 that Bitcoin rose to about $86,950 in early Asian trading. That was rou

Zcash Activates NU7 on Testnet, Seeks to Cut Block Time to 25 Seconds Ahead of November Mainnet Rollout

Zcash has activated its next network upgrade, NU7, on testnet, entering the final testing phase ahead of a planned mainnet rollout in November. Cointelegraph reported on October 5 that block No. 4,465,026, the scheduled activation point for NU7, was

Bitcoin Spot Volume Recovers Modestly From July Low, but Stronger Demand Needed for New Highs

Bitcoin spot trading volume has gradually recovered since hitting a low in July, but stronger volume and demand will be needed for the cryptocurrency to challenge a fresh record high, according to an analysis. CryptoQuant contributor Darkfost wrote o

Ethereum Jumps 70% in Third Quarter Even as Order-Book Liquidity Shrinks to 35%-45% of Bitcoin's

Ethereum surged 70% in the third quarter, outpacing Bitcoin's gain, but exchange order-book liquidity shrank sharply from a year earlier. CoinDesk reported on October 5, citing a CoinGecko report, that Ethereum's median daily market depth from July 6

US Spot Bitcoin ETFs Draw $241 Million in Net Inflows Last Week, Extending Streak to Three Weeks

U.S. spot Bitcoin exchange-traded funds recorded $241 million in net inflows last week, extending their run of weekly inflows to three straight weeks. According to Wu Blockchain on Oct. 5, U.S. spot Bitcoin ETFs logged a combined $241 million in net

Kraken Parent Payward Partners With Singapore Gulf Bank for 24/7 Institutional Settlement

Payward, the parent company of global cryptocurrency exchange Kraken, has partnered with Singapore Gulf Bank to provide 24/7 real-time settlement services for institutional investors in Asia and the Gulf region. Wu Blockchain reported on October 5 th

BOJ Deputy Governor Says AI Demand Surge May Lift Inflation, Long-Term Yields and Neutral Rate

The Bank of Japan sees a surge in demand driven by expanding investment in artificial intelligence as pushing up prices and long-term interest rates, with potential implications for the neutral rate over time. Bloomberg reported on October 5 that BOJ

Binance to Tighten Rules on Brazilian Users’ Cross-Border Crypto Transfers From Nov. 1

Binance will require users in Brazil to provide the purpose of a transaction and counterparty information for cross-border crypto transfers starting Nov. 1. Wu Blockchain reported on Oct. 4 that Binance will introduce the verification process for Bra

Gold Rebounds to $4,150 an Ounce as US Hiring Slowdown Cuts Fed Rate-Hike Bets

Gold prices edged higher after last week’s sharp decline as signs of a slowdown in the US labor market reduced the likelihood of further interest-rate increases by the Federal Reserve. According to Bloomberg on Oct. 4, spot gold traded at $4,153.66 a

OKX, NYSE Parent ICE Seek US Tokenized Stock Trading Platform, Starting With 63 Shares

OKX and Intercontinental Exchange Inc., the parent of the New York Stock Exchange, are moving to launch a platform in the US for trading tokenized stocks. OKXICE LLC, a joint venture between OKX and ICE, has filed paperwork with the US Securities and

Former BOJ Board Member Says Japan No Longer Needs Stimulus, Sees Rate at 1.5% in December

Japan no longer needs to support demand through fiscal or monetary policy, and the Bank of Japan is poised to raise its benchmark interest rate again in December, according to a former BOJ board member. Asahi Noguchi, a Senshu University professor wh

Zcash Steps Up US Lobbying on CLARITY Act, Digital-Asset Tax Policy

The Zcash ecosystem, built around privacy-focused cryptocurrency ZEC, has begun formal lobbying efforts to expand its influence over digital-asset policymaking in the US Congress. Cointelegraph reported on Oct. 4 that Pretty Good Policy for Zcash, or

OpenAI's Altman Says World Must Accept Some AI Risk to Preserve Broad Public Access

OpenAI Chief Executive Officer Sam Altman said the world should accept some level of risk given the benefits artificial intelligence could bring, and that broad public access to the technology must be preserved. Reuters reported on October 4 that Alt

Bitcoin Up More Than 1% but ‘Monday Pullback’ Warning Emerges as TD Sequential Flashes Sell Signal

Bitcoin rose more than 1% on Sunday, but a short-term pullback warning has resurfaced amid a recently repeated pattern of Monday reversals and a technical sell signal. Crypto market analyst Ali Martinez wrote on October 4 that over the past month, Bi

Japan Adds Russian Crypto Exchange Garantex to Asset-Freeze Sanctions List

Japan has expanded its sanctions on Russia by adding Russian cryptocurrency exchange Garantex to its asset-freeze list. Cointelegraph reported on October 4 that Japan's Ministry of Foreign Affairs, Ministry of Finance and Ministry of Economy, Trade a

[Today’s Key Economic and Crypto Events] U.S. September Services PMI, ISM Non-Manufacturing Index Due

Today’s Key Economic Events ▶︎Oct. 5 (Mon.): △U.S. September Services PMI (9:45 a.m. U.S. time; 10:45 p.m. Korea time) △U.S. September ISM Non-Manufacturing PMI (10 a.m. U.S. time; 11 p.m. Korea time) △South Korea’s September foreign exchange reserve

Oil Rises After Houthis Claim Attack on Saudi Aramco Facilities; Brent at $103, WTI Near $92

International oil prices rose after Yemen's Iran-aligned Houthi rebels said they had attacked facilities operated by Saudi Aramco, the kingdom's state oil company. Reuters reported on October 4 that the Houthis said they launched ballistic missiles a

Musk Says SpaceXAI Will Be Renamed SpaceXSI After Trump Backs ‘Super Intelligence’ Term

Elon Musk, chief executive officer of SpaceX, said the company plans to rename its artificial intelligence unit from "SpaceXAI" to "SpaceXSI." Reuters reported on October 4 that Musk wrote on X, "Yes, we will make that change," in response to a post