Suehyeon Lee

Metaplanet Sends 1,000 Bitcoin to Coinbase Prime, Prompting Sale Speculation

Metaplanet, the Japanese corporate Bitcoin treasury company, transferred an additional 1,000 Bitcoin worth about $79.77 million to Coinbase Prime, prompting speculation that it may be preparing to sell. On-chain analytics platform Lookonchain said on

US Spot Ether ETFs Take In $115.6 Million, Extending Inflow Streak to Six Sessions

US spot Ether exchange-traded funds extended their streak of net inflows after drawing more than $100 million the previous day. Farside Investors data published on Aug. 25 showed US spot Ether ETFs recorded total daily net inflows of $115.6 million a

US Spot-Bitcoin ETFs Draw $337.6 Million, Extend Inflow Streak to Six Sessions

US spot-Bitcoin exchange-traded funds extended their run of net inflows, attracting more than $300 million in a single day. Farside Investors data released on August 25 showed US spot-Bitcoin ETFs recorded total net inflows of $337.6 million in the p

Bitcoin Reclaims $80,000 as ETF Inflows, US Treasury Buybacks Drive Rally

Bitcoin rose back above $80,000 for the first time in about three months, helped by inflows into spot exchange-traded funds and an expansion of US Treasury buybacks, according to market watchers. Cointelegraph reported on Aug. 25 that Bitcoin climbed

Crypto Exchange Volume Doubles in Five Days as ETF, DEX Growth Limits Recovery

Trading volume on centralized crypto exchanges doubled in five days as digital-asset prices surged, but the rebound remains limited compared with past bull markets as demand is spread across spot exchange-traded funds and decentralized exchanges. The

Bitcoin Reclaims $80,000 for First Time Since May

Bitcoin extended its rally, reclaiming the $80,000 level for the first time since May. As of 11:21 a.m. Korea time on August 25, Bitcoin was trading at $80,864.39 on Binance's USDT market, up 4.31% from a day earlier. It has surged 29% over the past

Coinbase Launches Tokenized US Stocks on Base With Chainlink Price Feeds

Coinbase has officially launched tokenized US stock trading on its Base layer-2 blockchain. Cointelegraph reported on August 24 that Coinbase began offering tokenized shares of major US-listed companies including Nvidia, Apple, Meta and Alphabet for

Arthur Hayes Says Bitcoin Has Entered New Bull Market as US Treasury Buybacks Boost Liquidity

Bitcoin stands to benefit first as expanded long-dated US Treasury buybacks add dollar liquidity to the financial system, according to Arthur Hayes. In a Substack post titled "Same Same But Different" published on Aug. 24, the BitMEX co-founder wrote

Canada Plans Loans, Expanded Unemployment Aid to Counter US 50% Tariffs, Weighs Retaliation

Canada is preparing support measures including loans for affected businesses and expanded unemployment benefits in response to the US decision to impose 50% tariffs. Bloomberg reported on Aug. 24 that Finance Minister François-Philippe Champagne and

US Threat of Iran Secondary Sanctions Raises Risk of Clash With China, Buyer of 90% of Iranian Oil

The risk of an economic clash between the US and China has emerged as Washington signals it could impose secondary sanctions on countries that continue doing business with Iran. Bloomberg reported on Aug. 24 that US Treasury Secretary Scott Bessent s

Gold Nears Three-Month High After 7% Four-Day Rally on US Treasury Buyback Expansion

Gold climbed for a fourth straight trading day after the US Treasury expanded its intervention in the long-term bond market, leaving bullion near its highest level in three months. Spot gold rose 0.5% to $4,676.92 an ounce as of 7:45 a.m. in Singapor

XRP Jumps 53%, but Spot Market Stays Muted as Leverage Overheats

XRP has rallied more than 50% in recent days, but the advance was driven mainly by short covering and leverage rather than spot demand, according to an analysis. CryptoQuant contributor CryptoOnchain wrote on Aug. 24 that XRP closed at $1.520 on Aug.

[Today’s Key Economic and Crypto Events] BOJ Core CPI, US ADP Employment Report Due Aug. 25

Today’s Key Economic Events ▶ Aug. 25 (Tuesday): Bank of Japan (BOJ) core CPI (2 p.m. Korea time, 12 a.m. US time); US ADP weekly employment change report (9:15 p.m. Korea time, 7:15 a.m. US time); US August Conference Board consumer confidence index

Fidelity Allows Ethereum, Solana ETFs to Stake Up to 100% of Holdings, With 85% of Rewards Going to Funds

Fidelity has set up a structure that allows its Ethereum and Solana exchange-traded products to stake as much as 100% of their crypto holdings. CryptoSlate reported on Aug. 24 that the Fidelity Ethereum Fund (FETH) and Fidelity Solana Fund (FSOL) can

Standard Chartered Becomes First Bank to Distribute Hong Kong-Regulated Stablecoin HKDAP

Standard Chartered has become the first bank to distribute HKDAP, a stablecoin approved by regulators in Hong Kong. Wu Blockchain reported on August 24 that Standard Chartered has begun offering HKDAP, issued by Anchorpoint Financial, to eligible ins

Oil Extends Decline Despite Tougher US Sanctions on Iran, WTI Near $85

Oil extended its decline even after the US tightened economic sanctions on Iran. According to Bloomberg on Aug. 24, West Texas Intermediate traded near $85 a barrel after dropping more than 2% in the previous session. Brent settled that session at ar

Bernstein Keeps $140 Target on Circle, Says USDC Has Entered New Growth Cycle

Bernstein reiterated its bullish view on stablecoin issuer Circle and maintained its $140 price target, saying a rebound in USDC supply signals a new growth phase. Cointelegraph reported on Aug. 24 that Bernstein, in a research note published that da

Dollar Rises Most in Two Weeks After Bessent Threatens to Cut Iran Off From Dollar System

The dollar posted its biggest gain in two weeks after US Treasury Secretary Scott Bessent said Washington would move to cut Iran off from the global financial system. The Bloomberg Dollar Spot Index rose about 0.2% on Aug. 24, according to Bloomberg.

Pimco Says Long-Term Treasuries Are Attractive, Would Buy More if Yields Rise

Pimco, the global bond manager, said current long-term Treasury yields offer an attractive buying opportunity and that it would add to positions if yields rise further. Mark Seidner, Pimco’s chief investment officer for non-traditional strategies, an

Tether CEO Says USDT Use Is Spreading in Developing Economies as Dollar Substitute

Use of Tether's dollar-pegged stablecoin USDT is expanding across developing economies including Venezuela and Argentina, Wu Blockchain reported. Tether Chief Executive Officer Paolo Ardoino said on Aug. 23 that USDT adoption is rising in Venezuela,

Bitcoin Steadies Above $77,000 After 20% Weekly Jump as Markets Await Warsh’s Jackson Hole Speech

Bitcoin paused above $77,000 after surging more than 20% last week, with traders awaiting Kevin Warsh’s speech at Jackson Hole later this week for signals on the Federal Reserve’s rate path. CoinDesk reported on Aug. 24 that Bitcoin traded little cha

Ledger Patches Ethereum App Signing Flaw, Says Users on Latest Version Are Protected

Ledger has patched a security flaw affecting part of the signing process in its Ethereum app. Wu Blockchain reported on August 24 that Ledger Chief Technology Officer Charles Guillemet said the company's security research team, Ledger Donjon, found t

Dollar Bears Add to Bets as Treasury Yield Push Accelerates Hedge Fund Selling

Hedge funds are ramping up bets against the dollar as the U.S. Treasury steps up efforts to lower long-term borrowing costs. Bloomberg reported on Aug. 24 that hedge funds have been adding to short-dollar positions ahead of additional fiscal measures

US Spot Bitcoin ETFs Attract $1.918 Billion in Weekly Inflows; Ether Funds Near $700 Million

US spot Bitcoin exchange-traded funds drew about $1.9 billion in net inflows last week. Wu Blockchain reported on Aug. 23 that US spot Bitcoin ETFs posted total net inflows of $1.918 billion during the week of Aug. 17 to Aug. 21. The inflows extended

Long-Term Treasury Selloff Hinges on Warsh’s Jackson Hole Message

A surge in long-term US Treasury yields has put Federal Reserve Chair Kevin Warsh’s Jackson Hole speech at the center of the bond market outlook. Bloomberg reported on Aug. 23 that the 30-year Treasury yield recently climbed as high as its highest le

Dunamu Pushes Back on Nasdaq Listing Speculation, Says No Market Has Been Chosen

Dunamu, the operator of crypto exchange Upbit, pushed back on speculation over a potential US Nasdaq listing, saying no such plan has been finalized. Asia Economy reported on Aug. 24 that Dunamu recently asked EY Hanyoung about differences between Ko

Oil Falls Ahead of US Move on Record Iran Sanctions; WTI Drops 1.3%

Oil prices fell as markets awaited a US announcement of what officials have described as the largest-ever round of economic sanctions targeting Iran. CNBC reported on August 23 that West Texas Intermediate futures dropped about 1.3% from the previous

Gold Near Three-Month High as US Treasury Buybacks Stoke Dollar Concerns

Gold climbed to its highest level in three months as the US government's expanded intervention in the long-term Treasury market deepened concerns about dollar weakness. Spot gold rose 0.4% to $4,619.17 an ounce as of 7:53 a.m. Singapore time on Augus

Bitcoin Jumps 23% in a Week, Breaks Above 200-Day Moving Average for First Time in Nine Months

Bitcoin has surged more than 23% over the past week, reclaiming the $77,000 range. Analysts say swelling US government debt and Treasury policy have helped push money into cryptocurrencies and precious metals. Cointelegraph reported on Aug. 23 that B

Bitcoin Reclaims Short-Term Holder Cost Basis, Exits Capitulation Phase

Bitcoin has exited a capitulation phase and entered a transition period after reclaiming the average cost basis of short-term holders, according to a CryptoQuant analysis. CryptoQuant contributor Crazzyblockk wrote on Aug. 24 that Bitcoin climbed fro