Suehyeon Lee

Trump Announces Launch of ‘Super Intelligence Task Force’ to Preserve US Global Leadership

President Donald Trump announced the launch of the government-wide Super Intelligence Task Force, or SIF, aimed at strengthening US global leadership in artificial intelligence superintelligence. In a Truth Social post on October 4, Trump said he was

Trump Expands Cash-Payment Pledges Ahead of Midterms, Promising $90 for Seniors and Repeating $5,000 per Adult if Republicans Win

President Donald Trump, ahead of the midterm elections, announced a plan to send $90 to seniors and repeated his earlier pledge to give every adult $5,000 if Republicans win. The Wall Street Journal reported on October 4 that Trump wrote in a Truth S

SEC Approves Listing of 3x Leveraged Bitcoin and Ether Products

The U.S. Securities and Exchange Commission has approved the listing of leveraged products designed to deliver three times the daily move in Bitcoin and Ether futures prices. Bitcoin.com reported on Oct. 4 that the SEC approved a proposed rule change

Hassett Says Powell Should Leave Fed Board as HQ Renovation Dispute Reignites

Kevin Hassett, director of the White House National Economic Council and President Donald Trump’s top economic adviser, publicly called for former Federal Reserve Chair Jerome Powell to step down from the Fed’s Board of Governors. Bloomberg reported

Russia Finance Ministry Makes First Salary Payments in Digital Rubles

Russia's Finance Ministry has made its first salary payments in digital rubles to some employees. Cointelegraph reported on October 4 that the ministry said in a statement that some employees have been receiving wages in the central bank digital curr

El Salvador Secures Additional $138 Million From IMF, Says No Further Bitcoin Purchases Planned

El Salvador is set to receive about $138 million in additional funding from the International Monetary Fund despite falling short of some performance targets. Cointelegraph reported on October 4 that the IMF's Executive Board completed the second and

Yen Weakens Into 158s Against Dollar as BOJ Rate-Hike Expectations Recede

The yen weakened against the dollar after the Bank of Japan’s summary of opinions from its September monetary policy meeting was seen as less hawkish than markets had expected. Bloomberg reported on Oct. 1 that the yen fell as much as 0.5% to 158.21

Global Crop Prices Surge Most Since 2022, Stoking Fears of Renewed Inflation

Global agricultural prices have posted their biggest jump since Russia's 2022 invasion of Ukraine, fueling concern that inflation pressures could build again, especially through food costs. Bloomberg reported on October 1 that the Bloomberg Agricultu

Binance Faces EU Regulatory Probe Over Use of MiCA Exemption

Binance, the world’s largest cryptocurrency exchange, is facing a regulatory probe over its use of an exemption under the European Union’s Markets in Crypto-Assets regulation, or MiCA, to serve some European clients. Ublockchain reported on October 1

US Spot Ether ETFs See $59.58 Million in Net Outflows for Second Straight Trading Day

US spot Ether exchange-traded funds extended their run of net outflows. Trader T data released on Oct. 1 showed US spot Ether ETFs posted combined net outflows of $59.58 million in the previous session. It was the second straight trading day of net w

US Spot Bitcoin ETFs See $148.69 Million in Net Outflows, First Outflow in 10 Trading Days

U.S. spot Bitcoin exchange-traded funds posted more than $100 million in net outflows in a single day. Data from Trader T on October 1 showed total net outflows from U.S. spot Bitcoin ETFs reached $148.69 million the previous day, marking the first n

South Korea Proposes $72,000 Annual Cap on Retail OTC Token Securities Purchases, Effective Feb. 4

South Korea’s financial authorities have proposed capping retail investors’ annual net purchases on each over-the-counter token securities platform at 100 million won ($72,000) ahead of the market’s formal launch. Yonhap Infomax reported on Oct. 1 th

Bithumb Ranks No. 1 in KCSI Crypto Exchange Category for Second Straight Year

Bithumb said on October 1 that it ranked first in the virtual asset exchange category within the finance sector in the 2026 Korean Customer Satisfaction Index, or KCSI, survey hosted by Korea Management Association Consulting. The exchange extended i

Bank of Korea Sets Up Digital Currency Advisory Panel to Gather Views on CBDC, Deposit Tokens

The Bank of Korea has set up a separate advisory committee to gather external views on digital-currency policy, including central bank digital currency, or CBDC, and deposit tokens. The Fact reported on October 1 that the BOK recently formed the Digi

MetaMask Withdraws Ethereum Validators After Security Incident, Says Wallet Faces No Immediate Threat

MetaMask is proactively withdrawing staking validators after a security incident affected parts of its infrastructure. Cointelegraph reported on October 30 that MetaMask is responding to the threat internally while working with external partners and

Dunamu Unveils Global On-Chain Finance Blueprint at KBW 2026, Aiming to Build Infrastructure Linking Korea and the World

Dunamu, the operator of Upbit, said on Oct. 1 that it had presented its business direction and technology and service strategy for building global on-chain financial infrastructure at Korea Blockchain Week 2026, or KBW 2026. A presenting partner of K

Korea Investment & Securities, Kakao Group Team Up on Digital-Asset Issuance, Distribution and Wallet Infrastructure

Korea Investment & Securities said on October 1 that it will work with Kakao Group to develop financial services spanning digital-asset issuance and distribution, as well as infrastructure including electronic wallets. Korea Investment & Securities s

Standard Chartered Sees Ethena’s USDe Supply Reaching $40 Billion by 2028, Starts ENA at $2 Target

Standard Chartered projects that Ethena’s stablecoin USDe will expand eightfold from current levels to reach $40 billion by the end of 2028. Cointelegraph reported on October 30 that the bank, in a recent report, initiated coverage of Ethena’s native

CFTC Seeks to Include Event Contracts in Swap Definition to Clarify Prediction-Market Jurisdiction

The U.S. Commodity Futures Trading Commission is moving to clarify the definition of a swap as it remains locked in a jurisdictional dispute with state gambling regulators over prediction markets. Bloomberg reported on October 30 that the Office of I

US Court Orders Pair in Crypto, Precious-Metals Investment Fraud to Pay More Than $30 Million

A federal court in Florida ordered two people accused of participating in a cryptocurrency and precious-metals investment fraud that harmed more than 9,000 investors to pay more than $30 million in restitution and penalties. The Commodity Futures Tra

DogeOS Launches Public Testnet to Bring EVM Smart Contracts to Dogecoin

DogeOS, an application layer aimed at expanding the Dogecoin ecosystem with smart contracts and decentralized applications, has launched a public testnet. The Block reported on October 30 that DogeOS unveiled a public testnet built on a zero-knowledg

Kospi Falls 0.7% on First Trading Day of October as Foreign, Institutional Selling Weighs

The Kospi fell to the 6,790 range early on the first trading day of October as foreign and institutional investors sold shares in tandem. As of 9:26 a.m. on Oct. 1, the Kospi was down 46.22 points, or 0.71%, at 6,793.38 from the previous session. On

Oil Holds Steady With WTI Near $90 as Middle East Supply Recovers

Oil prices paused around $90 a barrel as Middle East crude supply recovered to near prewar levels, with uncertainty over whether the rebound can be sustained keeping the market in a holding pattern. Bloomberg reported on October 30 that West Texas In

[Today’s Key Economic and Crypto Events] US September S&P Global Manufacturing PMI Due

<Today’s Key Economic Events> ▶︎ Oct. 1 (Thu.): △ U.S. weekly jobless claims (10:30 p.m. Korea Standard Time) △ U.S. September S&P Global Manufacturing PMI (10:45 p.m. Korea Standard Time) △ September ISM Manufacturing PMI (11 p.m. Korea Standard Tim

Kalshi Nears Funding at $40 Billion Valuation, Targets IPO Next Year

US prediction-market platform Kalshi is nearing the close of a new funding round that would value the company at about $40 billion, and it may pursue an initial public offering as soon as next year. Bloomberg reported on September 30 that Kalshi is i

Base Completes Cobalt Upgrade, Adds Compliance Tools for Tokenized Assets

Base, the Ethereum layer-2 network, has completed Cobalt, its third major upgrade, strengthening its infrastructure for tokenized finance. Cointelegraph reported on October 30 that Base activated the Cobalt upgrade and added a feature to its B20 toke

Softer-Than-Expected US PCE Eases October Rate-Hike Pressure, Giving Bitcoin Breathing Room

A softer-than-expected reading in the Federal Reserve’s preferred inflation gauge could create a more supportive backdrop for risk assets such as Bitcoin. The Block reported on October 30 that the US personal consumption expenditures price index rose

Winklevoss Twins Pour $2.9 Million Into Ohio Senate Race in Anti-Brown Crypto Push

Crypto billionaires Tyler and Cameron Winklevoss spent more than $2.9 million on advertising in a single day in Ohio's U.S. Senate race, aiming to unseat Democrat Sherrod Brown. Bloomberg reported on October 30 that the Digital Freedom Fund, a super

Trump Says Powell Should Quit Fed Board Immediately Over Headquarters Renovation Cost Overruns

President Donald Trump called on former Federal Reserve Chair Jerome Powell to resign from the Fed’s Board of Governors, citing soaring costs for the central bank’s headquarters renovation project. Bloomberg reported on October 30 that Trump, in a po

Crypto Market Jumps 11% After CLARITY Act Stalls; Bitwise Says Regulatory Burden Eased

The crypto market has continued to rally even after the CLARITY Act, a U.S. market-structure bill for digital assets, stalled in the Senate, prompting analysis that the market benefited from avoiding some of the regulatory burdens embedded in the leg