Suehyeon Lee

India USDT Shortage Deepens as Stablecoin Premium Tops 8.5%

A shortage of Tether’s USDT in India has pushed the local stablecoin premium above 8.5%. USDT traded as high as 102.88 rupees in India, the Economic Times reported on June 29. That was more than 8.5% above the dollar-rupee exchange rate’s June 27 clo

US Spot-Bitcoin ETFs See Record $4.06 Billion of June Outflows

US spot-Bitcoin exchange-traded funds have posted more than $4 billion of outflows this month, the largest monthly net withdrawal on record. CoinDesk reported on June 29 that US spot-Bitcoin ETFs have logged total net outflows of $4.06 billion so far

Dubai’s VARA Issues 50th Virtual-Asset License

Dubai’s Virtual Assets Regulatory Authority has issued its 50th virtual-asset service provider, or VASP, license. Cointelegraph reported on June 29 that VARA granted the new license to Tribe Tokenisation FZE, a tokenized-asset platform. The approval

US Spot-Bitcoin ETFs See Second-Biggest Weekly Outflow, Extend Streak to Seven Weeks

US spot-Bitcoin exchange-traded funds posted net outflows for a seventh straight week, underscoring weakening investor sentiment. Farside Investors data showed US spot-Bitcoin ETFs recorded net outflows of $1.79 billion in the week of June 22 to June

Kiwoom Securities Pushes Bithumb Stake Investment, With Focus on Possible Pre-IPO Deal

Kiwoom Securities Co. is pursuing an investment in domestic cryptocurrency exchange Bithumb, according to a local media report. Kiwoom Securities and Bithumb are discussing an investment through a third-party allotment of new shares, ChosunBiz report

Bithumb Becomes First South Korean Crypto Exchange to Win YouTube Silver Button

Bithumb said June 29 that it had become the first South Korean virtual-asset exchange to surpass 100,000 YouTube subscribers, earning the platform’s Silver Button creator award. The YouTube Silver Button is awarded to channels with at least 100,000 s

Hashed, vooy to Hold AI Agent Hackathon for Non-Developers

Hashed said June 29 that it will host "vooy Recipe Day," an AI agent hackathon for non-developers, with AI agent platform startup vooy. The event will run from 1 p.m. to 7 p.m. on July 4 at Hashed Lounge in Seoul's Gangnam district. Participants only

Arthur Hayes Buys $2.2 Million of Synapse’s SYN as Token Jumps 10-Fold in June

BitMEX co-founder Arthur Hayes has bought a large amount of Synapse’s SYN token. Lookonchain said on June 28 that Hayes purchased 6.16 million SYN about an hour earlier. The purchase was worth about $2.2 million. SYN is the native token of the cross-

Gold Falls Toward $4,000 an Ounce as US-Iran Tensions Ease

Gold fell as military tensions between the US and Iran eased. According to Bloomberg on June 28, spot gold dropped as much as 0.9% intraday to near $4,000 an ounce, giving back part of the 1.6% gain from June 27. The decline followed news that the US

Loopring to Shut Down DEX Service, Relayer

Loopring, an early Ethereum zero-knowledge, or zk-rollup, project, is shutting down its decentralized exchange service. Wu Blockchain reported on June 28 that Loopring announced the immediate suspension of DEX operations and the shutdown of its relay

EBA Proposes MiCA Fines of Up to 12.5% of Revenue for Significant Crypto Issuers

The European Banking Authority has proposed a penalty framework that would allow fines of as much as 12.5% of annual revenue for significant crypto-asset issuers that violate the Markets in Crypto-Assets regulation, or MiCA. Cointelegraph reported on

US Stock Futures Rise as Fears of Wider Iran Conflict Ease; Oil Rebounds

US stock-index futures rose after reports indicated the US and Iran may avoid a broader military conflict and return to negotiations. Bloomberg reported on June 28 that S&P 500 futures advanced in early Asian trading, while the dollar was little chan

Galaxy Digital CEO Says Bitcoin Selloff Is Driven by Strategy Trust Crisis, Sees Risk of Drop to $45,000

Galaxy Digital CEO Mike Novogratz said the recent drop in Bitcoin was driven primarily by eroding confidence surrounding Strategy. Wu Blockchain reported on June 28 that Novogratz said the latest decline in Bitcoin was being led by a breakdown in tru

BIS Says Stablecoins Fall Short of Money, Are Closer to ETFs

The Bank for International Settlements said stablecoins still do not meet the core requirements of money and are more akin to exchange-traded funds. In its 2026 annual report, cited by The Block on June 28, the BIS said stablecoins fall short on key

Solana’s Key Support Lies at $65-$71, Break Below Could Open Way to $53

Solana has built a strong support base in the $65-to-$71 range, and its upward trend remains intact as long as that zone holds, according to an analysis. Crypto analyst Ali Martinez wrote on June 28, citing UTXO Realized Price Distribution, or URPD,

Oil Rebounds as Renewed US-Iran Clash Stokes Fears of Hormuz Shipping Disruptions

International oil prices rose after military clashes between the US and Iran flared up again, heightening concerns over potential disruptions to crude shipments through the Strait of Hormuz. Bloomberg reported on June 28 that Brent futures climbed as

Richmond Fed's Barkin Says Inflation Still Too High, Backs Keeping Policy Restrictive

Thomas Barkin, president of the Federal Reserve Bank of Richmond, said inflation remains well above target and monetary policy should stay restrictive for now. Speaking at an event in Aspen, Colorado, on June 28, Barkin said "price growth is still to

Michael Saylor Hints at Another Bitcoin Purchase by Strategy

Michael Saylor, executive chairman of Strategy, posted a message signaling another possible Bitcoin purchase, fueling speculation that the company may add to its holdings again. The Block reported on June 28 that Saylor posted a chart of Strategy’s B

US, Iran Agree to Halt Attacks, Resume Hormuz Talks in Doha on June 30

The US and Iran have agreed to stop military attacks on each other and resume follow-up talks on the Strait of Hormuz. Axios reported on June 28 that the two sides agreed to halt all military action and will hold technical talks in Doha, Qatar, on Ju

This Week’s Key Economic and Crypto Events: Kevin Warsh Speech, US Jobs Data in Focus

This Week’s Key Economic Events ▶ June 29 (Mon.): △ No major events ▶ June 30 (Tue.): △ US April S&P/Case-Shiller Home Price Index (10 p.m. Korea time) △ US May JOLTS job openings report (11 p.m. Korea time) △ US June Conference Board consumer confid

Grayscale Says Strategy Would Better Restore Confidence by Selling More Than $3 Billion of Bitcoin

Grayscale said Strategy may do more to restore market confidence by selling more than $3 billion of Bitcoin to raise cash than by increasing dividend payouts. Wu Blockchain reported on June 28 that Zach Pandl, Grayscale's head of research, said a 50-

Bitcoin Selloff Flashes Capitulation Signal as Bear-Market Bottom Nears

Bitcoin is beginning to flash signs of a bear-market bottom as loss-cutting sales surge among investors, Cointelegraph reported on June 28, citing CryptoQuant analysis. CryptoQuant contributor Darkfost wrote that Bitcoin unspent transaction output, o

Base Says Same Sequencer Bug Caused Mainnet Outages, No Funds Affected

Coinbase's Layer 2 network Base said the same sequencer bug caused the mainnet outages on June 25 and June 26. Wu Blockchain reported on June 28 that both service disruptions stemmed from the same block production bug. The June 25 outage lasted about

Tether Broadens Tether Gold Use as Ledn Adds XAUT for Collateralized Loans

Tether is expanding the use of its gold-backed token, Tether Gold, as it pushes into the digital gold-collateralized lending market. CoinDesk reported on June 28 that crypto lending platform Ledn will add Tether Gold, or XAUT, as a supported asset. L

Coinbase, OKX Court Binance Users as EU Service Cuts Open Door

Coinbase and OKX are offering sign-up bonuses and deposit incentives to lure users affected by Binance's pullback in the European Union. CoinDesk reported on June 27 that Coinbase Chief Executive Officer Brian Armstrong announced a sign-up promotion

EMURGO Starts Recovery for Hacked SecondFi Wallet, Targets Asset Returns Within Two Weeks

EMURGO, a core development company in the Cardano ecosystem, has begun restoring assets for users of wallet service SecondFi after a recent hack stole about $2.4 million of ADA. The Block reported on June 27 that EMURGO Chief Executive Officer Philli

BlackRock Bitcoin ETF Investors Face 40% Average Loss as Outflows Stretch to Seven Weeks

Investors in BlackRock’s spot Bitcoin exchange-traded fund are sitting on an average unrealized loss of about 40%, according to an analysis cited by The Block. The Block reported on June 27 that Bespoke Investment Group estimated the average return f

SharpLink Gaming Buys Additional $46.7 Million of Ether

SharpLink Gaming has expanded its Ether holdings with an additional purchase. Onchain Lens said on June 27 that SharpLink Gaming recently bought 29,196 ETH worth about $46.7 million. The company has purchased a total of 39,196 ETH over the past three

Trump Warns Iran May Face More Military Action, Says Islamic Republic Could Cease to Exist

President Donald Trump accused Iran of violating a ceasefire agreement and warned that the US may take further military action. In a June 27 post on Truth Social, Trump said US aircraft struck Iranian missile and drone storage facilities, as well as

Bitcoin Breaks Below $60,000 as ETF Outflows, Stronger Dollar Weigh on Sentiment [Lee Su-hyun’s Coin Radar]

<Lee Su-hyun’s Coin Radar> is a weekly column that tracks moves in the digital-asset market and explains the forces behind them. It goes beyond price action to examine global macro developments and investor behavior, offering a broader read on market