Suehyeon Lee

White House Reviews CFTC Prediction-Market Rules Amid Jurisdiction Clash With States

The White House is reviewing two rule proposals submitted by the Commodity Futures Trading Commission as a fight over federal authority in prediction markets intensifies. Crypto-focused media outlet The Block reported on October 30 that the CFTC sent

US Spot Ethereum ETFs Extend Inflow Streak to Seven Sessions With $17.1 Million Added

US spot Ethereum exchange-traded funds recorded more than $17 million in net inflows. According to Farside Investors, US spot Ethereum ETFs posted combined net inflows of $17.1 million on September 28, extending their streak to seven consecutive trad

US Spot Bitcoin ETFs Draw $31 Million, Extend Inflow Streak to Eight Sessions

US spot Bitcoin exchange-traded funds continued to attract net inflows. Farside Investors data showed that US spot Bitcoin ETFs recorded combined net inflows of $31 million on September 28, extending their inflow streak to eight consecutive trading s

South Korea’s FSC Seeks BOK, Finance Ministry Participation in Won Stablecoin Legislation Through Interagency Consultative Body

South Korea’s Financial Services Commission is seeking to create a policy consultative body involving the Bank of Korea and the finance ministry as it moves to institutionalize won-denominated stablecoins. According to News1 on Sept. 29, Yoo Won-kyu,

South Korea’s New Leap Fund Doesn’t Check Crypto Holdings, Leaving Blind Spot in Repayment Screening

South Korea’s New Leap Fund, a government program that writes off long-overdue debt, does not review whether applicants hold virtual assets, raising concern that borrowers with the means to repay could still receive debt relief. The issue was reporte

Japan Finance Minister Calls Yen Undervaluation a Problem, Vows Continued U.S. Coordination on FX Stability

Japan reiterated its concern over the yen's weakness and said it will continue working closely with the United States to promote stability in foreign-exchange markets. Bloomberg reported on September 29 that Japanese Finance Minister Satsuki Katayama

EastPoint: Seoul 2026 Draws More Than 600 Global Digital-Asset Leaders, Wraps Up in Seoul

EastPoint: Seoul 2026, a private Web3 conference attended by more than 600 key figures from the global digital-asset industry and financial sector, concluded on September 28 at the Westin Seoul Parnas in Seoul's Gangnam district. The event was co-hos

Strategy’s 3,568 Bitcoin Transfer Was a Fidelity Internal Move, Not a Sale

A transfer of 3,568 Bitcoin linked to Strategy to an external wallet was a routine internal movement within Fidelity Custody, not a sale. On-chain analyst Emmet Gallek of Arkham said on Sept. 28 that the transaction involving Strategy’s Bitcoin was “

Iran Resends Hormuz Reopening Proposal to US, Rules Out Nuclear Talks

Iran has again sent the U.S. a proposal through Qatar to reopen the Strait of Hormuz, while reaffirming that it will make no concessions on its nuclear program. Iranian Foreign Minister Abbas Araghchi, in New York for the 81st session of the United N

Han Dong-hoon Calls for at Least Two-Year Delay to Crypto Tax, Says Overseas Trading Data Must Come First

Former People Power Party leader Han Dong-hoon said South Korea should postpone a planned tax on virtual assets, due to take effect next year, by at least two years. In a Facebook post on September 29, Han urged the government to move quickly on a de

Kakao Seeks to Bring Won Stablecoins to Everyday Payments, Proposes Industry Partnership

Kakao Group is pushing a joint business initiative with financial institutions and companies to enable the use of won-denominated stablecoins in everyday activities such as remittances and payments. Kakao Group said on Sept. 29 that it unveiled its w

Strategy Moves 3,568 Bitcoin to External Wallets as Possible Sale Draws Scrutiny

Strategy, the world's largest publicly traded corporate holder of Bitcoin, has moved about $297 million worth of the cryptocurrency to external wallets, fueling scrutiny over a possible sale. On-chain analytics firm Lookonchain said on September 28 t

Bitcoin Falls Below $83,000

Trump to Host White House Lunch With Nvidia, Anthropic CEOs on AI Safety

President Donald Trump will meet executives from major artificial intelligence companies including Nvidia and Anthropic to discuss AI safety. Bloomberg reported on September 28 that Trump and House Speaker Mike Johnson are set to host a lunch on Sept

Bitcoin Falls Below $84,000 Despite Spot ETF Inflows as Profit-Taking Weighs

Bitcoin rose about 4% last week on inflows into spot exchange-traded funds, but slipped below $84,000 as profit-taking selling emerged. As of 9:45 a.m. on September 29 in Korea, Bitcoin was trading at $83,472 on Binance's USDT market, down 1.66% from

Bitget Gradually Resumes Withdrawals After $388 Million Hack, Targets Full Recovery by Oct. 2

Crypto exchange Bitget has begun gradually resuming withdrawals after suspending the service following a roughly $388 million hack. The Block reported on Sept. 28 that Bitget resumed Bitcoin withdrawals at 8 a.m. UTC on the Bitcoin and BNB Smart Chai

[Today’s Key Economic and Crypto Events] US August JOLTS Report Due

<Today’s Key Economic Events> ▶︎ Sept. 29 (Tue): △ US July S&P/Case-Shiller Home Price Index (11 p.m. Korea Standard Time) △ US August Job Openings and Labor Turnover Survey, or JOLTS (midnight Korea Standard Time on Sept. 30) △ US September Conferen

OpenAI Scraps GPT-6.1 Astra Launch After Safety Tests Uncover Risks

OpenAI has scrapped plans to release a next-generation artificial intelligence model after safety testing uncovered problems. Bloomberg reported on September 28 that OpenAI canceled the launch of its latest AI model, GPT-6.1 Astra, which had been sch

Blockchain.com Seeks US Listing This Year, Targets Up to $500 Million at $4 Billion to $6 Billion Valuation

Blockchain.com is pursuing a U.S. stock market listing this year that could raise as much as $500 million. Bloomberg reported on September 28 that Blockchain.com is aiming to raise about $500 million through an initial public offering and achieve a v

Oil Rises for Second Day as Uncertainty Over US-Iran Talks Pushes WTI Above $93

Uncertainty surrounding U.S.-Iran negotiations to end the conflict kept international oil prices rising for a second straight day. Bloomberg reported on September 28 that West Texas Intermediate climbed for a second session and moved above $93 a barr

Strive Buys 1,107 More Bitcoin, Bringing Holdings to 27,462

Strive, a U.S. Bitcoin investment firm, bought 1,107 more Bitcoin for about $94.5 million. According to a filing submitted to the U.S. Securities and Exchange Commission on September 28, the company bought the Bitcoin between September 21 and Septemb

Strategy Buys 1,665 More Bitcoin, Raising Holdings to 847,666 BTC

Strategy, the largest publicly traded corporate holder of Bitcoin, bought 1,665 more tokens for about $142.7 million. According to a filing submitted to the US Securities and Exchange Commission on September 28, the company bought the Bitcoin between

U.S. Senate Democrats Say Tether Helped Iran Evade Sanctions, Urge Probe of AML Duties

A U.S. Senate investigation has raised allegations that Tether’s USDT was widely used to help Iran evade sanctions and finance terrorism. The Block reported on September 28 that Democratic staff on the Senate Permanent Subcommittee on Investigations,

LG CNS Says Wallets Will Be Core Financial Channel in Digital-Asset Era, Calls for On-Chain Interoperability at EastPoint: Seoul 2026

South Korean financial institutions need to build wallet-centered service strategies and secure interoperability for on-chain finance as the country prepares to formalize digital-asset regulations. That was the message from a panel at EastPoint: Seou

This Week’s Key Economic and Crypto Events: U.S. August PCE Inflation, GDP and Jobs Data

This Week’s Key Economic Events ▶︎Sept. 28 (Mon.): △Federal Reserve Vice Chair for Supervision Michelle Bowman speaks (10:15 p.m. Korea time) △U.S. September Dallas Fed manufacturing index (12:30 a.m. Korea time on Sept. 29) △Fed Governor Lisa Cook s

Iran Holds to Terms for Reopening Hormuz, Awaits Formal US Reply

Iran said it will maintain its existing conditions for reopening the Strait of Hormuz despite U.S. President Donald Trump’s rejection of the proposal, and will await a formal response from Washington. Bloomberg reported on September 27 that Iranian F

U.S. Spot Solana ETFs Draw Record Weekly Inflows of $188.21 Million Since Launch

U.S. spot Solana exchange-traded funds recorded their largest weekly net inflow since launch. Solana’s official X account said on September 27 that U.S. spot Solana ETFs took in a combined $188.21 million in net inflows last week, from September 21 t

About 4 Bitcoin Linked to Bitget Hack Moved to CoinJoin Service

About 4 Bitcoin linked to the Bitget hack appears to have been funneled into a CoinJoin service that makes transactions harder to trace. Wu Blockchain reported on September 27 that blockchain analytics firm AMLBot had confirmed that some funds believ

OpenAI, Anthropic Investigate Tens of Thousands of AI Misbehavior Cases as Safety Concerns Grow

OpenAI and Anthropic are investigating tens of thousands of instances of abnormal behavior by their artificial intelligence models, heightening concerns about whether advanced AI systems can be kept under control. Axios reported on September 27, citi

South Korea’s Excess Tax Revenue May Top $36 Billion This Year, Future Response Fund Seen Exceeding $154 Billion

South Korea’s excess tax revenue this year is projected to exceed 50 trillion won ($36.2 billion), driven in part by higher corporate tax receipts as the semiconductor industry recovers. That would lift the Future Response Fund, which the government