Suehyeon Lee

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

Bitcoin Faces Volatility Test as $10 Billion of Options Near Expiry

About $10 billion of Bitcoin options are due to expire on June 27, a setup that could fuel market volatility. Bloomberg reported on June 25 that roughly $10 billion of Bitcoin options contracts on Deribit, the world’s largest crypto options exchange,

Bitcoin Briefly Falls Below $60,000 as ETF Outflows, Strong Dollar Stoke Risk of Deeper Slump

Bitcoin briefly fell below $60,000, with outflows from U.S. spot exchange-traded funds and a stronger dollar fueling concern that the downturn could deepen into a prolonged bear market. CoinDesk reported on June 25 that Bitcoin dropped as low as $59,

Abracadabra’s MIM Stablecoin Breaks Dollar Peg by About 50% as Project Launches Emergency Measures

Abracadabra’s Magic Internet Money, or MIM, fell to less than half of its $1 peg, prompting the decentralized-finance project to roll out emergency measures. Cointelegraph reported on June 25 that Abracadabra said in a post on its official X account

US Spot Ether ETFs See $30.21 Million in Net Outflows for Fifth Straight Session

US spot Ether exchange-traded funds recorded more than $30 million in net outflows in a single day. Data from Trader T on June 25 showed US spot Ether ETFs posted total net outflows of $30.21 million the previous day, extending their streak of net wi

US Spot-Bitcoin ETFs Post $469 Million of Net Outflows, Extending Streak to Five Days

US spot-Bitcoin exchange-traded funds extended their stretch of net outflows. Data from Trader T on June 25 showed the funds recorded combined net outflows of $469.05 million a day earlier. That marked a fifth consecutive trading day of net redemptio

Coinbase Secures MiCA License in Luxembourg, Expanding Services Across EU's 27 Member States

Coinbase, the largest US cryptocurrency exchange, is stepping up its expansion in Europe after obtaining a Markets in Crypto-Assets, or MiCA, license from Luxembourg's financial regulator. Wu Blockchain reported on June 24 that Coinbase received the

WSJ Reports Iran Used Funds Tied to North Korea’s Bybit Hack Through CoinEx to Evade Sanctions

The Central Bank of Iran appears to have used crypto assets stolen by a North Korean hacking group and laundered them through a Chinese-linked exchange, according to a Wall Street Journal report. The Journal reported on June 24, citing blockchain ana

Travel Wallet Starts IPO Preparations, Expands Digital Wallet and B2B Payments Businesses

Global foreign-exchange payments fintech company Travel Wallet said June 25 that it had selected NH Investment & Securities Co. and KB Securities Co. as lead managers for its initial public offering, formally launching preparations for a 2027 Kosdaq

Ripple, SBI Launch Dollar Stablecoin RLUSD in Japan

Ripple said June 25 that it launched its dollar-backed stablecoin Ripple USD, or RLUSD, in Japan with SBI Holdings and subsidiary SBI VC Trade. The rollout followed approval from Japan’s Financial Services Agency. RLUSD has been recognized as an elec

Dunamu Launches US Spot ETF Flow Tracker on Upbit Data Lab

Dunamu said June 25 that it launched a new "Spot ETF Trends" service on Upbit Data Lab that lets users track fund flows into U.S. spot Bitcoin and Ether exchange-traded funds. The service is the first in South Korea to offer key supply-and-demand ind

Bithumb Named Outstanding Call Center in 2026 KSQI Survey

Bithumb said June 25 that it was named an "Outstanding Call Center in Korea" in the 2026 Korean Service Quality Index, or KSQI, survey conducted by Korea Management Association Consulting. KSQI is a service-quality index that comprehensively assesses

June 25 Economic, Crypto Calendar: US May PCE Due

Today’s Key Economic Events ▶ June 25 (Thursday): US weekly initial jobless claims (9:30 p.m. Korea time); US May durable goods orders (9:30 p.m. Korea time); final reading of US first-quarter GDP growth (9:30 p.m. Korea time); US May personal consum

Bitcoin Mining Profitability Worsens as Price Stays Below Production Cost for Five Months

Bitcoin mining profitability is deteriorating rapidly as the price of Bitcoin remains below production costs for an extended period, The Block reported on June 24. Bitcoin miners' daily revenue has fallen to about $30 million on a seven-day moving av

US House Panel Debates Direct Fed Payment Access for Crypto, Fintech Firms

The House Financial Services Committee held a hearing on whether crypto and fintech firms should be allowed direct access to the Federal Reserve's payment system. The Block reported on June 24 that the hearing centered on whether the Fed should allow

Bitcoin Falls Below $60,000 as Whale Selling Intensifies, Santiment Says

Bitcoin fell below $60,000 for the first time since October 2024, with heavy selling by whale investors adding to the decline, according to an analysis. On June 24, on-chain analytics firm Santiment said Bitcoin's market price had dropped below $60,0

Lummis Says Clarity Act Already Covers Dimon’s Banking Concerns

Sen. Cynthia Lummis pushed back on JPMorgan Chase CEO Jamie Dimon’s criticism of the Clarity Act. In a post on X on June 24, Lummis told Dimon to “sit on the beach over the Fourth of July holiday and read the bill himself.” The concerns he raised are

BOJ Signals More Rate Hikes After Raising Benchmark Rate to Highest Since 1995

The Bank of Japan signaled it may raise interest rates further after lifting its benchmark rate to the highest level since 1995. Bloomberg reported on June 24 that, in a summary of opinions from its June 15-16 monetary policy meeting, the BOJ said so

Ki Young Ju Says Strategy’s Bitcoin Buying Is Absorbing Liquidity, Not Lifting Prices

Ki Young Ju, chief executive officer of CryptoQuant, said Strategy’s Bitcoin buying strategy is acting less as a catalyst for price gains than as a drain on market liquidity. In a post on X on June 24, Ju wrote that Strategy’s current Bitcoin purchas

Trump Orders DOJ Probe of Refiners Over High Gasoline Prices

President Donald Trump said gasoline prices have not fallen enough despite a drop in global crude prices and that he has directed the Justice Department to open an investigation into refiners. In a Truth Social post on June 24, Trump wrote that major

Upbit Ranks No. 1 Globally in Polygon Staking by Delegated Volume

Dunamu said on June 24 that its digital-asset service Upbit Staking ranked first globally on the Polygon (POL) network by delegated staking volume. Validator Info, a digital-asset staking data platform, showed Upbit Staking held the largest staking v

US Spot Ether ETFs See $82.18 Million of Net Outflows, Extending Streak to Four Sessions

US spot Ether exchange-traded funds extended their net outflow streak to four consecutive trading sessions. Data compiled by Trader T showed US spot Ether ETFs recorded combined net outflows of $82.18 million on June 23. The outflows were driven main

US Spot-Bitcoin ETFs Post $113.79 Million of Net Outflows for Fourth Straight Session

US spot-Bitcoin exchange-traded funds recorded net outflows for a fourth straight trading session. Data compiled by Trader T showed the US spot-Bitcoin ETF market posted total net outflows of $113.79 million on June 23. BlackRock’s IBIT accounted for

Trump Says Senate War Powers Vote Hampered Iran Negotiations

President Donald Trump criticized a Senate vote on the War Powers Act, saying it made negotiations with Iran more difficult. In a Truth Social post on June 23, Trump wrote that Iran had been prepared to give up “virtually everything” and, for the fir

Pro-Crypto Democrat Adrian Boafo Wins Maryland Primary to Succeed Hoyer

Adrian Boafo, a pro-crypto Democrat, won the Democratic primary in Maryland’s 5th Congressional District. Eleanor Terrett, host of CryptoAmerica, reported on June 23 that Boafo secured the nomination in the race to succeed Representative Steny Hoyer,

BOK Warns Stronger Crypto-Stock Linkage Could Raise Financial Stability Risks

The Bank of Korea warned that growing linkages between the cryptocurrency market and equities could increase financial stability risks if institutional participation expands. In its Financial Stability Report for the first half of 2026, released on J

Cardano Project SecondFi Says Hack Losses May Exceed $20 Million

SecondFi, a project in the Cardano ecosystem, said a recent security breach stemmed from a flaw in its proprietary wallet-generation software, with one analysis suggesting total losses may exceed $20 million. Wu Blockchain reported on June 23 that Se

[Analysis] Bitcoin Bear-Market Bottom May Be Approaching as Investors Misread Global Liquidity, 10x Research Says

Investors are misreading a global liquidity indicator closely tracked by Bitcoin market participants, while the cryptocurrency may actually be nearing a bear-market bottom, according to 10x Research. In a recent report dated June 23, 10x Research sai

Kyobo Life Completes Test of Korean Won Stablecoin System for Premium Payments, Claim Payouts

Kyobo Life Insurance said on June 24 that it had confirmed the technical feasibility of using a Korean won stablecoin to collect insurance premiums and pay claims. The company recently shared the results of a proof-of-concept for a Korean won stablec