Suehyeon Lee

Bitcoin Stuck in Five-Week Range With U.S. CPI Seen as Next Key Catalyst

Bitcoin has been stuck in a tight range for five weeks, with this week's U.S. consumer price index report emerging as the key variable for its next move. CoinDesk reported on August 11 that Bitcoin traded at about $63,500, down 0.6% from 24 hours ear

ENS Approves Overhaul, Transfers $65 Million Endowment and Protocol Revenue Oversight to Foundation

Ethereum Name Service is expanding and restructuring its foundation while revamping how the protocol is operated. ENS said on Aug. 11 it approved the “Next Era of ENS DAO” proposal through a governance vote and executed it on-chain. The measure passe

CFTC Invokes Emergency Powers to Block Halt to Kalshi Operations

The Commodity Futures Trading Commission invoked emergency powers to order prediction-market platform Kalshi to continue operating. Crypto news outlet The Block reported on Aug. 11 that the CFTC ordered Kalshi to remain open under federal regulations

CLARITY Act Passage Odds Drop to 25% Ahead of September Vote

Prospects for passage of the CLARITY Act, a U.S. digital-asset market structure bill, are growing increasingly uncertain. The Block reported on Aug. 11 that Senate Majority Leader John Thune delayed the cloture vote on the CLARITY Act until Sept. 15.

Bitcoin Whale Wallets Climb to Six-Month High as Big Holders Net Buy $1.5 Billion

On-chain data show large Bitcoin holders have quietly stepped up accumulation over the past eight weeks. CoinDesk reported on August 11 that on-chain analytics firm Santiment said the number of wallets holding more than 10,000 Bitcoin had risen to 90

US Spot Ether ETFs See $14.6 Million Net Outflow, Snapping Four-Day Inflow Streak

US spot Ether exchange-traded funds shifted to net outflows. Trader T data showed on August 11 that US spot Ether ETFs posted combined net outflows of $14.6 million a day earlier. The move ended a four-trading-day streak of net inflows. BlackRock's E

US Spot-Bitcoin ETFs See $144.6 Million of Net Outflows, Snapping Five-Day Inflow Streak

U.S. spot-Bitcoin exchange-traded funds swung to net outflows. Trader T data showed on August 11 that U.S. spot-Bitcoin ETFs posted combined net outflows of $144.6 million a day earlier. That ended a streak of net inflows over the previous five tradi

South Korea Tightens VASP Reviews, Expands Travel Rule to All Crypto Transfers

South Korea will tighten screening standards for virtual asset service providers, or VASPs, and expand the travel rule to all virtual-asset transfers. The Financial Intelligence Unit under the Financial Services Commission said on Aug. 11 that the Ca

South Korea’s Tax Agency Starts Drafting Crypto Tax Rules, Holds First Private Advisory Meeting Aug. 24

South Korea’s National Tax Service is beginning work in earnest on an administrative notice setting tax standards ahead of the planned January 2027 rollout of virtual-asset taxation. Edaily reported on Aug. 11 that the National Tax Service’s Digital

SK Hynix to Become Kioxia’s Largest Shareholder via 14.19% Stake in Bain Vehicle

SK Hynix is poised to become the largest shareholder of Japanese NAND flash maker Kioxia. Bloomberg reported on August 10 that Kioxia said BCPE Pangea Cayman2, an investment vehicle established by Bain Capital, became its largest shareholder with a 1

White House Official Says Administration Fully Committed to Passing CLARITY Act in September

The White House said it is fully committed to passing the CLARITY Act, a cryptocurrency market structure bill, next month. Watcher.Guru reported on Aug. 10 that Patrick Witt, executive director of the White House's digital assets council, said the ad

BitMine Buys 13,000 More Ether, Expanding Holdings to 5.81 Million ETH

BitMine, led by Tom Lee, has bought an additional 13,000 Ether. OnchainLens said on Aug. 10 that BitMine received about 13,000 ETH, worth roughly $24.39 million, from BitGo. The purchase increased BitMine's Ether holdings to about 5.81 million ETH, o

Gold Tops $4,400 an Ounce for First Time in Two Months Ahead of US CPI

International gold prices climbed above $4,400 an ounce for the first time in two months ahead of the release of U.S. consumer price index data. According to Bloomberg, spot gold rose as much as 0.7% on Aug. 10, touching $4,412.80 an ounce intraday,

Arthur Hayes Says Stronger Yen Policy Could Boost Dollar Liquidity, Spur Bitcoin Rally

BitMEX co-founder Arthur Hayes said coordinated efforts by the U.S. and Japan to strengthen the yen could expand dollar liquidity and help drive a rally in Bitcoin. In a Substack post titled "Yen-quake" published on August 10, Hayes wrote that Washin

SEC to Consider Tailored Offering Rules for Crypto Investment Contracts at Aug. 15 Meeting

The US Securities and Exchange Commission is set to discuss whether to introduce new offering rules for cryptocurrency-related investment contracts. Eleanor Terrett, host of Crypto in America, said the SEC will hold an open meeting at 10 a.m. Eastern

Anthropic Signs $9.1 Billion Cloud-Computing Deal With Bitcoin Miner Riot Platforms

Anthropic has signed a long-term cloud-computing supply agreement worth $9.1 billion with Riot Platforms, the Bitcoin miner. Bloomberg reported on Aug. 10 that Anthropic struck the deal with Riot. The contract runs through June 2048, or roughly 20 ye

Today's Key Economic and Cryptocurrency Events: US July Home Sales

Today's Key Economic Events ▶ Aug. 11 (Tue.): Australia interest-rate decision (1:30 p.m. Korea time, 2:30 p.m. in Australia) US July home sales (11 p.m. Korea time, 10 a.m. in the US) Today's Key Cryptocurrency Events ▶ Aug. 11 (Tue.): None

Bessent’s ‘Whatever Is Necessary’ Pledge on Yen Support Faces Skepticism Over US Firepower

U.S. Treasury Secretary Scott Bessent said he would do “whatever is necessary” to help Japan defend the yen, but markets are questioning how much capacity the Treasury actually has to intervene. Bloomberg reported on Aug. 10 that the yen traded above

Oil Rises for Third Day as Trump Adds Demands in Iran Talks

Oil rose for a third straight session as uncertainty grew over negotiations to reopen the Strait of Hormuz. West Texas Intermediate traded near $82 a barrel on August 10, according to Bloomberg. It jumped 5.1% in the previous session, while Brent set

Cleveland Fed’s Hammack Says One Rate Hike May Not Be Enough, Sees Scope for More

Beth Hammack, president of the Federal Reserve Bank of Cleveland, said more than one interest-rate increase may be needed to bring inflation back to the Federal Reserve’s 2% target. Hammack told Yahoo Finance on August 10 that a single 25-basis-point

Strategy CEO Says Firm Is Bitcoin’s ‘Central Bank,’ Holds $4.75 Billion in Cash

Strategy says it is moving beyond simply holding Bitcoin and shifting toward a digital finance platform, with ambitions to serve as the Bitcoin market’s “central bank.” In an interview with CoinDesk published on Aug. 10, Chief Executive Officer Phong

Trump Media Posts $360 Million First-Half Crypto Loss as Bitcoin Holdings Decline

Trump Media & Technology Group recorded a $360 million loss on cryptocurrency investments in the first half of the year. Its Bitcoin holdings also fell during the period. CoinDesk reported on August 10 that Trump Media said in a quarterly report file

Yen Is August’s Worst-Performing G-10 Currency as Joint Intervention Effect Fades

The yen has emerged as the weakest Group-of-10 currency in August as the impact of joint U.S.-Japan intervention in the foreign-exchange market fades. As of Aug. 10, the yen had fallen about 0.5% against the dollar this month, the worst return among

CryptoQuant’s Ki Young Ju Says CME Hedge Funds Turn Net Long Bitcoin Futures, Bet on Rally

Hedge funds trading on the Chicago Mercantile Exchange have turned net long on Bitcoin futures, a sign they are betting on further gains, according to CryptoQuant CEO Ki Young Ju. Ju wrote in a post on X on Aug. 10 that CME hedge funds had shifted to

Grayscale Withdraws SEC Filings for Cardano, Hedera, Polkadot Spot ETFs

Grayscale has withdrawn registration filings for spot exchange-traded funds tied to Cardano, Hedera and Polkadot. Wu Blockchain reported on Aug. 10 that Grayscale filed Form RW with the U.S. Securities and Exchange Commission on Aug. 7 to withdraw th

Quantum Hacking May Target Exchanges Before Satoshi Wallets, Report Says

If the so-called Q-Day arrives and quantum computers break current cryptography, wallets controlled by exchanges or stablecoin issuers could be targeted before the Bitcoin linked to Satoshi Nakamoto, Cointelegraph reported on August 10. Christopher S

US Spot Bitcoin, Ether ETFs Extend Inflow Streak to Five Weeks With $854 Million and $245 Million

US spot Bitcoin and Ether exchange-traded funds recorded net inflows for a fifth straight week. Wu Blockchain said on August 10 that US spot Bitcoin ETFs posted combined net inflows of $854 million last week, covering August 3 through August 7. Over

Kosdaq Jumps More Than 30% From July Low as Curbs on Chip Leverage ETFs Redirect Cash

Tighter rules on leveraged exchange-traded funds tied to South Korea’s large semiconductor stocks are pushing investor money into the Kosdaq market. Bloomberg reported on Aug. 10 that the Kosdaq Index rose as much as 6.8% intraday. The gauge has clim

BDACS, ZEKTO, LK Ventures Team Up to Pilot KRW1 Stablecoin Payments

BDACS, a digital-asset custody company, said Aug. 10 that it signed a memorandum of understanding with digital-asset payment solutions provider ZEKTO and LK Ventures, operator of the self-photo booth brand Life4Cuts, to build a payment system using a

South Korea Seeks to Ease Crypto Major-Shareholder Disqualification Rules for Minor Violations

South Korea’s Financial Services Commission is seeking to create exceptions that would let major shareholders of virtual-asset service providers avoid disqualification even if they receive criminal penalties for legal violations, when the penalties s