Suehyeon Lee

Gold Steadies Near $4,370 After Fed Rate Hike as Investors Watch Inflation, Oil

Gold steadied near $4,370 an ounce after the Federal Reserve’s first interest-rate increase in more than three years, as investors assessed the prospects for further tightening and monitored inflation trends. Bloomberg reported on September 20 that s

Apple, Google Hire for Stablecoin Roles as They Explore New Payments and Finance Businesses

Apple and Google are seeking candidates with expertise in stablecoins and tokenized deposits for finance and payments roles, a sign the companies are evaluating financial infrastructure and new business opportunities tied to digital assets. Digital A

Gemini Space Station Shares Plunge 80% Since Listing, Fueling Takeover Talk

Shares of crypto platform Gemini Space Station (GEMI), founded by the Winklevoss twins, have plunged about 80% since its listing, fueling speculation that it could emerge as an acquisition target for buyers seeking its regulatory licenses and custody

Kospi Reclaims 7,000 in Early Trade on Foreign, Institutional Buying; Samsung Electronics Jumps More Than 3%

South Korea’s Kospi opened higher on buying by foreign and institutional investors and briefly reclaimed the 7,000 mark in early trading. As of 9:07 a.m. on September 21, the Kospi was up 96.31 points, or 1.40%, at 6,990.54 from the previous session.

Bessent Says US-China AI, Trade Talks ‘Very Successful’ Ahead of Trump-Xi Summit

US Treasury Secretary Scott Bessent called high-level talks between the US and China "very successful" ahead of a summit between President Donald Trump and Chinese President Xi Jinping. Bloomberg reported on September 20 that Bessent made the remarks

Ethereum Reclaims $2,700 for First Time Since Late January

Visa Moves to Reclassify Memecoin Card Purchases as Crypto Transactions, Curbing Rewards Perks

Visa is moving to stop the practice of classifying credit-card purchases of memecoins as "digital media" transactions and instead apply the same standards used for other cryptocurrency trades, The Block reported. On September 20, Visa told Crossmint

SEC Tokenized-Stock Trial Raises Prospects for Coinbase, Robinhood and Circle

Coinbase, Robinhood and Circle are being cited as key potential beneficiaries after the U.S. Securities and Exchange Commission moved ahead with a regulatory trial allowing tokenized stocks to trade on public blockchains. CoinDesk reported on Septemb

Oil Steady Amid Middle East Supply Fears, With Brent Near $104

International oil prices were little changed, snapping a three-day slide as the prospect of diplomatic talks between the US and Iran countered concerns over supply disruptions in the Middle East. Bloomberg reported on September 20 that Brent crude tr

[Today’s Key Economic and Crypto Events] Japan Stock Market Closed

Today’s Key Economic Events ▶ Monday, September 21: Japan’s stock market closed Today’s Key Cryptocurrency Events ▶ Monday, September 21: No major events

ZetaChain to Shut Down Its Blockchain, Migrate to Solana After Vote Wins 99.4% Support

Layer-1 blockchain ZetaChain has decided to shut down its own network and migrate its artificial intelligence application Anuma and the ZETA token to Solana. The Block reported on September 20 that the ZetaChain community approved governance proposal

Ethereum Breaks Above $2,560, Holds Support; Next Target $2,760

Ethereum (ETH) has raised the prospect of further gains after breaking above $2,560 and confirming that level as support. Crypto analyst Ali Martinez wrote on X on September 20 that Ethereum’s breakout had been confirmed. After moving above $2,560, i

Crypto Industry Pressure Repeatedly Undid Bipartisan Deals, Helping Sink CLARITY Act in Senate

A U.S. market-structure bill for the cryptocurrency industry, the CLARITY Act, was derailed in the Senate in part because sustained pressure from the crypto sector repeatedly unraveled bipartisan agreements, according to a report. Punchbowl News repo

IMF Says Global Public Debt at Record High, Governments Falling Short on Deficit Cuts

The International Monetary Fund urged governments to accelerate efforts to reduce fiscal deficits and debt as global public debt has climbed to a record high. Bloomberg reported on September 20 that IMF Managing Director Kristalina Georgieva, speakin

U.S. Treasury Investors Flock to 2-Year Notes as Yields Near 4.75%, Seen Overpricing Further Fed Tightening

Investors are hunting for buying opportunities in short-dated U.S. Treasuries after the two-year yield surged to around 4.75%, a multi-year high, on expectations of further Federal Reserve rate increases. Bloomberg reported on September 20 that inves

US, China Open High-Level Talks in New York Ahead of Trump-Xi Summit

The US and China have opened high-level talks aimed at coordinating on major issues ahead of a summit between President Donald Trump and President Xi Jinping, including an extension of their trade truce, artificial intelligence and the war in Iran. B

Minneapolis Fed's Kashkari Says US Inflation Is Spreading Beyond Oil Across Economy

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said inflation pressures in the US are spreading beyond the oil-price shock stemming from the Iran war and into the broader economy, including services, underscoring the need to res

UK FCA Finalizes Crypto Authorization Criteria, to Start Applications on Sept. 30

The U.K. Financial Conduct Authority has published final guidance setting out authorization criteria for crypto-asset firms ahead of the rollout of a new regulatory regime. Cointelegraph reported on Sept. 17 that the FCA issued guidance detailing whe

Goldman Sachs Turns to Forecast of October Fed Rate Hike; Bitcoin Holds Near $76,000

Goldman Sachs has reversed its earlier forecast that the Federal Reserve would pause after a September rate increase and now expects another hike in October. CoinDesk reported on September 17 that Goldman Sachs projects the Fed will raise its benchma

Bitcoin Holds Above $76,000 After Fed’s First Rate Increase in Three Years as Spot Buying Provides Support

Bitcoin held above $76,000 after the Federal Reserve raised its benchmark interest rate for the first time in three years, showing a relatively muted reaction to the decision. Cointelegraph reported on Sept. 17 that Bitcoin was trading at $76,663 at

Ethereum Whales Accumulate, Withdraw 5,195 ETH From Exchanges

Ethereum whales withdrew a combined 5,195 ETH from major cryptocurrency exchanges, in a move suggesting accumulation. On-chain analytics platform Lookonchain said on Sept. 17 that a newly created wallet, "0xC2f1," withdrew 2,695 ETH from Gemini about

Police Book 26 South Korean Polymarket Users as Cumulative Bets Reach $12.7 Million

Police have booked 26 South Korean users of overseas crypto-based prediction market platform Polymarket, with their cumulative wagers totaling about $12.7 million. According to a Sept. 17 report by Asia Economy, an analysis of data the Korean Nationa

US Spot Ether ETFs Post $224.1 Million in Outflows for Second Straight Trading Day

US spot Ether exchange-traded funds recorded net outflows for a second straight trading day, with more than $200 million leaving the products in a single session. Farside Investors data released on Sept. 17 showed US spot Ether ETFs posted total dail

US Spot Bitcoin ETFs Extend Outflows to Second Day With $295.9 Million Exit

More than $200 million flowed out of US spot Bitcoin exchange-traded funds, extending a stretch of net redemptions. Farside Investors data released on Sept. 17 showed US spot Bitcoin ETFs recorded total daily net outflows of $295.9 million the previo

OpenAI Introduces Framework to Track, Disclose AI Misalignment Failures

OpenAI has introduced a new framework to systematically track and disclose cases of artificial intelligence misalignment, or instances in which AI behaves in ways that diverge from human intent. Bloomberg reported on September 16 that OpenAI had form

South Korea Needs Incentives for Domestic Crypto Exchanges Ahead of January Tax Rollout, Report Says

South Korea should create policy incentives to encourage investors to use domestic exchanges ahead of the introduction of taxes on virtual-asset income in January, while also building an automated tax calculation and filing system linked to those pla

Trump Orders Canadian Goods Excluded From U.S. Government Procurement, Escalating Trade Tensions

Trade tensions between the U.S. and Canada are flaring again after President Donald Trump directed federal agencies to exclude Canadian-made products from government procurement. Bloomberg reported on September 16 that Trump signed a presidential mem

Gold Extends Weakness Near $4,270 as Fed Signals More Rate Hikes

Gold remained under pressure after the Federal Reserve raised interest rates for the first time in three years and signaled it may lift them again later this year. According to Bloomberg, spot gold rose 0.2% to $4,273.82 an ounce as of 7:52 a.m. in S

Yen Resumes Decline After Hawkish Fed Hike; Dollar Could Hit 160 if BOJ Disappoints

The yen resumed its slide after a hawkish interest-rate increase by the Federal Reserve, turning market attention to the Bank of Japan's policy decision on September 18 and any signal on further tightening. Bloomberg reported on September 16 that the

Seven Democratic Senators Signal Willingness to Resume Bipartisan Talks on CLARITY Act

After an initial effort to advance the CLARITY Act in the U.S. Senate fell short, seven Democratic senators said they are willing to resume bipartisan negotiations aimed at passing the bill. Eleanor Terrett, host of Crypto in America, reported on Sep