Suehyeon Lee

US Spot Ether ETFs Turn to Net Outflows, Lose $32.9 Million

US spot Ether exchange-traded funds turned to net outflows on July 30, with money leaving the products again. Farside Investors data showed US spot Ether ETFs posted total net outflows of $32.9 million that day. That ended a two-session streak of net

US Spot Bitcoin ETFs Log $32.1 Million Inflow, Ending Four-Day Outflow Streak

U.S. spot Bitcoin exchange-traded funds returned to net inflows. Data from Trader T showed U.S. spot Bitcoin ETFs recorded net inflows of $32.1 million on July 29, ending a four-day streak of net outflows. BlackRock's IBIT led the inflows with $89.8

South Korean Ruling Party Proposes Bill to Freeze Crypto Accounts Tied to Suspected Crime

South Korea is seeking to let financial authorities swiftly freeze cryptocurrency exchange accounts suspected of being used to transfer illegal assets. Fifteen lawmakers from the ruling People Power Party, including Kim Sang-hoon, on July 28 proposed

NHN Steps Up Blockchain Push, Weighs Korean Won Stablecoin Business

NHN has identified blockchain, Web3 and digital assets as core new business areas and is drawing up a group-wide strategy that includes a potential Korean won stablecoin business. ZDNet Korea reported on July 30 that NHN set up a new business office

US Completes Retaliatory Airstrikes on Iran, Hitting Dozens of IRGC Sites

The US military carried out large-scale strikes on dozens of Islamic Revolutionary Guard Corps, or IRGC, facilities inside Iran in response to what it described as an attempted Iranian ballistic missile attack on American forces stationed in the Midd

Japan Cuts Fiscal 2026 Growth Forecast to 0.9% From 1.3% on Middle East Oil Price Pressure

Japan's government lowered its economic growth forecast for this fiscal year, saying higher global oil prices driven by rising tensions in the Middle East will weigh on domestic demand. Bloomberg reported on July 29 that Japan's Cabinet Office cut it

Gold Touches $4,100 After Fed Holds Rates Despite Hike Concerns

Gold rose after the Federal Reserve held interest rates steady, briefly touching $4,100 an ounce. According to Bloomberg, spot gold climbed as much as 0.8% on July 29 to reach $4,100 an ounce. The metal had already gained 0.9% a day earlier. The Fed

US Resumes Airstrikes on Iran, Citing Attempted Attack on Troops

The US military said it resumed airstrikes on Iran after what it described as an attempted Iranian attack on American forces stationed in the Middle East. US Central Command said on its official X account on July 29 that US forces began strikes on Ir

Oil Holds Above $84 After Trump Signals More Strikes on Iran, US Crude Stockpiles Slide

Oil held above $84 a barrel after surging nearly 7% in the previous session, supported by President Donald Trump’s warning of additional strikes on Iran and a drop in US crude inventories. West Texas Intermediate traded above $84 a barrel on July 29

Today’s Key Economic and Crypto Events: Fed Rate Decision

Today’s Key Economic Events ▶ July 30 (Thursday): Fed rate decision (3 a.m. Korea time); Federal Open Market Committee statement (3 a.m. Korea time); EU preliminary GDP reading (6 p.m. Korea time); Bank of England rate decision (8 p.m. Korea time); U

US Lawmakers Reach Ethics Compromise on CLARITY Act, Offering Potential Path to Senate Vote

Republican and Democratic negotiators have reached a new compromise on the ethics provision for senior government officials, the main sticking point in the CLARITY Act, a US crypto market structure bill. CoinDesk reported on July 29 that people famil

Block Backs CLARITY Act, Urges Full Senate Consideration

Block Inc. has formally backed the CLARITY Act, a digital-asset market structure bill in the US. Bitcoin Magazine reported on July 29 that Block, in a letter to the US Senate, said it "strongly supports the CLARITY Act" and "respectfully urges the Se

Robinhood Posts Record $1.31 Billion in Q2 Revenue as Prediction-Market Sales Jump More Than 10-Fold

Robinhood posted record second-quarter revenue, led by sharp growth in its prediction-market business centered on event contracts. Wu Blockchain reported on July 29 that Robinhood's second-quarter net revenue rose 32% from a year earlier to a record

Binance.US Plans CFTC License Filing Next Month to Launch Prediction Market

Binance.US plans to apply for a U.S. Commodity Futures Trading Commission license next month as it seeks to launch its own prediction market. Bloomberg reported on July 29 that Chief Executive Officer Stephen Gregory announced the plan at the Rare Ev

Bitcoin Holds Above $63,000 Despite Asian Stock Rout, Showing Signs of Break From AI Shares

Bitcoin held above $63,000 even as Asian stocks and artificial intelligence-related shares plunged, in a sign that the cryptocurrency may be breaking from its recent pattern of moving in tandem with tech equities. CoinDesk reported that Bitcoin trade

Selini Capital-Linked Wallet Deposits $26.8 Million of HYPE to OKX in Possible Institutional Selling Move

A wallet believed to be linked to Selini Capital deposited about $26.8 million worth of Hyperliquid's HYPE token into crypto exchange OKX. On-chain analytics platform Lookonchain said on July 29 that the wallet transferred 495,473 HYPE to OKX over th

Ten European Financial Institutions Launch RL1 Blockchain Cooperative

Ten major European financial institutions have launched a jointly owned blockchain cooperative and started operations. Cointelegraph reported on July 28 that Regulated Layer One, or RL1, was formally established in Luxembourg as a European cooperativ

US Spot Ether ETFs Draw $9.4 Million for Second Straight Session of Inflows

U.S. spot Ether exchange-traded funds extended their inflow streak to two trading sessions. Farside Investors data showed U.S. spot Ether ETFs recorded net inflows of $9.4 million in the previous session. BlackRock's staking ETF ETHB led with $5.9 mi

US Spot-Bitcoin ETFs See $49.7 Million in Outflows for Fourth Straight Session

US spot-Bitcoin exchange-traded funds extended their run of net outflows. Farside Investors data showed on July 29 that US spot-Bitcoin ETFs posted combined net outflows of $49.7 million in the previous session. That was the fourth consecutive tradin

South Korea to Start Crypto Tax Next Year as Planned, Finance Chief Says

South Korea will implement taxation on virtual assets, including cryptocurrencies, next year as scheduled without another postponement, Deputy Prime Minister and Finance Minister Koo Yun-cheol said. Koo made the remarks at a full meeting of the Natio

South Korea Parliamentary Committee Urges Caution on Repealing Crypto Tax

South Korea’s National Assembly said any move to repeal taxation on virtual assets, or digital assets, should be approached cautiously because of the potential impact on confidence in tax policy and on markets. Digital Asset reported on July 29 that

Kospi Slumps More Than 4%, Triggering Sell Sidecar for Second Straight Session

The Kospi slumped more than 4%, prompting the Korea Exchange to trigger a sell sidecar for a second straight trading day.

Solana’s $73.75 Support Is a Key Pivot, With Risk of Drop to $60

Solana could fall to as low as $60 if it fails to hold support at $73.75, as additional selling pressure may build, crypto analyst Ali Martinez said. On July 28, Martinez said $73.75 is a critical level for determining Solana’s next move. More than 5

Strategy Pauses Bitcoin Purchases in Tactical Lull, Not Strategic Shift: Analysis

Strategy has paused Bitcoin purchases, but that does not mark a change in its long-term accumulation strategy, according to a CryptoQuant analysis. CryptoQuant contributor XWIN Japan wrote on July 28 that Strategy did not buy additional Bitcoin betwe

US, Saudi Forces Launch Joint Airstrikes in Iraq Against Iran-Backed Militias

US and Saudi forces carried out joint airstrikes in Iraq targeting Iran-backed militias that attacked US troops and Saudi energy facilities. US Central Command said on July 28 that US and Saudi forces conducted precision strikes in eastern Iraq again

TradeXYZ to Compensate Users for Liquidation Losses After SK Hynix Price Plunge

TradeXYZ, a perpetual futures trading platform on Hyperliquid (HYPE), will compensate users for liquidation losses triggered by a sharp drop in SK Hynix's price. TradeXYZ said July 28 that SK Hynix's mark price fell to $917.25 from $1,127.90 at 11:01

Kosdaq Reverses Lower in Intraday Trading, Falls Below 700

Bill to Abolish Crypto Tax Referred to South Korean Parliamentary Committee

A bill from South Korea's opposition bloc to abolish taxes on virtual assets, or cryptocurrencies, has been referred to a National Assembly standing committee, setting up broader debate between ruling and opposition parties over whether the tax shoul

Galaxy Digital, MARA Buy Texas Land to Expand AI, Bitcoin Infrastructure

Galaxy Digital and MARA Holdings have each bought large tracts of land in Texas as they expand infrastructure for artificial intelligence, high-performance computing and Bitcoin mining. Cointelegraph reported on July 28 that Galaxy Digital had acquir

[Today’s Key Economic and Crypto Events] U.S. Crude Oil Inventories

Today’s Key Economic Events ▶ Wednesday, July 29: U.S. crude oil inventories (11:30 p.m. Korea Standard Time) Today’s Key Cryptocurrency Events ▶ Wednesday, July 29: None