Suehyeon Lee

Whale Sells Another 1,019 Bitcoin, Bringing Three-Week Total to 7,513 BTC

A major Bitcoin holder has sold more than 1,000 additional tokens. On-chain analytics platform Lookonchain said on Aug. 9 that the whale sold another 1,019 Bitcoin worth about $66.4 million around seven hours earlier. The whale has offloaded a total

BOJ Minutes Show Hawkish Shift as Some Members See Faster Rate Hikes

Hawkish views have surfaced inside the Bank of Japan, with some policymakers indicating the pace of benchmark rate hikes could exceed market expectations. Bloomberg reported on August 9 that a summary of opinions from the BOJ's July 30-31 monetary po

Bitcoin BIP-110 Fork Chain All But Stalls After Two Blocks

A fork of the Bitcoin network that enforces the BIP-110 rule has all but stalled after producing just two blocks, and is rapidly falling further behind the main chain. Cointelegraph reported on August 9 that the BIP-110 chain stopped progressing at b

Gold Extends Rally as Weak US Jobs Data Temper Rate-Hike Fears

Gold extended its gains as signs of a cooling US labor market eased concern over further interest-rate increases and weakened the dollar. Spot gold traded near $4,345 an ounce on August 9, Bloomberg reported. Bullion surged more than 7% last week, it

CLARITY Act Senate Push Hits Roadblock as US Regional Banks Win Crypto Lobbying Fight

Opposition from US regional banks has slowed Senate consideration of the CLARITY Act, a digital-asset market structure bill, in what was described as the crypto industry's biggest political setback in the past two years. On August 9, Punchbowl News r

Former US Defense Secretary Calls CLARITY Act a National Security Bill, Urges Swift Senate Passage

Former US Defense Secretary Mark Esper urged Congress to swiftly pass the CLARITY Act, arguing that the digital-asset regulatory bill is also a matter of national security. Cointelegraph reported on August 9 that Esper made the case in a Financial Ti

Kosdaq Surges More Than 4%, Triggering Buy-Side Sidecar

Ruling Party Lawmaker Proposes 3-Year Delay to South Korea Crypto Tax, Seeks 2030 Start

South Korea’s ruling People Power Party plans to submit a bill to delay taxation on virtual-asset income, currently set to take effect next year. MBN reported on August 10 that Rep. Jeong Seong-guk of the People Power Party will introduce an amendmen

Analysis: Bitcoin Whale Inflows to Binance Stay High as Market Tests $65,000 Support

Bitcoin was trading near $65,000 as large-holder inflows to Binance remained elevated, according to a CryptoQuant analysis. On Aug. 9, CryptoQuant contributor Xwin Japan wrote that Binance's Exchange Whale Ratio was holding at about 0.5 based on on-c

Oil Extends Rally Above $84 as Hormuz Reopening Talks Drag On

Oil extended its gains as delays in talks to reopen the Strait of Hormuz and rising tensions in the Middle East continued to support prices. Brent crude has climbed more than 5% over the past three trading sessions and was trading above $84 a barrel

Strategy CEO Says Bitcoin Proved Resilient Despite Sales, Hack and Senate Delay on CLARITY Act

Phong Le, chief executive officer of Strategy, underscored Bitcoin's resilience. In a post on X on Aug. 9, Le wrote that "Bitcoin has once again proven its resilience amid Strategy's sales, security threats, delays in the U.S. Senate's consideration

Hyperliquid Volume Hits Record as Revenue Drops 43%, Buybacks Cut in Half

Hyperliquid, a decentralized derivatives exchange, is posting record trading activity even as platform revenue shrinks sharply. CoinDesk reported on Aug. 9 that Hyperliquid’s open interest rose above $11 billion on July 13, the highest level this yea

Brazil to Require 24-Hour Hold on Crypto Withdrawals Above $10,000

Brazil's central bank will require a 24-hour hold on certain cryptocurrency withdrawals above $10,000 as part of efforts to combat money laundering and financial fraud. The Block reported on August 9 that the Banco Central do Brasil has issued a rule

US-Japan Yen Intervention Revives Bitcoin Fears of Carry-Trade Unwind

The yen’s sharp rebound after a joint foreign-exchange intervention by the US and Japan has revived concern in the Bitcoin market over a potential unwind of yen carry trades. Japanese Finance Minister Katayama said in a statement on Aug. 3 that autho

Meta Discloses AI Test Breach, Third Such Case After Anthropic and OpenAI

Meta disclosed that one of its artificial intelligence models gained unauthorized access to an external system during testing. Cointelegraph reported on August 6 that Meta said its AI model Muse Spark 1.1, released in July, accessed an external syste

San Francisco Fed’s Daly Says Rates May Need to Rise More Aggressively if Inflation Broadens

Mary Daly, president of the Federal Reserve Bank of San Francisco, warned that the Federal Reserve may need to raise interest rates more aggressively if inflation spreads more broadly across the economy. Speaking at an event in Tokyo, Daly said she f

Won Hits 10-Month High as Exporters Step Up Dollar Sales

The South Korean won rose to its strongest level in about 10 months, lifted by an influx of dollar sales from exporters. Bloomberg reported on August 6 that the won-dollar exchange rate fell to as low as 1,414.55 per dollar in intraday trading, its l

Ark Invest Buys $17.3 Million of Circle Stock, Adds SpaceX Shares After Earnings

Ark Invest, the investment firm led by Cathie Wood, bought large stakes in stablecoin issuer Circle and SpaceX shares. The Block reported on August 6 that Ark Invest bought 273,343 Circle shares a day earlier through the Ark Innovation ETF (ARKK), Ar

US Spot Ether ETFs Post $60.8 Million of Inflows for Second Straight Session

US spot Ether exchange-traded funds recorded more than $60 million in net inflows. Farside Investors data showed on August 6 that US spot Ether ETFs took in a combined $60.8 million on the previous day, extending net inflows to a second consecutive t

US Spot-Bitcoin ETFs See $244.4 Million of Net Inflows for a Third Straight Session

US spot-Bitcoin exchange-traded funds posted net inflows for a third consecutive trading session. Farside Investors data released on August 6 showed US spot-Bitcoin ETFs recorded combined net inflows of $244.4 million in the previous session. BlackRo

South Korea to Tighten Asset Reviews for Senior Officials, Broaden Disclosures on Single-Stock ETFs

South Korea will tighten reviews of cryptocurrency and unlisted stock holdings by senior public officials and require fuller disclosure of single-stock exchange-traded fund positions. The Ministry of Personnel Management briefed President Lee Jae-myu

Putin Signs Crypto Law, Giving Russia First Comprehensive Market Rules

Russia has put in place its first comprehensive regulatory framework for the cryptocurrency market after President Vladimir Putin signed a law governing the broader digital-asset sector. The Block reported on August 5 that Putin signed the legislatio

Block Q2 Bitcoin Gross Profit Falls 31% on Lower Cash App Fees

Jack Dorsey-led fintech company Block reported a 31% decline in second-quarter gross profit from its Bitcoin business as lower transaction fees and weaker trading volume weighed on results. According to The Block on August 5, revenue from Block’s Bit

Bitcoin, Ether, XRP Whale Buying Signals Bear Market’s Late Stage, CryptoQuant Says

Bitcoin, Ether and XRP whales are increasing their holdings, pointing to a late-stage bear market, according to CryptoQuant. The crypto analytics firm said in a recent report, cited by The Block on August 5, that large holders across Bitcoin, Ether a

KOSPI Triggers Sell Sidecar

Bessent’s Push to Expand FIMA Repo Puts Focus on Key Tool for Japan’s Yen Defense

After a joint US-Japan foreign-exchange intervention, market attention has shifted to the Federal Reserve’s Foreign and International Monetary Authorities Repo Facility, or FIMA repo, after Treasury Secretary Scott Bessent publicly urged its expansio

South Korea to Classify Seized, Donated Bitcoin as State Assets and Auction Them Promptly

South Korea plans to legally classify virtual assets such as Bitcoin acquired through criminal asset forfeiture or donations as state assets and, in principle, auction them off immediately after taking possession. The government unveiled the plan on

Today’s Key Economic and Crypto Events: US Jobless Claims, Q2 Productivity Data

Today’s Key Economic Events ▶ Aug. 6 (Thursday): US preliminary second-quarter nonfarm productivity and unit labor costs at 9:30 p.m. Korea Standard Time; US initial jobless claims at 9:30 p.m. Korea Standard Time; US June wholesale inventories at 11

Bitcoin Stalls at $64,000 as Analysts See Slow Bottom Formation

Bitcoin remained stuck near $64,000 with little sign of a breakout, as multiple market research firms said the cryptocurrency may be forming a bottom through seller exhaustion rather than a sharp washout. The Block reported on August 5 that Bitcoin w

Oil Extends Drop as Iran, Oman Near Deal on Strait of Hormuz Bypass Route

Oil prices extended their decline as Iran and Oman moved closer to an agreement on a shipping route bypassing the Strait of Hormuz. According to Bloomberg on August 5, West Texas Intermediate traded around $75 a barrel. Brent had settled above $79 a