Suehyeon Lee

OpenAI in Early Talks for Fresh Funding at Valuation Above $1.2 Trillion Ahead of IPO

OpenAI, the developer of ChatGPT, is in early talks to raise fresh funding at a valuation of more than $1.2 trillion, Bloomberg reported on Sept. 15. The company is discussing a new financing plan with investors. The talks were initiated by investors

Bessent Says Global Issues Behind Treasury Yield Surge as US 10-Year Tops 5%, Highest Since 2007

US Treasury Secretary Scott Bessent said global factors were the main force behind the recent surge in Treasury yields. Bessent made the remarks to reporters before appearing at a House Financial Services Committee hearing on September 15, Reuters re

Nvidia CEO Huang Says No New AI Rules Are Needed, Arguing Markets Can Protect Safety and Innovation

Nvidia Chief Executive Officer Jensen Huang said new laws or regulations are not needed for artificial intelligence safety, arguing that market self-discipline can ensure both safety and the pace of development. Bloomberg reported on September 15 tha

Two Former Robinhood Engineers Charged by US Prosecutors in Crypto Front-Running Case

Two former Robinhood engineers have been charged by U.S. prosecutors with using advance knowledge of crypto listings to trade perpetual futures. The Block reported on September 15 that federal prosecutors in the Southern District of New York charged

Bitcoin Plunges 5% After CLARITY Act Fails in Senate, Biggest Drop Since June

Selling swept across the cryptocurrency market after the U.S. Senate failed to advance the CLARITY Act, sending Bitcoin down more than 5% and Ether lower by more than 8%. Bloomberg reported that Bitcoin extended its losses immediately after the CLARI

Elizabeth Warren Says Crypto Regulation Must Advance, but She Can’t Back Current CLARITY Act

Sen. Elizabeth Warren, a Massachusetts Democrat, said crypto legislation is necessary but that she opposes the current version of the CLARITY Act before the Senate. The Block reported on September 15 that Warren told reporters the CLARITY Act was Was

US 10-Year Treasury Yield Tops 5.02%, Highest Since 2007

The yield on the US 10-year Treasury note surged to its highest level since 2007 as a jump in Middle East-driven energy prices, inflation worries and heavier government debt supply combined to hammer the bond market. Bloomberg reported on Sept. 15 th

Solana Expands Per-Transaction Data Limit More Than Threefold, Boosting Support for Complex Transactions and Privacy Features

Solana has increased the amount of data that can be included in a single transaction by more than threefold, strengthening the foundation for complex transactions, multisignature functions and privacy applications. CoinDesk reported on September 15 t

Ex-Google DeepMind Researcher Says AI Could Kill Everyone

A researcher who recently left Google DeepMind after working on artificial intelligence safety warned that the current course of AI development could pose a serious threat to humanity. Bilal Chughtai, a former Google DeepMind researcher, wrote on X a

BitFuFu, CleanSpark Post Higher August Bitcoin Output as Canaan Extends Three-Month Decline

BitFuFu and CleanSpark, two U.S.-listed Bitcoin miners, reported higher production in August, while Canaan logged a third consecutive monthly decline. The Block reported on September 15 that BitFuFu mined 174 BTC last month, up more than 55% from 112

U.S. Spot Ether ETFs Log $121.02 Million in Net Inflows for Second Straight Session

More than $100 million flowed into U.S. spot Ether exchange-traded funds in a single day. According to Trader T data on September 15, U.S. spot Ether ETFs recorded total net inflows of $121.02 million the previous day. It was the second consecutive t

U.S. Spot Bitcoin ETFs Draw $160.05 Million, Return to Net Inflows After Five Trading Days

U.S. spot Bitcoin exchange-traded funds attracted more than $100 million in a single day. Trader T data released on Sept. 15 showed U.S. spot Bitcoin ETFs posted total net inflows of $160.05 million the previous day. The funds returned to net inflows

Democrats Prepare Counterproposal to Roll Back GOP Revisions to CLARITY Act Ahead of Senate Vote

Democrats are poised to put forward a counterproposal that would roll back much of the Republicans’ recent revisions to the US Senate’s CLARITY Act ahead of a vote on the bill. Eleanor Terrett, host of Crypto in America, wrote on September 15, citing

Robinhood Chain Nears $1 Billion TVL as Memecoins, Tokenized Stocks Create Growth Loop

Robinhood Chain is nearing $1 billion in total value locked a little more than two months after launch, with a virtuous cycle between memecoins and tokenized stocks helping drive its rapid growth, according to a report. The Block reported on Sept. 14

KRX Night-Trading Debut Sees Retail Take 93% Share as Volatility Curbs Trigger More Than 1,600 Times

Retail investors accounted for more than 90% of turnover in the Korea Exchange’s first night-trading session, while thin liquidity caused volatility interruption curbs to be triggered more than four times as often as during regular trading hours. Acc

Wall Street’s Crypto Expansion Seen Continuing Regardless of Senate CLARITY Act Vote

Wall Street financial firms are poised to keep expanding their digital-asset businesses regardless of whether the U.S. Senate advances the CLARITY Act. Chris Crawford, a partner in Fenwick’s digital assets practice, told CoinDesk on Sept. 14 that the

Analysis: 140,000 Ether Leave Exchanges in Four Days, Easing Selling Pressure

About 140,000 Ether has left exchanges over the past four days, easing selling pressure, according to market analysis. Crypto analyst Ali Martinez wrote on X on September 14 that about 140,000 ETH had been withdrawn from exchanges over the previous 9

US House Ways and Means Committee to Review Crypto Tax Package, Excluding Mining and Staking Tax Provision

The US House Ways and Means Committee is set to review a cryptocurrency tax package, though a disputed provision on when mining and staking rewards would be taxed was omitted from the final version. Laura Weiss of Punchbowl News reported on September

DeFi Development Adds 55,491 Solana, Sets Up $300 Million Program to Expand SOL Purchases

DeFi Development Corp., a Nasdaq-listed company, has increased its Solana holdings and put in place a $300 million fundraising program to accelerate additional SOL purchases. The Block reported on Sept. 14 that DeFi Development recently acquired 55,4

Samsung Electronics, SK Hynix Flat After Previous Day’s Plunge as Dip Buyers Emerge

Samsung Electronics and SK Hynix were trading near flat early Tuesday as bargain hunters moved in after the previous day’s sharp selloff, despite lingering concerns over a slower pace of artificial intelligence development and higher U.S. Treasury yi

Strive Buys 469 More Bitcoin, Taking Holdings Past 25,000 BTC

U.S. asset manager Strive bought 469 Bitcoin last week, taking its total holdings above 25,000 BTC. An 8-K filing cited by The Block on Sept. 14 showed Strive spent $36.6 million on the purchase at an average price of about $78,000 per Bitcoin. At cu

[Today’s Key Economic and Cryptocurrency Events] FOMC Day 1, Pi Network Protocol 27 Upgrade

<Today’s Key Economic Events> ▶︎ Sept. 15 (Tue.): △ U.S. ADP weekly employment change, four-week average (9:15 p.m. Korea Standard Time) △ U.S. Empire State Manufacturing Index for September (9:30 p.m. Korea Standard Time) △ Day 1 of the Federal Open

SEC's Atkins Backs CLARITY Act, Says Crypto Reform Will Proceed Even Without It

Paul Atkins, chair of the U.S. Securities and Exchange Commission, said he supports congressional passage of the CLARITY Act but will continue pursuing digital-asset regulatory reform regardless of whether the bill passes. Atkins made the remarks at

US Seeks Forfeiture of $61 Million in Iranian Oil Proceeds Allegedly Laundered Through Binance

The US Department of Justice has moved to forfeit $61 million from Iran’s illegal oil sales that it alleges was laundered through cryptocurrency exchange Binance. Bloomberg reported on September 14 that federal prosecutors in Manhattan filed a civil

Saudi East-West Pipeline Shutdown Persists as WTI Nears $102, Brent Tops $105

Saudi Arabia’s key East-West crude pipeline remained shut, extending the rally in global oil prices as concerns over Middle East supply disruptions persisted. Bloomberg reported on September 14 that West Texas Intermediate rose to near $102 a barrel

Trump Calls AI Risk Concerns a ‘Hoax’ in Onstage Call With Nvidia CEO, Says Slowing Development Helps China

President Donald Trump dismissed concerns about artificial intelligence as a “hoax” during a public phone call with Nvidia Chief Executive Officer Jensen Huang, arguing that efforts to slow development could work to China’s advantage. Bloomberg repor

Fed Halts Reserve-Management T-Bill Purchases for Second Straight Month, Citing Ample Bank Reserves

The Federal Reserve will halt short-term Treasury purchases for reserve management for a second straight month after determining that reserves in the banking system remain ample. Bloomberg reported on Sept. 14 that the New York Fed's Open Market Trad

US Democrats Keep Pressing for Stronger Ethics Provisions in CLARITY Act as Gillibrand Urges Support

As the US Senate nears a procedural vote on the CLARITY Act, dissatisfaction is persisting among Democratic senators who say the bill's public-official ethics provisions do not go far enough. Eleanor Terrett, host of Crypto In America, reported on Se

Senate Democrats Weigh Counter-Amendment to GOP’s Final CLARITY Act Offer

Senate Democrats are discussing a separate amendment to respond to the final CLARITY Act proposal unveiled by Republicans ahead of a key procedural vote on the bill. Eleanor Terrett, host of Crypto in America, said Democratic senators plan to meet on

US Banks Mount Last-Minute Effort to Block CLARITY Act Vote, Say Stablecoin Provisions Threaten Growth

US banks mounted a last-minute lobbying push against stablecoin provisions in the CLARITY Act ahead of a Senate procedural vote on the bill. Punchbowl News reporter Brendan Pedersen wrote on September 14 that American Bankers Association Chief Execut