Suehyeon Lee

US Senate CLARITY Act Talks Gain Momentum, Leaving Pre-Recess Vote Possible

Bipartisan negotiations over the CLARITY Act, the US Senate's digital-asset market structure bill, have accelerated, keeping alive the possibility of a vote before the summer recess. Punchbowl News reporter Brendan Pedersen wrote on Aug. 5 that the C

US Senate CLARITY Act Talks Stall as Democrats Press for Ethics, AML Fixes

The US Senate's effort to advance the CLARITY Act, a market-structure bill for digital assets, has reached a standstill as Democrats insist three issues be resolved before the measure can move forward: ethics provisions, anti-money laundering rules a

Warren Questions UAE-Trump Crypto Ties, Seeks Explanation of US AI Chip Policy

Sen. Elizabeth Warren has asked the US government to explain whether United Arab Emirates investments tied to the Trump family’s cryptocurrency ventures are linked to US policy on AI chip exports to the Gulf state. Cointelegraph reported on August 5

BofA Sees Dollar-Yen at 149 by Year-End on Prospect of US-Japan Joint Intervention

Bank of America lowered its year-end forecast for the dollar-yen exchange rate, citing the prospect of joint US-Japan foreign-exchange intervention and the possibility of another Bank of Japan rate hike. Bloomberg reported on August 5 that BofA expec

Coldcard Hack Victims Send ‘Return the Money’ Pleas to Hacker Wallet on Bitcoin Blockchain

Victims of the Coldcard hack, in which more than $100 million of Bitcoin was stolen, are sending messages to the hacker’s wallet pleading for the money to be returned. CoinDesk reported on August 5 that Galaxy Research and other blockchain researcher

BOK Creates Asset Tokenization Unit to Prepare Pilot for Tokenized Government Bonds

The Bank of Korea has created a new Asset Tokenization Team under its Digital Currency Office as it prepares a pilot program for tokenized government bonds. Edaily reported on August 5 that the BOK set up the new unit in an organizational reshuffle c

US Spot Ether ETFs Post $53.75 Million of Net Inflows, Reversing Course in a Day

US spot Ether exchange-traded funds returned to net inflows after drawing more than $50 million. US spot Ether ETFs recorded total net inflows of $53.75 million on August 4, according to Trader T. BlackRock’s ETHA led with $42.46 million in net inflo

US Spot-Bitcoin ETFs Draw $211.5 Million for Second Straight Day of Inflows

US spot-Bitcoin exchange-traded funds extended their inflow streak, taking in more than $200 million. Data from Trader T showed the funds recorded net inflows of $211.5 million in the previous session on August 5. That marked a second straight tradin

Senate Republicans Skip CLARITY Act Cloture Filing, Risking Vote Delay This Week

A vote this week on the CLARITY Act, a US crypto market-structure bill, could be delayed after Senate Republicans did not file for cloture to bring the measure to the floor. Eleanor Terrett, host of Crypto in America, said Aug. 5 that Senate Majority

US, Iran Near Temporary Deal to Reopen Strait of Hormuz, Axios Says

The US, Iran and Oman are nearing a temporary agreement to reopen the Strait of Hormuz. Axios reported on August 4, citing multiple Middle East sources and a US government official, that Washington is aiming to announce an interim deal on August 6. T

Arthur Hayes Says AI Bust Could Spur $1 Million Bitcoin After 2028

Arthur Hayes, co-founder of BitMEX, said Bitcoin could top $1 million after the artificial-intelligence bubble bursts. In a Substack post on August 4, Hayes wrote that the investment frenzy around AI data centers and power grids from 2026 to 2028 cou

Strategy Fuels Fresh Bitcoin Sale Speculation With 1,030 BTC Transfer

Michael Saylor-led Strategy may be moving toward another sale of its Bitcoin holdings. On Aug. 4, on-chain analytics platform Lookonchain reported that a wallet linked to Strategy transferred 1,030 BTC, worth about $66.14 million, to an external addr

Coinbase, Visa, Mastercard Say Backing OUSD Doesn’t Replace USDC

Circle shares tumbled after the launch of OpenUSD, or OUSD, but the company’s key partners have reiterated their support for USDC. CoinDesk reported on August 4 that when The Open Platform announced OUSD about a month ago, markets viewed the particip

Michael Burry Says Stocks Near Peak, 1987-Style Crash Risk Still Looms

Michael Burry, the investor known as the real-life inspiration for The Big Short, warned that a sharp correction in U.S. stocks remains possible even as major indexes hit fresh records. In a Substack post, Burry said the market may be nearing a major

Cloudflare Starts Rollout of Stablecoin Wallets for AI Agents

Cloudflare has started rolling out programmable wallets that would allow artificial intelligence agents to pay directly for APIs and online content with stablecoins. The Block reported on August 4 that the internet infrastructure company unveiled the

Kospi Buy-Side Sidecar Triggered After 4% Surge

A buy-side sidecar was triggered after the Kospi surged more than 4%.

Kospi Jumps More Than 4% Early, Reclaims 2,600

Analysis: Bitcoin Long-Term Holder Supply Turns Lower, Signaling Start of Second Rally

Bitcoin long-term holders, or LTHs, have begun reducing their holdings, a shift that may signal the start of a new bull phase, according to an analysis. CryptoQuant contributor CW8900 wrote on Aug. 4 that signs of a Bitcoin rally are emerging, with c

[Today’s Key Economic and Crypto Events] US July Final Services PMI, ADP Private Payrolls Due

Today's Key Economic Events ▶ Aug. 5 (Wednesday): △ US July ADP private payrolls (9:15 p.m. Korea time) △ US July final services PMI (10:45 p.m. Korea time) △ US July ISM non-manufacturing PMI (11 p.m. Korea time) △ US crude oil inventories (11:30 p.

Senate Democrats Hold Opposition to CLARITY Act Vote Amid Ethics, AML Disputes

U.S. Senate Democrats are maintaining their opposition to advancing the CLARITY Act unless disputes over ethics rules, anti-money laundering provisions and stablecoin interest payments are resolved. On August 4, Punchbowl News reporter Brendan Peders

Samsung to Add Stablecoin Features to More Than 800 Million Smartphones, Opening Major Distribution Channel

Samsung Electronics Co. plans to make stablecoin features available by default on more than 800 million smartphones, a move that could position the company as a major distribution channel for the tokens. CoinDesk reported on August 4 that Samsung rec

Oil Falls for Second Day on Hopes for Hormuz Strait Reopening; WTI Near $75

International oil prices fell for a second straight day as expectations grew that talks to reopen the Strait of Hormuz were advancing. Bloomberg reported on August 4 that West Texas Intermediate dropped to around $75 a barrel. After plunging more tha

Ethereum Researchers Propose Burning Validator Rewards to Cap Staking Near 50%

Ethereum researchers have proposed a new issuance model that would automatically burn part of validator rewards once the staking ratio rises beyond a certain point. The Block reported on August 4 that six researchers, including Ethereum Foundation re

US Senate Weighs Adding Sports-Betting Language to CLARITY Act as Prediction-Market Debate Grows

The US Senate is considering adding sports-betting provisions to the CLARITY Act, a digital-asset market structure bill. The Block reported on August 4 that, as the Senate pushes ahead with the bill this week, some lawmakers are discussing language t

BlackRock’s Spot Ethereum ETF ETHA to Execute 1-for-3 Reverse Split in October

BlackRock’s spot Ethereum exchange-traded fund, ETHA, will undergo a reverse split in October. Unfolded reported on Aug. 4 that BlackRock plans to carry out a 1-for-3 reverse split for ETHA on Oct. 6. Once the reverse split is completed, every three

SpaceX Beats Revenue Estimates in First Post-IPO Quarter, Falls 5% After Hours on AI Spending

Elon Musk’s SpaceX reported revenue above market estimates in its first quarterly results since its initial public offering, but the stock fell after surging capital spending tied to expanded artificial intelligence investment. Bloomberg reported on

Dormant Bitcoin Wallets Reactivate After Coldcard Hack as Security Fears Spur Transfers

Long-dormant Bitcoin wallets are being reactivated after the Coldcard hardware wallet hack, with some addresses that had been idle for more than a decade moving funds. CoinDesk reported on Aug. 4 that 500 BTC was moved from wallet "18TExP," which had

Coldcard Hack Losses Top $100 Million as Galaxy Flags Possible Fourth Wave

Losses from hacks targeting the Coldcard Bitcoin hardware wallet have exceeded $100 million. Cointelegraph reported on August 4 that Galaxy Digital's research unit said in an updated report that 1,596 Bitcoin were stolen from about 7,300 addresses. I

Mastercard Completes BVNK Acquisition Worth Up to $1.8 Billion

Mastercard has completed its acquisition of stablecoin infrastructure company BVNK. Cointelegraph reported on August 4 that Mastercard had officially closed the deal. The acquisition is worth up to $1.8 billion, including a contingent payment of $300

BitMine Buys 10,399 More Ether, Repurchases 4.5 Million Shares

BitMine Immersion Technologies, an Ether treasury company, bought more Ether and repurchased its own shares. Cointelegraph reported on August 4 that BitMine purchased an additional 10,399 Ether last week and bought back 4.5 million shares. As of Augu