Suehyeon Lee

US Freezes $52 Million in Crypto Linked to Chinese-Language Fraud Marketplace Xinbi Guarantee

US authorities have frozen more than $52 million in cryptocurrency linked to Xinbi Guarantee, a Chinese-language illicit marketplace accused of facilitating money laundering for fraud rings in Southeast Asia. Cointelegraph reported on September 10 th

U.S. Spot Ethereum ETFs Rebound to Net Inflows in a Day, Adding $34.75 Million

U.S. spot Ethereum exchange-traded funds swung back to net inflows after just one day. Trader T data showed U.S. spot Ethereum ETFs posted combined net inflows of $34.75 million on September 10. The funds had recorded net outflows a day earlier. By p

US Spot-Bitcoin ETFs Post $120.24 Million of Net Outflows for Second Straight Session

Net outflows continued from U.S. spot-Bitcoin exchange-traded funds. According to Trader T, U.S. spot-Bitcoin ETFs recorded combined net outflows of $120.24 million on September 9. That marked a second straight trading day of net withdrawals. Among i

BOJ Board Member Says Rates Must Keep Rising to Keep Inflation From Exceeding 2%, Bolstering Sept. 18 Hike Bets

A Bank of Japan board member said the central bank should keep raising interest rates as underlying inflation nears 2%, adding to expectations of another hike next week. Bloomberg reported on Sept. 10 that BOJ board member Kazuyuki Masu told business

U.S. Senate Vote Nears on CLARITY Act as Crypto, Banks Wage Final Lobbying Battle

A U.S. Senate procedural vote on Sept. 15 could determine the fate of the CLARITY Act, a market-structure bill for digital assets, as the crypto industry and banks mount a last-minute lobbying push. Reuters reported on Sept. 9 that the Senate is set

US-China 10-Year Yield Gap Hits Record 317 Basis Points, Adding Pressure on Yuan

The gap between US and Chinese 10-year government bond yields has widened to a record, raising concern that China could face heavier capital outflows and greater downward pressure on the yuan. Bloomberg reported on September 9 that the yield on the U

IonQ Unveils 256-Qubit Quantum Computer, but Bitcoin Threat Is Still Distant

U.S. quantum computing company IonQ has unveiled its 256-qubit quantum computer, the Superion 256, though analysts say current technology remains far from posing a threat to Bitcoin's security. Decrypt reported on September 9 that IonQ introduced the

Trezor Says External Email Provider Was Breached, ‘Security Vulnerability’ Message Is Phishing

Trezor, the hardware wallet maker, warned users to be on alert for phishing emails impersonating the company after a security breach at an external email service provider. On Sept. 9, Trezor wrote on its official X account that “a third-party email p

[Analysis] Bitcoin Whale Holdings Flat at 5.23 Million BTC as CPI, FOMC Loom

Bitcoin whale holdings were virtually unchanged over the past week, in a sign that large investors are staying on the sidelines ahead of major U.S. economic events. On Sept. 9, crypto analyst Ali Martinez, citing on-chain data, said Bitcoin whales ke

US IPO Market Enters Year-End Rush as AI Firms Including Anthropic Ready Listings

The US initial public offering market is entering its year-end stretch, with artificial intelligence companies including Anthropic preparing for stock market debuts. Bloomberg reported on September 9 that, with the Labor Day holiday and summer vacati

Consensys to Split MetaMask and Infrastructure Business Into Two Independent Companies by Year-End

Consensys Software Inc., an Ethereum infrastructure company, will separate MetaMask from its institutional blockchain infrastructure business and reorganize into two independent companies by the end of this year. The Block reported on September 9 tha

Gold Holds Near $4,400 as Traders Eye U.S. Inflation Data for Possible Fed Rate Hike

Gold traded near unchanged around $4,400 an ounce as investors looked ahead to U.S. inflation data due this week for clues on whether the Federal Reserve will raise interest rates. Bloomberg reported on Sept. 9 that spot gold was little changed at $4

Kospi Flat on Quadruple Witching Day as Foreign and Institutional Investors Sell

South Korea's Kospi traded little changed near the 7,060 mark in early dealings on Sept. 10 as foreign and institutional investors sold on the so-called quadruple witching day, when stock-index futures and options and single-stock futures and options

Hunter Biden Meme Coin LAPTOP Soars to $110 Billion After Launch, Then Plunges More Than 99%

Hunter Biden’s meme coin LAPTOP showed extreme volatility after trading began, surging to a market capitalization of $110 billion before plunging more than 99% within minutes. The Block reported that the Base-based token began trading shortly after 8

[Today’s Key Economic and Crypto Events] US August PPI Due

Today’s Key Economic Events ▶ Sept. 10 (Thu.): △ Germany August consumer price index (CPI, 3 p.m.) △ European Central Bank (ECB) interest-rate decision (9:15 p.m.) △ US August producer price index (PPI, 9:30 p.m.) △ US initial jobless claims (9:30 p.

August Spot Trading Volume at Major Crypto Exchanges Rises 19%; Binance Share Reaches 47.6%

Spot trading volume at major global cryptocurrency exchanges rose 19% in August from a month earlier. Wu Blockchain said on Sept. 9 that spot trading volume across 14 major global crypto exchanges totaled $510.4 billion in August. That was up 19% fro

International Oil Prices Surge Again as WTI Tops $97, Brent Breaks Above $101

International oil prices rose again after Iran warned it would step up its offensive if U.S. attacks continue, fueling concern over potential disruptions to energy supplies through the Strait of Hormuz. Bloomberg reported on September 9 that West Tex

Trump Says Putin Wants Deal After Call, Sees Possible Three-Way Summit

U.S. President Donald Trump said Russian President Vladimir Putin wants a deal after the two discussed ways to end the war in Ukraine. Bloomberg reported on September 9 that Trump, speaking to reporters, described his call with Putin as a "great conv

Bitcoin Fails to Retake $80,000 as Stronger Yen, Oil Surge Sap Momentum

Bitcoin (BTC) tried to reclaim $80,000, but lost upward momentum as the yen strengthened and international oil prices surged. Cointelegraph reported on September 9 that Bitcoin was turned back after attempting to retake $80,000 and was down about 0.4

Treasury Triples Long-Bond Buyback Cap to $6 Billion, but Market Disappointment Sends 10-Year Yield to 4.85%

The U.S. Treasury raised the cap on its long-term bond buyback to $6 billion, triple the original plan, but the move fell short of market expectations, sending the 10-year Treasury yield as high as 4.85%. Bloomberg reported on Sept. 9 that the Treasu

Bitcoin Mining Stocks Left Behind in Bull Market, Lagging Exchange and Stablecoin Shares

Most crypto-related stocks have climbed during Bitcoin’s bull run, but shares of Bitcoin mining companies have remained conspicuously weak. The Block reported on September 9 that Bitcoin has risen about 22% since August 17. Over the same period, cryp

PumpFun Adds Tokenized Stocks to New-Token Trading Pairs, Including SK Hynix and Nvidia

PumpFun, a Solana-based token issuance platform, has expanded support to let users use tokenized stocks as trading-pair assets when launching new tokens. Wu Blockchain reported on Sept. 9 that PumpFun added tokenized stocks as pairing assets for new

Wall Street Divided on Further Yen Gains as BOJ Rate-Hike Outlook Comes Into Focus

The Japanese yen has extended its strength into the 153-per-dollar range, but major Wall Street firms are split on how much further it can climb. Bloomberg reported on Sept. 9 that the yen rose as much as 0.5% intraday against the dollar to 153.25. I

US Spot Ether ETFs Log $24.29 Million in Net Outflows After Three Trading Days

U.S. spot Ether exchange-traded funds posted net outflows after three trading days. SoSoValue data showed the funds recorded total net outflows of $24.29 million on September 8. The withdrawals were concentrated in Grayscale products. Grayscale Mini

U.S. Spot Bitcoin ETFs Log $46.65 Million Net Outflow After Four Trading Days

U.S. spot Bitcoin exchange-traded funds posted net outflows after four trading days. SoSoValue data showed total net outflows of $46.65 million from U.S. spot Bitcoin ETFs on Sept. 8. The move reversed a streak of net inflows over the previous four t

Bitcoin Reclaims $79,000 as Traders Brace for U.S. Inflation Data Ahead of Fed Meeting

Bitcoin recovered after falling below $78,000 intraday, with markets turning their attention to inflation data due before next week's Federal Open Market Committee meeting. As of 1:56 p.m. in Korea on September 9, Bitcoin was trading at $79,181.02 on

Former BOK Governor Rhee Says No Need for Excessive Concern Over Won Volatility

Former Bank of Korea Governor Rhee Chang-yong said there is no need to be overly sensitive to short-term moves in the won, saying South Korea’s external financial health has improved from the past. Bloomberg reported on September 9 that Rhee, in a Bl

Yuan Gains Traction as Asia Funding Currency as Yen Carry Trade Wobbles

The Chinese yuan is drawing fresh attention as a funding currency for global carry trades as expectations build for a Bank of Japan rate increase, lifting the yen. Bloomberg reported on September 9 that strategists at major financial firms including

Robinhood Chain Daily Fees Hit Record $6 Million as Launchpad Pons Drives Surge

Robinhood Chain's daily fee revenue climbed to a record $6 million, with token launchpad Pons driving the recent growth. The Block reported on Sept. 9 that Robinhood Chain generated $6 million in fees on Sept. 4, marking its highest daily total on re

Jump Trading’s Cumulative Hyperliquid Volume Nears $150 Billion, Accounting for 7.8% of Total Perpetual Futures

Global digital-asset trading firm Jump Trading has generated nearly $150 billion in cumulative trading volume on Hyperliquid. Wu Blockchain reported on Sept. 9 that Hyperdash co-founder Hansen Beringer estimated Jump Trading has logged about $150 bil