Suehyeon Lee

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

Oil Jumps 5% as Middle East Clashes Resume, WTI Tops $83

Oil jumped as much as 5% intraday as fighting resumed in the Middle East, including what the U.S. military described as an attempted surprise Iranian attack on American forces and drone strikes targeting Saudi oil facilities. On July 28, Bloomberg re

Iran Launches Ballistic Missiles at US Forces in Middle East; US Says All Intercepted

Iran's Islamic Revolutionary Guard Corps launched several ballistic missiles at US forces stationed in the Middle East, but all were intercepted, US Central Command said. CENTCOM said the Revolutionary Guard fired the missiles from Iran at 5:45 p.m.

Yen Risks Sliding Past 165 Per Dollar Before BOJ Meeting, Stirring Intervention Fears

The yen has continued to weaken ahead of the Bank of Japan's policy meeting, with the currency at risk of sliding past 165 per dollar if Governor Kazuo Ueda fails to signal clearly that further rate hikes are coming. Bloomberg reported on July 28 tha

Visa Unveils Stablecoin Investment Strategy as Third-Quarter Revenue Rises 14%

Visa outlined an investment strategy spanning the stablecoin ecosystem. Cointelegraph reported on July 28 that the global payments company detailed its stablecoin investments and future plans during its third-quarter earnings conference call. Third-q

SEC Says It Will Write Crypto Rules if Congress Fails to Pass CLARITY Act

The US Securities and Exchange Commission said it is prepared to draw up its own regulatory framework for digital assets if Congress fails to pass the CLARITY Act, a market-structure bill for the crypto industry. Watcher.Guru reported on July 28 that

Morgan Stanley Broadens Crypto Offering With Ethereum, Solana ETPs

Morgan Stanley Investment Management has expanded its cryptocurrency fund lineup beyond Bitcoin with the launch of exchange-traded products linked to Ether and Solana. Cointelegraph reported on July 28 that Morgan Stanley listed the Morgan Stanley Et

Ethereum, Solana Fall Despite Rising On-Chain Activity as Gap With Fundamentals Widens

On-chain activity across major blockchain networks such as Ethereum and Solana has increased even as token prices have fallen by more than half over the past year, widening the disconnect between network fundamentals and market prices, The Block repo

Kospi Plunges 11% on Chip Stock Rout as Trading Halts Hit Kospi, Kosdaq

South Korean stocks tumbled after selling intensified in semiconductor shares including Samsung Electronics Co. and SK Hynix Inc., prompting temporary trading halts on the Kospi and Kosdaq markets. Bloomberg reported on July 28 that the Kospi dropped

Zimbabwe Securities Regulator Approves 7 Fintech Projects for Sandbox

Zimbabwe's securities regulator has approved seven fintech projects for its regulatory sandbox, with more than half focused on tokenization. Cointelegraph reported on July 28 that the Securities and Exchange Commission of Zimbabwe approved seven comp

Bitcoin Whales Accumulate 19,696 BTC in Eight Days as Retail Buying Slows

Bitcoin whales accumulated nearly 20,000 BTC over the past eight days, while buying by smaller investors lost momentum. On-chain analytics platform Santiment said July 28 that whale wallets holding between 10 BTC and 10,000 BTC added a combined 19,69