Suehyeon Lee

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

Bitcoin Spot, Perpetual Futures Volumes Hit Multi-Month High, Signaling Shift to Early Bull Phase

Bitcoin spot and perpetual futures trading volumes have jumped to their highest levels in months as prices rise, a sign the market may be shifting from a bear market into the early stages of a bull phase. According to CryptoQuant's weekly report publ

US 10-Year Treasury Yield Tops 5% Ahead of Fed Decision, Oil Surge Lifts It to Highest Since 2023

US Treasury yields rose across the curve as oil prices surged ahead of the Federal Reserve's rate decision. The Kobeissi Letter said on September 14 that the yield on the 10-year US Treasury note had climbed above 5%, its highest level since October

18 State Attorneys General, Led by New York, Urge Congress to Reject CLARITY Act, Citing Weaker Investor Protections

Attorneys general from 18 U.S. states, including New York, urged Congress to vote against the CLARITY Act ahead of a key procedural vote in the Senate on September 15. The Block reported on September 14 that New York Attorney General Letitia James an

Trump Slams AI Safety Curbs, Says Whoever Wins AI Takes Everything

U.S. President Donald Trump sharply criticized the growing push for artificial intelligence safety regulation and calls to slow development, stressing the need for the United States to secure leadership in AI. In a Truth Social post on September 14,

WTO Says Stablecoins Make Up Only 3% of International Payments as Fragmented Rules Hinder Adoption

Stablecoins have the potential to improve the efficiency of international trade payments, but fragmented national regulatory regimes are preventing broader adoption, according to the World Trade Organization. Cointelegraph reported on September 14 th

Microsoft Unveils AI Code of Conduct Prioritizing Humans Over AI

Microsoft has unveiled a new set of AI development principles that prioritizes human control and safety over expanding artificial intelligence autonomy and capabilities. Bloomberg reported on September 14 that Microsoft AI researchers published a rou

US Energy Secretary Says Saudi East-West Pipeline to Restart Soon

Saudi Arabia’s East-West pipeline, a key crude transport route that was shut after a recent drone attack, is set to restart soon. US Energy Secretary Chris Wright told Bloomberg Television on September 14 that “you’ll see the pipeline come back on sh

Wall Street Firms Back Crypto Data Provider Kaiko as Funding Round Grows to $110 Million

As Wall Street steps up efforts around blockchain-based 24-hour trading and asset tokenization, global financial firms are pouring money into crypto data provider Kaiko. Bloomberg reported on September 14 that S&P Global led Kaiko’s latest funding ro

Bitcoin, Ether Gain More Than 1.5% as AI Stock Rout Deepens

Bitcoin and Ether rose and outperformed broader risk assets even as global technology stocks tumbled on calls to slow the pace of artificial intelligence development. As of September 14, Bitcoin was trading around $77,900 on Binance's USDT market, up

BitMine Buys 27,180 More Ether, Nears Goal of Holding 5% of Total Supply

BitMine bought an additional 27,180 Ether last week, moving closer to its goal of holding 5% of Ethereum’s total supply. Wu Blockchain reported on September 14 that BitMine added 27,180 Ether over the past week. As of September 13, its total holdings

Fed Poised to Raise Rates for First Time in More Than 3 Years; 85% of Economists See Quarter-Point Move This Week

Stronger-than-expected U.S. inflation pressures have led most economists to conclude the Federal Reserve will raise interest rates this week for the first time in more than three years. A Reuters survey of 101 economists conducted after the September

Strategy Buys Back Another $139 Million of STRC, Makes No Bitcoin Trades Last Week

Strategy, the world’s largest corporate holder of Bitcoin, repurchased an additional $139 million of its STRC preferred stock and made no Bitcoin purchases or sales last week. Strategy said on Sept. 14 that it bought back $139 million worth of STRC s

EU Orders Crypto Wallet Firms to Report Serious Security Flaws Within 24 Hours or Face Fines of Up to 15 Million Euros

The European Union now requires crypto hardware and software wallet providers to notify authorities within 24 hours of identifying a serious security vulnerability or an instance of active exploitation. Cointelegraph reported on September 14 that the

Bitcoin Options Turn Bullish for First Time in a Year Ahead of Fed Decision, CLARITY Act Vote

Bitcoin’s options market has turned bullish for the first time in a year, with attention now on this week’s Federal Reserve rate decision and a vote on the CLARITY Act. Reuters reported on September 14 that Bitcoin options on Derive.xyz recently shif

Bernstein Says CLARITY Act Is Advancing Further Than Expected, Positive Outcome Not Priced In

The CLARITY Act, a U.S. crypto market-structure bill, may be advancing further than expected, and the market has yet to price in a positive outcome, Bernstein said. In a report cited by The Block on September 14, Bernstein said the bill appears more

XRP Break Above $1.38 Would Confirm Uptrend, Open Path to $1.60, Analyst Says

XRP could climb to $1.60 if it decisively clears the technical resistance level at $1.38, according to an analysis released as the token attempts a breakout. Crypto analyst Ali Martinez wrote on X on September 14 that XRP is showing breakout momentum

Iran, Gulf States Postpone Temporary Hormuz Shipping-Lane Talks at Saudi Request; Brent Tops $108

Talks between Iran and Gulf Arab states on temporary shipping lanes through the Strait of Hormuz have been postponed at Saudi Arabia’s request. Bloomberg reported on September 14 that Iran’s Foreign Ministry said a meeting between Iran and Gulf state