Suehyeon Lee

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

US Spot Ether ETFs See $9.31 Million of Net Inflows, Led by BlackRock

U.S. spot Ether exchange-traded funds recorded net inflows of more than $9 million. Trader T data for July 27 showed total daily net inflows into U.S. spot Ether ETFs of $9.31 million. BlackRock’s ETHA led the gains with net inflows of $11.75 million

US Spot-Bitcoin ETFs See $11.65 Million in Net Outflows for Third Straight Session

US spot-Bitcoin exchange-traded funds recorded net outflows. Trader T data showed the funds posted total net outflows of $11.65 million on July 27, extending the streak to three consecutive trading sessions. BlackRock’s IBIT led the outflows with $8.

Kosdaq Trading Halted After Slumping More Than 8%, Following Kospi Circuit Breaker

South Korea's Kosdaq market also triggered a circuit breaker after dropping more than 8%, following a halt in the Kospi. Trading will be suspended for about 20 minutes.

Hong Kong Regulator Introduces Quantum Readiness Index for Banks as Tokenization Expands

Hong Kong’s financial regulator has introduced a formal framework to assess banks’ readiness for threats posed by quantum computing, as the city expands tokenized assets and blockchain-based payment infrastructure. Cointelegraph reported on July 27 t

Bitcoin Drops Below $63,000 on Fed Rate-Hike Fears, Hits Lowest Since July 16

Bitcoin fell below $63,000 as concern mounted that the Federal Reserve may raise interest rates, sending the cryptocurrency to its lowest level in 11 days. Bloomberg reported on July 27 that Bitcoin dropped as much as 2.3% during the session to $63,4

Ethereum Whale Accumulation Continues as New Wallet Withdraws $3.95 Million of ETH From Binance

Ethereum whale accumulation is continuing, with a newly created wallet withdrawing about $3.95 million of ETH from Binance. On-chain analytics platform Lookonchain said July 27 that a new wallet identified as 0x49D9 withdrew 2,101 ETH from Binance ab

Gold Holds Near $4,065 as US-Iran Negotiation Hopes Persist Ahead of Fed Decision

Gold traded near $4,065 an ounce as hopes for a US-Iran settlement persisted ahead of this week's Federal Reserve interest-rate decision. Spot gold fell 0.3% to $4,065.32 an ounce as of 8:15 a.m. in Singapore on July 27, according to Bloomberg. It ro

Kospi Circuit Breaker Triggered After Index Slumps More Than 8%, Halting Trade for 20 Minutes

The Korea Exchange triggered a circuit breaker after the Kospi slumped more than 8%. Trading was halted for 20 minutes.

BitMine Appears to Add $14.61 Million of Ether to Holdings

BitMine appears to have continued accumulating Ether this week. On July 27, on-chain analyst EmberCN said a wallet believed to be linked to BitMine received 7,500 ETH from crypto custody firm BitGo about four hours earlier. The tokens were worth abou

Schumer Sends SEC, CFTC Commissioner Picks to White House in CLARITY Act Talks

Senate Democratic Leader Chuck Schumer has sent the White House names for potential commissioners at the US Securities and Exchange Commission and the Commodity Futures Trading Commission as part of negotiations over crypto legislation, Semafor repor

SK Hynix Loses $470 Billion in Market Value in Just Over a Month as Earnings Test AI Trade

SK Hynix Inc. shares have slumped 38% from their record high in June, wiping out about $470 billion in market value in just over a month. Bloomberg reported on July 27 that the drop from the June peak was the second-largest decline in market capitali

Kospi Sell Sidecar Triggered After Sharp Drop

Today’s Key Economic and Crypto Events: US Trade Balance, OPEC Meeting

Today’s Key Economic Events July 28 (Tuesday): OPEC meeting at 7 p.m. Korea Standard Time; US trade balance at 9:30 p.m. Korea Standard Time Today’s Key Cryptocurrency Event July 28 (Tuesday): HashKey (HSK) x Morpho partnership

US Senate Puts Off CLARITY Act Vote, Casting Doubt on Passage Before August Recess

The US Senate has put off a vote on the CLARITY Act, a cryptocurrency market structure bill. CoinDesk reported on July 27 that Senate Majority Leader John Thune first moved ahead with confirmations for federal appointments and is now pushing a Russia

US Court Halts Minnesota Prediction-Market Ban, Siding With Kalshi and Polymarket

A US court has blocked Minnesota from enforcing its ban on prediction markets, siding with platforms Kalshi and Polymarket. Judge Katherine Menendez of the US District Court for the District of Minnesota ruled on July 27 that the state law is likely

Franklin Templeton, BlackRock Back CLARITY Act as Support Spreads Across US Finance

Franklin Templeton and BlackRock have voiced support for the CLARITY Act, a US digital-asset market structure bill. Franklin Templeton said in a post on X on July 27 that the CLARITY Act could provide clear regulatory standards for the US digital-ass

Oil Extends Decline on Hopes for US-Iran Talks; WTI Drops Below $82

Oil extended its decline as hopes grew for talks between the US and Iran to end the conflict. On July 27, Bloomberg reported that West Texas Intermediate fell below $82 a barrel after plunging more than 7% a day earlier. Brent crude, which logged its

Bitcoin Holds $65,000 Despite AI Stock Slump as Fed Decision Looms

Bitcoin held around $65,000 and showed relative strength even as artificial intelligence-related technology stocks weakened. Still, this week’s Federal Reserve rate decision and earnings from major technology companies could determine the market’s ne

Citadel Securities Sees Surprise Fed Rate Hike This Week, Against Market View

Citadel Securities expects the Federal Reserve to raise its benchmark interest rate this week. According to Bloomberg on July 27, Frank Fliat, Citadel Securities' head of macro strategy, expects the Fed to raise rates by 0.25 percentage point on Wedn

SK Hynix ADR Falls Below IPO Price to Record Low After US Listing

SK Hynix Inc.'s American depositary receipts fell to a record low this month after their large US listing, dropping below the initial offering price. According to Bloomberg, the ADRs slid as much as 10% intraday on July 27, touching $139.01. That was