Suehyeon Lee

Injective Launches Nvidia GPU Rental-Fee Perpetual Futures With Up to 10x Leverage

Layer-1 blockchain Injective has launched a perpetual futures market that lets investors trade swings in rental fees for Nvidia's graphics processing units, or GPUs. Cointelegraph reported on October 27 that Injective now offers perpetual futures bas

RedotPay Weighs Confidential US IPO Filing This Year at Up to $5 Billion Valuation

Hong Kong-based stablecoin payments company RedotPay is considering a confidential filing for a US initial public offering by the end of this year, Cointelegraph reported on Oct. 27. Bloomberg, citing people familiar with the matter, reported that Re

StoneX Raises Strive Price Target to $43, Citing Bitcoin Accumulation Strategy

StoneX raised its price target on Strive after giving a positive assessment of the company's funding structure and Bitcoin accumulation strategy. The Block reported on Oct. 27 that Mark Palmer, StoneX's senior equity analyst, lifted his price target

IBM, Oracle Among 4 More Companies Opposing OKX-ICE Stock Tokenization, Bringing Total to 26

Major U.S. technology companies are increasingly voicing opposition to cryptocurrency exchange OKX and Intercontinental Exchange's push to tokenize stocks. On Oct. 27, Eleanor Terrett, host of Crypto in America, said IBM, Oracle, Intel and IonQ were

US Spot Ethereum ETFs See $88.58 Million in Net Outflows as BlackRock’s ETHA Loses Funds

More than $80 million flowed out of the US spot Ethereum exchange-traded fund market. According to SoSoValue, total net outflows from US spot Ethereum ETFs stood at $88.58 million on October 27, based on the previous day's data. The outflows were con

U.S. Spot Bitcoin ETFs See $110.34 Million of Net Inflows

U.S. spot Bitcoin exchange-traded funds attracted more than $100 million in net inflows. According to SoSoValue on October 27, U.S. spot Bitcoin ETFs recorded combined net inflows of $110.34 million in the previous session. The market returned to net

Grayscale Says Zcash’s 20% Block-Reward Allocation for Developers Drove 10 Years of Innovation

Grayscale, the global digital-asset manager, said Zcash’s block-reward structure, which allocates funding to developers, has helped sustain the cryptocurrency’s technological development. Wu Blockchain reported on October 26 that Grayscale highlighte

Broadcom Secures $63 Billion to Finance AI Chip Supply for Anthropic With Backing From Wall Street Firms

Broadcom has signed a $63 billion financing agreement to fund purchases of chips it will supply to artificial intelligence company Anthropic. Bloomberg reported on October 26 that Broadcom announced the previous day that it had reached the $63 billio

Yen-Funded Carry Trade Holds in Latin America Despite Real Slump After Brazil Vote

Financial-market volatility has increased since Brazil’s presidential election, but demand for Latin American carry trades funded with the Japanese yen appears to be holding up. Bloomberg reported on October 26 that the Brazilian real has plunged aga

Trump Approval Ticks Up to 32%, Democrats Lead Republicans by 11 Points Ahead of Midterms

President Donald Trump’s job approval rating edged up from a record low, but Democrats maintained a lead over Republicans in party support ahead of the midterm elections. A Reuters/Ipsos poll released on Oct. 26 showed Trump’s approval rating at 32%,

Solana Whales Move $49.17 Million of SOL in Apparent Sale

Large Solana holders appear to have moved tokens worth about $49.17 million in preparation for a sale. According to on-chain analytics firm Lookonchain on October 26, three wallets believed to be tied to the same whale investor moved a combined 482,2

SBI, BlackRock Partner in Japan on Yen Stablecoin, Tokenized MMF Link

SBI Holdings is partnering with BlackRock on a plan to link a yen-denominated stablecoin with a tokenized money market fund. The Block reported on Oct. 26 that SBI Holdings and Startale Group signed a memorandum of understanding with BlackRock Financ

MARA Holdings Estimated to Have Sold 1,000 BTC Worth $80.19 Million

MARA Holdings, a U.S. Bitcoin miner, is estimated to have sold about 1,000 BTC. According to on-chain analytics firm Lookonchain on October 26, MARA appears to have disposed of 1,000 BTC about six hours earlier. The holdings were worth about $80.19 m

Kospi Jumps 4%, Triggering Buy-Side Sidecar as Anthropic IPO Hopes Spur Chip Stocks

A buy-side sidecar was triggered on South Korea’s main Kospi market after the index jumped more than 4% during intraday trading. The Korea Exchange said on October 27 that the measure was activated early in the session as buying rapidly flowed into t

Analysis: XRP Whale Holdings Reach 68.5% of Supply, Highest Since November 2022

Concentration among large XRP holders has risen to its highest level in nearly four years, fueling interest in the token’s potential for a price rebound. According to on-chain analytics firm Santiment on October 26, whale wallets holding at least 10

South Korea’s Democratic Party Weighs Further Delay to Crypto Tax, to Consult Government After Caucus Meeting

South Korea’s Democratic Party is reviewing ways to revise the virtual-asset tax regime, including a further delay, ahead of its scheduled implementation in January next year. Newsis reported on October 27 that floor leader Han Byung-do told a strate

Dunamu Wins Presidential Commendation at Korean Red Cross 121st Anniversary for Disaster Relief

Dunamu, the operator of Upbit, said on Oct. 27 that it had received a presidential commendation for its contributions to disaster recovery and humanitarian aid. The company received the award at a ceremony marking the 121st anniversary of the Korean

Ripple Wins Final OCC Approval for Federal Trust Bank, Expands RLUSD and Digital-Asset Custody

Ripple has received final approval from U.S. financial regulators to establish a federal trust bank. Brad Garlinghouse, Ripple’s chief executive officer, said on X on October 26 that the Office of the Comptroller of the Currency had given final appro

Kospi Jumps 3.6% on Anthropic IPO Push; Samsung Electronics, SK Hynix Rally

The Kospi rose more than 3% in early trading on October 27, lifted by news that U.S. artificial intelligence company Anthropic is pushing ahead with an initial public offering. As of 9:10 a.m., the benchmark Kospi was up 3.59% from the previous sessi

Shinhan Card, Dunamu to Pilot Blockchain Payments Using Kiya Wallet in Card-Industry First

Shinhan Card said on Oct. 27 that it will launch an offline payment pilot with Dunamu using a blockchain-based digital wallet. The pilot will use Kiya Chain, a public blockchain developed by Dunamu, and Kiya Wallet, its digital wallet. It marks the f

Ripple Unveils AI-Powered Treasury Upgrade, Adds 24/7 Stablecoin-Based Cash Management

Ripple has introduced a new service that uses artificial intelligence and stablecoins to support corporate treasury operations around the clock. On Oct. 26, Ripple said it unveiled new features for its corporate treasury platform, Ripple Treasury, at

Today’s Top Economic and Crypto Events: FOMC Day 1, US Durable Goods Orders

Today’s Top Economic Events ▶ Oct. 27 (Tuesday): △US September durable goods orders (9:30 p.m. Korea Standard Time) △US October consumer confidence index (11 p.m. Korea Standard Time) △Day 1 of the Federal Open Market Committee (FOMC) meeting △Corpor

Oil Falls for Second Day, With WTI Near $101 as US-Iran Escalation Fears Ease

Oil fell for a second straight day as diplomatic efforts continued to ease military tensions between the US and Iran. According to Bloomberg on October 26, West Texas Intermediate crude dropped to around $101 a barrel after falling 1.5% in the previo

US OCC Encourages Community Banks to Enter Stablecoin Issuance Ahead of January GENIUS Act Rollout

The Office of the Comptroller of the Currency has encouraged community banks to enter the market for payment stablecoins. Cointelegraph reported on October 26 that the OCC said in a post on X the previous day that it had finalized implementation rule

Strategy’s STRC Seeks World-First Daily Dividend Accrual; Rollout Could Start Next Week if Approved

Strategy, the corporate Bitcoin holder, plans to introduce a structure under which dividends on its preferred stock STRC accrue every calendar day. Phong Le, Strategy’s chief executive officer, wrote on X on October 26 that the change would be implem

US CFTC to Discuss Regulating AI-Driven Trading at Forum With Crypto Industry Participants

The US Commodity Futures Trading Commission is set to begin discussions on regulating the spread of artificial intelligence-powered automated trading. Crypto in America reported on October 26 that the CFTC’s innovation task force will hold the Fronti

Binance Founder CZ Says Crypto Will Be AI Era’s Core Currency, Sees Bigger Role for BNB Chain

Binance founder Changpeng Zhao, better known as CZ, said cryptocurrencies will become a key payment method in the age of artificial intelligence and expressed hope that BNB Chain will play a bigger role. The Block reported on October 26 that Zhao mad

NBA Names Kalshi, Polymarket as Official Prediction Market Partners, Teams With CFTC to Monitor Unfair Trading

The National Basketball Association has named Kalshi and Polymarket as its official prediction market partners and will tighten oversight to prevent unfair trading. Cointelegraph reported on October 26 that the NBA announced a day earlier it had desi

Anthropic Files for Nasdaq Listing With SEC, Eyes Mid-November IPO

Anthropic, the developer of the Claude artificial intelligence chatbot, has started the process for a US initial public offering. Cointelegraph reported on October 26 that Anthropic filed an S-1 registration statement with the US Securities and Excha

Bernstein Cuts Coinbase Price Target to $250 From $330, Raises Outlook for Robinhood and Circle

Bernstein lowered its earnings forecast and price target for Coinbase, citing weak cryptocurrency trading, while striking a more positive tone on Robinhood and Circle. The firm maintained its Outperform ratings on Coinbase, Robinhood and Circle in a