Suehyeon Lee

Cardano Project SecondFi Says Hack Losses May Exceed $20 Million

SecondFi, a project in the Cardano ecosystem, said a recent security breach stemmed from a flaw in its proprietary wallet-generation software, with one analysis suggesting total losses may exceed $20 million. Wu Blockchain reported on June 23 that Se

[Analysis] Bitcoin Bear-Market Bottom May Be Approaching as Investors Misread Global Liquidity, 10x Research Says

Investors are misreading a global liquidity indicator closely tracked by Bitcoin market participants, while the cryptocurrency may actually be nearing a bear-market bottom, according to 10x Research. In a recent report dated June 23, 10x Research sai

Kyobo Life Completes Test of Korean Won Stablecoin System for Premium Payments, Claim Payouts

Kyobo Life Insurance said on June 24 that it had confirmed the technical feasibility of using a Korean won stablecoin to collect insurance premiums and pay claims. The company recently shared the results of a proof-of-concept for a Korean won stablec

Suspected BitMine-Linked Wallets Withdraw 35,138 ETH From BitGo, Kraken

Two newly created wallets believed to be linked to BitMine have withdrawn a large amount of Ether. OnchainLens said on June 23 that the wallets withdrew a combined 35,138 ETH from custodian BitGo and cryptocurrency exchange Kraken. The tokens were wo

Bitcoin Tops $63,000 as Major Altcoins Trim Losses

Bitcoin recouped some of its losses and moved back above $63,000. As of 9:42 a.m. on June 24 in Korea, Bitcoin was trading at $63,006.55 on Binance's USDT market, down 1.6% from a day earlier. On Upbit's won market, it was trading at 94.941 million w

BlackRock Says Bitcoin’s Role Is Evolving, Calls 1%-2% Portfolio Allocation Appropriate

BlackRock Inc., the world’s largest asset manager, said Bitcoin is a viable diversification asset in investment portfolios and suggested a 1% to 2% allocation. Wu Blockchain reported on June 23 that BlackRock said in a recent report that Bitcoin’s ro

US House Passes Bill to Bar Fed From Issuing CBDC Until 2030

The US House of Representatives passed a bill that would bar the Federal Reserve from issuing a central bank digital currency, or CBDC, until 2030. Watcher.Guru reported on June 23 that the House formally approved legislation restricting the Fed from

Key Economic, Crypto Events for June 24: US May New-Home Sales, Micron Earnings

Key Economic Events for June 24 ▶ June 24 (Wednesday): US building permits for May (9:30 p.m. Korea Standard Time); US new-home sales for May (11 p.m. Korea Standard Time); corporate earnings: Micron Technology (MU) Key Cryptocurrency Event for June

US Law Enforcement Groups Raise Concerns Over Clarity Act, Say BRCA Provision May Hinder Crypto Crime Cases

Major US law enforcement groups have raised concerns about the Clarity Act, a digital-asset market structure bill, injecting a new complication into negotiations ahead of a potential Senate floor vote. Eleanor Terrett, host of CryptoAmerica, reported

Democratic Senators Seek Hearing on Trump Family, Abu Dhabi Crypto Deal Allegations

Democratic senators are calling for a congressional hearing into alleged dealings between President Donald Trump’s family crypto business and the Abu Dhabi royal family. The Block reported on June 23 that Democratic senators including Elizabeth Warre

Trump’s Quantum Security Orders Seen as a Tailwind for Bitcoin

President Donald Trump’s plan to devote substantial government resources to quantum computing and quantum security could ultimately benefit cryptocurrencies including Bitcoin, according to industry participants. The Block reported on June 23 that Ale

CryptoQuant Says Strategy Should Pause Bitcoin Buying and Rebuild Cash

CryptoQuant said Strategy should temporarily stop buying Bitcoin and focus on rebuilding its cash reserves. The Block reported on June 23 that Julio Moreno, CryptoQuant's head of research, wrote in a report that Strategy should halt Bitcoin purchases

Cboe Revives Binary Options After Decade, Escalating Challenge to Kalshi and Polymarket

Cboe Global Markets is relaunching binary options more than a decade after exiting the business, marking a broader push into the fast-growing prediction-market arena. Bloomberg reported on June 23 that Cboe will list binary options tied to the S&P 50

Franklin Templeton Completes 250 Digital Deal, Launches Franklin Crypto Unit

Franklin Templeton, the global asset manager with $1.7 trillion in assets under management, has launched a dedicated digital-asset investment unit. CoinDesk reported on June 23 that Franklin Templeton completed its acquisition of crypto investment fi

US June Services PMI at 51.3, Tops Forecast

U.S. services activity remained in expansion territory in June, edging past market expectations. Investing.com reported on June 23 that the S&P Global U.S. Services Purchasing Managers’ Index stood at 51.3 in June. That was above the market forecast

US June S&P Global Manufacturing PMI Rises to 55.7, Beating Forecast

US manufacturing activity exceeded market expectations in June and remained in expansion territory. Investing.com reported on June 23 that the US S&P Global manufacturing purchasing managers index, or PMI, stood at 55.7 in June. That topped the marke

Ethereum Foundation Cuts 20% of Staff in Organizational Overhaul

The Ethereum Foundation has cut about 20% of its workforce as part of an organizational overhaul. In a blog post published June 23, the foundation said the reduction is part of its "Lean Ethereum" strategy to remake itself into a more efficient proto

US Clarity Act Faces Final Senate Hurdles Over Ethics, DeFi Rules

The deadline for the U.S. Senate to pass the Clarity Act, a market-structure bill for digital assets, is drawing closer as negotiations continue over several key provisions. CoinDesk reported on June 23 that the biggest sticking point is a provision

Analysis: Bitcoin Whale Inflows to Binance Rise, Raising Risk of Further Volatility

Bitcoin whale inflows to exchanges are increasing, raising the risk of wider market volatility, according to a CryptoQuant analysis. MorenoDV, a contributor to CryptoQuant, wrote on June 23 that whale inflows to Binance have continued throughout June

Benchmark Rejects TerraUSD Comparison as Strategy’s STRC Trades 11% Below $100

Strategy’s floating-rate preferred stock STRC has drawn comparisons to the collapse of TerraUSD, or UST, after a recent slide. Benchmark Research analyst Mark Palmer says the two assets are fundamentally different. CoinDesk reported on June 23 that P

Analysis: Crypto Market May Trade Sideways as Leverage Clears and Buying Cools

Much of the excessive leverage that had built up in the cryptocurrency market has now been cleared, but buying interest remains too weak to drive a fresh rally, according to a market analysis. Wintermute said in its latest market report, cited by Wu

Trump Says Iran Accepts Highest-Level Nuclear Inspections, US to Reopen Hormuz Strait

President Donald Trump said Iran has agreed to accept long-term inspections of its nuclear facilities, prompting the US to reopen the Strait of Hormuz. In a Truth Social post on June 23, Trump wrote that Iran had agreed to "fully accept the highest l

Oman, Iran Seek Joint Body to Oversee Future Navigation in Strait of Hormuz

Oman and Iran plan to form a joint consultative body to discuss how navigation through the Strait of Hormuz will be managed in the future. Walter Bloomberg reported on June 23 that the two countries said they would create a joint team aimed at reachi

EU Parliament Committee Approves Digital Euro Bill, Setting Up 2029 Launch Talks

The European Parliament’s Committee on Economic and Monetary Affairs, or ECON, has taken another step toward establishing a legal framework for a digital euro, advancing the European Central Bank’s central bank digital currency project. Bloomberg rep

Hezbollah Says Israeli Attacks Violate Ceasefire Agreement

Hezbollah, the Lebanese armed group, said Israel’s recent military actions violated the ceasefire agreement. Walter Bloomberg reported on June 23 that Hezbollah said in a statement that “Israel’s attacks violated the ceasefire agreement.” The stateme

Analysis: Ethereum Falls Below 200-Hour SMA, Opening Risk of Drop to $1,580

Ethereum could face further losses, according to crypto analyst Ali Martinez. Martinez wrote on X on June 23 that Ethereum was trading below its 200-hour simple moving average, or SMA. If it fails to rebound from current levels, $1,580 could be the n

Ripple Gets Preliminary MiCA Approval for CASP License in Luxembourg

Ripple said it has received preliminary approval for a crypto-asset service provider, or CASP, license under the European Union’s Markets in Crypto-Assets, or MiCA, framework. Ripple announced on June 23 that Luxembourg’s Commission de Surveillance d

Analysis: Hyperliquid Traders Boost Bitcoin Long Bets Despite Pullback From Peak

Bitcoin (BTC) is still trading below its peak, but bullish bets among Hyperliquid (HYPE) traders are continuing to grow, according to an analysis. Glassnode wrote on X on June 23 that Hyperliquid traders were increasingly leaning long even though Bit

Kalshi Bars India Users as Country Tightens Prediction-Market Rules

Kalshi has added India to its list of restricted jurisdictions. Bloomberg reported June 23 that Kalshi, in revised membership terms dated June 17, said residents of India as well as entities and organizations based in the country are barred from trad

Bitcoin Drops Below $62,000