Suehyeon Lee

SEC to Consider Tailored Offering Rules for Crypto Investment Contracts at Aug. 15 Meeting

The US Securities and Exchange Commission is set to discuss whether to introduce new offering rules for cryptocurrency-related investment contracts. Eleanor Terrett, host of Crypto in America, said the SEC will hold an open meeting at 10 a.m. Eastern

Anthropic Signs $9.1 Billion Cloud-Computing Deal With Bitcoin Miner Riot Platforms

Anthropic has signed a long-term cloud-computing supply agreement worth $9.1 billion with Riot Platforms, the Bitcoin miner. Bloomberg reported on Aug. 10 that Anthropic struck the deal with Riot. The contract runs through June 2048, or roughly 20 ye

Today's Key Economic and Cryptocurrency Events: US July Home Sales

Today's Key Economic Events ▶ Aug. 11 (Tue.): Australia interest-rate decision (1:30 p.m. Korea time, 2:30 p.m. in Australia) US July home sales (11 p.m. Korea time, 10 a.m. in the US) Today's Key Cryptocurrency Events ▶ Aug. 11 (Tue.): None

Bessent’s ‘Whatever Is Necessary’ Pledge on Yen Support Faces Skepticism Over US Firepower

U.S. Treasury Secretary Scott Bessent said he would do “whatever is necessary” to help Japan defend the yen, but markets are questioning how much capacity the Treasury actually has to intervene. Bloomberg reported on Aug. 10 that the yen traded above

Oil Rises for Third Day as Trump Adds Demands in Iran Talks

Oil rose for a third straight session as uncertainty grew over negotiations to reopen the Strait of Hormuz. West Texas Intermediate traded near $82 a barrel on August 10, according to Bloomberg. It jumped 5.1% in the previous session, while Brent set

Cleveland Fed’s Hammack Says One Rate Hike May Not Be Enough, Sees Scope for More

Beth Hammack, president of the Federal Reserve Bank of Cleveland, said more than one interest-rate increase may be needed to bring inflation back to the Federal Reserve’s 2% target. Hammack told Yahoo Finance on August 10 that a single 25-basis-point

Strategy CEO Says Firm Is Bitcoin’s ‘Central Bank,’ Holds $4.75 Billion in Cash

Strategy says it is moving beyond simply holding Bitcoin and shifting toward a digital finance platform, with ambitions to serve as the Bitcoin market’s “central bank.” In an interview with CoinDesk published on Aug. 10, Chief Executive Officer Phong

Trump Media Posts $360 Million First-Half Crypto Loss as Bitcoin Holdings Decline

Trump Media & Technology Group recorded a $360 million loss on cryptocurrency investments in the first half of the year. Its Bitcoin holdings also fell during the period. CoinDesk reported on August 10 that Trump Media said in a quarterly report file

Yen Is August’s Worst-Performing G-10 Currency as Joint Intervention Effect Fades

The yen has emerged as the weakest Group-of-10 currency in August as the impact of joint U.S.-Japan intervention in the foreign-exchange market fades. As of Aug. 10, the yen had fallen about 0.5% against the dollar this month, the worst return among

CryptoQuant’s Ki Young Ju Says CME Hedge Funds Turn Net Long Bitcoin Futures, Bet on Rally

Hedge funds trading on the Chicago Mercantile Exchange have turned net long on Bitcoin futures, a sign they are betting on further gains, according to CryptoQuant CEO Ki Young Ju. Ju wrote in a post on X on Aug. 10 that CME hedge funds had shifted to

Grayscale Withdraws SEC Filings for Cardano, Hedera, Polkadot Spot ETFs

Grayscale has withdrawn registration filings for spot exchange-traded funds tied to Cardano, Hedera and Polkadot. Wu Blockchain reported on Aug. 10 that Grayscale filed Form RW with the U.S. Securities and Exchange Commission on Aug. 7 to withdraw th

Quantum Hacking May Target Exchanges Before Satoshi Wallets, Report Says

If the so-called Q-Day arrives and quantum computers break current cryptography, wallets controlled by exchanges or stablecoin issuers could be targeted before the Bitcoin linked to Satoshi Nakamoto, Cointelegraph reported on August 10. Christopher S

US Spot Bitcoin, Ether ETFs Extend Inflow Streak to Five Weeks With $854 Million and $245 Million

US spot Bitcoin and Ether exchange-traded funds recorded net inflows for a fifth straight week. Wu Blockchain said on August 10 that US spot Bitcoin ETFs posted combined net inflows of $854 million last week, covering August 3 through August 7. Over

Kosdaq Jumps More Than 30% From July Low as Curbs on Chip Leverage ETFs Redirect Cash

Tighter rules on leveraged exchange-traded funds tied to South Korea’s large semiconductor stocks are pushing investor money into the Kosdaq market. Bloomberg reported on Aug. 10 that the Kosdaq Index rose as much as 6.8% intraday. The gauge has clim

BDACS, ZEKTO, LK Ventures Team Up to Pilot KRW1 Stablecoin Payments

BDACS, a digital-asset custody company, said Aug. 10 that it signed a memorandum of understanding with digital-asset payment solutions provider ZEKTO and LK Ventures, operator of the self-photo booth brand Life4Cuts, to build a payment system using a

South Korea Seeks to Ease Crypto Major-Shareholder Disqualification Rules for Minor Violations

South Korea’s Financial Services Commission is seeking to create exceptions that would let major shareholders of virtual-asset service providers avoid disqualification even if they receive criminal penalties for legal violations, when the penalties s

Whale Sells Another 1,019 Bitcoin, Bringing Three-Week Total to 7,513 BTC

A major Bitcoin holder has sold more than 1,000 additional tokens. On-chain analytics platform Lookonchain said on Aug. 9 that the whale sold another 1,019 Bitcoin worth about $66.4 million around seven hours earlier. The whale has offloaded a total

BOJ Minutes Show Hawkish Shift as Some Members See Faster Rate Hikes

Hawkish views have surfaced inside the Bank of Japan, with some policymakers indicating the pace of benchmark rate hikes could exceed market expectations. Bloomberg reported on August 9 that a summary of opinions from the BOJ's July 30-31 monetary po

Bitcoin BIP-110 Fork Chain All But Stalls After Two Blocks

A fork of the Bitcoin network that enforces the BIP-110 rule has all but stalled after producing just two blocks, and is rapidly falling further behind the main chain. Cointelegraph reported on August 9 that the BIP-110 chain stopped progressing at b

Gold Extends Rally as Weak US Jobs Data Temper Rate-Hike Fears

Gold extended its gains as signs of a cooling US labor market eased concern over further interest-rate increases and weakened the dollar. Spot gold traded near $4,345 an ounce on August 9, Bloomberg reported. Bullion surged more than 7% last week, it

CLARITY Act Senate Push Hits Roadblock as US Regional Banks Win Crypto Lobbying Fight

Opposition from US regional banks has slowed Senate consideration of the CLARITY Act, a digital-asset market structure bill, in what was described as the crypto industry's biggest political setback in the past two years. On August 9, Punchbowl News r

Former US Defense Secretary Calls CLARITY Act a National Security Bill, Urges Swift Senate Passage

Former US Defense Secretary Mark Esper urged Congress to swiftly pass the CLARITY Act, arguing that the digital-asset regulatory bill is also a matter of national security. Cointelegraph reported on August 9 that Esper made the case in a Financial Ti

Kosdaq Surges More Than 4%, Triggering Buy-Side Sidecar

Ruling Party Lawmaker Proposes 3-Year Delay to South Korea Crypto Tax, Seeks 2030 Start

South Korea’s ruling People Power Party plans to submit a bill to delay taxation on virtual-asset income, currently set to take effect next year. MBN reported on August 10 that Rep. Jeong Seong-guk of the People Power Party will introduce an amendmen

Analysis: Bitcoin Whale Inflows to Binance Stay High as Market Tests $65,000 Support

Bitcoin was trading near $65,000 as large-holder inflows to Binance remained elevated, according to a CryptoQuant analysis. On Aug. 9, CryptoQuant contributor Xwin Japan wrote that Binance's Exchange Whale Ratio was holding at about 0.5 based on on-c

Oil Extends Rally Above $84 as Hormuz Reopening Talks Drag On

Oil extended its gains as delays in talks to reopen the Strait of Hormuz and rising tensions in the Middle East continued to support prices. Brent crude has climbed more than 5% over the past three trading sessions and was trading above $84 a barrel

Strategy CEO Says Bitcoin Proved Resilient Despite Sales, Hack and Senate Delay on CLARITY Act

Phong Le, chief executive officer of Strategy, underscored Bitcoin's resilience. In a post on X on Aug. 9, Le wrote that "Bitcoin has once again proven its resilience amid Strategy's sales, security threats, delays in the U.S. Senate's consideration

Hyperliquid Volume Hits Record as Revenue Drops 43%, Buybacks Cut in Half

Hyperliquid, a decentralized derivatives exchange, is posting record trading activity even as platform revenue shrinks sharply. CoinDesk reported on Aug. 9 that Hyperliquid’s open interest rose above $11 billion on July 13, the highest level this yea

Brazil to Require 24-Hour Hold on Crypto Withdrawals Above $10,000

Brazil's central bank will require a 24-hour hold on certain cryptocurrency withdrawals above $10,000 as part of efforts to combat money laundering and financial fraud. The Block reported on August 9 that the Banco Central do Brasil has issued a rule

US-Japan Yen Intervention Revives Bitcoin Fears of Carry-Trade Unwind

The yen’s sharp rebound after a joint foreign-exchange intervention by the US and Japan has revived concern in the Bitcoin market over a potential unwind of yen carry trades. Japanese Finance Minister Katayama said in a statement on Aug. 3 that autho