Suehyeon Lee

Arthur Hayes Buys 1,500 More Ether, Signaling Potential for Further Accumulation

BitMEX co-founder Arthur Hayes has bought an additional 1,500 Ether. Onchain Lens said June 17 that Hayes purchased 1,500 Ether worth about $2.63 million from over-the-counter trading firm Cumberland. The transaction was identified through an address

CME CEO Says Exchange Will Sue CFTC Over Approval of Bitcoin Perpetual Futures

CME Group, operator of the largest derivatives exchange in the US, plans to sue the Commodity Futures Trading Commission over the regulator’s approval of perpetual futures. Terry Duffy, CME’s chief executive officer, told CNBC’s Fast Money on June 17

Kentucky Sues Kalshi, Polymarket Alleging Illegal Sports Betting

Kentucky has sued prediction-market platforms Kalshi and Polymarket, alleging they are operating illegal sports betting services. CoinDesk reported on June 17 that Kentucky Attorney General Russell Coleman filed the lawsuit, alleging Kalshi and Polym

Binance Faces MiCA Setback in Greece, Leaving France as Last EU Foothold

Binance is struggling to secure a license under the European Union’s Markets in Crypto-Assets regulation, or MiCA, in Greece, raising the possibility that France could become its last effective base in Europe. The Big Whale, a French crypto news outl

Kospi Hits Record Intraday High, Tops 8,960

Lee Su, Hankyung.com reporter 2su@hankyung.com

[Today’s Key Economic and Crypto Events] Fed Rate Decision, FOMC Press Conference on Tap

Today’s Key Economic Events ▶︎ June 18 (Thursday): △ Fed rate decision (3 a.m. Korea time) △ Federal Open Market Committee (FOMC) press conference (3 a.m. Korea time) △ Bank of England June rate decision (8 p.m. Korea time) △ U.S. June Philadelphia F

Illinois Enacts 0.2% Tax on Crypto Transactions, Prompting Industry Backlash

Illinois has enacted a bill imposing a 0.2% tax on cryptocurrency transactions and related services. The Block reported on June 17 that Illinois Governor JB Pritzker recently signed the Digital Asset Tax Act, or DATA. The law will take effect on Jan.

Strategy Preferred STRC Falls to Record Low $89 as Bitcoin Weakness, Dividend Concerns Weigh

Strategy’s preferred stock STRC fell to a record low of $89, deepening losses as weaker Bitcoin prices and concern about the sustainability of its dividend weighed on the shares. The Block reported on June 17 that STRC fell as low as $88.50 intraday

Bitcoin Breaks Below $64,000 as Hawkish Fed Signals Widen Losses

Bitcoin fell below $64,000 after hawkish signals from the Federal Reserve intensified the selloff. As of 7:04 a.m. on June 18 in Seoul, Bitcoin was trading at $63,996.00 on Binance's USDT market, down 2.7% from a day earlier. On Upbit's won market, i

Bitcoin Falls 2.2% as Hawkish Fed Signals Weigh on Crypto

Major cryptocurrencies fell across the board after the Federal Reserve left interest rates unchanged but delivered a hawkish message. The Block reported on June 17 that Bitcoin was trading near $64,150, down about 2.2% over the past 24 hours. Ether f

Bitcoin Sharpe Ratio Drops to -20, Matching Past Bear-Market Bottoms and Flashing Accumulation Signal

Bitcoin’s Sharpe ratio, a gauge of risk-adjusted returns, has dropped to a level seen at past bear-market lows, pointing to the possibility that the market is entering a bottoming phase. CoinDesk reported on June 17, citing CryptoQuant data, that Bit

ECB Officials Keep Door Open to More Rate Hikes Despite Hormuz Reopening

European Central Bank officials have kept open the possibility of additional interest-rate increases even after a peace agreement between the US and Iran. Bloomberg reported on June 17 that ECB policymakers believe the recent US-Iran accord may ease

Hyperliquid’s HYPE Jumps 44% in Five Days, Stoking Bets on a Break Above $80

Hyperliquid’s native token HYPE has surged 44% over the past five days, setting a fresh record high. Cointelegraph reported on June 17 that HYPE rose to an intraday record of $76.90. It later eased to around $73 as some investors took profits, but th

US Spot Ether ETFs Attract $9.61 Million for Second Straight Session

US spot Ether exchange-traded funds recorded net inflows for a second straight trading day. The funds posted combined net inflows of $9.61 million on June 16, according to Trader T. BlackRock's ETHA led the inflows with $17.34 million. BlackRock's st

US Spot Bitcoin ETFs Resume Inflows With $10.04 Million Added in a Day

U.S. spot Bitcoin exchange-traded funds swung back to net inflows. Data compiled by Trader T showed U.S. spot Bitcoin ETFs recorded net inflows of $10.04 million on June 16, reversing course after a single day of outflows. BlackRock's IBIT led the in

South Korea FTC Seeks Brokerage Views in Review of Dunamu-Naver Financial Deal

South Korea’s Fair Trade Commission has begun seeking feedback from major securities firms as it reviews the proposed business combination between Dunamu and Naver Financial. Yonhap News reported on June 17 that the commission recently asked 18 broke

SBF Says He’d Create New Coin After Prison, Files Trump Pardon Request

Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, said he may issue a new digital asset after leaving prison, New York Magazine reported. In a June 16 report, the magazine said Bankman-Fried, who is serving a 25-year prison sent

BitMine Buys 20,000 More ETH, Leaving 380,000 to Reach Target

BitMine, led by Tom Lee, bought more Ethereum. On-chain analyst EmberCN said on June 16 that BitMine purchased an additional 20,000 ETH through FalconX about five hours earlier. The purchase was worth about $35.85 million. BitMine is now close to rea

FANDOM Tokenizes Khalid, Ahn Hyo-seop Single, Letting Fans Share in Royalties

Global music franchise FANDOM said June 17 that it will tokenize "Something Special," a new single featuring singer Khalid and actor-artist Ahn Hyo-seop, on the blockchain. The project will be carried out on Injective, a layer-1 blockchain. It will a

US, Iran Release Draft Peace MOU Ahead of June 19 Signing, Including Hormuz Reopening and Sanctions Relief

The US and Iran are set to sign a memorandum of understanding in Switzerland on June 19 aimed at ending the war, with a draft of the agreement now made public. A 14-point draft of the MOU obtained by Bloomberg on June 16 shows the two countries would

Pump.fun Slump Deepens as Token Graduation Rate Drops 80%, Dragging on Solana Fees

Pump.fun’s deteriorating core metrics are starting to weigh on the broader Solana ecosystem, according to a report by The Block. The Solana-based memecoin launchpad’s seven-day average token graduation rate fell to 0.26% last week, The Block reported

[Today’s Key Economic and Crypto Events] US May Retail Sales Due

Today’s Key Economic Events ▶ June 17 (Wednesday): UK May consumer price index (3 p.m. Korea Standard Time); European Union May consumer price index (6 p.m. Korea Standard Time); US May retail sales (9:30 p.m. Korea Standard Time); US crude oil inven

Kalshi Tops $5.5 Billion in Perpetual Futures Volume, Plans Broader Asset-Class Expansion

Kalshi has logged more than $5.5 billion in trading volume within two weeks of launching perpetual futures. Tarek Mansour, Kalshi's co-founder, said at the Bloomberg Market Structure Conference on June 16 that perpetual futures had become the company

WTI Slides 16% in Four Sessions to Three-Month Low on Hopes for U.S.-Iran Accord

International oil prices fell to their lowest level in three months amid expectations that the U.S. and Iran will reach an agreement to reopen the Strait of Hormuz. West Texas Intermediate traded below $77 a barrel on June 16, extending its decline t

Strategy Preferred STRC Posts Third-Lowest Close Since Listing Amid Dividend Sustainability Concerns

Strategy's dividend-paying preferred stock STRC posted its third-lowest close since listing as Bitcoin remained weak and concerns mounted over the sustainability of its dividend. CoinDesk reported that STRC closed at $91.79 on June 15. That was its t

US Congress Reaches Deal on Sweeping Housing Bill With CBDC Ban

U.S. House and Senate leaders have reached agreement on a sweeping housing bill after months of negotiations. Bloomberg reported on June 16 that the two chambers finalized legislation aimed at increasing housing supply and easing affordability pressu

Lummis, Bipartisan Senators Urge Treasury to Preserve State Authority in Stablecoin Rules

A bipartisan group of U.S. senators led by Cynthia Lummis urged the Treasury Department to preserve states' supervisory authority as stablecoin regulations are implemented. The Block reported on June 16 that Lummis, Kirsten Gillibrand and Bill Hagert

SpaceX Leveraged ETF Frenzy Tops $1.3 Billion in Trading Two Days After Launch

Two 2x leveraged ETFs tracking Elon Musk's space company SpaceX are drawing intense investor interest, with trading volumes surging immediately after launch. On June 16, Bloomberg ETF analyst Eric Balchunas wrote on X that trading in SpaceX leveraged

Bitcoin Falls Back Below $66,000 Despite US-Iran Peace Deal as Relief Rally Fails to Convince

Bitcoin posted only modest gains despite news of a peace agreement between the US and Iran, highlighting investors' cautious stance. While stocks and oil reacted immediately, the crypto market appeared to be waiting to see whether the agreement will

GAO Urges FDIC to Strengthen Coordination With Federal Regulators on Blockchain Risks

The U.S. Government Accountability Office has recommended that the Federal Deposit Insurance Corp. establish a coordination framework with other federal regulators to address risks related to blockchain technology. Cointelegraph reported June 16 that