Suehyeon Lee

Trump-Backed World Liberty Financial to Pay $250,000 UFC Bonus in USD1

World Liberty Financial, the decentralized finance project led by US President Donald Trump’s family, will pay part of a UFC event bonus in its own stablecoin, USD1. The Block reported on June 14 that World Liberty Financial will sponsor the Performa

Bitcoin Reclaims $65,000 as U.S.-Iran Agreement Spurs Rebound

Bitcoin extended its rebound and retook the $65,000 level after news that the U.S. and Iran had reached an agreement. As of 6:44 a.m. June 15 in Korea, Bitcoin was trading at $65,272 on Binance's USDT market, up 1.11% from a day earlier. On Upbit's w

Trump Says Iran Talks Complete, Approves Full Reopening of Strait of Hormuz

President Donald Trump said he had formally approved the resumption of transit through the Strait of Hormuz and ordered the U.S. Navy to lift its blockade after negotiations with Iran were completed. In a Truth Social post on June 14, Trump said "neg

Analysis: Bitcoin Enters Historically Undervalued Zone Near 200-Week Moving Average

Bitcoin has entered an undervalued zone previously seen only in the later stages of past bear markets, according to an analysis. CoinDesk reported on June 11 that on-chain analytics firm Checkonchain sees Bitcoin trading near its 200-week moving aver

Hotter US CPI at 4.2% May Add to Bitcoin Downside, Analysts Say

Persistently elevated U.S. consumer inflation may add further downward pressure on Bitcoin, analysts said. Cointelegraph reported on June 11 that the U.S. consumer price index rose 4.2% in May from a year earlier. The reading weakened expectations fo

US States Move to Ban Crypto ATMs, Citing Role in Fraud

Some US states are increasingly moving to ban cryptocurrency kiosks, or ATMs, outright. Cointelegraph reported on June 11 that the Delaware House Economic Development, Banking, Insurance & Commerce Committee sent a bill to the full House that would p

U.S. Spot Ether ETFs Post $35.57 Million of Net Outflows for Second Straight Session

U.S. spot Ether exchange-traded funds extended their run of net outflows. Trader T data showed the funds posted combined net outflows of $35.57 million in the previous session on June 10, marking a second straight trading day of redemptions. The outf

US Spot-Bitcoin ETFs Post $213.84 Million of Net Outflows for Fourth Straight Session

U.S. spot-Bitcoin exchange-traded funds extended their run of net outflows. Data compiled by Trader T showed the funds posted combined net outflows of $213.84 million on June 10, marking a fourth consecutive trading session of withdrawals. BlackRock'

Nasdaq-Listed Tron Inc. Buys 154,608 More TRX, Taking Holdings Above 700 Million

Nasdaq-listed Tron Inc. (NASDAQ: TRON) has expanded its corporate reserves with an additional purchase of TRX. On June 11, the company said it acquired 154,608 TRX at an average price of $0.3234. The purchase pushed its total TRX holdings above 700 m

Strategy CEO Says 32-Bitcoin Sale Was a Systems Test, Firm Still a Net Buyer

Strategy Chief Executive Officer Phong Le said the company’s recent sale of a small portion of its Bitcoin holdings was intended to test internal systems, not to address financial difficulties. Le told CNBC on June 10 that the sale of 32 Bitcoin was

Oil Rises More Than 2% After Iran Declares Strait of Hormuz Closure

International oil prices extended gains after Iran declared the closure of the Strait of Hormuz and news emerged of additional U.S. airstrikes on Iran. Reuters reported on June 10 that Brent crude futures rose 2.47% to $95.40 a barrel. West Texas Int

Bitcoin Whales Keep Accumulating, With $190 Million Withdrawn From OKX and BitGo

Large investors known as whales appear to have continued accumulating Bitcoin during the recent price correction. Lookonchain said on June 10 that wallet address bc1q2t withdrew a total of 2,341 BTC from crypto exchange OKX over the past five days. T

Could a SpaceX IPO Rattle Crypto? Bitcoin Outflows Seen as Investors Raise Cash

A potential initial public offering by Elon Musk’s SpaceX could have a meaningful impact on the cryptocurrency market. The Block reported on June 10 that some market participants see money flowing out of digital assets such as Bitcoin and Ether as in

XRP On-Chain Activity Plunges, With $0.65 Emerging as Key Support

XRP’s on-chain activity has slowed sharply since its peak this year, according to market data. Glassnode data cited by Cointelegraph on June 10 showed the XRP network’s 90-day average fees fell to about 500 XRP recently from roughly 5,900 XRP in Febr

Bitcoin Reclaims $62,000 as Altcoin Weakness Persists

Bitcoin edged higher, reclaiming the $62,000 level. As of 10:17 a.m. on June 11, Bitcoin was trading at $62,130 on Binance's USDT market, up 0.44% from a day earlier. On Upbit's won market, it traded at 93.451 million won, up 0.92%. Major altcoins, i

US Central Command Says It Completed Additional Strikes on Iranian Military Sites

The US said it has completed additional airstrikes on military facilities in Iran. US Central Command, or CENTCOM, said in a post on X on June 10 that, under the president's orders, it had "completed additional self-defense strikes against multiple t

Tom Lee Says BitMine May Not Need to Hold 5% of Ethereum Supply

Tom Lee, the chairman leading BitMine’s Ethereum accumulation strategy, said the company may not need to own 5% of the token’s total supply. Eric Balchunas, a Bloomberg ETF analyst, said on June 10 that Lee made the remarks at a recent DACFP financia

US Government Moves Additional Seized FTX, Alameda Crypto Worth About $216,000

The US government has moved additional cryptocurrency tied to assets seized from FTX and Alameda Research. On-chain analytics platform Onchain Lens said on June 10 that the government transferred about $216,000 worth of cryptocurrency to a new wallet

Key Economic and Cryptocurrency Events for June 11: US Jobless Claims, EU Rate Decision

Key Economic Events for Today ▶ June 11 (Thursday): EU June interest-rate decision (9:15 p.m. Korea Standard Time); U.S. initial jobless claims (9:30 p.m. Korea Standard Time); U.S. producer price index (9:30 p.m. Korea Standard Time) Key Cryptocurre

CryptoQuant Sees Possible Bitcoin Bottom at $53,600 as Demand Recovery Lags

Bitcoin could form a bottom near $53,600, but weak market demand means it is too early to call a broader bullish reversal, according to CryptoQuant. The Block reported on June 10 that Julio Moreno, CryptoQuant's head of research, wrote in a report th

US Launches Additional Airstrikes on Iran, Calls Them Self-Defense

The US has launched additional airstrikes on Iran. US Central Command said in a post on X on June 10 that, beginning at 5:15 p.m. Eastern time, it had started additional self-defense airstrikes on multiple targets inside Iran under the president's or

Oil Jumps as US-Iran Conflict Escalates; WTI Tops $92 a Barrel

Oil climbed as the conflict between the US and Iran intensified, renewing concerns over supply disruptions as a Middle East ceasefire came under strain. According to Bloomberg, West Texas Intermediate futures rose as much as 2.6% intraday on June 10

Bitwise CIO Says Adviser Interest Is Shifting From Bitcoin to Stablecoins, Tokenization

Financial advisers are shifting their interest in digital assets away from Bitcoin and toward stablecoins and real-world asset tokenization, according to Bitwise Chief Investment Officer Matt Hougan. In an investor letter dated June 10, Hougan wrote

US Bitcoin ETF Assets Fall Back to Post-Trump Election Levels After $5 Billion Outflow in Four Weeks

US spot Bitcoin exchange-traded funds have slid back to asset levels last seen just after last year's US presidential election following a recent stretch of heavy outflows. CoinDesk reported on June 10 that the 11 US spot Bitcoin ETFs held $77.58 bil

[Analysis] Bitcoin Whales Scoop Up Coins as Price Falls to $60,000

Bitcoin whale investors appear to have bought aggressively as the cryptocurrency slid to the $60,000 level. CryptoQuant contributor Woominkyu wrote on June 10 that recent on-chain data shows large holders actively accumulated Bitcoin while retail inv

Analysis: Dormant Cardano Wallets Reactivate, Putting Rebound Signal in Focus

Large Cardano (ADA) wallets that had been inactive for an extended period have recently resumed activity on the network. On-chain analytics firm Santiment reported on June 10 that it had detected unusual changes in Cardano’s Mean Dollar Invested Age

CME Launches Crypto Index Futures Tracking Bitcoin, Ether and Solana

CME Group has launched a cryptocurrency index futures product that lets investors track major digital assets through a single contract. Spot On Chain, citing Huffy, reported on June 9 that CME recently began trading Nasdaq CME Crypto Index Futures. T

US Spot Ether ETFs See $40.83 Million in Net Outflows as Grayscale Leads Withdrawals

US spot Ether exchange-traded funds swung to net outflows after three trading days. Data from Trader T showed the funds recorded combined net outflows of $40.83 million on June 9. Most of the withdrawals came from Grayscale products. Grayscale's ETHE

US Spot-Bitcoin ETFs See $77.44 Million in Net Outflows for Third Straight Trading Day

U.S. spot-Bitcoin exchange-traded funds extended their losing streak. The funds posted combined net outflows of $77.44 million on June 9, according to Trader T. It was the third straight trading day of net outflows. BlackRock's IBIT led the withdrawa

Japan’s Three Megabanks Seek Joint Stablecoin Issuance by March 2027

Japan’s three biggest financial groups are preparing a joint stablecoin issuance. Reuters reported on June 9 that banks under Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. plan to issue a st