Suehyeon Lee

US House Holds First Crypto Tax Hearing in Years as Lawmakers Split on Pace

The U.S. House held its first legislative hearing in years on overhauling cryptocurrency tax rules, but lawmakers split over how quickly the measures should advance. The House Ways and Means Committee held the June 9 hearing on crypto taxation, The B

DAXA Identifies 12 Illegal Crypto Operators, Refers Case to Police

The Digital Asset eXchange Alliance, or DAXA, said on June 10 that a joint investigation with South Korea’s registered virtual asset service providers identified 12 illegal crypto operators and referred them to police for investigation. The probe ran

SpaceX IPO Draws More Than $250 Billion of Demand, More Than Triple Deal Size

Elon Musk's SpaceX has drawn more than $250 billion of investor demand for its planned initial public offering, Reuters reported on June 9. Orders for the IPO have exceeded $250 billion so far, roughly 3.5 to 4 times the company's target offering siz

Ethereum Futures Open Interest Falls 25% as 480,000 ETH Leave Major Exchanges

Open interest in Ethereum futures has dropped sharply, while Ethereum holdings on major exchanges have also declined. Cointelegraph reported on June 9 that total open interest in the Ethereum futures market fell about 25% to $12.6 billion from $16.6

BitMine Linked Wallets Add 75,000 ETH Worth $122 Million

Wallets believed to be tied to Ethereum treasury company BitMine added another large batch of Ether. On-chain analytics platform OnchainLens said June 9 that three newly created wallets received a combined 75,000 ETH from cryptocurrency exchange Krak

June 10 Watchlist: US, China May CPI Data; RAIN and Magic Eden Token Unlocks

Today's Key Economic Events ▶︎ Wednesday, June 10: △ China May consumer price index (10:30 a.m. Korea Standard Time) △ US May consumer price index (9:30 p.m. Korea Standard Time) △ US crude oil inventories (11:30 p.m. Korea Standard Time) Today's Key

US Senate CLARITY Act Ethics Talks Stall as Democrats, Republicans Trade Blame

Negotiations over ethics provisions in the US Senate's CLARITY Act, a bill to establish a market structure for digital assets, have run into trouble. Eleanor Terrett, host of CryptoAmerica, said on June 10 that a Democratic official familiar with bip

Oil Rebounds as Fresh U.S. Strikes on Iran Renew Middle East Tensions

Oil prices rebounded after reports of additional U.S. airstrikes on Iran. West Texas Intermediate rose nearly 2% intraday on June 9 and traded near $90 a barrel, Bloomberg reported. Crude had dropped 3.4% a day earlier, but regained ground as tension

Japan’s SBI Shinsei Bank to Offer Crypto Vouchers Equal to 20% of Deposit Interest

SBI Shinsei Bank, a unit of Japan’s SBI Group, plans to introduce a crypto rewards program for deposit customers. Starting this fall, the bank will offer customers vouchers worth 20% of their interest income that can be exchanged for crypto assets, N

US Spot Bitcoin ETFs Extend Outflows; Analysts See Signs Selling Pressure Is Easing

US spot Bitcoin exchange-traded funds continued to post outflows, even as analysts pointed to signs that broader selling pressure may be starting to ease. The Block reported on June 9 that US spot Bitcoin ETFs logged net outflows of $91.4 million a d

US Begins Defensive Airstrikes on Iran After Apache Helicopter Downing

The US military has begun defensive airstrikes against Iran in response to the downing of a US Army AH-64 Apache helicopter. US Central Command said in a statement on June 9 that it started the self-defense strikes against Iran at 5 p.m. Eastern time

Oil Steadies as Israel, Iran Agree to Halt Further Attacks

Oil prices stabilized after Israel and Iran agreed to halt further attacks, pausing a recent rally. Bloomberg reported on June 8 that West Texas Intermediate traded above $91 a barrel, while Brent settled near $94. The two countries had signaled they

BitMine Tops 5.54 Million ETH, Nears Goal of Holding 5% of Ethereum Supply

BitMine, an Ethereum treasury company, bought about 127,000 ETH over the past week, increasing its holdings to 5,543,872 ETH. Cointelegraph reported on June 8 that BitMine’s holdings now account for about 4.59% of Ethereum’s circulating supply. The c

Tokenized Stock Market Surges 147% in Six Months to $5.5 Billion on Rising Crypto Demand

Tokenized stocks are emerging as a major segment of the real-world asset, or RWA, tokenization market after posting rapid growth this year. The market for tokenized stocks has expanded to $5.5 billion from $2.23 billion at the start of 2026, The Bloc

OpenAI Files Confidentially for IPO, Targets $1 Trillion Valuation

OpenAI, the developer of ChatGPT, has begun the process for an initial public offering in the US. Reuters reported on June 8 that OpenAI submitted a confidential registration statement to the US Securities and Exchange Commission for the IPO. OpenAI

Analysis: Bitcoin Weakness Driven by AI Boom, IPO Expectations and Strategy Sale

Bitcoin’s recent weakness stems from a combination of factors, including the artificial intelligence investment boom, expectations for major technology initial public offerings and Strategy’s sale of Bitcoin, according to an analysis. CoinDesk report

Verse8, NEXPACE Launch MapleStory Creation Hub, $60,000 Game Jam

Verse8, an AI game-creation platform, said on June 8 that it has launched MSU Space, a dedicated creative hub for MapleStory intellectual property in partnership with NEXPACE, Nexon’s blockchain subsidiary. The project is the first IP collaboration b

Yuga Labs Completes Emergency Recovery of At-Risk NFTs, Including BAYC and CryptoPunks

Yuga Labs said it has completed an emergency recovery operation for high-value NFTs exposed to a security vulnerability in the NFT lending protocol Flooring Protocol. Chief Executive Officer Michael Figge wrote on X on June 8 that the company had fin

HTX Delists Trump Family-Backed Stablecoin USD1, Calls Address Freeze Unjustified

HTX has delisted USD1, the stablecoin issued by World Liberty Financial, or WLFI, a project backed by US President Donald Trump's family. Cointelegraph reported on June 8 that HTX would stop supporting USD1 trading after WLFI unilaterally froze on-ch

Securitize Nears NYSE Listing After SEC Clears SPAC Merger Registration

Securitize, a real-world asset tokenization platform, moved a step closer to a New York Stock Exchange listing after receiving approval from the U.S. Securities and Exchange Commission. Cointelegraph reported on June 8 that the SEC had declared effec

Upbit Data Lab Launches Data-Based Content Platform Intelligence

Dunamu said June 8 that Upbit Data Lab, which it operates, has launched Intelligence, a data-based content platform. Intelligence provides investors with market analysis, educational content, news briefings and real-time alerts based on digital-asset

Ethereum Co-Founder Lubin Says Foundation Overhaul Is Evolution, Not Crisis

Joseph Lubin, a co-founder of Ethereum, described the Ethereum Foundation's changes as a necessary evolution, not a crisis, as the organization faces criticism over budget cuts, staff departures and restructuring. Lubin told CoinDesk in an interview

Ethereum Whale Reenters at Lower Prices, Reaccumulates 57,000 ETH

A large whale known as an early Ethereum investor has started buying again after a recent wave of heavy selling. Onchain Lens said June 7 that the whale had previously sold 60,000 ETH and 9,442 wsETH at an average price of $2,106, raising about $146.

Coinone User Protection Team Wins Police Citation for Anti-Phishing Efforts

Coinone said June 8 that its user protection team received a citation from the commissioner general of the National Police Agency in recognition of its work protecting users and preventing phishing crimes. The award was presented June 4 at a signing

June 8 Economic, Crypto Calendar: US May CB Employment Trends Index Due

<Today's Key Economic Events> ▶ June 8 (Mon.): US May CB Employment Trends Index (11 p.m. Korea Standard Time) <Today's Key Cryptocurrency Events> ▶ June 8 (Mon.):

New York Court Pauses Suit Claiming Rights to 3.8 Million Bitcoin Until July 14 Hearing

A New York state court has paused the so-called Noah Doe lawsuit, which seeks ownership of Bitcoin wallets worth billions of dollars. The Block reported on June 7 that New York State Supreme Court Justice Kathy J. King ordered all proceedings halted

Oil Jumps More Than 3% as Middle East Tensions Escalate Again

Oil prices surged after military tensions between Iran and Israel flared again. On June 7, Bloomberg reported that Brent crude futures rose as much as 3.6% intraday to $96.47 a barrel. West Texas Intermediate climbed to near $94 a barrel. The rally w

Bitcoin Falls Back Below $63,000 as Middle East Tensions Stoke Volatility

Bitcoin briefly rose above $64,000 before slipping back below the $63,000 mark. As of 7:26 a.m. in South Korea on June 8, Bitcoin was trading at $62,996.49 on Binance's USDT market, up 4.17% from a day earlier. On Upbit's won market, it changed hands

Trump Says US Leads Iran Talks, Presses Netanyahu to Curb Retaliation

President Donald Trump publicly sought to restrain Israeli Prime Minister Benjamin Netanyahu, saying nuclear negotiations with Iran are being led by the US. In an interview, Trump said Netanyahu would have no choice but to accept any agreement reache

Bybit Launches Tokenized SpaceX IPO Subscription Product

Crypto exchange Bybit has launched a tokenized investment product tied to the SpaceX initial public offering. The Block reported on June 7 that Bybit will offer pre-listing access to SpaceX through its IPO Express platform. The subscription period op