Suehyeon Lee

shlee@bloomingbit.io

I'm reporter Suehyeon Lee, your Web3 Moderator.

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Published Articles 4,451

BTC
JPMorgan Says Strategy Needs Larger Cash Buffer as Bitcoin Sale Stokes Fears
JPMorgan said Strategy needs to increase its dollar cash holdings to restore investor confidence after its recent Bitcoin sale. The Block reported on June 7 that a JPMorgan research team led by Managing Director Nikolaos Panigirtzoglou said in a repo
6.7
BTC
Bitcoin Briefly Reclaims $61,000
6.6
ETH
US Spot Ether ETFs Post $6 Million Net Outflow as BlackRock’s ETHA Leads Withdrawals
US spot Ether exchange-traded funds recorded net outflows. Data from Farside Investors showed US spot Ether ETFs posted total net outflows of $6 million on June 5. The funds had swung back to net inflows just a day earlier. BlackRock’s ETHA accounted
6.6
BTC ETH XRP
Bitcoin Falls Below $60,000, Lowest Since Trump’s Re-Election
Bitcoin fell below $60,000 for the first time since US President Donald Trump’s re-election. As of 1:37 p.m. in South Korea on June 6, Bitcoin was trading at $59,622 on Binance’s USDT market, down 5.47% from a day earlier. On Upbit’s won market, it t
6.6PiCK
BTC
US Spot Bitcoin ETFs See $325.66 Million in One-Day Outflows, Led by BlackRock
U.S. spot Bitcoin exchange-traded funds returned to net outflows after just one day of net inflows. The funds recorded total net outflows of $325.66 million on June 5, according to Trader T. BlackRock's IBIT led the outflows, with $213.63 million lea
6.6PiCK
BTC
Bitcoin Falls Below $60,000
6.6Breaking
Galaxy Research Cuts Odds of CLARITY Act Passing by 2026 to 60% Amid Senate Delay Concerns
The odds of the CLARITY Act, a US crypto market-structure bill, passing by the end of 2026 have fallen, according to Galaxy Research. On June 5, Alex Thorn, head of research at Galaxy Research, wrote on X that he had lowered his estimate for the bill
6.6
Kraken Launches SpaceX IPO Access Service Through Tokenized Shares
Cryptocurrency exchange Kraken is launching an investment service for SpaceX's initial public offering through xStocks, its tokenized stock platform. Cointelegraph reported on June 5 that Kraken selected SpaceX as the first company for its xStocks IP
6.6
US Oil, Fuel Inventories Fall to Lowest Since 2004 as Middle East Disruptions Drive Export Surge
U.S. crude oil and petroleum product inventories have fallen to their lowest level since 2004 as supply disruptions in the Middle East fuel a surge in exports. Data from the U.S. Energy Information Administration cited by The Kobeissi Letter on June
6.6
BTC
Institutional Bitcoin Holdings Drop 17% in First Quarter as Hedge Funds, Brokers Retreat
Institutional investors sharply reduced their Bitcoin holdings in the first quarter. CoinShares said on June 5 that its analysis of 13F filings with the U.S. Securities and Exchange Commission showed professional investors' Bitcoin holdings fell to 2
6.6
ETH
Whale Buys $46.69 Million of Ether via OTC, Pushing Holdings Above 180,000 ETH
A large investor has added to its Ether holdings through an over-the-counter trade. OnchainLens said on June 5 that wallet address "0xFB7" recently bought an additional 29,000 ETH through institutional trading platform FalconX. The purchase was worth
6.6
SEC Drafting Rules for Tokenized Securities, Weighing Perpetual Futures
The U.S. Securities and Exchange Commission is developing a regulatory framework for the listing and trading of tokenized securities. Wu Blockchain reported on June 5 that Jamie Selway, director of the SEC’s Division of Trading and Markets, said the
6.6
Ethereum Slides to $1,540, Lowest Since May 2025, as DeFi Hacks and Zcash Flaw Weigh on Sentiment
Ethereum fell to its lowest level in 13 months, further dampening investor sentiment. Cointelegraph reported on June 5 that Ethereum dropped as low as $1,540 during the session, its weakest level since May 2025. Selling pressure intensified as a broa
6.6
US Says It Downed Four Iranian Drones Bound for Strait of Hormuz, Hit Radar Sites
The US military said it shot down four Iranian one-way attack drones headed toward the Strait of Hormuz and carried out retaliatory strikes on Iranian coastal surveillance facilities. US Central Command said in a post on X on June 5 that American for
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US House Drafts Seven Bills to Overhaul Crypto Tax Rules, Targeting Stablecoins and Staking
The US House of Representatives is preparing to release draft legislation that would reshape the tax framework for digital assets. Eleanor Terrett, host of CryptoAmerica, reported on June 5 that the House Ways and Means Committee had prepared seven d
6.5
Strong US Jobs Data Revive Rate-Hike Bets Ahead of Fed’s June Meeting
A stronger-than-expected US labor market is reviving the prospect of another interest-rate increase by the Federal Reserve. Bloomberg reported on June 5 that recent US employment data showed continued strength, leading markets to start pricing in the
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BTC ETH SOL HYPE
Hyperliquid Treasury Firms Stay Profitable as Bitcoin, Ether Holders Rack Up Huge Paper Losses
Digital asset treasury, or DAT, companies are seeing sharply divergent fortunes as the broader crypto market remains under pressure. The Block reported on June 5 that treasury firms focused on Bitcoin, Ether and Solana have logged steep unrealized lo
6.5
Google, SpaceX Sign $30 Billion AI Infrastructure Supply Deal
Google and Elon Musk-led SpaceX have signed a roughly $30 billion contract for artificial intelligence computing infrastructure. Bloomberg reported on June 5 that Google will pay SpaceX $920 million a month from October through June 2029 for AI compu
6.5
BTC ETH XRP HYPE
Strategy Bitcoin Sale, Middle East Tensions Keep Pressure on Crypto as Bitcoin Slips to $62,000
<Lee Su-hyun's Coin Radar> is a weekly column that tracks moves in the cryptocurrency market and explains the forces behind them. It goes beyond price moves to examine global economic issues and investor positioning, offering insight into where the m
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BTC
CryptoQuant CEO Says Bitcoin Investors Are Shifting Into Long-Term Holders
Bitcoin is trading at roughly the same level as it was two years ago, but the composition of the market has changed significantly, according to an analysis. Ki Young Ju, chief executive of CryptoQuant, wrote on X on June 4 that Bitcoin's current pric
6.4
ETH
FG Nexus Tops $85 Million Loss on Ethereum Treasury Strategy as Sales Continue
Nasdaq-listed FG Nexus has logged more than $85 million in losses on its Ethereum treasury strategy. Wu Blockchain reported on June 4 that FG Nexus bought a total of 50,770 ETH in August and September last year at an average price of $3,860, for roug
6.4
CFTC Scraps ‘No-Deny’ Settlement Policy in Move Welcomed by Crypto Industry
The US Commodity Futures Trading Commission has scrapped a long-standing policy that barred defendants from settling cases if they publicly denied the agency’s allegations. Cointelegraph reported on June 4 that the CFTC would withdraw the so-called “
6.4
Bybit Lists Perpetual Futures on Samsung Electronics, SK Hynix and Hyundai Motor Shares
Crypto exchange Bybit has launched stock perpetual futures tied to shares of Samsung Electronics, SK Hynix and Hyundai Motor. Bybit announced on X on June 4 that it supports trading in perpetual futures linked to the three South Korean stocks. The pr
6.4
BTC ETH
Crypto Market Sees $1.8 Billion of Forced Liquidations, Biggest Daily Total This Year
A sharp drop in the cryptocurrency market triggered $1.8 billion of forced liquidations in leveraged positions over 24 hours. The Kobeissi Letter said on June 4 that the crypto market recorded $1.8 billion in leveraged liquidations that day. It was t
6.4
ETH
US Spot Ether ETFs See $52.91 Million in Net Outflows, Extending Streak to 17 Days
Outflows from US spot Ether exchange-traded funds continued on June 3. US spot Ether ETFs posted net outflows of $52.91 million that day, marking a 17th straight trading session of withdrawals, according to Trader T data. Most of the outflows were co
6.4
BTC
US Spot-Bitcoin ETFs See $396.6 Million in Net Outflows, Stretch Streak to 13 Sessions
US spot-Bitcoin exchange-traded funds continued to post outflows. The funds recorded total net outflows of $396.6 million on June 3, according to Trader T. That extended the streak of net outflows to 13 consecutive trading sessions. Cumulative net ou
6.4PiCK
BTC
Bitcoin Rises Above $63,000
6.4Breaking
HYPE
Hyperliquid Whale Buying Continues as $60 Million in Exchange Withdrawals Emerges
Whale accumulation of Hyperliquid's HYPE token is continuing. Lookonchain data on June 3 showed that three newly created wallets withdrew a combined 557,406 HYPE from Kraken about eight hours earlier and staked the tokens. The holdings were worth abo
6.4
Tiger Research Says Defi App Could Fill DeFi’s Missing User Layer
Tiger Research said decentralized finance application Defi App has the potential to overcome user-experience limitations in the existing DeFi ecosystem. In a recent report released June 4, Tiger Research said the DeFi market has already built core fi
6.4
BTC
Bitcoin Falls Below $62,000
6.4Breaking