Suehyeon Lee

Bitcoin Breaks Below $63,000 as Selloff Shows No Sign of Letup

Bitcoin (BTC) extended its steep decline, breaking below the $63,000 level. As of 10:33 a.m. on June 4, Bitcoin was trading at $62,897.67 on Binance's USDT market, down 6.16% from a day earlier. On Upbit's won market, it was trading at 93.3 million w

Bitcoin Falls Below $63,000 as $1.1 Billion in Leveraged Positions Liquidated in 24 Hours

Bitcoin extended its decline and briefly fell below $63,000, as a broad market selloff triggered a wave of leveraged liquidations. The Kobeissi Letter said on June 3 that Bitcoin dropped below $63,000 during the session, marking its lowest level sinc

Bitcoin Falls Below $64,000 as Middle East Tensions Deepen Losses

Bitcoin extended its slide, falling below the $64,000 mark. As of 9:33 a.m. on June 4 in Seoul, Bitcoin traded at $63,666.65 on Binance's USDT market, down 5% from a day earlier. On Upbit's won market, it changed hands at 94.527 million won, down 0.5

Trump Says No Full-Scale War With Iran Unless US Troops Are Killed

President Donald Trump has told aides he will not resume a full-scale war with Iran unless an Iranian attack kills US troops, the Wall Street Journal reported on June 3. Trump recently told advisers he could consider ending the current ceasefire if I

June 4 Economic and Crypto Calendar: US Initial Jobless Claims, Beige Book

<Today's Key Economic Events> ▶ June 4 (Thursday): △ US Beige Book (3 a.m. Korea time, 2 p.m. US time) △ South Korea's May foreign-exchange reserves (6 a.m. Korea time, 5 p.m. US time) △ US initial jobless claims (9:30 p.m. Korea time, 8:30 a.m. US t

BitMine Plans $300 Million Preferred Stock Sale With 9.5% Dividend

BitMine, an Ethereum treasury strategy company, plans to raise as much as $300 million through a preferred stock sale. A June 3 filing with the US Securities and Exchange Commission shows the company is seeking to issue 3 million shares of perpetual

Stablecoins Gain Ground in B2B Payments as Businesses Account for 98% of Paybis Volume

Stablecoins are moving beyond retail investors and becoming a core payment tool for business-to-business transactions, according to a report. Cointelegraph reported on June 3 that about 98% of the stablecoin payout volume processed on Paybis's platfo

Israel Crypto Tax Amnesty Draws $50 Million, Missing $1 Billion Goal

Israel's attempt to draw cryptocurrency investors into the tax system through a voluntary disclosure program has fallen well short of expectations. Cointelegraph reported on June 3 that the Israel Tax Authority introduced the program in August 2025,

Hyperliquid’s HYPE Overtakes Solana in Token Price for First Time

Hyperliquid’s native token HYPE has surpassed Solana’s SOL in price for the first time. The Block reported on June 3 that HYPE rose to an intraday record of $74.67. It was still trading in the $73 range, above Solana in the $72 range. The price rever

US House Passes Resolution to Halt Iran War in 215-208 Vote, Rebuking Trump Policy

The US House of Representatives has passed a resolution calling for an end to the war with Iran. Bloomberg reported that the House approved the resolution on June 2 by a 215-208 vote. The vote drew attention because it came in a Republican-controlled

Mt. Gox Moves 10,423 Bitcoin After Six Months, Transfers $8.25 Million to Hot Wallet

Wallets linked to bankrupt cryptocurrency exchange Mt. Gox moved a large amount of Bitcoin for the first time in about six months. On-chain analyst ai_9684xtpa wrote on June 2 that a Mt. Gox cold wallet transferred 10,423 BTC to a new address. The ho

Kelp DAO Hackers Launder Most of Unfrozen $220 Million, Lowering Recovery Odds

A North Korea-linked hacking group accused of carrying out the Kelp DAO breach has laundered most of the stolen funds that were not frozen. The Defiant reported on June 2, citing on-chain tracking, that TraderTraitor, a hacking group tied to North Ko

TON Jumps 15% as Governance Vote Seeks Rebrand to Gram

TON jumped after the project launched a governance vote to rebrand the token as Gram. Cointelegraph reported on June 2 that TON had started a governance vote that would change the token’s name to Gram. The token climbed about 15% to $2.25 from $1.95

Chiliz Launches Fan Tokens for South Africa, Scotland Football Teams

Chiliz, a global sports and entertainment blockchain company, said on June 2 that it launched official fan tokens for the South Africa and Scotland national football teams. The launch comes ahead of the 2026 FIFA World Cup in North America. Chiliz pr

US Spot Ether ETFs See $44.37 Million of Net Outflows, Extending Streak to 15 Trading Days

U.S. spot Ether exchange-traded funds extended their stretch of outflows. Trader T data showed that U.S. spot Ether ETFs posted combined net outflows of $44.37 million on June 1, marking a 15th straight trading day of withdrawals. BlackRock’s ETHA le

US Spot-Bitcoin ETFs See $483.76 Million of Net Outflows, Extending Streak to 11 Days

US spot-Bitcoin exchange-traded funds continued to post heavy withdrawals. Data compiled by Trader T showed the funds recorded combined net outflows of $483.76 million on June 1, extending their streak of net withdrawals to 11 straight trading days.

Kaia, Eight Percent Team Up on RWA Platform Tied to Korean Loan Claims

Kaia said June 2 that it signed a memorandum of understanding with P2P finance company Eight Percent to build real-world asset investment infrastructure based on rights to receive principal and interest payments from loan claims. The partnership is a

Charles Schwab Targets Mid-2027 Launch of Crypto Spot Trading, Custody for Advisor Clients

Charles Schwab plans to roll out cryptocurrency spot trading services for investment advisor clients. Wu Blockchain reported on June 1 that Schwab is targeting a mid-2027 launch of crypto spot trading, asset transfers and custody services for advisor

Early Ethereum Investor Sells Another 5,000 ETH, Bringing Total Sales to $146.24 Million

An early Ethereum investor has made another large sale. Onchain Lens said on June 1 that the investor recently sold 5,000 ETH, worth about $10 million at current prices. The investor has sold a total of 60,000 ETH and 9,442 wsETH so far, with cumulat

Upbit Data Lab Adds Four On-Chain Indexes, Expanding Lineup to Six

Dunamu said on June 2 that Upbit Data Lab launched four new investment indexes based on on-chain data. The additions are the Ethereum Wallet Active Undervalued Index, Ethereum Wallet Active Overvalued Index, Ethereum Transaction Active Undervalued In

KODA Obtains SOC 1 Type 2 Certification for Custody Internal Controls

Korea Digital Asset Co., or KODA, said on June 2 that it had obtained SOC 1 Type 2 certification, an international standard for internal controls. SOC 1 Type 2 is an international assurance standard under which an external auditor verifies whether a

Hyperliquid Tops $73 for Record High as Sentiment, Social Buzz Hit 2026 Peak

Hyperliquid (HYPE) has climbed to a new all-time high, with investor interest and market optimism also reaching their highest levels this year. On-chain analytics firm Santiment said on June 1 that Hyperliquid recently rose above $73, setting a fresh

US Senate to Resume CLARITY Act Review This Week, With August Vote in View

The U.S. Senate is set to resume work this week after the Memorial Day recess, putting the CLARITY Act, a cryptocurrency market-structure bill, back in focus. Cointelegraph reported on June 1 that the Senate will continue deliberations on the CLARITY

Today’s Key Economic and Crypto Events: US April JOLTS Report, Atlanta Fed GDPNow

<Today’s Key Economic Events> ▶︎June 2 (Tuesday): △Atlanta Fed second-quarter GDPNow (12:30 a.m. Korea time; 11:30 a.m. US time) △South Korea May consumer price index (8 a.m. Korea time; 7 p.m. US time) △US April Job Openings and Labor Turnover Surve

EdgeX Token Tumbles as Much as 70%; Project Probes Abnormal Price Move

The EDGE token of decentralized derivatives exchange EdgeX jolted the market after tumbling nearly 70% at one point. Wu Blockchain said on June 1 that EDGE fell to $0.6115 from $1.1424 on Binance, a drop of about 46.8%. The token sank as low as $0.32

BitMine Buys 26,497 More Ether, Raising Holdings to 5.42 Million ETH

BitMine, a corporate holder of Ether, bought more of the token and increased its holdings to more than 5.41 million ETH. The Block reported on June 1 that BitMine recently purchased an additional 26,497 ETH, worth about $52 million at current prices.

Dogecoin Partnership With Paxos Broadens Potential Access via PayPal, Venmo

House of Doge, the corporate organization behind Dogecoin (DOGE), has partnered with blockchain infrastructure firm Paxos. Under the agreement, Dogecoin will be integrated into Paxos's institutional cryptocurrency brokerage and custody infrastructure

Trump Says Iran Ceasefire Extension, Hormuz Reopening Deal May Come Next Week

President Donald Trump said a deal with Iran to extend a ceasefire and reopen the Strait of Hormuz could be reached next week. Trump made the remarks in a phone interview with ABC News Chief Washington Correspondent Jonathan Karl on June 1. “Things l

Grayscale’s Hyperliquid ETF Nears Launch With 0.29% Fee

Grayscale appears close to launching a spot Hyperliquid exchange-traded fund tied to Hyperliquid’s HYPE token. The Block reported on June 1 that the asset manager disclosed the fee and ticker in an amended S-1 registration statement for the Grayscale

Bitwise Buys 112,158 More Hyperliquid Tokens in $8.18 Million Purchase

Asset manager Bitwise has bought more Hyperliquid tokens. On-chain analytics account Onchain Lens said June 1 that Bitwise purchased 112,158 HYPE through over-the-counter trading firm FalconX. The purchase was valued at about $8.18 million. Bitwise r