Suehyeon Lee

Aave Overhauls Collateral Reviews to Include Bridge, Oracle Risks

Aave, the decentralized finance lending protocol, is overhauling its standards for reviewing assets eligible for collateral. CoinDesk reported on June 1 that Aave said in a recent postmortem report it plans to incorporate external infrastructure risk

Wintermute to Provide Liquidity to Prediction Markets, Calls Sector a Next Major Asset Class

Wintermute, a digital-asset liquidity provider, is moving into prediction markets. Cointelegraph reported on June 1 that the firm plans to supply liquidity to prediction markets using its existing trading infrastructure, which handles about $3.5 tril

US Spot-Bitcoin ETFs See $1.42 Billion Weekly Outflow, Third-Largest on Record

US spot-Bitcoin exchange-traded funds posted heavy outflows last week. Wu Blockchain said on June 1 that US spot-Bitcoin ETFs recorded net outflows of $1.42 billion during the May 25-29 period. That marked the third-largest weekly net outflow since t

Coinbase Starts Rupee Deposits, Withdrawals in India, Enables Spot and Perpetual Futures Trading

Coinbase has started offering deposits and withdrawals in India’s local currency, the rupee. Wu Blockchain reported on June 31 that Coinbase launched a service allowing users in India to deposit and withdraw rupees directly through the Immediate Paym

Solana Developer Proposes Tokenomics Revamp That Could Make SOL Deflationary

A Solana developer has proposed a tokenomics overhaul that could turn SOL into a deflationary asset as network usage increases. SolanaFloor reported on June 31 that Solana developer cavemanloverboy proposed introducing a "Resource-Based Fee Burn" mec

Samsung Electronics Overtakes Bitcoin to Reach No. 13 in Global Market Value Rankings

Samsung Electronics Co. overtook Bitcoin to rank 13th globally by market capitalization. CompaniesMarketCap, which tracks the market value of global assets and companies, showed on June 1 that Samsung Electronics ranked 13th in the world by market ca

Bitcoin Futures Account for 88.65% of Trading, Deepening Leverage-Driven Market Structure

Bitcoin and major altcoins are becoming increasingly driven by derivatives rather than spot trading, a shift that could heighten market volatility, according to an analysis. CryptoQuant contributor Crazzyblockk, in a report analyzing Binance trading

Powell Says Fed Credibility Would Crumble if President Could Fire Officials Over Policy Disputes

Former Federal Reserve Chair Jerome Powell publicly raised concerns about any erosion of central-bank independence. Bloomberg reported on June 1 that Powell, speaking at the Profile in Courage award ceremony at the John F. Kennedy Presidential Librar

June 1 Economic, Crypto Calendar: Powell Speech, US Manufacturing Data, CROSS Mainnet 2.0 Update

[Today's Key Economic Events] ▶ June 1 (Monday): △ South Korea May trade balance (9 a.m. Korea time, 8 p.m. US time) △ Fed Chair Jerome Powell speech (9:30 a.m. Korea time, 8:30 p.m. US time) △ US May Manufacturing PMI (10:45 p.m. Korea time, 9:45 a.

Strategy Signals Additional Bitcoin Purchase

Strategy Chairman Michael Saylor has signaled another Bitcoin purchase. Cointelegraph reported on May 31 that Saylor posted a chart on X showing Strategy’s Bitcoin purchase history alongside the phrase “Working Better.” Saylor has posted similar mess

XRP May Rebound to $1.40 if $1.34 Support Holds, Analyst Says

Ali Martinez identified $1.34 as a key buying zone for XRP. In a post on X on May 31, Martinez said he is watching the $1.34 level, the lower boundary of a rising channel, as a potential entry point. If that support holds, the next price targets are

Oil Rebounds as Uncertainty Clouds US-Iran Truce Talks, Strait of Hormuz Tensions Persist

International oil prices rebounded as uncertainty lingered over talks between the US and Iran on extending a ceasefire. Brent crude traded above $92 a barrel on June 29, while West Texas Intermediate hovered near $89, Bloomberg reported. Brent recove

Cardano Summit 2026 Plan Scrapped After Treasury Vote Falls Short of Two-Thirds Threshold

Cardano Foundation's plan to hold Cardano Summit 2026 was scrapped after an on-chain governance vote rejected a treasury funding proposal. The Block reported on June 31 that the foundation wrote in an X post the previous day that it would respect the

Sui Says v1.72 Upgrade Bugs Caused Three Network Outages in Two Days

Sui, the layer-1 blockchain, has disclosed the cause of three network outages last week. The Block reported on May 31 that the Sui Foundation said in a report that two bugs introduced during the rollout of the v1.72 upgrade on May 26 triggered the ca

Bitcoin, Altcoins Weaken as Iran Ceasefire Hopes Clash With Middle East Tensions

<Lee Su-hyeon’s Coin Radar> is a weekly column that tracks movements in the cryptocurrency market and explains the forces behind them. It goes beyond listing price changes to analyze global economic developments and investor behavior, offering insigh

Bitcoin Falls Below $73,000 for First Time in Months as US-Iran Conflict Sparks Long Liquidations

Bitcoin fell below $73,000 as escalating military clashes between the US and Iran weighed on crypto markets. CoinDesk reported on May 28 that Bitcoin dropped as low as $72,912 during trading, slipping below $73,000 for the first time in months. It wa

DAXA Sets Standard to Curb Improper API Key Lending, Including Forced Expiration

The Digital Asset eXchange Alliance, or DAXA, said on May 28 that it had established a standard aimed at preventing crypto exchange users from improperly lending API keys. An API key is authentication information that allows users to connect external

XRP Investors’ Average Return Falls 47% as Selling Intensifies, Price Holds Up

XRP has entered an extreme capitulation phase after months of mounting unrealized losses and heavy selling pressure, according to an analysis cited by AMBCrypto. Santiment data cited by AMBCrypto on May 28 showed XRP’s 30-day market value to realized

Bitcoin May Face Further Losses as US Treasury Sales Drain $150 Billion of Liquidity

Expanded US Treasury issuance could put additional downward pressure on Bitcoin by pulling liquidity out of financial markets, CoinDesk reported on May 28. Michael Kramer, chief executive officer of Mott Capital Management, wrote in a report that Bit

Ethereum Falls Below $2,000 for First Time Since March 29, Santiment Says More Losses Possible

Ethereum fell below $2,000, with retail investors showing overheated buy-the-dip sentiment, Santiment said. In a post on X on May 28, Santiment said Ethereum had dropped below $2,000 for the first time since March 29. The market intelligence firm sai

US Spot Ether ETFs Extend Net Outflow Streak to 12 Days With $67.1 Million Exit

Net outflows continued in the U.S. spot Ether exchange-traded fund market. Farside Investors data showed on May 28 that U.S. spot Ether ETFs posted combined net outflows of $67.1 million the previous day, marking a 12th straight trading day of withdr

US Spot-Bitcoin ETFs Post $733.4 Million of Net Outflows, Extending Streak to Eight Sessions

U.S. spot-Bitcoin exchange-traded funds continued to see heavy withdrawals. Trader T data for May 28 showed the U.S. spot-Bitcoin ETF market recorded total net outflows of $733.4 million a day earlier. That marked an eighth straight trading session o

Bitcoin Drops Below $73,000

Bitcoin Drops 3% Below $74,000 as U.S.-Iran Conflict Escalation Sours Sentiment

Bitcoin extended its losses, falling below the $74,000 mark. As of 12:42 p.m. in Korea on May 28, Bitcoin was trading at $73,481.73 on Binance's USDT market, down 3% from a day earlier. On Upbit's won market, it was trading at 108.309 million won, do

US Launches More Strikes on Iranian Military Sites as Ceasefire Uncertainty Deepens

Additional U.S. airstrikes on Iranian military facilities are once again underscoring uncertainty over ceasefire talks. Bloomberg reported on May 27 that U.S. Central Command recently carried out strikes on Iranian military targets. A U.S. official d

Korea Investment & Securities, OKX to Jointly Buy 40% of Coinone, Sign Deal on May 29

Korea Investment & Securities and global crypto exchange OKX are moving to jointly acquire a 40% stake in South Korean exchange Coinone. Korea Investment & Securities and OKX plan to hold a signing ceremony on May 29 for a share purchase that would g

Grayscale Calls Hyperliquid a Breakout Success Story in Digital Assets

Grayscale has issued a bullish assessment of Hyperliquid (HYPE). Wu Blockchain reported on May 27 that Grayscale said in a recent report that Hyperliquid is a "breakout success story" in the modern digital-asset industry and one of the fastest-growin

SEC's Atkins Says Era of Stifling Innovation Is Over, Vows Clarity on Digital Assets

Paul Atkins, chairman of the U.S. Securities and Exchange Commission, said he would provide regulatory clarity for the digital-asset market and signaled a more innovation-friendly approach. Writing on X on May 27, Atkins said the SEC had long been ho

CFTC, Gemini Ask Court to Scrap $5 Million Settlement and Dismiss Case

The Commodity Futures Trading Commission and crypto exchange Gemini have jointly asked a court to void their previous $5 million settlement and throw out the case. CoinDesk reported on May 27 that the CFTC and Gemini recently filed a motion in the U.

Pump.fun Sells Another $8.32 Million of SOL, Bringing Total Disposals to About $780 Million

Pump.fun, a Solana-based memecoin platform, has carried out another sale of Solana tokens. Lookonchain said on May 27 that Pump.fun recently sold an additional 100,628 SOL, worth about $8.32 million. That brings Pump.fun's cumulative SOL sales to 4,4