Suehyeon Lee

Oil Rebounds as US-Iran Talks Stall, Putting Strait of Hormuz Tensions Back in Focus

Oil rebounded as uncertainty over negotiations between the US and Iran resurfaced. Bloomberg reported on May 27 that Brent crude recovered above $96 a barrel, while West Texas Intermediate traded near $90. International oil prices turned higher again

US Moves $4.56 Million of Seized FTX, Alameda Crypto to Coinbase, Including DAI

The US government has transferred some seized crypto assets tied to FTX and Alameda Research to Coinbase. Onchain Lens said on May 27 that a US government wallet sent about $1.9 million in crypto assets and $2.656 million in DAI to Coinbase. The asse

[Today’s Key Economic and Crypto Events] US April Core PCE Due

<Today’s Key Economic Events> ▶︎ May 28 (Thursday): △ Bank of Korea rate decision (10 a.m. Korea Standard Time) △ US April core PCE price index (9:30 p.m. Korea Standard Time; 8:30 a.m. ET) △ US first-quarter preliminary GDP (9:30 p.m. Korea Standard

Crypto Card Payments Hit Record $7.8 Billion as Stablecoin Use Spreads

Crypto-based card payment volume has reached a record high. KobeissiLetter said May 27 that cumulative crypto card payment volume has climbed to about $7.8 billion. Monthly payment volume has surged about 230% since May 2025. Usage has risen rapidly

Trump Says Gensler Tried to Destroy Crypto Industry, Vows Not to Let It Down

President Donald Trump criticized former U.S. Securities and Exchange Commission Chair Gary Gensler and what he called anti-crypto forces, accusing them of driving the U.S. digital-asset industry overseas. In a Truth Social post on May 27, Trump wrot

Fed’s Cook Says Rate Hike Possible if Disinflation Fails to Materialize

Federal Reserve Governor Lisa Cook said additional interest-rate increases remain possible if inflation fails to cool. Bloomberg reported on May 27 that Cook, speaking at a Stanford University event, said risks remain tilted toward higher inflation.

BIS to Start Real-Value Trials for Blockchain Cross-Border Payments Project With BOK, Fed, ECB

The Bank for International Settlements will begin live transaction testing for a blockchain-based cross-border payments project. Bloomberg reported on May 27 that the BIS is preparing to start real-value transaction trials for Project Agorá. Particip

White House Starts Review of CFTC Prediction Market Rules After Trump Backs Agency

The White House has begun reviewing proposed rules for prediction markets. The Block reported on May 27 that the Office of Information and Regulatory Affairs, part of the White House Office of Management and Budget, recently received a draft rule on

Bitcoin Falls to $75,000 Range Despite Stock Rally as Golden Cross Looms

Bitcoin fell into the $75,000 range, diverging from a rally in global equities. CoinDesk reported on May 26 that Bitcoin dropped as low as $75,498 during Asian trading hours. XRP, Ether and Solana also fell about 1% over the same period. Traders are

Bitcoin Weakens After $1.3 Billion BlackRock IBIT Sale as Institutional Selling Pressure Builds

Bitcoin weakened after a large sale in BlackRock’s spot Bitcoin exchange-traded fund. Cointelegraph reported on May 27 that an anonymous investor sold 29.2 million shares of the iShares Bitcoin Trust ETF (IBIT). The transaction was valued at about $1

BitMine Adds 5,760 ETH to Staking, Pushing Total Staked Ether Above $9.76 Billion

BitMine has expanded its Ethereum staking position. Onchain Lens said on May 27 that BitMine recently staked an additional 5,760 ETH, worth about $11.9 million. BitMine’s total staked Ether now stands at about 4,718,677 ETH, valued at roughly $9.76 b

US Spot Ether ETFs See $35.1 Million in Net Outflows, Extending Streak to 11 Sessions

U.S. spot Ether exchange-traded funds extended their run of net outflows. The funds posted combined net outflows of $35.1 million on May 27, according to Farside Investors. That marked the 11th consecutive trading day of net redemptions. Fidelity’s F

US Spot-Bitcoin ETFs See $333.61 Million in Net Outflows, Extending Streak to Seven Sessions

Outflows continued from the US spot-Bitcoin exchange-traded fund market. US spot-Bitcoin ETFs recorded net outflows of $333.61 million in the previous session on May 27, according to Trader T data. That marked a seventh straight trading day of net wi

Bankless Co-Founder Says He Sold Ether as Upside Momentum Faded

David Hoffman, the Bankless co-founder known as a longtime Ethereum bull, has explained why he sold his Ether holdings. Wu Blockchain reported on May 26 that Hoffman remains bullish on the Ethereum network itself. But he said the “ETH Is Money” narra

Bangkok’s SEABW 2026 Concludes, Signaling Southeast Asia’s Shift to Institutional Web3 Adoption

Southeast Asia Blockchain Week 2026, or SEABW 2026, co-hosted by blockchain venture capital firm Hashed and ShardLab, concluded in Bangkok, the organizers said on May 26. The event was held on May 20 and May 21 at ICONSIAM. It brought together govern

BitMine Buys 111,942 More ETH as Tom Lee Bets on Crypto ‘Supercycle’

BitMine has made its largest Ethereum purchase this year, adding 111,942 ETH over the past week. Cointelegraph reported on May 26 that BitMine Chairman Tom Lee disclosed the purchase. The buy came after Ether fell below $2,200 during a recent market

Crypto-Backed Democratic Newcomer Defeats 20-Year Incumbent in Texas Runoff

A first-time Democratic candidate backed by the cryptocurrency industry defeated a 20-year incumbent in the runoff primary for Texas's 18th Congressional District. Christopher Menefee defeated Rep. Al Green in the Democratic runoff, Eleanor Terrett,

New Hampshire Lawmakers Reach Deal on ‘Blockchain Basics’ Bill

New Hampshire has taken another step toward advancing legislation that protects rights related to blockchain activity. Bitcoin Laws reported on May 26 that the New Hampshire House and Senate agreed on a compromise version of HB639, known as the “Bloc

FTX to Start Next Payout Round on July 31, Resume NFT Claims Process

Bankrupt cryptocurrency exchange FTX outlined the schedule for its next round of distributions and plans to resume the claims process tied to NFTs. In a post on X on May 26, FTX said June 16 will be the record date for the next round of payments to c

Oil Mixed as Uncertainty Over US-Iran Talks Keeps Strait of Hormuz Tensions in Focus

Oil prices were mixed as uncertainty surrounding negotiations between the US and Iran kept traders focused on tensions in the Strait of Hormuz. Bloomberg reported on May 26 that West Texas Intermediate traded near $93 a barrel, slightly below the pre

Today's Key Economic and Crypto Events: ECB Press Conference

Today's Key Economic Events ▶︎May 27 (Wednesday): European Central Bank press conference (2 a.m. Korea Standard Time on May 28) Today's Key Cryptocurrency Events ▶︎May 27 (Wednesday): None

Bitcoin Miners Surge as AI Infrastructure Expansion Hopes Build

Bitcoin mining stocks climbed broadly as expectations grew that the companies could expand into artificial intelligence infrastructure. Cointelegraph reported on May 26 that TeraWulf jumped as much as 17% intraday after news of its acquisition of a d

DeFi TVL Falls 14% After KelpDAO Hack as Risk Aversion Spreads

DeFi total value locked has continued to shrink since the KelpDAO hack, according to The Block. Total DeFi TVL has fallen to $148 billion from about $172 billion in mid-April, a drop of roughly 14%, The Block reported on May 26. The crypto news outle

Trump Says CFTC Must Retain Exclusive Authority Over Prediction Markets, Vows US Will Remain Crypto Capital

President Donald Trump emphasized the need to preserve the Commodity Futures Trading Commission’s exclusive authority over prediction markets, reiterating his determination to keep the US at the forefront of the cryptocurrency industry. In a Truth So

XRP Sentiment Turns Sharply Negative, but Extreme Fear May Signal Rebound

Investor sentiment toward XRP has soured sharply again, with extreme fear potentially signaling a rebound, according to on-chain analytics platform Santiment. On May 26, Santiment wrote on X that the ratio of positive to negative comments on XRP had

Bitcoin Enters High-Risk Zone as Institutional Selling Pressure Builds

Bitcoin has entered a high-risk zone as institutional selling tied to US spot exchange-traded funds intensifies, on-chain analytics platform Swissblock said. Swissblock said on May 26 that continued net outflows from US spot Bitcoin ETFs are increasi

Kelp DAO Completes rsETH Recovery After $293 Million Hack

Kelp DAO, a decentralized finance platform, has completed recovery work following a major hack in April. Cointelegraph reported on May 26 that Kelp DAO announced on its official X account that it had transferred the final batch of 20,373.7 rsETH to a

Hyperliquid Launches Off-Chain Prediction Market Feature

Hyperliquid (HYPE) has launched a prediction market feature based on off-chain events. Wu Blockchain reported on May 25 that Hyperliquid has added support for a feature called Canonical Outcome Market. The market is created using automated newsfeed s

Quack AI, HYBLOCK to Host AEF SEOUL 2026, Unveil AI Agent On-Chain Payment Demo

Web3 infrastructure company Quack AI and HYBLOCK, Hanyang University's blockchain society, will jointly host Agent Execution Frontier, or AEF, SEOUL 2026, the companies said on May 26. The event is scheduled for May 27 at Hashed Lounge in Seoul's Gan

South Gyeongsang Collects $45 Million in Delinquent Local Taxes as Crypto Seizures Intensify

South Gyeongsang Province has collected more than $45 million in delinquent local taxes this year after intensifying efforts to track assets including cryptocurrencies and stocks. As of May, the province had recovered 62.4 billion won ($45.2 million)