Suehyeon Lee

Dunamu Donates $5.4 Million Over Five Years With Korea Student Aid Foundation

Dunamu, the operator of South Korean cryptocurrency exchange Upbit, said Tuesday it has donated a total of 7.51 billion won ($5.4 million) over the past five years with the Korea Student Aid Foundation to broaden support for young people and foster f

XRP Whales Withdraw 122 Million Tokens From Binance, Signaling Accumulation Near $1.35

XRP whale investors have stepped up withdrawals from Binance, in a sign they may be treating the $1.35 level as a key accumulation zone. Cointelegraph, citing CryptoQuant data, reported on May 25 that large Binance withdrawals of more than 1 million

Four Public Companies Buy 612 Bitcoin as Strategy, BitMine Pause Purchases

Some publicly traded companies continued to buy Bitcoin even as Michael Saylor’s Strategy and Tom Lee’s BitMine paused additional cryptocurrency purchases last week. Lookonchain’s weekly report, published May 25, showed that Strategy did not add to i

Bitcoin Active Addresses Drop Nearly 40%, Signaling Retreat in Short-Term Speculative Demand

Bitcoin network activity has slowed sharply in recent weeks. On May 25, cryptocurrency analyst Ali Martinez wrote on X that the number of active Bitcoin addresses fell about 39.8% over the past two weeks, to roughly 494,000 from about 821,000. Martin

South Korea’s Democratic Party Unveils Local Election Pledges Including Digital Asset Law, Spot ETFs

South Korea’s Democratic Party has released a policy platform ahead of the June 3 local elections that outlines measures to foster the digital-asset industry. In its policy pledge book for the ninth nationwide local elections, published on May 26, th

[Today’s Key Economic and Crypto Events] US May Consumer Confidence Data Due

<Today’s Key Economic Events> ▶ May 26 (Tuesday): US May Conference Board consumer confidence index (11:00 p.m. Korea Standard Time; 10:00 a.m. Eastern Time) <Today’s Key Cryptocurrency Events> ▶ May 26 (Tuesday): Plasma (XPL) token unlock; Berachain

SEC Delays Tokenized Stock Trading Exemption Amid Market Structure Concerns

The U.S. Securities and Exchange Commission has delayed plans to permit trading in tokenized stocks, Bloomberg reported on May 24, citing Cointelegraph. The SEC had planned to unveil an "innovation exemption" framework for tokenized stock trading thi

Kalshi-Backed Lobby Group Hires Trump Ally Taylor Budowich as Strategic Adviser

A new lobbying group backed by U.S. prediction-market platform Kalshi has hired a close ally of President Donald Trump as a strategic adviser. Cointelegraph reported on May 24 that Americans for Fair Markets, a prediction-market advocacy group, appoi

Coinbase CEO Says Future Financial System Needs 8 Upgrades, Including RWA Tokenization

Coinbase Chief Executive Officer Brian Armstrong said the future financial system will require major changes, including the tokenization of real-world assets. In a post on X on May 25, Armstrong wrote that the current financial system has not yet com

US Spot Bitcoin ETFs See $1.257 Billion in Weekly Outflows; Hyperliquid ETF Gains $72.38 Million

U.S. spot Bitcoin exchange-traded funds saw heavy outflows last week. Wu Blockchain reported on May 25 that U.S. spot Bitcoin ETFs posted net outflows of $1.257 billion in the week from May 18 to May 22. U.S. spot Ether ETFs also recorded net outflow

Coinbase Says It Isn’t Concerned by Wall Street’s Deeper Push Into Crypto

Coinbase said it is not concerned about Wall Street firms expanding further into the cryptocurrency market. Katie Harries, Coinbase’s head of European policy, told CoinDesk in an interview published on May 24 that “bull markets help everyone” and tha

BitMine Included on Preliminary Russell 1000 Addition List

BitMine, an Ethereum-holding company, has been included on a preliminary list for addition to the Russell 1000 index. Wu Blockchain reported on May 25 that BitMine Chairman Tom Lee wrote on X that FTSE Russell had released its preliminary addition an

Dunamu to Hold Upclass Junior Quiz Competition for Teenagers

Dunamu, the operator of crypto exchange Upbit, said on May 25 that it will hold the Upclass Junior Quiz Competition. Upclass Junior is a youth education project operated as part of Dunamu's financial education program, Upclass. It provides content on

Saylor Says Strategy Bought Bonds Instead of Bitcoin This Week

Michael Saylor wrote on X on May 24 that "this week we bought bonds, not Bitcoin," adding that the "BitVac" is charging. The "BitVac" Saylor mentioned refers to a "Bitcoin vacuum cleaner," a phrase interpreted as describing Strategy's Bitcoin acquisi

Gold Rebounds on Hopes for Progress in U.S.-Iran Talks, but Market Reaction Remains Limited

Gold rebounded on May 24 as optimism grew that talks between the U.S. and Iran were making progress. According to Bloomberg, spot gold rose to around $4,575 an ounce, recovering most of last week's losses. The U.S. and Iran are continuing negotiation

Arthur Hayes-Linked Wallet Withdraws Another $5.37 Million of HYPE From Bybit

A wallet linked to BitMEX co-founder Arthur Hayes appears to have accumulated more Hyperliquid's HYPE token. On May 24, blockchain analytics account Onchain Lens reported that the Hayes-linked wallet withdrew about 85,714 HYPE from Bybit. The tokens

Buterin Says His Influence at Ethereum Foundation Will Wane as He Maps Out Overhaul, Technical Priorities

Ethereum co-founder Vitalik Buterin has weighed in on the controversy surrounding the Ethereum Foundation’s restructuring and set out his view of the network’s future technical direction. The Block reported on May 24 that Buterin, in a lengthy post o

May 25 Economic and Crypto Calendar: US Markets Closed for Memorial Day

Today’s Main Economic Events ▶ May 25 (Monday): △ US markets closed for Memorial Day △ South Korean markets closed for Buddha’s Birthday Today’s Main Cryptocurrency Events ▶ May 25 (Monday): △ BNB Agent SDK launch

Oil Drops on Hopes for Progress in US-Iran Talks; Brent Falls Below $100

International oil prices fell sharply on hopes for progress in talks between the US and Iran. Bloomberg reported on May 24 that Brent crude, the global benchmark, fell as low as $99.16 a barrel intraday. That was more than 4% below the prior week. We

NYT Says CFTC Clashed Internally Over Reviews of Trump-Linked Crypto Firms

The US Commodity Futures Trading Commission faced internal conflict during its regulatory review of crypto prediction-market companies linked to the Trump family, according to a report. The Block reported on May 24 that The New York Times, citing cur

White House Economic Adviser Says Iran Deal Could Sink Oil Prices, Give Fed More Room to Cut Rates

Kevin Hassett, director of the White House National Economic Council, said a deal with Iran could send global oil prices lower and give the Federal Reserve more room to cut interest rates. Hassett told Fox News on May 24 that energy prices would fall

Bitmine’s Unrealized Loss on Ether Holdings Swells, Could Reach $10.1 Billion

Bitmine, led by Tom Lee, has seen unrealized losses on its Ether holdings widen as the cryptocurrency declines. Cointelegraph reported on May 24 that Ether’s recent drop to the low-$2,000 range pushed Bitmine’s unrealized loss to about $7.3 billion.

Analysis: XRP Exchange Outflows Rise, Signaling Easing Sell Pressure

Analysis suggests selling pressure on XRP across exchanges is gradually easing. AMB Crypto reported on May 21 that XRP outflows from Binance and Coinbase have recently exceeded inflows. Higher exchange outflows are typically interpreted as a sign tha

Hyperliquid Extends Rally as Whale, Institutional Buying Continues

Institutional and whale buying of Hyperliquid's HYPE token continues. Lookonchain said on May 21 that wallet address 0xBED9, believed to be linked to Galaxy Digital, bought a total of 158,100 HYPE over the past two hours. The purchases were worth abo

SpaceX Discloses 18,712 Bitcoin Holdings, More Than Double Market Estimates

Elon Musk’s space company SpaceX has disclosed Bitcoin holdings that far exceed market estimates during the process of filing for an initial public offering. Cointelegraph reported on May 21 that SpaceX said in its S-1 registration statement for the

U.S. Spot Ether ETFs See $28.1 Million in Net Outflows, Extending Streak to Eight Sessions

Net outflows continued in the U.S. spot Ether exchange-traded fund market. Farside Investors data released on May 21 showed U.S. spot Ether ETFs posted combined net outflows of $28.1 million in the previous session. BlackRock's ETHA led the declines

US Spot-Bitcoin ETFs See $70.5 Million in Net Outflows for Fourth Straight Session

US spot-Bitcoin exchange-traded funds extended their run of net outflows. Data from Farside Investors showed the products posted net outflows totaling $70.5 million on May 20, marking a fourth straight trading day of withdrawals. BlackRock's IBIT acc

Bitcoin Holds Above $77,000 as Oil Stabilizes, ETF Outflows Weigh

Bitcoin held above $77,000 as international oil prices stabilized, though outflows from U.S. spot exchange-traded funds and concerns about slowing growth remained a drag on the market. Cointelegraph reported on May 20 that Bitcoin had regained the $7

South Korea Petition to Abolish Crypto Tax Clears 50,000-Signature Threshold for National Assembly Review

A public petition to South Korea’s National Assembly calling for the abolition of taxes on virtual assets, or cryptocurrencies, has surpassed 50,000 signatures, meeting the threshold for referral to a relevant parliamentary standing committee. Accord

Grayscale-Linked Wallets Bought and Staked $24.95 Million of Hyperliquid’s HYPE

Wallets linked to asset manager Grayscale recently appear to have made large purchases of Hyperliquid’s HYPE token. On-chain analytics platform Lookonchain said May 20 that two Grayscale-linked wallets bought and staked a combined 510,387 HYPE over t