Suehyeon Lee

NHN KCP to Launch Avalanche-Based Stablecoin Payment Pilot Linked to PAYCO

NHN KCP said on May 21 that it will launch a proof of concept, or PoC, to test the viability of blockchain-based stablecoin payments. The pilot will run on a payments-focused mainnet built in partnership with Avalanche, the global blockchain platform

Hyperliquid Tops $50 for First Time in 8 Months as Short Squeeze Spurs Rally

Hyperliquid's HYPE token rose back above $50 for the first time in about eight months, with market watchers attributing the rally to a large short squeeze. On-chain analytics firm Santiment wrote on X on May 20 that traders aggressively built short p

SEC Opens Public Comment on Prediction-Market ETFs

The US Securities and Exchange Commission has opened a public comment process for exchange-traded funds tied to prediction markets. On May 20, Bloomberg ETF analyst Eric Balchunas wrote on X that the SEC was seeking public comments on prediction-mark

Bitcoin Reclaims $78,000 as Middle East Tensions Ease, Nvidia Results Boost Risk Appetite

Bitcoin reclaimed the $78,000 level as easing tensions in the Middle East and strong Nvidia results lifted risk appetite. As of 9:55 a.m. on May 21 in Seoul, Bitcoin was trading at $78,005.09 on Binance's USDT market, up 1.63% from a day earlier. On

Oil Edges Higher After Sharp Drop; Trump Says Iran Talks Near Endgame

International oil prices rose modestly after a steep selloff. Bloomberg reported on May 20 that West Texas Intermediate traded near $99 a barrel after tumbling more than 5% a day earlier. Brent closed near $105 a barrel. The sharp drop had been drive

Today’s Key Economic and Crypto Events: US Jobless Claims, Philadelphia Fed Index Due

Today’s Key Economic Events ▶ May 21 (Thursday): US May Philadelphia Fed Manufacturing Index (9:30 p.m. Korea Standard Time); US initial jobless claims (9:30 p.m. Korea Standard Time); US April housing starts and building permits (9:30 p.m. Korea Sta

Fed Broadens Review of ‘Skinny’ Payment Accounts, Boosting Hopes for Crypto Firms

The Federal Reserve is broadening its review of a limited form of payment account. CoinDesk reported on May 20 that the Fed released a new proposal for limited-purpose payment accounts and opened a 60-day public comment period. The account is a scale

Bitcoin Echoes 2022 Bear-Market Pattern With $70,000 Support in Focus

Bitcoin is tracing a pattern similar to the one seen during the 2022 bear market, according to CryptoQuant. The Block reported on May 20 that Julio Moreno, CryptoQuant’s head of research, wrote in a report that Bitcoin’s current price action closely

SpaceX Files Publicly for IPO With SEC, Discloses 18,712 Bitcoin Holdings

Elon Musk's space company SpaceX has publicly filed for an initial public offering, formally launching its listing process. Bloomberg reported on May 20 that SpaceX is pursuing a Nasdaq listing and has submitted IPO paperwork to the US Securities and

South Carolina Governor Signs Bill Protecting Bitcoin Self-Custody Rights

South Carolina is set to formally enact a bill protecting the right to self-custody Bitcoin. Cointelegraph reported on May 20 that South Carolina Governor Henry McMaster recently signed Senate Bill S.163. The bill protects an individual's right to Bi

a16z-Linked Wallets Continue Large-Scale HYPE Buying, May Be Biggest Outside Holder

Wallets linked to venture capital firm a16z Crypto are continuing to accumulate Hyperliquid's HYPE token in size. Wu Blockchain reported on May 20, citing on-chain analyst ai_9684xtpa, that the wallets may now rank around sixth by HYPE holdings. Excl

US Spot Ether ETFs See $62.27 Million Outflow, Extending Streak to Seven Sessions

U.S. spot Ether exchange-traded funds recorded more than $62 million in net outflows in a single day. Trader T data showed U.S. spot Ether ETFs posted total net outflows of $62.27 million on May 19. The withdrawals extended the streak of net outflows

US Spot-Bitcoin ETFs See $331.03 Million of Net Outflows, Extending Streak to Three Days

U.S. spot-Bitcoin exchange-traded funds extended their stretch of net outflows. U.S. spot-Bitcoin ETFs posted total net outflows of $331.03 million on May 19, according to Trader T. It was the third straight trading day of net withdrawals. Most of th

Tokenized RWA Market Tops $65 Billion as Ethereum, Provenance Compete for Share

The market for tokenized real-world assets, or RWAs, has surpassed $65 billion. The Block reported on May 19 that the total market capitalization of RWAs had risen to more than $65 billion from about $45 billion at the start of the year, an increase

Trump-Linked Truth Social Withdraws Spot Bitcoin ETF Filing

Truth Social, the social media platform linked to US President Donald Trump, has withdrawn its filing for a spot Bitcoin exchange-traded fund. Bloomberg ETF analyst James Seyffart wrote on X on May 19 that Truth Social had pulled the application. Sey

Analysis: Ethereum Whale Wallets Drop by About 60, Putting $2,000 Support in Focus

A recent analysis suggests large Ethereum holders have been trimming positions or consolidating wallets. Crypto analyst Ali Martinez wrote on X on May 19 that about 60 Ethereum whale addresses holding more than 10,000 ETH had either fully emptied the

Anchorage-Linked Wallet Accumulates More Than $100 Million of HYPE in a Month, Stakes Entire Holdings

A wallet linked to crypto custody and banking firm Anchorage Digital has been aggressively accumulating Hyperliquid's HYPE token. Onchain Lens said on May 19 that the Anchorage-linked wallet recently withdrew about 121,099 HYPE, worth about $5.87 mil

Solana Extends Losses as DEX Volume Slumps and Short Bets Rise on Competition Concerns

Solana remained under pressure as network activity slowed and competitive pressures intensified, Cointelegraph reported. Cointelegraph reported on May 19 that Solana has fallen about 15% since failing to break above $98 on May 11. The token retested

Fed’s Paulson Says Holding Rates Steady Is Appropriate for Now Until Inflation Slows Further

Anna Paulson, president of the Federal Reserve Bank of Philadelphia, said the Fed should keep interest rates unchanged for now. Bloomberg reported on May 19 that Paulson, in prepared remarks for an event hosted by the Federal Reserve Bank of Atlanta,

US Government Transfers Some Seized FTX, Alameda Crypto to Coinbase

The US government has transferred some of the cryptocurrency seized from FTX and Alameda Research to Coinbase. Onchain Lens said on May 19 that a US government wallet moved about 319 Ether, worth roughly $673,000, and about $933,774 in stablecoins in

Today’s Key Economic and Crypto Events: US Crude Inventories, Barr Speech

Today’s Key Economic Events ▶︎ May 20 (Wed.): △ Federal Reserve Governor Michael Barr speaks (10:15 p.m. Korea Standard Time) △ U.S. crude oil inventories (11:30 p.m. Korea Standard Time) △ Minutes of the April Federal Open Market Committee meeting (

SpaceX Picks Goldman Sachs as Lead IPO Underwriter, Eyes $2 Trillion Valuation

Elon Musk’s SpaceX has chosen Goldman Sachs as the lead underwriter for its initial public offering, CNBC reported. CNBC reported on May 19 that Goldman was listed in the top spot on the company’s IPO prospectus. Morgan Stanley, Bank of America, Citi

Trump Signs Order to Integrate Digital Assets Into Financial System, Overhaul Rules

President Donald Trump signed an executive order aimed at bringing digital assets and fintech technology into the traditional financial system. CoinDesk reported on May 19 that Trump directed federal agencies to "modernize the regulatory framework so

SpaceX Pursues Cursor Acquisition After IPO, Bloomberg Says, With July Close in View

SpaceX, Elon Musk’s space company, is pursuing an acquisition of AI coding startup Cursor, Bloomberg reported on May 19. The company plans to complete the deal within about 30 days of its stock market debut, according to the report. SpaceX is expecte

US Senate Clears 50-47 Procedural Vote on Resolution to Restrain Trump’s Iran Military Action

The US Senate has approved a procedural motion on a resolution aimed at restraining President Donald Trump’s military action against Iran. Bloomberg reported on May 19 that the Senate voted 50-47 to advance a War Powers Resolution calling for a halt

Japan to Allow Payments in Foreign Stablecoins Starting June 1

Japan’s Financial Services Agency has finalized rules allowing foreign-issued stablecoins to be incorporated into the country’s payment system. BeInCrypto reported on May 19 that the FSA issued revised regulations recognizing foreign-issued trust-typ

CFTC Sues Minnesota, Says Prediction Market Ban Violates Federal Law

The Commodity Futures Trading Commission has sued Minnesota after the state enacted a law banning prediction market platforms. Cointelegraph reported on May 19 that the CFTC asked a federal court in Minnesota to block enforcement of the state law. Th

JPMorgan Says Ether Has Lagged Bitcoin Since October 2025 Deleveraging

JPMorgan said Ether has continued to underperform Bitcoin since the October 2025 deleveraging. CoinDesk reported on May 19 that JPMorgan, in a report, said Ether has lagged Bitcoin in both price performance and institutional inflows since the October

BitMine Buys 71,672 More Ether; Tom Lee Says Below $2,200 Is a Buying Opportunity

BitMine, a company that uses Ether as a treasury asset, bought another large batch of the token during the recent price decline. Cointelegraph reported on May 19 that BitMine Chairman Tom Lee said the company bought an additional 71,672 ETH over the

Echo Protocol Hack May Have Stemmed From Stolen Admin Key, Not Smart Contract Flaw

The hack of Monad-based decentralized finance project Echo Protocol may have been caused by a stolen administrator private key rather than a smart contract flaw. Cointelegraph reported on May 19 that blockchain developer Marioo described the incident