Suehyeon Lee

US Spot Ether ETFs See $84.14 Million in Outflows, Extending Streak to Six Sessions

US spot Ether exchange-traded funds recorded net outflows of about $84.14 million in a single day. Trader T data showed US spot Ether ETFs posted total net outflows of $84.14 million on May 18, marking a sixth straight trading session of net withdraw

US Spot-Bitcoin ETFs See $648.61 Million in Daily Outflows, Third-Biggest This Year

More than $600 million was pulled from U.S. spot-Bitcoin exchange-traded funds in a single day. Data from Trader T showed that U.S. spot-Bitcoin ETFs posted net outflows of $648.61 million on May 18. That marked the third-largest daily net outflow of

FIU Holds Private Meeting With Crypto Industry to Gather Views on AML Decree Revision

South Korea’s financial authorities held a private meeting with the virtual-asset industry to gather feedback on proposed revisions to the enforcement decree of the country’s anti-money laundering law, local media reported. ZDNet Korea reported on Ma

Echo Protocol Investigates Security Incident on Monad Bridge, Suspends Cross-Chain Transfers

Echo Protocol, a decentralized finance project on Monad, said it is investigating a security incident involving its bridge. In a post on X on May 18, the project said the incident occurred on the Monad-based Echo Bridge. All cross-chain transactions

Bitcoin Bearishness Surges as It Falls to $76,000, Potentially Signaling Rebound

Bitcoin fell to the $76,000 level, fueling deeper pessimism among retail investors. That gloom may instead point to a potential rebound, according to an analysis. On May 18, on-chain analytics firm Santiment wrote on X that bearish views in Bitcoin-r

Iran’s Nobitex Processed at Least $2.3 Billion on Tron and BNB Chain

Iran’s largest cryptocurrency exchange, Nobitex, processed at least $2.3 billion of transactions through Tron and BNB Chain over the past several years. Reuters, citing data from on-chain analytics firm Arkham, reported on May 18 that Nobitex handled

Korbit Launches Bitcoin Pizza Day Event With Domino’s Pizza Gifticons

Korbit said on May 19 that it will hold a weeklong event through May 25 to mark Bitcoin Pizza Day. Bitcoin Pizza Day commemorates May 22, 2010, when Bitcoin was first used in a real-world transaction. On that day, US programmer Laszlo Hanyecz bought

Coinone Adds Recurring Crypto Investment Service to KakaoBank App

Coinone said May 19 that users can now access its recurring cryptocurrency investment service, Coin Moeugi, through the KakaoBank app. The integration lets users set up recurring investments and check returns directly within the KakaoBank app without

Echo Protocol on Monad Suspected in $76.7 Million Hack

Echo Protocol, a decentralized finance project built on Monad, is suspected of having been hacked. On May 18, Onchain Lens, citing DeFi analyst dcfgod, reported that a hacker had illicitly minted about 1,000 eBTC on Echo Protocol and was using the to

Fed Governor Waller Speech, US Pending Home Sales on May 19 Economic Calendar

Today's key economic events ▶ May 19: △ Federal Reserve Governor Christopher Waller is scheduled to speak at 9 p.m. Korea Standard Time △ US April pending home sales, preliminary, at 11 p.m. Korea Standard Time Today's key cryptocurrency events ▶ May

Ethereum Staking Rises to 31% of Supply, Shrinking Tradable Float

About 31% of Ethereum's total supply is now staked, up from roughly 29% at the start of the year, The Block reported on May 18. Staking has continued to increase despite recent price weakness. Ethereum has fallen about 26% this year. The Block said o

Kevin Warsh to Take Office as Fed Chair This Week; Markets See Low Odds of Early Rate Cuts

Kevin Warsh is set to formally take office as chair of the Federal Reserve this week, with markets assigning low odds to an early interest-rate cut. Cointelegraph reported on May 18 that the U.S. Senate approved Warsh's nomination as Fed chair a day

Oil Falls After Trump Says Iran Strike Plan Is on Hold

Oil prices declined after President Donald Trump said he had put a planned military strike on Iran on hold. Bloomberg reported on May 18 that West Texas Intermediate for July delivery fell below $103 a barrel. Brent also ended trading around $112 a b

Hyperliquid Taps Coinbase, Circle to Rework Revenue Model, Bolster HYPE Buybacks

Hyperliquid is reworking its stablecoin revenue model around its trading platform through new partnerships with Coinbase and Circle. CoinDesk reported on May 18 that Hyperliquid last week designated Circle's USDC as the official reference stablecoin

Nvidia’s Huang Says China Will Eventually Allow US AI Chip Imports, Reviving H200 Hopes

Nvidia Chief Executive Officer Jensen Huang said China will eventually allow imports of US-made artificial intelligence chips. Bloomberg reported on May 18 that Huang, in an interview with Bloomberg TV the previous day, said China’s government must d

SEC May Unveil Tokenized Stock Rules This Week, Weighs Allowing Third-Party Issuance

The U.S. Securities and Exchange Commission may unveil a new regulatory framework for tokenized stock trading as early as this week. Bloomberg reported on May 18 that the SEC is preparing to roll out an "Innovation Exemption" framework for blockchain

BOK Steps Up Deposit Token Push With Auto-Conversion, Treasury Payment Tests

The Bank of Korea is accelerating preparations to commercialize deposit tokens built on a central bank digital currency, or CBDC. Yonhap News reported on May 19 that the BOK recently commissioned consulting work from external specialists in connectio

Hana Bank’s Dunamu Stake Purchase Faces Review Under Korea’s Separation of Finance and Industry Rules

Hana Bank’s planned acquisition of a stake in Dunamu is under review by South Korean financial authorities, putting the deal’s prospects in focus. The Financial Services Commission is examining whether Hana Bank’s purchase of a Dunamu stake would run

US Spot Bitcoin ETFs See $1.04 Billion Weekly Outflow, Ending Six-Week Inflow Streak

The six-week streak of net inflows into US spot Bitcoin exchange-traded funds has ended. According to Wu Blockchain, US spot Bitcoin ETFs posted total net outflows of $1.039 billion in the week of May 11 to May 15. US spot Ether ETFs also recorded ne

Bitcoin Falls Below $77,000 as Higher Yields, Oil Surge Limit Buying Appetite

Bitcoin fell below $77,000 as rising US Treasury yields and a sharp jump in oil prices added pressure to the market, CoinDesk reported on May 18. Bitcoin briefly dropped under $77,000 during Asian trading hours, according to the report. It was tradin

South Korea Expands Financial Bug Bounty Program to Crypto Firms, Insurance Agencies

South Korea’s Financial Supervisory Service will expand this year’s financial-sector bug bounty program to include virtual asset service providers and corporate insurance agencies, among others. The Financial Supervisory Service and the Financial Sec

Iran Launches ‘Hormuz Safe’ Maritime Insurance Platform Supporting Bitcoin Payments

Iran has launched Hormuz Safe, a maritime insurance platform that supports payments in Bitcoin and other digital assets. Crypto Briefing reported on May 18 that Hormuz Safe is a state-backed digital platform providing insurance services for vessels t

Binance Research Says Bitcoin Sell Pressure Is Easing as Supply May Tighten

Bitcoin on-chain indicators suggest the amount of supply available for sale in the market is shrinking, Binance Research said. In a recent report published on May 17, Binance Research said four key on-chain indicators point to easing supply pressure

Retail Bitcoin On-Chain Activity Hits Record Low as Investors May Shift to ETFs

Retail investors' on-chain activity in the Bitcoin market has fallen to its lowest level on record, according to an analysis by CryptoQuant. CryptoQuant contributor Darkfost wrote on May 17 that retail Bitcoin deposit flows to Binance are now "effect

[Today’s Key Economic and Crypto Events] China April Industrial Production

Today’s Key Economic Events ▶︎ Monday, May 18: △ China April industrial production Today’s Key Cryptocurrency Events ▶︎ Monday, May 18: △

Bitcoin Briefly Falls Below $77,000 as $500 Million in Longs Liquidated in an Hour

Bitcoin briefly fell below $77,000 amid a sharp selloff, triggering a wave of long-position liquidations. The Kobeissi Letter said on May 17 that Bitcoin slipped under $77,000 at one point during heavy selling. About $500 million of leveraged long po

Bitcoin Falls Below $77,000

Aave Expands rsETH Recovery, Restores WETH LTV Limits

Aave, the Ethereum-based lending platform, has expanded its rsETH recovery process. Wu Blockchain reported on May 17 that Aave restored WETH loan-to-value ratios to their previous levels across affected networks as part of the rsETH recovery effort.

Bitcoin Falls Below $78,000 as Strategy Sale Risk Weighs on Sentiment

Bitcoin slipped below $78,000. As of May 18, Bitcoin was trading at $77,969.14 on Binance's USDT market, down 0.28% from a day earlier. On Upbit's won market, it traded at 116,041,000 won, down 0.57%. Major altcoins including Ether also weakened. Eth

Oil Rises for a Third Day as US-Iran Talks Stall, Brent Near $111

International oil prices rose for a third straight session as talks between the US and Iran remained deadlocked. Bloomberg reported on May 17 that Brent crude was nearing $111 a barrel, while West Texas Intermediate topped $107. Brent has climbed abo