Suehyeon Lee

Trump Says Putin Wants Deal After Call, Sees Possible Three-Way Summit

U.S. President Donald Trump said Russian President Vladimir Putin wants a deal after the two discussed ways to end the war in Ukraine. Bloomberg reported on September 9 that Trump, speaking to reporters, described his call with Putin as a "great conv

Bitcoin Fails to Retake $80,000 as Stronger Yen, Oil Surge Sap Momentum

Bitcoin (BTC) tried to reclaim $80,000, but lost upward momentum as the yen strengthened and international oil prices surged. Cointelegraph reported on September 9 that Bitcoin was turned back after attempting to retake $80,000 and was down about 0.4

Treasury Triples Long-Bond Buyback Cap to $6 Billion, but Market Disappointment Sends 10-Year Yield to 4.85%

The U.S. Treasury raised the cap on its long-term bond buyback to $6 billion, triple the original plan, but the move fell short of market expectations, sending the 10-year Treasury yield as high as 4.85%. Bloomberg reported on Sept. 9 that the Treasu

Bitcoin Mining Stocks Left Behind in Bull Market, Lagging Exchange and Stablecoin Shares

Most crypto-related stocks have climbed during Bitcoin’s bull run, but shares of Bitcoin mining companies have remained conspicuously weak. The Block reported on September 9 that Bitcoin has risen about 22% since August 17. Over the same period, cryp

PumpFun Adds Tokenized Stocks to New-Token Trading Pairs, Including SK Hynix and Nvidia

PumpFun, a Solana-based token issuance platform, has expanded support to let users use tokenized stocks as trading-pair assets when launching new tokens. Wu Blockchain reported on Sept. 9 that PumpFun added tokenized stocks as pairing assets for new

Wall Street Divided on Further Yen Gains as BOJ Rate-Hike Outlook Comes Into Focus

The Japanese yen has extended its strength into the 153-per-dollar range, but major Wall Street firms are split on how much further it can climb. Bloomberg reported on Sept. 9 that the yen rose as much as 0.5% intraday against the dollar to 153.25. I

US Spot Ether ETFs Log $24.29 Million in Net Outflows After Three Trading Days

U.S. spot Ether exchange-traded funds posted net outflows after three trading days. SoSoValue data showed the funds recorded total net outflows of $24.29 million on September 8. The withdrawals were concentrated in Grayscale products. Grayscale Mini

U.S. Spot Bitcoin ETFs Log $46.65 Million Net Outflow After Four Trading Days

U.S. spot Bitcoin exchange-traded funds posted net outflows after four trading days. SoSoValue data showed total net outflows of $46.65 million from U.S. spot Bitcoin ETFs on Sept. 8. The move reversed a streak of net inflows over the previous four t

Bitcoin Reclaims $79,000 as Traders Brace for U.S. Inflation Data Ahead of Fed Meeting

Bitcoin recovered after falling below $78,000 intraday, with markets turning their attention to inflation data due before next week's Federal Open Market Committee meeting. As of 1:56 p.m. in Korea on September 9, Bitcoin was trading at $79,181.02 on

Former BOK Governor Rhee Says No Need for Excessive Concern Over Won Volatility

Former Bank of Korea Governor Rhee Chang-yong said there is no need to be overly sensitive to short-term moves in the won, saying South Korea’s external financial health has improved from the past. Bloomberg reported on September 9 that Rhee, in a Bl

Yuan Gains Traction as Asia Funding Currency as Yen Carry Trade Wobbles

The Chinese yuan is drawing fresh attention as a funding currency for global carry trades as expectations build for a Bank of Japan rate increase, lifting the yen. Bloomberg reported on September 9 that strategists at major financial firms including

Robinhood Chain Daily Fees Hit Record $6 Million as Launchpad Pons Drives Surge

Robinhood Chain's daily fee revenue climbed to a record $6 million, with token launchpad Pons driving the recent growth. The Block reported on Sept. 9 that Robinhood Chain generated $6 million in fees on Sept. 4, marking its highest daily total on re

Jump Trading’s Cumulative Hyperliquid Volume Nears $150 Billion, Accounting for 7.8% of Total Perpetual Futures

Global digital-asset trading firm Jump Trading has generated nearly $150 billion in cumulative trading volume on Hyperliquid. Wu Blockchain reported on Sept. 9 that Hyperdash co-founder Hansen Beringer estimated Jump Trading has logged about $150 bil

Strategy Doubles STRC Buyback Limit to $2 Billion, Halts Bitcoin Purchases Again

Strategy has doubled the buyback limit for its STRC preferred stock to $2 billion from $1 billion in an effort to lift the shares back to their $100 par value. CryptoSlate reported on Sept. 8 that Strategy’s board expanded the cap on its preferred-sh

Hyperliquid Open Interest Rebounds to $14.3 Billion, Near Pre-'10/10 Crash' Level

Open interest on decentralized derivatives exchange Hyperliquid has recovered to near the level seen just before last year's "10/10 crash," with recent growth shifting from HIP-3 to the platform's core crypto perpetual futures market, a change that i

Hunter Biden Details Rationale, Plans for Meme Coin 'LAPTOP,' Including 20% Community Airdrop

Hunter Biden, the son of former U.S. President Joe Biden, has laid out the rationale for launching the meme coin LAPTOP and detailed its token distribution plan. In a post on X on Sept. 8, Biden said he was launching LAPTOP after turning “the symbol

Hedge Funds Bet on Further Yen Gains, Eye Dollar-Yen Below 150 by Year-End

Global hedge funds are betting the yen will strengthen further, with the dollar-yen exchange rate potentially falling below 150 by year-end. Bloomberg reported on September 8 that the most actively traded dollar-yen option on the Chicago Mercantile E

Tidal Files for Two Prediction-Market ETFs Tied to Fed FOMC Rate Decisions

Tidal Investments has filed for two prediction-market exchange-traded funds that would invest in event contracts tied to US Federal Reserve interest-rate decisions. Henry Jim, a Bloomberg ETF analyst, said on September 8 that Tidal had submitted fili

Bessent Says He Knows Japan’s Yen-Intervention Playbook, Dares Traders to Bet Against Him

U.S. Treasury Secretary Scott Bessent said he has a firm grasp of how the Bank of Japan and Japanese policymakers would respond in any market intervention aimed at strengthening the yen, adding that anyone who wants can bet against him. Bloomberg rep

Robinhood Chain Generates $42.58 Million in Revenue 70 Days After Launch

Robinhood Chain generated more than $40 million in cumulative revenue during the 70 days following its launch. Wu Blockchain, citing Arkham data on September 8, reported that Robinhood Chain recorded revenue of about 17,171 Ether during that period.

Samsung, SK Hynix Edge Higher on US Chip Rally as Oil Surge Limits Gains

Samsung Electronics Co. and SK Hynix Inc. posted modest early gains on Sept. 9, as strength in U.S. semiconductor shares supported sentiment, though a jump in international oil prices capped the advance. As of 9:11 a.m., Samsung Electronics was tradi

Bessent Says Expanded Treasury Buybacks Aimed to Cool Yield Surge; Next Purchase Size in Focus

Treasury Secretary Scott Bessent said the U.S. Treasury’s surprise decision last month to expand buybacks of long-term Treasuries was meant to calm an excessive rise in yields and return the market to balance. Bloomberg reported on September 8 that B

Won Stablecoins Could Cut South Korean Merchant Card Fees by Up to $3.76 Billion a Year

Won-denominated stablecoins could cut annual fee costs for South Korean merchants by more than $3.76 billion if they replace part of the credit-card payment market, according to an analysis. A report released on September 9 by the National Assembly B

10 South Korean Banks Launch Working-Level Talks With European Lenders on Stablecoin Remittances

Ten South Korean banks, including KB Kookmin Bank, Shinhan Bank and Woori Bank, have started working-level talks with European financial institutions on building a cross-border remittance system using stablecoins. MoneyToday reported on September 9 t

[Today’s Key Economic and Crypto Events] South Korea’s August Unemployment Rate, China CPI on Tap

<Today’s Key Economic Events> ▶︎ Sept. 9 (Wed.): △ South Korea's August unemployment rate (8 a.m.) △ China's August consumer price index (CPI) and producer price index (PPI) (10:30 a.m.) <Today’s Key Cryptocurrency Events> ▶︎ Sept. 9 (Wed.): △ None

DeFi Development Launches SOL-Based Preferred Stock CHAD, Raises $11 Million

DeFi Development Corp., a Solana treasury company, has launched a SOL-based preferred stock product called CHAD and raised $11 million. The Nasdaq-listed company completed the issuance of its floating-rate perpetual preferred stock, Series C, or CHAD

[Analysis] Bitcoin Medium-Term Structure Improves, but Reclaiming $80,000-$81,000 Is Key to Confirming Bullish Trend

Bitcoin is technically building a stronger medium-term uptrend, but a move back above $80,000 to $81,000 and a recovery in spot buying will be the key conditions for confirming further gains, according to an analysis. On Sept. 8, CryptoQuant contribu

U.S. Strike Near Iran’s Kharg Island Sends WTI Above $94, Brent Past $98

Reports that the U.S. struck near Kharg Island, Iran’s main oil export hub, kept crude prices rising on concern over disruptions to Middle East supply. Bloomberg reported on September 8 that West Texas Intermediate climbed as much as 1.4% intraday to

US Military Says It Destroyed Five Iranian Crude Carriers After Missile Attacks on Navy Ships

The US military said it destroyed five Iranian crude carriers in response to attacks by Iran’s Islamic Revolutionary Guard Corps, or IRGC, on US Navy ships. US Central Command said on X on September 8 that it destroyed the five vessels after the IRGC

Robinhood Takes Stakes in Crypto.com and OG.com, Signs Multi-Year Prediction-Market Infrastructure Deal

Robinhood has acquired equity stakes in cryptocurrency exchange Crypto.com and its affiliated prediction-market platform OG.com. Cointelegraph reported on September 8 that Robinhood signed a multi-year agreement to use OG.com’s US Commodity Futures T