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Dunamu said June 8 that Upbit Data Lab, which it operates, has launched Intelligence, a data-based content platform. Intelligence provides investors with market analysis, educational content, news briefings and real-time alerts based on digital-asset
Joseph Lubin, a co-founder of Ethereum, described the Ethereum Foundation's changes as a necessary evolution, not a crisis, as the organization faces criticism over budget cuts, staff departures and restructuring. Lubin told CoinDesk in an interview
A large whale known as an early Ethereum investor has started buying again after a recent wave of heavy selling. Onchain Lens said June 7 that the whale had previously sold 60,000 ETH and 9,442 wsETH at an average price of $2,106, raising about $146.
Coinone said June 8 that its user protection team received a citation from the commissioner general of the National Police Agency in recognition of its work protecting users and preventing phishing crimes. The award was presented June 4 at a signing
<Today's Key Economic Events> ▶ June 8 (Mon.): US May CB Employment Trends Index (11 p.m. Korea Standard Time) <Today's Key Cryptocurrency Events> ▶ June 8 (Mon.):
A New York state court has paused the so-called Noah Doe lawsuit, which seeks ownership of Bitcoin wallets worth billions of dollars. The Block reported on June 7 that New York State Supreme Court Justice Kathy J. King ordered all proceedings halted
Oil prices surged after military tensions between Iran and Israel flared again. On June 7, Bloomberg reported that Brent crude futures rose as much as 3.6% intraday to $96.47 a barrel. West Texas Intermediate climbed to near $94 a barrel. The rally w
Bitcoin briefly rose above $64,000 before slipping back below the $63,000 mark. As of 7:26 a.m. in South Korea on June 8, Bitcoin was trading at $62,996.49 on Binance's USDT market, up 4.17% from a day earlier. On Upbit's won market, it changed hands
President Donald Trump publicly sought to restrain Israeli Prime Minister Benjamin Netanyahu, saying nuclear negotiations with Iran are being led by the US. In an interview, Trump said Netanyahu would have no choice but to accept any agreement reache
Crypto exchange Bybit has launched a tokenized investment product tied to the SpaceX initial public offering. The Block reported on June 7 that Bybit will offer pre-listing access to SpaceX through its IPO Express platform. The subscription period op
JPMorgan said Strategy needs to increase its dollar cash holdings to restore investor confidence after its recent Bitcoin sale. The Block reported on June 7 that a JPMorgan research team led by Managing Director Nikolaos Panigirtzoglou said in a repo
US spot Ether exchange-traded funds recorded net outflows. Data from Farside Investors showed US spot Ether ETFs posted total net outflows of $6 million on June 5. The funds had swung back to net inflows just a day earlier. BlackRock’s ETHA accounted
Bitcoin fell below $60,000 for the first time since US President Donald Trump’s re-election. As of 1:37 p.m. in South Korea on June 6, Bitcoin was trading at $59,622 on Binance’s USDT market, down 5.47% from a day earlier. On Upbit’s won market, it t
U.S. spot Bitcoin exchange-traded funds returned to net outflows after just one day of net inflows. The funds recorded total net outflows of $325.66 million on June 5, according to Trader T. BlackRock's IBIT led the outflows, with $213.63 million lea
The odds of the CLARITY Act, a US crypto market-structure bill, passing by the end of 2026 have fallen, according to Galaxy Research. On June 5, Alex Thorn, head of research at Galaxy Research, wrote on X that he had lowered his estimate for the bill
Cryptocurrency exchange Kraken is launching an investment service for SpaceX's initial public offering through xStocks, its tokenized stock platform. Cointelegraph reported on June 5 that Kraken selected SpaceX as the first company for its xStocks IP
U.S. crude oil and petroleum product inventories have fallen to their lowest level since 2004 as supply disruptions in the Middle East fuel a surge in exports. Data from the U.S. Energy Information Administration cited by The Kobeissi Letter on June
Institutional investors sharply reduced their Bitcoin holdings in the first quarter. CoinShares said on June 5 that its analysis of 13F filings with the U.S. Securities and Exchange Commission showed professional investors' Bitcoin holdings fell to 2
A large investor has added to its Ether holdings through an over-the-counter trade. OnchainLens said on June 5 that wallet address "0xFB7" recently bought an additional 29,000 ETH through institutional trading platform FalconX. The purchase was worth
The U.S. Securities and Exchange Commission is developing a regulatory framework for the listing and trading of tokenized securities. Wu Blockchain reported on June 5 that Jamie Selway, director of the SEC’s Division of Trading and Markets, said the
Ethereum fell to its lowest level in 13 months, further dampening investor sentiment. Cointelegraph reported on June 5 that Ethereum dropped as low as $1,540 during the session, its weakest level since May 2025. Selling pressure intensified as a broa
The US military said it shot down four Iranian one-way attack drones headed toward the Strait of Hormuz and carried out retaliatory strikes on Iranian coastal surveillance facilities. US Central Command said in a post on X on June 5 that American for
The US House of Representatives is preparing to release draft legislation that would reshape the tax framework for digital assets. Eleanor Terrett, host of CryptoAmerica, reported on June 5 that the House Ways and Means Committee had prepared seven d
A stronger-than-expected US labor market is reviving the prospect of another interest-rate increase by the Federal Reserve. Bloomberg reported on June 5 that recent US employment data showed continued strength, leading markets to start pricing in the
Digital asset treasury, or DAT, companies are seeing sharply divergent fortunes as the broader crypto market remains under pressure. The Block reported on June 5 that treasury firms focused on Bitcoin, Ether and Solana have logged steep unrealized lo
Google and Elon Musk-led SpaceX have signed a roughly $30 billion contract for artificial intelligence computing infrastructure. Bloomberg reported on June 5 that Google will pay SpaceX $920 million a month from October through June 2029 for AI compu
<Lee Su-hyun's Coin Radar> is a weekly column that tracks moves in the cryptocurrency market and explains the forces behind them. It goes beyond price moves to examine global economic issues and investor positioning, offering insight into where the m
Bitcoin is trading at roughly the same level as it was two years ago, but the composition of the market has changed significantly, according to an analysis. Ki Young Ju, chief executive of CryptoQuant, wrote on X on June 4 that Bitcoin's current pric