Suehyeon Lee

Ripple CEO Praises Senate Banking Committee's Push on CLARITY Act

Ripple Chief Executive Officer Brad Garlinghouse praised the U.S. Senate Banking Committee's efforts to advance the CLARITY Act. Writing on X on May 13, Garlinghouse said the committee was working to move the bill forward and called it "incredible le

Bitcoin Holds Near $80,000 as CLARITY Act Hopes Raise $90,000 Scenario

Bitcoin has been trading sideways near $80,000, and debate around the U.S. CLARITY Act could provide a short-term catalyst for gains. Cointelegraph reported on May 13 that Bitcoin has traded around $80,000 over the past week, with the 200-day exponen

Bitcoin Defends $80,000 After CPI Shock as Structural Buying Holds

Bitcoin held firm above $80,000 despite the shock from the latest US consumer price index report, with buyers quickly stepping in, CoinDesk reported. Bitcoin briefly fell to $79,879 after the release of April US CPI data on May 13, before rebounding

Charles Schwab Launches Spot Bitcoin, Ether Trading Service for Retail Clients

Charles Schwab has officially launched Schwab Crypto, a digital-asset trading platform for retail investors. The Block reported on May 13 that the US financial firm had begun offering spot trading in Bitcoin and Ether to some retail clients. The laun

Nvidia Hits Record High on Report Jensen Huang Will Join Trump’s Beijing Trip; Market Value Reaches $5.4 Trillion

Nvidia shares rose to a record high after reports that Chief Executive Officer Jensen Huang will join President Donald Trump’s trip to China. Cointelegraph reported on May 13 that Nvidia climbed above $224.15 intraday after news broke that Huang woul

US Spot Ether ETFs Post $130.6 Million in Net Outflows for Second Straight Session

US spot Ether exchange-traded funds recorded another day of sizable withdrawals. US spot Ether ETFs saw net outflows totaling $130.6 million on May 12, extending their streak of net withdrawals to two trading sessions, according to Trader T. BlackRoc

Kelp DAO Begins rsETH Recovery, Plans to Restore 117,132 Tokens Over Two Weeks

Kelp DAO, a decentralized finance platform, and DeFi lending protocol Aave have begun restoring collateral affected by a hacking incident. Cointelegraph reported on May 13 that Kelp DAO burned rsETH, the restaking token used in the attack, on the Arb

Oil Falls on U.S.-Iran Ceasefire Uncertainty; Brent at $106.95

International oil prices fell amid uncertainty over a U.S.-Iran ceasefire. Reuters reported on May 12 that Brent crude futures fell 0.76% from the previous session to $106.95 a barrel. West Texas Intermediate futures also slipped 0.65% to $101.52. Th

US Senate Banking Panel Gets More Than 100 Amendments to CLARITY Act

The US Senate Banking Committee has received more than 100 amendments to the CLARITY Act, a digital-asset market structure bill, ahead of its markup process. Ublockchain, citing a Politico report published on May 12, said lawmakers on the Senate Bank

Nvidia CEO Jensen Huang Joins Trump’s China Trip at Last Minute

Nvidia Chief Executive Officer Jensen Huang joined President Donald Trump’s trip to China at the last minute. Bloomberg reported on May 12 that Huang was seen boarding Air Force One during a stop in Alaska. Trump’s business delegation for the China v

Democratic Senators File CLARITY Act Amendment to Tighten Stablecoin Yield Limits

Democratic senators have filed an amendment to the CLARITY Act that would tighten limits on stablecoin interest payments. Punchbowl News reporter Brendan Pedersen reported on May 12 that Democratic Senators Jack Reed and Tina Smith submitted the amen

XRP Wallets Holding 10,000 or More Tokens Hit Record High as Whale Accumulation Continues

The number of wallets holding at least 10,000 XRP has reached a record high, in a sign that long-term accumulation is continuing. On-chain analytics firm Santiment said May 12 that 332,230 wallets on the XRP Ledger currently hold 10,000 XRP or more,

Bitcoin Reclaims $81,000, Recovering Some CPI-Driven Losses

Bitcoin regained the $81,000 level after recovering some of the losses triggered by U.S. consumer price index data. As of 10:24 a.m. on May 13 in South Korea, Bitcoin was trading at $81,030 on Binance's USDT market, down 0.33% from a day earlier. On

Crypto Funds Draw $858 Million for Sixth Straight Week as Bitcoin Leads Inflows

Inflows into cryptocurrency investment products extended for a sixth straight week last week, adding to signs of improving market sentiment. The Kobeissi Letter reported on May 13 that crypto funds recorded net inflows of $858 million last week. That

Trump Says US Doesn’t Need China’s Help to End Iran War

President Donald Trump said the US does not need China’s help to end the war with Iran. Trump made the remarks to reporters ahead of a summit in Beijing on May 12, Reuters reported. He said he does not believe China’s assistance is necessary to resol

May 13 Economic, Crypto Calendar: US April PPI on Tap

Today's Key Economic Events ▶ May 13 (Wednesday): South Korea's March monetary and liquidity data; South Korea's April employment data; U.S. April producer price index, or PPI (9:30 p.m. Korea time) Today's Key Cryptocurrency Events ▶ May 13 (Wednesd

US Banks Intensify Opposition to Stablecoin Yield Compromise, Send 8,000 Letters to Senate

US banks are escalating their opposition to a compromise proposal on stablecoin yield payments. Eleanor Terrett, host of CryptoAmerica, said member banks of the American Bankers Association have sent more than 8,000 letters to Senate offices since Fr

Bitcoin Trades Around $81,000 After Hot US CPI; $80,000 Support in Focus

Bitcoin continued to trade around the $81,000 level after a sharp rise in the U.S. consumer price index pressured sentiment. As of 8:37 a.m. on May 13 in South Korea, Bitcoin was trading at $80,507.90 on Binance's USDT market, down 1.48% from a day e

XRP ETP Inflows Reach $40 Million as Institutional Demand Shows Signs of Recovery

Inflows into spot XRP exchange-traded funds and exchange-traded products are accelerating, raising expectations that institutional demand is beginning to recover. CoinShares said on May 12 that XRP ETPs posted $40 million of net inflows in the week t

21Shares’ Hyperliquid ETF Logs $1.8 Million in First-Day Trading

21Shares’ Hyperliquid exchange-traded fund, THYP, logged $1.8 million in trading volume on its first day of trading. James Seyffart, a Bloomberg ETF analyst, wrote on X on May 12 that THYP’s $1.8 million debut volume was a fairly solid result. It was

JPMorgan Seeks to Launch Second Tokenized Money Market Fund on Ethereum

JPMorgan is seeking to launch a second tokenized money market fund as it expands its blockchain-based finance business. Bloomberg reported on May 12 that JPMorgan Asset Management filed with the U.S. Securities and Exchange Commission to launch the J

Coinbase Adds Solana-Backed Loans, Taking Cumulative Lending Above $2.3 Billion

Coinbase has added support for Solana to its cryptocurrency-backed lending service. Wu Blockchain reported on May 12 that Coinbase now allows users to post Solana as collateral for its on-chain crypto loan product. Users can borrow up to $100,000 aga

MARA Holdings' Q1 Net Loss Widens to $1.3 Billion as Bitcoin Slide Hurts Results

MARA Holdings, a US Bitcoin miner, reported weak first-quarter results, sending its shares lower in after-hours trading. Cointelegraph reported on May 12 that first-quarter revenue fell 18% from a year earlier to $174.6 million, missing market expect

Aptos Plans Encrypted Mempool to Strengthen Front-Running, Censorship Protections

Layer-1 blockchain Aptos (APT) plans to introduce a new feature aimed at protecting transaction details. Aptos wrote on its official X account on May 12 that it plans to launch an Encrypted Mempool, which is designed to keep user transaction informat

BitMine Slows Ether Buying, Keeps Year-End Target for 5% of Supply

BitMine, an Ethereum treasury company, has slowed the pace of its Ether purchases but is keeping its goal of securing 5% of the token’s circulating supply by year-end. Cointelegraph reported on May 12 that BitMine bought an additional 26,659 ETH last

Senate Banking Committee Releases CLARITY Act Draft, Keeps Stablecoin Interest Dispute

The U.S. Senate Banking Committee has released a new draft of the CLARITY Act, legislation that would establish a market structure for digital assets. Eleanor Terrett, host of CryptoAmerica, reported on May 12 that the committee published the 309-pag

US Spot Ether ETFs See $16.85 Million in Daily Outflows as Grayscale Leads Withdrawals

US spot Ether exchange-traded funds posted net outflows on May 11, with a total of $16.85 million leaving the products, according to Trader T. Grayscale's ETHE led the outflows at $7.59 million, followed by Grayscale Mini ETH at $5.55 million. Fideli

US Spot-Bitcoin ETFs Take In $27.25 Million, Led by Morgan Stanley’s MSBT

US spot-Bitcoin exchange-traded funds recorded net inflows of more than $20 million, snapping a recent stretch of outflows. Data compiled by Trader T showed the funds took in a combined $27.25 million on May 11, reversing course after two consecutive

US House Ways and Means Committee to Hold Closed-Door Meeting on Crypto Taxes

The US House Ways and Means Committee will hold a closed-door meeting on cryptocurrency taxation. Cointelegraph reported on May 11 that the bipartisan session is scheduled for May 14 and will be limited to lawmakers. The meeting is set to cover key p

Arthur Hayes Says Bitcoin Is Already in Bull Market, Sees Short Squeeze Above $90,000

BitMEX co-founder Arthur Hayes said Bitcoin is already in a bull market and could climb faster if it breaks above $90,000. In a blog post dated May 11, Hayes wrote that the market is "clearly in a bull market." A move past $90,000 could trigger liqui