Suehyeon Lee

Ethereum May Drop Another 40% Against Bitcoin as Long-Term Trendline Blocks Rebound

Ethereum is continuing to weaken against Bitcoin, with technical signals pointing to the risk of further losses. Cointelegraph reported on May 10 that the ETH/BTC ratio, which measures Ethereum’s relative value against Bitcoin, was rejected again bel

Bitcoin Reclaims $82,000

Oil Jumps More Than 3% After Trump Rejects Iran Response, Escalating Middle East Tensions

International oil prices climbed after President Donald Trump flatly rejected Iran's response to a proposal to end the war, heightening tensions in the Middle East. As of 7:09 a.m. in Korea on May 11, West Texas Intermediate crude was trading at $97.

Saylor Signals Strategy May Resume Bitcoin Buys, Says Any Sales Would Be Limited to Dividends, Taxes

Strategy Chairman Michael Saylor signaled that the company may resume Bitcoin purchases this week. In a post on X on May 10, Saylor shared Strategy’s tracker chart with the message, "Back to work, BTC." Because the chart has often been followed by ac

Trump Says Iran’s Response to War-Ending Proposal Is ‘Totally Unacceptable’

President Donald Trump said Iran’s response to a US proposal to end the war was unacceptable, ratcheting up tensions in negotiations between the two countries. On May 10, Trump wrote on Truth Social that he had "just read Iran’s response to the so-ca

BNY Expands Digital-Asset Custody in UAE, Sets Up Abu Dhabi Base

BNY, the world’s largest custodian bank, is expanding its digital-asset custody business in the United Arab Emirates. The bank is working with Finstreet and the ADI Foundation to build regulated digital-asset infrastructure in Abu Dhabi Global Market

American Bitcoin Posts $81.8 Million First-Quarter Net Loss on Mark-to-Market Hit, Expands Mining and Holdings

American Bitcoin, the Bitcoin mining and treasury company co-founded by Eric Trump, the second son of U.S. President Donald Trump, posted a wider loss in the first quarter. The company reported a net loss of $81.8 million in the first quarter, accord

Bitwise CIO Says Stablecoins Could Reach $4 Trillion With Big Tech Payments Push

Stablecoins could grow into a multi-trillion-dollar market if big technology companies such as Meta Platforms Inc. and DoorDash Inc. expand their use in payments, according to Bitwise Chief Investment Officer Matt Hougan. Hougan wrote on May 7 that s

Story Integrates Azuki IP With Verse8 to Broaden AI Game Creation

Story, a blockchain infrastructure provider for intellectual property used in artificial intelligence, said May 7 that it has integrated Web3 intellectual property project Azuki with AI game creation platform Verse8. The move is part of a strategic p

US Spot Ether ETFs Draw $11.52 Million, Extending Inflow Streak to Four Sessions

US spot Ether exchange-traded funds recorded a modest net inflow on May 6, extending their winning streak to four straight trading sessions. The funds took in a combined $11.52 million, according to Trader T data. Grayscale’s Mini ETH ETF accounted f

US Spot-Bitcoin ETFs Draw $45.85 Million, Marking Fifth Straight Day of Inflows

US spot-Bitcoin exchange-traded funds extended their streak of net inflows. The funds recorded combined net inflows of $45.85 million on May 6, according to Trader T. It was the fifth consecutive trading day of net inflows. BlackRock's IBIT led the g

Upbit Data Lab Launches Two On-Chain Strategy Indexes

Dunamu said on May 7 that it launched two digital-asset strategy indexes based on on-chain data. The new benchmarks, called Ethereum Small-Cap Undervalued and Ethereum Small-Cap Overvalued, are the first digital-asset indexes in South Korea to use on

Trump Says US Stocks Hit Record Highs, Jobs and 401(k)s Are Strong

President Donald Trump touted gains in US stocks and strength in employment. In a Truth Social post on May 6, Trump wrote that “the stock market hit an all-time high” and that jobs and 401(k) retirement accounts were also doing well. The remarks amou

Bithumb Signs Vietnam Crypto Exchange Partnership With SSID

Bithumb said May 7 that it signed a memorandum of understanding with SSID, a subsidiary of Vietnam's SSI Securities, to cooperate on a virtual-asset exchange business. The agreement was signed in Hanoi on March 2 and centers on cooperation in setting

JPMorgan, Mastercard Complete First Real-Time Cross-Border Payment Using Tokenized US Treasury Fund

JPMorgan Chase & Co. and Mastercard Inc. have completed what Ondo Finance described as the first cross-border, cross-bank payment test conducted in real time using a tokenized US Treasury fund. Cointelegraph reported on May 6 that the trial used Ondo

Hashed Open Finance Unveils First Testnet for Korean Won Stablecoin Blockchain Maroo

Hashed Open Finance on May 7 unveiled the first testnet for Maroo, a layer-1 blockchain built for a Korean won-based stablecoin ecosystem. Hashed Open Finance, an affiliate of Hashed, said the testnet will be open to external developers and financial

South Korea’s FIU Reviews Crypto Exchanges Ahead of Broader Corporate Trading Access

South Korea’s Financial Intelligence Unit has begun reviewing the preparedness of major domestic cryptocurrency exchanges ahead of a broader opening of the market to corporate participants. Yonhap News reported on May 7 that the Digital Asset eXchang

Ethereum Repeatedly Fails to Hold $2,400 as On-Chain Slowdown, Competition Weigh

Ethereum has repeatedly failed to establish itself above $2,400, extending its underperformance against major cryptocurrencies this year. Cointelegraph reported on May 6 that Ethereum has been unable to stay above $2,400 over the past three months an

Today’s Key Economic and Crypto Events: US Jobless Claims, Aave Ethereum Freeze Vote

Today’s Key Economic Events ▶ May 7: US initial jobless claims (9:30 p.m. Korea Standard Time) Today’s Key Crypto Events ▶ May 7: Aave vote on freezing Ethereum

VanEck Executive Says Bitcoin Could Reach $1 Million in Five Years

Bitcoin could reach $1 million within the next five years, VanEck's head of digital asset research said. The Block reported on May 6 that Matthew Sigel told CNBC that Bitcoin hitting $1 million in about five years was possible. He cited rising alloca

White House Official Says Strategic Bitcoin Reserve Announcement Due Within Weeks

The US government is set to announce details of its Strategic Bitcoin Reserve, or SBR, within weeks. Patrick Witt, executive director of the White House Digital Assets Advisory Council, made the comment at the Consensus conference in Miami, CoinDesk

White House Targets July 4 Passage of CLARITY Act as It Presses Congress

The White House is pressing to accelerate passage of the CLARITY Act, legislation that would establish a market-structure framework for the US digital-asset industry, with a goal of clearing Congress by July 4. Patrick Witt, executive director of the

Hyperliquid Whales Expand Long Positions to Highest Level of 2026

Hyperliquid (HYPE) whales are increasing their long positions, underscoring a strong bullish stance. Glassnode data cited by Wu Blockchain on May 6 showed net long positions held by Hyperliquid whales climbed to their highest level of the year. Large

Grayscale Rebalances First-Quarter 2026 Funds, Adds Ethena and Drops Aerodrome From DeFi Fund

Grayscale has adjusted the holdings in its decentralized finance, or DeFi, fund as part of its first-quarter 2026 fund rebalancing. Wu Blockchain reported on May 6 that Grayscale removed Aerodrome Finance (AERO) from the DeFi fund and added Ethena (E

Unchained Summit to Gather Global Web3 Leaders in Da Nang on May 28-29

Global Web3 conference Unchained Summit will be held in Da Nang, Vietnam. Aeternum Consulting, the event organizer, announced on May 6 that Unchained Summit Vietnam will take place at Furama Resort Danang on May 28-29. Government officials, regulator

Bitcoin Tops $81,000, but Derivatives Stay Cool as 1% Futures Premium Questions Rally

Bitcoin climbed above $81,000 for the first time in three months, but muted sentiment in derivatives markets is casting doubt on the staying power of the rally. Cointelegraph reported on May 6 that Bitcoin has gained about 7% over the past week and m

XRP Reclaims $1.42 as Bull Flag Pattern Points to Potential 2025-Style Rally

XRP has reclaimed the $1.42 level, with analysts pointing to the reemergence of a chart pattern that previously preceded a sharp rally. CoinDesk reported on May 6 that XRP's recent price action is forming a bull flag pattern similar to the one seen d

Story Launches Open-Source 'Story Skills' Framework for AI Agents, Developers

Story, an artificial intelligence-based intellectual property blockchain infrastructure platform, said on May 6 that it launched Story Skills, an open-source framework for AI agents and developers. Story Skills is designed to help AI coding agents an

US Spot Ether ETFs Draw $97.58 Million for Third Straight Session of Inflows

U.S. spot Ether exchange-traded funds extended their inflow streak to three trading sessions. Trader T data showed the funds posted a combined $97.58 million in net inflows on May 5. BlackRock's ETHA led with $69.48 million in net inflows. Fidelity's

US Spot-Bitcoin ETFs Take In $467.38 Million, Extending Inflow Streak to Four Days

Net inflows continued in the US spot-Bitcoin exchange-traded fund market, signaling improved investor sentiment. Data from Trader T showed that US spot-Bitcoin ETFs recorded total net inflows of $467.38 million on May 5, extending their inflow streak