Suehyeon Lee

Oil Falls After Trump Says Strait of Hormuz Mission ‘Project Freedom’ Is Paused

Oil prices moved lower after President Donald Trump said military operations in the Strait of Hormuz would be temporarily halted. CNBC reported on May 5 that crude benchmarks slipped shortly after Trump announced a pause in “Project Freedom,” an oper

Tiger Research Says Nexus Uses ZKPs to Tackle Financial Opacity

Tiger Research, a market research firm, said verifiable finance platform Nexus has proposed a structure aimed at addressing opacity in the financial system through zero-knowledge proofs, or ZKPs. In a report released on May 6, Tiger Research argued t

Samsung SDS Wins Korea Securities Depository Contract to Build Token Securities Platform

Samsung SDS said Wednesday it had won a contract from the Korea Securities Depository to build and operate a token securities, or STO, platform. STOs are digital securities issued and managed on blockchain-based systems that allow assets to be record

Whales, Institutions Step Up Hyperliquid Buying as $52.28 Million in HYPE Moves

Whales and institutional investors have continued accumulating Hyperliquid's HYPE token. Lookonchain said on May 5 that a wallet identified as 0xb5E4 received a total of 1.22 million HYPE over the past three weeks from Wintermute, Galaxy Digital, OKX

Bitcoin Tops $81,700 as Whale Buying, Retail Exit Signal Bullish Setup

Bitcoin climbed to a three-month high, with on-chain data suggesting bullish signals are strengthening as whale accumulation coincides with retail selling. On-chain analytics platform Santiment wrote on X on May 5 that Bitcoin had risen to $81,700 an

BitMine Stakes Additional 157,344 ETH as On-Chain Data Points to 40,000 ETH Purchase

BitMine has added to its Ethereum stake and appears to be accumulating more ETH. On-chain data platform Onchain Lens said on May 5 that BitMine staked an additional 157,344 ETH, valued at about $372.39 million. That raised BitMine's total staked ETH

Bitcoin Tops $81,000 as Dominance Rises; Altcoins Show Early Stabilization Signs

Capital remains concentrated in Bitcoin, though the altcoin market is beginning to show early signs of stabilization, according to a CryptoQuant analysis. CryptoQuant contributor Darkfost wrote on May 5 that Bitcoin has risen about 36% from its Feb.

May 6 Economic, Crypto Calendar: US Crude Oil Inventories Due

Today’s Key Economic Events ▶︎ May 6 (Wednesday): South Korea April consumer price index (8 a.m. Korea time); U.S. April ADP private-sector employment change (9:15 p.m. Korea time); U.S. crude oil inventories (11:30 p.m. Korea time) Today’s Key Crypt

Forward Industries, RockawayX Co-Lead $5 Million OnRe Round for Solana-Based On-Chain Reinsurance

Forward Industries and RockawayX have made a strategic investment in OnRe, a startup building reinsurance infrastructure on Solana. The two firms co-led OnRe's $5 million Series A round, according to industry sources on May 5. Forward Industries also

Trump Says Strait of Hormuz Shipping Operation ‘Project Freedom’ Paused as Iran Talks Advance

President Donald Trump said he is temporarily suspending “Project Freedom,” a shipping operation in the Strait of Hormuz. In a Truth Social post on May 5, Trump wrote that the pause was mutually agreed upon at the request of Pakistan and other countr

Saylor Says Strategy May Sell Bitcoin if It Benefits Company

Michael Saylor, chairman of Strategy, said the company may sell Bitcoin if doing so benefits the company. Speaking on the company's first-quarter earnings conference call on May 5, Saylor said he would not rule out selling Bitcoin if it serves the co

TD Cowen Says Stablecoin Interest Fight Could Delay CLARITY Act

TD Cowen said disagreement over whether stablecoins should pay interest remains a major obstacle to passing the CLARITY Act, US legislation aimed at setting market-structure rules for digital assets. The Block reported on May 5 that Jaret Seiberg, a

Strategy Posts $12.54 Billion First-Quarter Net Loss on Bitcoin Decline

Strategy posted a net loss of about $12.54 billion in the first quarter as Bitcoin prices fell. The Block reported on May 5 that the company recorded a first-quarter net loss of $12.54 billion. The main driver was about $14.46 billion in unrealized l

Kelp DAO Says LayerZero Approved 1:1 DVN Setup Tied to $292 Million rsETH Hack

Kelp DAO said LayerZero approved the 1:1 DVN, or decentralized verifier network, configuration that Kelp says led to the $292 million rsETH hack. CoinDesk reported on May 5 that Kelp DAO, in a recently released memo, said LayerZero personnel knew the

Bitcoin Breaks Above $81,000 as Rally Continues

Bitcoin extended its rally and moved above the $81,000 level. As of 2:39 p.m. on May 5, Bitcoin was trading at $81,234.92 on Binance's USDT market, up 1.47% from a day earlier. On Upbit's won market, it was trading at 120,478,000 won, up 1.55% from t

Polygon Adds Wallet Privacy Payments With USDC, USDT Support

Polygon has introduced a privacy feature that hides transaction details for stablecoin transfers. Wu Blockchain reported on May 5 that Polygon Labs added a "Privately Send" feature to its wallet and began supporting payments in USDC and Tether's USDT

GameStop Seeks to Buy eBay for $125 a Share, Putting Bitcoin Holdings in Focus

GameStop Corp., the US video-game retailer, is pursuing an acquisition of eBay Inc., drawing attention to how it may use its Bitcoin holdings. CoinDesk reported on May 5 that GameStop submitted a non-binding proposal to acquire eBay for $125 a share,

Moscow Exchange to Launch Crypto Indexes for Solana, XRP, Tron and BNB

Russia's largest stock exchange is launching new indexes tied to major cryptocurrencies. Wu Blockchain reported on May 5 that Moscow Exchange will begin publishing cryptocurrency indexes based on Solana, XRP, Tron and BNB on May 13. The indexes will

Bitcoin Could Climb Into the $90,000s if It Breaks Above $83,000, Analyst Says

Bitcoin is extending its advance and building a structural foundation for a push toward $100,000, according to crypto analyst Ali Martinez. Martinez wrote on X on May 5 that Bitcoin has gained about 15% since forming a bullish MACD crossover on the w

US Spot Ether ETFs Draw $61.29 Million for a Second Straight Session

US spot Ether exchange-traded funds recorded net inflows. Data from Trader T showed the funds attracted a combined $61.29 million on May 4, extending their net inflow streak to two consecutive trading sessions. BlackRock's ETHA led the inflows with $

Circle Jumps 20% as Stablecoin Regulation Progress Lifts Crypto Stocks

U.S. crypto-related stocks closed broadly higher as optimism grew over progress on regulation. The Block reported on May 4 that Circle, the issuer of the USDC stablecoin, surged 19.89% to close at $119.53. The stock has gained 32.4% over the past mon

US Spot-Bitcoin ETFs Draw $532.19 Million in Third Straight Day of Inflows

US spot-Bitcoin exchange-traded funds posted another strong day of inflows. The funds recorded total net inflows of $532.19 million on May 4, according to Trader T. That marked a third consecutive trading day of net inflows. BlackRock's IBIT led with

Standard Chartered’s SC Ventures Takes Strategic Stake in Crypto Market Maker GSR

SC Ventures, Standard Chartered’s fintech investment arm, has made a strategic investment in cryptocurrency market maker GSR. The investment makes SC Ventures GSR’s first external strategic investor since the firm was founded in 2013, The Block repor

US Senators Signal Stablecoin Yield Compromise Will Stand Despite Bank Objections

A compromise on restrictions for stablecoin yield payments appears set to remain in place despite opposition from the banking industry. Eleanor Terrett, host of CryptoAmerica, wrote on May 4 that Senators Thom Tillis and Angela Alsobrooks said in a j

Western Union Launches Solana Stablecoin USDPT, Taking Global Remittances On-Chain

Western Union has launched USDPT, a US dollar-pegged stablecoin on Solana, marking its entry into blockchain-based remittances. Cointelegraph reported on May 4 that USDPT was issued on the Solana network. It is Western Union's first move to add on-ch

Bitmine Stakes Additional Ether Worth $456.21 Million

Bitmine, which has been steadily accumulating Ether, has staked an additional 192,816 ETH worth about $456.21 million. Onchain Lens reported the move on May 4. Following the latest staking, Bitmine's total staked Ether holdings rose to about 4,555,57

Bitcoin Tops $80,000 Even as On-Chain Activity Falls to Two-Year Low, Prompting Weak-Rally Warning

Bitcoin has climbed above $80,000, but on-chain activity has fallen to its lowest level in two years, underscoring a growing disconnect between the token’s price gains and network usage. Data from on-chain analytics platform Santiment on May 4 showed

US April Services PMI, New Home Sales Data Due May 5

Today’s Key Economic Calendar ▶ May 5 (Tuesday): △ U.S. April Services PMI (10:45 p.m. Korea Standard Time) △ U.S. March New Home Sales (11 p.m. Korea Standard Time) △ U.S. April ISM Non-Manufacturing PMI (11 p.m. Korea Standard Time) Next Week’s Key

US Banks Say Stablecoin Yield Compromise Falls Short, Seek More Changes

US banking groups said a compromise on limits for stablecoin interest payments does not go far enough. Eleanor Terrett, host of Crypto in America, reported on May 4 that major banking associations believe the recently agreed rules on stablecoin yield

World Liberty Financial Sues Justin Sun for Defamation as Dispute Escalates

World Liberty Financial, the Trump family-backed decentralized finance project, has sued Tron founder Justin Sun for defamation. Cointelegraph reported on May 4 that World Liberty Financial filed the lawsuit in Miami-Dade County, Florida, alleging Su