Suehyeon Lee

Bitcoin Hits Three-Month High; $81,500 Seen as Key Level

Bitcoin climbed to a three-month high, with the market focused on whether it can hold above $80,000. Cointelegraph reported on May 4 that Bitcoin rose as high as $80,500 intraday, its strongest level since Jan. 31. It is now meeting resistance near $

Aave Seeks Release of $73 Million in Frozen Ether, Says Funds Belong to Kelp DAO Hack Victims

Aave, the decentralized finance protocol, is seeking the release of Ether frozen in connection with the Kelp DAO hack. The Block reported on May 4 that Aave LLC filed an emergency motion in US federal court to unfreeze about $73 million of Ether. The

SEC Delays Review of 24 Prediction-Market ETFs

The US Securities and Exchange Commission has delayed the launch of exchange-traded funds tied to prediction markets for political and economic events. Reuters reported on May 4 that the SEC postponed review of 24 prediction-market ETFs proposed by B

Tether Gold Market Cap Tops $3.3 Billion, Up 36% on Safe-Haven Demand

Tether Gold (XAUt), Tether’s gold-backed tokenized asset, has expanded rapidly as investors seek safe-haven assets amid rising macroeconomic uncertainty. Cointelegraph reported on May 4 that Tether, in its latest report, said Tether Gold’s market cap

CFTC Draws More Than 1,500 Comments on Prediction-Market Rule Changes as Jurisdiction Fight Grows

The US Commodity Futures Trading Commission's push to revise prediction-market rules has exposed a divide between industry participants and regulators over how the products should be overseen. Cointelegraph reported on May 4 that the CFTC had receive

Peter Brandt Says Bitcoin May Bottom Through 2026, Reach $250,000 by 2029

Veteran trader Peter Brandt said Bitcoin could remain in a long bottoming process before rising to $250,000 by 2029. CoinDesk reported on May 4 that Brandt sees Bitcoin staying in a long-term bottoming phase until September or October 2026. If a new

Oil Mixed as Strait of Hormuz Tensions, ‘Project Freedom’ Cloud Outlook

International oil prices were mixed amid tensions in the Strait of Hormuz and uncertainty over a US plan to support vessel movements. CNBC reported on May 4 that July Brent crude slipped slightly to $101.94 a barrel, while June West Texas Intermediat

Bitcoin Reclaims $80,000 as Broader Crypto Market Rises Amid US-Iran Tensions

Bitcoin climbed back above $80,000, leading gains across the broader cryptocurrency market. The Block reported that Bitcoin traded at about $80,150 on May 4, up roughly 2.6% from a day earlier. Ether rose 3.6% to $2,382 over the same period, while XR

Bitcoin Reclaims $80,000 for First Time in Three Months as Altcoins Gain

Bitcoin extended its weekend rally and climbed back above $80,000. As of 11:42 a.m. May 4 in South Korea, Bitcoin was trading at $80,217.16 on Binance's USDT market, up 2.76% from a day earlier. It moved back above $80,000 for the first time since Fe

South Korea Panel Approves FX Law Revision to Bring Crypto Firms Under Regulation

A bill to bring virtual asset operators under South Korea’s foreign-exchange regulatory framework has passed the National Assembly’s Strategy and Finance Committee. Digital Asset reported on May 4 that the committee approved an amendment to the Forei

Hashed, Makers Fund Co-Lead $3.2 Million Round for TCG Collector Platform Chance

Global Web3 venture capital firm Hashed said on May 4 that it participated in a funding round for trading card game collector platform Chance. The round totaled $3.2 million, with Hashed and Makers Fund joining as co-lead investors. Arbitrum Gaming V

Upbit Web3 Project GIWA to Attend Consensus 2026 in Miami as Global Push Expands

Dunamu’s Web3 infrastructure project GIWA will take part in Consensus 2026, the global blockchain conference set to be held in Miami, the company said on May 4. Consensus brings together blockchain developers, investors and policymakers from around t

Morgan Stanley Executive Says US Banks Could Eventually Hold Bitcoin on Balance Sheets

Morgan Stanley sees a path for US banks to eventually hold Bitcoin on their own balance sheets, though regulatory hurdles remain a key factor. CoinDesk reported on May 3 that Amy Oldenburg, Morgan Stanley's head of digital asset strategy, said at the

Analysis: Binance Whale Inflow Ratio Rises as Bitcoin Rally Continues

Whale deposits to Binance are expanding again even as Bitcoin continues to rise, according to an analysis by CryptoQuant. Darkfost, a contributor to the on-chain data platform, wrote on May 3 that Binance’s Whale Inflow Ratio has resumed climbing dur

Oil Falls as Trump Backs Safe Passage Through Hormuz, Signals Progress in Iran Talks

Oil fell after President Donald Trump said the US would support safe passage for ships through the Strait of Hormuz and pointed to progress in negotiations with Iran. Brent crude dropped below $108 a barrel on May 3, extending declines to a third str

US Central Command Starts Strait of Hormuz Navigation Mission, Deploys Destroyers and Fighter Jets

US Central Command said it has begun support operations for navigation through the Strait of Hormuz. In a post on X on May 3, CENTCOM said it was starting support for a "Freedom of Navigation" mission aimed at restoring commercial shipping and freedo

Ethereum Validator Exit Queue Swells to 433,158 ETH as DeFi Hack Fallout Fuels Restaking Outflows

A surge in Ethereum validator withdrawal requests is adding to signs that fallout from recent DeFi hacks is accelerating outflows from restaking products. BeInCrypto reported on May 3 that Ethereum’s validator exit queue had risen to about 433,158 ET

Arbitrum DAO’s Bid to Return $71.1 Million in Frozen Kelp Hack Funds Stalls on North Korea Lawsuit

Arbitrum DAO’s effort to return funds frozen after the Kelp DAO hack has run into a new obstacle after a US court approved restrictions on transfers tied to North Korea litigation. The Block reported on May 3 that the US District Court for the Southe

Bitcoin Tests $79,000 Breakout as Market Watches Key Resistance

Bitcoin is attempting to break above $79,000, with traders watching whether the move can drive a fresh leg higher. Cointelegraph reported on May 3 that Bitcoin has recovered most of its losses from earlier in the week and extended its rebound. A week

NYSE Files Rule Change to Allow Trading in Tokenized Securities

The New York Stock Exchange has filed a proposed rule change with the U.S. Securities and Exchange Commission to allow trading in tokenized securities. Wu Blockchain reported on May 3 that the NYSE submitted the proposal in line with the Depository T

Strategy Pauses Bitcoin Purchases Ahead of Earnings

Strategy, the publicly traded company with the largest Bitcoin holdings, paused additional purchases ahead of its earnings release. Michael Saylor wrote on X on May 3, "No buys this week," and said purchases would resume next week. Strategy has previ

Trump Says US to Help Foreign Ships Leave Strait of Hormuz From May 4, Signals Progress in Iran Talks

President Donald Trump said the US will help foreign ships stranded in the Strait of Hormuz leave the waterway, while also signaling that talks with Iran are progressing positively. Writing on Truth Social on May 3, Trump said several countries not d

US, China and UAE Shut 9 Crypto Scam Centers, Arrest 276

An international investigation involving the US, the United Arab Emirates and China has dismantled a large cryptocurrency fraud network. Cointelegraph reported on April 30 that the US Department of Justice said a joint operation led by Dubai Police,

Hashed Secures ADGM Financial License to Step Up Middle East Expansion

Global Web3 venture capital firm Hashed said on April 30 that its Abu Dhabi entity, Hashed Global Management Ltd. (HGML), received a Financial Services Permission from the Financial Services Regulatory Authority of Abu Dhabi Global Market in the Unit

Brent Crude Tops $126, Highest Since March 2022

Brent crude surged above $126 a barrel. As of 1:26 p.m. on April 30 in Korea, Brent crude traded at $126.20, up 6.92% from the previous session, according to CNBC data. That marked its highest level since March 2022. The latest rally in oil prices ap

BitMine Buys 65,000 ETH in a Day, Signaling Stronger Ethereum Demand

BitMine, led by Tom Lee, has emerged as a major buyer of Ether over the past day. Cointelegraph reported on April 30 that the company accumulated about 65,000 ETH over the previous 24 hours, worth roughly $147 million. Its latest transactions showed

US Spot Ether ETFs See $87.72 Million in Net Outflows, Extending Losing Streak to Three Days

US spot Ether exchange-traded funds recorded net outflows, extending their streak of withdrawals. According to Trader T data, the funds posted net outflows totaling $87.72 million on April 29. It was the third straight trading day of net withdrawals.

US Spot-Bitcoin ETFs See $137.75 Million in Net Outflows for Third Straight Session

U.S. spot-Bitcoin exchange-traded funds extended their streak of outflows. Data from Trader T showed the funds recorded net outflows of $137.75 million on April 29, marking a third consecutive trading session of withdrawals. BlackRock’s IBIT led the

Tiger Research, Smilegate Asset Management Sign MOU to Expand Digital-Asset Research

Tiger Research, a Web3-focused research firm, said April 30 that it signed a memorandum of understanding with Smilegate Asset Management on cooperation in digital-asset research. Under the agreement, Tiger Research will regularly provide its blockcha

Bitcoin Hits Resistance at $78,000-$79,000 as Balanced Flows Keep It Rangebound

Bitcoin’s rebound has run into a key resistance zone, pointing to a period of short-term consolidation as the market searches for direction, Glassnode said. In its weekly report on April 29, Glassnode said Bitcoin was rejected in the $78,000 to $79,0