Suehyeon Lee

Block Applies to Launch US National Trust Bank for Bitcoin, Stablecoin Custody

Block, the financial technology company led by Jack Dorsey, is seeking to establish a U.S. national trust bank to provide custody for digital assets including Bitcoin and stablecoins. Bloomberg reported on September 8 that Block has applied to the Of

Trump Warns Canadian Firms Could Be Excluded From US Procurement as Trade Tensions Escalate

President Donald Trump said Canadian companies could be barred from US government procurement unless Canada guarantees equal market access for American businesses and farmers. Bloomberg reported on September 8 that Trump made the threat in a Truth So

Trump Envoy Witkoff Reported $107 Million of 2025 Income From Holding Company Including Crypto Venture

Steve Witkoff, President Donald Trump’s special envoy for Middle East and Ukraine negotiations, earned more than $100 million last year through a holding company that includes cryptocurrency businesses. Bloomberg’s analysis of a recently disclosed fi

Strive Buys 1,375 More Bitcoin, Bringing SATA Balance to the Brink of $1 Billion

Strive (ASST), which is pursuing a Bitcoin treasury strategy, added substantially to its holdings last week with another large purchase. The balance of its self-issued SATA preferred stock also approached $1 billion. The Block reported on September 8

Australia’s AUSTRAC Cancels, Suspends or Refuses Renewals for 45 Crypto, Remittance Firms

Australia’s financial intelligence agency, AUSTRAC, canceled, suspended or refused to renew the registrations of 45 virtual-asset and remittance businesses over the past year as it tightened oversight of payment providers with elevated money-launderi

[Analysis] Bitcoin’s Break Above $80,000 Hinges on Fed Rate Policy

Bitcoin’s ability to break above $80,000 and extend its gains will hinge on the Federal Reserve’s interest-rate policy, according to a market analysis. Cointelegraph reported on Sept. 8 that James Butterfill, head of research at CoinShares, wrote in

Japan Finance Minister Says in Close Contact With U.S. on FX; Yen Strengthens to 153 Against Dollar

Japan said it will remain in close contact with the U.S. Treasury over the yen’s recent strength and work to ensure orderly moves in the foreign-exchange market. Bloomberg reported on September 8 that Japanese Finance Minister Satsuki Katayama told a

Social Trading Platform Fomo Tops Pump.fun in Daily Revenue

Social trading platform Fomo has overtaken Solana-based memecoin launchpad Pump.fun in daily revenue, Cointelegraph reported on Sept. 8, citing DefiLlama data. Fomo generated $1.76 million in revenue on Sept. 4, compared with $1.1 million for Pump.fu

U.S. Spot Bitcoin, Ether ETFs Draw $1.1 Billion in Weekly Inflows, With Nearly 80% Concentrated in One Day

U.S. spot Bitcoin and Ether exchange-traded funds drew a combined $1.1 billion in net inflows last week, with nearly 80% of the total concentrated in a single day. CoinMarketCap data released on Sept. 8 showed spot Bitcoin ETFs posted net inflows of

Kospi Rises for Second Day, but Retail Investors Net Buy $151 Million of Inverse ETFs

South Korea’s Kospi rose for a second straight day, but retail investors were heavily buying inverse exchange-traded funds that profit when the benchmark index falls. According to data from the Korea Exchange and Koscom CHECK, from September 7 throug

U.S., Japan and Europe Face Rate-Hike Risks as Middle East Tensions Flash Volatility Warning for Global Markets

Global financial markets could see volatility rise sharply through year-end as the risk of additional rate hikes in major economies combines with fiscal strains and higher oil prices driven by the war in the Middle East. Bloomberg reported on Septemb

UK FCA Weighs Lifting Retail Ban on Prediction Market Platforms

The UK Financial Conduct Authority is considering easing its ban on prediction market platforms for retail investors, a restriction that has been in force since 2019. Cointelegraph reported on September 7, citing The Times, that the FCA has been in c

Samsung Preferred Shares Gain on Buyback Hopes, Narrowing Gap With Common Stock

Samsung Electronics Co.’s sweeping shareholder return plan is fueling expectations that its undervalued preferred shares could be included in future buybacks, raising the prospect that the price gap with its common stock will narrow. Bloomberg report

Abraxas Capital Buys Additional $32.39 Million of Ether to Hedge Massive Short

Abraxas Capital has bought additional spot Ether worth more than $32 million to hedge its short position in the token. Lookonchain said on September 7 that Abraxas Capital recently bought another 13,000 ETH in the spot market. The purchase was worth

Yen Strengthens Into 153 Per Dollar, Nearing 2026 High, on BOJ Rate-Hike Bets

The Japanese yen strengthened into the 153-per-dollar range, approaching its strongest level of the year, as expectations for additional Bank of Japan rate hikes and the unwinding of yen carry trades gathered momentum. Bloomberg reported on September

South Korea’s FSC Increases Crypto Money-Laundering Tracking Budget by $1.4 Million

South Korea’s Financial Services Commission will expand investment in a specialized crypto-asset analysis and tracking solution and an artificial intelligence-based screening system to respond to money laundering involving virtual assets, or digital

Canary Staked TRX ETF to Begin Trading on Cboe on Sept. 9

Canary Capital’s staked Tron exchange-traded fund is set to list on Cboe in the U.S. ETF analyst Henry Jim said on Sept. 7 that the Canary Staked TRX ETF will begin trading on Cboe on Sept. 9. The ticker is TRXS. The fund invests in Tron’s TRX token

Japan Revises Up Q2 GDP Growth to 1.4%, Boosting BOJ Rate-Hike Outlook

Japan’s second-quarter economic growth was revised higher from the initial estimate, lending support to expectations that the Bank of Japan will raise its benchmark interest rate next week. Bloomberg reported on September 7 that Japan’s Cabinet Offic

Gold Holds Near $4,400 as Middle East Tensions, Fed Hike Odds Tug Prices in Opposite Directions

Gold held little changed near $4,400 an ounce as Middle East tensions stemming from the U.S.-Iran conflict offset expectations for a Federal Reserve interest-rate increase. According to Bloomberg, spot gold rose 0.1% to $4,409.68 an ounce as of 7:18

Yen Surges to 153 Per Dollar, Highest in Six Months, as Hedge Funds Unwind Shorts

BOJ Rate-Hike Cycle Gains Momentum Yen Could Strengthen Further if Middle East Tensions Ease The yen surged into the 153-per-dollar range, reaching its strongest level in about six months, as expectations grew that U.S. and Japanese monetary authorit

Kospi Reclaims 7,000 Intraday for First Time in Over a Month as Chip, Nuclear Stocks Rise

The Kospi reclaimed the 7,000 level in intraday trading for the first time in more than a month on Sept. 8, supported by stronger demand expectations for artificial intelligence semiconductors and optimism over U.S.-South Korea cooperation on nuclear

[Today’s Key Economic and Crypto Events] South Korea, Japan Set to Release Second-Quarter GDP Data

<Today’s Key Economic Events> ▶ Sept. 8 (Tuesday): South Korea second-quarter GDP (8 a.m.); Japan second-quarter GDP (8:50 a.m.) <Today’s Key Cryptocurrency Events> ▶ Sept. 8 (Tuesday): Deadline to respond to the "Karst" upgrade on the World Chain Se

Coldcard Hacker Moves 45% of Bitcoin Stolen in Third Attack, Launders Funds Through CoinJoin

The hacker behind the attack on Bitcoin hardware wallet Coldcard has moved 45% of the assets stolen in the third attack. The Block reported on September 7 that Galaxy Research said the suspected hacker behind Coldcard’s third attack continues to move

Ethereum Foundation Designates 2 Must-Have EIPs for Hegotá Upgrade

The Ethereum Foundation has formally designated two core proposals as mandatory for Hegotá, the network’s next upgrade. Cointelegraph reported on September 7 that the Ethereum Foundation reviewed 62 Ethereum Improvement Proposals, or EIPs, and select

Oil Extends Gains as Iran-Oman Strait of Hormuz Shipping Pact Draws Focus

Oil extended gains as Iran and Oman discussed a plan to manage vessel traffic through the Strait of Hormuz, stoking concern that Tehran could strengthen its control over one of the world’s most critical crude shipping routes. Bloomberg reported on Se

France's Capital B Buys 376 More Bitcoin for $29.4 Million, Expands Holdings to 3,521 BTC

France's Bitcoin treasury company Capital B has bought 376 Bitcoin for about $29.4 million, marking its largest purchase in roughly a year. The Block reported on September 7 that Capital B spent 25.3 million euros, or about $29.4 million, to acquire

Liquid Network Attacker Returns 3,400 Bitcoin, or 85% of Stolen Funds

An attacker who drained about 4,000 Bitcoin from the Bitcoin sidechain Liquid Network has returned about 85% of the stolen funds after a security flaw was patched. The attacker, who described himself as a white-hat hacker, discussed the terms of the

DBS, Citi Complete First Singapore-US Weekend Dollar Settlement Using Tokenized Deposits

Singapore's DBS Bank and Citi have successfully used tokenized deposits to process a U.S. dollar settlement between Singapore and the United States in near real time over a weekend. The Block reported on September 7 that DBS and Citi's New York branc

Bitcoin Hovers Below $80,000 Ahead of US Inflation Data as Fed Rate-Hike Fears Build

Bitcoin was trading below $80,000 as investors turned cautious ahead of key US inflation readings and weighed the possibility of another Federal Reserve interest-rate increase. The Block reported on September 7 that Bitcoin changed hands at about $79

Bitcoin-Gold Correlation Hits Highest Since 2017 as Nasdaq Link Falls to One-Year Low

Bitcoin's correlation with gold has strengthened sharply while its link to the tech-heavy Nasdaq has weakened, highlighting the cryptocurrency's "digital gold" narrative. Wu Blockchain, citing Protos on Sept. 7, reported that the 90-day correlation c