Suehyeon Lee

Analysis: Ethereum Buying Strength Returns; Upside Momentum May Build if Taker Ratio Holds Above 1

Ethereum could build stronger upside momentum if market-buy orders continue to outpace sells, according to an analysis. On Sept. 7, Arab Chain, a contributor to CryptoQuant, said an analysis of Binance data showed Ethereum’s Taker Buy/Sell Ratio had

South Korea Tax Agency Says Bankrupt Overseas Crypto Exchanges Still Trigger Account Reporting

South Korea’s National Tax Service said accounts held with overseas virtual-asset exchanges remain subject to foreign financial account reporting even if the exchange has gone bankrupt and trading or withdrawals have been suspended. Digital Asset rep

AI Optimism Lifts Emerging-Market Stocks; Kospi Jumps More Than 3%

Expectations for a new artificial intelligence model drove gains in technology shares, including chipmakers, lifting emerging-market stocks. Strength in tech supported investor sentiment despite rising oil prices and renewed concerns about US interes

Harmony to Shut Down Layer-1 Blockchain, Pursue Ethereum Migration for ONE Token

Harmony plans to shut down its layer-1 blockchain and move its native ONE token to Ethereum after a series of security threats. The Block reported on Sept. 7 that Harmony wrote in a post on X that threats from nation-state attackers and artificial in

Bitcoin Falls Below $80,000 as US-Iran Conflict Lifts Oil, Clouds Fed Outlook

Bitcoin fell below $80,000 as rising oil prices and uncertainty over US interest rates weighed on sentiment amid an escalating military clash between the US and Iran. As of 2 p.m. in South Korea on Sept. 7, Bitcoin was trading at $79,714.99 on Binanc

Buterin Says AI Unlikely to Undermine Bitcoin Security, Remains Optimistic on Long-Term Cybersecurity

Vitalik Buterin, a co-founder of Ethereum, pushed back on concerns that advances in artificial intelligence could threaten Bitcoin security. Wu Blockchain reported on September 7 that Buterin is optimistic about the long-term trajectory of cybersecur

Goldman Sachs Says Oil Could Hit $120 if Middle East Crude Shipping Disruptions Worsen

Goldman Sachs said global oil prices could climb to $120 a barrel if attacks on ships in the Middle East intensify. Bloomberg reported on September 7 that Daan Struyven, co-head of global commodities research at Goldman Sachs, said in an interview th

US Spot Bitcoin ETFs Post Third Straight Week of Net Inflows, Add $986.9 Million

U.S. spot Bitcoin exchange-traded funds recorded net inflows for a third straight week, signaling a recovery in institutional demand for cryptocurrency exposure. The Block reported on Sept. 7, citing SoSoValue data, that U.S. spot Bitcoin ETFs posted

Analysis: 116,000 Ether Withdrawn From Exchanges, Raising Prospect of Sharp Price Swings

More than 116,000 Ether has been withdrawn from cryptocurrency exchanges over the past 48 hours, fueling expectations of a major price move. Crypto analyst Ali Martinez wrote on X on September 6 that more than 116,000 Ether had been withdrawn from ex

Gold Extends Decline as Strong U.S. Jobs Data Lift Odds of September Fed Rate Hike to 60%

Gold extended its decline after stronger-than-expected U.S. employment data lifted expectations for a Federal Reserve interest-rate increase in September. Bloomberg reported on September 6 that spot gold fell 0.1% to $4,425.37 an ounce as of 8:28 a.m

Lummis Says Next Real Chance to Pass CLARITY Act Is 2030 if Congress Misses This Session

Calls are mounting for swift passage of the CLARITY Act, a US market-structure bill for digital assets. On September 6, US Senator Cynthia Lummis wrote on X that if the CLARITY Act does not pass in the current Congress, the next meaningful opportunit

Altcoin Perpetual Futures Open Interest Surpasses Bitcoin for First Time Since December 2024

Open interest in altcoin perpetual futures has surpassed Bitcoin's for the first time since December 2024, pointing to a rapid influx of leveraged money into the altcoin market. The shift is also sharpening focus on the risk of large-scale liquidatio

MENA Crypto Trading Surges to $350 Billion a Year; Saudi Growth Hits 154%

The cryptocurrency market in the Middle East and North Africa is expanding rapidly, with annual on-chain transaction volume reaching about $350 billion. Wu Blockchain reported on September 6 that the Bitcoin Policy Institute estimated the MENA region

Did Japan Sell US Treasuries to Defend the Yen? Foreign Securities Holdings Plunge $87.8 Billion

Japan may have sold part of its foreign securities holdings, including US Treasuries, to finance the largest foreign-exchange intervention on record aimed at defending the yen. Bloomberg reported on September 6 that data released the same day by Japa

OpenAI’s GPT-6 Astra Lifts Korean Chip Stocks, With Samsung and SK Hynix Up Sharply

South Korean semiconductor stocks climbed across the board early Sept. 7 after OpenAI unveiled its next-generation artificial intelligence model, reviving expectations for another round of spending on AI infrastructure. Samsung Electronics was up 3.9

Goldman Sachs Keeps 12,000 Kospi Target, Sees About 80% Upside

Goldman Sachs kept its 12,000 target for South Korea’s Kospi, saying strength in the country’s memory-chip industry driven by expanding artificial-intelligence investment will last longer than expected. Bloomberg reported on September 6 that Timothy

[Today’s Top Economic and Crypto Events] Euro Area Second-Quarter GDP, US Labor Day Market Closure

<Today’s Top Economic Calendar> ▶︎ Sept. 7 (Monday): △ U.S. financial markets closed for Labor Day △ Euro area second-quarter gross domestic product (GDP) at 6 p.m. <Today’s Top Crypto Calendar> ▶︎ Sept. 7 (Monday): △ Canopy (CNPY) trading support on

White-Hat Hacker Withdraws 4,000 Bitcoin From Liquid Network, or 95% of Reserves

A security breach at Bitcoin sidechain Liquid Network resulted in the withdrawal of 4,000 Bitcoin worth about $320 million. The withdrawal was carried out by an entity claiming to be a white-hat hacker, The Block reported on September 6. Before the i

Oil Rises as US-Iran Tensions Escalate Again, Fueling Inflation Concerns

Oil rose after the US and Iran exchanged attacks over the weekend, renewing concerns about potential disruptions to crude supplies. Brent crude gained 0.6% in Asian trading on September 6, Bloomberg reported. Iran said it had attacked three tankers u

Solana Launchpad StonkFun Integrates Raydium LaunchLab, Sending STONK Up 250% in a Day

StonkFun, a Solana-based token launchpad, saw its native token STONK jump more than 250% in a day after announcing an integration with Raydium's LaunchLab. The Block reported on September 6 that STONK was trading around $0.16 at about 4:30 p.m., up m

FIU Tightens VASP Filing Reviews to Verify Compliance Systems Work in Practice

South Korea’s Financial Intelligence Unit, or FIU, will begin checking whether registered virtual asset service providers are actually operating their organizations, staffing, computer systems, internal controls and compliance frameworks in practice.

Trump Says His Stock and Asset Holdings Have Earned the US Hundreds of Billions, Not Himself

President Donald Trump said his holdings in stocks and other assets were meant to benefit the US rather than himself. In a Truth Social post on September 6, Trump wrote, "I do this not for myself, but for our country," adding that "through stocks and

Tiger Research Says Virtual Protocol Is Evolving Into Infrastructure for AI Agents, Robotics

Tiger Research said the growth of the artificial intelligence agent economy is increasing the importance of infrastructure that supports agents' real economic activity. In a recent report, the market research firm said AI agents are moving beyond sim

Ukraine Says War May Last Through Another Winter as Kyiv Holds Follow-Up Talks After US-Russia Negotiations

Ukraine is seeking a new package of allied support, including stronger air defenses and energy assistance, as it prepares for the possibility that the war with Russia could last through another winter. Bloomberg reported on September 6 that Ukrainian

How Are Tokenized Securities Different From Electronic Shares? Korea Bets on an ‘Asset Department Store’ Strategy

South Korea’s digital securities market is taking shape ahead of the rollout of the tokenized securities, or STO, regime in February 2027. The Korea Exchange is set to open a fractional investment market based on electronic securities, while over-the

Yen Intervention Fears Rise Ahead of BOJ Meeting, Japan Holiday

With the Bank of Japan's September policy meeting and the holiday stretch that follows approaching, traders are growing more wary that Japanese authorities may step in again to buy the yen. Bloomberg reported on September 3 that the yen strengthened

Japan’s Remixpoint Sells All Altcoins, Shifts Crypto Holdings to Bitcoin

Japan-listed Remixpoint has sold all of its Dogecoin, Ether, Solana and XRP holdings, recasting its digital-asset strategy around Bitcoin. CoinDesk reported on September 3 that Remixpoint sold about 2.8 million Dogecoin on September 1 for about $234,

Bitcoin Rebounds to $77,600, but September Seasonality Points to Further Weakness

Bitcoin rebounded after briefly sliding to the $76,000 level, but a seasonally weak September and slowing spot demand are raising the risk of another correction. CoinDesk reported on September 3 that Bitcoin traded above $77,600 in morning trading, u

Wyoming Adopts Chainlink to Verify Stablecoin Reserves

Wyoming will use Chainlink’s Proof of Reserve technology to verify on-chain, in near real time, the reserves backing its state-issued stablecoin, Frontier Stable Token, or FRNT. The Wyoming Stable Token Commission has adopted Chainlink Proof of Reser

Trump Weighs Declaring Iran War Over as Wider Conflict Threatens Midterm Blowback

President Donald Trump has privately discussed with senior aides whether to declare the war with Iran over, the Wall Street Journal reported on September 3. The talks reflect growing concern that a broader conflict could become a political liability