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Korea Digital Asset Co., or KODA, said on June 2 that it had obtained SOC 1 Type 2 certification, an international standard for internal controls. SOC 1 Type 2 is an international assurance standard under which an external auditor verifies whether a
Hyperliquid (HYPE) has climbed to a new all-time high, with investor interest and market optimism also reaching their highest levels this year. On-chain analytics firm Santiment said on June 1 that Hyperliquid recently rose above $73, setting a fresh
The U.S. Senate is set to resume work this week after the Memorial Day recess, putting the CLARITY Act, a cryptocurrency market-structure bill, back in focus. Cointelegraph reported on June 1 that the Senate will continue deliberations on the CLARITY
<Today’s Key Economic Events> ▶︎June 2 (Tuesday): △Atlanta Fed second-quarter GDPNow (12:30 a.m. Korea time; 11:30 a.m. US time) △South Korea May consumer price index (8 a.m. Korea time; 7 p.m. US time) △US April Job Openings and Labor Turnover Surve
The EDGE token of decentralized derivatives exchange EdgeX jolted the market after tumbling nearly 70% at one point. Wu Blockchain said on June 1 that EDGE fell to $0.6115 from $1.1424 on Binance, a drop of about 46.8%. The token sank as low as $0.32
BitMine, a corporate holder of Ether, bought more of the token and increased its holdings to more than 5.41 million ETH. The Block reported on June 1 that BitMine recently purchased an additional 26,497 ETH, worth about $52 million at current prices.
House of Doge, the corporate organization behind Dogecoin (DOGE), has partnered with blockchain infrastructure firm Paxos. Under the agreement, Dogecoin will be integrated into Paxos's institutional cryptocurrency brokerage and custody infrastructure
President Donald Trump said a deal with Iran to extend a ceasefire and reopen the Strait of Hormuz could be reached next week. Trump made the remarks in a phone interview with ABC News Chief Washington Correspondent Jonathan Karl on June 1. “Things l
Grayscale appears close to launching a spot Hyperliquid exchange-traded fund tied to Hyperliquid’s HYPE token. The Block reported on June 1 that the asset manager disclosed the fee and ticker in an amended S-1 registration statement for the Grayscale
Asset manager Bitwise has bought more Hyperliquid tokens. On-chain analytics account Onchain Lens said June 1 that Bitwise purchased 112,158 HYPE through over-the-counter trading firm FalconX. The purchase was valued at about $8.18 million. Bitwise r
Aave, the decentralized finance lending protocol, is overhauling its standards for reviewing assets eligible for collateral. CoinDesk reported on June 1 that Aave said in a recent postmortem report it plans to incorporate external infrastructure risk
Wintermute, a digital-asset liquidity provider, is moving into prediction markets. Cointelegraph reported on June 1 that the firm plans to supply liquidity to prediction markets using its existing trading infrastructure, which handles about $3.5 tril
US spot-Bitcoin exchange-traded funds posted heavy outflows last week. Wu Blockchain said on June 1 that US spot-Bitcoin ETFs recorded net outflows of $1.42 billion during the May 25-29 period. That marked the third-largest weekly net outflow since t
Coinbase has started offering deposits and withdrawals in India’s local currency, the rupee. Wu Blockchain reported on June 31 that Coinbase launched a service allowing users in India to deposit and withdraw rupees directly through the Immediate Paym
A Solana developer has proposed a tokenomics overhaul that could turn SOL into a deflationary asset as network usage increases. SolanaFloor reported on June 31 that Solana developer cavemanloverboy proposed introducing a "Resource-Based Fee Burn" mec
Samsung Electronics Co. overtook Bitcoin to rank 13th globally by market capitalization. CompaniesMarketCap, which tracks the market value of global assets and companies, showed on June 1 that Samsung Electronics ranked 13th in the world by market ca
Bitcoin and major altcoins are becoming increasingly driven by derivatives rather than spot trading, a shift that could heighten market volatility, according to an analysis. CryptoQuant contributor Crazzyblockk, in a report analyzing Binance trading
Former Federal Reserve Chair Jerome Powell publicly raised concerns about any erosion of central-bank independence. Bloomberg reported on June 1 that Powell, speaking at the Profile in Courage award ceremony at the John F. Kennedy Presidential Librar
[Today's Key Economic Events] ▶ June 1 (Monday): △ South Korea May trade balance (9 a.m. Korea time, 8 p.m. US time) △ Fed Chair Jerome Powell speech (9:30 a.m. Korea time, 8:30 p.m. US time) △ US May Manufacturing PMI (10:45 p.m. Korea time, 9:45 a.
Strategy Chairman Michael Saylor has signaled another Bitcoin purchase. Cointelegraph reported on May 31 that Saylor posted a chart on X showing Strategy’s Bitcoin purchase history alongside the phrase “Working Better.” Saylor has posted similar mess
Ali Martinez identified $1.34 as a key buying zone for XRP. In a post on X on May 31, Martinez said he is watching the $1.34 level, the lower boundary of a rising channel, as a potential entry point. If that support holds, the next price targets are
International oil prices rebounded as uncertainty lingered over talks between the US and Iran on extending a ceasefire. Brent crude traded above $92 a barrel on June 29, while West Texas Intermediate hovered near $89, Bloomberg reported. Brent recove
Cardano Foundation's plan to hold Cardano Summit 2026 was scrapped after an on-chain governance vote rejected a treasury funding proposal. The Block reported on June 31 that the foundation wrote in an X post the previous day that it would respect the
Sui, the layer-1 blockchain, has disclosed the cause of three network outages last week. The Block reported on May 31 that the Sui Foundation said in a report that two bugs introduced during the rollout of the v1.72 upgrade on May 26 triggered the ca
<Lee Su-hyeon’s Coin Radar> is a weekly column that tracks movements in the cryptocurrency market and explains the forces behind them. It goes beyond listing price changes to analyze global economic developments and investor behavior, offering insigh
Bitcoin fell below $73,000 as escalating military clashes between the US and Iran weighed on crypto markets. CoinDesk reported on May 28 that Bitcoin dropped as low as $72,912 during trading, slipping below $73,000 for the first time in months. It wa
The Digital Asset eXchange Alliance, or DAXA, said on May 28 that it had established a standard aimed at preventing crypto exchange users from improperly lending API keys. An API key is authentication information that allows users to connect external
XRP has entered an extreme capitulation phase after months of mounting unrealized losses and heavy selling pressure, according to an analysis cited by AMBCrypto. Santiment data cited by AMBCrypto on May 28 showed XRP’s 30-day market value to realized
Expanded US Treasury issuance could put additional downward pressure on Bitcoin by pulling liquidity out of financial markets, CoinDesk reported on May 28. Michael Kramer, chief executive officer of Mott Capital Management, wrote in a report that Bit
Ethereum fell below $2,000, with retail investors showing overheated buy-the-dip sentiment, Santiment said. In a post on X on May 28, Santiment said Ethereum had dropped below $2,000 for the first time since March 29. The market intelligence firm sai