Suehyeon Lee

[Today's Key Economic & Crypto Calendar] U.S. March S&P Global Manufacturing & Services PMI, etc.

<Today's Key Economic Events> ▶︎24 (Tue): △U.S. Q4 nonfarm business sector productivity (KST 21:30) △U.S. Q4 unit labor costs (KST 21:30) △U.S. March S&P Global Manufacturing PMI (KST 22:45) △U.S. March S&P Global Services PMI (KST 22:45) △Speech by

"Bitcoin rebound a 'short-covering rally' without demand…spot trading plunges"

Bitcoin (BTC) has posted a short-term rebound, but analysts say the move has been driven largely by short covering rather than underlying demand. According to Cointelegraph on the 23rd (local time), Bitcoin recently rose above $71,700, while spot tra

US Senate leans toward banning stablecoin interest payments as “holding rewards” … emerging as a key flashpoint in the market structure bill

As the US Senate’s proposed amendments to the digital-asset (cryptocurrency) market structure bill known as the “CLARITY Act” include a plan to ban “interest for holding” stablecoins, regulation of reward structures is emerging as a central issue. Ac

Citadel-backed exchange moves to launch 'won-dollar stablecoin derivatives'

A Citadel Securities-backed crypto (digital asset) exchange is pushing to launch blockchain-based derivatives that track the won-dollar exchange rate. According to Bloomberg on the 23rd (local time), EDXM International, the global affiliate of U.S.-b

Bitcoin’s Downturn Deepens… Talk Emerges of a Slide Into the $50,000 and $40,000 Ranges

As Bitcoin (BTC) fails to hold key support levels, concerns are mounting over the potential for further declines. According to Cointelegraph on the 23rd (local time), Bitcoin recently traded near $71,000 and attempted a rebound, but failed to break a

US SEC hands off to White House review proposed criteria to exclude crypto assets from 'securities'…a pivotal moment for regulatory shift

The US Securities and Exchange Commission (SEC) has sent to the White House a proposed interpretive guidance that would move toward treating a substantial share of virtual assets (cryptocurrencies) as not being securities, accelerating changes to the

XRP breaks below $1.40…selling pressure dominant as losses persist

XRP has extended its bearish move after falling below the key support level of $1.40. According to CoinDesk on the 23rd (local time), XRP slid over the past 24 hours from around $1.44 to roughly $1.38, posting a decline of about 3.7%. Notably, as the

SBF’s parents: “There was no loss of customer funds”… Liability dispute persists despite FTX payouts

The parents of Sam Bankman-Fried (SBF), founder of the bankrupt crypto exchange FTX, pushed back head-on against his guilty verdict in a public interview. According to CoinDesk on the 23rd (local time), Barbara Fried and Joseph Bankman said in a CNN

Early Ethereum Investor Moves 15,000 ETH to Coinbase, Raising Profit-Taking Speculation

An address believed to belong to an early Ethereum (ETH) investor has moved a large amount of tokens to an exchange, prompting speculation about a potential sell-off. According to on-chain analyst ai_9684xtpa on the 23rd (local time), an early Ethere

Stablecoin balances on Korean exchanges plunge 55%… funds rotate into equities amid won weakness

Stablecoin holdings on domestic virtual-asset (cryptocurrency) exchanges have dropped sharply, making the rotation of funds into the stock market increasingly evident. According to CoinDesk on the 23rd (local time), stablecoin balances in wallets lin

Spot Bitcoin ETFs See Net Inflows for Fourth Straight Week…Ethereum Continues to Bleed Funds

Inflows into spot Bitcoin (BTC) exchange-traded funds (ETFs) continued, while spot Ethereum (ETH) ETFs extended their run of outflows. According to SoSoValue data cited by Wu Blockchain on the 23rd (local time), spot Bitcoin ETFs posted total net inf

Gold plunges 22% from record high, "enters bear market"

Gold prices have fallen more than 20% from their all-time high, prompting analysis that the metal has entered a bear market. On the 23rd (local time), The Kobeissi Letter said on X that "gold prices are down about 22% from the peak, officially enteri

Michael Saylor hints at additional Bitcoin purchases… Strategy’s unrealized loss widens to 10%

Michael Saylor, chairman of Strategy, has hinted at additional purchases of Bitcoin (BTC) despite the recent market downturn. According to Cointelegraph on the 23rd (local time), Saylor posted on social media the previous day a message saying, “The O

Government to draw up a ‘Public Virtual Asset Custody Manual’…distribution slated for 1H

The government has moved to prepare a custody manual to overhaul the management framework for virtual assets (cryptocurrencies) held by public institutions. According to industry sources on the 23rd, the Ministry of Economy and Finance and the Financ

Bitcoin locked in a battle around the 200-week EMA… “Support reliability is weakening”

Bitcoin (BTC) is continuing to tussle around a key long-term support zone near $68,000, amid analysis suggesting that confidence in technical indicators has weakened. According to Cointelegraph on the 22nd (local time), Bitcoin has been oscillating a

[Analysis] "Bitcoin breaks below $69,000…derivatives market steps up downside hedging"

An analysis suggests that as Bitcoin fell below the $69,000 level, market structure is tilting toward the bearish side. On the 22nd (local time), 10x Research said in a recent report, "Bitcoin has broken below $69,000. A break of this level is not me

"Bitcoin will hit $60,000 before $80,000"…Polymarket odds at 61%

A forecast has emerged that Bitcoin (BTC) is more likely to decline than rise in the short term. According to Cointelegraph on the 22nd (local time), traders on the decentralized prediction market Polymarket were shown to be pricing in a 61% probabil

"Gold near record highs on a liquidity basis…Bitcoin still in a pre-rally 'correction phase'"

Gold is trading near record-high levels when viewed through the lens of global liquidity (M2), while Bitcoin (BTC) remains in a correction phase ahead of a potential rally, according to an analysis. According to CoinDesk on the 22nd (local time), gol

Gold price plunges below $4,350… $1.5 trillion in market cap wiped out in three hours

A sharp drop in gold prices erased a massive amount of market capitalization in a short period. According to WatcherGuru on the 17th, gold fell below $4,350 per ounce. As a result, market capitalization worth about $1.5 trillion was wiped out from th

Banks step up review of introducing 'tokenized deposits'… set to compete with stablecoins and CBDCs

Global banks are increasingly moving to seriously examine the introduction of 'tokenized deposits' as they respond to blockchain-based payment and settlement infrastructure. According to Cointelegraph on the 22nd (local time), RWA data platform RWA.i

[Analysis] "Bitcoin enters capitulation zone for long-term holders…Whether SOPR recovers 1.0 is the inflection point"

An analysis suggests that capitulation by long-term holders (LTH) in the Bitcoin (BTC) market has triggered an on-chain signal indicating entry into a “fear zone.” On the 22nd (local time), CryptoQuant contributor The Enigma Trader said, “As of March

[Today’s Key Economic & Crypto Calendar] US January Construction Spending, etc.

<Today’s Key Economic Calendar> ▶︎23 (Mon): △US January construction spending (23:00 Korea time) <Today’s Key Crypto Calendar> ▶︎23 (Mon): △River (RIVER) token unlock (23:30 Korea time) △Akash Network (AKT) Burn-Mint Equilibrium introduction △HTX DAO

Hyperliquid volume hits $14.39 billion as rising oil prices drive expansion in crude derivatives

Trading activity on the decentralized derivatives platform Hyperliquid is expanding, while the crude-oil-led commodities market is showing strength. According to UBlockchain on the 22nd (local time), Hyperliquid HIP-3 posted cumulative trading volume

"Gold is for central banks, Bitcoin is for individuals"…What’s driving the widening divergence between gold and Bitcoin

An analysis suggests that the recent divergence in price trends between gold and Bitcoin (BTC) stems from differences in the main investor base. According to Cointelegraph on the 22nd (local time), Stephen Coltman, head of macro at 21Shares, said, "G

Fidelity urges US SEC to overhaul rules for digital asset trading... "Need standards for tokenized securities"

Global asset manager Fidelity has urged the US Securities and Exchange Commission (SEC) to refine the regulatory framework for trading digital assets (cryptocurrencies) and tokenized securities. According to Cointelegraph on the 22nd (local time), Fi

NYSE submits proposal to the SEC to ease rules on Bitcoin and Ether ETF options

NYSE-affiliated exchanges have moved to amend rules to ease regulations on options trading for spot Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs). According to The Block on the 22nd (local time), NYSE Arca and NYSE American recently file

Bank of Korea launches Phase 2 of 'Project Hangang'… CBDC pilot resumes, broader bank participation

As the Bank of Korea’s central bank digital currency (CBDC) pilot resumes, discussions over building digital payment infrastructure also appear to be gaining pace. According to industry sources on the 23rd, the Bank of Korea has recently begun Phase

Scaramucci: "Bitcoin’s decline reflects the four-year cycle… rebound seen in Q4 2026"

An analysis suggests that Bitcoin’s (BTC) bearish trend is the result of the traditional four-year cycle and selling by long-term holders. According to Cointelegraph on the 22nd (local time), Anthony Scaramucci, managing partner at SkyBridge Capital,

[Market] Bitcoin breaks below $68,000…selling pressure intensifies on Middle East risk

Bitcoin (BTC) has fallen below the $68,000 level. As of 6:30 a.m. on the 23rd (KST), Bitcoin was trading at $67,795.90, down 3.63% from the previous day, according to CoinMarketCap. On Upbit’s KRW market, it is trading at 102.27 million won, down 1.4

Bitcoin ‘shaken’ by Middle East-driven energy shock…compounded by delayed rate cuts [Lee Soo-hyun’s Coin Radar]

<Lee Soo-hyun’s Coin Radar> is a weekly column that reviews trends in the virtual asset (cryptocurrency) market and explains the backdrop. Going beyond a simple listing of price moves, it offers a multi-angle analysis of global macro issues and inves