Suehyeon Lee

Samsung Electronics, SK Hynix Fall as US Chip Selloff, CXMT HBM3E Move Weigh

Samsung Electronics Co. and SK Hynix Inc. led declines in major South Korean chip stocks early on September 2, as a selloff in US semiconductor shares and concerns over Chinese progress in high-bandwidth memory technology weighed on sentiment. As of

Robinhood Wallet, Fomo Allow Card Purchases of Memecoins Without KYC; JPMorgan Seeks Visa Probe

Users can buy memecoins with credit cards on Robinhood Wallet and the social trading app Fomo without undergoing separate know-your-customer, or KYC, checks. The Block reported on September 1 that users can directly purchase memecoins including dogwi

Binance to Offer Options on 1,000 US Stocks, ETFs in Traditional Finance Push

Binance is adding options on about 1,000 US stocks and exchange-traded funds as it expands further into traditional financial products. The Block reported on September 1 that Binance will offer options on US stocks and ETFs through Nest Trading Limit

Koscom, Hyundai Motor Securities Partner on KoSTO Tokenized Securities Platform

Koscom said Sept. 2 that it signed a memorandum of understanding with Hyundai Motor Securities to cooperate on the use of its shared tokenized securities platform and on related business development. The companies held a signing ceremony at Koscom he

Kospi Opens 3.08% Lower at 6,625.47; Kosdaq Down 2.25%

Sept. 2 Economic and Crypto Calendar: US August ADP Employment, Canada Rate Decision

Today's Key Economic Events ▶ Sept. 2 (Wednesday): South Korea's August consumer price index (8 a.m. Korea time); US August ADP nonfarm employment change (9:15 p.m. Korea time); Canada interest-rate decision (10:45 p.m. Korea time) Today's Key Crypto

G20 Finance Chiefs Say Digital Assets Can Support Growth, Back Clear Pathways for Innovation

Finance ministers and central bank governors from the Group of 20 formally recognized the potential for digital assets to support economic growth and agreed to create clear pathways for responsible innovation. A G20 chair's statement released on Sept

Bitcoin Surges 25% in August for Best Monthly Gain Since 2017

Bitcoin climbed about 25% last month, posting its strongest August performance in nine years. Joel Kruger, market strategist at LMAX Group, told The Block on Sept. 1 that Bitcoin rose about 25% in August, its best showing for the month since 2017. It

Bitcoin-Gold Correlation Hits Record High, a Pattern That Previously Preceded Bitcoin Rallies

Bitcoin's price correlation with gold has climbed to a record high, raising the prospect of a repeat of the rallies seen in past cycles. The Block reported on September 1 that the 90-day Pearson correlation coefficient between Bitcoin and gold reache

Oil Rises for Third Day as US-Iran Clashes Escalate, WTI Near $91

International oil prices rose for a third straight trading day as renewed military clashes between the US and Iran fueled concern that crude shipments through the Strait of Hormuz could be disrupted. West Texas Intermediate neared $91 a barrel on Sep

SEC Proposes Allowing Blockchain as Official Ownership Record for Securities

The U.S. Securities and Exchange Commission is proposing to overhaul rules governing transfer agents to allow securities ownership to be officially recorded on blockchain. On September 1, the SEC unveiled proposed amendments to modernize decades-old

Bessent Says Treasury Yield Surge Isn’t Serious as 10-Year Tops 4.788%

Treasury Secretary Scott Bessent brushed off concerns about the bond market after long-term US Treasury yields climbed to their highest levels in years, saying inflation expectations remain well anchored. Speaking in Asheville, North Carolina, on Sep

Hyperliquid Strategies Expands Equity Financing Limit to $2.5 Billion, Allowing for More HYPE Purchases

Nasdaq-listed Hyperliquid Strategies has expanded the amount it can raise through share issuance to $2.5 billion. Wu Blockchain reported on September 1 that the company increased the total limit under its ChEF equity financing agreement to $2.5 billi

Bessent Backs BOJ Rate Hike to Correct Yen Undervaluation

US Treasury Secretary Scott Bessent voiced strong support for Japan’s monetary policy response to reverse yen weakness after meeting Bank of Japan Governor Kazuo Ueda, bolstering expectations for a BOJ interest-rate increase on Sept. 18. Bloomberg re

US Bitcoin ETFs Draw $3.5 Billion in August, Most Since July 2025

US-listed Bitcoin exchange-traded funds attracted their biggest monthly inflow in more than a year in August, as Bitcoin tested whether it could establish a foothold above $80,000. Bloomberg reported on Sept. 1 that US-listed spot-Bitcoin ETFs posted

DeFi Development Seeks $20 Million to Expand Solana Holdings

DeFi Development Corp., a Solana-focused treasury company, is seeking to raise up to $20 million to expand its SOL holdings and fund other crypto-related investments. The Nasdaq-listed company plans to issue floating-rate Series C perpetual preferred

South Korea FSC’s Crypto Policy Ranks Near Bottom in Self-Review as Tax Preparations Stay on Track

South Korea’s Financial Services Commission ranked near the bottom in an internal government performance review for two of its main virtual-asset policy initiatives. Edaily reported on September 1 that the FSC’s “2025 Internal Evaluation Results Repo

Bitcoin Holds Near $78,000 as Rising Oil, Treasury Yields Cap Further Gains

Bitcoin steadied near $78,000 after surging 24% in August, with higher oil prices and rising U.S. Treasury yields limiting further gains. CoinDesk reported on September 1 that Bitcoin traded just above $78,400 during Asian hours. It moved between $77

Japan Finance Minister Says US Agrees on Need for Yen Stability, Denies BOJ Rate-Hike Talks

Japanese Finance Minister Satsuki Katayama said joint foreign-exchange intervention with the US helped stabilize the yen, while denying reports that she discussed further Bank of Japan rate hikes with US Treasury Secretary Scott Bessent. Bloomberg re

US Spot Ether ETFs Draw $87.6 Million, Extend Inflow Streak to 11 Sessions

US spot Ether exchange-traded funds attracted more than $87 million in fresh capital in one day. Farside Investors data showed the funds recorded total net inflows of $87.6 million on Sept. 1, marking an 11th straight trading session of net inflows.

US Spot-Bitcoin ETFs Take In $216.7 Million, Returning to Inflows After One Session

U.S. spot-Bitcoin exchange-traded funds drew more than $200 million in net inflows after just one trading day. Farside Investors data released on September 1 showed U.S. spot-Bitcoin ETFs recorded combined net inflows of $216.7 million in the previou

Thailand SEC Proposes Letting Retail Investors Trade Overseas Crypto Derivatives

Thailand’s Securities and Exchange Commission has proposed allowing retail investors to trade certain overseas cryptocurrency derivatives through local intermediaries. Cointelegraph reported on September 1 that the Thai SEC published draft rule chang

Nvidia to Invest $3.5 Billion in Taiwan’s MediaTek in Biggest Overseas Direct Investment

Nvidia Corp. is investing $3.5 billion in Taiwanese semiconductor company MediaTek Inc., marking its largest direct investment outside the US. Bloomberg reported on August 31 that Nvidia agreed to buy $3.5 billion of convertible bonds to be issued by

BitMine Appears to Buy 51,000 More Ether Worth $126 Million

BitMine, led by Tom Lee, appears to have bought more than 50,000 additional Ether. On Aug. 31, on-chain analytics firm Lookonchain wrote on X that BitMine seemed to have purchased another 51,000 Ether from FalconX and BitGo about two hours earlier. T

North Korea’s Lazarus Sold More Than $30 Million of Bitcoin on Hyperliquid, Raising Money-Laundering Concerns

Wallets linked to the North Korean hacking group Lazarus sold more than $30 million of Bitcoin on the decentralized derivatives exchange Hyperliquid over the past three weeks. CoinDesk reported on September 31 that on-chain analysis commissioned from

Kalshi Permanently Bans Former US Rep. George Santos in First for Platform

Kalshi has permanently barred former US Representative George Santos from trading on its prediction-market platform, marking the first lifetime ban the company has imposed on a user. The Block reported on August 31 that, according to a disciplinary s

US 30-Year Treasury Yield Holds Above 5% for Longest Stretch Since 2006

Concerns over the US fiscal deficit, a surge in corporate bond issuance and uncertainty around Federal Reserve policy have kept the 30-year Treasury yield above 5% for the longest stretch since 2006. Bloomberg reported on August 31 that the US 30-yea

Samsung, SK Hynix Trade Mixed as Rate-Hike Fears, Oil Gains Weigh

Samsung Electronics Co. and SK Hynix Inc. were little changed on September 1 as the prospect of higher US interest rates and rising global oil prices kept investors from taking a clear directional view. As of 9:39 a.m., Samsung Electronics was down 2

Robinhood Chain DEX Volume Hits Record $989 Million as TVL Doubles to $708 Million

On-chain activity on Robinhood Chain is accelerating, with decentralized exchange volume and total value locked both reaching record highs. The Block reported on August 31 that daily DEX volume on Robinhood Chain hit an all-time high of $989 million

Gold Holds Near $4,440 as US-Iran Clashes Resume, Rate-Hike Fears Cap Gains

Gold traded in a narrow range near $4,440 as rising oil prices fueled inflation concerns and renewed worries over further US interest-rate increases. As of 8:52 a.m. on Sept. 1, spot gold rose 0.2% from the previous session to $4,448.64 an ounce. The