YM Lee

Lee Jae-myung Names Six Ministerial Picks in Reshuffle, Recasts AI and Political Team

President Lee Jae-myung on Aug. 30 nominated new ministers for six posts covering the economy, justice and defense, and also reshuffled senior presidential staff and special adviser roles. Lee Hyeong-il, the first vice finance minister, was tapped as

US Appeals Court Backs Nevada’s Authority to Regulate Kalshi Sports Contracts

A federal appeals court has upheld Nevada’s authority to regulate sports event contracts, intensifying a fight between federal and state officials over control of prediction markets. The Commodity Futures Trading Commission sharply criticized the rul

Stellar’s RWA Market Surges 360% This Year, Nears $4 Billion

Stellar’s market for tokenized real-world assets, or RWAs, has grown more than fourfold this year to nearly $4 billion. Cointelegraph reported on August 29 that the market capitalization of RWAs on the Stellar network stood at $3.996 billion as of th

Polygon Discloses Security Flaws Fixed in Hard Forks, Says No Mainnet Exploitation Found

Polygon disclosed multiple security vulnerabilities on its proof-of-stake, or PoS, network after fixing them through hard forks. It said it has found no cases of the flaws being exploited on the mainnet. Cointelegraph reported on August 29 that Polyg

Warsh Revives Shin’s ‘Hall of Mirrors’ to Challenge Fed Forward Guidance

Federal Reserve Chair Kevin Warsh delivered a speech titled “In Our Time” at the annual Jackson Hole symposium in Wyoming on Aug. 28. He addressed artificial intelligence, the economy, monetary policy principles and how central banks communicate with

BOK’s Shin Says Up to $20 Billion of Annual US Investment Won’t Strain Won

Shin Hyun-song, governor of the Bank of Korea, said an increase in South Korea’s investment in the US is unlikely to have a major effect on the won-dollar exchange rate. Given the country’s foreign-exchange reserves and investment income, annual inve

Tokenized Stock On-Chain Transfers Surge 415% in a Month to $29.5 Billion

The market for tokenized stocks is growing rapidly. On-chain transfer volume surged 415% over the past 30 days to $29.5 billion. Cointelegraph reported on Aug. 29, citing data from on-chain real-world asset platform RWA.xyz, that monthly active addre

Kospi Volatility Cools, but Thin Trading Stalls Push Above 7,000

After wild swings last month, South Korea’s Kospi has entered a calmer phase following tighter rules on single-stock leveraged products. Volatility has dropped quickly, but trading volume and value have also fallen, weakening the market support neede

SEC Moves to Ease ICO Rules, but Weak Investor Demand May Limit Fundraising

The US Securities and Exchange Commission is moving to ease rules for initial coin offerings, though it remains unclear whether the changes will bring in fresh capital as investor interest has cooled sharply since the last ICO boom. Bloomberg reporte

US Banks Weigh Issuing Stablecoins as They Move to Defend Deposits

US banks are accelerating plans to enter the stablecoin market as they seek to protect their deposit base and payments businesses from a push by nonbank companies into finance. The Wall Street Journal reported on Aug. 26 that JPMorgan Chase has recen

Evernorth Speeds Nasdaq Listing Process After SEC Declares S-4 Effective

Evernorth, a digital-asset treasury company focused on XRP, is moving faster toward a Nasdaq listing after the U.S. Securities and Exchange Commission declared effective an S-4 registration statement tied to its planned business combination. On Aug.

Bitcoin Regains $81,000, Extending Rally

Won Holds Steady in 1,380s Against Dollar Ahead of Jackson Hole

The won was little changed against the dollar in the 1,380-per-dollar range as traders stayed on the sidelines ahead of Federal Reserve Chair Kevin Warsh's Jackson Hole speech. In Seoul trading on August 28, the won-dollar exchange rate moved near th

Kospi Falls to 6,866.38 as Foreign, Institutional Selling Overshadows US Tech Rally

The Kospi fell in early trading on August 28 as selling by foreign and institutional investors offset a rally in US technology shares led by Nvidia. As of 9:05 a.m., the benchmark Kospi was down 45.99 points, or 0.67%, at 6,866.38. Overnight, Wall St

MoonPay Adds AI Access to Solana Lending With Natural-Language Commands

Crypto payments platform MoonPay has added a feature that lets users access Solana-based deposit and lending services through AI agents. MoonPay has integrated Solana-based lending protocol Kamino into PayBox, its AI-focused payment vault service, Co

DeFi Development Resumes Solana Purchases, Adds 19,000 SOL

DeFi Development Corp., a Nasdaq-listed company, has resumed buying Solana, expanding its holdings. The company bought about 19,000 SOL at an average price of $98.14 on Aug. 27, according to The Block. That brought its total holdings, including staki

Dunamu, Visa Partner on Stablecoin Payments, Global Remittances and AI Commerce

Dunamu is partnering with Visa to develop stablecoin-based payments and global remittance businesses. The companies also plan to expand the alliance into next-generation payments, including agentic commerce, in which artificial intelligence handles e

Hyperliquid Strategies More Than Doubles HYPE Holdings as Shares Jump 18%

Nasdaq-listed Hyperliquid Strategies more than doubled its holdings of Hyperliquid's HYPE token. The company's shares also jumped nearly 18% on the day it reported earnings. The Block reported on Aug. 27 that Hyperliquid Strategies held 29.3 million

Nvidia Jumps 8.74%, Lifting Nasdaq 1.57% as Tech Shares Rally

U.S. stocks climbed on August 27, led by technology shares after Nvidia’s strong earnings revived expectations for spending on artificial intelligence. Buying spread across semiconductor and software stocks as optimism over AI investment returned. Th

BitGo Acquires NYDIG Institutional Trading Business to Expand Derivatives, Financial Services

Digital-asset infrastructure firm BitGo has acquired NYDIG's institutional trading business, expanding its derivatives and financial services offerings as it pushes deeper into the institutional digital-asset market. BitGo said Aug. 27 it had complet

OCC, FDIC Tighten Definition of Unsafe Bank Practices, Limiting Leeway to Pressure Crypto Firms

The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. clarified the standards they use to define "unsafe or unsound practices" in bank supervision. By tying scrutiny more closely to actual legal violations and material

Virtu, Tradeweb Complete First On-Chain Repo Backed by Marshall Islands Digital Sovereign Bond

Virtu Financial and Tradeweb have completed an on-chain repurchase agreement, or repo, transaction backed by a digital sovereign bond issued by the Marshall Islands. The firms said it was the first transaction to be executed and settled entirely on-c

KiiChain Expands Partnerships After Mainnet Launch, Builds Out On-Chain FX Network

KiiChain, an on-chain foreign-exchange infrastructure provider, is stepping up efforts to expand its transaction base and global partnerships after launching its mainnet. Cumulative transaction volume on the platform has topped $600 million, the comp

CME CEO Says Prediction Markets Are Vulnerable to Manipulation in Clash With CFTC, Kalshi

A dispute over how to regulate prediction markets spilled into public view, setting traditional finance against the prediction-market industry. The Block, a cryptocurrency-focused media outlet, reported on August 20 that CME Group Chief Executive Off

Refined Fuel Supply Fears Grow as Gasoline, Diesel Prices Stay High

Damage to global refining facilities from the Iran war may keep gasoline, diesel and other refined fuel prices elevated even if crude oil prices stabilize. Reuters reported on August 20 that columnist Ron Bousso wrote the oil market adapted relativel

Travel Wallet Targets 2027 Kosdaq Listing, Begins Full IPO Push

Travel Wallet, a global foreign-exchange and payments fintech company, has begun full-scale preparations for an initial public offering, targeting a 2027 listing on South Korea’s Kosdaq market. The company said Aug. 21 that it selected KB Securities

Binance Launches AI Agent Platform for Market Data, Account Access and Trading

Binance has launched a developer platform that lets AI agents handle tasks from retrieving market data to executing trades. Cointelegraph reported on Aug. 20 that Binance introduced Agent OS, a platform that allows AI agents to pull market data, moni

Treasury Yield Rebound Knocks US Stocks Lower; Nasdaq Drops 1%

Major US stock indexes closed lower as long-term Treasury yields resumed their climb, sapping appetite for risk assets. Concerns over the US fiscal deficit, heavier Treasury supply, slowing consumer spending and higher oil prices tied to Middle East

US Federal Debt Tops $40 Trillion, Renewing Debate Over Bitcoin as a Fiat Hedge

U.S. federal debt has surpassed $40 trillion for the first time, renewing debate over whether Bitcoin can serve as a hedge against the erosion of fiat currencies. Cointelegraph reported on August 20 that U.S. federal debt had crossed the $40 trillion

Kraken Parent Payward Weighs Bank License Outside the US

Payward, the parent company of cryptocurrency exchange Kraken, is considering obtaining a full banking license outside the US. Dave Ripley, co-chief executive officer of Payward and Kraken, told the Wyoming Blockchain Symposium 2026 that the company