YM Lee

Trump Says He Didn’t Check Size of $1.4 Billion Crypto Windfall, Denies Wrongdoing

President Donald Trump said there was nothing illegal about reports that he made nearly $1.4 billion from cryptocurrency businesses while in office, adding that he did not separately verify the size of the gains. CNBC reported on July 2 that Trump, s

Ripple Co-Founder’s Investment in Gillibrand Son’s Exchange Sparks Conflict-of-Interest Debate

Ripple co-founder Chris Larsen invested in a derivatives exchange founded by the son of U.S. Senator Kirsten Gillibrand, triggering conflict-of-interest questions. Cointelegraph reported on July 2 that Larsen was an early investor in American Perpetu

Russia Central Bank Chief Says Digital Ruble Ready for September Rollout

Russia's central bank has completed preparations to begin nationwide use of the digital ruble in September. Decrypt reported on July 2 that Bank of Russia Governor Elvira Nabiullina told the central bank's financial conference that all preparations f

US Treasury Sanctions 131 Tron Wallets Tied to ISIS-K, Freezes Assets

The U.S. Treasury Department has added 131 Tron-based cryptocurrency wallets linked to Islamic State Khorasan, or ISIS-K, to its sanctions list. Decrypt reported July 2 that the Treasury’s Office of Foreign Assets Control added 134 cryptocurrency wal

US Spot Ether ETFs Post $81.55 Million of Outflows in a Day

US spot Ether exchange-traded funds recorded net outflows of $81.55 million in a single day, with about 77% of the total coming from BlackRock's fund. Data shared by Trader T on June 26 showed US spot Ether ETFs posted total net outflows of $81.55 mi

US Spot Bitcoin ETFs Post $695.79 Million of Outflows as BlackRock, Fidelity Lead Withdrawals

US spot-Bitcoin exchange-traded funds posted net outflows of $695.79 million in a single day, with BlackRock and Fidelity accounting for more than $500 million of the withdrawals. Data from Trader T showed on June 26 that US spot-Bitcoin ETFs logged

Binance to Suspend EU Services Next Month After Missing MiCA License Deadline

Binance, the global cryptocurrency exchange, will suspend services for European Union users starting next month after failing to secure a license under the bloc’s Markets in Crypto-Assets regulation by the deadline. The exchange told EU customers in

Bitcoin Rebounds, Reclaims $60,000 on Binance

Tether Surpasses Ethereum to Take No. 2 Spot by Market Cap as Stablecoins Gain Clout

Tether's USDT has surpassed Ethereum's ETH to become the second-largest cryptocurrency by market capitalization. The reshuffle comes as Ether has dropped sharply during the latest crypto market correction while demand for stablecoins has increased. C

Shinhan Securities to Launch Tokenized Bond RWA Product Yield5 in July

Shinhan Securities plans to launch a tokenized real-world asset product backed by bonds on its balance sheet. The offering would add bonds held by a regulated financial institution to on-chain assets, extending efforts to connect traditional finance

Ark Invest Buys Coinbase, Circle, Bullish and Robinhood on Share-Price Drop

Ark Invest, led by Cathie Wood, added to its holdings in Coinbase (COIN), Circle (CRCL), Bullish (BLSH) and Robinhood (HOOD) as the stocks fell. The Block reported on June 25 that Ark bought 9,014 Coinbase shares through its exchange-traded funds. Ba

LINE NEXT to Launch Stablecoin Payments Service Unifi Pay in Third Quarter

LINE NEXT will launch Unifi Pay, a stablecoin-based payments service, globally in the third quarter. The company has also started preregistration for developers ahead of the official rollout. LINE NEXT said June 26 that Unifi Pay, a payments infrastr

South Korea to Include Crypto, Unlisted Shares in New Start Fund Asset Reviews

South Korea will include virtual assets, or cryptocurrencies, and unlisted shares in asset reviews for the New Start Fund, a debt restructuring program for small business owners and the self-employed. The change is meant to better reflect borrowers’

Bithumb Sharing Holds More Than 30 Outreach Events Nationwide in First Half, Supporting 5,000 People

Bithumb Sharing, the social contribution brand of cryptocurrency exchange Bithumb, held more than 30 outreach activities across South Korea in the first half of this year, supporting about 5,000 people. Bithumb said on June 26 that Bithumb Sharing ca

Dunamu Joins 2026 KPGA Tour as Naming Sponsor, Backs Upbit Longest Drive Award

Dunamu, the operator of digital-asset exchange Upbit, will participate as a naming sponsor of the 2026 Korea Professional Golfers' Association Tour and sponsor the Upbit Longest Drive Award. Dunamu said June 26 that the award will be given to the pla

CertiK Joins XDC Network as Institutional Validator, Expands RWA Infrastructure Push

CertiK, a global Web3 security company, is joining XDC Network as an institutional-grade validator. The companies plan to deepen cooperation on real-world asset, or RWA, tokenization for institutional clients and on building enterprise financial infr

SpaceX Sells $25 Billion of Bonds After Record IPO, Fueling Market Overheating Concerns

SpaceX is moving ahead with a $25 billion corporate bond sale shortly after raising a massive sum in what was described as the largest initial public offering on record, adding to concerns that global capital markets are overheating. Investors see th

Ethena Ecosystem’s First Listed Company StablecoinX to Debut on Nasdaq June 27

StablecoinX, the first publicly listed company in the Ethena ecosystem, will begin trading on the Nasdaq on June 27 after completing its merger with a special purpose acquisition company. Ethena announced on June 26 in a post on X that StablecoinX ha

Botanix Shutdown Exposes Thin Demand for Bitcoin DeFi

Bitcoin-based decentralized finance, once touted as a major new growth area, is still drawing limited demand, underscoring structural constraints in the sector after Bitcoin layer-2 project Botanix shut down because of a lack of users. Cointelegraph

Aave Founder Denies Kraken Stake-Sale Report, Says No AAVE Will Be Sold at 70% Discount

Aave founder Stani Kulechov denied recent reports of a stake sale, saying claims that AAVE would be sold at a 70% discount are false and that there will be no fire sale. Writing on X on June 26, Kulechov said there is "no scenario" in which AAVE woul

Base Restores Mainnet After Temporary Block-Production Outage

Coinbase’s Ethereum layer-2 network Base temporarily halted mainnet operations after a block-production failure, but service has now been fully restored. The company said it has identified the cause of the issue and plans to publish a post-mortem rep

XRP Nears $1 Breach as Realized Profit-Loss Ratio Hits Lowest Since August 2022

XRP is threatening the psychologically important $1 support level as its on-chain realized profit-loss ratio falls to the lowest level since August 2022, adding to signs that investor capitulation is deepening. CoinDoo reported on June 25 that XRP fe

BitGo to Cut 15% of Staff, Focus on Stablecoins and AI

BitGo, the digital-asset custody company, will cut about 15% of its workforce as part of a reorganization aimed at sharpening its focus on core businesses including stablecoins and artificial intelligence infrastructure. Mike Belshe, BitGo's chief ex

Micron Jumps 15.7% as US Stocks Finish Mixed on Big Tech AI Spending Concerns

US stocks ended mixed on June 25 despite gains in semiconductor shares. Micron Technology Inc.'s strong earnings stoked expectations for further expansion in AI spending, but large technology stocks came under pressure as investors focused on the cos

Kraken Weighs Buying 15% of Aave Group Ahead of IPO in DeFi Push

Kraken, the global cryptocurrency exchange, is in talks to acquire a 15% stake in DeFi lending protocol Aave as it speeds up its expansion in decentralized finance ahead of a planned initial public offering. CoinDesk reported on June 25, citing multi

US Republicans Step Up Push to Pass Clarity Act Before August Recess

US Republican lawmakers are stepping up efforts to advance the Clarity Act, a market-structure bill for digital assets, with the goal of passing it before Congress begins its August recess. On June 26, Eleanor Terrett, host of Crypto in America, wrot

Bitcoin Briefly Slides to $58,000 as ETF Outflows, Options Expiry Jolt Market

Bitcoin briefly fell to $58,000, its lowest level since September last year, as outflows from spot exchange-traded funds and pressure from a large options expiry weighed on the market. Cointelegraph reported on June 25 that Bitcoin dropped about 9% o

Polymarket Says Supply-Chain Hack Stole $3 Million, Starts Full Refunds

Polymarket said a hack at a third-party service provider compromised its website and led to the theft of about $3 million in user assets. The decentralized prediction-market platform has started reimbursing all affected users. Decrypt reported on Jun

Lee Says Trump Shares View on Need for Shipbuilding Cooperation, Discussed Building US Warships

Fed’s 3.8% Dot-Plot Median Was a Statistical Mirage, Not a Rate-Hike Consensus

Markets have increasingly priced in the possibility of a Federal Reserve rate hike this year after the central bank published a median year-end policy-rate forecast of 3.8%. But no member of the Federal Open Market Committee actually projected 3.8%.