YM Lee

US Spot Ether ETFs Post $29.35 Million in Outflows as Selling Pressure Persists

US spot Ether exchange-traded funds recorded net outflows of $29.35 million in a single day. Trader T data released June 18 showed US spot Ether ETFs posted total net outflows of $29.35 million on June 17. The largest withdrawal came from Grayscale E

US Spot-Bitcoin ETFs See $82.2 Million of Net Outflows as Sentiment Cools

US spot-Bitcoin exchange-traded funds recorded net outflows of $82.17 million in one day. Data from Trader T showed on June 18 that US spot-Bitcoin ETFs posted combined net outflows of $82.17 million on June 17. The largest outflow came from ARKB, th

Won Re-Enters 1,540-Per-Dollar Range as Fed Rate-Cut Hopes Recede

The won climbed back into the 1,540-per-dollar range as expectations for Federal Reserve interest-rate cuts later this year weakened, adding to views that the Fed may keep policy tight for longer than expected. In Seoul trading on June 19, the won op

Vance Abruptly Cancels Switzerland Trip, Adding Uncertainty to US-Iran Talks Timeline

Vice President JD Vance abruptly canceled plans to travel to Switzerland as expectations mounted for a breakthrough in US-Iran nuclear talks. The White House said June 18 that Vance had scrapped a trip scheduled for later that night, CNN reported. Th

Israel Continues Airstrikes in Southern Lebanon With Drone, Helicopter Attacks

Israeli forces are continuing airstrikes and surveillance operations in southern Lebanon, local media reported. On June 18, Iran's Mehr News Agency, citing Lebanon-based Al Mayadeen, reported that Israeli forces recently carried out a drone strike on

Ethereum’s $1,700 Support Wavers as Analysts Warn of Further Selling

Ethereum traded weakly near $1,700, prompting warnings that additional selling pressure could build. Cointelegraph reported on June 19 that Binance has seen net inflows of about 57,700 ETH over the past few days. Higher exchange inflows are typically

SK Hynix Surpasses Bitcoin, Micron in Market Value as It Closes In on Samsung

SK Hynix Inc. has surpassed U.S. memory-chip maker Micron Technology Inc. and Bitcoin in market capitalization. The South Korean chipmaker is also climbing rapidly in the global asset rankings as demand for artificial intelligence semiconductors grow

Franklin Templeton Moves to Launch Two Dividend-Driven Bitcoin ETFs

Franklin Templeton is moving to launch two new exchange-traded funds that would use dividends to increase Bitcoin exposure. Unfolded reported on June 19 that the global asset manager recently filed documents with the US Securities and Exchange Commis

Malta Opens DeFi Review, Says Few Projects Are Fully Decentralized

Malta’s Financial Services Authority has started work on a regulatory framework for decentralized finance, including decentralized autonomous organizations, or DAOs. Cointelegraph reported on June 18 that the MFSA published a discussion paper on June

Strategy Preferred STRC Drops Below Par, Halting ATM Issuance for Bitcoin Purchases

Strategy’s preferred stock STRC has fallen well below its $100 par value, forcing a halt to the at-the-market, or ATM, issuance program the company had used to fund Bitcoin purchases. The Block reported on June 18 that STRC fell as low as $82.50 intr

SEC, CFTC Seek Public Input on Derivatives Rules as Kalshi, Polymarket Debate Grows

The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission are moving to revamp the regulatory framework for derivatives, including prediction markets. In a joint statement on June 18, the SEC and CFTC said they are open

Morgan Stanley Files Amended SEC Filings for Spot Ethereum, Solana ETFs

Morgan Stanley has filed amended registration statements with the US Securities and Exchange Commission for spot Ethereum and Solana exchange-traded funds. James Seyffart, a Bloomberg ETF analyst, wrote on X on June 19 that Morgan Stanley had submitt

Bitcoin Slides Back Toward $60,000 as Strategy Funding Fears Mount

Bitcoin has slipped back toward the $60,000 level, fueling fresh market anxiety. Investor sentiment is weakening as concerns over Strategy’s funding structure collide with the prospect of higher interest rates. Bloomberg reported on June 18 that Bitc

Custodia, Vantage Bank Propose Token Model Switching Between Deposits and Stablecoins

Custodia and Vantage Bank have proposed a token model that automatically converts between bank deposits and stablecoins. Cointelegraph reported on June 19 that the two firms outlined the structure in a joint white paper. The token would function as a

Ireland Flags Crypto Money-Laundering Risks, Plans Source-of-Funds Rules by 2027

Ireland plans to tighten regulation of cryptocurrencies to address the risks of money laundering and terrorist financing. Cointelegraph reported on June 18 that Ireland’s Department of Finance published a follow-up implementation plan to its National

Won-Dollar Rate Opens at 1,518 as Markets Eye BOK Rate Path

The won-dollar exchange rate opened lower at the start of Seoul trading on June 12, retreating to the low-1,500 won range despite repeated flare-ups in Middle East geopolitical tensions. Markets are paying closer attention to the possibility of an ad

White House Meets Police, Prosecutor Groups on CLARITY Act as It Seeks Democratic Support

The White House has discussed the CLARITY Act with major US law-enforcement groups as it pushes to pass the digital-asset market structure bill. Eleanor Terrett, host of Crypto in America, wrote on X on June 11 that the White House crypto council hel

Saylor Rebuts Shareholder Dilution Criticism, Says Cash and Bitcoin Raises Strengthen Strategy Assets

Michael Saylor, chairman of Strategy, pushed back against concerns that the company’s stock sales dilute shareholder value, arguing that raising cash and Bitcoin through new share issuance strengthens corporate assets. CoinTurk News reported on June

CFTC’s Selig Says US Will Bring Crypto Perpetual Futures Under Regulation

Mike Selig, a commissioner at the US Commodity Futures Trading Commission, said the agency plans to bring crypto perpetual futures into the US regulatory framework. In a June 11 interview with Fox Business, Selig said the CFTC would work on rules tha

Blockrise CEO Says Goal Is to Build a Bitcoin Bank to Replace Traditional Banks

Bitcoin-based financial services companies are expanding beyond exchanges and custody into banking, with a Bitcoin-focused financial platform that could replace traditional banks emerging as the industry's next growth phase. Blockrise Chief Executive

Parataxis Ethereum Raises ETH Holdings to 9,399, Retains Top Spot Among Asia-Listed Companies

Parataxis Ethereum has increased its Ether holdings to more than 9,000, retaining its position as the Asia-listed company with the largest ETH stash. Hans Economy reported on June 12 that the company recently bought an additional 398 ETH, bringing it

Tiger Research Partners With Chainalysis to Expand Push Into South Korea’s Digital-Asset Market

Tiger Research, a Web3 research firm, has signed a strategic memorandum of understanding with blockchain data analytics company Chainalysis. Tiger Research said June 12 that the two companies will collaborate on joint events and research publications

Chiliz Expands National Team Fan Token Lineup to Six Countries, Launches CHZZK Event

Chiliz, a sports and entertainment blockchain company, has expanded its national team fan token lineup to six countries. The company said on June 12 that it added Belgium’s national team fan token, building a portfolio that now covers six countries:

Bithumb Launches Anti-Phishing Campaign, Warns of Fake Sites and Spoofed Texts

Bithumb is launching a security campaign to help prevent impersonation phishing attacks targeting users. The South Korean cryptocurrency exchange said on June 12 that it had released a user protection guide outlining common phishing methods and how t

Ethereum Futures Open Interest Hits Record 3.7 Million ETH as Rebound Bets Grow

Ethereum is trading near its low for the year, while the futures market is showing a buildup in bullish positions as traders bet on a rebound. Cointelegraph reported on June 12 that Binance's ETH futures open interest reached a record 3.7 million ETH

Korean Police Open Fourth Seized-Crypto Tender, Putting Smaller Custodians at a Disadvantage

South Korea’s National Police Agency has launched its fourth tender to select an operator to store and manage seized virtual assets, or cryptocurrencies. Industry participants say stricter compensation requirements and the bidding structure make it e

BlackRock Nears Launch of Bitcoin Premium Income ETF After SEC Registration Filing

BlackRock is in the final stages of launching a new exchange-traded fund designed to generate income from a spot Bitcoin ETF. Eric Balchunas, a Bloomberg ETF analyst, wrote on X on June 12 that BlackRock had filed SEC Form 8-A for the iShares Bitcoin

Iran Remains Skeptical Despite Trump’s Claim He Canceled Attack Plan

President Donald Trump said he scrapped a planned military action against Iran, but distrust of the US remains deeply entrenched in Iran, according to CNN. CNN reported on June 11 that reporting from Zanjan found skepticism and mistrust inside Iran o

Coinbase Urges Bitcoin, Ethereum to Prepare Now for Quantum-Computing Threat

Coinbase warned that major blockchain networks, including Bitcoin (BTC) and Ethereum (ETH), need to prepare for the threat posed by quantum computing. Decrypt reported on June 12 that Coinbase’s Quantum Computing Advisory Council urged the blockchain

LG Electronics Develops Arbitrum-Based Ad Blockchain, ARB Rises 5%

LG Electronics is developing a blockchain network for digital advertising based on Arbitrum, Ethereum's layer-2 network, Fortune reported. Fortune reported on June 11, citing officials from LG Electronics and Arbitrum, that the company is building it