YM Lee

Student Who Spent 1,500 Bitcoin on a Graphics Card in 2011 Now Runs Bitcoin Insurance Firm

A college student who spent 1,500 Bitcoin in 2011 on a graphics card now runs an insurance business that protects Bitcoin holdings, The Block reported on June 11. Chris Seedor, co-founder and chief executive officer of Bitsurance, told attendees at t

US Appeals Court Extends Stay of Ruling Invalidating Trump’s Global 10% Tariff

A temporary stay of a trade court ruling that found President Donald Trump’s global 10% tariff unlawful will remain in place through late July. The US Court of Appeals for the Federal Circuit ruled on June 11 that enforcement of a US Court of Interna

Netanyahu Tells Trump Any Iran Deal Must Require Dismantling Nuclear Sites

Israeli Prime Minister Benjamin Netanyahu conveyed Israel’s position to President Donald Trump on the terms of any nuclear agreement with Iran. CNN reported on June 11 that Netanyahu and Trump spoke by phone about the conditions for a final deal on I

Arcium Tops 1 Million Confidential Computations as Ecosystem Funding Nears $7.5 Million

Arcium, a blockchain-based confidential computing network, said June 10 that cumulative confidential computations on its network had surpassed 1 million. The network is now processing more than 200,000 confidential computations a day. Arcium provides

Weekly Economic, Crypto Calendar: US May CPI, China Inflation, ECB Rate Decision

<Major economic events next week> ▶ June 8 (Monday): △ US May CB Employment Trends Index (11 p.m. Korea Standard Time) ▶ June 9 (Tuesday): △ US May consumer inflation expectations (12 a.m. Korea Standard Time) △ South Korea second-quarter GDP △ US Ap

Bitcoin Drops Toward $60,000 as On-Chain Transfers Near Record, Signaling Massive Shakeout

Bitcoin has plunged toward the $60,000 level, while on-chain data points to asset transfers approaching historic highs, indicating a massive change of hands is underway. AMB Crypto reported on June 7 that crypto analyst Darkfost said Bitcoin transact

Bloomberg’s McGlone Says Tether Could Threaten Bitcoin After Overtaking Ethereum

Mike McGlone, Bloomberg’s senior macro strategist, said Tether’s dollar-pegged stablecoin USDT could eventually threaten Bitcoin’s market capitalization. McGlone told U.Today on June 7 that the recent bull run in digital assets is entering its final

Banks Intensify Pushback Against Yield-Bearing Stablecoins, Citing Threat to Deposit Business

Yield-bearing stablecoins are expanding rapidly, raising tensions between traditional finance and the crypto industry. Katana reported on June 7 that banks have begun treating yield-bearing stablecoins as a key competitor that could undermine their d

CEX Spot Trading Volume Falls to Lowest Since October 2023

Spot trading volume on centralized cryptocurrency exchanges has fallen sharply to its lowest level since October 2023. CryptoSlate reported on June 6, citing a CryptoQuant report, that spot trading volume on centralized exchanges totaled $679 billion

Strategy, BitMine Take Direct Hit as Corporate Crypto Losses Snowball

A recent plunge in the cryptocurrency market is rapidly swelling mark-to-market losses at listed companies with large digital-asset holdings. CryptoPotato reported on June 7 that Bitcoin recently fell to $59,000, its lowest level in about 19 months.

Hunter Biden Calls Bitcoin, Blockchain an ‘Inevitable Future’ in Pro-Crypto Remarks

Hunter Biden, son of former US President Joe Biden, publicly voiced support for Bitcoin and blockchain technology. AMB Crypto reported on June 6 that Biden shared those views in a recent exchange on X after being asked about the fiat currency-based f

Strategy’s First Bitcoin Sale Fuels Concern Over More Selling Pressure

Concern is mounting over Strategy’s Bitcoin accumulation strategy after Michael Saylor’s company carried out its first-ever sale of the cryptocurrency. ZyCrypto reported on June 6 that Zach Pandl, Grayscale’s head of research, said Strategy’s recent

Ethereum Tests $1,550 Support as Analysts Warn of Further Downside

Ethereum has fallen to around $1,550, a key support zone that could determine whether the token extends its decline. NewsBTC reported on June 7 that crypto analyst More Crypto Online sees Ethereum at a critical juncture after it broke below a bear fl

XRP Falls Below Key $1.18 Support, Raising Risk of Drop Under $1

XRP has fallen below $1.18, a key support level, putting the market's focus on whether it can hold above $1. U.Today reported on June 6 that XRP fell as low as $1.05 during the session, its lowest level in months. The token has declined for six strai

DogeOS Founder Says Dogecoin’s 10 Million Users Can Power a Utility Economy

Interview with DogeOS Co-Founder Jordan Jefferson Moving beyond an exchange-driven model toward broader on-chain use Building a utility ecosystem across DeFi, gaming and prediction markets "Dogecoin is a global asset with more than 10 million users,

Movement Secures US, Canada, EU Payment Rails as It Targets Emerging Markets

Stablecoin infrastructure company Movement is accelerating its push into emerging markets after securing access to licensed payment rails in the US, Canada and the European Union. Movement said June 4 that it had obtained access to licensed payment n

Nasdaq-Listed RoboStrategy Launches Fund to Invest in Private Robotics, Physical AI Firms

RoboStrategy, a US fund listed on Nasdaq, has launched to invest in private robotics and physical AI companies. The fund recently disclosed its investment portfolio and operating structure, marking the start of a broader investment push. RoboStrategy

Grayscale Files Fifth Amended Registration for Hyperliquid Staking ETF

Grayscale is continuing its push to launch an exchange-traded fund based on Hyperliquid. Bloomberg Intelligence ETF analyst James Seyffart said on May 30 that Grayscale had filed Amendment No. 5 for the Hyperliquid Staking ETF. The amended filing kee

Coinbase’s Base Unveils ‘Base MCP’ On-Chain Finance Infrastructure for AI Agents

Base, the Ethereum layer-2 network developed by Coinbase, has unveiled Base MCP, a new tool that lets artificial intelligence models interact with blockchain accounts. Catenaa reported on May 30 that Base MCP links AI models such as ChatGPT and Claud

Swan Bitcoin CEO Says Retail Investors Still Drive Bitcoin Prices in ETF Era

Spot Bitcoin exchange-traded funds have become a mainstay investment vehicle, but retail investors still wield major influence over Bitcoin prices, Cointelegraph reported on May 29, citing Swan Bitcoin Chief Executive Officer Cory Klippsten. In a rec

US Spot Ether ETFs See $17.89 Million in Net Outflows as Institutional Flows Turn Mixed

US spot Ether exchange-traded funds recorded net outflows of about $17.9 million in a single day. ETF data analyst Trader T said on May 29 that US spot Ether ETFs posted total daily net outflows of $17.89 million. The withdrawals were driven largely

US Spot-Bitcoin ETFs Post $125.29 Million in Net Outflows as Sentiment Sours

U.S. spot-Bitcoin exchange-traded funds saw more than $125 million leave the funds in a single day. The 12 U.S. spot-Bitcoin ETFs posted combined net outflows of $125.29 million on May 29, according to ETF data analyst Trader T. BlackRock's iShares B

Sui Restores Mainnet After Outage, Says Network Operations Have Resumed

Layer-1 blockchain Sui said it has restored its mainnet following an outage and resumed normal operations. In a post on X on May 29, the Sui network said the mainnet was back online and transactions were being processed normally. The outage occurred

Ethereum ETF Outflows Accelerate as Nansen Says Rally Catalysts Have Faded

Ethereum is at risk of falling below $2,000 as spot exchange-traded fund outflows and slowing network activity strip away support for the token, according to Nansen. AMB Crypto reported on May 29 that the on-chain analytics firm said in a recent repo

Bitcoin Tests $70,000 Support as More Than $500 Million in Buy Orders Cluster Below

Bitcoin is approaching the key $70,000 support level, with investors lining up more than $500 million in buy orders at lower levels as they watch for a rebound. Cointelegraph reported on May 29 that 6,235 BTC in spot buy orders were sitting between $

FBI Seizes 127,000 Bitcoin Worth $8 Billion in Global Fraud Bust

The Federal Bureau of Investigation said it seized about $8 billion of Bitcoin and arrested hundreds of suspects in a crackdown on an international fraud network. Fox News reported on May 28 that the FBI uncovered a criminal organization behind crypt

Custodia Bank to Take Fed Master Account Dispute to US Supreme Court

Custodia Bank, a bank focused on digital assets, is moving to take its dispute with the Federal Reserve over a master account to the US Supreme Court. Eleanor Terrett, host of CryptoAmerica, wrote on X on May 29 that US Supreme Court Justice Neil Gor

Bitcoin Supply in Loss Territory Nears 42% as Leveraged Longs Raise Liquidation Risk

Investor sentiment in the Bitcoin market is deteriorating, while excessive leverage in derivatives is increasing the risk of further declines, according to AMBCrypto on May 29. About 42% of Bitcoin's circulating supply has fallen into loss territory,

Buffett’s ‘Gravity’ Rule Falters as Kospi Jumps 94%, Best Gain Among Major Markets

South Korean stocks up 94% this year, versus Taiwan’s 50% AI-led rally shrugs off higher rates In the age of ‘megaforces,’ stocks keep climbing despite rising yields AI is driving a sweeping structural shift Rising rates reflect growth, not just tigh

Hashed Backs Beauty Accelerator Concept B to Support K-Beauty Expansion in US, Middle East

Global blockchain and technology venture capital firm Hashed has invested in Concept B, a global beauty brand accelerator, to support K-beauty brands expanding into the US and Middle East. Hashed said May 29 that it made the investment jointly with N