YM Lee

New York Sues Polymarket, Seeks to Halt Alleged Unlicensed Gambling Operations

New York state has sued prediction-market platform Polymarket, alleging it offered gambling services without state approval and asking a court to halt its operations in the state. According to the New York Attorney General’s Office on September 24, A

Ark Invest Tokenizes $1.3 Billion Venture Fund on Ethereum

Ark Invest is putting its $1.3 billion venture fund on the Ethereum network, marking the first time the firm has tokenized one of its funds on a blockchain. Crypto news outlet The Block reported on September 24 that Ark Invest plans to bring its ARK

US 10-Year Treasury Yield Tops 5.2% as Higher-for-Longer Fears Leave New York Stocks Mixed

New York stocks ended mixed on September 24 as long-term US Treasury yields extended their climb above 5%. Investor sentiment came under pressure as resilient US economic data and rising oil prices fueled concern that interest rates could stay high l

Xi Tells Trump China, US Reached New Trade Agreement, Presses US on Taiwan

The United States and China reached a new trade agreement during a summit between their leaders. Chinese President Xi Jinping also called for broader economic cooperation and urged the US to maintain its opposition to Taiwan independence. Xinhua News

Bitget Says $351.6 Million Was Drained, Temporarily Suspends Withdrawals

Global cryptocurrency exchange Bitget said $351.6 million was drained in a security incident that affected some hot wallets and warm wallets. The exchange has temporarily suspended withdrawals. Bitget said in an official post on X on Sept. 24 that it

DoubleZero Launches Dedicated Fiber-Optic Market Data Feed for Hyperliquid

DoubleZero, a fiber-optic network company focused on blockchain infrastructure, has launched a dedicated market data feed for decentralized derivatives exchange Hyperliquid. Cointelegraph reported on Sept. 24 that DoubleZero has rolled out a service

More Than $170 Million in Unusual Transfers Detected at Bitget, Prompting Hack Suspicions

More than $170 million in cryptocurrency has been moved in unusual transfers at global digital-asset exchange Bitget, raising the possibility of a wallet security incident. Multiple hot wallets and cold wallets may have been compromised, though it re

Hana Financial, ADGM and Hanwha Asset to Pursue Stablecoin Payments Network Linking Korea and Abu Dhabi

Hana Financial Group is joining with Abu Dhabi Global Market, or ADGM, and Hanwha Asset Management to pursue a stablecoin-based payments and remittance infrastructure linking South Korea and the Middle East. Hana Financial said on September 18 that t

Hanwha Financial Partners With Abu Dhabi on Digital Finance, Stablecoin Payments

Hanwha Financial Group affiliates are partnering with financial institutions in Abu Dhabi, United Arab Emirates, to pursue stablecoin-based cross-border payments and build digital finance infrastructure. Hanwha Financial said on Sept. 18 that Hanwha

U.S. Spot Ethereum ETFs Log Third Straight Day of Net Outflows With $39.3 Million Exiting

U.S. spot Ethereum exchange-traded funds posted net outflows for a third straight trading day. Farside Investors data showed U.S. spot Ethereum ETFs recorded total net outflows of $39.3 million on September 17. That followed net outflows of $142 mill

US Spot Bitcoin ETFs Draw $159.5 Million in Net Inflows, Led by IBIT

US spot Bitcoin exchange-traded funds returned to net inflows, ending a two-session streak of withdrawals. According to Farside Investors, US spot Bitcoin ETFs recorded combined net inflows of $159.5 million on Sept. 17. The turnaround came after net

AVA Doubles After Bithumb Listing as KRW Trading Volume Tops Binance

Travala’s native token AVA more than doubled after its listing on Bithumb’s Korean won market. Buying that began in the spot market spilled into futures, triggering a wave of short liquidations. CoinGecko data on September 18 showed AVA surged about

Lee Says Single-Stock Leveraged ETFs Were Introduced With Inadequate Policy Design

President Lee Jae-myung acknowledged shortcomings in the policy design behind the introduction of single-stock leveraged exchange-traded funds, saying investor protections were insufficient at the time of their launch. At a press conference at the Bl

BOJ Raises Benchmark Rate to 1.25%, Highest in 31 Years

Lee Says Property Market Must Be Stabilized, Vows Focus on Livelihoods

President Lee Jae-myung said stabilizing the property market and improving living standards felt by the public would be core tasks for his administration going forward. He also acknowledged that improving economic indicators had yet to translate into

Fed Rate Hike Hits Card Debt First, Raising Pressure on Variable-Rate Borrowers

Households carrying variable-rate debt such as credit cards and home equity lines of credit, or HELOCs, stand to feel the impact of the Federal Reserve’s interest-rate increase first. The Wall Street Journal reported on September 16 that the Fed’s 0.

WSJ: ECB's Lagarde Personally Intervened to Block Binance's EU Expansion

Christine Lagarde, president of the European Central Bank, personally intervened with the Greek government to block global cryptocurrency exchange Binance from entering the European Union market, The Wall Street Journal reported. Citing people famili

AI Agents Could Spur Trading Boom, Creating a Shortage of Blockchain Block Space

The broad adoption of artificial intelligence agents in financial markets could trigger a surge in trading volume and stretch blockchain processing capacity to its limits, crypto news outlet The Block reported on September 17. Bart Smith, chief execu

Kospi Rebounds More Than 2% From Fed Rate Shock, Led by Chip Stocks

The Kospi rose more than 2% in early trading on September 18 as investors digested the shock of a U.S. interest-rate increase. Strength in New York technology shares overnight and a pullback in oil prices helped revive risk appetite. As of 9:01 a.m.,

Asian Currencies Diverge on Chip Boom as Won Rises 4% and Peso Falls 2%

The boom in artificial intelligence and semiconductors is driving a split in Asian currencies. The South Korean won and Taiwan dollar have strengthened as chip exports and foreign investment inflows increase, while India’s rupee and the Philippine pe

Tiger Research Says Maroo Embeds Financial Regulation Into Blockchain, Tailored to South Korea

A new blockchain network designed to embed South Korean financial regulations directly into its protocol has been unveiled. The network, called Maroo, is led by Hashed Open Finance, an affiliate of Hashed. Its core feature is that when regulations ch

Financial Stocks Gain on Won Strength; Korea Investment Urges Focus on Third-Quarter Earnings

A stronger won may lower third-quarter earnings expectations for South Korean companies, but financial stocks stand out as more likely to post relatively stable results, according to Korea Investment & Securities. In a report on Sept. 18, Korea Inves

NH Investment Says Treasuries Losing Safe-Haven Role Makes Stocks More Attractive

U.S. Treasuries are no longer serving effectively as safe-haven assets that protect portfolios from risk, making stocks more attractive investments than bonds, according to NH Investment & Securities. In a Sept. 18 report, NH Investment & Securities

South Korean Firms Made $620 Million in Overseas Stablecoin Payments as Domestic Rules Stall

South Korean companies have used more than $620 million in stablecoins to pay for goods and services overseas, suggesting firms are building payment infrastructure and operational experience abroad first as domestic regulation remains stalled. Tiger

Nvidia’s Jensen Huang Says Chip Unit Sales to Double Next Year on AI Demand

Nvidia Chief Executive Officer Jensen Huang said semiconductor unit sales next year will double from this year as investment in artificial intelligence expands. Huang made the remarks to reporters ahead of the AI Summit in Scotland hosted by King Cha

U.S. Stocks Rebound a Day After Rate-Hike Shock as Tech Rally Lifts Nasdaq 1.69%

Major U.S. stock indexes rebounded across the board, recovering a day after a rate-hike shock. Buying in technology shares led the gains. On September 17, the Dow Jones Industrial Average rose 316.14 points, or 0.61%, to close at 51,778.04 on the New

Fed Dot Plot Signals Possibility of Another Rate Hike Next Year

The Federal Reserve signaled it remains open to another interest-rate increase next year even as it expects inflation to cool. The dot plot released by the Fed on Sept. 16 showed the median forecast for the benchmark rate at the end of this year and

S&P Global to Acquire OpenZeppelin in Push to Expand On-Chain Security

S&P Global, the financial information and credit-ratings company, has agreed to acquire smart-contract security firm OpenZeppelin, expanding its risk-assessment capabilities from traditional finance into on-chain markets. The Block, a digital-asset n

World Launches ‘World Money’ Financial Super App in More Than 150 Countries, Integrating Stablecoins and Stripe

World, the digital identity verification project, has launched a financial super app that combines stablecoin payments, global remittances and yield features. The Block reported on September 17 that World launched its self-custodial financial applica

Abuse of Open-Weight AI Spreads as On-Chain Malware Attacks Jump 440%

Cyberattacks that use open-weight artificial intelligence models to embed malicious instructions on blockchains are surging. Bloomberg reported on September 17 that blockchain analytics firm Chainalysis said in a recent report that on-chain cyberatta