YM Lee

US FedWatch "Over 50% Chance of Rate Cut in March FOMC Next Year"

There is a 55.3% chance that the Federal Open Market Committee (FOMC) will cut the benchmark interest rate in March next year. According to data from the Chicago Mercantile Exchange (CME) FedWatch platform, 48.4% of market participants expect the FOM

US November Core PCE Rises 2.8% YoY, Below Expectations; Bitcoin Recovers to 95K

The United States' November Core Personal Consumption Expenditures (PCE) price index fell short of market expectations. On the 20th (local time), according to data released by the U.S. Department of Commerce's Bureau of Economic Analysis (BEA), the C

US Shutdown Risk Increases... Trump Says 'If We're Going to Do It, Let's Do It Now'

Due to the differences in stance between President-elect Donald Trump and Congress regarding the budget and debt ceiling, the federal government is facing a shutdown risk, darkening the investment sentiment in the securities and cryptocurrency market

Ethereum L2 Stablecoin Supply Reaches $13.5 Billion, All-Time High

The supply of stablecoins locked in the Ethereum (ETH) Layer 2 (L2) network has approached $13.5 billion. On the 20th (local time), cryptocurrency media Cointelegraph reported, citing data from Tai Terminal, "The current supply of stablecoins such as

"Bitcoin Breaks Short-Term Trend Bottom... Market Overheating Eases"

Bitcoin (BTC) has broken below its short-term trend bottom, leading to a correction, according to some opinions. On the 20th, Dan, an analyst at the on-chain analysis platform CryptoQuant, explained, "Bitcoin has broken below its short-term trend bot

[Analysis] "Bitcoin Sentiment Weakens as U.S. Eases Monetary Policy Prospects Decline"

Opinions have emerged that the sentiment in the cryptocurrency market, including Bitcoin (BTC), has weakened as Jerome Powell, the chairman of the U.S. Federal Reserve, expressed a cautious stance on easing monetary policy. On the 20th (local time),

"Bitcoin Long-term Holders Sell 1 Million BTC Since September"

An analysis has emerged suggesting that long-term investors who held Bitcoin (BTC) for over 155 days have realized profits, leading to a market correction. On the 20th (local time), cryptocurrency specialist media CoinDesk cited data from the on-chai

Bitcoin Falls Below $93,000… Powell's Hawkish Remarks Increase Risk

Cooper Withdraws FCA Registration Application, Adopts Global Hub Strategy

Global cryptocurrency custody firm Cooper has announced the withdrawal of its registration application with the UK's Financial Conduct Authority (FCA). According to a report by The Block on the 20th (local time), Cooper stated, "Under the leadership

Powell-induced Decline Deepens... Bitcoin Surrenders $94,000 Level

Cryptocurrency Market Volatility Surges…Liquidation Reaches $1.2 Billion in 24 Hours

Following the hawkish remarks by Jerome Powell, the Federal Reserve Chair, last Thursday, the volatility in the cryptocurrency market has sharply increased, leading to a surge in liquidation positions in the perpetual futures market. According to Coi

Crypto.com Integrates Skyrexio to Offer Automated Trading Tools

Global cryptocurrency exchange Crypto.com announced the integration of automated trading tool Skyrexio. On the 20th (local time), Crypto.com stated through its official channel, "We are now offering a fully automated copy trading tool service through

Binance Alpha Announces 9 New Project Tokens Including Banana

Global cryptocurrency exchange Binance has announced the addition of 9 new projects to its Binance Alpha selection. On the 20th (local time), Binance revealed its third Alpha projects, selecting Banana (BANANA), Koge (KOGE), Bob (BOB), Magic Power (M

Bitcoin, Returns to $95,000 Level After Powell Shock

Bankrupt Exchange Cryptopia Begins Distributing $225 Million to Hack Victims

The bankrupt cryptocurrency exchange Cryptopia has begun distributing assets worth $225 million to victims of the hack that occurred in 2019. According to a report by Cointelegraph on the 20th (local time), Grant Thornton, the liquidation company for

Mo Shaikh Resigns as CEO of Aptos Labs

Mo Shaikh, co-founder and CEO of Aptos Labs, has announced his resignation. According to a report by The Block on the 20th (local time), Mo Shaikh stated on his X (Twitter) that he is resigning as CEO of Aptos Labs to "start a new chapter." Avery Chi

Japan's Coin Tax May Be Reduced to '20%'... Next Year's Virtual Asset Tax Review Confirmed

The outline of Japan's 2025 tax reform has been finalized at the tax policy meetings of the Liberal Democratic Party and Komeito. As the review of the virtual asset income tax is specified in this outline, the expectations of Japanese virtual asset i

Japanese MetaPlanet Purchases $61 Million Worth of Bitcoin with Bond Issuance Funds

Japanese investment firm MetaPlanet announced that it will use the $60.6 million secured through two bond issuances this week to purchase Bitcoin. According to The Block on the 20th (local time), Simon Gerovich, CEO of MetaPlanet, stated on his X (Tw

Binance Delists OMG/USDT Perpetual Futures

Global cryptocurrency exchange Binance announced on the 20th that it will delist the OMG/USDT perpetual futures contract. The delisted OMG/USDT perpetual futures contract will cease service on January 31 at 9:00 AM (UTC).

SynFutures (F) Unveils 2025 Roadmap: Building a Full-Stack On-Chain Financial Infrastructure

The decentralized finance (DeFi) perpetual futures protocol SynFutures (F) has unveiled its roadmap for 2025. On the 20th (local time), SynFutures announced through its official channels, "We have been striving for ecosystem development, such as beco

Cathie Wood: "Bitcoin is More Scarce than Gold... Will Reach $1 Million in 5 Years"

Cathie Wood, the founder of the global financial investment firm Ark Invest, once again emphasized the explosive potential of Bitcoin (BTC) in the near future. According to Bloomberg on the 20th (local time), Cathie Wood stated, "Bitcoin is becoming

El Salvador Buys 11BTC a Day After IMF Loan Agreement

Despite El Salvador signing a bailout loan agreement with the International Monetary Fund (IMF) under the condition of reducing Bitcoin-related policies, it has been revealed that they purchased an additional 11BTC just a day later. According to a re

[Analysis] "US Fed's Hawkish Stance... Bitcoin May Face Further Adjustment"

Despite the US Federal Reserve announcing a rate cut, Powell stated that he would be cautious about further rate cuts next year, leading to analysis that additional adjustments in risk asset markets such as stocks and cryptocurrencies may occur. Acco

Bavarian Data Protection Authority Orders World to Delete Illegally Collected Data

The Bavarian Data Protection Authority (BayLDA), a data protection agency in Germany, has announced corrective measures against the digital identity project World (WLD). According to a report by Cointelegraph on the 19th (local time), the Bavarian Da

Bitget Collaborates with TRON to Purchase $10 Million Worth of TRX

Global cryptocurrency exchange Bitget and Layer 1 blockchain TRON (TRX) have announced a strategic collaboration. On the 19th (local time), the two companies revealed plans to solidify TRON's dominance in the on-chain global payment market and expand

10% of Ethereum Validators Support Gas Limit Increase

The percentage of validators expressing support for increasing the gas limit on the Ethereum (ETH) network has risen to 10%. According to a report by Cointelegraph on the 19th (local time), the proportion of validators supporting a proposal to increa

US Q3 GDP Rises 3.1%... Unemployment Claims Decline

According to the data released by the Bureau of Economic Analysis on the 19th (local time), the United States' Q3 GDP rose by 3.1% compared to the previous quarter, surpassing Wall Street experts' forecast of 2.8%. The number of new unemployment clai

Hut 8 Buys 990 BTC for $100 Million, Holding 10,096 BTC

Bitcoin (BTC) mining company Hut 8 announced that it has purchased 990 BTC for $100 million. According to a report by Cointelegraph on the 19th (local time), Hut 8 bought 990 BTC at an average purchase price of $101,710, bringing its total Bitcoin ho

"CBOE Volatility Index Soars 74%... Bitcoin and S&P500 Short-term Bottom Signal"

Following the Federal Reserve Bank's rate cut and Powell's hawkish remarks last night, the New York Stock Exchange Volatility Index (CBOE VIX) showed its largest surge since February 2018, leading to analyses suggesting that both Bitcoin (BTC) and th

Ark Invest Sells $3.9 Million Worth of Coinbase Shares

Ark Invest, led by Cathie Wood, has sold 13,780 shares of Coinbase, valued at approximately $3.9 million. According to The Block's report on the 19th (local time), Ark Invest sold the Coinbase shares to adjust the weighting of its ARKF ETF product un