DAXA Identifies 12 Illegal Crypto Operators, Refers Them to Police

The Digital Asset eXchange Alliance, or DAXA, said June 10 that a joint investigation with South Korea’s registered virtual asset service providers identified 12 illegal crypto operators and referred them to police for investigation. The probe ran fo

Oil Rebounds as Fresh US Strikes on Iran Rekindle Middle East Tensions

Oil rebounded after reports of fresh US airstrikes on Iran renewed tensions in the Middle East. According to Bloomberg on June 9, West Texas Intermediate rose nearly 2% intraday to trade near $90 a barrel. Crude had dropped 3.4% a day earlier, but re

Japan's SBI Shinsei Bank Plans to Pay Part of Deposit Interest in Crypto

SBI Shinsei Bank, part of Japan's SBI Group, plans to introduce a cryptocurrency rewards program for deposit customers. The bank aims to launch the program this fall, offering depositors vouchers worth 20% of their interest income that can be exchang

BitMine Tops 5.54 Million ETH, Nears Goal of Holding 5% of Ethereum Supply

BitMine, an Ethereum treasury strategy company, bought about 127,000 ETH over the past week, lifting its holdings to 5.54 million ETH. Cointelegraph reported on June 8 that BitMine now holds 5,543,872 ETH, equivalent to about 4.59% of Ethereum’s circ

Verse8, NEXPACE Unveil MapleStory IP Creation Hub MSU Space, Launch $60,000 Global Game Jam

Verse8, an artificial intelligence game creation platform, said on June 8 that it had unveiled MSU Space, a dedicated creation hub for MapleStory intellectual property, in partnership with NEXPACE, Nexon’s blockchain subsidiary. The collaboration mar

Ethereum Co-Founder Lubin Says Foundation Overhaul Is Evolution, Not Crisis

Joseph Lubin, a co-founder of Ethereum, said the Ethereum Foundation's recent budget cuts, staff departures and restructuring amount to a necessary evolution rather than a crisis. Lubin told CoinDesk in an interview published June 7 that the foundati

US Spot Ethereum ETFs Post $6 Million Net Outflow, Led by BlackRock’s ETHA

U.S. spot Ethereum exchange-traded funds recorded net outflows. According to Farside Investors, U.S. spot Ethereum ETFs posted a combined net outflow of $6 million in the previous trading session. The funds reverted to net outflows just one day after

Galaxy Research Cuts CLARITY Act Passage Odds by 2026 to 60% on Senate Delay Concerns

Galaxy Research lowered its estimate for the odds that the CLARITY Act, a US crypto market structure bill, will pass by 2026, citing mounting concerns over delays in the Senate. On June 5, Alex Thorn, head of research at Galaxy Research, wrote on X t

Institutional Bitcoin Holdings Drop 17% in First Quarter as Hedge Funds, Brokers Exit

Institutional investors sharply reduced their Bitcoin holdings in the first quarter. CoinShares' analysis of 13F filings with the US Securities and Exchange Commission, released on June 5, showed professional investors held 261,000 BTC at the end of

SEC Drafting Rules for Tokenized Securities Trading, Weighs Perpetual Futures

The US Securities and Exchange Commission is developing a regulatory framework for the listing and trading of tokenized securities. Wu Blockchain reported on June 5 that Jamie Selway, director of the SEC’s Division of Trading and Markets, said the ag

US Says It Downed 4 Iranian Drones Bound for Strait of Hormuz, Hit Radar Sites

The US military said it shot down four Iranian one-way attack drones headed toward the Strait of Hormuz and carried out retaliatory strikes on Iranian coastal surveillance facilities. US Central Command said in a post on X on June 5 that American for

Hyperliquid Treasury Firms Stay Profitable as Bitcoin, Ether Holders Suffer Heavy Paper Losses

Digital asset treasury, or DAT, companies are seeing sharply diverging results in the broader crypto downturn. The Block reported on June 5 that treasury firms centered on Bitcoin, Ether and Solana have posted large unrealized losses, while companies

CFTC Ends ‘No-Deny’ Settlement Policy in Move Welcomed by Crypto Industry

The US Commodity Futures Trading Commission has scrapped a policy that barred settlements with defendants who publicly denied the agency’s allegations. Cointelegraph reported on June 4 that the CFTC will withdraw the so-called No-Deny policy, which w

Bitcoin Rises Above $63,000

Trump Says No Full-Scale War With Iran Unless US Troops Are Killed

President Donald Trump has told aides he will not restart a full-scale war with Iran unless an Iranian attack kills US troops, the Wall Street Journal reported on June 3. Trump recently told advisers he could consider ending the current ceasefire if

Stablecoins Emerge as B2B Payment Tool, With Corporate Clients Making Up 98% of Volume

Stablecoins are moving beyond retail investors and becoming a key payment tool in the business-to-business market, according to a new analysis. Cointelegraph reported on June 3 that Paybis, a cryptocurrency trading and payments infrastructure provide

Hyperliquid’s HYPE Overtakes Solana in Token Price for First Time

Hyperliquid’s native token HYPE has surpassed Solana’s SOL in price for the first time. The Block reported on June 3 that HYPE climbed to an intraday record of $74.67. It was still trading in the $73 range, above Solana in the $72 range. The price cr

TON Jumps 15% After Starting Vote to Rebrand Token as Gram

TON surged after launching a governance vote to rename its token as Gram. Cointelegraph reported on June 2 that TON had begun the vote earlier in the day. After the announcement, the token climbed about 15% to $2.25 from $1.95. Pavel Durov, Telegram’

Kaia, 8Percent Partner on RWA Investment Infrastructure for Korean Loan Claims

Kaia said June 2 that it signed a memorandum of understanding with 8Percent, a South Korean online investment-linked finance company, to build real-world asset investment infrastructure backed by rights to receive principal and interest on loan claim

Charles Schwab Targets 2027 Launch of Spot Crypto Trading, Custody for Advisor Clients

Charles Schwab plans to introduce spot cryptocurrency trading for investment advisor clients. Wu Blockchain reported on June 1 that Schwab is targeting a 2027 rollout of spot crypto trading, asset transfers and custody services for advisor clients. J

Hyperliquid Hits Record High as Sentiment, Social Buzz Reach 2026 Peak

Hyperliquid (HYPE) has climbed to a record high, with investor attention and market optimism also rising to their highest levels this year. On-chain analytics firm Santiment said June 1 that Hyperliquid recently topped $73, setting a fresh all-time h

June 2 Economic, Crypto Calendar: US April JOLTS Report, Sui Token Unlock

<Today’s Key Economic Events> ▶︎ June 2 (Tuesday): △ Atlanta Fed second-quarter GDPNow update (12:30 a.m. Korea Standard Time; 11:30 a.m. US time) △ South Korea May consumer price index (8 a.m. Korea Standard Time; 7 p.m. US time) △ US April Job Open

BitMine Buys 26,497 More Ether, Pushing Holdings to 5.42 Million ETH

BitMine, a corporate Ether holder, has increased its holdings to more than 5.41 million ETH after another purchase. BitMine recently bought 26,497 ETH, The Block reported on June 1. The purchase was worth about $52 million at current prices. The late

US Spot-Bitcoin ETFs See $1.42 Billion Weekly Outflow, Third-Largest on Record

US spot-Bitcoin exchange-traded funds recorded heavy withdrawals last week. Wu Blockchain said on June 1 that US spot-Bitcoin ETFs posted net outflows of $1.42 billion during the May 25-29 period. It was the third-largest weekly net outflow since the

Powell Says Fed Credibility Would Collapse if Presidents Could Fire Officials Over Policy Disputes

Former Federal Reserve Chair Jerome Powell publicly warned against any erosion of central bank independence. Bloomberg reported on June 1 that Powell made the remarks during a speech at the Profile in Courage Award ceremony at the John F. Kennedy Pre

Key Economic and Crypto Events Today: Powell Speech, US Manufacturing Data

Key Economic Events Today ▶ June 1 (Monday): △ South Korea May trade balance (9 a.m. Korea time, 8 p.m. US time) △ Fed Chair Jerome Powell speech (9:30 a.m. Korea time, 8:30 p.m. US time) △ US May Manufacturing PMI (10:45 p.m. Korea time, 9:45 a.m. U

Bitcoin Drops Below $74,000 as US-Iran Conflict Escalates, Hurting Risk Sentiment

Bitcoin extended its losses and fell below the $74,000 mark. As of 12:42 p.m. on May 28 in Korea, Bitcoin was trading at $73,481.73 on Binance's USDT market, down 3% from a day earlier. On Upbit's won market, it traded at 108.309 million won, down 1.

Grayscale Calls Hyperliquid a Breakout Success Story in Digital Assets

Grayscale, the global asset manager, has issued a positive assessment of Hyperliquid, or HYPE. Wu Blockchain reported on May 27 that Grayscale said in a recent report that Hyperliquid is a "breakout success story" in the modern digital-asset industry

[Today’s Key Economic and Crypto Events] US April Core PCE, Preliminary Q1 GDP Due

<Today’s Key Economic Calendar> ▶︎ Thursday, May 28: △ South Korea interest-rate decision (10 a.m. Korea Standard Time) △ US April core PCE price index (9:30 p.m. Korea Standard Time / 8:30 a.m. ET) △ US preliminary first-quarter GDP (9:30 p.m. Korea

Trump Says Gensler, ‘Anti-Crypto Army’ Nearly Destroyed US Crypto Industry

President Donald Trump criticized former US Securities and Exchange Commission Chair Gary Gensler and what he called anti-crypto forces, saying they drove the US digital-asset industry overseas. In a Truth Social post on May 27, Trump said Gensler an