Lee Eok-won, the nominee for chairman of South Korea’s Financial Services Commission (FSC), has made harshly critical remarks about cryptocurrency. According to a Monday report by local news outlet News1, Lee said that “crypto has extreme price volatility, lacks monetary function” and has “no intrinsic value.” He also wrote in answers questions submitted by lawmakers…
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Lee Eok-won, the nominee for chairman of South Korea’s Financial Services Commission (FSC), has made harshly critical remarks about cryptocurrency. According to a Monday report by local news outlet News1, Lee said that “crypto has extreme price volatility, lacks monetary function” and has “no intrinsic value.” He also wrote in answers questions submitted by lawmakers…
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Key takeaways: Buffett’s growing cash appetite has historically preceded stock market crashes. A potential Nasdaq downturn will likely pull down Bitcoin, too. Warren Buffett’s Berkshire Hathaway raised its cash holdings to roughly $350 billion by mid-2025, combining Treasury bills and cash. That is an all-time high for the company and the largest among US public…
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Japan’s top Bitcoin treasury firm, Metaplanet, just acquired 1,009 BTC, reaching 20,000 BTC of holdings just as the firm issues millions of new shares. According to a Monday Metaplanet announcement, the firm acquired 1,009 BTC and reached 20,000 BTC for 16.479 billion yen (nearly $112 million). On the same day, the firm announced the issuance…
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A Bitcoin whale has been accumulating billions of dollars’ worth of Ether, surpassing the second-largest corporate treasury firm, signaling a growing rotation among large investors seeking cryptocurrencies with more upside potential. A Bitcoin whale worth over $11 billion sold another $215 million worth of Bitcoin (BTC) to buy $216 million worth of spot Ether (ETH)…
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Bitcoin (BTC) starts the weakest month of the year with new local lows and predictions of more BTC price downside. Bitcoin drops to $107,270 after the weekly open before rebounding as volatility ramps up. The US Labor Day holiday keeps traders guessing over how markets will react to fresh US tariff chaos. Gold is back…
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Cryptocurrency investment products attracted renewed inflows last week, offsetting the prior week’s $1.4 billion outflows. Crypto exchange-traded products (ETPs) logged $2.48 billion in inflows last week, data from CoinShares showed Monday. Despite inflows, Bitcoin (BTC) struggled in terms of market price, slipping under $108,000 after briefly trading above $113,000 earlier in the week, according to…
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Key takeaways: Bitcoin’s MVRV death cross signals bearish momentum, historically preceding big price corrections. However, the MVRV Z-Score remains well below historical peak levels. Bitcoin (BTC) could be set for an extended correction in the coming weeks as an overvaluation metric sends a bearish signal. The cryptocurrency market might be experiencing a “macro reversal,” according…
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The price of gold hit an all-time high after US President Donald Trump commented on inflation on his social media platform, but Bitcoin was moving in the opposite direction on Monday, in what could be seen as an example of Bitcoin’s “split personality.” Over the past two and a half years, there has been a…
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The Trump administration is reportedly looking at a postwar plan for Gaza that proposes using tokenized land and digital tokens to relocate and rehouse residents under a potential US takeover. The Washington Post reported on Sunday that a 38-page prospectus for a post-war Gaza, called the Gaza Reconstitution, Economic Acceleration and Transformation Trust (GREAT Trust),…
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