How this week’s rout in Korean stocks might have triggered crypto’s surge higher
Korea’s tech-heavy Kospi has plunged 20% in the last two trading sessions, potentially pushing that country’s fast-money chasing traders back into crypto.
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Korea’s tech-heavy Kospi has plunged 20% in the last two trading sessions, potentially pushing that country’s fast-money chasing traders back into crypto.
The Bridgewater founder dismissed bitcoin’s safe-haven credentials on the same day gold dropped 3% while bitcoin fell less than 1%.
Bitfinex analyst argue that ETF inflows can be misread as immediate spot demand.
The largest cryptocurrency briefly reclaimed the top of its range on Tuesday before sellers pushed it back to $67,000, while South Korean stocks posted their worst two-day drop since 2008.
The company added managed custody, virtual account collections, and fiat-to-stablecoin settlement capabilities, positioning itself as a single provider for enterprise digital asset payments across 60 markets.
Nuclear weapon-themed markets aren’t new on the prediction market platform, but public outcry about the contracts has apparently forced the platform to delete them.
Market maker Enflux says traders are not pricing catastrophe or resolution to the conflict in the Middle East, while Glassnode data shows improving spot demand but cautious derivatives positioning.
U.S. President Donald Trump said in a post on Truth Social that the banking industry is trying to undermine the stablecoin bill he signed into law last year.
In its latest report, the global standard setter FATF said stablecoins now account for the bulk of illicit crypto activity and pose growing risks through peer-to-peer transfers.
The stock has risen about 20% since the U.S. strikes on Iran over the weekend.