Author: John Smith
South Korean investors cut their crypto holdings by more than half over the past year as capital moved toward the stock market. Summary South Korean crypto holdings dropped from $83.3 billion to $41.4 billion within a year. Trading volume on five major exchanges fell sharply as investors moved toward equities. New AML checks and a 2027 crypto tax may add pressure on local exchanges. Bank of Korea data submitted to Rep. Cha Gyu-geun showed holdings fell from 121.8 trillion won, or $83.3 billion, at the end of January 2025 to 60.6 trillion won, or $41.4 billion, by the end of…
Bitcoin (BTC) traded near $80,874 on May 10, with an intraday high of $81,026 and a low of $80,237. The move kept BTC close to the $81,000 area after a steady weekly recovery. Summary Van de Poppe says Bitcoin can grind higher while price holds above the 21-MA. The $79K and $76K levels remain key supports for Bitcoin’s short-term structure. CryptoQuant data shows Bitcoin’s aSOPR stayed above 1 for nine straight days. Michaël van de Poppe said Bitcoin’s setup remains simple. In his view, BTC can keep moving higher as long as price stays above the 21-period moving average. Van…
The XRP Ledger ecosystem is preparing two major upgrades aimed at expanding XRPL beyond payments and settlement. Summary XRPL plans native lending pools and fixed-term crypto loans directly on-chain for institutional users. Smart Escrows aim to bring programmable transaction logic without slowing XRPL transaction speeds or efficiency. XRPL Foundation says compliance layers and permissioned tools are already active across ecosystem infrastructure. XRPL Foundation Community Director Hussain Zangana, known online as Vet, shared details about the planned additions through recent posts on X. According to Zangana, the roadmap includes a native decentralized lending protocol and a programmable escrow system designed to…
Cardano’s Web3 wallet Lace has received fresh updates as the network prepares for the Van Rossem hard fork. Summary Lace 2.0.3 fixed migration, DApp connection, loading, and legacy wallet issues. Lace 2.0.4 added view mode options, auto-lock settings, and language fixes. Cardano’s Van Rossem hard fork targets Protocol Version 11 in late June. The wallet’s recent 2.0 releases focus on smoother migration, better DApp access, and easier wallet use. Lace 2.0 brings Cardano, Midnight, and Bitcoin into one wallet interface. The update aims to reduce the need for users to move between separate wallets when managing assets across ecosystems. Lace…
Global markets are entering a major week filled with inflation reports, geopolitical developments, and central macroeconomic data. Summary Iran responded to a US proposal while rejecting claims of surrender during ongoing diplomatic discussions. Markets now focus on CPI, PPI, retail sales, and industrial production data this week. Bitcoin traders are watching macro volatility as BTC remains near major psychological levels recently. Traders are closely watching new comments from Iran alongside upcoming U.S. economic releases. The Kobeissi Letter reported that Iran sent a response to a U.S. proposal through Pakistani mediators. Shortly afterward, Iranian President Masoud Pezeshkian stated that negotiations would…
Strategy CEO Phong Le said the company’s success rests on more than the Bitcoin held on its balance sheet. Summary Strategy said Q1 revenue rose 11.9% year over year to $124.3 million. Phong Le said cloud revenue grew 59% during the company’s strongest software quarter in years. Strategy’s Bitcoin model faces scrutiny as debt and losses mount. In a post on X, he argued that Strategy’s enterprise software business remains a core part of the company’s long-term model. Le said the software unit gives Strategy engineers, cloud teams, enterprise customers, compliance systems, and global operations that most digital asset firms…
Ripple’s native token (XRP) traded near $1.42 on May 10, with a market cap of about $87.9 billion and over $1 billion in daily volume. Summary EGRAG Crypto says XRP’s next major low could form near $0.93 under the 200 SMA. Ali Charts says XRP flashed a TD Sequential buy signal after a short correction. XRP trades near $1.42, with traders watching $1.45 resistance and $1.80 next. Crypto.news data showed XRP ranked fourth by market value, with about 61.8 billion tokens in circulation. The token has gained modestly over the past week, but traders remain divided on its next major…
Michael Saylor has moved to clarify Strategy’s position after recent comments raised questions about whether the company could sell part of its Bitcoin holdings. Summary Saylor says Strategy may sell Bitcoin but remain a net buyer over time. Strategy holds 818,334 BTC after reporting a $12.54 billion Q1 loss. Dividend costs and Peter Schiff’s Ponzi claims keep pressure on Strategy’s model. The Strategy co-founder said his well-known “never sell your Bitcoin” line was less precise than the company’s actual policy. He said the clearer position is that Strategy should never become a net seller of Bitcoin. Strategy may sell BTC…
Trump Media & Technology Group reported a $405.9 million net loss for the first quarter of 2026, as its Bitcoin and Cronos holdings lost value on paper. Summary Trump Media’s Q1 loss widened as Bitcoin and Cronos holdings fell below purchase prices. The company still reported positive operating cash flow despite large non-cash crypto markdowns. Crypto.news earlier covered Trump Media’s deeper Crypto.com and Cronos treasury strategy. The company said most of the loss came from non-cash charges, including $368.7 million tied to unrealized losses on digital assets, pledged digital assets, and equity securities. It also reported $11.5 million in accreted…
Meta launched Muse Spark on April 8, its first fully closed AI model, abandoning its open-source Llama strategy Summary Meta launched Muse Spark on April 8, the first product from its Meta Superintelligence Labs unit, built from scratch by Alexandr Wang’s team after a $14.3bn Scale AI deal. The model is fully proprietary with no open weights, a direct reversal of the Llama strategy that reached 1.2 billion downloads by early 2026. Meta stock rose 9% on launch day, and the model will roll out across WhatsApp, Instagram, Facebook, and Messenger in the coming weeks. Meta launched Muse Spark on…