Crypto News
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Crypto
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South Korea’s Bitcoin ‘Kimchi Premium’ Returns
Bitcoin Magazine says South Korea’s closely watched retail bitcoin market is active again, putting the country’s “Kimchi Premium” back in focus. The supplied report provides no figures or details on the move’s scale.
BlackRock Reassesses Bitcoin’s Portfolio Role as Risk-Adjusted Returns Hold Up
BlackRock’s latest assessment of Bitcoin supports its portfolio case, finding that modest historical allocations improved risk-adjusted returns in traditional portfolios, according to Bitcoin Magazine.
Lazarus-linked wallets move $30M through Hyperliquid
Wallets linked to the OFAC-sanctioned Lazarus Group moved $30 million in digital assets through Hyperliquid, Cointelegraph reported, weeks after regulators discussed a path for the exchange to enter US markets.
Strategy Challenges MSCI Plan to Exclude Bitcoin Treasury Firms
Strategy has challenged MSCI’s proposal to remove it from the Global Investable Market Indexes. Michael Saylor and Phong Le called the plan flawed and accused MSCI of discriminating against digital asset businesses.
Strive Becomes Fifth-Largest Bitcoin Treasury After $143 Million Purchase
Strive bought $143 million worth of Bitcoin last week, raising its holdings to 23,156 BTC and making it the fifth-largest corporate Bitcoin treasury. The company’s stock rose after the latest purchase, Bitcoin Magazine reported.
Sberbank Projects $46.4B in Crypto Trading During First Year of Buildout
Russia’s Sberbank estimates $46.4 billion in crypto trading volume during the first year of the country’s market buildout. Bitcoin is expected to be popular as Russia accelerates crypto regulation.
SEC’s $75 Million Crypto Proposal Differs From Congress Framework
CryptoSlate reported that the SEC’s proposed $75 million crypto pathway differs from Congress’s unfinished ancillary-asset framework in eligibility, enforceable investor rights and how overlapping rules would apply.
SEC Reviews Automatic ETF Filing Routes as Crypto and Event Products Expand
The SEC is reviewing automatic filing pathways after a wave of proposals for crypto, leveraged, private-asset and election- or economic-event-linked ETFs reached the market, CryptoSlate reports.
Bitcoin Cools After ETF-Fueled $3 Billion Surge
Bitcoin’s rally slowed Friday after the Federal Reserve chief said inflation was too high. Bitcoin Magazine linked the earlier advance to roughly $3 billion in speculative flows into exchange-traded investment vehicles tied to the cryptocurrency.
Debasement Trade Is Here Thanks to Government Debt — And Bitcoin Will Benefit: Grayscale
Grayscale’s research team says bitcoin is benefiting from the so-called debasement trade, which Bitcoin Magazine linked to government debt. The asset manager said the environment could support bitcoin.
Metaplanet CEO Says Bitcoin Opportunity Is Emerging in Asia
Metaplanet CEO Simon Gerovich said at Bitcoin Asia that changing regulations and Asian demand for places to allocate cash could strengthen Bitcoin’s opportunity in the Far East, according to Bitcoin Magazine.
Capital B Raises €21 Million From Adam Back and TOBAM to Buy More Bitcoin
Capital B raised €21 million from Adam Back and TOBAM to fund further bitcoin purchases. The French treasury company currently holds 3,145 BTC, worth more than $245 million at current prices.
Bitcoin Recovers After Initial Drop on Fed Chair’s Inflation Remarks
Bitcoin dropped to $78,630 after Fed Chair Kevin Warsh said he had “more work to do” to fight inflation, then rebounded. The cryptocurrency was recently trading at $79,474, according to Bitcoin Magazine.