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Crypto

Peter Schiff says Strategy's bitcoin strategy could turn into a 'death spiral'

Bitcoin bear and economist Peter Schiff warned that Strategy’s bitcoin-buying plan could fall into a “death spiral”. He said the company’s funding structure using STRC preferred shares could weigh on both its stock price and bitcoin. Schiff pointed to the gap between bitcoin holdings and cash payout obligations, arguing STRC dividends could force Strategy to sell bitcoin or keep issuing more shares. Michael Saylor rejected the criticism and proposed a public debate.

AI & Enterprise

Telecoms' Q1 results diverge after hacking incidents; SKT and KT profitability slows

A series of hacking incidents last year is expected to affect South Korea's three mobile carriers in the first quarter. SK Telecom and KT are seen posting weaker results as compensation payments and marketing costs weigh on profitability. LG Uplus is forecast to be the only one to report gains in both sales and operating profit, helped by subscriber inflows and growth in new businesses. Analysts also see scope for a recovery in the second half.

Games & Commerce

Red Desert, Aion 2 lift Korean game makers' first-quarter outlook

Major South Korean game companies are flagging unusual first-quarter earnings improvements, a period typically considered an off-season. Pearl Abyss and NCSOFT are expected to post sharply stronger results from early momentum in new titles Red Desert and Aion 2, respectively. Krafton and Netmarble are seen benefiting from steady performance of existing intellectual property, while Nexon projects double-digit top-line growth based on company guidance.