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Crypto

Crypto investors sit on sidelines on oil shock and Iran war fears; uncertainty must clear for rebound

Rising tensions in the Middle East and a sharp jump in oil prices are blocking direction in the crypto market and pushing investors into wait-and-see mode, an analysis said. Grayscale said geopolitical risks have clouded an improving macro environment, lifting inflation concerns and rate expectations. It said bitcoin and major tokens have traded in a range with higher volatility. Grayscale said many participants will wait for clearer signals.

Telecommunications & Media

LG Uplus revamps Sharing Mileage to expand employee social contribution

LG Uplus said on Thursday it has overhauled its in-house Sharing Mileage programme to expand employees’ voluntary participation in social contribution and upgrade how they take part and use accumulated mileage. The company said it clarified accrual standards and widened the scope of participation. Employees can exchange mileage for ESG-related goods or convert it into donations at 100 won per 1M, with new emphasis on making donation conversion easier.

Crypto

Bitcoin shaken by Hormuz closure risk; Bloomberg says it could fall into $10,000 range

Bitcoin hit a weekly low as U.S. shares slid on oil supply concerns. TradingView data cited by Cointelegraph showed BTC/USD briefly fell below $66,000, while the Nasdaq Composite dropped more than 2 percent. Bloomberg Intelligence senior commodity strategist Mike McGlone said bitcoin could retest $10,000 over the long term. CoinGlass data showed more than $400 million in crypto liquidations over 24 hours as risk-off sentiment grew.