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Crypto
Bitcoin faces test at $76,000 as whale selling checks rally
Bitcoin is trying to push higher around $76,875 as selling pressure eases, but large whale wallets and a smart money index still tilt toward selling. Binance Research sees sellable supply shrinking, citing on-chain indicators such as dormant coins and lower exchange balances. Short-term holders’ profitability has improved, but wallets holding 100,000 to 1 million BTC reduced their supply share. Key levels include $75,975 support and $78,595 resistance.
AI & Enterprise
Mark Cuban proposes federal AI token tax, says it could boost efficiency and revenue
U.S. billionaire investor Mark Cuban proposed a federal-level “AI token tax” on AI service operators. He suggested charging less than 50 cents per 1 million tokens at the commercial AI provider level, with revenue rising as usage increases. Cuban said the tax should apply only to commercial providers and exclude open-source models and local inference on personal devices. Supporters cite efficiency and revenue gains, while critics warn it would hurt U.S. firms and expand government tracking.
Mobility
EV battery prices fall but insurance premiums surge, becoming a hurdle to adoption
Rapid rises in car insurance premiums and repair costs in Europe are weakening the cost-saving appeal long seen as a key advantage of switching to electric vehicles, an analysis shows. While battery prices keep falling and the EV market grows, surging insurance and maintenance expenses, shortages in charging infrastructure and added strain on power grids are emerging as hurdles. Oil price gains support demand, but wider adoption may hinge on costs, chargers and grid integration.
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Crypto
Kraken cuts 150 jobs citing AI efficiency, IPO likely pushed to 2027
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AI & Enterprise
China's telecom carriers usher in era of AI token pricing plans
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Crypto
Strategy buys $2.01 billion of bitcoin, taking holdings above 843,738 BTC
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Finance
Danal partners World K-Pop Center to build K-pop payment ecosystem for foreigners
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People & Appointments
Hanwha Group, KAIST recruit fifth cohort for middle school space talent programme
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AI & Enterprise
AI infrastructure edge lies in data management, Dell executive says
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General News
Coupang urges voting in June 3 local elections, seeks days off for 18,000 delivery drivers
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Finance
KakaoBank launches 'livelihood account' protecting 2.5 million won a month
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Industry
Solu M enters North American automotive electronics supply chain via Mexico unit
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Finance
Mirae Asset Management publishes guidebook for single-stock leverage investing
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Games & Commerce
Cafe24 launches AI website builder to support small merchants and SMEs
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Games & Commerce
Naver D2SF invests in user judgement prediction AI startup Clonlabs
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Finance
Coocon launches We-Bridge non-face-to-face document submission solution to simplify loan, insurance contracts
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General News
Shinsegae Chairman Chung Yong-jin issues public apology over Starbucks marketing controversy
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Fintech
Samsung Asset Management's KODEX TDF ETF series tops 1 trillion won in net assets