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Crypto

U.S. must declare bitcoin a true strategic asset, not just back it

A bitcoin industry figure said the United States will eventually reach a stage where it provides the institutional environment needed for bitcoin to succeed, even if it takes 10 or 20 years. Former Trump administration crypto adviser David Bailey said support alone is insufficient and policymakers must make more progress in implementation. He said it remains unclear how the strategic bitcoin reserve operates and how much the government holds, with Arkham Research estimating about 378,372 BTC.

Finance

Iran shock sends KOSPI down 12.06 percent in biggest drop since 2000

South Korea’s KOSPI and KOSDAQ slumped on what the article called an “Iran shock” tied to fears of a full-scale U.S.-Iran war. The KOSPI fell 12.06 percent to 5,093.54, its biggest one-day drop since 2000, surpassing the 9/11 decline in 2001. Both markets triggered level-one circuit breakers, halting trading for 20 minutes. Heavy losses hit top market-cap stocks, including Samsung Electronics and SK Hynix.

AI & Enterprise

Anthropic's Claude triggers switching wave among AI chatbots

Anthropic’s Claude has climbed to No. 1 on the App Store, overtaking ChatGPT and stirring competition in the AI chatbot market. A recent dispute in Washington involving Anthropic and the U.S. Defense Department, followed by a separate OpenAI agreement, coincided with some users switching their preferred chatbots. Business Insider said changing chatbots involves trade-offs, and users should compare features and limits, especially on free tiers, rather than moving based only on rankings.