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Crypto

Oil at $105 a barrel emerges as bitcoin plunge signal; will this time be different

As international oil prices rise above $105 a barrel to the highest level in about four years, attention is on whether bitcoin will face a sharp correction as in past instances. Cointelegraph cited three cases when WTI traded above $105 and bitcoin fell within weeks: once in 2014 and twice in 2022, with declines of 14 percent to 27 percent. The analysis cautioned the sample is small and other factors may have driven those moves.

Industry

Coupang expands online and offline gift card sales channels to cement user recovery

Coupang has expanded its gift card sales channels from online to offline, starting physical gift card sales at Seven Eleven stores on March 31. The move comes as user metrics that fell after a personal data leak incident show signs of recovery in the first quarter. The company is seen as targeting non-members and dormant users, while also citing demand from corporate customers buying gift cards in bulk for welfare and marketing uses.

Crypto

Crypto winter returns as trading volumes plunge and industry expands alliances with finance

Crypto markets are in another winter, with prices falling for six months and firms shifting strategies or cutting jobs. Regulatory uncertainty persists in the United States, with progress on stablecoin rules but tougher prospects for a broader market-clarity bill. Bitcoin and other tokens have slid, and monthly trading volumes have dropped to the lowest since January 2024. DeFi lending yields have also fallen. Exchanges are restructuring and expanding into prediction markets and traditional assets, sometimes partnering with stock exchanges.