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Crypto

Bitcoin slips back to $74,000 as Strait of Hormuz risk resurfaces

Bitcoin, which rose last week, slid back into weakness as geopolitical concerns pushed it down to around $74,000. Cointelegraph reported that renewed worries about a U.S.-Iran war and reports Iran could reclose the Strait of Hormuz unsettled oil markets and spread selling across cryptocurrencies. Long liquidations increased in derivatives markets, with total crypto liquidations of $260 million over 24 hours, CoinGlass data showed.

AI & Enterprise

Calls grow to elevate Korea sovereign AI model project to national security amid Mythos threats

As AI-driven cyber threats such as Claude Mythos emerge, calls are growing to elevate South Korea’s sovereign AI foundation model project into a national security tool. A security panel under the National AI Strategy Committee reviewed Mythos and discussed upgrading the project’s status, building real-time AI defence and strengthening global cooperation. Security use was cited from the start, and officials and aides have stressed strategic control. The stage-two assessment in August may reflect security capabilities.

Games & Commerce

Naver, Kakao set to post record first-quarter results led by commerce and ads

Naver and Kakao are expected to post record first-quarter results, driven by commerce and advertising. Naver’s revenue is forecast to rise 12.8 percent to 3.14 trillion won, with operating profit up 11 percent to 560.9 billion won, led by strong commerce growth. Kakao is expected to report revenue of 2.01 trillion won and operating profit of 179.5 billion won, up 70.3 percent, on KakaoTalk ad growth and efficiency moves.