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Crypto
Bitcoin Pizza Day: 10,000 BTC for two pizzas now worth more than 1 trillion won
The 10,000 bitcoins spent on two pizzas in 2010 have grown to a value well above 1 trillion won, drawing renewed attention to changes in bitcoin’s purchasing power and supply. Binance marked Bitcoin Pizza Day by outlining reduced new supply through halving cycles, the rising share of already-mined coins and examples of today’s purchasing power across major cities. It also cited growing institutional holdings, including listed companies, ETFs and governments.
Crypto
SpaceX IPO: Could it be bad news for tech stocks, and what about bitcoin?
SpaceX plans a $75 billion IPO in June while holding 18,712 bitcoin, the largest confirmed bitcoin holding among firms preparing to list or recently filing. It disclosed bitcoin worth about $1.45 billion, while Tesla holds 11,509 bitcoin. Markets are also watching potential fast entry into the Nasdaq 100 within 15 trading days. Some expect passive rebalancing to pressure major tech stocks, while bitcoin could face short-term downside given its high correlation with mega-cap tech shares.
Crypto
Grayscale identifies four altcoins likely to benefit from Clarity Act
Grayscale selected Ethereum, Solana, BNB Chain and Canton Network as blockchains that could be most likely to attract institutional inflows after the passage of the Clarity Act. It said greater regulatory clarity could push capital toward networks with deeper on-chain finance foundations. The Clarity Act cleared the U.S. Senate Banking Committee on May 14 by 15-9 and now heads to a full Senate vote, where 60 votes are needed for final passage.
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Crypto
China online brokerage crackdown puts USDT in focus as backdoor route for overseas stocks re-emerges
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Crypto
XRP withdrawals from Binance rise, whale wallet outflows also jump
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Crypto
Michael Saylor says bitcoin has hit bottom, claims start of upward rally
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Crypto
Ethereum whale wallets cut holdings by $725 million
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Crypto
Crypto firms face wave of closures as bear market cuts trading and investment
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Crypto
Bitcoin rebound enters 90th day as $90,000 level comes into focus
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Crypto
Former Ethereum researcher says ETH needs new $1 billion organisation to revive ecosystem
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Crypto
Bitcoin long-term holdings near record high, analysts see slim chance of new low
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Crypto
XRP may rebound after retail investors exit, with $1.50 recovery key
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People
Korea ICT vice minister meets Singapore ambassador
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Industry
Lotte Energy Materials revamps copper foil portfolio
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Telecommunications & Media
Broadcast media communications commission to ease home shopping rules, push six tasks on carriage fees and scheduling
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Finance
Samsung Electronics, SK Hynix single-stock leveraged and inverse 18 products to list on May 27
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People
Dunamu cheers Team Korea athletes for Upbit Pizza Day
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Finance
Fund flows shift to Kosdaq as KOSPI takes a breather on National Growth Fund hopes