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Industry

LG Electronics launches 'Battery Turn' campaign to collect used vacuum batteries

LG Electronics said on May 18 it will run its 'Battery Turn' resource-circulation campaign to collect used vacuum cleaner batteries and recycle them into rare metals. The campaign, backed by the Ministry of Climate, Environment and Energy and run with the Korea Environment Corporation and E-Circular Governance, has continued annually since 2022. Customers who return used batteries receive discounts on new battery purchases, with higher discounts offered this year.

Crypto

Ethereum wobbles at $2,200 as large short bet meets whale buying

A whale wallet has built a $50.55 million, 25-times leveraged short position in ether, heightening market tension as ether trades near levels that would pressure the bet. The wallet also holds a leveraged bitcoin long position. Other large holders have increased ether longs, while another wallet linked to World Liberty Financial sold ether for USD coin. Addresses tied to a possible fund deposited ether to Binance, adding to selling pressure. Attention is on whether ether holds $2,200.

Crypto

Saylor hints at possible bitcoin sale, warning holding forever could hurt valuation

Strategy Chairman Michael Saylor has publicly raised the possibility of selling bitcoin, drawing renewed market attention. He said some liquidity is needed for the company’s bitcoin holdings to be recognised and used as a long-term asset. Saylor warned that if the market assumes Strategy will never sell, credit rating agencies may find it hard to view bitcoin as a true asset. The comments have reignited debate after earlier remarks following earnings.