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Crypto

Bitcoin mining profits plunge, putting $60,000 support under test

Bitcoin mining profitability has fallen to a record low, fueling market unease over whether bitcoin can hold the $60,000 support level. As the price slipped toward $62,000, on-chain activity cooled and miner revenue sank. Miners and pools still hold more than $110 billion worth of bitcoin, raising concerns about potential selling. Industry concentration has increased, while some miners shift power infrastructure toward AI computing.

Crypto

Trump\'s crypto empire: Policy, business and investment interests entangled

U.S. President Donald Trump has wide-ranging interests across digital assets, including a personal wallet, the WLFI DeFi platform, memecoins tied to the Trump family name and bitcoin holdings strategies by Trump Media and Technology Group. Data cited in the article point to steep price declines in Trump-linked tokens and scrutiny by the Senate Permanent Subcommittee on Investigations. Critics also raise concerns over token structures, foreign investment and potential conflicts of interest alongside pro-crypto policy moves.

Industry

Azicland posts 2.9 billion won Q1 operating loss, improves 7.0 billion won from previous quarter

Azicland said on Thursday it posted first-quarter consolidated revenue of 54.0 billion won and an operating loss of 2.9 billion won. Revenue jumped 242 percent from a year earlier to the highest quarterly level since its founding. The operating loss narrowed by nearly 7.0 billion won from the previous quarter, and the operating margin improved by about 45 percentage points from a year earlier, bringing it closer to break-even.