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Games & Commerce

Nexon to end Crazy Arcade service on Aug. 13 after 25 years

Nexon will end service for its long-running casual game Crazy Arcade on Aug. 13, the company said in an official notice on Wednesday. It has stopped selling paid in-game items after maintenance and ended ongoing events and premium PC cafe benefits. Nexon will run a “Goodbye Cra! Thank You” event until shutdown. Refund requests will be accepted from June 11 to Sept. 16 for eligible purchases.

Crypto

Bitwise CEO advises crypto investors chasing AI stocks

Bitwise Asset Management CEO Hunter Horsley advised cryptocurrency investors to look beyond short-term price moves and focus on tangible project progress and year-on-year performance. He said investors should weigh measures such as on-chain adoption, product-market fit, integration with companies and institutions, and team capability. Horsley also cited differences between crypto traders’ short time horizons and longer-term institutional capital.

Crypto

Crypto market sentiment hits \'extreme fear\' as bitcoin ETFs log 13-day outflow streak

The crypto Fear and Greed Index fell to 12 on June 6, worsening to its lowest level in weeks and signaling “extreme fear.” Bitcoin slipped to $61,100 and declines spread across major cryptocurrencies. Spot bitcoin ETFs recorded net outflows for 13 straight sessions, with about $400 million leaving in a single day, contributing to more than $4 billion in outflows since mid-May. Ethereum and major altcoins also fell.