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Crypto

Arthur Hayes says U.S.-Japan currency intervention that boosts dollar liquidity could lift bitcoin

Arthur Hayes (아서 헤이즈) said bitcoin could face upward pressure if U.S. and Japanese currency intervention expands dollar liquidity. He highlighted the Fed’s FIMA Repo facility, which allows foreign central banks and international organisations to borrow dollars against U.S. Treasuries. Hayes outlined steps in which Japan borrows dollars, sells them for yen and buys domestic assets, while the Fed expands its balance sheet. He also discussed ethereum and Ethena, and disclosed Maelstrom’s bullish bitcoin position.

Crypto

Cardano posts top weekly gain among top 100 crypto assets as whale buying and development progress draw focus

Cardano has risen 25.03 percent over the past seven days, the biggest weekly gain among the top 100 cryptocurrencies by market value. ADA briefly climbed to $0.1956 on Aug. 4, according to The Crypto Basic. Santiment highlighted a drop in wallets with balances, while saying large investors increased accumulation. Whale wallets bought 240 million ADA in five days, lifting holdings to 14.5 billion ADA. Santiment also cited progress in testnet and scaling work.

Telecommunications & Media

KT runs \'Invite Dream\' for long-term customers, offers \'Shin Soldier 4\' premiere invites

KT said on Tuesday it will offer long-term customers benefits including invitations to a premiere screening of ENA drama \'Shin Soldier 4\' and professional baseball viewing. Through its August \'Invite Dream\' program, KT will invite 300 customers to a screening on Aug. 22 at Megabox COEX in Seoul. Eligible customers have used KT mobile, internet and TV services for a combined five years or more.