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Crypto

Nasdaq-listed medical data firm OneMedNet sells all bitcoin holdings amid cash shortfall

Nasdaq-listed healthcare data company OneMedNet has sold all of its bitcoin holdings as of end-June, reporting 0 BTC in its quarterly filing. The company warned that its liquidity is insufficient to cover operating needs for the next 12 months and said the conditions raise substantial doubt about its ability to continue as a going concern. It has relied on selling treasury bitcoin to fund operations and is increasingly turning to external financing and share issuance.

Crypto

Bloomberg strategist warns bitcoin could fall to $10,000

A Bloomberg Intelligence strategist warned bitcoin could fall to about $10,000 in the medium term, citing signs that a speculative bubble is deflating. Mike McGlone said bitcoin has lagged U.S. stocks even as indexes hit records, and has failed to hold above $69,000. He said past rallies relied on temporary support such as cheap liquidity and the launch of U.S. spot ETFs, while current ETF inflows and regulatory optimism have faded.

Finance

KOSPI nears 7,000 as foreign buying, U.S. rate trend in focus

South Korean stocks are expected to test whether the KOSPI can hold the 7,000 level this week. With semiconductors leading a rebound and gains spreading to non-chip sectors, investors are watching whether foreign buying continues and how U.S. long-term Treasury yields move. Exports in early August rose sharply, led by chip shipments. Markets are also monitoring the release of the Fed’s July meeting minutes and U.S. economic indicators.