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Crypto

Galaxy Research flags ETF outflows and slower corporate buying as factors in bitcoin weakness

Bitcoin’s weakness since the start of October has been driven by spot ETF outflows and a slowdown in buying by companies that hold bitcoin as a treasury asset, Galaxy Research executive Alex Thorn said. Galaxy’s indicator comparing institutional absorption with early-holder distribution showed net supply has been dominated by coins moving after five years of inactivity. ETF and corporate buying supported flows in March and April, but since May outflows and long-term holder selling have pushed monthly flows negative.

Crypto

Robinhood CEO says crypto, not sports, to dominate prediction markets within a few years

Cryptocurrency-related contracts are emerging as a core pillar of Robinhood’s prediction market business, overtaking sports, foreign media reported, citing CEO Vlad Tenev. He said crypto categories already account for a disproportionately large share and sports could become a minority within a few years. Robinhood reported 2026 second-quarter event-contract revenue of $156 million, more than 10 times a year earlier, and traded 13.6 billion contracts in the quarter.

Industry

Musinsa Kicks opens at Starfield Goyang, its first store in a mixed-use mall

Musinsa\'s shoe select shop brand Musinsa Kicks has expanded into mixed-use shopping malls. Musinsa opened the Musinsa Kicks Starfield Goyang store on Friday, its third offline location after Hongdae and Seongsu and its first in a mixed-use mall. The retailer said the move aims to diversify its customer base beyond Seoul’s key commercial districts toward lifestyle consumers and family shoppers in the northern Gyeonggi region.