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AI & Enterprise

PIPC fines Bithumb 210 million won for violating overseas transfer of personal data

South Korea\'s Personal Information Protection Commission on June 24 imposed a 210 million won fine on Bithumb for violating rules on overseas transfers of personal data and approved an order to take corrective steps to meet legal requirements. The commission launched an investigation after questions were raised during a 2025 parliamentary audit about the legality of personal data transfers linked to sharing an order book. It also established privacy guidelines for blockchain services.

Crypto

Bitcoin enters short-term inflection zone as buy wall at lows clashes with short liquidations above

Bitcoin has slipped below $61,000, turning the $60,500 to $60,000 area into a key short-term battleground where spot buy orders and derivatives liquidation risks overlap. Order-book data show liquidity clustered below $60,500 and near $60,000. Traders are watching whether lower liquidity is tested, while long liquidations have eased downside pressure. Attention is shifting to potential short liquidations around $63,500 and $65,000.

Crypto

Bitcoin sentiment improves but ETF outflows still weigh

Bitcoin futures market funding rates rose to the highest level in about 2 weeks, improving short-term sentiment. Bitcoin climbed to around $65,500, helped by expectations of easing Middle East tensions and a drop in oil prices. Derivatives positioning turned more bullish, but options markets showed strong demand for downside protection. Concerns also lingered over corporate bitcoin holdings. The main burden remains continued outflows from U.S.-listed spot bitcoin ETFs, now in a sixth straight week.