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Crypto

Bitcoin mining pool Poolin files for Chapter 11 bankruptcy protection

Bitcoin mining pool Poolin filed for Chapter 11 bankruptcy protection in the United States and began a process to sell two West Texas mining sites for $52 million as part of a creditor recovery program. Cointelegraph reported that Poolin and two U.S. affiliates filed on July 23 in a New Jersey court. Court filings put liabilities at $100 million to $500 million and assets at $1 million to $10 million.

Finance

KOSPI falls below 7,000 again; sidecars triggered in both markets

South Korea\'s KOSPI and Kosdaq slid more than 5 percent on July 24, with sidecar trading curbs triggered across markets for the fifth straight session this week. The KOSPI closed at 6,690.62, down 5.72 percent, while the Kosdaq fell 5.32 percent to 748.22. Foreigners and institutions were net sellers in the main market. The won ended stronger against the dollar.

Crypto

Bitcoin shrugs off Iran shock; S&P 500 short squeeze mentioned

Bitcoin held around $66,000 despite rising tensions between the United States and Iran. It dipped about 1 percent intraday but stayed elevated after climbing near $67,000, a five-week high. Oil prices rose to their highest since June 11, while crypto and U.S. stocks remained relatively steady. A market analysis account highlighted high short interest in the S&P 500 and Russell 3000, raising the possibility of a short squeeze. Traders watched $67,000 as a key level.