| Mobile Web

Search results for cryptocurrency exchange

Crypto

Claims celebrities were used to promote XRP in South Korea spark dispute over investor losses

A cryptocurrency trader and market commentator has drawn controversy by alleging that promotional activity helped drive South Korean investors’ losses in XRP after its price fell sharply from its peak. Ryker said South Korean celebrities were paid by an “XRP team” to promote the token when it traded at $2 to $3, citing heavy XRP volume on Upbit. No supporting evidence has been made public, and Decrypt reported the claims could not be verified.

AI & Enterprise

Rising costs raise questions over big model-centric AI landscape

As corporate spending on AI rises rapidly, the big model-centric structure of the AI industry is showing signs of change. Developers have kept inference costs relatively low using invested funds, allowing companies to use advanced models below cost. With AI adoption spreading, more companies say costs are becoming a burden. Coinbase CEO Brian Armstrong forecast most work will shift to much cheaper models, a shift that could affect profitability at major AI firms.

Crypto

Bitcoin slides to $62,000; Middle East situation and ETF flows in focus

Bitcoin fell to the $62,000 level this week as worsening U.S.-Iran relations coincided with selling pressure from institutions. A weekly report by a Bitbank market analyst cited rising geopolitical uncertainty after Iran halted nuclear talks with the United States, stronger-than-expected U.S. labour indicators that lifted rate-hike pressure, and news that Strategy sold part of its bitcoin holdings. U.S. spot bitcoin ETFs also posted 14 straight sessions of net outflows through June 3, before turning to a small inflow on June 4.