South Korea's Public Officials Benefit Association (POBA), the country's seventh-largest pension relief firm, lost about $32.7 million on an Ethereum leveraged ETF investment. Leveraged ETFs amplify daily price movements using derivatives, increasing both potential gains and losses, making them risky for long-term pension funds. This loss highlights the dangers of using aggressive crypto products for conservative institutional capital and may prompt regulatory scrutiny in South Korea. The incident does not reflect on unleveraged Ethereum products but underscores the importance of understanding product risks in crypto investments.
Institutional investors sold $1.07 billion in Bitcoin and other crypto assets in one week, marking the first outflow after seven weeks of inflows and the third-largest weekly outflow this year. Bitcoin led the sell-off with $982 million withdrawn, wh...
Bitmine Immersion Technologies acquired 71,672 ETH in a recent purchase, increasing its total Ethereum reserves to 5.278 million ETH, valued at about $11.05 billion. Chairman Tom Lee sees current ETH prices below $2,200 as a strong buying opportunity...
Bitcoin fell below $77,000 after four days of losses, pressured by Iran's new "Hormuz Safe" system requiring $2 million in Bitcoin for Strait of Hormuz passage and over $1 billion withdrawn from crypto funds last week. Rising oil prices and inflation...
Bitcoin fell modestly by 0.30% to $76,555.78 while Ethereum rose 0.29% to $2,121.10, reflecting a cautious yet active crypto market. Stablecoin trading volume surged 57.26% to $97.38 billion, and derivatives volume jumped 31.60% to $847.44 billion, i...
KITE led Upbit's crypto greed index with a score of 76 despite a 5.04% price drop to 339 won, signaling a cooling phase rather than a trend reversal. The token saw heavy trading volume (~15.06 billion won), indicating active repositioning amid sustai...
