Crypto News
Digital Asset Fund Inflows Surge Amid Market Volatility
Digital asset investment products experienced $527 million in inflows last week, driven by volatile market conditions and significant Bitcoin investments. (Read More)Source link
HKMA Reports Stable Credit Conditions for SMEs in Q4 2024
The Hong Kong Monetary Authority's survey indicates that SMEs experienced broadly stable credit conditions in Q4 2024, with minor changes in credit approval perceptions. (Read More)Source link
TRUMP Down 75% From Peak Even as Donald Trump Shills the Token on Truth Social
A market-wide drop has sent Donald Trump’s TRUMP token spiraling further down in the past 24 hours, bringing losses from the peak to a staggering 75%.TRUMP was issued a couple of days before Trump’s swearing-in ceremony on Jan.20 as the first-ever memecoin officially endorsed by a sitting president. It ran from zero to a market cap peak of $14 billion less than 48 hours after going live, though most retail traders lost money on the token, as a CoinDesk analysis showed.Trump continues to endorse the token on his social media platform, Truth Social, where he posted "I LOVE $TRUMP!!" alongside a link to purchase the token over the weekend.However, the market responded with less enthusiasm than anticipated. By Sunday morning,...
Creative Industry Veteran: AI Can ‘Broaden Artistic Horizons’ Without Replacing Human Creativity
A creative industry expert asserts that artificial intelligence tools have broadened the horizons of what’s possible in the art industry and amplified human creativity. The AI Threat Artificial intelligence (AI) tools have “broadened” the horizons of what’s possible in the art industry and should not be seen as a threat to human creativity, Roman Cyganov,Source link
Bitcoin’s ‘Kimchi Premium’ Jumps to 10%, Worrying Sign for BTC in Short-Term
Premiums of an infamous bitcoin (BTC) trade popularized by Sam Bankman-Fried have popped back to significant levels amid a market bloodbath caused by rising U.S. tariffs, a market sign that some consider bearish in the short term.The so-called Kimchi premium, or the difference in bitcoin prices on Korean exchanges compared to global bourses, rose just over 10% as of Asian morning hours Monday as BTC dropped 6% in the past 24 hours.The arbitrage involves buying bitcoin on a global exchange and selling it on a Korean exchange for a riskless profit in Korean won. Pocketing the actual gains is difficult due to South Korea's strict capital controls, but the premium is often used alongside other factors to gauge market sentiment.Trading...