Sky Wee, an influencer with 4M followers, worries about Bitcoin’s future: “The real risk isn’t institutions buying, it’s retail not buying.” As Bitcoins price surges back into headlines, fueled by TradFi institutions and corporations gobbling up all the supply, so too have fears increased among decentralization purists. Is this validation of Bitcoins long-term value or the beginning of its co-option by the very forces it was created to resist? Its an important distinction. Institutional adoption may appear to popularize Bitcoin, but top Asian influencer Sky Wee argues its the opposite; he is firmly encamped in the Bitcoin evangelist camp. With more than 4 million followers across TikTok, Instagram, YouTube and Facebook and as an Official Binance Influencer and Lead Ambassador for a 500-strong network of Key Opinion Leaders (KOLs), Wee has become a critical bridge between East and West, driving global adoption and strategic collaboration in the Web3 space. Bitcoin was always meant to be a hedge against the tra...
France’s interior minister will reportedly meet with crypto professionals to address rising security concerns after a failed kidnapping targeted the family of Paymium CEO Pierre Noizat. The French interior minister reportedly plans to meet cryptocurrency professionals in the aftermath of a violent kidnapping attempt on the family of a crypto exchange executive in Paris. According to a May 14 France24 report, Interior Minister Bruno Retailleau has invited crypto professionals to meet him after a brazen attempt to kidnap the daughter and grandson of Pierre Noizat, the co-founder and CEO of French crypto exchange Paymium. ”I will assemble businesspeople working in cryptocurrencies, and we have a few of those in France, at the interior ministry to work with them on their security,” Retailleau reportedly told the Europe 1/CNews broadcaster. On May 13, three masked men attacked Noizat’s daughter while she was walking in Paris’ 11th district with a man and her son. The attackers tried to force Noizat’s daughter and ...
Ethereum's crypto market dominance has reached its most overheated levels since May 2021, which may lead to a sharp pullback in ETH prices. Key takeaways: Ethereum’s market dominance has hit overbought RSI levels not seen since May 2021, historically followed by major pullbacks. ETH/USD is showing a bearish divergence on the four-hour chart, hinting at a potential 10–15% price correction. Read more
While the three leading presidential candidates have indicated a pro-Bitcoin ETF stance, previous political promises have yet to materialize in South Korea. South Korea could soon follow Hong Kong in legalizing spot Bitcoin exchange-traded funds (ETFs), as the country’s top presidential candidates have expressed pro-crypto positions. Still, some industry observers remain cautious about the likelihood of near-term regulatory change. “All three major South Korean presidential candidates support #Bitcoin ETFs and institutional investment,” Ki Young Ju, the founder and CEO of onchain data platform CryptoQuant, wrote in a May 14 X post. Read more