Bitcoin is repeating earlier BTC price behavior, analysis suggests, as a Coinbase Premium comeback joins positive ETF flows for a crypto market rebound. Key points: Bitcoin is “getting closer” to its next local bottom after a trip below the $109,000 mark. A positive Coinbase Premium returns, raising hopes of a US demand recovery. Read more
Binance and Tether are eyeing Korea’s stablecoin rules that may boost coins pegged to the South Korean won or strengthen USD dominance. South Korea has become a key focus in the global stablecoin conversation as it draws close attention from major players like Binance and Tether. Both companies are among the largest stablecoin issuers worldwide, and they both could face major challenges depending on how new regulations unfold in the East Asian nation. Read more
Tokyo-based Monex Group is weighing the launch of a yen-pegged stablecoin, with its chairman, Oki Matsumoto, citing the need to keep pace in digital finance. Tokyo-based publicly traded financial services company Monex Group is considering a Japanese yen-pegged stablecoin. According to a Tuesday TV Tokyo report, Monex Group Chairman Oki Matsumoto told the outlet that the company is considering issuing a yen-pegged stablecoin in Japan. “Issuing stablecoins requires significant infrastructure and capital, but if we don’t handle them, we’ll be left behind,” Masumoto said. He concluded: Read more
SharpLink has expanded its Ether treasury to almost 800,000 ETH after last week’s $252 million purchase, while also approving a $1.5 billion stock buyback plan. SharpLink Gaming boosted its Ether treasury again last week, acquiring $252 million in ETH and raising $360.9 million through its at-the-market (ATM) equity program. The company now holds 797,704 Ether (ETH), worth about $3.7 billion, with $200 million in cash for further buys, the company revealed in a Tuesday update. “Our regimented execution of SharpLink’s ETH treasury strategy continues to demonstrate the strength of our vision,” said Co-CEO Joseph Chalom, adding that the firm is committed to “building long-term value for our stockholders while simultaneously supporting the broader Ethereum ecosystem.” Read more
Developers are sharing stories related to concerning BigQuery pricing strategies, which charged multiple developers with a $5,000 bill for a single query. Blockchain developers are sharing "horror stories" related to eye-watering bills received from Google Cloud's BigQuery service, including a developer who was suddenly charged a total of $15,000 for performing three queries. BigQuery is a serverless data warehouse offered by Google Cloud, designed for analyzing large sets of data via Structured Query Language (SQL) with built-in artificial intelligence (AI) capabilities. “I want to warn everyone that BigQuery is a big scam and every day you’re risking getting a ridiculous bill that can bankrupt you,” wrote a pseudonymous developer in a post shared by Mikko Ohtamaa, co-founder of decentralized algorithmic trading protocol Trading Strategy, adding: Read more