The post South Korea crypto holdings crash 50% as investors chase stocks appeared on BitcoinEthereumNews.com.
South Korean investors cut their crypto holdings by more than half over the past year as capital moved toward the stock market. Summary South Korean crypto holdings dropped from $83.3 billion to $41.4 billion within a year. Trading volume on five major exchanges fell sharply as investors moved toward equities. New AML checks and a 2027 crypto tax may add pressure on local exchanges. Bank of Korea data submitted to Rep. Cha Gyu-geun showed holdings fell from 121.8 trillion won, or $83.3 billion, at the end of January 2025 to 60.6 trillion won, or $41.4 billion, by the end of February 2026. Daily trading volume also dropped across Upbit, Bithumb, Korbit, Coinone, and Gopax. The figure fell to about $3 billion in February from $11.6 billion in December 2024, showing lower activity among retail traders. Investors move toward stocks The decline came as Korean investors turned towar
The post WheelX.fi Expands Cross-Chain Liquidity Access Through KiteAI Integration appeared on BitcoinEthereumNews.com.
WheelX.fi, a popular swap AI-driven bridge aggregator platform, has integrated with KiteAI, a noteworthy agentic payment infrastructure firm. The integration unveils a streamlined cross-chain swap model. As per WheelX.fi’s official X announcement, the development permits consumers to convert crypto tokens from over fifty chains into $WETH via the Kite mainnet. Hence, the move improves liquidity access along with fortifying the basis for robust programmable payment mechanisms for AI agents. We are excited to announce the integration with @GoKiteAI — the payments layer for the agent economy. 🚀 You can cross-chain swap any token from 50+ networks into $WETH on Kite mainnet. Try it now: https://t.co/ikbpsKP0kj pic.twitter.com/u6MAZAdfRf — WheelX.fi(🎡💜🎡) (@WheelX_fi) May 9, 2026 WheelX.fi and KiteAI Integration Accelerates Cross-Chain Payments The integration between W
The post Key Bitcoin price levels to watch as BTC bear bottom value sets in appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) is approaching two major resistance zones that could determine its next market direction, according to cryptocurrency analyst Michael van de Poppe. In an X post on May 9, the analyst identified the first key resistance area between $86,000 and $88,000, while the second and more significant zone sits between $93,000 and $95,000, aligning with Bitcoin’s 50-week moving average (MA). Poppe noted that in previous market cycles, including 2017, 2021, and 2024, Bitcoin’s initial recovery rallies often faced rejection near former support levels or the 50-week moving average before establishing a sustained uptrend. He suggested the current setup is following a similar pattern. His analysis showed Bitcoin recently breaking below the 50-week moving average, while the 200-week moving average is acting as key long-term support near the low $70,000 region. The insights also
The post Nvidia Crosses $40 Billion in AI Investments, Expanding Equity Bets Across Supply Chain appeared on BitcoinEthereumNews.com.
TLDR: Nvidia has crossed $40 billion in investment commitments in 2026, targeting firms across the AI supply chain. A $30 billion bet on OpenAI stands as Nvidia’s single largest investment, deepening a decade-long partnership. Deals with Corning and IREN tie optical manufacturing and data center capacity directly to Nvidia’s hardware ecosystem. Analysts warn that neocloud investments may be pre-funding GPU purchases, raising questions about organic AI demand. Nvidia has surpassed $40 billion in investment commitments in 2026, backing companies across the AI infrastructure stack. The chipmaker recently agreed to invest up to $3.2 billion in glass maker Corning and $2.1 billion in data center operator IREN. These deals reflect a broader strategy of financing the AI supply chain while securing commercial partnerships. Analysts see both promise and risk in N
The post Vertiv (VRT) Stock Soars to New Peaks Amid AI Infrastructure Boom appeared on BitcoinEthereumNews.com.
Key Highlights First-quarter 2026 revenues reached $2.65 billion, representing a 30.1% annual increase and surpassing analyst projections Earnings per share of $1.17 on an adjusted basis significantly exceeded the $1.00 consensus forecast Shares have climbed 115% since the start of the year, trading at $340.02 and approaching the 52-week peak of $359.84 Wall Street sentiment remains positive with 21 of 26 analysts maintaining Buy recommendations, despite average targets trailing current valuations Management upgraded annual EPS projections to a range of $6.30–$6.40 while setting second-quarter outlook at $1.37–$1.43 Vertiv (VRT) shares are hovering near record territory following exceptional first-quarter results driven by accelerating artificial intelligence infrastructure buildouts. Vertiv Holdings Co, VRT The infrastructure solutions provider delivered first-quarter revenu
The post Hyperliquid Burns $824K HYPE in 24 Hours appeared on BitcoinEthereumNews.com.
Hyperliquid burns $824K in daily HYPE fees, with 45.1M tokens burned as price trades near $43 and tests $45 resistance. Hyperliquid burned about $824,688 worth of HYPE in the last 24 hours, according to figures shared in the market update. The buyback and burn activity comes as HYPE trades near $43, while traders watch the $45 resistance zone for confirmation of a stronger move. Hyperliquid Uses Daily Fees for HYPE Buyback and Burn Hyperliquid generated about $824,688 in fees over the past 24 hours. The update stated that 100% of those fees were used to buy back and burn HYPE. The model has attracted interest because it links platform activity with token supply reduction. Many projects use revenue for operations, incentives, or treasury growth. Hyperliquid’s current model directs fees toward token burns. In the last 24 hours, Hyperliquid generated approximately $824,688 in fees — and 100% of it was u
The post Best Crypto Exchange Tokens 2026: BlockchainFX Aims To Challenge Trading Platforms as BNB, CRO and OKB Lead Watchlists appeared on BitcoinEthereumNews.com.
Exchange tokens remain one of crypto’s most powerful categories because they are tied directly to trading activity, liquidity and platform demand. That keeps BNB, CRO and OKB firmly on investor watchlists for 2026. Each is linked to a major exchange ecosystem with established users and strong market recognition. But BlockchainFX is now entering the same conversation from an earlier stage, with less than $500,000 left to raise before launch and public exchange trading still ahead. For investors searching for the best crypto exchange tokens 2026, the key question is whether BFX can capture the same platform-token upside before the wider market has a chance to price it in. Read on to see why BlockchainFX is being watched alongside the biggest exchange-linked tokens in crypto. 1. BlockchainFX Crypto Presale Targets the Exchang
The post Aramco Q1 Profit Surges 25% as East-West Pipeline Hits Full Capacity Amid Hormuz Crisis appeared on BitcoinEthereumNews.com.
TLDR: Aramco’s Q1 net profit rose 25% to $32.5B, beating the LSEG consensus estimate of $30.95 billion. The East-West Pipeline reached 7.0M bpd capacity, offsetting Hormuz shipping disruptions during the conflict. Total revenue climbed nearly 7% to $115.49B on higher crude oil and refined product prices and volumes. Aramco’s base dividend rose 3.5% to $21.9B, aligning with projected full-year payouts of $87.6 billion. Saudi Aramco posted a 25% rise in first-quarter profit for 2026, driven by higher oil sales and surging energy prices. The state oil giant earned $32.5 billion in net profit, beating analyst estimates. Geopolitical tensions around the Strait of Hormuz have reshaped global energy flows. As a result, Aramco’s East-West Pipeline is now running at full capacity to keep supply moving. East-West Pipeline Steps Up Amid Hormuz Disruption Iran’s blo
The post Jobs report: Retailers hire big, defying consumer warning signs appeared on BitcoinEthereumNews.com.
A woman walks past a “Now Hiring” sign in front of a store on January 13, 2022 in Arlington, Virginia. Olivier Douliery | AFP | Getty Images Retailers are ramping up hiring this year, defying economic concerns as consumers keep shopping. The retail trades added nearly 22,000 jobs in April, accounting for almost one-fifth of total job growth, according to preliminary federal data released Friday. Nearly 15.5 million employees now hold retail industry jobs, the most since July 2024. Consumers have kept their wallets open in the face of war in Iran, higher gasoline prices, faster inflation and President Donald Trump’s tariff policy. Lately, a solid consumer has left retailers confident enough to hire more workers to stock shelves or staff cash registers. “This still shows how resilient spending has been, even amid a lot of the uncertainty,” said Cory Stahle, senior economist at jo
The post SEC hint sparks prediction market ETF debate appeared on BitcoinEthereumNews.com.
SEC Commissioner Hester Peirce has drawn attention to prediction markets after discussing their growth during a May 8 speech. Summary Peirce said commercial prediction markets have grown and show no sign of slowing. Crypto.news reported a softer SEC crypto tone under Atkins, Peirce, and Uyeda. Bitwise has filed for ETFs tied to political prediction markets under PredictionShares. She said commercial prediction markets have “taken off” and show “no sign of slowing down.” Her remarks did not announce a final SEC rule for prediction markets. Still, they added to debate over how event-based products, tokenized markets, and possible prediction market ETFs may fit within U.S. securities rules. SEC signals softer crypto approach Crypto.news recently reported that the SEC’s messaging has shifted under Chair Paul Atkins, with Peirce and Mark Uyeda calling for clearer rules and a more open stance toward i
The post ServiceNow (NOW) Stock Draws Institutional Support Amid $30B Revenue Vision appeared on BitcoinEthereumNews.com.
Key Highlights Cantor Fitzgerald maintained its Overweight stance on NOW with a $122 price objective following the company’s analyst day and Knowledge conference in Las Vegas The enterprise software firm unveiled ambitious plans to exceed $30 billion in subscription revenue by the end of the decade, powered by agentic AI capabilities Leading institutional investors such as Vanguard and Jennison Associates substantially expanded their NOW positions during the fourth quarter Shares currently hover near $91, representing a significant retreat from the 12-month peak of $211.48, while analyst consensus targets $144.71 Wall Street maintains a Moderate Buy outlook despite widespread price target reductions following recent market pressure ServiceNow (NOW) stock continues trading around the $91 level, marking a substantial pullback from its 12-month peak of $211.48, yet ins
The post Dana White Announces Huge New Contract For Record-Setting Veteran appeared on BitcoinEthereumNews.com.
NEWARK, NEW JERSEY – MAY 09: UFC President and CEO Dana White speaks with media after the UFC 328 event at Prudential Center on May 09, 2026 in Newark, New Jersey. (Photo by Michelle Farsi/Zuffa LLC) Zuffa LLC Ageless UFC veteran Jim Miller must have impressed Dana White. White was asked after UFC 328 which fighter’s performance in New Jersey shifted his plans moving forward. White said no one shocked him in that way, but he called out the amazing co-main event that saw Joshua Van defeat Tatsuro Taira to retain the UFC flyweight championship. White also announced a new five-fight deal for Miller, who also won one of the $100,000 performance bonuses for his submission win over Jared Gordon. The bonus and new commitment seems to have come at a great time for Miller. Key Facts at a Glance Announcement: New five-fight contract extension for Jim Miller, announced by Dana White at
The post Institutional Investors Have Purchased 64,000 Bitcoin in the Past Month appeared on BitcoinEthereumNews.com.
Institutional Investors Have Purchased 64,000 Bitcoin in the Past Month – Bitcoin Sistemi
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The post Beyond Speculation: Binance Reveals How Crypto Is Transforming Emerging Markets appeared on BitcoinEthereumNews.com.
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Binance highlighted areas where crypto has driven financial inclusion, namely access to capital markets and the democratization of private markets through tokenization. ‘;
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The post How Important Are Global Saving Imbalances? appeared on BitcoinEthereumNews.com.
Global imbalances are smaller than they were in 2007, but they have not disappeared. getty Few topics in international economics dominated the policy conversation of the early 2000s as completely as global saving imbalances. The fear at the time was that the United States had become the borrower of last resort for the world’s excess saving, running current-account deficits on a scale that could not continue indefinitely, and that when the imbalance unwound, the adjustment might be abrupt and ugly. Two decades on, the imbalances are smaller and the rhetoric is calmer, but the underlying economics has not gone away. To see why, it helps to begin with an accounting identity. In an open economy, the current account reflects national saving minus domestic investment. A surplus country saves more than it invests at home and sends the difference abroad. A deficit country does the reverse. It invests more
The post Bitcoin: How BTC’s $80K stayed intact despite $268M ETF outflows appeared on BitcoinEthereumNews.com.
The Spot Bitcoin [BTC] Exchange Traded Funds (ETFs) had a great start to the month of May. On the 1st of May, BTC ETFs recorded inflows worth $629.8 million, wherein BlackRock’s IBIT recorded inflows worth $284.4 million. Following the trail was Fidelity’s FBTC, which recorded inflows worth $213.4 million. Interestingly, while many asset managers saw zero flows, Morgan Stanley’s MSBT, which is fairly new to the game, recorded inflows worth $4.5 million. Going forward, almost similar patterns were seen on the 4th and 5th of May. Bitcoin ETFs flipped from inflows to outflows On the 6th of May, ETF inflows fell as cumulative inflows reached $46.2 million, driven by IBIT’s $134.6 million. However, heavy outflows from FBTC, Bitwise’s BITB, Franklin Templeton’s EZBC, and Grayscale’s GBTC offset most of the gains, leaving net inflows minimal. Source: Farside Investors The actual pl
Binance highlighted areas where crypto has driven financial inclusion, namely access to capital markets and the democratization of private markets through tokenization.
