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South Korean crypto exchange Bithumb introduces a securities firm as a shareholder, with Kiwoom Securities seeking to take a stake via private placement.

2 hours ago

South Korea's Kiwoom Securities is in talks with crypto exchange Bithumb regarding a private placement of new shares, intending to take a stake by subscribing for new shares; the specific shareholding ratio and investment amount are still under negotiation. After Samsung, Mirae Asset, and Korea Investment & Securities, another major securities firm has joined the race for stakes in the crypto exchange. Against the backdrop of this potential stake acquisition, South Korea's financial regulators are advancing the second-phase reform of the Virtual Asset Act, which proposes setting a cap of 20% on shareholdings of major exchange shareholders in principle, with exceptions allowing up to 34%. Bithumb's current largest shareholder, Bithumb Holdings, holds a 73.56% stake, and would face significant pressure to reduce its holdings if the rules take effect. Bithumb is currently advancing its KOSDAQ listing plan, with Samsung Securities as the lead underwriter, and is boosting its valuation by splitting its core trading business and new business segments. Whether Kiwoom Securities' private placement constitutes pre-IPO strategic financing, and how the deal aligns with the listing timeline, are expected to be core issues in the transaction structure. Bithumb stated that it is currently exploring cooperation with financial institutions and enterprises across various possibilities, with no specific plan finalized yet.

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BIS: AI May Face Four Long-Term Development Paths, Insufficient Demand Could Become Key Factor Limiting Growth

According to a new study released by the Bank for International Settlements (BIS), AI is poised to break the pattern where traditional technological revolutions only boost labor productivity, and could reshape long-term economic growth trajectories by enhancing knowledge creation capabilities. The study identifies four potential future scenarios for AI: status quo, limited productivity gains, demand bottleneck, and transformative AI. If AI can continuously improve its own capabilities, both economic growth rates and natural interest rates are expected to rise significantly above historical levels. However, AI development will not necessarily accelerate indefinitely. As automation continues to replace labor, the share of labor income may decline, and consumer demand may struggle to keep pace with expanding production capacity. If enterprises perceive insufficient future market demand, they may reduce ongoing investments in AI innovation and automation, leaving technological progress constrained by demand rather than technology itself. The BIS notes that under this "demand bottleneck" scenario, insufficient final demand will become the primary constraint on long-term economic growth, while the long-term impact of AI will still depend on multiple factors including technological breakthroughs, income distribution, and demand evolution.

1 seconds ago

Recent whale liquidation threshold: If Bitcoin (BTC) continues to fall below $58,000, a certain whale's $16.3 million long position will be liquidated.

According to Hyperinsight monitoring, an address (0x9311) on Hyperliquid holds a heavily leveraged long position on Bitcoin. Currently, it has opened a 40x long position of approximately 272.7 BTC, with a nominal value of around $16.3 million, at an average entry price of roughly $60,519, and a liquidation price of $57,640. Bitcoin is currently trading at $59,720, and this long position has an unrealized loss of about $210,000 (-50%). The whale’s liquidation line is only ~3.5% (roughly $2,085) away from the current price, making it the BTC address with the closest liquidation level among all whales holding tens of millions in positions on Hyperliquid. If Bitcoin falls another ~3.5% from current levels, breaking below $57,640 (the $58,000 threshold), this $16.3 million long position will trigger forced liquidation. Amid Bitcoin’s continued weakness in recent trading, the address added to its losing position to average down its entry cost. The latest addition occurred on June 29, when it opened additional long positions at $59,347; the position has been gradually built up since June 24 via thousands of trades. HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain news.

1 seconds ago

High-leverage DRAM Index whale just $2.7 from liquidation, $5.19M in long positions on the brink of liquidation.

According to Hyperinsight’s monitoring, the DRAM index tracking spot memory prices has corrected from its high amid spillover from South Korean storage sector sell-offs, falling around 6% in 4 hours and currently trading at $70.68. A large whale (0x7b5) on the Hyperliquid platform opened a position at the start of the month, entering a long position with 20x leverage and adding to it via rolling positions, resulting in its liquidation price hanging above the average entry price. The liquidation line stands at $68, only about 3.8% (roughly $2.7) away from the current price, with a position size of $5.2 million. Among on-chain large positions on the platform, the average entry price of long positions is around $70.12, while that of short positions is approximately $68.35. The notional size of short positions is roughly 2.35 times that of long positions, indicating an overall bearish sentiment. The largest short is the "Storage Chain Short Main Force" (0x4e23), which is shorting the entire storage chain (including Micron, SanDisk, and Western Digital). It holds a $14.29 million DRAM short position with 6x leverage (average entry price: $77.73, opened on June 24), with an unrealized profit of $1.47 million as of now.

1 seconds ago

Robinhood’s prediction market revenue is expected to surpass its cryptocurrency revenue in the second quarter.

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Robinhood forecasts its market revenue will surpass cryptocurrency revenue in the second quarter.

Robinhood’s prediction market platform business is growing rapidly, with the firm’s annual run rate revenue reaching $500 million, according to Steven Quirk, the company’s chief brokerage officer. For the second quarter ended June 25, Robinhood’s active contract trading volume hit roughly 12.3 billion contracts. At a standard rate of 1 cent per contract, the prediction market revenue for the quarter is projected to be at least $1.23 million. Its recently launched Rothera prediction market platform generated over 900 million trades in its first week, driving nearly 60% growth in Robinhood’s active contract trading volume. Meanwhile, cryptocurrency trading volume has declined due to weak institutional activity, with second-quarter crypto revenue expected to come in below $134 million. Prediction market revenue is on track to overtake crypto as Robinhood’s faster-growing revenue source as early as this quarter.

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ANSEM deployer creates a token with over $120 million market cap, may have only profited $5,500

According to Lookonchain’s monitoring, ANSEM token deployer “yHCxHB” spent $6,300 to deploy ANSEM and purchased 792.45 million ANSEM tokens. The deployer then transferred 650 million ANSEM to @blknoiz06, sold the remaining 142.45 million ANSEM for $11,800, and ended up with a total profit of just $5,500.

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