South Korea's cryptocurrency holdings have been halved in one year, with investors shifting their funds to the stock market.
**May 10 —** The value of cryptocurrency held by South Korean investors has been halved over the past year, dropping from 121.8 trillion KRW ($83.3 billion) at the end of January 2025 to 60.6 trillion KRW ($41.4 billion) by February 2026’s end.
Daily trading volume on South Korea’s top five exchanges also plummeted to $3 billion in February—down from $11.6 billion in December 2024. Korean won deposits on exchanges fell from 107 trillion KRW at the end of 2024 to 78 trillion KRW. The decline is linked to two factors: falling crypto prices and capital inflows into the stock market.
Stablecoins, however, have trended in the opposite direction. Their holdings rose from $60 million in July 2024 to a peak of $597 million in December, before dropping to $41 million in February—a decline far smaller than the overall crypto market’s contraction.
As the market shrinks, regulators are preparing to tighten oversight. The financial watchdog plans to roll out revised Anti-Money Laundering (
12 minutes ago
Russia Says No Plan to Extend Ceasefire at Present
May 10 — Former U.S. President Donald Trump previously expressed hope that Russia and Ukraine would “significantly extend” the ceasefire.
Russian presidential aide Yury Ushakov responded by noting there is currently no plan to extend the May 9-11 ceasefire.
Separately, Russian presidential press secretary Dmitry Peskov said on May 9 that reaching a peace agreement between Russia and Ukraine still has a long way to go, with many complex details involved. While the U.S. is eager to see progress, patience remains necessary right now.
12 minutes ago
Analysis: Retail Investors Did Not Short the Bitcoin Rally This Time, Whales Accumulated a Large Amount of BTC Around $66,000
May 10:
Crypto analyst Murphy posted a note that retail investors haven’t been overwhelmingly shorting Bitcoin’s current trend.
He noted wallets holding fewer than 1 BTC saw their combined balance jump by 23,074 BTC over the past 30 days, with three distinct accumulation phases around $66k, $70k, and $80k. Murphy added most retail investors still active in Bitcoin during this cycle are seasoned “old hands” who’ve navigated altcoin and derivatives cycles.
At the same time, whales holding 10,000+ BTC began massive accumulation around $66k, with their peak balance gain hitting 140,699 BTC over the past 30 days — the largest net growth in nearly two years, signaling clear accumulation behavior.
Murphy stated markets always gravitate toward levels of lower resistance; with stronger support below current levels, prices naturally tend to rise until hitting stronger resistance.
12 minutes ago
Circle will release its Q1 financial report tomorrow before the US stock market opens.
**Circle to Release Q1 USDC Issuer Financial Report May 11**
Per an official announcement, Circle—issuer of U.S. dollar stablecoin USDC—will publish its first-quarter financial report ahead of the U.S. stock market open on May 11. A conference call to discuss results and business progress is set for 8:00 PM Beijing time that day.
Market expectations:
- Q1 revenue: ~$715M (down ~7% QoQ from Q4 2025’s $770M, but up ~11% YoY)
- GAAP EPS: $0.18; adjusted EPS: $0.27
- Average analyst price target: $144.36
In ratings updates:
- Oppenheimer retains an **Outperform** rating with a $152 target
- Needham keeps a **Buy** rating but cuts its target to $130 (from $190)
Per Bitget data: Circle’s market cap is $28.1B, with shares currently trading at $113.67.
### Notes on American English adjustments:
- Used concise phrasing (e.g., "ahead of the U.S. stock market open" instead of "before the U.S. stock market opens")
- Leveraged common abbreviations (QoQ/YoY, EPS) and symb
12 minutes ago
Qatar LNG Carrier Transits Hormuz Strait for First Time in About 70 Days
May 10 — A Qatari LNG tanker has transited the Strait of Hormuz and entered the Arabian Sea, bound for Pakistan, per the latest shipping tracking data from the Maritime Traffic Website (updated May 10).
This marks the first Qatari LNG vessel to pass through the strait in roughly 70 days, since the U.S. and Israel carried out military operations against Iran.
The ship used a new route recently opened by Iranian authorities. It transmitted position data via the Automatic Identification System (AIS) on May 9 (indicating entry into the Strait of Hormuz) before going silent on location signals for an extended period. The May 10 update confirms it has cleared the strait and entered the Arabian Sea.
(Xinhua)
12 minutes ago
Solana-based Meme Coin TROLL Market Cap Surpasses $90 million, Surging Over 77% in 24 Hours
**May 10th**
Per GMGN monitoring, Solana-based meme coin **TROLL** has surged sharply in market capitalization: it surpassed $90 million, peaking at $91.47 million—marking a 77% gain over the past 24 hours. Its 24-hour trading volume hit $12.2 million.
BlockBeats notes that meme coins are extremely volatile, often driven by market sentiment and hype, with no underlying value or real-world use cases. Investors should be aware of the associated risks.
12 minutes ago
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