South Korean cryptocurrency exchange Bithumb mistakenly distributed 
approximately 620,000 bitcoins, worth around $44 billion, to 695 customers 
during a promotional event. The company quickly acted to restrict trading and 
withdrawals, claiming to have recovered 99.7% of the erroneously distributed 
cryptocurrency within 35 minutes of the incident. The exchange emphasized that 
the mistake was not caused […]

South Korea’s Bithumb Exchange Accidentally Sends $44 Billion in Bitcoin to Users

The latest edition of The Economist points out the dangers surrounding the 
greenback, including the unpredictability of the current administration’s 
actions, the prospect of higher inflation, and upcoming rate cuts if Trump’s 
Fed Chair pick, Kevin Warsh, follows Trump’s playbook. The US Dollar Is Now 
Considered a ‘Dangerous’ Asset That Might Upend the Financial System […]

Now It Is Official: Analysts Consider the Dollar a ‘Dangerous’ Asset

Cathie Wood’s ARK Invest sold 134,472 Coinbase shares across three ETFs while 
buying over 393,000 shares of crypto platform Bullish.

ARK extends Coinbase selling streak with another $22M sale, adds Bullish

Bitcoin is in a bear market and is “getting swept up” with the rest of the 
macro assets, Bitwise CEO Hunter Horsley declared during a television 
interview.

Bitcoin under $70K gives institutions a ‘new crack of the apple’: Bitwise CEO

Polymarket’s parent company has submitted multiple trademark applications for 
“POLY,” indicating a strategic move toward launching a native cryptocurrency 
token for its prediction market platform. The filings represent a significant 
potential expansion of the company’s business model, exploring new 
monetization strategies amid the evolving cryptocurrency landscape. The 
trademark applications come at a critical time for […]

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