Author: James Wilson
South Korean crypto exchanges recorded large capital outflows in the second half of 2025, even as user activity and deposits continued to grow. Summary South Korean exchanges recorded $60 billion in crypto outflows as funds moved offshore in 2025. Exchange accounts rose to 11.1 million and customer deposits climbed despite weaker market conditions nationwide. Profits, trading volumes, and market capitalization fell as crypto prices softened late in 2025 overall. New data from the Financial Services Commission showed that more funds moved to overseas platforms and private wallets during the period. The report also showed weaker profits and lower trading activity…
XRP (XRP) traded near $1.4 on March 25 as the token moved in a narrow range and stayed close to recent support. Summary XRP traded near $1.4 as whale wallets added 40 million tokens during continued market consolidation. March turned into XRP ETFs first net outflow month after strong inflows since their debut. Ripple advanced its RLUSD trade pilot in Singapore while XRP stayed pinned near support levels. XRP traded at $1.42 at press time, with a 24-hour trading volume of $2.1 billion. The token was up slightly on the day but remained down almost 7% over the past week.…
Siren price shot up 127% to $2.34 on Monday morning, becoming the best-performing crypto asset of the day. Summary SIREN surged 127% to an intraday high of $2.34, driven by a sharp rise in futures demand, with open interest jumping nearly 120% to $121 million. The rally occurred without major fundamental updates, with derivatives positioning showing a bullish bias as the long-short ratio remained above 1. The token remains vulnerable to a reversal, with past price action showing a 70% drop from its peak amid concerns over high supply concentration among large holders. According to data from CoinGecko, Siren (SIREN)…
OpenAI has started shutting down the Sora app, a move that marks a sharp pullback from its consumer video push. Summary OpenAI started shutting down the Sora app and said timelines for users would follow soon. Reports said OpenAI is winding down more video products beyond the consumer-facing Sora app too. Sora grew quickly, but deepfake concerns and a stalled Disney deal added pressure over time. On Tuesday, the Sora app account said, “We’re saying goodbye to the Sora app,” and added that more details would follow on timelines for the app, the API, and ways users can preserve their…
Hong Kong lawmaker Johnny Ng says harsh COVID travel rules, not China’s 2021 crypto ban, pushed firms out as Hong Kong and Singapore now compete head‑to‑head as crypto hubs. Summary Hong Kong Legislative Council member Dr. Johnny Ng Kit-chong argued at Consensus HK on March 24 that COVID-era travel restrictions — not China’s 2021 crypto ban — were the primary reason crypto companies departed the city. Hong Kong and Singapore are now described as “neck and neck” for Asia’s top crypto hub position, with Hong Kong having fully opened its doors to retail crypto trading by 2026 following years of…
Balaji Srinivasan’s viral X post argues libertarianism only works with Lee Kuan Yew‑style order, using Singapore to link his crypto, network‑state and U.S. debt theses. Summary Balaji Srinivasan, former CTO of Coinbase and general partner at Andreessen Horowitz, posted a four-line political thesis on March 24 arguing that functional libertarianism requires a pragmatic, order-driven state to underpin it — drawing the largest engagement of any crypto-adjacent post on X in the past 12 hours. The tweet — which accumulated 60.6K views, 185 reposts, 1.3K likes, and 89 replies within hours — invoked Singapore’s founding prime minister Lee Kuan Yew as…
Viral “predictive historian” Jiang recasts Bitcoin as a CIA war‑surveillance tool and hinge of U.S. imperial decline, mixing sharp geopolitical reads with conspiratorial leaps. Summary Viral “predictive historian” ties Bitcoin to U.S. imperial decline and a coming monetary reset Jiang claims BTC is a Pentagon/CIA surveillance weapon even as markets treat it as digital gold Critics say his “predictive history” blends accurate war calls with speculative crypto conspiracies Beijing-based teacher Jiang Xueqin, the self-styled “predictive historian” who shot to fame for forecasting Donald Trump’s return to the White House and a disastrous U.S.–Iran conflict, is now recasting Bitcoin (BTC) as…
Circle (CRCL) sank about 22%, its worst drop since June 2025, after a tougher CLARITY Act draft threatened to ban stablecoin yield, clashing with booming USDC growth. Summary Circle Internet Group (CRCL) stock is trading around $98.71, down about 22% on the day and roughly 18% below Monday’s close, its steepest slide since June 2025. The sell-off follows reports that the latest draft of the U.S. CLARITY Act would sharply limit or ban yield and rewards on stablecoins, directly hitting Circle’s USDC-centric business model. The move wipes billions from Circle’s market value even as USDC circulation and on-chain usage climb,…
High Stakes Capital has fully exited a 602,421 HYPE position for $22.9m around $38, extending a broader wave of profit‑taking among Hyperliquid whales near record highs. Summary HYPE is trading around $38.86 after whale High Stakes Capital fully exited a position worth nearly $22.94 million over 24 hours. The address offloaded 602,421 HYPE at an average price of $38.08, following earlier sales of 300,000 HYPE for $11.45 million at $38.17 each. The unwind extends a broader pattern of profit-taking among large Hyperliquid whales after the derivatives-focused token hit record highs near $40. A major Hyperliquid (HYPE) whale known as High…
Morgan Stanley will let clients trade tokenized versions of U.S. stocks and ETFs on its internal ATS from late 2026, tying into SEC pilots at DTCC and Nasdaq for on‑chain settlement. Summary Morgan Stanley plans to enable tokenized issuance and settlement for selected blue‑chip U.S. stocks and ETFs on its alternative trading system in H2 2026, running alongside traditional shares. The move rides a tokenized stock market that has grown to about $800m in value and $1.8b in monthly volume, with roughly 50,000 monthly active and 130,000 total holding addresses. It fits a broader U.S. shift: the SEC has given…