A South Korean funeral company invested customer funds in leveraged Ether ETFs and now holds a $33 million unrealized loss.
A South Korean funeral company placed some customer funds into leveraged Ether ETFs. The investments have left the firm with a $33 million unrealized loss at present.
Rapportert av AI Bilde generert av AI
Bitcoin and Ether posted their steepest weekly declines since the 2022 FTX collapse as the broader crypto market shed roughly $390 billion in value. The selloff followed a strong U.S. jobs report and mounting concerns over interest rates and competition from AI investments.
Tom Lee's Ethereum portfolio currently shows a $7.35 billion loss following a slump in ETH prices.
Rapportert av AI
Ethereum fell to $1,506, its lowest price since April 2025, as spot ETF outflows exceeded $870 million over four weeks. The decline coincides with rising exchange deposits and deleveraging in derivatives markets.
Digital asset investment products recorded $1.47 billion in outflows last week. Bitcoin funds drove most of the redemptions amid higher interest rate expectations.
Rapportert av AI
South Korean stocks closed sharply lower on June 5 as investors locked in profits from recent tech gains amid uncertainty over U.S.-Iran peace negotiations.
South Korean stocks have doubled in value so far this year.
Rapportert av AI
XRP-linked investment products attracted roughly $42 million in net inflows over the past week. This occurred even as U.S. spot bitcoin ETFs lost more than $1.4 billion and ether funds also shed assets. On-chain data showed a one-day spike of about 4,300 new XRP wallets.