Bitcoin Digital Gold: Larry Fink’s Crucial Endorsement Amidst Currency Concerns

BitcoinWorld Bitcoin Digital Gold: Larry Fink’s Crucial Endorsement Amidst Currency Concerns The financial world is buzzing with a significant shift in perspective from one of its most influential figures. Larry Fink, the CEO of BlackRock, the world’s largest asset manager, has publicly endorsed Bitcoin digital gold . This crucial declaration signals a growing mainstream acceptance of cryptocurrency, especially as a hedge against economic instability. Larry Fink’s Transformative View on Bitcoin Digital Gold Larry Fink’s journey with Bitcoin has been quite remarkable. Initially, he viewed Bitcoin (BTC) with skepticism, even considering it a tool for illicit activities like money laundering. However, the unprecedented economic shifts brought on by the COVID-19 pandemic prompted a profound re-evaluation of his stance. This change of heart highlights a growing understanding of blockchain technology’s underlying strength and its potential. Past Skepticism: Fink once saw Bitcoin primarily as a means for illicit transactions. Pandemic Catalyst: The global economic response to COVID-19 spurred a re-assessment. New Perspective: He now recognizes the robust nature of blockchain technology. During an interview on Citi’s YouTube channel, as reported by Bitcoin Magazine on X, Fink openly shared his evolved view. He now firmly considers BTC to be a form of Bitcoin digital gold , capable of safeguarding assets against the erosion of fiat currencies. This endorsement from such a prominent financial leader is a game-changer for the cryptocurrency market. Why the Shift? Understanding Currency Debasement What exactly led to Fink’s dramatic change of opinion? The concept of currency debasement is central to his new perspective. Fiat currencies, issued by governments, can lose value over time due to various factors, including inflation, quantitative easing, and economic policies. When governments print more money or increase national debt, the purchasing power of existing currency often diminishes. This debasement directly impacts savings and investments, leading individuals and institutions to seek alternative stores of value. Historically, gold has served this purpose, acting as a reliable hedge against inflation and economic uncertainty. However, in the digital age, Bitcoin digital gold is emerging as a compelling alternative. Fink’s comments underscore a broader concern among investors about the long-term stability of traditional financial systems. Therefore, the search for assets that maintain their value independently of government policy is intensifying. Bitcoin Digital Gold: A New Economic Paradigm? The idea of Bitcoin as ‘digital gold’ is not new, but Fink’s adoption of this term gives it significant weight. Like traditional gold, Bitcoin has a finite supply (capped at 21 million coins), making it inherently scarce. This scarcity is a key factor in its potential to act as a store of value, much like precious metals. Moreover, Bitcoin’s decentralized nature means it operates independently of central banks and governments. This autonomy offers a unique advantage for those looking to protect their wealth from political interference or economic mismanagement. The underlying blockchain technology provides transparency and security, making transactions immutable and verifiable. Benefits of Bitcoin digital gold as a hedge: Scarcity: Limited supply of 21 million coins. Decentralization: Operates outside government control. Security: Powered by robust blockchain technology. Portability: Easily transferable across borders digitally. Navigating the Future: Challenges and Opportunities for Bitcoin Digital Gold While the endorsement from a figure like Larry Fink is undeniably positive, the journey for Bitcoin digital gold is not without its challenges. Regulatory clarity remains a significant hurdle in many jurisdictions, impacting its widespread adoption. Market volatility also presents risks, as Bitcoin’s price can experience rapid fluctuations. However, the opportunities are immense. Institutional interest, as evidenced by BlackRock’s own initiatives (such as their spot Bitcoin ETF application), continues to grow. This increasing institutional involvement could bring more stability and liquidity to the market, further solidifying Bitcoin’s role as a legitimate asset class. As the world becomes more digitized, the appeal of a decentralized, secure, and scarce digital asset will likely only increase. In conclusion, Larry Fink’s shift in perspective from skeptic to advocate for Bitcoin digital gold marks a pivotal moment. His recognition of Bitcoin’s potential as a safeguard against currency debasement highlights a growing understanding of cryptocurrency’s fundamental value proposition. This endorsement not only legitimizes Bitcoin further but also signals a broader acceptance of digital assets in the global financial landscape. As traditional economic models face new pressures, Bitcoin offers a compelling, modern solution for wealth preservation. Frequently Asked Questions (FAQs) What did Larry Fink initially think of Bitcoin? Larry Fink initially viewed Bitcoin with skepticism, considering it primarily a tool for money laundering and other illicit activities. Why did Larry Fink change his view on Bitcoin? His view changed during the COVID-19 pandemic, as he came to recognize the strength of blockchain technology and Bitcoin’s potential to protect assets from fiat currency debasement. What does Larry Fink mean by ‘Bitcoin digital gold’? By ‘Bitcoin digital gold,’ Fink refers to Bitcoin’s role as a store of value and a hedge against inflation and the devaluation of traditional fiat currencies, similar to how physical gold has historically functioned. How does Bitcoin protect against currency debasement? Bitcoin protects against currency debasement due to its finite supply (21 million coins), decentralized nature, and independence from government monetary policies, making it a scarce asset that cannot be easily inflated. Is BlackRock involved with Bitcoin? Yes, BlackRock has shown increasing interest in Bitcoin, notably through their application for a spot Bitcoin Exchange-Traded Fund (ETF), indicating institutional adoption. What are the main challenges for Bitcoin’s adoption as digital gold? Key challenges include regulatory uncertainty, market volatility, and the need for broader public understanding and education about its underlying technology and value proposition. Did you find this article insightful? Share it with your friends, colleagues, and anyone interested in the evolving world of cryptocurrency and financial innovation! Your support helps us bring more crucial insights to light. To learn more about the latest Bitcoin digital gold trends, explore our article on key developments shaping Bitcoin’s institutional adoption. This post Bitcoin Digital Gold: Larry Fink’s Crucial Endorsement Amidst Currency Concerns first appeared on BitcoinWorld and is written by Editorial Team

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Bitcoin’s Sunday Plunge Creates Largest CME Gap in Weeks: What’s Next?

TL;DR Bitcoin futures opened with a massive CME gap, sparking debate on the potential for quick fills near $116,700. Whale dumped 24,000 BTC worth $2.7B, triggering $4,000 price drop and a liquidation cascade. Analysts highlight a $111,900 support zone, with deeper levels near $103K if selling pressure continues. CME Gap Formation Bitcoin futures opened with a wide gap on the CME chart, one of the largest in recent weeks. The range stretches from approximately $113,800 to $116,700, following the substantial crash that occurred on Sunday evening. At press time, Bitcoin was at around $111,400, sitting well below the gap zone. $BTC Opened up with a large CME gap today. This is the largest we’ve seen in several weeks. We have been opening up with gaps pretty often and most of these have been filling on Monday/Tuesday. But I always say that it’s good to be aware of these gaps but don’t use them as… pic.twitter.com/t9gzkNNLHV — Daan Crypto Trades (@DaanCrypto) August 25, 2025 Daan Crypto Trades, who has tracked gap behavior over time, explained that these occurrences often close quickly once trading resumes. “These gaps can work well once price starts closing them and gets close to it. But the further away, the less actionable it becomes,” the analyst said. For now, traders are watching whether momentum is strong enough to bring the price back into the gap for a test. Seasonal Trends and Market Conditions Merlijn The Trader pointed to historical performance during September and wrote, “September has wrecked $BTC holders every single cycle. Bleeds, fake pumps, exhaustion. And then comes October. The month of rebounds.” The comment suggests that volatility and drawbacks may persist into September before a potential recovery in October. Bitcoin’s price has declined nearly 3% in the last 24 hours and by the same percentage weekly. Spot trading volumes remain high as markets adjust to short-term resistance and support tests. In addition, Michaël van de Poppe noted that recent price action is similar to earlier liquidity sweeps. “History repeats and we’re likely seeing a dip beneath the recent lows on $BTC. Great area to accumulate positions,” he said. His chart marks $111,900 as a key level where stops may be cleared before a rebound. Resistance zones sit at $114,800, $116,800, and $119,500. Deeper support is located near $103,190 and $100,800. Trading volume has risen during recent declines, suggesting liquidity is being taken before a potential shift higher. Source: X Whale Activity and Liquidations Analyst ZYN linked the recent volatility to a whale transaction. They reported that 24,000 BTC, worth about $2.7 billion, was sold across several exchanges. The move triggered a $4,000 drop within minutes and caused a wave of liquidations. Despite the sale, the wallet still holds more than 152,000 BTC. “This wasn’t a sell off. It was a liquidation trap,” ZYN wrote. “No structural reason to flip bearish, just more proof whales still control the game.” The sharp move suggests that large holders continue to play a key role in short-term price swings. The post Bitcoin’s Sunday Plunge Creates Largest CME Gap in Weeks: What’s Next? appeared first on CryptoPotato .

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Chainlink’s SBI Partnership Could Support LINK Uptrend Amid Record Open Interest

Chainlink’s strategic partnership with Japan’s SBI Holdings ties Chainlink oracle technology to institutional onchain use cases in Japan and the Asia‑Pacific, enabling stablecoin reserve proofs and tokenized real‑world assets —

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Ethereum Foundation’s New Trillion Dollar Security Initiative Aims to Reduce Smart Contract and Wallet Vulnerabilities

Trillion Dollar Security Initiative is an Ethereum Foundation program launched in August 2025 to reduce smart contract vulnerabilities and wallet risks by funding audits, building an open vulnerability database, and

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Altcoin Futures Open Interest Surges to a Staggering New Peak

BitcoinWorld Altcoin Futures Open Interest Surges to a Staggering New Peak The cryptocurrency market is buzzing with activity, and a recent development in the altcoin space has captured significant attention. The daily altcoin futures open interest has not just risen; it has absolutely surged, hitting an unprecedented all-time high of $61.7 billion. This monumental leap, observed on August 22nd, saw an approximate $9.2 billion inflow in a single day, as reported by blockchain analytics firm Glassnode. This rapid expansion of altcoin futures open interest signals a crucial shift in the digital asset landscape. Glassnode highlighted that such swift inflows underscore how altcoins are increasingly becoming the primary drivers of leverage, volatility, and potential fragility across the broader crypto markets. For traders and investors alike, understanding the implications of this surge is paramount. What Does Surging Altcoin Futures Open Interest Truly Mean? When we talk about “open interest” (OI), we are referring to the total number of outstanding derivative contracts, such as futures, that have not yet been settled. A rising open interest, especially in futures, indicates that new money is flowing into the market. In this case, the significant increase in altcoin futures open interest suggests a growing appetite for leveraged bets on altcoins. This surge means more capital is being deployed in speculative positions, often using borrowed funds. While leverage can amplify gains, it equally magnifies losses, introducing a higher degree of risk. The market becomes more sensitive to price movements, with potential for rapid liquidations and cascading effects. Why Are Altcoins Attracting This Unprecedented Leverage? Altcoins, by their nature, often offer higher volatility and the potential for greater percentage gains compared to established cryptocurrencies like Bitcoin. This inherent characteristic makes them attractive to traders seeking amplified returns. Several factors contribute to this increased focus on altcoin futures open interest : High Growth Potential: Many altcoins are tied to emerging technologies or niche sectors within crypto, promising significant upside. Market Sentiment: Positive news or general bullish sentiment can drive speculative interest, leading traders to take on more leverage. Innovation and Narrative: New projects and compelling narratives can attract capital, with futures providing a way to bet on their future success without direct spot ownership. Accessibility: Futures markets make it relatively easy for both retail and institutional players to gain exposure to altcoin price movements with leverage. Navigating the Volatility: What Are the Risks? While the allure of amplified gains is strong, the record altcoin futures open interest also brings substantial risks that market participants must acknowledge. The increased leverage can create a more fragile market environment, where sudden price drops can trigger a cascade of liquidations. Consider these potential challenges: Liquidation Cascades: A sharp price decline can force leveraged positions to close, leading to further selling pressure and an accelerated downtrend. Increased Volatility: Higher leverage often translates to more extreme price swings, making market navigation difficult even for experienced traders. Systemic Risk: If a significant number of altcoin positions face liquidation, it could potentially spill over and impact the broader cryptocurrency market. Market Manipulation: High-leverage markets can be more susceptible to large players influencing prices to trigger liquidations. Actionable Insights for Prudent Trading For those participating in or observing the altcoin futures market, a strategic approach is essential. Understanding the dynamics of high altcoin futures open interest can help in making informed decisions. Here are some practical tips: Risk Management is Key: Always use stop-loss orders to limit potential losses on leveraged positions. Never risk more than you can afford to lose. Monitor Funding Rates: High funding rates in futures markets can indicate an overheated market, signaling potential reversals. Diversify Your Portfolio: Avoid putting all your capital into highly leveraged altcoin positions. Balance with less volatile assets. Stay Informed: Keep a close eye on market news, on-chain data, and analytics from reputable sources like Glassnode to gauge market sentiment and potential shifts. Understand the Underlying Assets: Thoroughly research the altcoins you are trading. Fundamental analysis is still crucial, even in futures markets. A Critical Juncture for Altcoin Futures Open Interest The record-breaking altcoin futures open interest reaching $61.7 billion marks a significant moment for the cryptocurrency ecosystem. It highlights both the immense potential and the inherent risks associated with the burgeoning altcoin market. While it reflects growing investor confidence and the appeal of altcoins for leveraged trading, it also serves as a stark reminder of the increased fragility and volatility that can accompany such rapid inflows. Navigating this environment successfully requires a deep understanding of market mechanics, robust risk management strategies, and a commitment to continuous learning. As altcoins continue to drive a larger share of market activity, staying informed and cautious will be paramount for anyone engaging with these dynamic digital assets. Frequently Asked Questions (FAQs) 1. What is altcoin futures open interest? Altcoin futures open interest refers to the total number of outstanding derivative contracts for altcoins that have not yet been settled. It indicates the total amount of money committed to the market in active positions. 2. Why is a high open interest significant for altcoin futures? A high open interest, especially when rapidly increasing, suggests new capital is entering the market, often through leveraged positions. This can signal increased speculation, potential for higher volatility, and a more fragile market structure. 3. What are the main risks associated with increased altcoin futures open interest? The primary risks include increased market volatility, the potential for liquidation cascades during price drops, and a heightened susceptibility to market manipulation due to amplified leverage. 4. How can traders mitigate risks in a high-leverage altcoin futures market? Traders should prioritize robust risk management, including using stop-loss orders, monitoring funding rates, diversifying portfolios, and staying well-informed about market news and analytics. 5. Does this surge indicate a bullish or bearish trend for altcoins? A surge in open interest itself doesn’t definitively indicate a bullish or bearish trend. It primarily signifies increased market participation and leverage. While it can precede significant price moves in either direction, it also points to heightened risk and potential for volatility. Did this deep dive into the soaring altcoin futures open interest shed light on market dynamics for you? Share this article with fellow crypto enthusiasts and traders on social media to help them understand these critical developments! To learn more about the latest altcoin market trends, explore our article on key developments shaping altcoin price action. This post Altcoin Futures Open Interest Surges to a Staggering New Peak first appeared on BitcoinWorld and is written by Editorial Team

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Ethereum Outpaces Bitcoin: Rising CME Open Interest and Lack of Retail Investors Signal Continued Short-to-Mid-Term Strength

COINOTAG News on August 25 reported that CryptoQuant analyst CryptoMe observed Ethereum displaying a comparatively stronger trend versus BTC in recent trading, highlighting a notable shift in relative performance among

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Ex-Banker Just Leaked Ripple’s NDA: What They Are Building with Trump, BlackRock & JPMorgan on XRP Ledger Will Blow Your Mind

Crypto commentator Stellar Rippler has drawn attention to an alleged leak involving Ripple, major global institutions, and the XRP Ledger. According to the post , an ex-banker operating under the alias @LordBelgrave claimed to have disclosed details of a non-disclosure agreement (NDA) connected to Ripple and UBS. Within the document, one of the most striking revelations is a reference to “Biometric Identity Mapping,” a concept that links digital identity systems to global settlement networks. This detail further expands the narrative around Ripple’s role in building infrastructure beyond payments. Ripple CEO Brad Garlinghouse had previously warned in interviews about governments potentially using advanced technology for identity control, which many observers interpreted as comments directed primarily at central bank digital currencies . The suggestion in this leak is that Ripple may have been developing a broader framework connected to digital identity and global payments all along. (1/ ) AN EX-BANKER JUST LEAKED ONE OF RIPPLE’S NDA. And what they’re building with Trump, BlackRock & JPMorgan on XRPL will blow your mind. Suddenly all their strange moves make perfect sense. No one was supposed to know this pic.twitter.com/5iBPZA81p9 — Stellar Rippler (@StellarNews007) August 24, 2025 Digital Identity, Healthcare, and XRP Integration Stellar Rippler’s commentary points to a growing convergence between financial systems, healthcare, and digital identity infrastructure. A notable example highlighted is the announcement from Wellgistics Health, which introduced an XRP Ledger–based payment system for over 6,500 U.S. pharmacies. The integration of instant payments, compliance mechanisms, and standards signals an effort to streamline both financial and health-related data pipelines. This development aligns with JPMorgan’s previously stated position that digital identity will be the foundation of Web3. The World Economic Forum (WEF) has also emphasized this trajectory in its Blockchain Toolkit, which specifically outlines frameworks for digital identity, compliance tracking, and applications in healthcare and supply chains. Ripple’s ongoing presence at global financial policy discussions, with Garlinghouse seen alongside figures such as Christine Lagarde and representatives from the IMF and SWIFT, further strengthens the case for Ripple’s role in shaping cross-sector digital infrastructure. BlackRock, Trump, and Global Strategy Stellar Rippler drew connections between BlackRock, the Trump administration, and Ripple’s activities on the XRP Ledger. The commentary notes that BlackRock’s $XDNA ETF, launched on July 4th, coincided with the rollout of what was referred to as Trump’s “One Big Beautiful Bill,” which aimed to reduce healthcare costs, along with a broader Digital Health Tech Ecosystem initiative. The implication is that the $XDNA launch on XRPL was deliberately aligned with these policy shifts, positioning XRP Ledger technology as part of a larger healthcare and identity transition. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The suggestion is that Ripple and its partners are laying the foundation for healthcare data and payment systems to operate on-chain. JPMorgan’s push for digital identity integration and Ripple’s continued partnerships in emerging markets reinforce this narrative. Notably, Ripple’s collaborations with Chipper Cash and Onafriq, expanding across Africa and the MENA region, are mentioned alongside the DNA Protocol’s onboarding of laboratories across African nations. According to Stellar Rippler, the combination of an alleged NDA leak, Ripple’s healthcare-related integrations, partnerships across global regions, and institutional alignment with entities, such as BlackRock and JPMorgan, points to a strategic convergence. The emphasis on biometric identity, digital health systems, and compliance standards suggests that Ripple’s role extends beyond payments into the wider domains of healthcare and identity management. Whether these claims prove accurate remains to be seen, but the commentary underlines the extent to which XRP Ledger technology is being linked to global financial, technological, and healthcare infrastructure. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ex-Banker Just Leaked Ripple’s NDA: What They Are Building with Trump, BlackRock & JPMorgan on XRP Ledger Will Blow Your Mind appeared first on Times Tabloid .

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Chainlink expands in Asia with Japan deal: Is $28 finally coming for LINK?

Chainlink’s SBI alliance came as Open Interest hit record highs - setting LINK up for a make-or-break moment.

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South Korean Bitcoin Sentiment: Crucial Survey Reveals Shifting Investor Outlook

BitcoinWorld South Korean Bitcoin Sentiment: Crucial Survey Reveals Shifting Investor Outlook Understanding investor sentiment is crucial in the dynamic world of cryptocurrency. A recent survey offers fascinating insights into the current South Korean Bitcoin sentiment , revealing a notable shift in expectations among local crypto enthusiasts. These findings provide a snapshot of how investors in one of the most active crypto markets perceive Bitcoin’s immediate future and the broader altcoin landscape. What’s the Current Bitcoin Outlook Among South Korean Investors? A comprehensive survey, conducted by Bitcoin World and Cratos between August 18 and 22, tracked weekly trends among South Korean cryptocurrency investors. The results indicate a cooling, yet still significant, bullish stance on Bitcoin’s (BTC) price. Bullish Expectations: Approximately 38.3% of respondents anticipate Bitcoin’s value to increase or significantly jump this week. This figure marks a noticeable decrease from the previous week’s 53.2%. Stable Market Predictions: A growing number of investors, 30.2%, now predict a stable market for Bitcoin, an increase from 24.8% last week. This suggests a move towards cautious optimism or neutrality. Bearish Outlook: Conversely, 31.5% of investors foresee a decline or sharp drop in Bitcoin’s value, up from 22% previously. This indicates a growing segment of the market preparing for potential downside. The evolving South Korean Bitcoin sentiment reflects a more nuanced perspective, moving away from overwhelming bullishness towards a more balanced, albeit still hopeful, view of the market. How Optimistic Are South Korean Bitcoin Investors Overall? Beyond specific price predictions, the survey also delved into the overall market sentiment, providing a broader understanding of investor confidence. The results show a mixed bag of emotions: Optimism Prevails (for some): 35.9% of respondents expressed optimism or extreme optimism about the market. This group remains hopeful despite recent shifts. Neutral Stance: A significant portion, 34.1%, reported feeling neutral. This could indicate a ‘wait and see’ approach, or simply a lack of strong conviction in either direction. Fear and Caution: About 30% of investors expressed feelings of fear or extreme fear. This segment is likely concerned about potential market downturns or increased volatility. These figures highlight the diverse emotional landscape shaping South Korean Bitcoin sentiment . While a third of investors remain optimistic, an equal proportion are either neutral or fearful, suggesting a cautious market environment. What’s Next for Altcoins, According to South Korean Bitcoin Sentiment? The survey also explored expectations regarding an ‘altcoin season’ – a period where alternative cryptocurrencies see significant gains. South Korean Bitcoin sentiment on altcoins is varied, reflecting different strategies and beliefs about market drivers. Utility-Driven Gains: 38.5% of respondents anticipate gains limited to select tokens with strong utility or those linked to Exchange-Traded Funds (ETFs). This indicates a preference for fundamentally strong projects. BTC and ETH Dominance: 28.5% expect the uptrend to remain confined primarily to Bitcoin (BTC) and Ethereum (ETH), suggesting a belief in the continued dominance of the top two cryptocurrencies. Broader Altcoin Rally: 20.7% predict a broader altcoin rally, similar to past cycles. These investors are looking for a more widespread surge across the altcoin market. Rally Has Run Its Course: A smaller group, 12.3%, forecasts a decline, believing that the altcoin rally has already peaked. This breakdown offers a fascinating look into the nuanced perspectives of South Korean investors on the altcoin market, ranging from selective growth to broader rallies or even a potential downturn. The overall South Korean Bitcoin sentiment continues to evolve, reflecting global crypto trends while maintaining its unique local characteristics. In conclusion, the latest survey reveals a complex and evolving picture of South Korean Bitcoin sentiment . While bullishness has tempered slightly, a significant portion of investors remain optimistic, especially regarding utility-driven altcoins. The shift towards more stable market predictions and increased caution highlights a maturing market, where investors are increasingly discerning about their strategies. Understanding these trends is key for anyone navigating the vibrant South Korean crypto landscape. Frequently Asked Questions (FAQs) Q1: What percentage of South Korean investors are currently bullish on Bitcoin? A1: The survey indicates that 38.3% of South Korean investors expect Bitcoin’s value to increase or significantly jump this week. Q2: How has the bullish sentiment changed from the previous week? A2: Bullish sentiment has decreased from 53.2% the previous week to 38.3% this week, showing a notable shift in South Korean Bitcoin sentiment . Q3: What do investors in South Korea expect for altcoins? A3: About 38.5% anticipate gains limited to select tokens with strong utility or ETFs, while 28.5% expect the uptrend to remain confined to Bitcoin and Ethereum. A smaller portion (20.7%) predicts a broader altcoin rally. Q4: What proportion of South Korean investors feel fearful about the market? A4: 30% of respondents expressed feelings of fear or extreme fear regarding the overall market sentiment. Q5: Who conducted this survey on South Korean Bitcoin sentiment? A5: The survey tracking weekly trends among South Korean cryptocurrency investors was conducted by Bitcoin World and Cratos. If you found this article insightful, consider sharing it with your friends and fellow crypto enthusiasts on social media! Your shares help us bring more valuable market insights to a wider audience. To learn more about the latest Bitcoin market trends, explore our article on key developments shaping Bitcoin price action. This post South Korean Bitcoin Sentiment: Crucial Survey Reveals Shifting Investor Outlook first appeared on BitcoinWorld and is written by Editorial Team

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Hoskinson Goes Nuclear On Cardano Foundation: ‘They Squandered It All’

Charles Hoskinson used his latest AMA to unleash his most forceful critique yet of the Cardano Foundation (CF), defending the decision to exclude the CF from claiming Midnight’s NIGHT tokens while outlining aggressive multi-chain partnerships, airdrop mechanics he says could be among the largest ever, and a near-term push around Token2049 and an Asia tour. At the center was the Midnight redemption controversy. Asked “to address the decision to limit the CF from claiming NIGHT tokens,” Hoskinson framed the move as a necessary risk control rooted in the airdrop’s terms. “We built it. It’s my money. We can do whatever the hell we want to do,” he said , adding that the distribution included a disclaimer about “undue burden and harm to the network.” Hoskinson Torches Cardano Foundation He asserted ownership of the CF’s ADA is “not clear,” claiming “the Swiss government stole the ADA,” and warned that letting the CF redeem would introduce an adversarial governance bloc: “They’d come in and instantly be adversarial and assert that they have some sort of governance control. Let somebody else have that NIGHT who’s going to do something more with it.” He escalated further later in the stream: “At what point does the community tell the CF to f*** off […] the free [stuff] they already squandered?” and, when pressed on why to blacklist the Foundation’s addresses, replied, “Why invite a bad actor […] into an ecosystem?” He added to his rant: “I’m out there alone and it’s expensive, guys. Some of these deals with the big guys, they’ve become eight figure deals. […] It’s frustrating because all of our competitors have foundations that in some cases have endowments that are in the billions to tens of billions of dollars and they’re hungry and aggressive, and they’re doing stuff and they’re investing in stuff and they’re really pushing things forward.” Hoskinson also insisted that the Midnight rollout materially benefits Cardano rather than siphoning attention from it, pointing to custody and exchange integrations set up to list both Midnight and Cardano-native assets. “We just announced today the Copper partnership[…] any exchange that uses Copper as a custodian […] can now support that asset. And […] they didn’t just agree to support Midnight. They agreed to support Cardano and Cardano native tokens,” he said, grouping Copper with relationships involving Bitcoin.com, Blockchain.com and Brave. Hoskinson also said IOHK is working with Chainlink on a first-ever UTXO deployment: “We sat down with Sergey [Nazarov] […] They’re skeptical about the engineering cost […] [but] ‘I think we can figure it out.’” The CF critique broadened into a sweeping governance and resourcing indictment. Hoskinson alleged the Foundation “is just not deploying capital in meaningful ways,” noting its absence from recent conferences: “When I was at Salt […] who wasn’t there? The CF. When we were at Rare Evo […] there was no CF booth.” The Midnight Foundation Is Different By contrast, he cast the Midnight Foundation as aggressively commercial—110 deals in the pipeline and “hungry” account management across ecosystems—and pointed to Intersect, Cardano’s members-based body, as the organ that now embodies his original foundation vision: “You already got a members-based organization […] It took two years to build it […] Now just add like $600 million […] and give them four extra years.” He drew a direct line from CF governance to reputational damage: “Members of the organization are low-key soft accusing us of stealing money […] Were there any apologies? Was there any attempt for reconciliation?” The animus with the CF bled into an evidentiary promise. Hoskinson said the audit report is in the final stages—“we’re so close to the release”—intended to “close out a 10-year history lesson from 2015 to 2025,” including “the original contracts with IO […] how much funds were raised […] the sale […] ADA vouching,” and audits tied to the Cardano Foundation. Hoskinson framed it as “complete exoneration on our part,” and “very damning” for the CF’s “recusal […] of their responsibilities,” arguing that the Foundation’s decision to distance itself from Cardano’s origin story “created a lot of problems.” The purpose, he said, is “sunlight”: “You push it all out there […] and I think those conclusions will be very positive and favorable to Input Output.” At press time, ADA traded at $0.8795.

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