Core Viewpoint - The competition for stablecoin dominance between South Korea's tech giants Naver and Kakao is intensifying, with both companies leveraging their existing platforms to drive adoption in sectors like K-pop, e-commerce, and webtoons [1][2]. Group 1: Naver's Strategy - Naver is positioned to gain an advantage in the stablecoin market due to its acquisition of Upbit, which is expected to enhance its crypto capabilities [3]. - Naver aims to integrate its stablecoin with its existing e-pay platform, Naver Pay, and the Upbit exchange, potentially launching on the Giwachain blockchain [4][5]. - The stablecoin will also be utilized on Naver's shopping and webtoon platforms, and integrated with its video streaming service CHZZK for content monetization [5][6]. Group 2: Kakao's Approach - Kakao, known for its KakaoTalk app and Kakao Bank, is also exploring stablecoin issuance, potentially leveraging its partnership with Coinone, a competitor to Upbit [7]. - There are speculations about Kakao considering a takeover of Coinone to strengthen its position in the stablecoin market [7].

Bitcoin and companies tied to cryptocurrencies extended a nearly two-month swoon Monday, tracking with a broader market sell-off in technology companies that many see as overvalued. Bitcoin slid 5.6% after being down nearly 12% earlier in the day, settling in just above $86,000. Early Tuesday, it was trading around $86,650. The most-traded cryptocurrency is down about 33% since hitting a record $126,210.50 on Oct. 6, according to crypto trading platform Coinbase. Bitcoin had soared since April in line with ...

Market Overview - The cryptocurrency market experienced a significant selloff on November 21, 2025, with a total market cap dropping 6% to $2.9 trillion, falling below the $3 trillion mark for the first time in five months, which is a critical psychological level for investors [1][5] - Total liquidations reached $1.91 billion, with long positions suffering the most at $1.78 billion compared to $129 million in shorts, indicating a heavy bias towards bullish positions among traders [3][20] Major Liquidations - Bitcoin led the liquidations with $960 million, followed by Ethereum at $403 million, with the largest single liquidation being a $36.78 million BTC position on Hyperliquid [2][4] - A total of 391,000 traders lost positions during this selloff, highlighting the widespread impact on the market [3][4] Price Movements - Bitcoin fell to $81,050, its lowest level since April, while Ethereum dropped below $2,900, marking a 10% decline [4][17] - Other major tokens like Solana, XRP, and Binance Coin experienced losses ranging from 20% to 35% from their November highs [4][18] ETF Outflows and Market Liquidity - Bitcoin ETFs recorded $3.79 billion in net outflows for November, surpassing the previous record of $3.56 billion in February, with BlackRock's IBIT seeing $2.47 billion in redemptions [9][11] - The outflows significantly reduced market liquidity, exacerbating the selling pressure as fewer buyers were available to absorb the sell-off [11][20] Market Sentiment and Psychological Factors - The Crypto Fear & Greed Index fell to 11, indicating extreme fear among investors, a level not seen since the FTX collapse in November 2022 [4][6] - Market psychology shifted negatively, with even neutral news interpreted unfavorably, contributing to the overall panic [14] Technical Analysis and Support Levels - Bitcoin struggled to maintain the $100,000 level and dropped below $85,000, with analysts warning that falling below $80,000 could trigger significant losses due to institutional buying levels [7][8] - The breakdown of key support levels triggered automated sell orders, creating a feedback loop that accelerated losses [8][20] Comparison to Previous Events - The November selloff, while substantial at $2 billion in liquidations, was less severe than the $19 billion wiped out on October 10, which was driven by a macro shock combined with technical selling [19][21] - The current selloff was characterized as a mechanical deleveraging, with automated liquidations amplifying the downward pressure on prices [20]

Michael Saylor, the executive Chairman of Strategy (MSTR), announced the purchase of an additional 130 Bitcoin for the company for an investment value of $11.7 million. Strategy Adds 130 BTC as Holdings Rise to 650,000 Bitcoins Following the recent purchase, Michael Saylor noted that the company’s total holdings have reached 650,000 BTC. Moreover, the latest purchase comes at an average price of about $89,960 per BTC. The company’s cumulative investment stands at roughly $48.38 billion, with an average ...

Core Insights - Crypto-related stocks experienced a decline as Bitcoin (BTC) fell towards $84,000 during U.S. morning hours, impacting major companies in the sector [1] - The overall market sentiment was affected by signals of potential interest rate hikes from the Bank of Japan, leading to a broader pullback in risk assets [3][4] Company Performance - Shares of Coinbase (COIN), Gemini (GEMI), and Galaxy Digital (GLXY) dropped nearly 6% [1] - Crypto mining stocks such as MARA Holdings (MARA), Riot Platforms (RIOT), and Hive Digital (HIVE) saw declines between 7% and 9% [1] - MicroStrategy (MSTR) fell 11% to its lowest level since October 2024 after announcing a new cash reserve of $1.44 billion and reducing its 2025 profit outlook [1] Broader Market Impact - American depositary receipts of Metaplanet (MTPLF) declined by 10%, while KindlyMD (NAKA) and American Bitcoin (ABTC) fell by 9.9% and 6.7%, respectively [2] - Ether-focused companies like BitMine (BMNR) and SharpLink Gaming (SBET) experienced losses exceeding 10%, alongside Solana-centric firms DeFi Development (DFDV) and Solana Company (HSDT) [2] - The Nasdaq index dropped almost 1%, and the S&P 500 Index fell by 0.3% during the early session [3] Market Sentiment - The unexpected news of potential rate hikes from the Bank of Japan surprised many traders, contributing to the decline in risk assets [4] - Cryptocurrency continues to be viewed as a risk-on asset class, reflecting macroeconomic events continuously [4]

Chinese authorities are renewing their focus on stopping crypto trading in the country amid a new surge in interest in speculative trading. The People’s Bank of China (PBOC) warned that virtual currencies, including stablecoins, do not have the same legal status as legal tender and cannot be used as currency in the market.“Virtual currency-related business activities constitute illegal financial activities,” it said. Its comments came following a high-level meeting last week between the PBOC, the Ministry o ...

Market Overview - The major indices, including the Dow, NASDAQ, and S&P 500, are experiencing downward momentum at the start of the week, with the NASDAQ down approximately 0.8% and the Dow and S&P 500 both down about 0.6% [3][4]. - AI chip stocks such as Nvidia, Broadcom, and AMD are all down more than 1%, with Broadcom nearing a 2% decline [5]. - The cryptocurrency market is facing a significant downturn, with Bitcoin dropping below the $85,000 threshold for the first time in a while, down about 6% in intraday trading and nearly 22% over the past month [6][7][30]. Retail Sales Performance - Retail sales during the holiday shopping season have shown surprisingly solid results, with Black Friday sales excluding autos rising by 4.1%, surpassing last year's growth of 3.4% [14]. - Consumers spent a record $11.8 billion online on Black Friday, marking a 9.1% year-over-year increase, and Cyber Monday is expected to see spending of $14.2 billion [15][18]. - Despite an affordability crisis, consumers are actively seeking deals, particularly in categories like furniture, electronics, and apparel [18][21]. Consumer Behavior Insights - The current consumer landscape is characterized by a "K-shaped" recovery, where high-end consumers continue to spend while low-end consumers face pressure [21][23]. - Retailers that can offer attractive value propositions are likely to perform better, as consumers are concentrating their spending on these companies [22][23]. - The mixed performance of retail stocks indicates that while some companies are benefiting from consumer spending, others are struggling [9]. Cryptocurrency Market Dynamics - The recent downgrade of USDT's stability by S&P Global has contributed to negative sentiment in the cryptocurrency market, with warnings about potential under-collateralization of Bitcoin [10]. - Companies like Robinhood and Argo Blockchain have also seen significant declines, with Argo down over 40% in the past month [8][30]. - The overall risk-off sentiment among investors is leading to a shift towards traditional safe havens like gold and silver, which are experiencing price increases [30]. AI and Technology Sector Outlook - The AI investment boom is expected to continue, with strong revenue growth anticipated for hyperscalers, although there are concerns about a potential bubble [35][39]. - Companies outside the "MAG 7" (Meta, Apple, Google, Amazon, Microsoft) are also expected to benefit from increased AI-related capital expenditures, with a focus on broader sector exposure [52]. - The outlook for earnings growth remains positive, with expectations of double-digit growth across various sectors, including financials and industrials [40][52].

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Welcome to Yahoo Finance's flagship show, Morning Brief, presented by Robin Hood, the home to commission free trading. I'm Julie Hyman. Let's get to the three things you need to know today.First up, US stock futures kicking off December trading in the red. Equities are sliding with risk assets after the S&P 500 barely managed to eek out a seventh straight month of gains. Crypto in particular is under pressure this morning.Bitcoin falling below $86,000 per token, bringing momentum back to the selloff that ha ...

Group 1 - The core viewpoint of the article highlights a significant decline in U.S. cryptocurrency stocks, with notable drops in companies such as Cypherpunk Technologies (CYPH.US) down nearly 9% and Bitmine Immersion Technologies (BMNR.US) down over 8% [1] - The market reaction is attributed to the weakening of Japanese government bond futures, as investors anticipate a potential interest rate hike by the Bank of Japan in December [1] - Following comments from Bank of Japan Governor Kazuo Ueda regarding the discussion of the pros and cons of raising interest rates, market expectations for a December rate hike surged from less than 25% to approximately 80% [1] Group 2 - The global cryptocurrency market reacted swiftly to the news, with Bitcoin briefly falling below $85,000 [1] - Analysts indicate that Bitcoin's focus has shifted from solely monitoring the Federal Reserve to being influenced by global central bank interest rate movements [1]