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Wintermute warns AI-fueled liquidity drain is suffocating Bitcoin

Wintermute says AI stocks are siphoning liquidity from crypto, leaving Bitcoin stuck in high‑volatility, low‑spot demand price discovery as U.S. selling and ETF outflows bite. Summary Wintermute flags a rotation into AI assets, with U.S. counterparties and ETF redemptions driving persistent structural Bitcoin selling.​ Thin spot volumes and elevated leverage leave BTC in “surrender‑style” swings,…

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South Korea launches probe Into Bithumb after $43B “fat-finger” Bitcoin blunder

South Korea’s Financial Supervisory Service (FSS) has escalated scrutiny of major cryptocurrency exchange Bithumb following an unprecedented operational mistake in which the firm accidentally credited customers with tens of billions of dollars’ worth of Bitcoin. Summary South Korea’s Financial Supervisory Service (FSS) has launched a full-scale investigation into Bithumb following a massive $43 billion Bitcoin…

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