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ETH 2x leveraged ETF sees $245.82M net buying in South Korea despite 44% loss this year South Korean investors have net purchased 356.2 billion won ($245.82 million) worth of the Ethereum $ETH 2x leveraged ETF, "2x Ether ETF," this year, making it the fourth most purchased…

Crypto analyst links $GPS and $SHELL market maker to Chinese firm Whisper Crypto analyst AB Kuai.Dong (@_FORAB) revealed on X that the market maker for GoPlus (GPS), recently flagged by Binance, is linked to the Chinese firm Whisper. The claim, widely circulated on social media, was reposted by Binance co-founder Changpeng Zhao (CZ) and has gained traction within the community. According to whistleblower AB Kuai.Dong, May Liu, co-founder of the crypto venture capital firm Spark Digital Capital, is central to the market maker scandal involving GPS and MyShell (SHELL). As competition among VCs intensified, Liu established the incubator Web3Port to provide early-stage projects with consulting, branding and VC connections in exchange for 1-3% of their token supplies. She later launched Whisper as a market maker, using it to offload these tokens — effectively a closed-loop pipeline from project incubation to token liquidation. This structure— spanning Spark Digital Capital, Web3Port and Whisper — has reportedly streamlined a process to fast-track projects to Binance listings for years. The whistleblower emphasized that there is no evidence of Binance insiders or bribery being involved, noting that Binance's internal investigation brought the scheme to light. Binance previously announced on its official website that it had suspended the GPS and SHELL market maker’s accounts and confiscated its proceeds, which will be used to compensate affected users.

Whale faces potential liquidation of $135.8M in $ETH on Spark A whale on Spark (formerly MakerDAO) has 65,675 ETH ($135.8 million) at risk. Lookonchain reported on X that the whale's safety margin is low, with a health rate of only 1.05. The liquidation price is set at $1,931.83.

Analyst expects $BTC unlikely to dip below $70K In a recent update on X, Real Vision crypto market analyst Jamie Coutts noted that Bitcoin (BTC) is likely to continue its uptrend instead of dipping below $70,000. This is due to strategic BTC accumulation by countries, potential further purchases by Strategy (MSTR), as well as increased net inflows into spot BTC ETFs. If BTC slips to $60,000, it will be a signal that the fundamentals of the flagship token have altered. "Bitcoin is like playing a game of Chicken with central banks," Coutts stated, explaining that while the recent decline in the value of the U.S. dollar has brought a more optimistic outlook for BTC, the increased U.S. Treasury bond volatility (the MOVE index) and corporate bond spreads could be the main risk factors for the market. U.S. Treasuries are typically considered a key collateral asset in the global financial system, and any increase in their oscillations could unravel trillions of dollars in leveraged positions, the analyst added.