South Korean investigators are attempting to arrest President Yoon Suk Yeol for alleged treason and abuse of power following his failed imposition of martial law, leading to a stand-off at his residence with supporters rallying outside. Yoon was impeached by parliament last month and faces questioning over possible insurrection, with analysts urging acting president Choi Sang-mok to resolve the situation. The political turmoil has impacted South Korea’s economy, prompting officials to consider an extra budget to boost consumption and take measures to stabilize financial markets.
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Is This 1 New Reason to Buy Bitcoin, or 1 New Reason to Be Cautious?
Bitcoin's (BTC) price stability is notable given its volatility, especially amid significant purchases by large holders like Strategy (MSTR), which recently bought $555.8 million of Bitcoin, adding to a previous $285.5 million acquisition. Strategy now holds approximately $36.5 billion in Bitcoin, representing 2.5% of the total supply, which could create upward pressure on prices due to reduced availability. However, potential risks exist if Strategy, funded through debt and equity, must sell its assets in a...
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