South Korea’s Secret Phrase Disaster: $4.8M Stolen!

South Korea’s tax authorities lost $4.8 million of seized crypto after displaying the wallets’ secret phrases in a photo. What a silly, silly thing to do!

South Korea’s tax authorities lost $4.8 million of seized crypto after displaying the wallets’ secret phrases in a photo. What a silly, silly thing to do!
In a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC), the company said it acquired the bitcoin between February 23 and March 1, 2026, spending approximately $204.1 million at an average price of $67,700 per BTC, inclusive of fees and expenses. Because why not throw in some fees for good measure?
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On the daily chart, Bitcoin’s corrective structure is as elegant as a Pasternak poem-rejected at $90,400, it tumbled to $59,900, only to find solace in a high-volume capitulation candle. Since then, it has meandered sideways, a digital Hamlet unable to decide whether to breach the $69,500 to $70,500 resistance band or retreat to the safety of $64,000. Key support? $64,500 to $65,000. Major support? $59,900 to $60,000. The market, it seems, is in a state of existential equilibrium.
And why, you ask, does this strength persist? Ah, because the stars-or rather, the charts-align in a most peculiar fashion. Multiple bounce signals, like whispers in a bureaucratic office, suggest Solana’s price is preparing for a short-term recovery. A 5% bounce, they say, is on the horizon. But beware! If one key level breaks, this modest bounce could transform into a rally as grandiose as a Gogol character’s delusions of grandeur.
Pine Labs, backed by shadowy investors Temasek and Peak XV, is set to unleash its magical prepaid card across nine countries by April. A date as precise as a clockwork mouse, but with more suspense.

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The channel of Bitcoin’s price, once a beacon of hope, now stretches sideways and downward, a labyrinth of lower highs and lows. A fleeting reprieve at the weekend was swiftly crushed by another descent, a cruel reminder that even the most resilient markets are not immune to the weight of despair.

Key support levels: $26, a meager crutch for the damned.
Key resistance levels: $36, the Promised Land-or a trap baited with hubris.
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