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#BTC $BTC A viral video circulating on social media claims to show North Korean leader Kim Jong Un delivering an “emotional” speech about Bitcoin. In the video, Kim looks like he’s ordering people to buy Bitcoin at all costs. He seems to be saying: “Take all your money, buy Bitcoin, then take all your time, figure out how to borrow more money to buy more Bitcoin.” Is North Korea’s Kim Jong Un Urging People to Buy Bitcoin? However, this is not an authentic clip of Kim Jong Un. The video is a deepfake that mismatches visuals of the North Korean leader with audio from a speech made by Strategy Executive Chairman Michael Saylor. “There is no second best crypto asset,” the voice says in the video. The video adds, “There’s a crypto asset, it’s called Bitcoin, right? There is no second best, okay?” https://x.com/Vivek4real_/status/1808547049161257058?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1808547049161257058%7Ctwgr%5Ebb06df11b138dfe9fbce6d1f5d5f52f88b4d2ebc%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.cryptotimes.io%2F2025%2F05%2F31%2Fnorth-koreas-kim-jong-un-orders-citizens-to-buy-bitcoin-fact-check%2F The original audio comes from a widely shared clip of Saylor promoting Bitcoin as the superior digital asset. In this speech, he also declares: “Go mortgage your house and buy Bitcoin with it.” The mismatch between the lip movements and the audio in the video, combined with the known source of the speech, confirms the clip is fake. It’s most likely that Deepfake technology used to overlay Saylor’s words onto the footage of North Korea’s Kim Jong Un. This video is a clear example of misinformation in the crypto community. Thus, viewers are urged to verify sources before sharing sensational content. Hence, it’s important to note that the actual speaker in the video is Michael Saylor, not Kim Jong Un.
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#XmasCryptoMiracles Six mutual funds tracking the price of bitcoin (BTC) will debut in Israel next week after the Israel Securities Authority (ISA) granted permission for the products, Calcalist reported on Wednesday. All six will start operations on the same day, Dec. 31, a condition imposed by the regulator, Calcalist said. Final approval for the funds was granted last week. The funds will be offered by Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav and IBI, with management fees ranging from as high as 1.5% to 0.25%. One of the funds will be actively managed, trying to beat bitcon's performance. They will initially transact just once a day, though future products will be able to trade continuously, Globes said in a Tuesday report, citing market sources. The ISA's approval comes almost a year after the U.S. Securities and Exchange Commission (SEC) greenlighted spot bitcoin exchange-traded funds (ETFs) in the world's largest economy, during which the world's largest cryptocurrency has more than doubled to trade near a record high. The U.S. funds have gathered a net $35.6 billion of investor cash.
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#ReboundRally Bitcoin ‘Santa rally’ buyers step in to drive BTC price to $98K Bitcoin (BTC) passed $98,000 after the Dec. 24 Wall Street open as “large spot buyers” lifted deflated BTC price action. Santa rally talk returns as BTC price gains $5,000 Data from Cointelegraph Markets Pro and TradingView showed BTCUSD hitting new local highs of $98,020 on Bitstamp. Up by more than 3% on the day, Bitcoin attracted fresh bids after a shaky start to the week saw a retest of December lows. Commenting on the latest moves, popular X account Exitpump was among the optimists hoping that a “Santa rally” may have come for crypto after all. “BTC Large spot buyers showing up, lfg,” a post stated alongside a chart showing exchange order-book volumes.
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#ReboundRally Bitcoin ‘Santa rally’ buyers step in to drive BTC price to $98K $BTC Bitcoin (BTC) passed $98,000 after the Dec. 24 Wall Street open as “large spot buyers” lifted deflated BTC price action. Santa rally talk returns as BTC price gains $5,000 Data from Cointelegraph Markets Pro and TradingView showed BTCUSD hitting new local highs of $98,020 on Bitstamp. Up by more than 3% on the day, Bitcoin attracted fresh bids after a shaky start to the week saw a retest of December lows. Commenting on the latest moves, popular X account Exitpump was among the optimists hoping that a “Santa rally” may have come for crypto after all. “BTC Large spot buyers showing up, lfg,” a post stated alongside a chart showing exchange order-book volumes.
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#MarketRebound Bitcoin began the week with optimism, reaching a new record high near $108,000, buoyed by positive statements from U.S. President Trump about the crypto's potential as a reserve asset. However, the mood quickly soured midweek as the Federal Reserve’s hawkish stance triggered a significant pullback in the cryptocurrency market, and Bitcoin's momentum stalled. As traders awaited the Fed’s decision, the market had priced in a 25-basis-point rate cut, but uncertainty lingered over Jerome Powell’s speech, which ultimately revealed a more hawkish outlook. Powell’s remarks, particularly his warning about future interest rate cuts and a rise in inflation forecasts, sent shockwaves through risk on assets, triggering a sell-off. His negative comments on Bitcoin also contributed to the decline, with investors fleeing to safer assets.
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