IntoTheBlock explains why Bitcoin’s price fell after ETF approval

IntoTheBlock provides insights into the unexpected downturn in Bitcoin’s market, particularly following the approval of the Bitcoin ETF. Data shared in a Jan. 19 X post by blockchain analytics firm IntoTheBlock shows that Bitcoin (BTC) prices have decreased by approximately 10% in the past week, a trend that contradicts many market predictions. The firm’s analysis reveals several key...

Langkawi eatery grilled over RM20 ‘ayam goreng kunyit’

ALOR SETAR: The Domestic Trade and Cost of Living Ministry (KPDN) has issued a Goods Information Verification Notice (NPMB) against a food trader who allegedly sold turmeric fried chicken (ayam goreng kunyit) at RM20 per plate at a shop at Pantai Chenang in Langkawi. Kedah KPDN director Affendi Rajini Kanth said the notice was issued under...

‘We won’t burden our customers’

JOHOR BARU: Many food operators here are not planning to adjust the cost of their chicken dishes yet despite the price of poultry having been floated for over a week. Some are even willing to absorb the extra cost should the price not increase beyond RM1 per kg. Food stall operator Sumardi Kasdul has been selling fried...

Johor KPDN completes investigation on roadside restaurant that charged RM1,200 for a meal

JOHOR BARU: The Johor Domestic Trade and Cost of Living Ministry (KPDN) has completed two investigation papers involving a roadside restaurant in Tepian Tebrau that allegedly charged RM1,200 for a meal. Its director, Lilis Saslinda Pornomo, said that the restaurant owner was being investigated for not displaying the prices of food being sold and for profiteering. "Following...

Bread manufacturer asked to justify price increases, says deputy minister

KUANTAN: The Domestic Trade and Cost of Living Ministry has issued a notice asking bread producer Gardenia Bakeries (KL) Sdn Bhd (Gardenia KL) to provide an explanation regarding the price increase of 30 types of its bread range from Oct 1. Deputy Minister Fuziah Salleh said the notice was issued on Wednesday (Sept 27) and the...

RON97 petrol price up by 10 sen to RM3.47 per litre

KUALA LUMPUR: The retail price of RON97 petrol will be higher by 10 sen at RM3.47 per litre, while the prices of RON95 petrol and diesel remain unchanged for the week from Sept 21 to 27. The Finance Ministry in a statement on Wednesday (Sept 20) stated that the prices of RON95 petrol and diesel remained...