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Ethereum, Ripple Also Decline Impact of Lowered Expectations for US Rate Cuts The price of Bitcoin (BTC) has remained weak for a week, dropping to just above the $110,000 mark. Concerns are growing that the Fed may not cut the key interest rate next
President Xi Jinping of China is expected to miss the ASEAN (Association of Southeast Asian Nations) Summit scheduled to take place in Malaysia this October. According to Reuters on the 22nd, multiple sources familiar with the matter stated that Pres
World's Second Largest USDC Issuer Heath Tarbert, Chief Legal Officer, Visits Korea Former Chairman of the U.S. CFTC Recognized as the No. 2 at Circle "Korea can play a leading role with the introduction of a won-based coin We seek collaboration with
All three major New York stock indices declined. As Walmart’s Q2 earnings disappointed, overall investor sentiment was dampened. The downturn in tech stocks appeared to stabilize. On the 21st (local time) at the New York Stock Exchange (NYSE), the Do
◆ The Three Major New York Stock Indices Closed Lower Together All three major stock indices on the New York Stock Exchange closed lower. On the 21st local time, the Dow Jones Industrial Average ended at 44,785.50, down 152.81 points (0.34%) from the
Significant Drop Expected from Initial 50% Tariff Quantity Subject to Lower Tariffs to be Discussed Later The United States has decided to consider introducing a tariff-rate quota (TRQ) system for certain amounts of European steel and aluminum. As a
Visit to 'MASGA' Philadelphia Shipyard on the 26th Economic delegation including leaders of the four major conglomerates accompanying "Difficult to predict outcome of talks with Trump" President Lee Jae-myung will hold summit meetings with Japanese P
Hyun Song Shin, BIS Economic Adviser and Head of Research Speech at a Session on Central Bank Digital Currencies Local-Currency Stablecoins Could Become a Channel for Capital Outflows CBDCs Presented as the Alternative BOK’s Project Hangang Should Co
Greater Impact on Financial Markets A research study has found that remarks made by central bank chiefs have a greater influence on financial markets than official benchmark rate decisions. Eric Swanson, Professor of Economics at the University of Ca
Deepening 'Decoupling' of Semiconductor Top Two SK hynix declined 12% over 5 days Concerns over decreased HBM market share Counterargument: 'Strong results due to rising demand' Samsung Electronics surged 18% since last month Strength from expectatio
A Difference in Tone from Trump's Announcement U.S. and Europe Begin Security Guarantee Talks Sergey Lavrov, Russian Foreign Minister, warned on the 20th (local time) that discussing security guarantees for Ukraine without Russia's participation woul
"Allegations of mortgage fraud" If resigned, 4 out of 7 Fed directors Filled with pro-Trump figures Donald Trump, the President, on the 20th (local time), demanded the immediate resignation of Lisa Cook, a director at the Fed appointed during the Joe
Shift from 'Digital Asset Ban' The Chinese government is introducing a yuan-based stablecoin. This marks a departure from its previous policy banning digital assets, interpreted as a strategy to expand yuan usage and challenge the dominance of the US
The North Atlantic Treaty Organization (NATO) military leadership held a virtual meeting on the 20th (local time) to discuss security guarantee measures for Ukraine. However, Russia opposed the current Western security guarantee proposals. Giuseppe C
It has been found that the central bank governor’s remarks have a greater impact on the financial market than policy rate decisions. The markets swing depending on what Jerome Powell, Chair of the US Federal Reserve (Fed), and Changyong Rhee, Governo
Following the resignation of Federal Reserve Board Member Adriana Kugler five months before the end of her term, the White House is now pressuring Board Member Lisa Cook to step down. The stated reason is allegations of mortgage fraud involving Cook.
The three major indices of the New York stock market ended mixed for the third consecutive day. Tech stocks faced aggressive selling pressure amid concerns over an AI (artificial intelligence) bubble. On the 20th (local time) at the New York Stock Ex
◆ Kim Keon-hee to appear before special prosecutor for the third time after arrest today... Investigation into Geonjin Beopsa allegations Kim Keon-hee, who is under investigation for alleged violations of the Political Funds Act, will appear for ques
Bonds influenced by policies such as local governments and gas development projects Corporate bonds purchased from companies like The Home Depot, UnitedHealth Group, and Meta Platforms U.S. President Donald Trump has reportedly purchased at least $10
Of the 7 Fed Governors, intention to nominate new members who will support rate cuts Increased legal scrutiny of Democratic politicians and appointees President Donald Trump has intensified pressure on the Federal Reserve by demanding the immediate r
Most of the Magnificent 7 stocks fell by nearly 1~3% Options traders aggressively bought put options on Invesco QQQ Trust Series 1 ETF On the 20th (local time), awaiting the latest minutes from the Federal Reserve Board, New York stock markets saw te
Expectation for Approval of Stablecoin Use After SCO Meeting at the End of This Month Likely Shift in Policy Banning Cryptocurrency Trading and Mining China is reportedly considering allowing the use of yuan-backed stablecoins to expand global yuan a
Trading volume also exceeds 2 trillion yuan for 5 consecutive sessions The Chinese stock market is showing a strong rally. On the 20th (local time), the Shanghai Composite Index rose 1.04% from the previous day, closing at 3,766.21. Shenzhen was up 0
In Taiwan, a group posing as sellers of cryptocurrency and other valuables worth tens of millions of won to a Korean businessman has been apprehended. According to the Central News Agency (CNA) and the Liberty Times in Taiwan on the 20th, a group led
This month, gold spot ETFs have seen a net inflow of ₩55 billion Spot trading volume also up 50% in just one month As the domestic stock market shows sluggish movement, individual investors are shifting their attention to gold investments. With expan
Anxiety ahead of Jackson Hole meeting on the 22nd Bitcoin drops 6% from its peak Cryptocurrency prices, which surged earlier this month, are now undergoing a correction. Over the past week, Bitcoin has dropped about 6% from its high, and both Ethereu
Altman: "Investors Are Overly Excited About AI" MIT: "95% of AI Models Fail to Generate Profits" Nasdaq Rises Over 40% Since April Some Analysts Say the Market Is Taking a Breather Skepticism is spreading over whether the artificial intelligence (AI)
Agreement reached after 5 years since border trade clash The two countries to share hydrological data for flood prevention China and India have agreed to resume border trade and the operation of direct flights. It's been about five years since trade
Wang CAIO: "Superintelligence Is Near" Meta has finalized its artificial intelligence (AI) organizational restructuring after months of talent recruitment. It is reported that the company is now composed of four organizations: large language models (
Growing AI Bubble Concerns in the US Stock Market... 'Madness' vs 'Continued Bull Market' Since 2023, a wave of skepticism has emerged over whether there's a bubble in the artificial intelligence (AI) trend that has driven the stock prices of technol