24/7 Blockchain industry dynamics and breaking crypto news
UN Secretary-General António Guterres warns that AI development is racing ahead of global governance, urging immediate international rules to mitigate profound risks to economies, elections, and security, with special emphasis on protecting children.
Read MoreFormer Japanese vice finance minister Tatsuou Yamasaki suggests the yen could be undervalued by up to 20%, potentially appreciating to 130 per dollar. He warns that market calm shouldn't be mistaken for complacency, as yen shorts risk punitive intervention, with authorities ready to act.
Read MoreSK Hynix plans to list American Depositary Receipts (ADRs) to raise up to 43 trillion won, aiming to bolster its global competitiveness and secure funds for future semiconductor expansion and strategic technology investments.
Read MoreSouth Korea's media regulator is investigating whether Polymarket's prediction markets constitute illegal gambling under local law. The platform has been given a chance to respond before a final decision on potential corrective measures is made.
Read MoreSamsung Electronics announced that employees in its semiconductor business will receive performance bonuses of up to 100% of their base salary for the first half of the year, matching last year's payout. This generous reward comes as surging demand for high-bandwidth memory, driven by the AI boom, fuels record profits. Analysts estimate the division's operating profit could reach 350 trillion won this year.
Read MoreUBS has raised its price forecasts for DRAM and NAND flash memory for the tenth consecutive month, citing sustained supply tightness. The report also significantly increased profit estimates and the target price for Kioxia Holdings, maintaining a "Buy" rating.
Read MoreJapan's persistent positive output gap supports inflationary pressures, providing grounds for potential further rate hikes. Analysts note the stable gap suggests no immediate need for aggressive tightening, though external shocks or rising inflation expectations could accelerate the pace.
Read MoreSMBC Nikko strategist Masahiro Ichikawa forecasts Japan's 10-year bond yield could reach 3% by year-end amid steady economic growth. He also sees further upside for Japanese stocks if government investment spurs private capital spending, with fiscal discipline risks remaining low.
Read MoreOn July 6, Japanese and South Korean stocks staged a dramatic reversal. Both the Nikkei 225 and KOSPI opened strong but erased all gains to close slightly lower. This analysis explores the reasons behind the sell-off after early optimism.
Read MoreAdjusted stablecoin transaction volume surged to a record $1.79 trillion in June 2024, a 63% monthly increase. USDC dominated with 67% share, while the Base network surpassed Ethereum in volume for the first time.
Read MoreOn July 6, USD/JPY surged past the key 162 level, posting a 0.40% intraday gain. This move highlights growing market expectations of widening monetary policy divergence between the US and Japan, with traders watching for potential intervention signals and upcoming economic data.
Read MoreA new poll finds a majority of U.S. voters believe recent military action was 'not worth the cost,' with 44% saying it weakened America's position. President Trump's approval rating fell to 36%, with a sharp drop among independents. Democrats have expanded their lead in congressional voting intent ahead of the midterms.
Read MoreOn July 6, security monitoring revealed that the DeFi protocol Summer Finance suffered a sustained exploit, resulting in the loss of approximately $6 million in crypto assets. The incident underscores persistent smart contract vulnerabilities and the critical need for enhanced security measures across the DeFi ecosystem.
Read MoreJapan's benchmark 10-year government bond yield has surged to 2.815%, reaching its highest point since 1996. This sharp rise breaks the long-standing era of ultra-low rates and signals potential shifts in the Bank of Japan's monetary policy, with significant implications for global capital flows and financial markets.
Read MoreSouth Korea's Supreme Court has revised civil enforcement rules to include virtual assets for the first time. From October 2026, courts can seize crypto holdings, restrict transfers, and liquidate assets through auction. This establishes a legal framework for judicial enforcement in the crypto sector.
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