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Ripple has obtained a full MiCA crypto asset service provider license from Luxembourg's CSSF. This permit allows the company to operate legally across all 30 European Economic Area countries, marking a major step in its European regulatory compliance and expansion strategy for digital asset services.
Read MoreBinance founder CZ responded to the surge of memecoins associated with him on BSC, clarifying he holds no positions and is unfamiliar with these tokens. He interacts with community participants and believes the market will naturally select the best projects.
Read MoreCitigroup has officially become the fifth bank authorized to clear trades in London's vast over-the-counter gold market, the world's largest. This move strengthens Citi's precious metals capabilities and signals potential shifts in the market's clearing landscape and liquidity dynamics.
Read MoreFollowing last week's broad decline, US-listed storage concept stocks staged a collective rebound in pre-market trading. SanDisk led the gains, with major players like Western Digital and Seagate also rising. The rebound raises questions about a potential cyclical turning point for the storage market.
Read MoreING analysts warn that Japan may still intervene to support the yen later this month, despite holding back last Friday. The next potential window is July 16-17, ahead of a Japanese public holiday, with authorities likely to act cautiously given limited FX reserves.
Read MoreUN 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.
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