The equity exodus from South Korea and Taiwan highlights vulnerabilities in emerging markets, potentially shifting investor focus to alternative assets.
The post South Korea, Taiwan lead $46B emerging market equity exodus in June appeared first on Crypto Briefing.
The post South Korea Super-App Toss to Run Won Stablecoin Pilot on OP Stack appeared on BitcoinEthereumNews.com.
Optimism says Toss is the fourth regulated financial institution in a year to pick the OP Stack, after Bitpanda, Kraken and Mitsui. Toss, the South Korean fintech app with roughly 30 million registered users, is testing a Korean won stablecoin on Optimism’s OP Stack, Optimism said on X Wednesday. The proof of concept also involves Sunnyside Labs, whose “Privacy Boost” tool is meant to shield transaction data on a public blockchain while preserving compliance access. Optimism, the company behind the OP Stack framework used to build layer-2 networks, called the tie-up the fourth time in a year a regulated financial institution has adopted the OP Stack in a new market, following Bitpanda’s Vision Chain in Europe, Kraken’s Ink in the US and Mitsui’s Zipangcoin in Japan. Kyle Jenke, chief business officer at OP Labs, said the pilot is “about demonstrating that the OP Stack can me
Gyeonggi's stablecoin trial could enhance regional financial autonomy and privacy, influencing global stablecoin infrastructure strategies.
The post South Korea’s Gyeonggi Province to test stablecoin for public payments in August appeared first on Crypto Briefing.
The post SK Hynix Marks Record-Setting U.S. Debut Today appeared on BitcoinEthereumNews.com.
Topline South Korean chipmaker SK Hynix will begin trading on the Nasdaq on Friday, after completing the largest U.S. share sale ever by a foreign company, marking the third-largest debut on record following SpaceX’s record-setting listing last month. South Korea’s SK Hynix raised $26.5 billion in its listing, making it one of the largest trading debuts ever. AFP via Getty Images Key Facts SK Hynix disclosed in a filing Thursday it would issue 177.9 million American depository receipts (ADRs), or certificates representing ownership of shares in a foreign company, priced at $149 each under the ticker “SKHY.” One common share will be represented by 10 ADRs, priced at $1,490—and that’s slightly higher than the company’s Seoul-based listing, which ended Friday at about $1,450. SK Hynix raised $26.51 billion through its ADR offering, the company disclosed, making it the largest U.S. share sale ever
Taiwan's blacklist of shadow fleet ships highlights the geopolitical tensions and potential disruptions in regional maritime trade.
The post Taiwan blacklists dozens of shadow fleet ships tied to North Korea smuggling networks appeared first on Crypto Briefing.
SK hynix, a supplier of advanced memory chips, has seen profits skyrocket thanks to the global race to build AI datacentres
South Korean chip maker SK hynix set pricing for its mega US listing on Friday, aiming to raise $26.5bn as it takes advantage of the AI boom in what will be one of the world’s biggest ever stock sales.
The Asian semiconductor giant plans to issue the equivalent of about 18m shares on Wall Street’s tech-heavy Nasdaq index later in the day.
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The high yield on South Korea's 50-year bonds may shift investor focus from riskier assets, impacting capital allocation in crypto and venture sectors.
The post South Korea auctions 50-year Treasury bonds at 4.345% yield, signaling macro headwinds for risk assets appeared first on Crypto Briefing.
Heightened cross-strait tensions could destabilize global markets, impacting technology supply chains and increasing geopolitical uncertainties.
The post Taiwan’s radar system tracks PLA ballistic missile launch, raising fresh geopolitical risks for markets appeared first on Crypto Briefing.
