South Korean Won: Undervaluation and BOK outlook aid won – BBH

The post BOK Doubles Down on Bank-Led Stablecoins as Deposit Token Pilots Advance appeared on BitcoinEthereumNews.com. The Bank of Korea (BOK) has doubled down on its stance that won-denominated stablecoins should first be issued through bank-led consortiums. According to local reports from Digital Asset and EDaily, the central bank made the comments in materials submitted on Thursday to the National Assembly’s finance committee. Local outlets reported that the BOK called for safeguards, including priority issuance by bank-led consortiums and a statutory policy body involving relevant agencies. The latest comments reinforce the BOK’s months-long push to keep won stablecoin issuance under bank-led structures. The central bank’s stance has divided policymakers and industry groups and contributed to delays in South Korea’s digital asset bill. The BOK also said it plans to continue developing deposit-token use cases in the second half of the year, including support for government subsidy p

The Bank of Korea reiterated its call for bank-led won stablecoin issuance while advancing deposit token pilots, as issuer rules remain a sticking point in South Korea’s digital asset bill.

Rising interest rates in South Korea could dampen crypto enthusiasm, as higher returns on traditional savings reduce the appeal of volatile assets. The post Bank of Korea signals rate hikes as inflation overshoots, and Korea’s massive crypto market should pay attention appeared first on Crypto Briefing.

The post New Zealand Dollar: RBNZ hawkish path supports currency – BBH appeared on BitcoinEthereumNews.com. Brown Brothers Harriman’s (BBH) Elias Haddad reports that the Reserve Bank of New Zealand (RBNZ) delivered a 25 bps hike to 2.50%, largely priced in, triggering an New Zealand Dollar (NZD) rally before gains were trimmed by Middle East tensions. Haddad highlights that the RBNZ sees further Official Cash Rate (OCR) increases as likely, has room to normalize towards a neutral 2.2–4.1% range, and markets price nearly 100 bps of tightening over the next year. Hawkish RBNZ and neutral OCR range “The RBNZ raised the Official Cash rate (OCR) by 25bps to 2.50%, the first hike in three years, and indicated that “further OCR increases appear likely at upcoming meetings.” The RBNZ did not disclose the Committee’s vote split but indicated that the decision to increase the OCR was reached by consensus.” “The RBNZ estimated neutral range is between 2.2% and 4.1%. The swaps curve implies nearly

The post US Dollar Index: Conflict-driven support and rate backdrop – BBH appeared on BitcoinEthereumNews.com. Brown Brothers Harriman’s (BBH) Elias Haddad notes that renewed Middle East tensions are pressuring stocks and bonds while supporting the US Dollar (USD) and Oil. Haddad sees the Dollar Index (DXY) edging higher, with US-G6 two-year yield spreads consistent with DXY slightly above 102.00 and US economic outperformance keeping rate differentials supportive for the Dollar ahead of the FOMC minutes. DXY supported by yields and risk “Re-escalation of the Middle East conflict is weighing on stocks and bonds. Crude oil prices surged and USD inched higher. “ “The US completed yesterday a new round of offensive strikes against Iran and revoked a waiver that allowed the sale of Iranian oil in response to Iran’s attacks on commercial vessels transiting the Strait of Hormuz.” “In our view, the dollar index (DXY) can edge higher. US-G6 two-year bond yields are consistent with DXY trading

The post New Zealand Dollar: RBNZ seen starting rate hikes – BBH appeared on BitcoinEthereumNews.com. Brown Brothers Harriman’s (BBH) Elias Haddad highlights the Reserve Bank of New Zealand (RBNZ) policy decision as the key domestic event, with a first 25 bps hike to 2.50% expected. He notes this could trigger a knee‑jerk New Zealand Dollar (NZD) upswing, supported by improving business and consumer confidence. Markets price roughly 70% odds of a hike and nearly 100 bps of tightening over the next year. Rate hike expectations support NZD “The RBNZ policy rate decision is the domestic highlight (10:00pm New York, 3:00am London).” “We expect the RBNZ to deliver a first 25bps rate hike to 2.50% which can trigger a kneejerk NZD upswing.” “The swaps curve implies 70% odds of a 25bps rate hike today and a total of nearly 100bps of tightening over the next twelve months. That’s roughly in line with the RBNZ policy path projection published in May.” “New Zealand business and consumer confidenc

The listing of OPG in the KRW market could amplify speculative trading, impacting token stability and investor sentiment in South Korea. The post Upbit to list OpenGradient’s OPG token in KRW market on July 7 appeared first on Crypto Briefing.

The Bank of Korea's warning highlights the systemic risks of leveraged ETFs, emphasizing the need for cautious product design to prevent market instability. The post Bank of Korea warns single-stock leveraged ETFs tied to Samsung and SK Hynix are rattling markets appeared first on Crypto Briefing.