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Samsung Electronics Surges 4.1%, SK Hynix Turns Positive on August 11 as KOSPI Rises 0.9%
According to Bitget data, on August 11, Samsung Electronics rose 4.1% intraday while SK Hynix turned positive with a 0.1% gain. South Korea's KOSPI index climbed 0.9% during the same period.
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SK Hynix Halts Bond Purchases, Forces Issuers to Slash Offerings
According to Yonhap Infomax, SK Hynix suspended bond purchases yesterday (Aug 10), notifying issuers one day before their scheduled offering dates. The chipmaker had been a major buyer in South Korea's credit bond market; its withdrawal forced at least one public institution to reduce its planned issuance by approximately 500 billion won, down from initially larger volumes as the issuer had anticipated Hynix demand. SK Hynix's intended purchases were estimated at several hundred billion won. Mar
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Yushu Technology Conducts IPO Lottery Draw on August 11, 10% of Offline Allocation Locked for 6 Months
According to PANews, Yushu Technology held its IPO lottery draw today (August 11) on the Shanghai Stock Exchange's Science and Technology Innovation Board. The company disclosed that the offline allocation reached 25.886 million shares, representing approximately 80% of the offering after strategic placement adjustments. Under the lock-up arrangement, offline investors must commit 10% of their allocated shares (rounded up) to a 6-month lock-up period starting from the stock's listing date, while
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Oraichain Network Halts After EVM Cross-Chain Vulnerability Leads to Unauthorized ORAI Minting on August 9
According to ChainCatcher, Oraichain discovered a vulnerability in its EVM cross-chain transfer pathway on August 9 that resulted in unauthorized ORAI token minting. The network suspended operations starting at 04:00 UTC that day, with bridge contracts, cross-chain routes, and public interfaces restricted. The team is collaborating with partners and centralized exchanges to limit further fund flows and protect affected assets. An investigation and account reconciliation are underway, with plans
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BTC Traders Open Large High-Leverage Positions: 4 Shorts 3,895 BTC, 2 Longs 1,547 BTC on August 11
According to Lookonchain, on August 11, multiple traders opened large high-leverage BTC positions. Four short traders combined shorted 3,895 BTC worth $249.4 million with liquidation prices at $64,600.83, $66,281.28, $66,305.03, and $66,545.09. Two long traders combined longed 1,547 BTC worth $99.08 million with liquidation prices at $61,200.15 and $61,831.74.
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AI Spending Boom Fails to Lift Profit Margins for Most S&P 500 Companies Since ChatGPT Launch
According to Apollo chief economist Torsten Sløk, since OpenAI launched ChatGPT in late 2022, the AI spending boom has primarily benefited tech and telecom companies, but has not lifted profit margins for the broader market. The Magnificent Seven technology giants now have net profit margins of about 25%, up from roughly 15% in late 2023, while the remaining 493 S&P 500 companies maintain margins of approximately 10%, largely flat over the past three years. Sløk noted that AI capital expenditure
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South Korea President Lee Jae-myung Prioritizes Non-Chip AI Sectors Including Small Modular Reactors on August 11
According to Guru Club, on August 11, South Korea President Lee Jae-myung said the country should prioritize non-chip artificial intelligence sectors, including small modular reactors, rather than focusing exclusively on semiconductor advancement.
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Douyin's Doupackage Implements 12% Independent Service Fee on Hotel Orders
According to Guru Club, on August 11, Douyin Life Services introduced an independent fee structure for hotel orders through its Doupackage channel: 11.4% software service fee plus 0.6% payment processing fee, totaling 12%. Responding to discussions about whether the fee constitutes advertising, Doupackage's public relations director Liu Xing clarified: "Doupackage offers no paid promotions and does not charge advertising fees. Merchants cannot influence recommendations or rankings through paymen
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Bithumb Launches STT Voice Support Service, Cutting Average Call Time by 30%
According to Bithumb's official statement on August 11, the South Korean cryptocurrency exchange introduced a Speech-to-Text (STT) based customer support service. The system converts phone call content into real-time text for support agents, enabling them to understand customer inquiries more accurately while reducing manual note-taking during calls. The exchange reported that average handling time (AHT) decreased by approximately 30% following implementation, with first-call resolution rates im
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South Korea Confirms U.S. Investment Funds Won't Draw from Spot FX Market, Uses Existing Reserves Instead
According to Bank of Korea officials on August 11, South Korea's government and central bank confirmed that investment funds for the second-half strategic U.S. investment initiative will not be procured from Seoul's spot foreign exchange market. Instead, funds will be executed within the operational returns of already-held foreign currency reserves. The Korea-U.S. Strategic Investment Company is accelerating preparations, recently recruiting 37 staff for investment project discovery and executio
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Gold Rebounds to $4,400/oz as Fed Rate Hike Expectations Cool
According to Yonhapinfomax, gold recently rebounded to $4,400 per ounce after earlier declining to $4,000, reversing from a previous peak above $5,500 amid geopolitical tensions and dollar weakness concerns. The rebound is driven by fading U.S. Federal Reserve rate hike expectations following July's cooling employment data, weakening U.S. Treasury yields, and dollar depreciation. Central banks, particularly China's, continue steady gold purchases. China's People's Bank expanded its gold reserves
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Arthur Hayes: Fed Balance Sheet Expansion Could Boost Bitcoin Amid Yen Revaluation
According to Foresight News, BitMEX co-founder Arthur Hayes released an article titled "Yen-quake" analyzing yen revaluation and its implications for crypto markets. Hayes argued that the yen is currently undervalued and must appreciate under U.S.-China pressure and domestic Japanese political factors. He identified the most likely solution as Japan's Finance Ministry pledging held U.S. Treasuries to the Federal Reserve via the FIMA repo tool in exchange for dollars, then selling dollars to buy
BTC-1.72%
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South Korea's Supreme Court Proposes New Rules Allowing Courts to Freeze Crypto Assets, Effective October 1
According to CryptoSlate, South Korea's Supreme Court today unveiled a proposed amendment to the Civil Execution Rules that will allow courts to require cryptocurrency exchanges to disclose and freeze a debtor's digital assets within seven days of receiving an order. Once identified and frozen, the court may direct liquidation of the assets to satisfy creditors. The proposal's comment deadline is August 11, with the new rules set to take effect on October 1.
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SK Hynix Stock Drops 15% in Week; JP Morgan Clarifies HBM Pricing, Confirms September Shareholder Returns
According to JP Morgan's August 9 report, SK Hynix stock fell 15% last week, underperforming South Korea's benchmark KOSPI index (down 5%) and Samsung Electronics (down 9%), as markets worried about HBM pricing discounts, shareholder return timing, and the company's 54 trillion won capital expenditure plan. The bank rejected media reports of HBM pricing at a 50% discount, stating the plan is inaccurate. JP Morgan confirmed shareholder returns will materialize by end of September, while the 54 tr
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Brazilian-Listed OranjeBTC Increases Holdings to 3,950 BTC, Ranks 23rd on Bitcoin 100
According to BitcoinTreasuries.NET, Brazilian-listed company OranjeBTC (OBTC3) has increased its Bitcoin holdings by 2 BTC to 3,950 BTC, ranking 23rd on the Bitcoin 100 list.
BTC-1.72%
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Beijing Initiates Level 2 Flood Response on August 11 as Heavy Rain Threatens Seven Districts
According to the Beijing Meteorological Bureau and the city's flood control authority, the Beijing Municipal Flood Control and Drought Relief Command initiated the city-level Level 2 flood response on August 11 at 9 a.m. The meteorological bureau forecast heavy rainfall across most of Beijing from the evening of August 11 through August 13 daytime, with six-hour cumulative rainfall of 100 millimeters and 24-hour cumulative rainfall of 150 millimeters or more. Seven districts—Tongzhou, Daxing, Fa
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ChainCatcher Becomes ENI Super Node, Joins Top 100 Institutions Program
According to ChainCatcher, the news platform has reached a strategic partnership with ENI, a high-performance modular enterprise-grade Layer 1, and joined the Top 100 Institutions program as an ecosystem super node. Both parties will collaborate on global community expansion, on-chain ecosystem development, Web3 infrastructure, industry resource coordination, and market expansion. ENI is a modular Layer 1 designed for large-scale business scenarios, with the Top 100 Institutions program connecti
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SK Hynix Plans 40 Trillion Won Shareholder Return in Q3; Solidigm IPO to Fund Investments
According to Mirae Asset Securities, SK Hynix plans to announce approximately 40 trillion won in shareholder returns within the third quarter of 2026, on August 11. The company is positioning the initial public offering (IPO) of Solidigm, its U.S. NAND flash subsidiary in which it holds 100% equity, as a mechanism to secure additional investment capital for future funding needs.
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Whale Adds 533 BTC to Hyperliquid Short, Reaches 1,313 BTC Position Worth $84M With $251K Unrealized Gain
According to on-chain analyst Ai Yi, a Hyperliquid BTC short position whale added 533.02 BTC early today (August 11) to increase its total holding to 1,313 BTC, valued at approximately $84.02 million with unrealized gains of $251,000. The position, opened at an average price of $64,183, has recovered from previous losses of $811,000 and remains the largest short position on Hyperliquid's BTC market.
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Intel Raises $15 Billion Via First Public Offering in 55 Years to Fund AI Chip Investments
According to Intel's disclosure, the company launched its first public share offering since going public in 1971 on August 10, raising $15 billion to fund artificial intelligence semiconductor investments. The offering marks a historic milestone for the chipmaker, which previously financed expansion through other methods.
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