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OpenAI is seeking at least $30 billion in financing at a valuation close to $1.4 trillion. Negotiations remain at an early stage, and the terms may change before a final agreement is reached. This follows the completion of $122 billion in committed financing at an $852 billion valuation in March. CEO Sam Altman recently ruled out the possibility of an IPO in 2026, citing concerns about the pace and safety of AI development. Financing Size and Valuation: OpenAI Seeks $30 Billion, a Significant In
Nobel Prize-winning economist Paul Krugman criticized US Treasury Secretary Scott Bessent on the 29th (local time) in a blog post titled 'The Beclowning of Scott Bessent,' attributing recent surges in US long-term bond yields to prolonged Middle East warfare and oil price-driven inflation. Krugman s
Sooho.io, a digital-asset financial infrastructure firm, hosted the Seoul Digital Money Summit on Sept. 30 and unveiled a strategy to connect with global financial networks. The event aimed to address rising corporate demand for digital asset transactions and simplify connections across multiple
Oracle company RedStone and blockchain platform Kaia published a report titled 'The Seoul Standard' on the 29th, revealing that Korea has experienced 18 consecutive months of stablecoin net outflows totaling $10.4 billion (approximately 14 trillion won). The outflows have persisted since the
According to on-chain data monitoring on September 30, renowned Taiwanese entertainer Machi Big Brother (Huang Licheng) had fully closed his PUMP long positions on the Hyperliquid decentralized trading platform, ultimately realizing a profit of approximately $827,000. The account (address beginning with “0x020ca”) still holds three long positions, including a 25x leveraged ETH long with an unrealized profit of $278,000. The three positions have a combined net unrealized loss of approximately $1.
French government bonds came under renewed pressure on September 29 (local time) as the 10-year yield spread over German bunds widened to 117.86 basis points—the highest level since May 2012 during the eurozone fiscal crisis—amid escalating political conflict over the next year's budget. The French
US Bank Asset Management's chief investment strategist Rob Haworth stated on September 29 (local time) that investors need not fear US Treasury yields rising above 5%, as the increase reflects strong economic growth rather than underlying problems. According to Business Insider, Haworth explained th
Bitcoin was at $83,446 on Sept. 30, continuing to trade within a range. The U.S. Bureau of Labor Statistics (BLS) released its August Job Openings and Labor Turnover Survey (JOLTS), which showed approximately 7.1 million nonfarm job openings (exactly 7,079 thousand). Overall conditions remained stable, with no sharp cooling. According to CME Group estimates, the probability of another FED rate hike at its October meeting remains above 50%. BLS August JOLTS Data: 7.1 Million Nonfarm Job Openings;
Bonanza Factory, a virtual asset compliance company, has expanded its investigative cooperation system connecting domestic Korean law enforcement agencies with overseas virtual asset service providers (VASPs), processing approximately 650 virtual asset-related investigation cooperation requests
Nine Korean bond market experts surveyed by Yonhap Infomax forecast October government bond yields will remain downwardly rigid, with 3-year bonds at 4.07% and 10-year bonds at 4.49%. The consensus reflects concerns over potential Bank of Korea rate hikes and sustained high oil prices. Brent crude f
Australia's central bank raised its policy rate to 4.60% on September 29, marking the fourth hike this year and reaching a 15-year high, while RBA Governor Michelle Bullock signaled that further rate increases may no longer be necessary. The dovish tone prompted Korean bond market participants to re
On September 30, the Seoul bond market is expected to move while monitoring foreign investors' treasury futures trading amid bearish positioning and cautious outlook on favorable indicators. International oil prices fell on news of Saudi Arabia's oil export normalization, with state-owned Saudi
South Korea's Ministry of Finance and Economy will issue 230 billion won worth of retail government bonds in October, with subscriptions opening October 8 through October 15. The ministry maintained the issuance volume from the previous month after last month's allocation sold out following the
South Korean retail investors known as 'Seohaggaemi' net purchased $38.19 million of Meta stocks during Sept 28-29 (inquiry date basis, corresponding to Sept 24-25 settlement date during the Chuseok holiday period), according to Korea Securities Depository data released Sept 30. The buying spree
Kwon Dae-young, Vice Chairman of South Korea's Financial Services Commission, visited the NH Nonghyup Bank Government Seoul Office branch on the 30th to personally enroll in the second round of the National Participation Growth Fund and conduct an on-site inspection of the sales process. Kwon
South Korea's Financial Services Commission Chairman Lee Eok-weon met on September 29 with senior officials from Nasdaq, the Depository Trust & Clearing Corporation, and Hong Kong Exchanges and Clearing to discuss tokenized securities. The FSC announced the meeting on September 30. Lee met with
Deputy PM and Finance Minister Lee Hyung-il announced on the 30th that the government will implement market stabilization measures including emergency buybacks and reduced bond issuance using surplus tax revenue if bond rates rise excessively. Lee made the announcement while chairing an expanded
Korea-US Strategic Investment Corporation distributed a request for proposal (RFP) to major domestic and international securities firms and global investment banks mid-month for its first foreign currency bond issuance. The bond issuance aims to secure funding for annual US investment execution
Samsung Electronics and SK Hynix stocks rose during morning trading on the 30th. Samsung reached 275,250 won (+1.01%) and SK Hynix climbed to 1,808,000 won (+2.44%) as of 9:10 AM according to Korea Exchange data. The gains followed overnight strength in US AI and semiconductor stocks, driven by