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Washington State Department of Financial Institutions filed charges Sept. 3 against GPD Holdings LLC, doing business as Coinflip, and CEO Benjamin Weiss, seeking to revoke the company's money transmitter license, impose a $1,029,600 fine, and ban both the company and Weiss from the industry. The
Bank of Korea researcher Yoon Jin-woon published a BOK Economic Research Insight report arguing that monetary policy must precisely reflect financial vulnerability and economic agents' expectation formation methods. The report states that high financial vulnerability can amplify shocks to the financ
Anthropic is pursuing an initial public offering in September-October with an expected enterprise value of up to $2 trillion, according to multiple foreign media reports on the 5th. Morgan Stanley and Goldman Sachs are cited as lead underwriters for the offering, which may raise $100 billion. The
Seoul foreign exchange market participants reversed their dollar trading stance between late June and early September, shifting from paying a 0.15 won premium above the market average rate (MAR) on June 26 to accepting a 0.15 won discount on September 4. The USD-KRW exchange rate fell 212 won
Korea Land and Housing Corporation (LH) faces a sharp increase in debt projections according to mid-to-long-term financial management plans released by public institutions, with analysts at Shinhan Investment Securities warning of significant bond market supply pressure. LH's projected debt
The Arbitrum Foundation released its first half 2026 financial report, revealing $6.1 million in income from fees and treasury management. The report coincides with the fifth anniversary of Arbitrum One, the layer-2 scaling solution for Ethereum. The foundation disclosed the figures in a tweet,
The Bank of Korea is expected to hold its benchmark interest rate in October before raising it to 3.25% in November, according to an iM Securities analysis released on September 5. Analyst Kim Myung-sil cited persistent financial imbalance risks including household debt and housing market
Park Jun-woo, a researcher at Hana Securities, assessed that South Korea's 2027 budget proposal avoids the worst-case scenario for the bond market but is more likely to create upward pressure on interest rates than downward. In a report titled '2027 Budget Proposal - The Paradox of Fiscal Balance
Bitcoin defended the $80,000 level despite adverse macroeconomic conditions, dropping to the $77,000 range multiple times from May 31 to June 3 before rebounding to $82,107 at 6:35 AM on June 4, according to CoinGecko data. The recovery occurred as the cryptocurrency approached an estimated
Revolut received conditional approval from the Office of the Comptroller of the Currency for a U.S. bank charter, marking a major step toward becoming a full-service U.S. bank. The U.K.-based fintech company, which serves more than 80 million customers, secured the approval in six months and is
The real-world assets (RWA) market has reached $45 billion, according to Token Terminal, with eight asset classes now exceeding $1 billion each in on-chain market capitalization. The analytics provider confirmed this milestone reflects growing interest in tokenized assets from traditional sectors in
Meritz Securities identified banks as the most favorable sector among Korean financial stocks, ahead of insurance and securities, as the brokerage forecasts rising base rates and a falling won-dollar exchange rate. In a report released on the 6th titled 'Reading Financial Stocks Through Macro
Sangsangin Securities forecasted that international oil prices will average $89 per barrel in the second half of the year, with fourth-quarter prices potentially reaching an average of $91, as volatility increases ahead of US midterm elections in November. Analyst Choi Ye-chan stated in a
KB Securities analyst Kim Min-gyu stated in a recent report that consistent shareholder return policies from major semiconductor companies are drawing attention in the Korean stock market as a key support for stock prices. Samsung Electronics announced a shareholder return plan of approximately 90 t
US Treasury yields paused their sharp ascent on May 3 (local time) after Federal Reserve Governor Christopher Waller signaled willingness to maintain the current policy rate, offering temporary relief to global bond markets. The 10-year US Treasury yield closed at 4.761%, down 3 basis points from th
Korean retail investors purchased $92.96 million of the SGOV ETF (iShares 0-3 Month Treasury Bond ETF) during August 28–September 3, according to Korea Securities Depository data released on September 5. The buying was driven by concerns over prolonged high interest rates. SGOV, which invests in
US stocks declined on September 4 after August non-farm payrolls surged by 162,000 jobs, far exceeding the market estimate of 56,000. The Dow Jones Industrial Average fell 271.86 points to 53,414.25, the S&P 500 dropped 29.11 points to 7,718.60, and the Nasdaq Composite declined 77.07 points to 26,5
South Korea's Financial Services Commission (FSC) relocation to Sejong City has resurfaced as a possibility following a government announcement on the 3rd regarding central administrative agency relocations. The announcement formalized plans to relocate the Ministry of Justice, Ministry of Gender
South Korea's government recommended in August that defined benefit (DB) retirement pension managers set target returns at least matching wage growth rates, according to the Ministry of Employment and Labor and Financial Supervisory Service. As of end-2025, DB pensions accounted for 228.9 trillion w
Investment advisor 쁘띠리치 (Kim Un-ah) delivered a presentation on US growth stock investing at the Money Today 'Single FIRE Money Show' held at COEX on the 4th. The author of 'First Investment in US Growth Stocks' and operator of Naver cafe '재린스라이프' addressed approximately 450 attendees seeking