Global investors’ interest in South Korea’s economy and capital markets has “clearly changed” for the better in recent years, the country’s top finance ministry official said, as the won prepares to shift to round-the-clock trading on July 6, according to Bloomberg.

SK hynix CEO Kwak Noh-jung said on July 2 that the company plans to invest 72.7 billion won in Cheongju to expand its NAND production and advanced packaging facilities. According to Odaily, he made the remarks at a public report meeting on the vision for advanced industrial development in the Chungcheong region. Kwak said SK hynix will allocate 58.2 billion won to the M17 plant, which produces NAND, and 14.5 billion won to the P&T7 advanced packaging plant. The M17 project is scheduled to begin construction next year, with production targeted for the first half of 2029. The P&T7 facility is planned for completion by the end of 2027.

The Grass Foundation has launched a rewards inquiry portal for Phase 2 participants in its decentralized bandwidth-sharing network, allowing users to log in and view their estimated reward amounts. According to Foresight News, the rewards cover users who participated by sharing bandwidth during Phase 2 from Epoch 1 to Epoch 19, spanning October 14, 2024, to June 8, 2026. Rewards will be distributed in USDC. Claims will open starting July 22 at 9:00 PM (UTC+8) and will remain available until the deadline of January 22, 2027. The report said any rewards not claimed by the deadline will be retained by Grass.

India’s decision to allow banks to fund acquisitions could hurt private credit funds by squeezing returns in one of their most lucrative businesses, according to Bloomberg, citing Moody’s Ratings.

Vietnam’s central bank said the Vietnamese dong has come under pressure as the U.S. dollar strengthens. According to Jin10, a deputy governor of the State Bank of Vietnam said the central bank will work to stabilize the foreign exchange market.

Ark Invest bought $18 million worth of Circle Internet Group shares through its funds yesterday. According to NS3.AI, Circle is the issuer of USDC, the world’s second-largest stablecoin. The report said Circle’s stock, CRCL, closed at $61.95 yesterday and is down about 41% over the past month.

An analyst said the Reserve Bank of Australia (RBA) faced significant challenges ahead of its next interest-rate decision, as recent communications suggested the policy rate might still need to rise. According to Jin10, GSFM investment strategy adviser Stephen Miller said the minutes from the RBA’s June policy meeting and recent remarks by Governor Michele Bullock indicated that further increases in the policy rate could still be required. Miller said this reflected an inability by the government to help the RBA fight inflation through supportive structural policies. He added that the central bank was trying to balance structural inflation factors with cyclical vulnerabilities, creating multiple challenges for policymakers.

Tether CEO Paolo Ardoino said the company has not applied for a license under the European Union’s Markets in Crypto-Assets (MiCA) framework, arguing the regulation is “very dangerous” for stablecoins. According to ChainCatcher, Ardoino said MiCA could force stablecoin issuers to hold 60% of their reserves as uninsured cash deposits in smaller European banks, which he said may be unable to handle large-scale redemptions. Ardoino described the legislation as poorly considered and said Tether’s decision to skip MiCA was intended to protect its more than 400 million users.

The Round of 32 delivered extraordinary drama on July 1. England needed Harry Kane's late heroics to avoid a shocking exit against DR Congo. Belgium pulled off one of the greatest comebacks in World Cup history, overturning a two-goal deficit to beat Senegal in extra time. Co-hosts USA advanced comfortably despite playing the final stretch with ten men. England 2-1 DR Congo England were 15 minutes from a humiliating World Cup exit before captain Harry Kane took over. Brian Cipenga's early strike gave DR Congo a deserved lead, and goalkeeper Lionel Mpasi produced a string of magnificent saves to keep England at bay. Kane finally broke through in the 75th minute, heading home Anthony Gordon's cross. With four minutes remaining, the captain collected the ball on the edge of the box, turned, and lashed a stunning winner past Mpasi for his fifth goal of the tournament. England now face co-hosts Mexico at the Azteca Stadium. Belgium 3-2 Senegal (AET) Senegal appeared to be cruising into the last 16 after goals from Habib Diarra and Ismaila Sarr gave them a commanding 2-0 lead. But Romelu Lukaku, written off after an injury-plagued club season, sparked Belgium's rescue with an 86th-minute finish. Three minutes later, Youri Tielemans headed in Leandro Trossard's cross to force extra time. Then came controversy: a VAR review penalised Lamine Camara's challenge on Tielemans, and the captain converted the 125th-minute spot-kick — the latest goal in World Cup history. Senegal's heartbreak was complete. USA 2-0 Bosnia-Herzegovina Folarin Balogun gave the hosts a first-half lead, but his night soured when he was sent off for an unfortunate challenge on Tarik Muharemovic with 26 minutes remaining. Down to ten men, the Americans defended resolutely before Malik Tillman sealed the win with a curling free-kick that crept inside the post. Bosnia pushed for a way back, with Amar Memic and Kerim Alajbegovic both going close, but couldn't find a breakthrough. The USA's first knockout win since 2002 sets up a last-16 meeting with Belgium in Seattle. — Upcoming Matches for July 2 (all times ET): 3PM ET — Spain vs Austria, SoFi Stadium, Los Angeles 7PM ET — Portugal vs Croatia, BMO Field, Toronto 11PM ET — Switzerland vs Algeria, BC Place, Vancouver

Artificial intelligence, computing power, meta, chips, Meta made a decision. Storage prices plummeted. Golden Finance: A news item shattered the narrative of a "perpetual shortage" of chips.

Europe has once again been hampered by its massive bureaucratic system, almost completely excluding AI and related supply chains. In the crypto market, it has the thickest rules but receives the smallest share of the pie.

Warsh stated that the Federal Reserve's massive balance sheet is approaching the characteristics of a fiscal tool, and restoring it to a normal size will be a long-term process, with interest rates remaining the main policy driver. Wall Street expects that actual balance sheet reduction will not occur until 2027 at the earliest.

The dramatic price fluctuations of STRC are a natural and crucial part of the cryptocurrency cycle. The market may be very close to its bottom.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 3107, providing you with the latest and fastest news on the digital currency and blockchain industry.

In 2011, Bitcoin stood in two worlds simultaneously for the first time: one world focused on hashes, private keys, blocks, computing power, and the longest chain; the other world focused on exchanges, drugs, donations, law enforcement, password leaks, user losses, and public opinion.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse.

Stablecoins, Circle, OUSD: From Circle to OUSD: The Offense and Defense of the Stablecoin Sector - Jinse Finance. In the stablecoin sector, who are the original startup teams?

Artificial intelligence: A 30 million yuan investment in Suzhou 18 years ago has grown into the lifeblood of AI. Golden Finance: Suzhou's most profitable investment occurred during the global financial crisis.

This could be the beginning of a shift in stablecoins from being "issuer-driven" to being "payment network-driven".