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Crypto
U.S. long-term yields shock hits bitcoin, raising liquidity pressure risk
Bitcoin is facing a direct shock from rising U.S. long-term interest rates after the 30-year Treasury yield topped 5.3 percent for the first time since 2007. Market participants cite concern over the U.S. fiscal path and a jump in corporate bond issuance tied to expanding AI investment. Galaxy Digital reported crypto collateralised lending has fallen sharply from its peak. DeFi borrowing has also dropped, while futures open interest has risen again.
Crypto
BitBox hardware wallet urged to update after firmware security flaws found
BitBox, a hardware wallet widely used among bitcoin users, has fixed 2 major firmware flaws and users have been urged to update immediately. Dogecoin community figure Mishaboar called on BitBox users to upgrade their firmware after the company released its Dixence security update. BitBox said internal audits found and fixed several issues, warning that exploitation could allow installation of malicious firmware and theft of funds after unlocking the device.
Mobility
Kakao Mobility upgrades end-to-end autonomous driving model, steps up Gangnam edge-case collection
Kakao Mobility will expand its autonomous driving operations in Seoul’s Gangnam district by increasing its Seoul Autonomous Car service fleet to 6 vehicles from 2 starting Aug. 20. It will also extend routes to protected zones for vulnerable road users. The company aims to collect more data on unexpected situations and feed it into AI training. Kakao Mobility said it has verified end-to-end autonomous driving technology and improved perception and processing speed.
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AI & Enterprise
KT joins domestic AI firms to bid for 'AI for Everyone' project
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Games & Commerce
Kakao marks two years of fair trade compliance program, steps up companywide embedding
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Industry
IBK Industrial Bank of Korea donates 200 million won for heavy rain recovery
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Telecommunications & Media
Apple's September lineup takes shape as unreleased product codenames spotted in macOS Tahoe code
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AI & Enterprise
AI context layers meant to curb wrong answers linked to higher error reporting
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AI & Enterprise
Hudson AI to provide AI dubbing for SBS' 'Penthouse' and 'Taxi Driver'
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Industry
Tesla short sellers made $9 billion, but current profit or loss is unclear
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Crypto
Bitcoin volatility plunges; VanEck sees possible bottom this fall
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Crypto
Buterin mentions Bitcoin credit in Ethereum UTXO review, Cardano founder bristles
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Telecommunications & Media
KAIT revamps DIAT 'Information and Communications AI Literacy' test
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Crypto
Citi to launch bitcoin custody service, integrate with stock and bond platform
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Mobility
Tesla HW3-to-HW4 self-swap draws attention despite company warnings
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Crypto
Japan's Metaplanet seeks to set up 'Superplanet' treasury platform with 2,100 bitcoin investment
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Industry
Anthro Energy breaks ground on U.S. battery materials plant to pave way for all-solid-state batteries
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Finance
KB Kookmin Bank's KB Kookmin Certificate users top 18 million