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Finance
KOSPI hits record high after wild swing; Samsung Electronics enters global top 10 by market cap
South Korea's KOSPI ended at a fresh record high on June 2 after sharp intraday swings, closing up 0.15 percent at 8,801.49. The index tried to break 9,000 before falling to the 8,500 range, then rebounded late. Individuals and institutions were net buyers, while foreigners sold heavily. Samsung Electronics rose 3.30 percent and maintained a 2,000 trillion won market value, ranking around 10th globally by market capitalisation.
Industry
Nvidia defies big tech hiring slowdown as AI pay levels draw attention
Nvidia is expanding foreign talent recruitment in the United States after receiving about 1,200 H-1B job certifications in the first half of fiscal 2026. This comes as parts of the U.S. tech industry slow foreign hiring amid tighter immigration rules and reduced H-1B sponsorship. Federal filings show high base salaries across roles, including engineers, researchers and directors. The figures exclude stock options and bonuses, but highlight Nvidia’s broad hiring across hardware, software and customer-facing roles.
AI & Enterprise
AI era shifts developers' edge from coding to domain knowledge
As AI coding tools spread and lower barriers to software development, developers' core competitiveness is shifting from programming ability to knowledge that deeply understands specific industries and tasks. Software developer Aaron Brethorst said what matters is not writing code itself but expertise to understand coding structure. Examples include payroll systems where grasping tax rules and deductions is key. The shift is also changing the roles of engineers and domain experts, though critics say instructing and verifying AI outputs requires distinct skills.
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Crypto
Anchorage unveils institutional crypto payment platform to cut pre-funding at exchanges
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Crypto
Bitcoin slides to $70,000 as whales and top traders raise long bets
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AI & Enterprise
OpenAI lawyer shows how ChatGPT can help from drafting policies to sorting email
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AI & Enterprise
GitHub Copilot fully implements token-based billing as users complain monthly limits shrink fast
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AI & Enterprise
Finance CFOs slow AI rollout, warn uncontrolled automation is risky
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Crypto
Binance expands U.S. stock trading abroad, plans tokenised bStocks
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Crypto
Home bitcoin miner hits 3.14 BTC jackpot with 14 rigs
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Crypto
Coinbase restarts rupee transfer service in India
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AI & Enterprise
Japan joins U.S. AI project Genesis Mission to co-invest $1 billion over five years
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Crypto
HYPE spot ETF three-way race takes shape as Grayscale nears Nasdaq listing
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Crypto
What happens before a crypto bull run? Key sign seen in past cycles
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Crypto
Reserves not volume: five most trusted U.S. crypto exchanges in 2026
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Crypto
Hyperliquid extends record run, $105 target discussed
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Crypto
XLM needs 10-fold rise to match XRP market cap, DTCC optimism in focus
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Telecommunications & Media
iPhone 17 Pro Max vs Galaxy S26 Ultra: who wins in ultra-premium phones?