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Finance
ETF net assets fall nearly 57 trillion won as stocks slump; single-stock leverage swings
South Korea's total ETF net assets fell by nearly 57 trillion won after the domestic stock market slumped following the listing of single-stock leveraged ETFs tied to Samsung Electronics and SK Hynix. Net assets of the 16 related leveraged and inverse products rose from about 4.4 trillion won on launch day to 17.6 trillion won before falling to about 9.92 trillion won. Financial authorities tightened rules, while investors increased net purchases of U.S. stocks.
Telecommunications & Media
Meta social media addiction lawsuit dropped
A social media addiction lawsuit filed against Meta was dropped ahead of a jury trial, ending the case. A report said the plaintiff withdrew the Meta suit a day after reaching a tentative agreement with Snap. Meta said the plaintiff dropped the case without receiving anything from the company. The lawsuit was brought by Florida teenager R.K.C. against Meta, TikTok, Google’s YouTube and Snap.
AI & Enterprise
Anthropic buys up to 2 gigawatts of GPU capacity from AMD
Anthropic has signed a multibillion-dollar deal with AMD to secure up to 2 gigawatts of GPU capacity. SiliconANGLE reported AMD plans to invest up to $5 billion in Anthropic and broadly adopt the Claude AI model in its software development. Anthropic will use AMD’s MI450 series GPUs in systems based on the Helios rack design, with deployment planned from the first half of 2027.
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AI & Enterprise
Alphabet revenue up 24 percent on Google Cloud; free cash flow turns negative on AI investment
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General News
"We support your new beginning" - Letter-writing contest winners announced
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Telecommunications & Media
Rapolabs withdraws application to acquire SK Stoa; broadcast media commission warns of strict review on refiling
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AI & Enterprise
OpenAI model hack of Hugging Face sparks scrutiny over sandbox isolation failure
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Telecommunications & Media
Bamito to overhaul broadcast evaluation rules from scratch
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Industry
Samsung Electronics steps up push into AI smart glasses, unveils two new designs
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Industry
Brighter, longer-lasting Galaxy Watch debuts, adds AI health management
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Telecommunications & Media
Samsung bets on Galaxy Z Fold8 Ultra to defend foldable crown
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Crypto
Movement Labs files for Chapter 11 bankruptcy protection amid MOVE token turmoil
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Crypto
Balance Protocol algorithmic stablecoin Balance Coin plunges more than 99 percent after exploit report
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Crypto
Talos integrates institutional trading tools with Kalshi prediction market
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AI & Enterprise
Glow raises $180 million to build endpoint security that covers AI agents
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Crypto
Bitcoin at half its peak may be a buying chance, Onramp says; urges direct spot holdings
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AI & Enterprise
South Korea launches development of security-focused AI foundation model
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Crypto
Crypto accounts hit 10 million; why crypto still has not changed daily life, industry cites final barrier