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Crypto

Sh Suhyup Bank to test digital asset custody and security technology with Inpinit Block

Sh Suhyup Bank will work with blockchain firm Inpinit Block to verify whether digital asset custody and security technologies can be applied to banking operations. The bank said it will take part in a proof-of-concept support program run by the Korea Communications Agency and linked to the government’s Deep-tech Startup Project. The project will run through year-end and is aimed at gaining operating experience and exploring expansion into digital asset financial services.

Finance

Brokerage views diverge after KOSPI plunge: near bottom vs cautious on rebound

South Korean brokerages are split after the KOSPI slid below 6,000 in intraday trade, with some urging investors to consider bargain hunting while others warn a sustained rebound may take time. Analysts cited weaker sentiment toward U.S. tech shares, news of Chinese semiconductor advances and Middle East geopolitical risks, but also pointed to fragile domestic market flows. They highlighted heavy foreign selling and key upcoming events including U.S. inflation data and major chipmakers’ earnings.

Crypto

Bitcoin volatility eases, rangebound near $76,500 as U.S. stocks rebound

Bitcoin is extending a rangebound pattern, showing limited gains around $76,500 as volatility eases. After the Federal Reserve raised its benchmark rate, U.S. equities rebounded as dip buyers stepped in, with the S&P 500 and Nasdaq Composite rising. In the bitcoin market, buy and sell liquidity has thickened around spot, reinforcing short-term sideways moves. Analysts cite tighter global liquidity and macro headwinds despite an underlying bullish trend.