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Crypto

Dogecoin hits highest level in months; trend reversal uncertain

Dogecoin climbed to its highest level since June after news that X expanded trading features, rising as high as $0.1059 before sliding. Selling pressure pushed it down to $0.0992, and it closed down 0.62 percent on the day. The move came as risk appetite returned with bitcoin strength and money rotated into meme coins. Derivatives open interest rose about 10 percent in an hour to around $350 million, suggesting leverage played a large role. Technical indicators showed near-overheated conditions, while a long-term dead cross remained in place.

Finance

Brokerages cut domestic branches and step up global push

South Korean brokerages are accelerating overseas expansion as mobile trading prompts further streamlining of domestic branches. As of end-2025, 16 firms operated 93 overseas outlets, up by 13 from a year earlier, while overseas subsidiaries’ net profit rose 67.8 percent. Domestic branches at the top 10 brokerages slipped to 438 as of March 31. Firms are widening foreign omnibus account services and building networks across the United States, Hong Kong, Southeast Asia and India.

Industry

SpaceX shares slide 30 percent; short interest jumps from 8 percent to 13 percent in a day

Short sellers targeting SpaceX are increasing rapidly as the stock falls nearly 30 percent in a short period. Short interest jumped to 13 percent from 8 percent in a day, data showed, with early trading touching 14 percent. Other data suggested about 40 million shares are shorted. Improved share-lending conditions and low borrowing costs are cited as drivers. Options markets also reflect downside expectations, though short sellers face risks if buying resumes.