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Finance

Korea Fintech Industry Association, FSS check payment risks and internal controls at electronic financial firms

The Korea Fintech Industry Association and South Korea\'s Financial Supervisory Service held a seminar in Seoul to review internal control duties for electronic financial firms, including oversight of sub-payment gateway operators, financial soundness and reporting of transaction terms. The FSS outlined revised supervisory rules covering merchant fee disclosures and new evaluation duties for sub-PGs. Speakers also covered payment risk management, business guidance standards and procedures for drafting and reporting electronic financial transaction terms.

Crypto

Fundstrat\'s Tom Lee says AI investment money shifting from memory chips to Ethereum

Ethereum could be the next beneficiary asset in the artificial intelligence investment cycle, as early signs suggest AI-related money is shifting from chipmakers, especially memory-chip stocks, to Ethereum, an analysis said. Fundstrat\'s Tom Lee cited a 72 percentage-point one-month performance gap between Ethereum and the Roundhill Memory ETF. Fundstrat did not provide direct fund-flow data, prompting calls for further verification.

Industry

Tesla posts record Q2 deliveries but focus turns to profitability in results due July 22

Tesla posted a record level of second-quarter vehicle deliveries, but market attention is on whether higher sales translated into better profitability. Tesla is to release its 2026 second-quarter results after the market close on July 22, with a conference call at 5:30 p.m. ET. Consensus estimates put revenue at $25.9 billion to $26.4 billion and adjusted EPS at $0.52 to $0.53, with wide forecasts reflecting uncertainty over discounting, financing support and margins.