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Crypto

Bitcoin shaken by U.S. Treasury yields as safe-haven narrative breaks

Rising long-term U.S. Treasury yields are weighing on bitcoin as stocks and bonds weaken together, undermining the role Treasuries once played in cushioning equity declines. UBS pointed to a 2-month rolling correlation of -0.69 between the S&P 500 and the 10-year yield, the lowest since 1996, suggesting the assets are moving together in an unusual way. Higher 30-year yields, widening deficits and softer overseas demand are worsening long-bond conditions, while bitcoin faces higher opportunity costs and weaker risk appetite.

AI & Enterprise

Institutionalising trust, not tougher regulation, is key to countering false and manipulated information

False and manipulated information is not limited to a handful of users or posts but can spread rapidly through large platforms’ search, recommendation, sharing and monetisation systems, with risks ranging from personal harm to distorted consumer choices and damage to elections. As AI lowers production costs, post hoc deletion and punishment are not enough. A revised enforcement decree under the Information and Communications Network Act seeks tiered responsibilities based on scale and impact, and institutionalises reporting procedures, transparency reports and cooperation with fact-checking bodies.

AI & Enterprise

MSIT releases policy report on talent development in AI era

South Korea\'s Ministry of Science and ICT, the National Information Society Agency and the OECD released a digital transition report on talent development and skills upgrading in the AI era. They held a publication event in Geneva on July 8 on the sidelines of the World Summit on the Information Society. The report analyses digital transition trends and policy issues, and says AI is changing work and boosting productivity.