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Finance
FSC urges securities sector to restore core functions, discusses expanding risk capital supply
South Korea’s Financial Services Commission held a consultative body meeting with comprehensive investment finance companies, SME-focused brokerages and policy lenders to discuss ways to strengthen risk-capital supply, improve related rules and support exit markets. The FSC said seven firms with risk-capital obligations supplied 99 trillion won in the first quarter, up 20 trillion won from the previous quarter. It also outlined plans to expand SME-focused brokerage designations, incentives and evaluation rules, build an intermediation platform and step up oversight of leverage investment risks.
Crypto
Arthur Hayes says bitcoin could reach $125,000 by year-end, cites U.S. liquidity expansion
BitMEX co-founder Arthur Hayes forecast bitcoin could reach $125,000 by the end of the year, citing expanding U.S. credit, higher defence spending and policy structures supporting the Treasury market. Hayes said changes to the enhanced supplementary leverage ratio reduced reserve burdens for major banks, with S&P Global estimating the adjustment could enable about $1.3 trillion in new lending. He also cited shifting market focus and expectations for continued liquidity.
Industry
Tmap Auto tops 1 million cumulative vehicle installations after 14 years
Tmap Mobility said on Tuesday that cumulative vehicles fitted with its in-car navigation solution, Tmap Auto, exceeded 1 million. It marked 14 years since it first supplied a navigation solution to automakers. The company said its infotainment strategy, integrating an AI agent, apps and content, helped drive growth. Tmap Mobility said it supplies more than 20 auto brands and plans to advance Tmap Auto into an AI mobility agent.
