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Finance
Shinhan Investment expands STO business, fractional investing account management to four platforms
Shinhan Investment Corp has partnered with art fractional investment firm Together Art to expand its account management service for fractional investment platforms to four. It will provide Together Art users with securities account opening and linkage services needed to subscribe to fractional investment products. Shinhan Investment will also act as an account management institution, keeping investors’ deposits in separate accounts to distinguish them from operators’ funds.
AI & Enterprise
PJM to limit power supply to data centres using 50 MW or more
PJM Interconnection, the largest U.S. power grid operator, will cut electricity supply to large data centres and other big power users when power is scarce. The step followed a capacity auction aimed at adding new generation that fell short of its target. The restrictions will apply from June 2027 to data centres using 50 megawatts or more. The programme will operate like a demand response scheme and pay compensation to affected customers.
Finance
KOSPI plunges more than 8 percent; eighth circuit breaker this year
South Korea’s KOSPI slumped more than 8 percent on Monday, triggering a Level 1 circuit breaker on the main board, its eighth activation this year and the 14th on record. The Korea Exchange said the index fell 542.24 points to 6,213.51 from the previous close of 6,755.75, setting off the mechanism at 10:13 a.m. Trading and order-taking were halted for 20 minutes.
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Crypto
Bitcoin mining pool Poolin files for Chapter 11 bankruptcy protection
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Crypto
Barstool Sports founder says he will cash out XRP at $1.40
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AI & Enterprise
U.S. data centres to use 20 percent of power generation by 2035, BNEF sees fourfold rise
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Industry
Ferrari\'s first electric car Luce first unit to go under the hammer, estimate $1.1 million
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Crypto
U.S. court seizes $8.37 million in crypto from ransomware negotiator accused of aiding hackers
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Crypto
Bitcoin shaken by U.S. Treasury yields as safe-haven narrative breaks
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Crypto
Bitcoin seen reaching $80,000 by August; focus on sell orders around $67,000
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Finance
KOSPI triggers level 1 circuit breaker after sell sidecar, 13th time ever
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Finance
Korean banks tighten household loans, cut mortgage limits and strengthen controls
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Finance
KOSPI slumps over 8 percent, circuit breaker triggered after sell sidecar
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Games & Commerce
Valve Steam Machine sells out in Japan; preorder rights resold in U.S. and cheap copies appear in China
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Finance
Leveraged ETF overheating and SpaceX row put investment industry on edge
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Finance
Woori Bank reports 4 billion won financial incident linked to pre-sale scam
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Crypto
MNX, an AI economy-focused decentralised futures exchange, raises $6.4 million in pre-seed funding
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Crypto
Billionaire Tim Draper says quantum computers more of a threat to banks than bitcoin