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Finance

Mitos puts financial security to the test as network separation easing begins

Single-stock leveraged ETFs and ETNs tied to Samsung Electronics and SK Hynix sharpened semiconductor concentration in South Korea\'s stock market, with first-day turnover topping 10 trillion won. Regulators warned investors about amplified losses. Financial firms also stepped up responses to AI-driven cyber threats as the emergence of high-performance AI \"Mitos\" raised concerns about more sophisticated hacking, prompting authorities to review easing and possible full removal of network separation rules.

Finance

Bank of Korea Governor Shin says case for rate hike clear, tightening at right time

Bank of Korea Governor Hyun Song Shin (신현송) signalled a strong possibility of raising the benchmark interest rate, citing continued inflation pressure and more resilient growth than expected. The central bank held its policy rate at 2.50 percent. Shin said inflation is likely to stay above target for some time and growth is improving. He said the timing and pace of any hike will be decided after a comprehensive review of inflation, the economy and financial stability.

Crypto

Bitcoin long-term holdings rise as market watches U.S. monetary policy

Bitcoin long-term holdings rose to about 15.26 million BTC, the highest since August last year. Over the past 30 days, long-term holder wallets absorbed an additional 316,000 BTC, reversing a decline seen late last year. Holdings could rise further as 800,000 BTC moved from Coinbase last year passes the six-month threshold. Attention is turning to upcoming FOMC minutes, with analysts watching for signals on rates and risk sentiment.