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Finance

Hana Financial Q1 net profit up 7.3 percent to 1.21 trillion won

Hana Financial Group said first-quarter net profit rose 7.3 percent from a year earlier to 1.21 trillion won. It said results exceeded market expectations despite one-off costs including 82.3 billion won in foreign-exchange translation losses, citing a more diversified earnings portfolio, asset growth, cost efficiency and risk management. Core earnings rose 13.6 percent and net interest margin was 1.82 percent. The board approved a 200 billion won share buyback and cancellation and a quarterly cash dividend of 1,145 won per share.

Crypto

Bitmine moves to NYSE main board, expands share buyback cap to $4 billion

Bitmine Immersion Technologies moved its listing to the New York Stock Exchange main board and expanded its share buyback limit to $4 billion. Trading on NYSE began on April 9, while trading on NYSE American ended at the close on April 8. The board unanimously raised the 2025 repurchase authorization from $1 billion to $4 billion, including already executed buybacks. The company has also increased its Ethereum purchases and staking.

Crypto

Five major risks converge for cryptocurrency market as Middle East tensions, ETF review delays and regulation loom

Five risk factors could shake the cryptocurrency market’s direction this week, a report said. Binance Research said Middle East geopolitical tensions, U.S. regulatory variables including stablecoin rules, delays in U.S. Securities and Exchange Commission decisions on cryptocurrency exchange-traded fund applications, major economic data releases and a liquidity gap in equity markets could all act at once. It added that broader risk-asset volatility is rising as stocks fall and oil prices climb.