Search results for "KIM"
Tuesday
2025/06/10
07:58GoldenOctober2024

Macquarie: South Korean stocks are set to rebound and enter a bull run.

On June 10, Daniel Kim, head of South Korea research at Macquarie Group, wrote in a report on Tuesday that the South Korean stock market is expected to rebound and is expected to enter a bull market. Kim said the current political situation in South Korea is similar to that in 2000 and 2007, when South Korea's presidents were from the Democratic Party. The agency believes that the government of South Korea's new Democratic Party President Lee Jae-myung is likely to implement expansionary fiscal policy and support the stock market. He added that the Democratic Party of Korea (DPK) has been a strong supporter of minority shareholder value and business law reform, which should be positive for the stock market. South Korea's KOSPI closed up 0.56% at 2,871.85 points today, the highest since July 11, 2024. Since the beginning of the year, the index has risen nearly 20%.
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01:30GoldenOctober2024

South Korea is expected to have its bonds included in the FTSE World Government Bond Index, with skepticism from institutions such as Goldman Sachs.

The South Korean government hopes to join the global major bond index next month, but large banks believe it will be difficult to achieve. The South Korean Vice Minister of Finance stated that the government is ready to make adjustments based on investor feedback in the hope of attracting more investors. Goldman Sachs and Nomura predict that South Korean government bonds will not join the FTSE World Government Bond Index until 2025, citing procedural issues and latency risk.
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Saturday
2025/06/07
00:28GateNewsBot

The President of South Korea has appointed the former CEO of Hashed Research as the head of the Policy Office.

Gate News bot message, South Korean President Lee Jae-myung appointed former Hashed Research CEO Kim Yong-bum as the head of the presidential policy office. This position is at the ministerial level and is responsible for formulating national policy directions. Kim Yong-bum previously served as the Deputy Minister of Economy and Finance in the Moon Jae-in administration. Hashed CEO Simon Kim stated: "The Lee Jae-myung administration has taken an open stance on cryptocurrencies and plans to promote a stablecoin pegged to the Korean won to prevent the outflow of national wealth." Simon Kim also mentioned that South Korean regulators are closely watching the U.S. cryptocurrency policies and considering referencing its regulatory model. Source: CoinDesk
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12:00DailyNews

Shengbao Bank Analyst: If BTC falls below the support level of $90690, it may face a larger decline.

The price of BTC has recently fallen. If it falls below the support level of $90690, it may face a larger decline, possibly falling to $73000. Kim Kramer Larsson, an analyst at Shengbao Bank, pointed out that BTC is forming a head and shoulders chart pattern, predicting that the bullish trend may reverse. Currently, the price of BTC is about $94061, down 13.2% from its all-time high.
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Monday
2025/06/02
03:54DailyNews

The share of DEX spot trading volume rose to 25% in May, a record high

In May 2025, the share of DEX spot trading volume reached 25%, setting a new historical high, close to the CEX market share. PancakeSwap ranked first, with a total trading volume of 410.2 billion USD, and it is expected that DEX will surpass CEX by 2028. Kim believes that the rise of DEX benefits from the meme coin craze, the lowering of Wallet thresholds, and the decline in user trust towards CEX.
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12:06DailyNews

Hashed partner: Meme coins need to rely on community faith and sustainable value to survive

PANews 17th February news, Ryan Kim, partner of Hashed, said that despite the collapse of many tokens with Ponzi-like characteristics, some Memecoins still survive. He believes that the survival of these Tokens depends on the enthusiasm of the community and the almost religious belief. Ryan pointed out that in order to exist in the long term, Meme coins need to pursue sustainable and achievable values, such as love, peace, and community spirit, rather than relying solely on short-term speculation and market sentiment.
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01:12GoldenOctober2024

Citibank: South Korea's export rise may gradually slow down in the coming quarters

South Korea's export growth is expected to gradually slow down, with a year-on-year growth rate of around 8% in Q3 2024, around 5%-6% in Q4 2024 and Q1 2025, and 10% in Q2 2024. The high base comparison and the expectation of a slowdown in semiconductor prices may be the main factors. It is expected that by 2025, the average selling prices of NAND and DRAM chips will rise by 30% and 14% respectively.
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17:10DailyNews

KLAY has fallen more than 6% in the past two hours, now trading at $0.1419

Golden Finance reported that the market shows that KLAY has fallen more than 6% in the past two hours, and it is now trading at $0.1419. The market has experienced significant fluctuations, please be prepared for risk control. Earlier news, a South Korean court has issued an arrest warrant for Kim, the founder of Kakao.
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16:24DailyNews

Market news: The South Korean court has issued an arrest warrant for Kim, the founder of Kakao.

According to market news, a South Korean court has issued an arrest warrant for Kim, the founder of Kakao. (Jinshi)
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10:02GoldenOctober2024
June 3, Jinshi Data, Mitsubishi UFJ analysts Ehsan Khoman and Soojin Kim said in a report that considering the increase in idle capacity, the gradual withdrawal of the voluntary production cut of 2.2 million barrels per day has always been the strategy of OPEC+8 member countries. However, the detailed timetable for the withdrawal of production cuts will gradually bring unfavorable information to oil prices.
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00:00GoldenOctober2024

Citigroup: South Korea's GDP growth may slow down in 2025, Central Bank may cut interest rates three more times.

Citigroup analysts pointed out that due to weak economic activity in the first quarter and the impact of new tariffs in the United States, South Korea's GDP growth this year is expected to fall short of expectations. The delay in fiscal stimulus measures will also weigh on the rise, with the GDP growth forecast for 2025 being revised down from 1.2% to 1.0%. The government may launch an additional budget to support the economy, and the Central Bank may cut interest rates three more times in May, August, and November.
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Friday
2025/04/25
18:05GateNewsBot

Stripe has developed a new product based on stablecoin, which has entered the testing phase.

Gate news bot reports that payment company Stripe is developing new products based on its acquisition of the stablecoin service platform Bridge. Developer Jen Kim revealed that the product has entered the testing phase, and the team is collecting user feedback. The product is primarily aimed at markets outside of the US, EU, and UK. According to TheBlock, specific functional details of the product have not yet been disclosed.
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05:36DailyNews

Citigroup: South Korea's Central Bank may cut interest rates faster and by a larger margin

Citigroup economists expect the Central Bank of Korea to cut interest rates faster and by a larger margin to address the weak economic rise. It may cut interest rates by 25 basis points in January, April, and July 2025, and may cut interest rates twice in 2026 to bring the policy interest rate down to 2.00%. The Central Bank of Korea had previously lowered the benchmark interest rate to 3.25% on October 11th.
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00:39DailyNews

New Zealand Justice Minister approves extradition of Megaupload founder Kim Dotcom to the United States

According to a report by Jinse Caijing, Paul Goldsmith, the Justice Minister of New Zealand, announced on Thursday that Kim Dotcom, the founder of the now-defunct file-sharing website Megaupload, will be extradited from New Zealand to the United States after 12 years of legal battles. It is reported that Dotcom has refused extradition since being raided by the FBI in 2012, saying that he has a plan and expressing his love for New Zealand. He is accused by the United States of causing significant economic losses to the entertainment industry.
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20:59DailyNews

Chainalysis: Traditional Money Launderers are starting to create 'massive Money Laundering infrastructure' using encryption networks.

Chainalysis has released a report stating that traditional money launderers are beginning to use encrypted networks to create "large-scale money laundering infrastructure" to launder cash outside of cryptocurrency. These transfers do not come from labeled encryption scams, thefts, and ransomware attacks, but from wallets that are not considered illegal, flowing across blockchains into exchanges in accordance with TradFi compliance department strategies.
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03:02DailyNews
On June 14th, PANews reported that several important issues were discussed by developers at the 135th Ethereum consensus layer core developer meeting (ACDC). According to Christine Kim, from Galaxy Research, the main focuses of this meeting were as follows: 1. New announcement: The Ethereum DevOps team has announced that the ethPandaOps team will take over the maintenance of the Kurtosis module, which is a software package that helps developers launch testnets and related tools. In addition, Tim Beiko, the lead of the EF protocol support, introduced a new process for incorporating EIPs to improve the management efficiency of Ethereum Improvement Proposals. 2. The upcoming Electra v1.5.0-alpha.3: Developers are preparing to release the latest version of Electra in the coming weeks and will discuss the launch time of Pectra Devnet 1 after the release. 3. PeerDAS Progress: PeerDAS, as a network change that enhances node processing capacity for large amounts of data, will be activated on a separate development network to avoid test interference. The launch of PeerDAS Devnet 1 is expected to take place within 2 to 4 weeks. 4. Blob limit discussion: Developers discussed raising the Blob data limit in Ethereum blocks and studied how to decouple the dependency between the Execution Layer (EL) and the Consensus Layer (CL) to allow for more flexible modifications. 5. Updates on SSZ-related EIPs: Multiple client teams have reported progress in implementing SSZ-related EIPs and plan to discuss the development network timeline for these EIPs in the coming weeks. 6. Name for the next consensus layer upgrade: Developers are starting to consider the name for the next upgrade after Electra, and may choose a star name starting with the letter "F", such as Fulu, Felis, Formosa, and Funi.
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01:11DailyNews
PANews reported on May 31st that, according to Christine Kim's summary of the 134th Ethereum consensus layer core developer meeting (ACDC), the meeting mainly discussed the experience and unresolved issues after the release of Pectra Devnet 0. In addition, the meeting also discussed expanding the scope of the Pectra upgrade to include peerDAS and SSZ container code changes. According to the release by Pectra on Devnet 0, the client team has agreed to maintain the proof behavior affected by EIP 7549 unchanged during the hard fork activation period. Then, the developers discussed the pending issues regarding the validator deposit under EIP 6110. Nimbus developer Etan Kissling suggested some minor changes to the implementation of EIP 7549. No one opposed this change. In this week's conference call, the developers weighed the addition of EIP 7688 and PeerDAS in Pectra. Additionally, the developers agreed to discuss the inclusion of EIP 7688 in Pectra in the next ACDC conference call.
Thursday
2025/04/17
16:24DailyNews

Zero Edge founder Richard Kim was arrested for misappropriating investor funds for gambling

According to an indictment filed by the Federal Bureau of Investigation (FBI) in the Southern District of New York on Tuesday, Kim fraudulently lured investors to invest in Zero Edge, a crypto technology company he founded, and subsequently embezzled millions of dollars of investment funds for gambling, and has now paid $250,000 in bail. （CoinDesk）
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12:53GateNewsBot

More than one-fifth of South Korea's public officials hold crypto assets worth 14.4 billion won

Gate.io News bot, the latest survey data from the South Korean Government Official Ethics Committee shows that among the 2,047 officials who are required to disclose assets, 411 have declared holding crypto assets, with a total value of 14.4 billion won (about 9.8 million US dollars). Data shows that these officials hold an average of 35.1 million won (approximately 24,000 USD) in encryption assets per person. Seoul City Council member Kim Hye-young declared the highest encryption assets, amounting to 1.76 billion won (approximately 1.2 million USD). The declared types of encryption assets include Bitcoin, Ethereum, XRP, Dogecoin, and Luna Classic (LUNC), among others. This asset disclosure is based on the requirements issued by South Korean Prime Minister Han Deok-soo in 2023, as well as the bill passed on May 25, 2023, which stipulates that public officials must include encryption assets in their property declaration. Source: Cointelegraph
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14:08GoldenOctober2024

Mitsubishi UFJ: Russia-Ukraine protocol could have a significant impact on natural gas

Mitsubishi UFJ analysts pointed out that the impact of the Russia-Ukraine peace protocol on the natural gas market will exceed that of other commodities, increasing the price of Russian natural gas delivered to Europe and filling up European reserves. TTF prices are expected to come under pressure and could fall below 30 euros.
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10:50DailyNews

South Korean prosecutors have requested a 6-month prison sentence for Congressman Kim Nam-guk, who is suspected of concealing Cryptocurrency Holdings.

Odaily Planet Daily News According to reports, South Korean congressman Kim Nam-kuk may be sentenced to six months in prison for allegedly failing to report his Cryptocurrency Holdings to the government. He is currently being tried in Seoul. According to the Korean media Dong-A Ilbo, although Kim Nam-gu owns 9.9 billion Korean won in digital assets, his total assets reported in 2021 were 1.2 billion Korean won (approximately 834,356 U.S. dollars at the time of writing), and he concealed CryptocurrencyHoldings worth 9.9 billion Korean won in 2022. The prosecutor stated that Kim Nam-guk "obstructed the congressional ethics committee's review of congressional members' assets in a false manner" because he did not declare all of his Crypto Assets holdings. Holding such assets may create potential conflicts of interest for elected officials. 2023
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00:03DailyNews

A South Korean lawmaker has been sentenced to six months in prison for concealing $7.5 million in Crypto Assets

PANews December 18th news, according to Cryptonews, former South Korean Democratic Party member of parliament Kim Nanguo (Kim
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08:58GoldenOctober2024

Mitsubishi UFJ: U.S. rate cut imminent, commodities expected to Rebound

As expectations of a rate cut in the United States increase, investors' interest in commodities will rebound. Although commodities have been one of the worst-performing asset classes in 2024, partly due to weakening fundamentals, low interest rates in a non-recessionary environment have historically been beneficial for commodities, and the start of the Fed's rate cut cycle will boost this situation.
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03:11DailyNews

Johnber Kim was detained and prosecuted for manipulating the Market Cap of the "scam coin" to reach 58.6 million US dollars.

The South Korean police arrested a suspect in the crackdown on Virtual Money crimes, accusing him of the issuance and sale of fraudulent Token 'Grape' with artificially inflated prices, involving a total amount of 80.9 billion Korean won (approximately 58.6 million U.S. dollars), with the estimated profit earned by the criminal group being 21.6 billion Korean won (approximately 15.81 million U.S. dollars).
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Wednesday
2024/12/11
04:07GoldenOctober2024
Kim Jae-sub, another member of the political party of South Korean President Yoon Seok-yeol, said that he will vote to impeach Yoon Seok-yeol.
08:09GoldenOctober2024

Citigroup economist: South Korea's Central Bank may make dovish remarks and maintain the Intrerest Rate unchanged

This article reported the views put forward by Citibank economists: the Central Bank of Korea may maintain the Interest Rate in November and may cut it again within the next three months. Although there are differences within the policy committee on the decision of the Interest Rate, considering the historically high threshold for consecutive interest rate cuts and the uncertainty of US policy, they believe that the majority of the committee supports no rate cut.
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04:36DailyNews

Stand With Crypto supports 18 new House and Senate candidates

The Stand With Crypto Political Action Committee has decided to support 18 House and Senate candidates, including Kirsten Gillibrand, Rick Scott, Dan Goldman, etc., who have shown a deep understanding and commitment to advocating for more progress for cryptocurrency and blockchain innovation in the upcoming elections.
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Sunday
2024/09/15
08:06DailyNews

The upgrade and split of ETH Pectra is expected to be decided at the next Ethereum core developer meeting on September 19.

ETH developers are considering splitting the Pectra upgrade into two separate upgrades, with Prague and Electra possibly being upgraded separately. A decision will be made at the next Ethereum core developer call on September 19.
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