Latest updates, press releases, and insights from the volatile world of digital assets.
South Korea’s benchmark index lost 241.69 points to close at 6,384.24 on Monday, while Samsung Electronics and SK Hynix declined sharply, reflecting investor worries over an AI-driven memory market bubble
Samsung Electronics projects third-quarter operating profit of $80.2 billion, a more than sevenfold rise from the prior year, as demand for memory chips powering AI infrastructure pushes revenue to 195 trillion won
Samsung Electronics will launch USDC stablecoin transfers directly in Samsung Wallet for eligible U.S. Galaxy users starting late October, enabling seamless international money movement without separate apps or crypto complexity
Chipmaker reports 379% year-over-year growth and projects $61.5 billion for the next quarter amid tight supply and long-term customer deals
Samsung Electronics is reviewing a shareholder payout exceeding 100 trillion won, or about $72 billion, after a record quarter driven by AI-related memory demand, with a board decision expected by the end of August
South Korean chipmaker posts double-digit gains following history-making share repurchase plan, while Samsung also rallies amid falling US Treasury yields
Major retailers report sharp increases in unit sales of self-custody devices as the country prepares regulatory changes effective September 1
South Korea’s benchmark index suffered its steepest drop since April on Tuesday, triggering a temporary trading halt amid AI sector pressures and Chinese competition fears that spilled into regional equities and crypto markets
Samsung Electronics announced plans to integrate stablecoins into its Wallet app during the Galaxy Unpacked event, aiming to unify payments, rewards, and digital assets for Galaxy device users worldwide
The Federal Reserve has raised its inflation projections as surging AI infrastructure needs push up costs for chips, energy, and related goods, leaving policymakers divided on the next steps for interest rates
