Headlines

Kospi Falls Below 5,600 in Record Back-to-Back Circuit Breaker as Bitcoin Rises Above $64,000

Key Takeaways Kospi and Kosdaq triggered circuit breakers on Wednesday, Korea’s first-ever back-to-back halt. SK Hynix fell sharply despite reporting a 557% jump in quarterly profit that still missed forecasts. Bitcoin rose about 1% toward $64,000, decoupling from Korea’s selloff for a second week straight. A Record Back-to-Back Circuit Breaker The Korea Exchange halted trading…

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Coinbase Eyes Canada’s ‘Everything Exchange’ but Says Clearer Crypto Rules Must Come First

Coinbase is looking to transform its Canadian business from a cryptocurrency trading platform into a comprehensive digital finance hub, but the company says regulatory modernization will be essential before that vision can become reality. Rather than offering only crypto trading, Coinbase wants to build what it calls an “Everything Exchange”—a single platform where users can…

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Sam Altman is ready to decelerate

OpenAI CEO Sam Altman says that it may be time to “pace” AI development so the world will be ready for it. “We may have to pace the rate of AI development to give ourselves enough time for society to harden around some of these new capability levels,” he told Patrick O’Shaughnessy, the host of…

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SEC Issues VERITAS Guidelines for Blockchain-Based Corporate Filings

Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. The Securities and Exchange Commission (SEC) has promulgated guidelines governing the use of its blockchain-based document signing and verification platform, known as the Verification of Electronic Records and Information Trust and Authentication System (VERITAS). Under…

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Robinhood built its own chain. It still pays rent.

Every dollar Robinhood Chain earns, a tenth goes to a DAO treasury controlled by strangers. The arrangement has been covered a dozen times as good news for Arbitrum’s token. Summary Robinhood Chain runs on Arbitrum’s Orbit stack, and under the Arbitrum Expansion Program every Orbit chain settling outside Arbitrum One routes 10% of net protocol…

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