South Korea enters bear market as AI chip fears trigger massive sell-off

AI chip maker SambaNova has raised at an $11B valuation months after Intel was rumored to be trying to buy it for about $1.6 billion.

This year, RoboCup took place in Incheon, South Korea, from 2-6 July. The event saw teams take part in competitions, training sessions, and a symposium. Take a look at what the participants got up to in our round up from social media. The wait is over! 🤖🎉 RoboCup 2026 officially begins today! Join us for […]

The dimming AI demand outlook could lead to increased market volatility and necessitate strategic reassessment for investors in tech sectors. The post South Korea’s equity market nears bear territory as AI demand outlook dims appeared first on Crypto Briefing.

Nvidia's expansion in Israel underscores the strategic importance of AI R&D in global tech, potentially boosting local economies and innovation. The post Nvidia opens expanded R&D center in Israel as AI chip demand fuels crypto compute market appeared first on Crypto Briefing.

The post BONK Treasury Loses $20M to Malicious Governance Vote appeared on BitcoinEthereumNews.com. BONK News South Korea’s three largest digital-asset exchanges — Upbit, Bithumb and Coinone — placed BONK, the Solana-based meme coin, under a formal trading-caution designation on July 7. The exchanges’ official announcements state the flag took effect at 4:00 p.m. local time and runs through the first week of August, citing an unresolved security incident and the inadequate disclosure of material information. The coordinated action followed the draining of roughly 20 million dollars in BONK from the project’s decentralized treasury. Under the designation, each platform will conduct an additional review that could end in reinstatement or a full delisting, leaving holders facing weeks of uncertainty around the token’s exchange standing. On-chain data shows the exploit was executed entirely through legitimate transactions. An anonymous actor spent roughly 4.4 million dollars accumulating B

The KOSDAQ's decline highlights heightened market sensitivity to global monetary policy, potentially affecting future Fed rate expectations. The post South Korea’s KOSDAQ index drops 4% amid global policy concerns appeared first on Crypto Briefing.

The post South Korea: Tech-led strain and shifting flows – BNY appeared on BitcoinEthereumNews.com. BNY’s Geoff Yu highlights that institutional investors are exiting South Korean equities, contributing to the KOSPI’s brief bear-market move, while retail buyers still support the market. He notes concerns over AI and semiconductor concentration, questions the sustainability of retail support, and contrasts South Korea with more measured liquidation in Taiwan and ongoing interest in Chinese equities. Institutional selling pressures KOSPI “iFlow data suggest institutional investors are continuing to exit South Korean equities en masse, likely contributing to the KOSPI’s brief move into bear market territory overnight. Retail investors remain on the other side of the trade, but the market is increasingly questioning how sustainable that support is. Taiwanese equities have also benefited from the AI and semiconductor narrative, though liquidation there has been more measured in scale and pa

The nuclear loan program could reshape energy markets, boost domestic manufacturing, and attract tech and crypto sectors to nuclear power. The post Trump pushes $17.5B nuclear loan program to revitalize US energy amid AI power crunch appeared first on Crypto Briefing.