Crypto Briefing·
South Korea's economic growth prospects improve, but heavy reliance on semiconductors poses significant risks amid potential market volatility. The post South Korea’s exports surge 53% in May, driven by AI chip boom appeared first on Crypto Briefing.
Read full articleIntel's strategy could democratize AI hardware access, challenging market leaders and potentially reshaping the AI accelerator landscape. The post Intel plans to launch AI chip by year-end with lower-cost tech appeared first on Crypto Briefing.
Leader of data centre unit says company aiming to release ‘inference’ GPU as shares rally more than 200% this year
The post South Korea Trade Balance above forecasts ($24.3B) in May: Actual ($26.94B) appeared on BitcoinEthereumNews.com. Gold stays defensive above $4,500 in the Asian session on Monday, holding Friday’s late pullback from the vicinity of $4,600 or a two-week high. Any meaningful upside seems elusive as geopolitical risks underpin the US Dollar’s reserve currency status, which tends to weigh on the commodity. Furthermore, bets for a Fed rate hike in 2026 support the USD and should cap gains for the non-yielding yellow metal. Source: https://www.fxstreet.com/news/south-korea-trade-balance-above-forecasts-243b-in-may-actual-2694b-202606010042
The post South Korea S&P Global Manufacturing PMI climbed from previous 53.6 to 54.8 in May appeared on BitcoinEthereumNews.com. Gold stays defensive above $4,500 in the Asian session on Monday, holding Friday’s late pullback from the vicinity of $4,600 or a two-week high. Any meaningful upside seems elusive as geopolitical risks underpin the US Dollar’s reserve currency status, which tends to weigh on the commodity. Furthermore, bets for a Fed rate hike in 2026 support the USD and should cap gains for the non-yielding yellow metal. Source: https://www.fxstreet.com/news/south-korea-sp-global-manufacturing-pmi-climbed-from-previous-536-to-548-in-may-202606010030
The post U.S. AI Chip Export Clampdown Likely to Pressure Nvidia and AMD Shares at Open appeared on BitcoinEthereumNews.com. Nvidia (NVDA) and AMD shares are set to face renewed pressure when US markets open Monday. Weekend guidance from the Bureau of Industry and Security (BIS) extends license rules to advanced AI chips sold to Chinese-owned firms abroad. The Trump administration left a year-long enforcement gap after rescinding the Biden-era AI Diffusion Rule last May. Industry sources say hundreds of thousands of advanced chips slipped through to Chinese-linked buyers abroad. Nvidia (NVDA) and Advanced Micro Devices Inc (AMD) Stock Performance. Source: TradingView Why Monday’s Open Could Get Bumpy Earlier draft rules requiring approval for global AI chip exports sent Nvidia down 1.8% and AMD down 2.2% in prior sessions. A similar but more contained reaction looks possible Monday. The new guidance is enforcement clarification, not a sweeping ban. Existing licensed sales of lower-tier
The post Altcoins Experiencing a Boom in Trading Volume in South Korea Have Been Identified – XRP’s Little Brother Tops the List appeared on BitcoinEthereumNews.com. Altcoins Experiencing a Boom in Trading Volume in South Korea Have Been Identified – XRP’s Little Brother Tops the List – Bitcoin Sistemi Insert This website uses Cookies to ensure the best experience for you.Accept Source: https://en.bitcoinsistemi.com/altcoins-experiencing-a-boom-in-trading-volume-in-south-korea-have-been-identified-xrp-s-little-brot/
The US's AI chip sales block to China could shift global AI power dynamics, impacting semiconductor markets and decentralized GPU networks. The post US moves to block advanced AI chip sales to Chinese entities appeared first on Crypto Briefing.
The post XLM Overtakes XRP in South Korea Amid DTCC FOMO Surge appeared on BitcoinEthereumNews.com. XLM Flips XRP on Upbit as Stellar’s DTCC Deal Sparks South Korea FOMO Retail traders are quickly rotating out of XRP and piling into Stellar, with South Korea emerging as the main hotspot for the latest wave of crypto momentum. The move has been strong enough to push XLM ahead of XRP in trading activity on Upbit, the country’s largest exchange. Market analyst Xaif Crypto noted that Stellar climbed to the top of Upbit’s rankings after posting roughly $252 million in 24-hour volume, nearly double XRP’s $125 million. More notably, it’s the first time XLM has overtaken XRP on the platform, signaling a clear surge in short-term buying pressure. Well, the catalyst appears to be a “buy-the-news” reaction tied to a major institutional development whereby the Depository Trust & Clearing Corporation (DTCC) and the Stellar Development Foundation recently outlined plans to link DTCC’s tokenizatio
