Crypto News and Market Analysis

Shinhan Investment & Securities downgraded the target price for KOSDAQ-listed wearable AI diagnostics company CERS from 50,000 won to 30,000 won on November 9, following the company's second consecutive quarterly earnings shock. CERS reported third-quarter revenue of 9.8 billion won and an operating

US commercial real estate office buildings are facing expanded distress as high interest rates and rising borrowing costs take full effect, according to industry data released November 8. Office loan delinquency rates in commercial mortgage-backed securities have held near 12% for approximately 10 m

Seoul forex dealers on the 9th expect the USD/KRW exchange rate may rise further in the 1,360 won range, driven by a US employment data surprise released on the night of the 6th that expanded expectations for a Federal Reserve rate hike in December. The stronger-than-expected jobs report fueled glob

US online sports betting platform DraftKings (DKNG.US) saw its stock crash over 20% following a significant downward revision of its financial forecast, driven by massive spending on prediction market expansion. The company announced post-market on Thursday (5th) that it expects to invest $650 milli

Democratic Party lawmakers plan to pursue legislation reversing Donald Trump's tariff policies in the first 100 hours of the new Congress following their midterm election victory. Michigan Senator-elect Abdul El-Sayed stated on the 5th that ending Trump's tariff regime, particularly the trade war wi

Korea Investment Corporation (KIC) faces relocation uncertainty in November as the government prepares to announce its second-phase public institution relocation plan this month. The concerns coincide with KIC's push to establish a strategic investment account for domestic industries and the Seoul f