SK Hynix recognized a 3.98 trillion won ($2.8 billion) loss in the first half of 2026 tied to derivative transactions from exchangeable bonds issued in April 2023. The loss was triggered when bondholders exercised conversion rights and the company's Korean-listed shares rallied. SK Hynix emphasized the accounting loss would not result in actual cash outflows and was largely offset by gains from treasury stock disposal upon conversion.
Singapore Police Uncover $11.8M Crypto Scam Using Fake Jobs and MalwareSingapore's police force and cybersecurity agency revealed a sophisticated crypto scam that swindled $11.8 million from victims using fake recruitment posts and malware. Fraudsters impersonated crypto company recruiters on LinkedIn, sent emails from spoofed domains, conducted video interviews, and tricked victims into downloading malicious software for a "technical test." The malware stole session tokens and bypassed multi-factor authentication to drain crypto wallets.
Upbit and Bithumb to Delist STORJ, TT, and JASMY on September 14South Korean exchanges Upbit and Bithumb will delist Storj (STORJ), ThunderCore (TT), and JasmyCoin (JASMY) on September 14. The decision stems from unresolved trading warnings previously issued for these tokens. Both exchanges cited failure to address the flagged concerns as the reason for terminating trading support.
Korean Lawmaker Slams Proposed Crypto Tax as "Punitive"South Korean lawmaker Park Soo-young criticized the government's plan to tax virtual asset gains, calling it a "tax bomb" that threatens 13 million digital asset users. Park warned the measure would accelerate capital flight rather than encourage domestic stock investment, noting that 124 trillion won flowed to overseas crypto exchanges between January and September last year. He demanded immediate withdrawal of the tax proposal.
Goldman Sachs: AI Unlikely to Cause Mass Unemployment in IndiaGoldman Sachs' chief India economist Santanu Sengupta said AI's impact on India's labor market would be limited compared to other countries. He attributed this to the large share of workers in mechanical or physical jobs, noting construction and retail employ roughly 40% of India's workforce. Sengupta estimated that an orderly AI rollout could boost productivity by 0.4 percentage points over the next decade while affecting mainly service sector roles.
Greekslive: 20K BTC and 96K ETH Options Expire as Volatility Hits Record LowDerivatives data provider Greekslive reported the expiry of 20,000 BTC options with a put-call ratio of 0.84 and a max pain of $64,000, alongside 96,000 ETH options with a put-call ratio of 0.95 and a max pain of $1,900. Bitcoin's realized volatility dropped to 25%, marking a historic low, while implied volatility fell to levels last seen in early October. The compressed volatility reflects extreme market apathy, characteristic of a mid-bear phase.
HTX Lists Korean Stock Perpetual Contracts for Samsung, Naver, and MoreHTX, formerly Huobi, launched perpetual contracts for several Korean blue-chip stocks on August 14. The new listings include SAMSUNGEM, HANMI, NAVER, LGELECTRONICS, KODEX200, and VST, all paired with USDT. Traders can use leverage between 1x and 10x for both long and short positions, expanding access to Korean equity exposure through crypto derivatives.
Analyst: ADX Hits Two-Year Low, Signaling Imminent Volatility for BitcoinCryptoQuant analyst Darkfost noted that the Average Directional Index (ADX) has reached its lowest level in over two years. The indicator, which measures trend strength without regard to direction, suggests Bitcoin has traded in a narrow range for an extended period and is poised for a decisive move. The prolonged compression could lead to a sharp breakout in either direction.
OKX Upgrades Tokenized Stock Data with Company Profiles and News ModulesOKX enhanced its tokenized stock market data on both app and web platforms, adding a "Company" database and a "News" module. The Company section provides fundamentals like financials, shareholders, and dividends for tokenized equities, while the News module aggregates articles, analysis, and corporate events. The update also introduced 20+ common metrics, including P/E ratio, P/B ratio, market cap, EPS, and dividend yield.
Chinese Man Jailed 7 Months for Crypto Airdrop Scam Targeting FriendA man in Guizhou province was sentenced to 7 months in prison and fined 5,000 yuan for defrauding a friend through a fake crypto airdrop scheme. The perpetrator, surnamed Zhao, gained the victim's trust through shared crypto investments, then lured him with promises of 100–200 USDT returns within two days. The victim transferred $1,757 worth of Ethereum to a personal wallet Zhao controlled, never receiving any returns.

