South Korean Won: Authorities signal pause in KRW strength – ING

ING‘s Chris Turner reports that USD/KRW rebounded from 1335 after news that Korea’s National Pension Service may halt or reverse its forward-market Dollar selling. Authorities appear comfortable with recent Won gains after a 15% USD/KRW drop since June. ING favours consolidation in both USD/KRW and USD/JPY, seeing reduced Dollar selling in these pairs supporting the broader Dollar tone.  Won rally seen due for consolidation  “USD/KRW bounced off the lows today at 1335 after news emerged that Koreas National Pension Service could be halting, if not reversing, its USD/KRW sales in the forward market.”  “Remember, changes to NPS FX hedging were one of the measures introduced in June to help support the beleaguered won.”  “Todays news suggests Korean authorities feel that the won has come far enough for the time being.”  “And certainly the 15% drop in USD/KRW since June has been impressive and matches a similar move seen in 2022.”  “We tend to favour some consolidation both in USD/JPY and USD/KRW for the time being. And the easing of dollar selling pressure in these two big FX pairs can allow the dollar to find support more broadly.”

09-08انڈسٹری

Tuesday tells the Japanese Yen more than next week will

USD/JPY trades just above 154.00 after giving up 1.22% on a Monday with American desks shut. Everything the pair has left to argue about arrives inside ten days, and the first of it lands tonight. Japanese wage data at 23:30 GMT is the number the Bank of Japan (BoJ) has made the condition of everything else.  Tonight is Tokyos own test  Japanese labour cash earnings for July land at 23:30 GMT, seen at 3.9% YoY after 3.4%. The second estimate of Japanese Gross Domestic Product (GDP) follows at 23:50 GMT with growth seen at 0.4% on the quarter after 0.3% and the deflator at 2.6%, alongside a current account seen at ¥2.87 trillion after a ¥92.3 billion deficit.  The wage figure is the one that counts, and the useful comparison sits on the same release. Nominal pay seen at 3.9% against a deflator seen at 2.6% is a real gain, which is precisely what the hawkish case has been short of. The country that could not manufacture wage growth for a generation is scheduled to report some at half past eleven tonight.  What it cannot do is add to September. That hike is priced at close to 97% and there is no room above

09-08انڈسٹری

Hackers Return 85% of Stolen Bitcoin from Last Weeks Bridge Attack

The Liquid hackers returned 3,400 Bitcoin on Monday, most of the roughly 3,998 BTC they moved out of the network over the weekend. Close to 598 BTC stayed behind.  Liquid is a Bitcoin sidechain built by Blockstream. Users lock Bitcoin on the main network and receive a matching token, L-BTC, that moves faster and more privately.  Blockstream Patched the Bridge Before the Coins Moved  The transfer followed a condition the attackers set themselves. They told Blockstream to fix the flaw first and make sure every node running the bridge had been updated.  Sponsored  Sponsored  Moving Bitcoin out of the bridge normally takes sign-off from 11 of the 15 companies that run Liquid. The weekend transfer went to a brand new address instead.  Blockstream responded within a Bitcoin transaction on Monday morning, signing the message so recipients could verify it came from the company. The bridge nodes were patched, it said, and the funds were safe to send back.  The coins moved hours later. Bitcoins network recorded the transfer in block 965,950 at 19:09 UTC.  Nearly 600 Bitcoin Is Still With the Liquid Hackers  About 598.5 BTC remains in the attackers‘ address, worth roughly $47 million at Monday’s Bitcoin price near $79,100. Neither side has explained why.  That silence is what bothers

09-08انڈسٹری

Strong jobs just triggered a hawkish UBS reversal that could pressure Bitcoin through December

UBS‘s new forecast of two Federal Reserve rate hikes this year extends Bitcoin’s potential macro headwind through December. The issue reaches beyond Septembers decision: investors may have to weigh the cost of holding a non-yielding asset against interest-bearing alternatives through the end of 2026.  Reuters reported Sept. 7 that UBS Global Wealth Management now expects increases of 25 basis points, or a quarter of a percentage point, in both September and December. It had previously expected no policy change this year. UBS cited strong August labor data, hawkish Fed communication and inflation risks from supply bottlenecks.  Markets are already moving toward that view. Futures price in a roughly 58% chance of a quarter-point hike at the Sept. 15–16 meeting, up from 52% before the jobs report.  For Bitcoin, the risk is that higher rate expectations keep Treasury yields supported, preserve the appeal of dollar assets and make investors less willing to take risk.  Strong jobs give inflation more weight  The Bureau of Labor Statistics reported that employers added 162,000 jobs in August and unemployment held at 4.1%. Hiring exceeded the average monthly gain of 31,000 over the preceding 12 months.  But the strength was uneven. Food services and drinking places added 59,000 jobs, while local government

09-08انڈسٹری

Cathie Wood Sees Bitcoin Price Breakthrough as Gold Link Strengthens

Key TakeawaysBitcoins 90-day gold correlation rose to 0.57 as Nasdaq-100 correlation fell to 0.22.Cathie Wood says the shift supports bitcoins case as a maturing monetary asset, not just a tech trade.A break above $83,000 could confirm the shift; failure may revive pullback risk.  Bitcoin-Gold Correlation Climbs as Treasury Sensitivity Weakens  Bitcoin‘s price is behaving less like the Nasdaq and more like gold, a shift that could have major implications for how investors value the world’s largest cryptocurrency.  Glassnode data shows bitcoins 90-day correlation with gold has climbed to about 0.57, from 0.21 in March. Over the same period, its correlation with the Nasdaq-100 fell to 0.22 from 0.57. Other market estimates put the bitcoin-gold correlation around 0.59, its highest since 2020.  Source: Glassnode  Yet the more important divergence may be happening elsewhere. Gold‘s correlation with the U.S. 10-year Treasury yield stands near -0.41, while bitcoin’s is roughly -0.17, suggesting BTC has recently been less sensitive to rising borrowing costs.  For investors, that combination is unusual: bitcoin is increasingly joining the hard-asset trade without moving in lockstep with the same macro pressures weighing on gold.  Cathie Wood Sees a Breakthrough Against Gold  ARK Invest founder Cathie Wood highlighted bitcoins recent strength relative to gold, while stopping short of declaring

09-08انڈسٹری

Transocean is reporting excellent results, new contracts, while its debt is falling

Transocean (RIG), the absolute leader in offshore drilling, is reporting significant results improvements; its balance sheet is improving substantially, while its Valaris (VAL) deal is about to be approved by Brazils authorities. But let me dig into more details.  Transoceans earnings results  On 5 August, Transocean reported its earnings results.  During the press conference, the management said the following about Transoceans performance: “The Transocean team again delivered exceptional operational performance in the second quarter, beating our guidance on both revenue and costs and generating a solid adjusted EBITDA margin of 32%.” (President, CEO & Director Keelan Adamson)  Here are a few highlights from the second-quarter 2026 results:Contract drilling revenues totaled $966 million, while revenue efficiency was 97.0%.Net income totaled $170 million or $0.04 per diluted share.Adjusted EBITDA totaled $312 million, constituting a margin of 32.2%.Net cash provided by operating activities totaled $236 million, while free cash flow was $212 million.Total liquidity exceeded $1.3 billion, including the undrawn revolving credit facility.The contract backlog increased by $292 million, while Transoceans average day rate was approximately $461,000.  The most important points of the 2Q26 results, in my view, were the net income figure of $170 million, high total liquidity, and strong positive cash flows.  Discover more  financial  Open Trading Account  FINANCE  Source: Transocean  Both

09-08انڈسٹری

Liquid Gets 3,400 BTC Back After On-Chain Talks; White Hats Keep 598.5 BTC

The “White hat” party that withdrew nearly 4,000 bitcoin from the Liquid Network federation wallet on Sunday returned 3,400 BTC to the wallet on Monday. About 598 BTC, or 15% of the consolidated pile, stayed at the same holder address as an implied bounty fee worth 48 million dollars.  The return transaction (bc49a46d), confirmed at 16:09 UTC on September 7. It returned exactly 3,400 BTC to the labeled Liquid peg script address and sent the 598.5 BTC change back to the “White hat” hacker address as change.  The transfer followed a day of messages written into Bitcoin blocks. The White hats first published transaction on chain with a message in the OP_RETURN arbitrary data field “contact us on chain”; the message came from the address holding the 4000 BTC taken from the Liquid Network.  A Blockstream-linked address answered with “Please contact [email protected]”. Later notes from that sender carried Electrum-encrypted payloads and PGP signatures that can be verified against Blockstreams published security key.  In block 965869, the White hats asked in the clear text whether sending “most” back to the federation script was acceptable. The 1,000-sat output on that transaction was only a message carrier.  Soon after, the White hats wrote “Please fix the bug

09-08انڈسٹری

XRP Price Could Soar Over 1000% If This Prediction Pulls Through

Key Insights:An analyst said that XRP price could witness a massive surge if past cycle gains repeat.Ripple coin gains remain tied to a historical market pattern.The XRP price prediction also comes as the XRP Ledger sees new developments.  XRP price could see a major move if the past cycle pattern highlighted by analyst EGRAG Crypto repeats. His chart points to gains above 1,000%, while new work involving the XRP Ledger adds another layer to the wider case for the network.  XRP Price Analysis Points to a Large Move  The XRP price prediction is based on three earlier cycles rather than a single target. EGRAG Crypto listed gains of 2,405% in the first cycle, 1,002% in the second and 1,250% in the third.  From those figures, the analyst calculated an arithmetic average of about 1,552%. The geometric mean came in at about 1,444%. EGRAG presented the figures as a study of previous moves, not a promise that XRP will repeat the same performance.  XRP Price Analysis | Source: EGRAG CRYPTO  That distinction matters as past rallies do not guarantee another rally of the same size. Still, the numbers explain why the current XRP price prediction is drawing attention. If a future move matched even part of those

09-08انڈسٹری

Bitcoin Tests $82K Resistance as ETF Buying Strengthens

ETF demand is surging, but Bitcoin faces a simple question: can buyers turn institutional inflows into a clean break above $82,000?  Bitcoin is trading above $79,000 after US spot ETFs pulled in a reported $730.9 million in a single day last week, their second-largest daily inflows of the year after the $843.6 million they drew in on January 14.  Crypto analysis platform CryptoRus, in its latest market letter, framed this week as a test of whether that institutional buying can push BTC through the closely watched $82,000 resistance level, something it calls a bullish test rather than a finished breakout.  Three Signals Behind the Breakout Test  CryptoRus pointed to three signals worth tracking. The first is the ETF print itself: Bitcoin held near $80,000 even after a stronger-than-expected US jobs report briefly pressured the market, and the letter reads that resilience as institutional buyers absorbing supply before resistance breaks, though similar spikes have shown up near past market tops.  The second is a leverage reset, with $554.2 million in crypto positions liquidated over 24 hours, $471.4 million of that being shorts and $276.7 million coming from BTC alone.  “That is real demand. It is not yet a completed breakout,” the letter said, adding that forced short

09-08انڈسٹری

Your LG TV Might Still Be Listening to You—Even When It Looks Like Its Off

In briefGamers Nexus found LG TV sets still scan a households entire Wi-Fi network and can capture microphone audio while appearing off or unplugged from the internet.LG settled with Texas regulators in May, agreeing to stop collecting viewing data without informed consent.Separate security researchers found unpatched remote-access bugs and residential-proxy code, software that quietly reroutes strangers internet traffic through a buyers home connection.  What does an LG smart TV do when nobodys watching? Digital media company and popular YouTube channel Gamers Nexus spent more than 500 hours and about $70,000 finding out. The answer, per a new investigation, is a lot more than advertised.  Working with hardware reviewer Level1Techs and three independent security researchers, the team found LGs sets scanning a homes entire Wi-Fi network using UPnP, a protocol that lets devices find and talk to each other automatically, mapping every phone, laptop, and smart device connected to it.  Myriad: Who will top Spotify in 2026? Click to make your prediction.  In one test, they pulled clean microphone audio off a TV with a dark screen, then did it again after yanking the set off the internet entirely. LG signed a privacy settlement with Texas regulators four months before any of this ran.  Most of

09-08انڈسٹری
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