Stablecoin Frenzy Fuels Steep Stock Gains That Make Funds Wary
Some investors are growing wary over the global stablecoin craze that has driven massive gains in shares of companies linked to the still-emerging technology.
Short bets continue to climb on Circle Internet Group Inc., even as its stock has surged about 500% since its New York debut just three weeks ago. In South Korea, global and local funds dumped shares of Kakaopay Corp. as they tripled over the past month.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
33 minutes ago
- Yahoo
Hong Kong-based crypto platform OSL shares jump on Canadian acquisition
SHANGHAI/HONG KONG (Reuters) -Hong Kong-listed shares of OSL Group jumped 10% to their highest in almost four years on Monday after the digital asset trading platform said it had acquired Canadian-based crypto infrastructure provider Banxa. The Banxa deal announced late on Friday is the latest in a string of overseas asset purchases over the past year. OSL's finance chief said it would accelerate its global expansion plans to tap into growing interest in cryptocurrencies. "We will continue global expansion through both acquisitions and license applications," Ivan Wong told Reuters on Monday. Having a global footprint is crucial to OSL's ambition to be a bigger player in cross-border payments, and Wong said the company will seek to issue stablecoins - cryptocurrencies pegged to assets such as fiat currencies. Hong Kong is setting up a licensing framework for stablecoin issuers. Stablecoins will potentially expedite cross-border payments and benefit a regional economy facing challenges from geopolitical tensions, Hong Kong financial secretary Paul Chan said in a blog post over the weekend. "Stablecoins are getting more and more popular among institutions globally," said Wong, adding OSL was preparing for licence applications. Hong Kong's stablecoin bill comes into effect on August 1. China's Ant Group and have said they plan to issue stablecoins in Hong Kong via offshore units. In addition to Hong Kong, OSL also aims to issue stablecoins in other regions, Wong said. Since transforming last year into a company fully dedicated to digital assets, OSL has secured an exchange licence in Australia and completed acquisitions in Japan and Europe. The company will close an acquisition in Indonesia next month, and plans to apply for crypto-related licenses in three regions this year, he said. OSL will also step up investment in the so-called Real-World-Assets business, converting traditional assets into digital tokens. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
34 minutes ago
- Yahoo
Nvidia's market dominance leaves it with 'only one way to go'
Nvidia (NVDA) is dominating the artificial intelligence (AI) chip market, but its lead could shrink as rivals ramp up. Gil Luria, D.A. Davidson head of technology research, joins Market Domination to explain how players like Advanced Micro Devices (AMD), Broadcom (AVGO), and Huawei are positioned to chip away at Nvidia's market share. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. You know Gil, I I know some colleagues of yours on the street. Big fans of AMD and they say you know what? Lisa Su and her team they're gonna they're gonna narrow that gap with Jensen Wong and his crew over invidia. I am curious broadly, Gil, how do you see the competitive landscape evolving for invidia? Yeah, so that's the other part of it is that Nvidia has almost the entire market right now. The number two, the distant number two is actually Google TPUs. Uh Broadcom uh which which broadcom supplies. So in that sense, they're also in the mix. But AMD, Intel, all those are are really minor players. Going forward, we expect the the the custom chips made by Broadcom Marvel and others to have a bigger share of the market. AMD to start growing from that very small base, but very importantly, tying to the conversation you started earlier, Huawei. The more restricted invidia selling into China, the better glide path there is for Huawei to accelerate growth and take bigger and bigger pieces of the market. So again, in video participating just with the shrinking share because they're starting with owning the almost the entire market, there's only one way to go from there. Sign in to access your portfolio
Entrepreneur
35 minutes ago
- Entrepreneur
From Deal Sourcing to Exits: The AI Advantage in Venture Capital
In India, firms are doubling down on tech-led diligence and proprietary data-driven strategies. As AI adoption deepens, it promises to sharpen competitive edges, even as challenges around infrastructure and talent persist. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Artificial Intelligence is fast becoming the next big disruptor in the venture capital landscape, not just as an investment theme but as a transformative internal tool. In India, firms are doubling down on tech-led diligence and proprietary data-driven strategies. As AI adoption deepens, it promises to sharpen competitive edges, even as challenges around infrastructure and talent persist. According to a recent report by Gitnux, 42 per cent of VC firms globally use AI for deal sourcing, while 68 per cent of the firms believe that this technology will significantly improve investment decision accuracy. The report further stated that in deal sourcing and market research, proprietary deal-scanning tools and analytics platforms are adopted by 75 per cent of top-tier VC firms worldwide. When it comes to due diligence, NLP-driven sentiment analysis is helping as much as 50 per cent of VCs assess market and founder cues in real-time. VCs also reported a 70 per cent improvement in portfolio-related operational efficiency using AI-backed dashboards and KPIs, according to data from Gitnux. Rahul Agarwalla, Managing Partner, SenseAI, feels that what used to take weeks now only takes hours. "AI has redefined the front end of our venture workflow, from deal sourcing to diligence, giving us unprecedented scale, speed, and precision. At SenseAI, our proprietary engine surfaces technical founders months before they raise, using a live signal graph of research papers, product launches, and social media activity. We run thematic market scans, generate automated investment briefs, and close transactions faster with NLP-powered agents," said Agarwalla. AI is poised to be the next VC game-changer by enabling faster, data-driven decision making, with the technology helping firms filter a large number of startups more efficiently and spot leads earlier. AI can also help in faster, data-driven decision making by enabling NLP analyses of customer sentiment, founder profiles, and competitiveness. The new-age technology can also help create value through talent and tech advisory a with commitments to "AI-first" theses and tech depth help VCs distinguish themselves from peers. AI is proving to be more than just a vertical for investing, but is also reshaping the VC toolkit in India. As the adoption of this new-age technology accelerates, one can expect VC firms to increase hiring of AI talent, build proprietary analytics and deal-screening systems, and bolster infrastructure with partnerships and advocacy around AI. While promising, challenges exist around GPU shortages and limited domestic LLMs that slow down scalable innovation. VC firms are still in the initial stages of the race to hire AI/ML professionals for internal processes. Although AI helps us do things faster, venture is still a deeply human craft, and "Models can't assess founder resilience, ethical integrity, or long-term vision, only repeated human interaction can. AI gives us leverage; human judgment gives us conviction." "The firms that get this balance right will define the next decade of venture capital. Venture capital is paid to underwrite non-linear futures. Deciding whether a novel idea can become a category-defining company is a deeply human endeavor rooted in taste, contrarian insight, imagination, and pattern-breaks that AI cannot model or predict," said Agarwalla. While challenges remain, the fusion of national initiatives such as IndiaAI and VC-driven AI integration signals a transformative shift in how capital is deployed and value is generated. India's AI-powered VC evolution may very well define the next wave of startup success and potentially global exit narratives.
