BREAKING: 🇰🇷South Korea holds an EMERGENCY MEETING after its stock market crashed ~40% in just 6 weeks.
What just happened:
- Yesterday, KOSPI crashed 11%, forcing a 20-minute trading halt
- Today, it fell another 12.6% before recovering to close down ~7%
- An 8% drop triggered a second 20-minute trading halt
- This marks the first time circuit breakers were triggered two days in a row
- Up to $2.18 TRILLION has been wiped from the market
- SK Hynix fell 9.6% after disappointing earnings
- Margin calls and leveraged ETF selling made the crash worse
- Officials apologized for approving risky leveraged ETFs tied to Samsung and SK Hynix
- The government is now considering more steps to stabilize the market
This is now one of the MOST SEVERE stock market crashes in South Korea’s history.
🚨HUGE: SWIFT confirms over 50 major banks will implement CRYPTO rails for cross-border payments.
Bank of America, JP Morgan, Deutsche Bank, Bank of China and SBI are among the banks backing the initiative, with over 25 set to begin processing payments by June.
Swift handles over $150 TRILLION annually.
Every spot crypto ETF in US history has bled capital within weeks of launch. $BTC made it 7 trading days. $ETH lasted 1.
$LINK ETFs just crossed 75+ trading days with zero outflows. Not reduced outflows. Zero.
The market is telling you something if you're paying attention.
$Link He literally gave you a warning... "This is the year".
"Fair warning to everybody."
If you missed Bitcoin and Ethereum and somehow miss Chainlink... that's on you.
This is crazy...we really are GMI
It really is that simple 😎
$100 $LINK is just a pitstop on it's way to $1,000+
#Chainlink Reserve demolishes previous price predictions
Then of course we have these:
~ SWIFT
~ Euroclear
~ Clearstream
~ DTCC
~ Citi
~ Mastercard
~ VISA
~ Fidelity International
~ Reserve Bank of Australia
~ Hong Kong Monetary Authority
~ GLEIF
~ ERC-3643 Association
~ UBS Asset Management
~ BNY Mellon
~ BNP Paribas
~ Lloyds Banking Group
~ SIX Digital Exchange (SDX)
~ Intercontinental Exchange (ICE)
~ ANZ (Australia & New Zealand Banking Group)
~ Westpac Institutional Bank
~ Imperium Markets
~ Coinbase (Project Diamond)
~ Fireblocks
~ Abu Dhabi Global Market (ADGM)
~ Taurus
~ Sygnum
~ Apex Group
~ Fasanara
~ Spiko
~ CACEIS
~ Backed
~ Sonic
~ Fortlake Asset Management
~ Superstate
~ 21X
and I know I'm missing some