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Morgan Stanley Upgrades South Korea Stocks After 30% KOSPI Crash
- Morgan Stanley upgraded South Korean stocks to overweight with a 9,000 KOSPI target.
- Strategists called the selloff technical, saying the leverage unwind is past its midpoint.
- KOSPI fell 4.41% Monday as Samsung and SK Hynix dropped over 7%.
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The Web’s Missing Payment Primitive Didn’t Need Better Tech, It Needed to Ditch Humans
- Micropayments died since the 1990s on cognition, not technology.
- x402 removes the human, not the friction, from the decision.
- Average x402 payment is 32 cents, not a fraction of a cent.
Oil Plunges 9% as Trump Sets Monday Talks to Reopen Hormuz
- Brent crude fell 9% to $82.83 before paring losses to $84.06.
- Trump says he called off a strike after allies, and Iran, asked.
- Iran's state media denies requesting the attack be called off.
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ADA Price Jumps 10% While Cardano Turns Toward Its Next Big Upgrade Era
- Cardano (ADA) surged nearly 10% in 24 hours, trading around $0.189 today.
- Intersect confirmed that planning for the Dijkstra development era has already officially begun.
- The Haskell node team targets Nested Transactions and Linear Leios on mainnet by late 2026.
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SpaceX IPO Paid Wall Street $100 Million: Will It’s First Earnings Repay Investors?
- Morgan Stanley earned $100 million underwriting the SpaceX IPO in June.
- IPOs led by SpaceX sent over $74 billion to its wealth arm.
- SpaceX posts its first public quarterly results August 4, before a share unlock.
Trump’s Oil Order Meets OPEC+ Supply Hike: Why California Gas Costs $5.49
- Trump reshared his Sable Pipeline order as California gas hit $5.49 a gallon.
- OPEC+ will pump 188,000 more barrels a day from September.
- Oil stayed near $87 in July, despite months of supply increases.
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Stablecoin Banking Competition Expands Beyond Settlement
- Stablecoins are gaining ground across payments, payroll, business transfers and settlement.
- Card issuance, foreign exchange, compliance and account management offer providers greater revenue opportunities and stronger customer relationships.
- Stablecoin neobanks face growing responsibility as they combine payments, yield, credit and trading within one product.
Ripple Lawsuit Architect Takes Over as US Director of National Intelligence
- Jay Clayton becomes the top US intelligence official on Monday.
- His SEC sued Ripple for $1.3 billion on his last day in charge.
- Bill Pulte hands over the job and returns to housing full time.
