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Moscow Exchange plans to launch a digital asset custody system, which is expected to go live by the end of 2026 or early 2027.

1 hours ago

Moscow Exchange (MOEX) is preparing to launch a digital custody system (digital depository platform) for crypto assets, a plan confirmed by multiple brokerage industry sources and individuals close to the exchange. The system will not be built on MOEX’s existing architecture, nor will it be integrated with Russia’s National Settlement Depository (NSD), but will operate as an independent infrastructure. The specific model is still under discussion, and Russia’s legal crypto market may eventually form multiple digital asset liquidity hubs, including Moscow Exchange and platforms operated by large financial institutions. Sources said the digital custody system is expected to launch by the end of 2026 or early 2027. Earlier, several major Russian banks—including Sber, VTB, T-Bank, and Alfa-Bank—also announced plans to build digital asset custody infrastructure. Under the plan, each brokerage client will hold an anonymous account in the digital custody system, essentially equivalent to an on-chain wallet address used to track investors’ crypto assets. Some market participants plan to conduct crypto trading exclusively through their own custody systems, while others are considering a hybrid model: trading on exchanges, with digital custody handled by banks or brokerages.

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UBS Group forecasts that gold prices will rise to $5,000 per ounce in the first half of 2027.

UBS Group said it forecasts gold prices will rise to $5,000 per ounce in the first half of 2027.

2 minutes ago

South Korea's KOSPI index has declined for the seventh consecutive week, dropping more than 5% this week.

According to Bitget market data, South Korea's KOSPI index fell more than 5% this week, marking its seventh consecutive weekly decline — the longest losing streak since December 2022.

2 minutes ago

South Korean alternative trading platform Nextrade will temporarily ban orders at the daily price upper and lower limits.

South Korea’s Nextrade will temporarily ban orders placed at the daily price limit (both the upper limit for price surges and lower limit for price drops) starting August 12, per an official announcement, to prevent price distortion. This temporary measure will remain in effect until September 14, when the platform introduces a static volatility interruption mechanism. Nextrade noted that some stocks, including SK Hynix, have been traded at the daily price limit during its pre-market sessions, sparking market concerns that even small trading volumes could lead to price distortion.

2 minutes ago

Preview: Market Focuses on Tonight's US July Unemployment Rate and Non-Farm Payrolls, Roundup of Institutional Outlooks

The US July unemployment rate and non-farm payroll data will be released at 20:30 Beijing time tonight. Below are institutional forecasts for US July non-farm payroll employment: Vanguard: +10,000; Berenberg Bank: +40,000; Scotiabank: +50,000; Moody's Analytics: +50,000; Royal Bank of Canada: +63,000; Deutsche Bank: +65,000; SEB: +65,000; UBS Group: +70,000; TD Securities: +70,000; Danske Bank: +70,000; Morgan Stanley: +70,000; HSBC Holdings: +70,000; BNP Paribas: +75,000; ING Group: +75,000; Bank of Montreal: +75,000; Goldman Sachs: +75,000; JPMorgan Chase: +75,000; Daiwa Capital Markets: +75,000; Westpac Banking Corp: +75,000; Standard Chartered: +75,000; Pantheon Macroeconomics: +75,000; U.S. Bancorp: +75,000; Canadian Imperial Bank of Commerce: +75,000; High-Frequency Economics: +78,000; Sumitomo Mitsui: +78,000; Oxford Economics: +80,000; Commonwealth Bank of Australia: +80,000; BofA Merrill Lynch: +80,000; ANZ Bank: +80,000; Lloyds Banking Group: +80,000; NatWest Markets: +85,000; Capital Economics: +90,000; Wells Fargo: +95,000; Barclays: +100,000; Commerzbank: +100,000; Societe Generale: +105,000; Citigroup: +115,000; Mizuho Securities: +115,000; Nomura Securities: +130,000. Reuters consensus forecast: +80,000.

2 minutes ago

Japanese and South Korean stock markets closed slightly lower.

According to Bitget market data, the Nikkei 225 index closed down 76.55 points on Friday, August 7, a 0.12% drop, at 65,606.71 points. South Korea's KOSPI index closed down 37.67 points on Friday, August 7, a 0.6% decline, at 6,258.71 points; SK Hynix fell 4.88%, while Samsung Electronics rose 0.21%.

2 minutes ago

Japan’s Government Pension Investment Fund (GPIF) reports a record quarterly return of 24.1 trillion yen.

Japan’s Government Pension Investment Fund announced record quarterly earnings, reaching 24.1 trillion yen.

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