Key events to watch this week: US non-farm payrolls, a meeting of four major central banks, and technical talks between the US and Iran.

South Korean media has disclosed that Samsung Group and SK Group are developing a 10-year capital expenditure plan totaling around 2,000 trillion won (approximately $1.3 trillion), which is included in President Lee Jae-myung’s "Three Leap Projects" industrial strategic framework. The two conglomerates are expected to formally announce the plan to the presidential office on Monday afternoon. Funds will be focused on semiconductor capacity expansion, AI data centers and physical AI sectors. Each group plans to build 4 to 5 wafer fabs in Gwangju, and expand packaging and NAND capacities in North and South Chungcheong Provinces. However, the massive investment plan failed to boost market confidence. On Monday, South Korea’s KOSPI index extended its decline to 3%, Samsung Electronics dropped 5%, SK Hynix fell 4.5%, and KOSDAQ futures triggered a circuit breaker after surging 6%. Analysts believe investors are skeptical about whether AI-related capital expenditure will deliver actual returns. A research report from China International Capital Corporation (CICC) also noted that onshore leverage in South Korea’s stock market has reached a historical high, with recent margin call pressures rising, and market volatility risks cannot be ignored.

According to OnchainLens monitoring, a crypto whale has deposited $2 million in USDC to HyperLiquid, opening 31,255 long positions in CL (crude oil) with 1x leverage, with the position valued at $2.17 million. Notably, this address has previously accumulated losses exceeding $4.06 million.

Invesco’s latest survey shows that sovereign investors—covering 90 sovereign wealth funds and 54 central banks with a combined $29 trillion in assets under management—are systematically restructuring their investment portfolios, shifting focus to energy and physical assets. Around 80% of surveyed institutions view energy security and energy transition infrastructure as the top priorities for enhancing portfolio resilience, with infrastructure asset allocations rising to 9%. The high energy demand of AI has further boosted the appeal of energy-related assets. On the U.S. dollar credit crisis front, 61% of surveyed central banks believe the U.S. debt level is eroding the dollar’s long-term reserve status, a sharp jump from 20% in 2024; 29% expect the dollar’s reserve currency status to weaken within five years, up from 12% in 2022. Some institutions have begun reducing reliance on U.S. custodians and clearing systems: one European central bank has completed switching its U.S.-affiliated custodian, while a Latin American central bank admitted it is establishing non-U.S. custodian relationships for "extreme scenarios". Additionally, around one-third of surveyed institutions plan to increase their gold reserves. Invesco’s Head of Research noted, “Resilience is evolving from a bonus to a necessity.”

According to Bitget market data, South Korea’s KOSPI index extended its decline to 3%, Samsung Electronics fell 5%, and SK Hynix dropped 4.5%. South Korean exchanges have activated the circuit breaker mechanism for the KOSDAQ index.

Arthur Hayes posted on social media that he is bullish on the Hyperliquid ecosystem, singling out Hypercall—an options DEX project under SYN—and believing it has the strength to challenge established options trading platform Deribit. Prior to his post, on-chain data revealed that Arthur Hayes’ address purchased 6.16 million SYN tokens via FlowDesk, with the transaction amount totaling approximately $2.2 million.

The Bank for International Settlements (BIS) released its 2026 annual economic report on Sunday at its annual general meeting in Basel, delivering a systematic critique of stablecoins. The report argues that existing stablecoins have significant flaws across four core monetary attributes: singularity, resilience, interoperability, and integrity. Their prices often deviate from their pegged values, redemption processes are fraught with frictions, and they function more like ETF shares than legitimate payment tools. As of the end of May, the total market capitalization of stablecoins stood at roughly $320 billion, with over 99% pegged to the U.S. dollar, and USDT and USDC collectively holding dominant market share. BIS model calculations show that even if stablecoin market cap expands to $1 trillion to $3 trillion, its net impact on economic output would be negligible, or even slightly negative, as it would drive up bank funding costs and reduce lending capacity. The report also specifically warns against the risk of "stablecoin dollarization": if residents of emerging economies use U.S. dollar-pegged stablecoins as a store of value, it would disrupt domestic capital flows and erode monetary sovereignty. The BIS once again advocates for a tokenized "unified ledger" scheme pegged to central bank money, citing the Agora cross-border payment project—which involves eight central banks and over 40 private sector institutions—as evidence of its feasibility.