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South Korean stocks opened lower but rallied to close higher, as strong exports boosted bargain-hunting buying.

1 hours ago

On Monday, boosted by strong export data and the market's "buy-the-dip" sentiment, South Korea's stock market recouped its morning losses to turn higher. The KOSPI index rose more than 1% intraday, after earlier falling nearly 2% in morning trade amid concerns over massive spending by AI firms, following a downturn on Wall Street. Kiwoom Securities analyst Han Ji-young said: "The stock market has once again entered oversold territory, with fundamentals remaining solid and corporate earnings expectations also improving. October's export data exceeded expectations, raising the likelihood that the market will further revise up consensus earnings forecasts." Driven by strong global demand for AI investment, which lifted South Korea's chip shipments, the country's October exports nearly doubled, marking the largest increase in over 50 years. A survey showed that South Korea's manufacturing activity growth slowed to its weakest level in eight months in October, weighed down by weaker output and demand. South Korean President Lee Jae-myung pledged to make bold investments in artificial intelligence to boost the country's economic growth potential.

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An address associated with Kanye West withdrew 2074 ETH from Binance.

According to monitoring by ai_9684xtpa, a Kanye West-linked address maintaining a cyclic long position on ETH is suspected of adding positions worth approximately $4.7 million. After the Binance hack incident was disclosed on October 30, the address sold 1,390 ETH on-chain to mitigate liquidation risk. Today, following Binance’s resumption of large-scale withdrawals, the address withdrew 2,074 ETH from Binance. It remains unclear whether this transfer is for adding positions or simply withdrawing assets. Currently, the address has pledged a total of 21,109 ETH and borrowed stablecoins worth $27.71 million, with respective position health ratios of 1.44 and 1.62.

7 minutes ago

Ethereum surpassed $2,300, posting a 1.47% gain on the day.

According to HTX market data, ETH has just broken through $2300, currently trading at $2300.13 per token, with a 1.47% gain on the day.

7 minutes ago

A whale purchased 3,052 ZEC on the spot market and opened a 2x leveraged long position of 8,000 ZEC.

According to Lookonchain's monitoring, whale address t1JJnA purchased 3,052 ZEC on the spot market, worth approximately $3.8 million, while opening a long position of 8,000 ZEC with 2x leverage, with a notional value of around $10.16 million.

7 minutes ago

Do Top Silicon Valley VCs Favor Their Own? Survey of 8,525 Startups: Fund Background Triples Success Odds, Chinese Educational Background Shows Negative Correlation

Beating AI Express News (Dongcha) — For startups in Silicon Valley, what credentials most easily secure top venture capital funding? While graduating from a top university and having big tech company experience help, the biggest advantage surprisingly goes to those who previously worked at a top VC firm. Menlo Ventures partner Deedy Das analyzed 8,525 U.S. startups founded between 2019 and 2026 using Harmonic data. He studied 63 founder background traits to compare who is more likely to land lead investments from top VCs in seed or Series A rounds. The results show founders with top VC experience have a roughly 2.83x higher chance of securing a lead investment than peers with similar other conditions, ranking first. Founders with experience at cutting-edge AI labs and cybersecurity backgrounds have odds of 2.16x and 2.03x respectively. By comparison, top university backgrounds give a 1.41x odds, and former Google employees have 1.29x. The term "former VC employees" includes not just investors, but also in-house entrepreneurs, researchers, and even interns. Many were incubating startup projects within the fund, so they know the investment process and can directly access investors. This pre-built network and information advantage may be key to their easier funding access. The study also found several negative correlation factors: founders with an MBA have a lead investment odds ratio of 0.65; those educated in China have 0.59; and teams where the oldest founder is over 50 have 0.57.

7 minutes ago

Whale Accumulates 11,052 $ZEC ($13.96M) with 2x Long Position

Whale t1JJnA bought 3,052 $ZEC ($3.8M) in spot and opened a 2x long on 8,000 $ZEC ($10.16M).

7 minutes ago

A-share listed Yushu Technology turned positive before midday trading, rising nearly 3%, after once falling over 12% in the morning session.

According to Bitget market data, A-share listed company Yushu Technology has staged a continuous rally, turning positive before midday to rise nearly 3%, after sliding more than 12% earlier in the trading session.

7 minutes ago

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