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Latest: Fintech News

Korean Police Launch Probe Into Stablecoin Crash – FT
Korean Police Launch Probe Into Stablecoin Crash – FT

The Seoul Metropolitan Police Agency said it had launched an investigation into allegations about an employee of crypto billionaire Do Kwon's Terraform Labs

Stablecoin Assets Decline for First Time, Says Fitch Ratings
Stablecoin Assets Decline for First Time, Says Fitch Ratings

The eight largest stablecoins had an aggregated market capitalisation of $154 billion at May 30 and accounted for around 96% of the total market

Didi Seen in Talks For Stake in China EV Maker Sinomach
Didi Seen in Talks For Stake in China EV Maker Sinomach

China's Didi Global is in talks to buy a third of Sinomach Zhijin Automobile, a small maker of electric vehicles, sources revealed on Wednesday

China Must Seize TSMC if US Imposes Sanctions: Top Economist
China Fast Closing Gap With US in Advanced Tech – SCMP
Airbnb Accused of Cheating Australians With Misleading Prices
TSMC Lukewarm on Europe, Stands By 30% Growth Forecast
Crypto Markets Plan Empowers US Commodity Regulator
Videogame Giants Snubbed in China’s Latest Licence Grants
Singapore’s ADDX to Recognise Its Clients’ Crypto Assets 

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Fintech: The Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors