Tiger Research: Is South Korea still a strategic location for blockchain mainnet? | Bee Network
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Original author: BitpushNews Mary Liu Financial markets were hit by a sell-off on Thursday, with cryptocurrencies and U.S. stocks falling sharply. The number of first-time applications for unemployment benefits in the United States rose to a one-year high, indicating that the labor market continued to cool. Data from the U.S. Department of Labor showed that the number of first-time applications for unemployment benefits was 249,000 in the week ending July 27, up from 235,000 in the previous week, the highest level since August 2023. In addition, the U.S. manufacturing industry shrank at its largest rate in eight months, with the ISM manufacturing PMI at 46.8 in July, down from 48.5 in June and the lowest level since November 2023. Weaker-than-expected economic data, coupled with the sell-off of chip stocks such…# Analysis# TokenPre
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- Original author: Leo Park Yoon Lee Original translation: TechFlow Summary of key points: Those global mainnets that entered the Korean market early are still very active, especially in the gam...