Korean Firm Bets Big on Bitcoin

CRYPTO
Korean Firm Bets Big on Bitcoin

K Wave Media Inc. (KWM), the first Korean media alliance listed on Nasdaq, plans to raise up to $500 million through stock sales to purchase Bitcoin. In a public statement, the company said it aims to become the "Metaplanet of Korea," referencing the Japanese firm known for its Bitcoin-centric treasury strategy. KWM believes this model — using public market access to build a Bitcoin treasury — will appeal to investors across Asia and globally.

The company doesn't just plan to hold Bitcoin. It also intends to support the Bitcoin ecosystem by operating Lightning Network nodes and investing in infrastructure focused on decentralized finance. These investments aim to generate yield and support faster, low-cost Bitcoin transactions.

This move mirrors a growing trend of public companies adopting Bitcoin as part of their treasury strategy, signaling increased institutional interest in crypto across Asia. KWM’s strategy could help position Korea as a key player in global Bitcoin adoption.

ECONOMY
Elon Musk Slams Trump Spending

Elon Musk has cut ties with Donald Trump, sharply criticizing a new Congressional spending bill as reckless and warning it will dangerously increase the U.S. national debt. Musk called the bill a “disgusting abomination” and warned that the $2.5 trillion deficit it creates could drive the nation into “debt slavery.” Other top financial figures—Jamie Dimon, Jerome Powell, Ray Dalio, and Warren Buffett—share his concerns.

Musk’s Department of Government Efficiency (DOGE) was aimed at reducing deficits, but the bill’s aggressive tax cuts have derailed that mission. The Congressional Budget Office now projects U.S. debt could reach 156% of GDP by 2055.

Dimon warned markets could “crack” from overspending. Powell urged Congress to restore fiscal discipline. Dalio predicted global demand for U.S. debt may collapse. Buffett called the deficit path “unsustainable.” With fewer buyers for U.S. bonds, experts worry America’s borrowing costs will soar—pushing the economy into crisis.

ECONOMY
ECB Set to Cut Rates

The European Central Bank is widely expected to lower its key interest rate by 25 basis points this week, likely bringing the deposit rate down to 2%. Markets are pricing in a 99% chance of the cut as inflation nears the ECB’s 2% target, with May data showing a 1.9% annual rise in consumer prices. However, euro zone growth remains weak, and uncertainties — from Trump’s tariff agenda to Europe’s rearmament and fiscal shifts — complicate the ECB’s long-term path.

Analysts predict further cuts in 2025, possibly in September and December, but expect the ECB to remain cautious and avoid firm guidance. While markets anticipate more easing, the ECB is likely to adopt a meeting-by-meeting strategy.

For consumers, short-term savings and loan rates could drop quickly, but longer-term fixed products may see minimal change, as rate expectations have already been priced in. The ECB will also release updated growth and inflation forecasts this week.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.