News

BlockBeats news, on May 14, Fidelity recently stated on social media that it supports the U.S. Senate Banking Committee's advancement of the CLARITY Act. Fidelity stated that this act provides a balanced regulatory framework, and if ultimately passed, will provide legal clarity for the digital asset market, benefit U.S. investors, and help ensure that the U.S. maintains its leadership position in the global digital asset sector.

Glonghui, May 14th｜According to data from Realtor.com, U.S. asking rents have recorded a year-on-year decline for the 33rd consecutive month, with strong growth in new multi-family residences, indicating that tenants may continue to benefit in the future. The report states that in April, the median asking rent in the 50 largest metropolitan areas in the U.S. fell by 1.7% year-on-year to $1,673. Danielle Hale, Chief Economist at Realtor.com, said that over the past three years, many tenants have already seen significant relief. Although the pace of completions has slowed, leading indicators still favor renters. In the first quarter of this year, new multi-family housing starts surged nearly 20%, which typically takes one to two years to come onto the market, meaning the supply pipeline will continue to put downward pressure on rents until 2027.

Driven by a rise of over 200% in the past year—far surpassing all other global markets—South Koreans are borrowing heavily and doubling down on stock investments, with borrowing reaching record highs. Market trading volumes have soared to unprecedented levels, and daily fluctuations of 5% or more in stock indices have become the norm, making the Korea Composite Stock Price Index the most volatile major stock index in the world. The fear of missing out is spreading across South Korean workplaces, restaurants, and family gatherings, intensifying as more investors open stock accounts for their children. According to statistics from Toss Securities, the number of new stock accounts for those under 18 in the first quarter of this year surged nearly tenfold compared to the same period last year. Jang Eunjung, a 37-year-old video creator in Seoul, said, “Retail investor sentiment is extremely frenzied, almost to the point of madness.” As the stock market soared, her YouTube channel focused on stock investments grew from a handful of viewers to over 1.3 million subscribers. “Will we ever see such rapid, vertical growth again?” This trading boom is mainly driven by the core position of South Korean chip companies amid the artificial intelligence frenzy, turning the long-dormant South Korean stock market into one of the world’s key barometers for gauging the intensity of global AI investment enthusiasm.