SK Hynix Perps Flash Crash Signals Korea Rout, Visa Cuts 2,600 Jobs, PayPal Opens Door to M&A

Asian markets crater with South Korea's Kospi plunging eleven percent as SK Hynix perpetual futures flash crash to nine hundred dollars on Hyperliquid minutes before traditional markets opened. Bitcoin holds sixty-three thousand four hundred eighty-seven dollars while China AI threat sparks semiconductor selloff. Senate delays Clarity Act vote before August recess. Visa announces seven percent workforce reduction-two thousand six hundred employees-as CEO restructures operations, while PayPal beats earnings but signals openness to strategic deals. Apple faces one point eight million dollar lawsuit over fake Bitcoin wallet app left on App Store despite theft reports. Core Scientific pivots from mining to AI infrastructure with fourteen billion dollar AMD deal. Minnesota's prediction market ban temporarily blocked by federal judge. Wall Street cautiously adopts perpetual futures as weekend trading reshapes risk management. Markets await Fed decision Wednesday and critical PCE inflation data Thursday.