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BlockBeats News, June 22nd, according to Bloomberg, Kang Young-sun, head of the South Korean President's Policy Office, stated that policymakers need to pay attention to how the wealth created by the chip-driven prosperity in South Korea will be transmitted to a broader economic sphere, and warned that historical experience shows that excess liquidity often flows into the real estate market. He pointed out that driven by the global AI boom, the South Korean semiconductor industry's profits have surged, leading to South Korea's nominal economic growth reaching the fastest pace in over two decades. Despite overall economic data showing an exceptionally strong growth trend, many ordinary households and small businesses have not truly shared in this round of growth dividends. This policy official emphasized that the current South Korean economy exhibits a clear structural differentiation: on the one hand, the AI and chip industries are generating huge profits; on the other hand, the residents and small businesses in the real economy still have limited sense of gain. Therefore, the South Korean government needs to closely monitor the flow of funds to prevent excessive newly created wealth and liquidity from pouring into the real estate market, driving up housing prices and accumulating new financial risks. Click on the original text link below to join the BlockBeats · Lark AI News Channel and stay informed of global AI trends and news 24/7.

On June 22, Kuwait is requiring customers to collect refined oil products from ports located deep in the Persian Gulf. A document seen by the media indicates that the state-owned Kuwait Petroleum Corporation has issued a tender for the sale of naphtha, requesting buyers to pick up the goods from the country's ports. These shipments need to be transported through the waterway to reach the customers. Traders noted that this is the first time in a long while that such sales arrangements have been seen, although no further specifics were provided. They pointed out that unlike previous sales, this time buyers are required to charter vessels for the transportation of goods. Meanwhile, Kuwait Petroleum Corporation did not immediately respond to requests for comments outside of business hours.

ChainCatcher reports, according to Coinglass data, the current Cryptocurrency Fear and Greed Index is 21, down 1 point from yesterday. The 7-day average is 19, and the 30-day average is 18.