Waller Jackson Hole Hawkish Shock, Markets & Bitcoin Plunge Nvidia Agrees to $12.9B HuggingFace Acquisition

Nvidia has agreed to acquire open-source AI model hub HuggingFace for $12.9 billion (approx. 18 trillion won), according to The Information. The deal would see Nvidia absorb a platform hosting over one million open-source models, pursuing vertical integration from chips to AI software.

Meta announced a patch for a loophole in Ray-Ban smart glasses that allowed covert recording by covering the privacy LED indicator. The fix adds a feature to automatically stop the camera when the LED is blocked.

Fed Chair Kevin Waller said at Jackson Hole 'there is more work to do' if he lacks confidence inflation is returning to target, sending Nasdaq down 0.52% and Nvidia down 4.57%. The yen weakened to 160.20 per dollar.

The Bank of Korea reported that resident dollar deposits reached $108.9 billion at end-July, a record high. The surge in dollar buying followed the drop in the dollar-won rate from 1,549 won at end-June to 1,424 won at end-July.

Iceland held a referendum on August 29 on resuming EU accession talks suspended in 2013. Early counts showed 46% in favor and 46% opposed. The result is advisory; if 'yes' prevails, a second referendum would decide final accession.

Russian forces struck an ammunition depot near Kyiv on August 29, triggering a large explosion. At least 37 people were killed.

Chinese President Xi Jinping arrived in Egypt on August 29 for a state visit. The trip focuses on Belt and Road Initiative cooperation and expanding China's diplomatic footprint in the Middle East and Africa.

South Korea's KDCA reported 33 heat-related deaths through August 26. A temperature of 42.5C in Yangsan on August 2 set a 122-year national record. Adults 80 and older accounted for more than 60% of deaths.

The Ministry of the Interior and Safety issued an emergency response alert for heavy rain forecast August 29-31, with 20-30mm per hour and over 50mm in some areas. Authorities mobilized all available resources amid concerns of secondary flooding in areas hit in mid-August.

Seoul National University Hospital hosted the 2nd National University Hospital Public Sector Symposium with 170 participants on August 28. Data showed 70% of regional emergency transfers are due to staff and equipment shortages; cooperation models including Chungnam's FASTLINK app were shared.

Chonnam National University Hospital signed medical tourism agreements with Baixiang Holdings (China), Interclinic (Russia), and VK One-Stop (Vietnam) on August 24. The hospital subsequently hosted a facility tour for 10+ overseas referral agency representatives from eight countries.

The $4 billion Nancy Grace Roman Space Telescope was mated to SpaceX's Falcon Heavy on August 29, with launch set for August 30 at 07:26 EDT. It will survey dark energy, dark matter, and exoplanets with a field of view 100 times wider than Hubble.

NASA's Curiosity rover achieved a cumulative elevation gain of 1 kilometer on Mars, ascending from Gale Crater toward Mount Sharp over 14 years. A panorama composed of 323 images was released.

Park Jiwon appeared on JTBC's 'Knowing Bros' and revealed she received almost no settlement income for about seven years after debuting, relying on pocket money from her mother. She said she worried about insufficient balance when paying for meals.

SHINee's Taemin shared behind-the-scenes visuals one day before his new album 'PHASE 1 : SOFT VIOLENCE' release. His 2026-2027 world tour 'LiMiNaL' has also been confirmed.

Samsung Lions defeated KT Wiz 4-2 in KBO regular season play on August 29.

LG Twins defeated Lotte Giants 8-3 in KBO regular season play on August 29.

Ulsan HD FC defeated Gimcheon Sangmu 3-1 in K League 1 Round 26 on August 29.

The Ministry of Science and ICT selected SK Telecom, Kakao, and KT as three consortia for its 'AI for All' project. The initiative aims to develop Korean AI chatbots and agents for nationwide deployment by year-end, with 512 Nvidia B200 GPUs in support.

Samsung Biologics plans to issue approximately 2.27 million new shares at 1.32 million won each, raising 3 trillion won. About 2.7 trillion won will fund the acquisition of Polypeptide Group, a GLP-1 CDMO, with the remainder allocated to campus expansion in Songdo.

Prime Minister Han Seongsuk visited a private redevelopment site in Seongbuk-gu, Seoul on August 29, pledging expanded financial and policy support for the addition of over 230,000 housing units in the greater Seoul area and directing agencies to expedite groundbreaking.

SH's Mirinaezip (long-term public lease) units set for release in September in the Gangnam area carry deposits as high as 1.4 billion won, but the total asset eligibility limit for applicants is 662 million won, drawing criticism over the gap in access for young people and newlyweds.

Seoul Energy Corporation declared a winter cost crisis, noting city gas fees rose 46% even as Dubai crude fell 36%. The utility cited the structural issue that 82% of LNG demand is concentrated in winter months.

The Korea Meteorological Administration officially announced the formation of Typhoon No. 23 'Bangrang' in the ocean northeast of Guam on August 28. Forecasts call for 20-60mm of rain nationwide on August 29-30, with some areas expected to see over 50mm per hour.

Chungju City has moved ahead with a hydrogen pipeline nationalization demonstration project (2km total, 5.1 billion won in national funding) and a green hydrogen production infrastructure project using Chungju Dam hydropower. Equipment procurement is complete with civil works set to begin next year.

The National Council on Educational Policy held a deliberative forum on future college admissions on August 29. The Korean Secondary Teachers' Union flagged 17 of 20 source citations in pre-materials as erroneous and called for an impact assessment of AI grading before implementation.

A Korea Labor and Society Institute issue paper found that 38.8% of elementary teachers are at risk of depression, 11 times the general public rate. The PTSD risk was 8.4 times higher than for firefighters, classifying elementary teaching as an extreme mental health risk occupation.

Rep. Moon Jin-seok of the Democratic Party introduced an amendment to the Special Tax Treatment Control Law adding autonomous vehicles and future mobility to domestic production tax credits. The measure aims to support Hyundai's competitiveness against BYD and Tesla.

LG Innotek has secured a contract to supply five-direction, 360-degree high-resolution camera modules for Zoox's purpose-built robotaxi production. Zoox operates a fully driverless robotaxi service in Las Vegas.

ShinyHunters claims it obtained access to Salesforce and Snowflake via an Okta voice phishing attack and stole approximately 284 million McKesson customer records including names, SSNs, and prescriptions. McKesson said it became aware of the breach August 25 and is investigating.

A zero-day vulnerability in all versions of PaperCut NG and MF allowing unauthenticated remote Java code execution was found being exploited. An emergency patch was released on August 28, with approximately 1,000 internet-exposed instances at immediate risk.

ServiceNow released patches for four vulnerabilities including CVE-2026-18885, -18886, and -74820, which allow unauthenticated remote code execution and SQL injection on the Now Platform and ServiceNow AI Platform. No active exploitation was confirmed.

CISA added CVE-2026-8452, an unauthenticated RCE vulnerability in Citrix NetScaler being actively exploited, to its Known Exploited Vulnerabilities catalog and ordered US federal agencies to apply the patch by August 30.

Bitcoin retreated from a three-month high of $81,455 to the $77,000 range following Jackson Hole. The token had gained 23% during August before profit-taking pressure accelerated on macro uncertainty.

Solana's first-ever network-wide governance vote passed SGP-0002, cutting annual token issuance by 30%. Validators linked to Kraken and Galaxy switched their votes, sealing the result. The SOL supply is projected to decline by approximately 18.9 million tokens.

Ripple published a four-phase roadmap to transition the XRP Ledger to quantum-resistant cryptography by 2028, starting with a Devnet hybrid implementation in the second half of 2026. Ripple described the timeline as more concrete than those of Bitcoin or Ethereum.

Korea McDonald's is preparing to open a new store near Seongsu Station, marking its return to the area three years after closing in 2023. Burger King is also planning to open its world's first flagship 'Flame Ground' in Seongsu on September 10.

Excessive coliform bacteria were found in Chungjang Ranch's 'Mokjangae Yogurt' fermented milk product. Authorities immediately halted sales and ordered a recall of units with a use-by date of September 14, 2026.

Rep. Ko Dong-jin of the People Power Party introduced a bill to ban advertisements connecting high-caffeine drinks such as energy drinks to 'improved concentration' or 'all-nighters.' The bill also targets promotions of high-caffeine products in children's food safety protection zones.

The Ministry of Employment and Labor's July establishment labor survey showed Q2 real wages fell 0.8%, declining for three straight months since April under the combined pressure of high exchange rates, oil prices, and inflation. Involuntary separations rose by 131,000, twice the level of voluntary separations.

Workers at semiconductor supply chain firms including Hana Materials and Rino Company testified to working more than 60 hours per week. Hana Materials enforced a lockout while Rino's union continued a full strike on its 36th day.

The Korean Metal Workers' Union held its second nationwide strike, demanding that prime contractors engage in direct collective bargaining. CJ Logistics has not responded to bargaining requests for six months; reform of the primary-subcontractor bargaining structure is the central demand.