Suehyeon Lee

Kospi Falls 1.31%, Slips Back Below 5,700 Despite Rebound in US Tech Stocks

US technology stocks rebounded overnight, but South Korea’s stock market opened lower, sending the Kospi back below the 5,700 level. As of 9:02 a.m. on Oct. 20, the Kospi was trading at 5,692.46, down 1.31% from the previous session. The benchmark sl

Crypto Lending Vault Deposits Top $10 Billion as Yield Demand Rises, Risks Loom

Funds are pouring into crypto lending products that offer high yields, driving rapid growth in the market as regulators consider how to oversee the sector. CoinDesk reported on October 19 that total deposits in crypto lending vaults have surpassed $1

BlackRock Files With SEC to Launch Downside-Protected Bitcoin ETF

BlackRock, the world's largest asset manager, is seeking to launch a new exchange-traded fund designed to capture gains from rising Bitcoin prices while limiting downside risk. The Block reported on October 19 that BlackRock filed a registration stat

Galaxy Digital Slides 30% in Two Weeks on CoreWeave Financial Concerns; StoneX Says Stock Is Undervalued

Galaxy Digital Holdings Ltd. (GLXY) has slumped as concerns over the financial health of CoreWeave, a key customer for its AI data-center business, weighed on the stock. StoneX said the drop has left the shares trading well below the company’s intrin

Oil Mixed Amid Hormuz Tensions as Brent Nears $110 a Barrel

Oil was mixed as the market weighed the possibility of tighter Iranian control over the Strait of Hormuz against a rebound in crude exports from the Persian Gulf. According to Bloomberg on Oct. 19, front-month West Texas Intermediate traded around $9

US Crypto Industry Ramps Up Midterm Spending, Backs Democrat With $362,000

The US crypto industry is expanding political spending ahead of the November midterm elections to support candidates viewed as friendly to digital assets. Cointelegraph reported on Oct. 19 that Protect Progress, an affiliate of crypto-backed super PA

SEC Closes Comment Period on Crypto Rule Proposal After About 140 Submissions

The U.S. Securities and Exchange Commission has closed the public comment period on its proposed crypto-asset rules, drawing both support and concern from market participants. Cointelegraph reported on October 19 that the SEC was concluding the comme

Visa, Mesh Pursue Direct Crypto Payments Across 175 Million Merchants Worldwide

Visa Inc. is partnering with crypto payments network Mesh on a service that would let consumers use cryptocurrencies and stablecoins held in digital wallets for everyday purchases. Cointelegraph reported on October 19 that Visa and Mesh signed a part

Bitcoin Falls Below $82,000 Despite US Stock Rebound as Rising Treasury Yields Weigh

Bitcoin slipped below $82,000 after an attempt to break above $83,000 ran into selling pressure. The crypto market diverged from a broader rebound in equities and bond yields. Cointelegraph reported on Oct. 19 that Bitcoin rose as high as $83,062 dur

Mastercard Unveils Stablecoin Security Tool, Targets Global Rollout Next Year

Mastercard has introduced a security solution designed to detect financial-crime risks such as fraud and money laundering before stablecoin payments are completed. Cointelegraph reported on October 19 that Mastercard unveiled Stablecoin Security, a t

Metaplanet Seeks 93.7% Stake in Nasdaq-Listed Super League to Expand Bitcoin Investment

Japanese Bitcoin holder Metaplanet is seeking to take control of Nasdaq-listed Super League as it moves to expand Bitcoin investment through US capital markets. Cointelegraph reported on Oct. 19 that Super League shareholders approved proposals relat

Mirae Asset Securities Eyes First-Quarter 2027 Launch of Tokenized Products, Reviews Private MMFs and Bonds

Mirae Asset Securities is reviewing privately placed money market funds and private bonds for institutional investors as it targets a first-quarter 2027 launch for its first tokenized financial products. Digital Asset reported on October 19 that Mira

MARA Holdings Moves 1,000 BTC to Exchanges Over Five Days, Fueling Sale Speculation

MARA Holdings, the world’s largest publicly traded Bitcoin miner, has recently moved a large amount of Bitcoin to crypto exchanges, prompting speculation that it could sell part of its holdings. On Oct. 19, Lookonchain said wallets linked to MARA Hol

FSS Chief Lee Chan-jin Says Current Oversight Struggles to Keep Up With Fast-Moving Crypto Fraud

Lee Chan-jin, governor of the Financial Supervisory Service, acknowledged that financial authorities acting under the current supervisory system would struggle to respond quickly to cryptocurrency fraud that moves rapidly across blockchain networks.

National Pension Service’s South Korean Stock Holdings Lose $132 Billion as Samsung, SK Hynix Slide

A sharp selloff in South Korea’s stock market, led by semiconductor shares, erased about 182.4 trillion won ($131.6 billion) from the value of the National Pension Service’s stakes in major listed companies. According to data compiled by financial in

Bitcoin Reclaims $82,500 as Stronger China Data, Lower Oil Boost Risk Appetite

Improving Chinese economic data and falling crude prices are reviving risk appetite across global financial markets, helping Bitcoin and other major assets rebound. Bitcoin traded around $82,500 on October 19, up 1.3% from 24 hours earlier, CoinDesk

Mt. Gox Extends Creditor Repayment Deadline to Oct. 31, 2027 in Fourth Delay

Mt. Gox, the defunct cryptocurrency exchange that went bankrupt after a major hack, has extended the deadline for repaying creditors by another year. According to the crypto industry on October 19, the exchange's bankruptcy trustee said in a notice d

South Korea’s FSS to Intensify Probes Into Unfair Crypto Trading Tied to Issuer Foundations, Bolster AI Surveillance

South Korea’s Financial Supervisory Service will make unfair trading tied to cryptocurrency issuer foundations a priority for inspection and strengthen market surveillance and investigative capabilities using artificial intelligence. On October 19, t

FSS Governor Lee Chan-jin Pledges to Check Vitoz Ties to Financial Firms Over KOK Coin Fraud Allegations

Lee Chan-jin, governor of South Korea’s Financial Supervisory Service, said he would verify cooperation between blockchain company Vitoz and domestic financial institutions after allegations that the company was tied to the KOK Coin fraud case. Lee m

Michael Saylor Says Bitcoin Bull Market Is Back, Sees Faster Financial-Sector Entry Over Next 1-2 Years

Strategy Chairman Michael Saylor said Bitcoin is re-entering a bull market and that an expansion of related services by financial institutions will support the uptrend. Wu Blockchain reported on October 19 that Saylor said in a recent interview that

Latvia Seeks to Allow Tax Payments in Virtual Assets Next Year, Revamps Crypto Tax Rules

Latvia is moving to allow individuals to pay taxes with virtual assets as early as next year as it seeks to attract cryptocurrency companies and investors. CoinDesk reported on October 18 that Didzis Dejus, an adviser to the Latvian prime minister on

BlackRock Seeks Broader Use of Tokenized Assets as Collateral, Payment Tool in Traditional Finance

BlackRock, the world’s largest asset manager, is exploring ways to use tokenized assets not only in crypto markets but also as collateral and a means of payment in traditional finance. Bloomberg reported on October 18 that BlackRock is looking beyond

South Korea’s Lee Reaffirms Cautious Stance on Crypto Tax, Says Decision Will Follow Consultations

South Korean Vice Premier Lee Hyoung-il, who also serves as finance minister, reaffirmed that the government will make a final decision on taxing virtual assets, or cryptocurrencies, set to take effect in January next year only after fully reviewing

Stablecoin Payment Volume Jumps 45% as Supply Stagnates

Stablecoin supply has been largely flat this year, but payment volume and transaction counts have risen sharply, underscoring growing use as a real-world payment method. CoinDesk reported on October 18 that blockchain analytics firm Allium said stabl

Putin Proposes November Trump-Xi Summit to Discuss Ending Ukraine War

Russian President Vladimir Putin has proposed a three-way summit with U.S. President Donald Trump and Chinese President Xi Jinping to discuss ways to end the war in Ukraine, Bloomberg reported. Citing The Wall Street Journal, Bloomberg said on Octobe

South Korea to Meet Five Major Crypto Exchange CEOs on Oct. 20, Hear Views on Tax Delay

The South Korean government will meet with the heads of the country’s five major cryptocurrency exchanges ahead of the planned January introduction of virtual-asset taxation to review preparedness and hear industry requests. The government will hold

Companies Push Back on SEC Stock Tokenization Regime as Broadcom, Verizon and Others Refuse Listing

A new US Securities and Exchange Commission framework allowing tokenized stock trading is running into resistance from major companies, slowing the regime's broader rollout. CoinDesk reported on Oct. 18 that OKXICE, a joint venture between crypto exc

Kospi Falls 1.5% Early as US Tech Weakness Pushes Index Back to 5,580

South Korea’s Kospi fell more than 1% in early trading on October 19, with selling centered on large-cap stocks after declines in US technology and semiconductor shares. As of 9:04 a.m., the Kospi was down 87.49 points, or 1.54%, at 5,580.56 from the

Analysis: Binance Meme-Coin Selling Pressure Tops $1.4 Billion Since Bitcoin Peak

Bitcoin's steep decline from its peak is deepening weakness across the digital-asset market, according to an analysis. CryptoQuant contributor Darkfost wrote on Oct. 18 that cumulative selling pressure in Binance's meme-coin segment has exceeded $1.4

Today’s Key Economic and Crypto Events: China 3Q GDP, Cardano Foundation Research Exchange Session

Today's Key Economic Events ▶ Oct. 19 (Mon.): China's third-quarter gross domestic product (GDP) (10 p.m. on Oct. 18 U.S. time / 11 a.m. on Oct. 19 Korea time) Today's Key Crypto Events ▶ Oct. 19 (Mon.): Cardano (ADA) Foundation Research Exchange Ses