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South Korea to Hear Crypto Exchange Views Before January Tax Launch at Oct. 19 Meeting

South Korea’s government and cryptocurrency exchanges will discuss digital-asset taxation, which is scheduled to take effect in January next year. The closed-door meeting comes as calls are mounting in political circles to delay the rollout. Accordin

Liquidation Rumors Around AI Hedge Fund VARA Reignite Concerns Over Leveraged AI Stock Bets

Rumors of a liquidation at AI-focused hedge fund VARA are renewing attention on the risks of leveraged bets concentrated in AI-related stocks. While there has been no confirmation that the fund is actually being wound down, simultaneous declines in i

AI Stocks Slide, Oil Tops $110, Bitcoin Weakens to $81,000 Range

Debt concerns tied to artificial intelligence companies and a sharp surge in crude oil prices are pressuring financial markets. Major cryptocurrencies, including Bitcoin (BTC) and Ether (ETH), also weakened as U.S. technology stocks slumped. As of 11

More Than 70% of BNB Chain Tokenized Stock Trading Occurs Outside US Market Hours

Trading in tokenized stocks is increasingly taking place outside regular US market hours. On BNB Chain, more than 70% of total trading volume occurred outside the regular session, while the share also exceeded half on Solana and Base. Cointelegraph r

Coinbase, Marqeta to Launch Stablecoin Card Service for Businesses

Coinbase is launching a stablecoin-based card service with payments technology company Marqeta for business clients. The service will allow companies to use their stablecoin holdings to fund card payments. The Block reported on Oct. 16 that the compa

Samsung Electronics, SK Hynix Slide 17% and 24% in a Week on Peak Earnings Concerns

Samsung Electronics Co. and SK Hynix Inc. shares have fallen more than 17% and 24%, respectively, in the span of a week. The market appears more sensitive to slowing gains in memory prices and foreign selling than to strong chip earnings. On Oct. 16,

CoreWeave Slump Stokes AI Investment Anxiety as Rates, Midterms Threaten Year-End Rally

Debt repayment pressure at AI infrastructure companies is weighing on hopes for a year-end rally in U.S. stocks. CoreWeave’s sharp stock decline has sharpened concerns about funding, while the prospect of further monetary tightening and possible data

Visa Launches 24/7 USDC Payout Pre-Funding Service With i2c

Visa has commercially launched a stablecoin-based service that lets businesses pre-fund payout balances around the clock using USDC. Payment infrastructure company i2c Global is the first processor to offer the feature to its clients. The Block repor

Nasdaq Drops 2.15% as AI Debt Concerns, Oil Surge Hit Risk Appetite

U.S. stocks fell across the board as concerns over debt burdens at companies investing in artificial intelligence, along with rising crude prices, weighed on sentiment. Losses were most pronounced on the Nasdaq as selling concentrated in AI and semic

Stablecoin Remittance Fees 84% Lower Than Traditional Methods, Survey Finds

Fees for cross-border transfers using stablecoins are about 84% lower than those charged by traditional remittance methods, a survey found. For a $200 transfer, the median fee was $2 for stablecoin-based transfers, compared with $12.72 for convention

Fairshake Affiliate Spends $46.6 Million on Ohio Senate Ads, 55% Above Initial Plan

An affiliate of Fairshake, the cryptocurrency political action committee backed by Coinbase and Ripple Labs, spent $46.6 million on advertising in Ohio's U.S. Senate race. The total was about 55% above the $30 million it had originally planned. Crypt

Dollar-Won Rate Falls to 1,338.5; Softer US Inflation Could Drive Further Declines

The dollar-won exchange rate fell into the 1,330 won range for the first time in a month, drawing attention to whether it has room to decline further. Dollar selling by exporters has underpinned won strength, while US inflation data due this week is

[Weekly Economic and Crypto Calendar] US September PPI, Core PPI Among Key Events This Week

<Major economic events this week> ▶︎Oct. 12 (Mon.): △Annual Meetings of the International Monetary Fund and World Bank open in Bangkok, Thailand, running through Oct. 18 △Japanese financial markets closed for Sports Day ▶︎Oct. 13 (Tue.): △Germany Sep

Samsung Electronics Foreign Ownership Falls to 46.38% as Selling Continues Despite $77.8 Billion Operating Profit

Samsung Electronics posted third-quarter operating profit of 107.4 trillion won ($77.8 billion), but foreign investors continued to pull out. Foreign ownership fell into the 46% range, the lowest level in about 18 years and nine months. Korea Exchang

US Military Hits Merchant Ship in Gulf of Oman, Says It Tried to Breach Iran Maritime Blockade

The U.S. military struck a cargo ship in the Gulf of Oman after it departed an Iranian port, disabling the vessel and halting its voyage. U.S. Central Command said the ship ignored repeated warnings and attempted to breach a maritime blockade on Iran

Won-Yen Rate Falls to Lowest in More Than 18 Years, Driving Buys of Yen-Hedged US Treasury ETF

South Korean money is flowing into products that invest in US Treasuries via the yen as the won-yen exchange rate has fallen into the 840 won range per 100 yen. Investors are betting on both a rebound in long-dated US bonds and a recovery in the yen

Justin Sun Says Tron Launches Quantum-Resistant Testnet, Prepares Mainnet Rollout

Tron has deployed encryption technology designed to withstand quantum-computing attacks on its testnet. Founder Justin Sun said the network is also ready to bring the feature to the mainnet. Cointelegraph reported on October 10 that Sun wrote on X th

Bessent Says US May Seize $1 Billion in Iran-Linked Crypto This Week

The US is seeking to seize about $1 billion in cryptocurrency as it intensifies sanctions pressure on Iran. Cointelegraph reported on October 10 that Treasury Secretary Scott Bessent said at a Newsmax policy summit that the US is likely to seize abou

Acting US Army Chief Says Strengthening South Korea-US Security Posture Is Crucial

Acting US Army Chief of Staff Christopher LaNeve stressed the need to strengthen military readiness based on the South Korea-US alliance. He also pushed back against skepticism about the role of ground forces in the Pacific, saying the Army is a core

Kospi Tries for 7,000 Again as US Earnings Season Comes Into Focus

The Kospi is expected to take its direction this week, from Oct. 12 to Oct. 16, from third-quarter earnings by US companies and foreign investor flows. Local brokerages say the benchmark could try to establish itself above 7,000 if strong results fro

Trump Says Ukraine Needs New President, Pressuring Zelenskiy’s Removal

President Donald Trump publicly raised the possibility of replacing Ukrainian President Volodymyr Zelenskiy, as a dispute over a US-Russia agreement to increase Russian diesel supplies escalated into a clash over Ukraine’s leadership. Speaking to rep

DigitalX Says Prediction Markets Excelled on Rates, but Errors Grew on Geopolitics

DigitalX, Mirae Asset’s digital-asset investment platform, said the reliability of prediction-market probabilities varies depending on the type of event and when the market is observed. It found relatively stable forecasting performance for interest-

Grayscale’s Zcash ETF Tops $1 Billion in Assets Within 30 Trading Days

Grayscale’s Zcash exchange-traded fund surpassed $1 billion in assets under management within 30 trading days of its launch. The firm said the crypto ETF market, once concentrated in Bitcoin and Ether, is broadening to include a wider range of assets

US Spot Ethereum ETFs Post $161 Million in One-Day Outflows, Lose $506.3 Million Over Five Days

US spot Ethereum exchange-traded funds recorded net outflows of $160.9 million in a single day. Cumulative net outflows over the past five trading sessions reached $506.3 million, the largest since Jan. 23. Trader T data published on Oct. 7 showed Bl

US Spot-Bitcoin ETFs See $484.9 Million in Net Outflows in a Day, Most Since June 25

US spot-Bitcoin exchange-traded funds recorded about $484.9 million in net outflows in a single day, the largest amount since June 25. According to Trader T data on Oct. 7, total net outflows from US spot-Bitcoin ETFs came to $484.9 million. BlackRoc

South Korea Lawmaker Lee Kang-il Says $45.6 Billion Has Flowed Overseas, Urges Faster Won Stablecoin Rules

Lee Kang-il, a lawmaker from South Korea’s Democratic Party, urged authorities to accelerate rulemaking for won-backed stablecoins and tokenized assets, saying delays in establishing a domestic digital-asset framework are driving capital overseas. At

FSC Chair Lee Eok-won Apologizes Over Single-Stock Leveraged ETF Losses, Says Launch Was FSC Decision

Lee Eok-won, chair of the Financial Services Commission, apologized for investor losses and concerns over market volatility that surfaced after the introduction of single-stock leveraged exchange-traded funds. He said, however, that the products were

NEAR Co-Founder Says On-Chain Expansion Will Reduce Centralized Exchanges' Role

NEAR Protocol co-founder Illia Polosukhin said the expansion of on-chain financial services will reduce the need for centralized exchanges. In an interview at Singapore's Digital Asset Summit 2026 on Oct. 7, The Block reported, Polosukhin said "many

FSC Chairman Lee Pledges Faster Digital-Asset Legislation, Expanded Support for Vulnerable Borrowers and Tight Household Debt Control

Lee Eog-weon, chairman of the Financial Services Commission, said he would push ahead with digital-asset legislation and measures against financial crime while expanding financial support for vulnerable groups during a period of rising interest rates

Sui Logs 40.61 Million Transactions a Second in Off-Chain Test Targeting AI Trading

Layer-1 blockchain Sui said it recorded throughput of more than 40.61 million transactions per second in a stress test simulating high-frequency trading by artificial intelligence agents. Cointelegraph reported on October 7 that Sui demonstrated its