上市 · 12660

Korean retail investors flocked to US stocks to bet on SK Hynix ADR, and 1.16 trillion won capital inflows triggered a sharp premium

Comparative news, according to data from the Korea Securities Depository and Settlement Agency, South Korean retail investors are buying up their ADR (American Depositary Receipts) listed on the US NASDAQ in a big way, causing ADR to have a large premium compared to local Korean stocks. Since SK Hynix ADR was listed on NASDAQ on July 10 to August 19, Korean investors have accumulated a net purchase of SK Hynix ADR of about US$835 million (approximately 1.16 trillion won), ranking second among US stocks bought by Korean investors during the same period, accounting for 16.4% of the total net purchase amount of US stocks by Korean investors. This trend triggered the price gap between SK Hynix ADR and local Korean stocks to continue to widen. SK Hynix Korea's shares closed down 9.75% to 1.5 million won on August 19; ADR in the US market rose 0.35% to close at $156.16. Since 1 SK Hynix ADR corresponds to 0.1 shares of the Korean capital stock, theoretically, the share value after converting the ADR price should be about 10 times the ADR price. However, as of the 19th, the Korean stock price was only 6.82 times the ADR conversion price, which meant that ADR formed a premium of about 46.67% compared to the capital stock. (NATE)

1m ago

Bonk Guy: Major public chains are fully competing for retail investors, liquidity, and users. The on-chain market may explode in this round

Comparing news, crypto KOL “Bonk Guy” Unipcs wrote that the market may have seriously underestimated the scale of development of the on-chain market in this round. Currently, Robinhood, BNB Chain, Base, and Solana are all vying for retail market, liquidity, users, and attention. Unipcs believes that all major ecosystems hope to become the leading chain in this cycle and are willing to invest significant resources to promote ecological growth. It is expected that competition and activity in the on-chain market will further heat up.

1m ago

South Korea plans to launch a new securities market in mid-November, and the STO market is at a critical turning point

Comparatively, the Korea Exchange (KRX) plans to launch a new securities market on November 16. At that time, assets such as art, real estate, and music copyright will be traded like stocks through securities accounts. According to reports, the Korea Exchange is currently advancing the construction of relevant trading systems and preparations for market participants, and will conduct simulated trading for 6 weeks from October 6 to November 13. The official opening time may be adjusted according to the financial supervisory authority's approval process for listed products. After the market opens, investors can trade through securities company accounts, and the trading time is consistent with the stock market. Analysts believe that the securities token issuance (STO) industry in the Korean market is already at an important turning point. Although new securities listed and traded in November will be temporarily issued and registered using traditional electronic securities methods, subsequent tokenized securities based on blockchain distributed ledger issuance and management will gradually be implemented after the relevant laws are officially implemented in February 2027. (TheDailyEconomy)

1m ago

South Korea plans to open virtual asset accounts to about 3,500 companies, and the central bank plans to test AI proxy deposit tokens by the end of 2026

Comparing news, Factblock CEO and Korea Blockchain Week organizer Andrew Park said that the Korean crypto market is shifting from being driven by retail transactions to institutional digital finance. The focus of global financial institutions and enterprises has moved from tokens, exchanges, and prices to escrow, tokenization, stablecoins, payment and settlement infrastructure, and regulatory compliance. The Korea Financial Services Commission has proposed a framework to open corporate virtual asset accounts to approximately 3,500 listed companies and registered professional investors. The National Assembly of Korea has officially passed amendments to the Electronic Securities Act and the Capital Markets Act to incorporate tokenized real-world assets and security tokens into a unified legal framework. The Bank of Korea has completed initial testing of the Project Hangang real-world deposit token project and plans to conduct the second phase of institutional testing in late 2026. Related technical experiments have used wholesale deposit tokens to allow AI agents to execute automated conditional transactions. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

57m agoburnking

Crypto exchange trading revenue share declined, and Coinbase and others increased stablecoin and prediction markets

Comparative news: In the second quarter, the trading revenue of the three listed crypto exchanges Coinbase, Bullish, and Gemini declined sequentially. The gap between transactional and non-transactional revenue of all three platforms narrowed, and Coinbase reduced the difference from around $132 million to $44 million in one year. Coinbase expanded the layout of products such as stablecoins and prediction markets, and the average USDC holdings increased 44% year over year to $20 billion in the third quarter. Gemini tripled the number of market makers in the forecast market at the beginning of the year. Bullish launched a new rewards program to support the trading business, and adjusted transaction revenue fell 21% month-on-month to $29.9 million in the second quarter, but increased 24% year-over-year. Gemini's trading volume fell 66% year over year to $3.8 billion, and transaction revenue fell 38%.

2h ago

Bitdeer sold 265.6 BTC this week and continues to maintain zero holdings

In comparison, Bitdeer, a Nasdaq-listed Bitcoin mining company, released the latest data on Bitcoin holdings on the X platform. As of August 21, its Bitcoin mining output was 265.6 BTC, selling 265.6 BTC during the same period, with a net increase of 0 BTC. Currently, it continues to maintain zero Bitcoin holdings.

6h ago

Data: Markets on Polymarket are betting that the probability of BTC hitting $80,000 in August is about 81%

Comparing the news, predicting the market Polymarket's question “What price will Bitcoin reach in August?” According to the contract, up to now, the probability that BTC will hit $80,000 in August is about 81%, the probability of touching $82,500 is about 49%, and the probability of touching $85,000 is about 27%. The probability of falling below $75,000 is about 50%. The above data changes in real-time with market transactions, and there are still about 9 days until the end of August.

7h ago

ZEC rose more than 29% in 24 hours, the price of the currency approached an all-time high, and the market capitalization rose to US$12.46 billion

Comparative news, according to HTX market data, ZEC rose more than 29% in 24 hours and is now quoted at $735.47, approaching the previous all-time high of $750, and its market capitalization has risen to $12.46 billion. Earlier, on June 5, Zooko Wilcox, founder of Zcash, published a long article with Jason McGee and Taylor Hornby, detailing that the Orchard pool, the project's newest privacy layer, had key integrity flaws and could be used to create an unlimited amount of counterfeit ZEC in a hidden environment. Previously, the Zcash ecosystem had an urgent network upgrade and repair, but after the detailed impact was disclosed, the ZEC price fluctuated drastically, and at one point hit the downward pin of $250.12. On August 20, Grayscale submitted the fourth revised document to convert its Zcash Trust into an ETF, to change the name of the fund and list it on the NYSE under the ZCSH code. According to the documents, DCG International Investments Ltd., a subsidiary of its parent company Digital Currency Group (DCG), is discussing injecting approximately 200,000 ZEC into the fund.

10h ago

Anthropic's valuation targets $2 trillion, funding may exceed $100 billion

Comparing the news, according to the “New York Times”, two people familiar with the matter revealed that Anthropic recently stated during discussions with potential investors that the San Francisco-based company may seek to raise more than 100 billion US dollars in an initial public offering. According to people familiar with the matter, the offering could also raise the company's valuation to $2 trillion. If successful, Anthropic, which is only five years old, will set the record for the largest public offering in history, surpassing the record set by Musk's SpaceX in June this year — the latter was valued at $1.77 trillion when it went public and raised $85.7 billion. It would also be a major leap forward for Anthropic. The company reached a valuation of $900 billion in a private funding round this year and submitted a listing application in June.

11h ago

Grayscale submits a fifth amendment to the US SEC, and Zcash ETF accelerates

In comparison, according to The Block, Grayscale submitted a fifth amendment to the US Securities and Exchange Commission (SEC) on August 21 to further advance its Zcash ETF listing plan. According to the latest application, the product will officially be renamed “The Zcash ETF”, with an annual management rate of 2.5%. It is planned to be listed under the code “ZCH” on the Arca section of the New York Stock Exchange. The custodian is Coinbase Custody Trust Company, and the transfer agent is Bank of New York Mellon. The ETF will be converted from Grayscale's existing Zcash Trust, which has been in operation since 2017 and currently has over $260 million in assets under management. Previously, in the fourth amendment application, a subsidiary of Grayscale's parent company Digital Currency Group had discussed injecting approximately 200,000 ZEC into the fund.

11h ago