交易所 · 28958

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)

58m agoburnking

Analyst: Bitcoin IFP indicator flashes bullish signals, leveraged funds are back active

Comparing news, Cryptoquant analyst CW8900 wrote that the BTC interexchange flow pulse (IFP) indicator has shown bullish signals, which means that the amount of BTC flowing into derivatives exchanges is increasing, and leveraged investment is becoming active again. The signal indicates that upward pressure on derivatives exchanges is rising, upward pressure driven by leverage is restarting, and the rebound is resuming after a period of continuous adjustment since July.

2h ago

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

Korea Financial Supervisory Service Launches Real-Time AI Platform: Detecting Cryptocurrency Price Manipulation

Comparing news, according to N reports, Korea's Financial Supervisory Service has launched a real-time artificial intelligence platform to detect cryptocurrency price manipulation. One of the core functions of the system is the ability to identify short-term price manipulation by referring to a historical database of known market abuse strategies. The Korea Financial Supervisory Service will next expand the system to track cross-exchange capital flows and on-chain blockchain activity.

5h ago

Analysis: This round of BTC's rise is accompanied by a decline in OI, and spot demand is showing for the first time

Comparing news, on-chain data analyst Murphy wrote that this round of BTC's rise was “a bit different”: the scale of futures liquidation reached a record, but unclosed positions (OI) declined at the same time. The price increase was mainly driven by short stop-loss or liquidated purchases to close positions. It was a liquidated stock position rather than a net exposure to newly opened leveraged positions. If it is driven only by liquidation, the price often falls back after being inserted; after this increase, the price stagnates, indicating that other spot funds have taken over. Murphy pointed out that if contract bulls lead, OI usually rises and rates rise, but this round of OI has almost completely declined, and no new leverage has entered the market on a large scale. The exchange's spot relative volume (SRV) reached 2.94 from August 19 to 20, which is about 3 times the average for nearly 30 days. Similar volumes in the past two years have mostly occurred during a downturn or a bull market. This is different from the situation where leverage was dominated by the rebound to about 96,000 US dollars in January and the rebound to about 82,000 US dollars in May. He stressed that spot demand is only the first potential sign since entering a bear market. Combined with price challenges to the short-term holder cost line (STH-RP) and the sellers' exhaustion index entering an extreme zone, it is not enough to determine a trend reversal.

7h ago

Upbit warns of SAND transaction risks: suspected cybersecurity incident, reminding users to trade with caution

Comparing news, Upbit issued an announcement stating that it has discovered signs of suspected security issues on The Sandbox (SAND) network, so users are reminded to be aware of transaction risks. Upbit said that due to the suspected security incident on the SAND network in 2026, the market may experience increased price fluctuations as a result. The exchange advises users holding SAND assets to pay close attention to relevant developments and conduct trading operations with caution. Currently, Upbit has not disclosed the details of the attack or the scale of the loss; it only provides relevant on-chain transaction addresses for users to inquire. Earlier today, The Sandbox's native token SAND on the Base network is suspected to have experienced a serious security breach. Attackers have obtained permission to mint tokens and can arbitrarily issue additional SAND tokens.

8h 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

SEC Proposes Reg Crypto: Establishing a Legal Path for the Public Offering of Some Tokens and the Withdrawal of Investment Contracts

Comparing news, Galaxy's research director posted an article on the X platform stating that the US Securities and Exchange Commission proposed the “Crypto Asset Regulation” to regulate Crypto Assets, referred to as Reg Crypto for short. The proposal aims to establish a legal path for some tokens to be issued to the US public and establish a mechanism to terminate investment contracts. The scope of application is limited to cryptographic assets that are not securities themselves but have been issued or sold as part of an investment contract. Tokenized stocks, bonds, and arrangements for bundling tokens with shares or other securities are not within the framework. The proposal establishes four stages: financing, disclosure, construction, and exit. The one-time startup exemption allows issuers to raise $5 million over a maximum period of 4 years; higher exemptions set by reference to Regulation A allow $20 million or $75 million in 12 months. Relevant financing is subject to SEC qualification review and ongoing disclosure. The maximum investment amount for uncertified investors is 10% of those with high annual income or net assets. Issuers are also required to disclose token supply and release plans, minting and destruction mechanisms, governance and smart contract authority, source code, and project construction commitments and progress. When the issuer completes or permanently suspends the relevant construction obligations, does not make new construction commitments, and submits a transition report, the relevant investment contract will be deemed terminated, and cryptographic assets will no longer be subject to the securities law under the investment contract. Issuers that have not used the above financing exemptions can also use this safe harbor. The US Securities and Exchange Commission estimates that approximately 475 issuers will use the safe haven of investment contracts each year, and about 130 issuers will use the two new exemptions. Eligible issuances may not be restricted securities and may be immediately resold without contractual restrictions. The proposal also excludes covered initial offerings and some secondary transactions from state registration and qualification requirements, but it does not involve exchanges, brokers, dealers, escrow, or independent innovation exemptions for tokenized securities and on-chain transactions. The comment period is 60 days after publication in the Federal Register. SEC Chairman Paul Atkins and members Hester Peirce and Mark Uyeda all issued statements of support.

20h ago