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SEC Unveils Fiscal 2027 Exam Priorities, Flagging Tokenization and AI RisksThe U.S. Securities and Exchange Commission has released its examination priorities for fiscal 2027. Cointelegraph reported on October 23 that the SEC identified risks related to tokenization as one of its key examination areas. The agency also included artificial intelligence, emerging technologies, cybersecurity, investor protection, private funds and private credit, and compliance with anti-money laundering rules among its main focus areas.

SEC Unveils Fiscal 2027 Exam Priorities, Flagging Tokenization and AI Risks

The U.S. Securities and Exchange Commission has released its examination priorities for fiscal 2027.
Cointelegraph reported on October 23 that the SEC identified risks related to tokenization as one of its key examination areas.
The agency also included artificial intelligence, emerging technologies, cybersecurity, investor protection, private funds and private credit, and compliance with anti-money laundering rules among its main focus areas.
Michael Saylor diz que o objetivo da Strategy é aumentar as reservas de Bitcoin por açãoA Strategy definiu como objetivo central aumentar suas reservas de Bitcoin por ação. Michael Saylor, presidente do conselho da empresa, escreveu em uma publicação no X, em 23 de outubro, que “nosso objetivo é aumentar a quantidade de Bitcoin por ação”. Ele acrescentou que a Strategy está usando “Capital Digital”, “Crédito Digital” e “Ações Digitais” para fazer isso. A Strategy continuou a ampliar suas reservas de Bitcoin, mantendo o token como seu principal ativo de reserva do tesouro e usando diversas ferramentas de captação de recursos, incluindo ações ordinárias MSTR e ações preferenciais.

Michael Saylor diz que o objetivo da Strategy é aumentar as reservas de Bitcoin por ação

A Strategy definiu como objetivo central aumentar suas reservas de Bitcoin por ação.
Michael Saylor, presidente do conselho da empresa, escreveu em uma publicação no X, em 23 de outubro, que “nosso objetivo é aumentar a quantidade de Bitcoin por ação”.
Ele acrescentou que a Strategy está usando “Capital Digital”, “Crédito Digital” e “Ações Digitais” para fazer isso.
A Strategy continuou a ampliar suas reservas de Bitcoin, mantendo o token como seu principal ativo de reserva do tesouro e usando diversas ferramentas de captação de recursos, incluindo ações ordinárias MSTR e ações preferenciais.
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Shinhan Bank Says Digital Assets Have Moved Beyond Experiment Phase, Expanding Banks’ RoleDigital assets have moved beyond the experimental stage and are entering a phase of real-world use in financial transactions, according to an executive at Shinhan Bank. That shift means banks need to define their role in the market. Kim Byung-hee, head of Shinhan Bank’s Digital Asset Cell, made the remarks on October 23 at the Korea Financial Telecommunications & Clearings Institute’s 40th anniversary event, the Payment Insight Seminar, held at the Korea Chamber of Commerce and Industry in central Seoul. Kim said the use of digital assets is expanding rapidly. JPMorgan’s blockchain payments network, Kinexys, has processed more than $4 trillion in cumulative transaction volume, while its average daily volume has risen to about $7 billion, he said. Tokenization is central to that shift. It can narrow the time gap between trading, payment and settlement for financial products. As a result, financial transactions are moving away from a traditional sequential process toward a structure in which multiple steps can take place simultaneously. Kim also said the banking industry needs to respond to those changes. If digital assets are adopted, banks will need to choose the remittance method and network that best serves customers in payments. In lending, the way banks assess and manage collateral will also change to reflect tokenized assets. Banks’ core functions will remain the same, but their existing role will expand, he said. What matters is not simply creating new digital-asset services, Kim said. The priority is to provide the services customers actually need. That will require banks to accurately identify demand in areas such as 24-hour remittances, optimized foreign exchange and wealth management, and to quickly develop new financial services.

Shinhan Bank Says Digital Assets Have Moved Beyond Experiment Phase, Expanding Banks’ Role

Digital assets have moved beyond the experimental stage and are entering a phase of real-world use in financial transactions, according to an executive at Shinhan Bank. That shift means banks need to define their role in the market.
Kim Byung-hee, head of Shinhan Bank’s Digital Asset Cell, made the remarks on October 23 at the Korea Financial Telecommunications & Clearings Institute’s 40th anniversary event, the Payment Insight Seminar, held at the Korea Chamber of Commerce and Industry in central Seoul.
Kim said the use of digital assets is expanding rapidly. JPMorgan’s blockchain payments network, Kinexys, has processed more than $4 trillion in cumulative transaction volume, while its average daily volume has risen to about $7 billion, he said.
Tokenization is central to that shift. It can narrow the time gap between trading, payment and settlement for financial products. As a result, financial transactions are moving away from a traditional sequential process toward a structure in which multiple steps can take place simultaneously.
Kim also said the banking industry needs to respond to those changes. If digital assets are adopted, banks will need to choose the remittance method and network that best serves customers in payments. In lending, the way banks assess and manage collateral will also change to reflect tokenized assets. Banks’ core functions will remain the same, but their existing role will expand, he said.
What matters is not simply creating new digital-asset services, Kim said. The priority is to provide the services customers actually need. That will require banks to accurately identify demand in areas such as 24-hour remittances, optimized foreign exchange and wealth management, and to quickly develop new financial services.
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South Korea’s Bae Says Token Economy, Blockchain Needed in AI EraBae Kyung-hoon, South Korea’s vice premier and minister of science and ICT, said a token economy and the adoption of blockchain technology will be needed in the era of artificial intelligence. At a comprehensive audit of the National Assembly’s Science, ICT, Broadcasting and Communications Committee on October 23, Bae made the remarks in response to Democratic Party lawmaker Kim Woo-young’s question about the need for measures to foster the blockchain industry. "We need to create economic and social balance for a basic AI society, and a token economy will be important for that," Bae said. He added that blockchain adoption is needed as part of the token-economy concept, and that the government is reviewing related measures under its "AI for Everyone" initiative. The government has included the creation of a digital-asset ecosystem in its state agenda and is pushing measures to strengthen the blockchain industry’s competitiveness and draft a basic blockchain law. It has also presented plans to expand the environment and regional infrastructure needed to test digital-asset services. Kim stressed that South Korea should strengthen domestic technology development and industry support, citing blockchain’s decentralization, security and accessibility.

South Korea’s Bae Says Token Economy, Blockchain Needed in AI Era

Bae Kyung-hoon, South Korea’s vice premier and minister of science and ICT, said a token economy and the adoption of blockchain technology will be needed in the era of artificial intelligence.
At a comprehensive audit of the National Assembly’s Science, ICT, Broadcasting and Communications Committee on October 23, Bae made the remarks in response to Democratic Party lawmaker Kim Woo-young’s question about the need for measures to foster the blockchain industry.
"We need to create economic and social balance for a basic AI society, and a token economy will be important for that," Bae said.
He added that blockchain adoption is needed as part of the token-economy concept, and that the government is reviewing related measures under its "AI for Everyone" initiative.
The government has included the creation of a digital-asset ecosystem in its state agenda and is pushing measures to strengthen the blockchain industry’s competitiveness and draft a basic blockchain law. It has also presented plans to expand the environment and regional infrastructure needed to test digital-asset services.
Kim stressed that South Korea should strengthen domestic technology development and industry support, citing blockchain’s decentralization, security and accessibility.
Agentes de IA podem acelerar a saída de depósitos dos bancos e prejudicar a rentabilidadeA ampla adoção de agentes de inteligência artificial nos mercados financeiros pode acelerar a saída de depósitos dos bancos e corroer sua rentabilidade, afirmou uma pesquisadora. Baek Yeon-joo, pesquisadora do Instituto de Finanças da Coreia, fez as declarações em 23 de outubro, durante o seminário “2026 Payment Insight”, realizado para marcar o 40º aniversário do Instituto Coreano de Telecomunicações Financeiras e Compensação, na Câmara de Comércio e Indústria da Coreia, no centro de Seul. “A disseminação dos agentes de IA pode aumentar a eficiência do setor financeiro, mas também criar novos fatores de risco”, afirmou Baek.

Agentes de IA podem acelerar a saída de depósitos dos bancos e prejudicar a rentabilidade

A ampla adoção de agentes de inteligência artificial nos mercados financeiros pode acelerar a saída de depósitos dos bancos e corroer sua rentabilidade, afirmou uma pesquisadora.
Baek Yeon-joo, pesquisadora do Instituto de Finanças da Coreia, fez as declarações em 23 de outubro, durante o seminário “2026 Payment Insight”, realizado para marcar o 40º aniversário do Instituto Coreano de Telecomunicações Financeiras e Compensação, na Câmara de Comércio e Indústria da Coreia, no centro de Seul.
“A disseminação dos agentes de IA pode aumentar a eficiência do setor financeiro, mas também criar novos fatores de risco”, afirmou Baek.
Sustentabilidade da Web3 é questionada enquanto Abstract, StandX e Edgen cancelam TGEs e encerram serviçosProjetos Web3 estão cancelando cada vez mais seus TGEs e encerrando serviços A frustração dos usuários cresce à medida que as recompensas esperadas de airdrops não se concretizam "Agora, os projetos precisam ser negócios viáveis de verdade, não apenas hype em torno do lançamento de tokens" Um número crescente de projetos Web3 está abandonando os eventos de geração de tokens, ou TGEs, seguindo o exemplo da Abstract, uma rede de camada 2 do Ethereum, o que renovou o escrutínio sobre a sustentabilidade dos modelos de negócios baseados em recompensas em tokens. A Abstract, desenvolvida pela Igloo, empresa controladora do projeto de NFT Pudgy Penguins, anunciou recentemente que encerrará suas operações em 15 de dezembro, citando a estagnação do crescimento da rede e a falta de liquidez e rentabilidade.

Sustentabilidade da Web3 é questionada enquanto Abstract, StandX e Edgen cancelam TGEs e encerram serviços

Projetos Web3 estão cancelando cada vez mais seus TGEs e encerrando serviços
A frustração dos usuários cresce à medida que as recompensas esperadas de airdrops não se concretizam
"Agora, os projetos precisam ser negócios viáveis de verdade, não apenas hype em torno do lançamento de tokens"
Um número crescente de projetos Web3 está abandonando os eventos de geração de tokens, ou TGEs, seguindo o exemplo da Abstract, uma rede de camada 2 do Ethereum, o que renovou o escrutínio sobre a sustentabilidade dos modelos de negócios baseados em recompensas em tokens.
A Abstract, desenvolvida pela Igloo, empresa controladora do projeto de NFT Pudgy Penguins, anunciou recentemente que encerrará suas operações em 15 de dezembro, citando a estagnação do crescimento da rede e a falta de liquidez e rentabilidade.
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Naver Pay Vice President Cho Jae-bak Says AI Will Reshape Finance, Infrastructure Must Advance"AI Agents to Spread Across Finance" "Financial Infrastructure Must Evolve in Step" "South Korea Has Strong Competitiveness" The era of artificial intelligence agents carrying out payments and investments on behalf of people is poised to begin in earnest, according to Cho Jae-bak, vice president of Naver Pay. Speaking at the Financial Clearing Institute's 40th-anniversary Payment Insight Seminar at the Korea Chamber of Commerce and Industry on October 23, Cho said users have traditionally logged into financial apps themselves to make transactions, but AI agents will increasingly do so instead. He added that the future customers of financial institutions, Naver Pay and the Financial Clearing Institute will be AI agents. Cho cited investing through AI agents as a representative example. Large language model-based investment applications are already spreading overseas, and their advantage is that individuals can tailor investments more flexibly to their own preferences. He also said AI agents will bring major changes to payments. In the future, AI agents will compare prices and product quality on behalf of consumers and complete purchases on the best available terms. Cho said financial infrastructure must also evolve to match that shift. Systems will be needed to prevent problems that could arise when AI agents execute transactions. Even if users delegate financial transactions to AI agents, the industry will need to determine how to manage transaction limits and how to verify whether an agent has actually been granted authority, he said. Building secure infrastructure that AI agents can use safely and reliably will be critical. Cho also gave South Korea high marks for competitiveness in the AI agent era. South Korea already has stronger financial infrastructure than many overseas markets in areas such as open banking, MyData, and financial product comparison and recommendation services, he said. While the country has yet to commercialize AI agent-based financial transactions, he said it could build one of the world's strongest infrastructures as the market expands. Naver Pay is also focusing on building financial infrastructure for AI agents. Cho said Naver Pay is preparing for an era in which agents will be able to check users' financial assets, search for needed products and services, make reservations, and complete payments. To that end, the company is currently conducting a proof of concept, or PoC, for an AI agent-based payment service with the Financial Clearing Institute.

Naver Pay Vice President Cho Jae-bak Says AI Will Reshape Finance, Infrastructure Must Advance

"AI Agents to Spread Across Finance"
"Financial Infrastructure Must Evolve in Step"
"South Korea Has Strong Competitiveness"
The era of artificial intelligence agents carrying out payments and investments on behalf of people is poised to begin in earnest, according to Cho Jae-bak, vice president of Naver Pay.
Speaking at the Financial Clearing Institute's 40th-anniversary Payment Insight Seminar at the Korea Chamber of Commerce and Industry on October 23, Cho said users have traditionally logged into financial apps themselves to make transactions, but AI agents will increasingly do so instead. He added that the future customers of financial institutions, Naver Pay and the Financial Clearing Institute will be AI agents.
Cho cited investing through AI agents as a representative example. Large language model-based investment applications are already spreading overseas, and their advantage is that individuals can tailor investments more flexibly to their own preferences.
He also said AI agents will bring major changes to payments. In the future, AI agents will compare prices and product quality on behalf of consumers and complete purchases on the best available terms.
Cho said financial infrastructure must also evolve to match that shift. Systems will be needed to prevent problems that could arise when AI agents execute transactions.
Even if users delegate financial transactions to AI agents, the industry will need to determine how to manage transaction limits and how to verify whether an agent has actually been granted authority, he said. Building secure infrastructure that AI agents can use safely and reliably will be critical.
Cho also gave South Korea high marks for competitiveness in the AI agent era.
South Korea already has stronger financial infrastructure than many overseas markets in areas such as open banking, MyData, and financial product comparison and recommendation services, he said. While the country has yet to commercialize AI agent-based financial transactions, he said it could build one of the world's strongest infrastructures as the market expands.
Naver Pay is also focusing on building financial infrastructure for AI agents.
Cho said Naver Pay is preparing for an era in which agents will be able to check users' financial assets, search for needed products and services, make reservations, and complete payments. To that end, the company is currently conducting a proof of concept, or PoC, for an AI agent-based payment service with the Financial Clearing Institute.
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BOK Seeks Reports on Domestic Crypto Balances of Users With Overseas TransfersThe Bank of Korea is moving to require regular reports on the domestic crypto holdings of users with a history of transferring virtual assets overseas. According to a foreign-exchange reporting manual for virtual-asset transfer operators obtained by Rep. Park Soo-young of the National Assembly’s Strategy and Finance Committee on October 23, the BOK is preparing a system to receive daily transfer records and monthly balance data from exchanges. The manual was delivered to the Digital Asset eXchange Alliance, or DAXA, on October 2. The key issue is that the system would collect not only records of overseas transfers but also balances of virtual assets still held in South Korea. Monthly balance reports submitted by exchanges would include users’ personal information and their holdings. More than 1.27 million users would be affected. According to Park, a total of 1,272,878 customers at South Korea’s five major exchanges used cross-border cryptocurrency transfer services between July 19, 2024, and September 30, 2026. The daily reports would include more detailed transaction data. Exchanges must submit records of cryptocurrency deposits and withdrawals processed that day to the BOK by 11 a.m. the following day. Reportable items include information on senders and recipients, transaction records and resident registration numbers. The reporting framework is being prepared ahead of the revised Foreign Exchange Transactions Act taking effect on December 3. The government plans to collect cryptocurrency transfer data at the BOK, the country’s foreign-exchange information hub, and share it with the National Tax Service, Korea Customs Service, the Financial Supervisory Service and the Financial Intelligence Unit, or FIU, for use in investigations into illegal foreign-exchange transactions. Park said collecting personal information and information on domestic asset holdings simply because a user made an overseas transfer once would make the scope of data collection excessively broad. He added that requiring sweeping data reporting ahead of crypto taxation could further damp the market.

BOK Seeks Reports on Domestic Crypto Balances of Users With Overseas Transfers

The Bank of Korea is moving to require regular reports on the domestic crypto holdings of users with a history of transferring virtual assets overseas.
According to a foreign-exchange reporting manual for virtual-asset transfer operators obtained by Rep. Park Soo-young of the National Assembly’s Strategy and Finance Committee on October 23, the BOK is preparing a system to receive daily transfer records and monthly balance data from exchanges. The manual was delivered to the Digital Asset eXchange Alliance, or DAXA, on October 2.
The key issue is that the system would collect not only records of overseas transfers but also balances of virtual assets still held in South Korea. Monthly balance reports submitted by exchanges would include users’ personal information and their holdings.
More than 1.27 million users would be affected. According to Park, a total of 1,272,878 customers at South Korea’s five major exchanges used cross-border cryptocurrency transfer services between July 19, 2024, and September 30, 2026.
The daily reports would include more detailed transaction data. Exchanges must submit records of cryptocurrency deposits and withdrawals processed that day to the BOK by 11 a.m. the following day. Reportable items include information on senders and recipients, transaction records and resident registration numbers.
The reporting framework is being prepared ahead of the revised Foreign Exchange Transactions Act taking effect on December 3. The government plans to collect cryptocurrency transfer data at the BOK, the country’s foreign-exchange information hub, and share it with the National Tax Service, Korea Customs Service, the Financial Supervisory Service and the Financial Intelligence Unit, or FIU, for use in investigations into illegal foreign-exchange transactions.
Park said collecting personal information and information on domestic asset holdings simply because a user made an overseas transfer once would make the scope of data collection excessively broad. He added that requiring sweeping data reporting ahead of crypto taxation could further damp the market.
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KFTC Says AI, Digital Assets Will Drive Change in Finance IndustryThe Korea Financial Telecommunications & Clearings Institute said artificial intelligence and digital assets will drive a new wave of change in the financial industry, pledging to build the infrastructure to support that shift. Chae Byung-deuk, president of the KFTC, made the remarks on Oct. 23 at the institute’s 40th anniversary seminar, "2026 Payment Insight," held at the Korea Chamber of Commerce and Industry in Seoul. "The shift from openness and connectivity to artificial intelligence and digital assets will have a major impact not only on the competitiveness of the financial industry, but also on the public’s financial lives," Chae said. "Over the past 40 years, the KFTC has built payment and settlement infrastructure that anyone can use safely and conveniently," he said. "We will continue to work to foster a safe and reliable digital finance ecosystem going forward." Ryu Hyuk-sun, chairman of the Korean Society of Payment and Settlement, also delivered congratulatory remarks at the event. He said digital technology has so far improved the efficiency and accessibility of financial transactions, but innovation is now expanding to financial service providers, decision-making systems, value transfer and payment methods. He added that AI is moving beyond information analysis and operational support, with its potential broadening to task execution through AI agents. New digital payment methods based on stablecoins and tokenization are also presenting new possibilities for the development of payment infrastructure. Ryu stressed that the spread of new technologies will also require risk management. Issues surrounding authority and responsibility in the use of AI agents, along with payment stability and broader financial stability as new digital payment methods spread, will be key tasks going forward, he said.

KFTC Says AI, Digital Assets Will Drive Change in Finance Industry

The Korea Financial Telecommunications & Clearings Institute said artificial intelligence and digital assets will drive a new wave of change in the financial industry, pledging to build the infrastructure to support that shift.
Chae Byung-deuk, president of the KFTC, made the remarks on Oct. 23 at the institute’s 40th anniversary seminar, "2026 Payment Insight," held at the Korea Chamber of Commerce and Industry in Seoul.
"The shift from openness and connectivity to artificial intelligence and digital assets will have a major impact not only on the competitiveness of the financial industry, but also on the public’s financial lives," Chae said.
"Over the past 40 years, the KFTC has built payment and settlement infrastructure that anyone can use safely and conveniently," he said. "We will continue to work to foster a safe and reliable digital finance ecosystem going forward."
Ryu Hyuk-sun, chairman of the Korean Society of Payment and Settlement, also delivered congratulatory remarks at the event. He said digital technology has so far improved the efficiency and accessibility of financial transactions, but innovation is now expanding to financial service providers, decision-making systems, value transfer and payment methods.
He added that AI is moving beyond information analysis and operational support, with its potential broadening to task execution through AI agents. New digital payment methods based on stablecoins and tokenization are also presenting new possibilities for the development of payment infrastructure.
Ryu stressed that the spread of new technologies will also require risk management. Issues surrounding authority and responsibility in the use of AI agents, along with payment stability and broader financial stability as new digital payment methods spread, will be key tasks going forward, he said.
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US Spot Bitcoin ETFs See More Than $600 Million in One-Day Net OutflowsMore than $600 million flowed out of US spot Bitcoin exchange-traded funds in a single day, with BlackRock and Fidelity products accounting for the bulk of the withdrawals. Data from SoSoValue on Oct. 22 showed daily net outflows from US spot Bitcoin ETFs totaled $635.49 million. BlackRock's IBIT posted the largest outflow at $254.05 million, followed by Fidelity's FBTC at $217.46 million. Combined, the two funds accounted for about 74% of the total. ARK Invest and 21Shares' ARKB saw $109.43 million in outflows. Grayscale's GBTC and Bitwise's BITB also recorded net outflows of $29.53 million and $27.35 million, respectively. By contrast, Morgan Stanley's MSBT was the only fund to post net inflows, taking in $2.33 million. The remaining six products, including Grayscale Bitcoin Mini Trust (BTC) and VanEck's HODL, recorded no net flows. As of that day, cumulative net inflows into US spot Bitcoin ETFs stood at $57.32 billion. By product, IBIT has attracted cumulative net inflows of $66.24 billion, while GBTC's cumulative net outflows reached $28 billion.

US Spot Bitcoin ETFs See More Than $600 Million in One-Day Net Outflows

More than $600 million flowed out of US spot Bitcoin exchange-traded funds in a single day, with BlackRock and Fidelity products accounting for the bulk of the withdrawals.
Data from SoSoValue on Oct. 22 showed daily net outflows from US spot Bitcoin ETFs totaled $635.49 million. BlackRock's IBIT posted the largest outflow at $254.05 million, followed by Fidelity's FBTC at $217.46 million. Combined, the two funds accounted for about 74% of the total.
ARK Invest and 21Shares' ARKB saw $109.43 million in outflows. Grayscale's GBTC and Bitwise's BITB also recorded net outflows of $29.53 million and $27.35 million, respectively.
By contrast, Morgan Stanley's MSBT was the only fund to post net inflows, taking in $2.33 million. The remaining six products, including Grayscale Bitcoin Mini Trust (BTC) and VanEck's HODL, recorded no net flows.
As of that day, cumulative net inflows into US spot Bitcoin ETFs stood at $57.32 billion. By product, IBIT has attracted cumulative net inflows of $66.24 billion, while GBTC's cumulative net outflows reached $28 billion.
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KOSPI Drops More Than 4% Intraday on US AI Shock, Briefly Slips Below 5,300Samsung Electronics, SK Hynix Fall Together Index Hovers Around 5,300 Amid Foreign Selling Sentiment Cools Even After Solidigm Listing Review Halt The KOSPI fell more than 4% early on October 23, briefly sliding to the 5,300 level. Concerns over the cost burden of AI investment in the US spilled over into South Korean semiconductor stocks. Samsung Electronics and SK Hynix both declined, dragging the index lower. As of 9:25 a.m., the KOSPI was down 184.93 points, or 3.34%, at 5,348.84 from the previous session. The index opened at 5,403.17 and fell as low as 5,305.98 during the session, widening its loss to 4.12% before trimming part of the decline. After dropping 3.52% a day earlier, it was headed for a second straight session of sharp losses. Large-cap chip stocks led the weakness. At that time, Samsung Electronics was trading at 205,500 won, down 9,000 won, or 4.20%, while SK Hynix fell 37,000 won, or 3.03%, to 1.186 million won. On the benchmark stock market, foreign investors were net sellers, while retail and institutional investors absorbed the selling. On Wall Street overnight, doubts about the profitability of the AI investment race triggered a selloff in technology shares. On October 22, the Nasdaq Composite fell 2.60%, while the Philadelphia Semiconductor Index tumbled 6.7%. Nvidia, Intel and AMD were among the major chip stocks hit by heavy selling. Meta's earnings heightened the anxiety. Third-quarter revenue rose 26% from a year earlier, but free cash flow swung to a deficit of $2.12 billion. After the company raised the low end of its projected capital expenditures for this year, investors focused less on revenue growth and more on cash burn and the burden of additional funding. The concern appears to be spreading that if AI infrastructure companies have less capacity to invest, orders for servers and semiconductors could also be affected. In a high-rate environment, securing the funds needed to expand data centers and generating returns on that investment has emerged as a key variable for the broader chip sector. SK Hynix said on October 23 it would halt its review of pre-IPO fundraising and an initial public offering for Solidigm, but the stock remained under pressure. The company said the decision reflected capital-market conditions and other factors. Even though the move reduced concerns about shareholder-value dilution from a duplicate listing, the sharp drop in US AI and semiconductor shares continued to weigh on sentiment.

KOSPI Drops More Than 4% Intraday on US AI Shock, Briefly Slips Below 5,300

Samsung Electronics, SK Hynix Fall Together
Index Hovers Around 5,300 Amid Foreign Selling
Sentiment Cools Even After Solidigm Listing Review Halt
The KOSPI fell more than 4% early on October 23, briefly sliding to the 5,300 level. Concerns over the cost burden of AI investment in the US spilled over into South Korean semiconductor stocks. Samsung Electronics and SK Hynix both declined, dragging the index lower.
As of 9:25 a.m., the KOSPI was down 184.93 points, or 3.34%, at 5,348.84 from the previous session. The index opened at 5,403.17 and fell as low as 5,305.98 during the session, widening its loss to 4.12% before trimming part of the decline. After dropping 3.52% a day earlier, it was headed for a second straight session of sharp losses.
Large-cap chip stocks led the weakness. At that time, Samsung Electronics was trading at 205,500 won, down 9,000 won, or 4.20%, while SK Hynix fell 37,000 won, or 3.03%, to 1.186 million won. On the benchmark stock market, foreign investors were net sellers, while retail and institutional investors absorbed the selling.
On Wall Street overnight, doubts about the profitability of the AI investment race triggered a selloff in technology shares. On October 22, the Nasdaq Composite fell 2.60%, while the Philadelphia Semiconductor Index tumbled 6.7%. Nvidia, Intel and AMD were among the major chip stocks hit by heavy selling.
Meta's earnings heightened the anxiety. Third-quarter revenue rose 26% from a year earlier, but free cash flow swung to a deficit of $2.12 billion. After the company raised the low end of its projected capital expenditures for this year, investors focused less on revenue growth and more on cash burn and the burden of additional funding.
The concern appears to be spreading that if AI infrastructure companies have less capacity to invest, orders for servers and semiconductors could also be affected. In a high-rate environment, securing the funds needed to expand data centers and generating returns on that investment has emerged as a key variable for the broader chip sector.
SK Hynix said on October 23 it would halt its review of pre-IPO fundraising and an initial public offering for Solidigm, but the stock remained under pressure. The company said the decision reflected capital-market conditions and other factors. Even though the move reduced concerns about shareholder-value dilution from a duplicate listing, the sharp drop in US AI and semiconductor shares continued to weigh on sentiment.
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SK Hynix Drops Below 1.2 Million Won Despite Halting Solidigm U.S. IPO ReviewDown 2.37% in premarket to 1.194 million won Investor sentiment hit by plunge in U.S. chip stocks SK Hynix halted its review of a U.S. listing for Solidigm, but the move failed to trigger a rebound in the shares. Even as it eased concerns that a duplicate listing could undermine shareholder value, anxiety over U.S.-led artificial intelligence investment weighed on buying appetite. As of 8:10 a.m. on Oct. 23, SK Hynix was trading at 1.194 million won on Nextrade's premarket session, down 2.37% from the previous day. The stock had already fallen 5.49% in the regular session on Oct. 22 and extended its weakness in pre-open trading. The pressure appeared to stem from an overnight selloff in AI-related stocks in the U.S. market. On Oct. 22, the Nasdaq Composite fell 2.60% and the Philadelphia Semiconductor Index slumped 6.7%. Doubts over whether the vast sums being invested in AI infrastructure can generate sufficient returns spread across the semiconductor sector. Meta's earnings heightened those concerns. Third-quarter revenue rose 26% from a year earlier, but free cash flow posted a deficit of $2.12 billion. The company also raised the lower end of its capital expenditure forecast for this year. Investors focused less on revenue growth than on rising investment costs and the speed of cash burn. Wariness also surfaced in credit markets. Meta's five-year credit default swap premium rose to 114.79 basis points, the highest level on record. A CDS is a type of insurance against default, and a higher premium means the cost of bearing credit risk has increased. Against that backdrop, SK Hynix said in a filing before the market opened on Oct. 23 that it was halting its review of a pre-IPO fundraising round and an initial public offering for Solidigm, its U.S. indirect subsidiary. The company said it had considered various financing options to expand production capacity and strengthen competitiveness, but made the decision after taking capital-market conditions into account. Solidigm's possible listing had drawn pushback from existing SK Hynix shareholders, who said it could damage their interests. The concern was that a separate listing for an affiliate handling a core business could depress the parent company's valuation and require it to share profits with outside investors. Financial authorities in South Korea had also called for shareholder protection. Kim Byoung-hwan, chairman of the Financial Services Commission, said at a comprehensive parliamentary audit by the National Assembly's Political Affairs Committee on Oct. 22 that Solidigm's overseas listing would also be subject to duplicate-listing guidelines. Lee Bok-hyun, governor of the Financial Supervisory Service, took the same position at a parliamentary audit on Oct. 19. Solidigm was launched after SK Hynix acquired Intel's NAND flash and solid-state drive businesses in 2021. SK Hynix currently owns 100% of the company through its U.S. intermediate holding company, AI Company. Separately from halting the listing review, SK Hynix said it still stands by its view on Solidigm's growth potential and the need for additional investment. The company maintains that new production facilities in the U.S. are needed to meet demand for AI memory. It plans to reconsider funding options while continuing to expand its production base.

SK Hynix Drops Below 1.2 Million Won Despite Halting Solidigm U.S. IPO Review

Down 2.37% in premarket to 1.194 million won
Investor sentiment hit by plunge in U.S. chip stocks
SK Hynix halted its review of a U.S. listing for Solidigm, but the move failed to trigger a rebound in the shares. Even as it eased concerns that a duplicate listing could undermine shareholder value, anxiety over U.S.-led artificial intelligence investment weighed on buying appetite.
As of 8:10 a.m. on Oct. 23, SK Hynix was trading at 1.194 million won on Nextrade's premarket session, down 2.37% from the previous day. The stock had already fallen 5.49% in the regular session on Oct. 22 and extended its weakness in pre-open trading.
The pressure appeared to stem from an overnight selloff in AI-related stocks in the U.S. market. On Oct. 22, the Nasdaq Composite fell 2.60% and the Philadelphia Semiconductor Index slumped 6.7%. Doubts over whether the vast sums being invested in AI infrastructure can generate sufficient returns spread across the semiconductor sector.
Meta's earnings heightened those concerns. Third-quarter revenue rose 26% from a year earlier, but free cash flow posted a deficit of $2.12 billion. The company also raised the lower end of its capital expenditure forecast for this year. Investors focused less on revenue growth than on rising investment costs and the speed of cash burn.
Wariness also surfaced in credit markets. Meta's five-year credit default swap premium rose to 114.79 basis points, the highest level on record. A CDS is a type of insurance against default, and a higher premium means the cost of bearing credit risk has increased.
Against that backdrop, SK Hynix said in a filing before the market opened on Oct. 23 that it was halting its review of a pre-IPO fundraising round and an initial public offering for Solidigm, its U.S. indirect subsidiary. The company said it had considered various financing options to expand production capacity and strengthen competitiveness, but made the decision after taking capital-market conditions into account.
Solidigm's possible listing had drawn pushback from existing SK Hynix shareholders, who said it could damage their interests. The concern was that a separate listing for an affiliate handling a core business could depress the parent company's valuation and require it to share profits with outside investors.
Financial authorities in South Korea had also called for shareholder protection. Kim Byoung-hwan, chairman of the Financial Services Commission, said at a comprehensive parliamentary audit by the National Assembly's Political Affairs Committee on Oct. 22 that Solidigm's overseas listing would also be subject to duplicate-listing guidelines. Lee Bok-hyun, governor of the Financial Supervisory Service, took the same position at a parliamentary audit on Oct. 19.
Solidigm was launched after SK Hynix acquired Intel's NAND flash and solid-state drive businesses in 2021. SK Hynix currently owns 100% of the company through its U.S. intermediate holding company, AI Company.
Separately from halting the listing review, SK Hynix said it still stands by its view on Solidigm's growth potential and the need for additional investment. The company maintains that new production facilities in the U.S. are needed to meet demand for AI memory. It plans to reconsider funding options while continuing to expand its production base.
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Nasdaq Falls 2.6% as Fears Over AI Spending Hammer Tech StocksSelling Spreads on Concerns Over AI Spending Meta Drops 7%; Semiconductor Index Sinks 6.7% US 10-Year Treasury Yield Falls Below 5% Anxiety over artificial intelligence spending swept through U.S. technology stocks. Questions over how companies will finance massive outlays on data centers and semiconductors, and when those investments will generate returns, triggered a broad selloff. The Nasdaq posted its biggest decline since June. On October 22, the Nasdaq Composite closed down 694.00 points, or 2.60%, at 26,008.86 in New York. The S&P 500 fell 93.74 points, or 1.21%, to 7,663.43. The Dow Jones Industrial Average, by contrast, edged up 11.89 points, or 0.02%, to 52,867.98. Meta was at the center of the selloff. Revenue beat market expectations, but net income missed estimates. Concern over the burden of AI investment also came into sharper focus, sending the stock down about 7%. Investors reacted more to the effect of higher spending on cash flow than to topline growth. Meta raised its capital expenditure outlook for this year to $135 billion to $145 billion, from a previous range of $130 billion to $145 billion. Third-quarter free cash flow was negative $2.12 billion, reversing from a positive $10.63 billion a year earlier. The company also announced plans to introduce a new class of non-voting shares to help fund AI investment. That added to concern that the cost of the AI spending race could spread beyond borrowing and into the equity market. If high interest rates make it harder for companies to take on more debt, they may turn to share issuance instead. That would dilute the value of existing shareholders' stakes. Matthew Maley, chief market strategist at Miller Tabak, said the selling reflected a growing view that it could take longer than expected to recoup those investments. Semiconductor and AI infrastructure companies also fell on those concerns. Nvidia dropped 4.4%, while CoreWeave tumbled 10.1%. SpaceX also traded lower. The Philadelphia Semiconductor Index plunged 6.7%, while Intel, AMD, Sandisk and Marvell Technology each fell more than 8%. Comments from Nvidia Chief Executive Officer Jensen Huang also underscored the funding issue. Huang said demand from AI-focused cloud providers known as neoclouds remains very strong. But they lack sufficient operating capital to support growth. Even if customer orders rise, expansion could be constrained if companies cannot secure the upfront funding needed to build servers and data centers. Money leaving technology stocks flowed into the relative safety of U.S. Treasuries. The yield on the benchmark 10-year Treasury fell to 4.97% on October 22 from 5.13% a day earlier. Strong demand for bonds pushed prices higher and yields lower. The move showed investors shifting toward safe-haven assets as they weighed profitability and financial strain more closely after piling into the AI growth trade.

Nasdaq Falls 2.6% as Fears Over AI Spending Hammer Tech Stocks

Selling Spreads on Concerns Over AI Spending
Meta Drops 7%; Semiconductor Index Sinks 6.7%
US 10-Year Treasury Yield Falls Below 5%
Anxiety over artificial intelligence spending swept through U.S. technology stocks. Questions over how companies will finance massive outlays on data centers and semiconductors, and when those investments will generate returns, triggered a broad selloff. The Nasdaq posted its biggest decline since June.
On October 22, the Nasdaq Composite closed down 694.00 points, or 2.60%, at 26,008.86 in New York. The S&P 500 fell 93.74 points, or 1.21%, to 7,663.43. The Dow Jones Industrial Average, by contrast, edged up 11.89 points, or 0.02%, to 52,867.98.
Meta was at the center of the selloff. Revenue beat market expectations, but net income missed estimates. Concern over the burden of AI investment also came into sharper focus, sending the stock down about 7%. Investors reacted more to the effect of higher spending on cash flow than to topline growth.
Meta raised its capital expenditure outlook for this year to $135 billion to $145 billion, from a previous range of $130 billion to $145 billion. Third-quarter free cash flow was negative $2.12 billion, reversing from a positive $10.63 billion a year earlier. The company also announced plans to introduce a new class of non-voting shares to help fund AI investment.
That added to concern that the cost of the AI spending race could spread beyond borrowing and into the equity market. If high interest rates make it harder for companies to take on more debt, they may turn to share issuance instead. That would dilute the value of existing shareholders' stakes. Matthew Maley, chief market strategist at Miller Tabak, said the selling reflected a growing view that it could take longer than expected to recoup those investments.
Semiconductor and AI infrastructure companies also fell on those concerns. Nvidia dropped 4.4%, while CoreWeave tumbled 10.1%. SpaceX also traded lower. The Philadelphia Semiconductor Index plunged 6.7%, while Intel, AMD, Sandisk and Marvell Technology each fell more than 8%.
Comments from Nvidia Chief Executive Officer Jensen Huang also underscored the funding issue. Huang said demand from AI-focused cloud providers known as neoclouds remains very strong. But they lack sufficient operating capital to support growth. Even if customer orders rise, expansion could be constrained if companies cannot secure the upfront funding needed to build servers and data centers.
Money leaving technology stocks flowed into the relative safety of U.S. Treasuries. The yield on the benchmark 10-year Treasury fell to 4.97% on October 22 from 5.13% a day earlier. Strong demand for bonds pushed prices higher and yields lower. The move showed investors shifting toward safe-haven assets as they weighed profitability and financial strain more closely after piling into the AI growth trade.
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After One-Day Surge, Samsung Electronics and SK Hynix Slump as Rebound Hits Fresh ObstaclesKospi whipsaws despite hopes for stronger chip earnings Forward P/Es around 3 point to undervaluation Memory profitability, easing inflation fears are key South Korea’s stock market is struggling to sustain a rebound even as brokerages argue that Samsung Electronics and SK Hynix are undervalued. Hopes for rising semiconductor earnings have at times lifted the shares, only for concerns over interest rates and artificial intelligence spending to weigh on them again. The market needs more than the view that the stocks have fallen too far; investors want evidence that future profitability will hold up. According to the Korea Exchange, the Kospi closed at 5,533.77 on Oct. 22, down 3.52%. Samsung Electronics fell 4.03% to 214,500 won, while SK Hynix dropped 5.49% to 1.223 million won. That contrasted with the previous session, when the two stocks had risen 5.67% and 5.81%, respectively, helping drive the index higher. The Kospi changed direction on each trading day this week. It rose 1.76% on Oct. 19, then fell 3.73% on Oct. 20. It gained 3.29% on Oct. 21 before declining again. The index repeatedly swung higher and lower alongside heavyweight chip stocks, highlighting fragile investor sentiment. The market is grappling with two main questions: whether high profit levels in memory chips can be sustained, and when inflation pressure will ease enough to reduce the burden of tighter policy. Lee Eun-taek, an analyst at KB Securities, said a stock recovery would need at least one of those concerns to subside. Brokerages see room for a rebound because of the gap between earnings and share prices. Kim Dong-won, head of research at KB Securities, said Samsung Electronics is trading at 3.3 times projected 2027 earnings and SK Hynix at 2.7 times. He expects demand for AI semiconductors to outstrip supply through 2028, and said worries over the financial burden facing AI cloud companies such as CoreWeave have been reflected too heavily in share prices. He added that a W-shaped rebound is likely to begin in November and December as the unusual disconnect between earnings and valuations narrows. Still, a low price-to-earnings ratio supports a buying case only if confidence in earnings forecasts holds. Even if share prices stay unchanged, lower profit estimates would push the multiple higher. That is why year-end long-term agreement, or LTA, contracts and next year’s pricing talks for high-bandwidth memory, or HBM, are important. Securing sales volumes and prices in advance would reduce earnings volatility for chipmakers. Ha Jang-kwon, an analyst at Hanwha Investment & Securities, said investors should pay attention to semiconductors and IT hardware from the fourth quarter of this year through the first quarter of next year. He projected a Kospi target of 8,500 for next year, with an expected range of 6,000 to 9,300. Domestic monetary policy also remains tilted toward tightening. The Bank of Korea kept its benchmark interest rate unchanged at 3.00% on Oct. 22, while explicitly referring to the timing and pace of additional hikes in its policy guidance. The central bank held rates steady this time to assess the impact of increases in July and August, but it has not let up its guard on inflation. The view is that a rebound must be backed by both improving chip earnings and easing price pressures if it is to last longer than a day.

After One-Day Surge, Samsung Electronics and SK Hynix Slump as Rebound Hits Fresh Obstacles

Kospi whipsaws despite hopes for stronger chip earnings
Forward P/Es around 3 point to undervaluation
Memory profitability, easing inflation fears are key
South Korea’s stock market is struggling to sustain a rebound even as brokerages argue that Samsung Electronics and SK Hynix are undervalued. Hopes for rising semiconductor earnings have at times lifted the shares, only for concerns over interest rates and artificial intelligence spending to weigh on them again. The market needs more than the view that the stocks have fallen too far; investors want evidence that future profitability will hold up.
According to the Korea Exchange, the Kospi closed at 5,533.77 on Oct. 22, down 3.52%. Samsung Electronics fell 4.03% to 214,500 won, while SK Hynix dropped 5.49% to 1.223 million won. That contrasted with the previous session, when the two stocks had risen 5.67% and 5.81%, respectively, helping drive the index higher.
The Kospi changed direction on each trading day this week. It rose 1.76% on Oct. 19, then fell 3.73% on Oct. 20. It gained 3.29% on Oct. 21 before declining again. The index repeatedly swung higher and lower alongside heavyweight chip stocks, highlighting fragile investor sentiment.
The market is grappling with two main questions: whether high profit levels in memory chips can be sustained, and when inflation pressure will ease enough to reduce the burden of tighter policy. Lee Eun-taek, an analyst at KB Securities, said a stock recovery would need at least one of those concerns to subside.
Brokerages see room for a rebound because of the gap between earnings and share prices. Kim Dong-won, head of research at KB Securities, said Samsung Electronics is trading at 3.3 times projected 2027 earnings and SK Hynix at 2.7 times. He expects demand for AI semiconductors to outstrip supply through 2028, and said worries over the financial burden facing AI cloud companies such as CoreWeave have been reflected too heavily in share prices. He added that a W-shaped rebound is likely to begin in November and December as the unusual disconnect between earnings and valuations narrows.
Still, a low price-to-earnings ratio supports a buying case only if confidence in earnings forecasts holds. Even if share prices stay unchanged, lower profit estimates would push the multiple higher. That is why year-end long-term agreement, or LTA, contracts and next year’s pricing talks for high-bandwidth memory, or HBM, are important. Securing sales volumes and prices in advance would reduce earnings volatility for chipmakers.
Ha Jang-kwon, an analyst at Hanwha Investment & Securities, said investors should pay attention to semiconductors and IT hardware from the fourth quarter of this year through the first quarter of next year. He projected a Kospi target of 8,500 for next year, with an expected range of 6,000 to 9,300.
Domestic monetary policy also remains tilted toward tightening. The Bank of Korea kept its benchmark interest rate unchanged at 3.00% on Oct. 22, while explicitly referring to the timing and pace of additional hikes in its policy guidance. The central bank held rates steady this time to assess the impact of increases in July and August, but it has not let up its guard on inflation. The view is that a rebound must be backed by both improving chip earnings and easing price pressures if it is to last longer than a day.
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SK Hynix Abruptly Withdraws Solidigm US IPO Plan, Accepting Shareholder ViewsPublic backlash grows over dual-listing concerns Capital-market conditions and a weak domestic stock market also weighed SK Hynix has decided to withdraw the planned Nasdaq initial public offering of its indirect subsidiary Solidigm. The move appears to reflect a broad review of intensifying shareholder backlash, capital-market conditions and the company’s stock-price performance after news of the listing plan emerged. According to industry officials on October 22, SK Hynix has concluded it will scrap Solidigm’s U.S. listing and plans to announce the decision formally soon. Work on a pre-IPO share sale tied to the listing has also been halted. Strong opposition from SK Hynix shareholders and weakness in the stock are seen as decisive factors behind the reversal. Shareholders had worried that listing Solidigm separately would trigger a dual-listing discount and erode SK Hynix’s corporate value. They also opposed the plan because any new share issuance would dilute existing holdings and shift Solidigm’s net income and future profits away from SK Hynix shareholders to new investors. Solidigm carries significant weight within the group. It accounts for 12.9% of SK Hynix’s total corporate value. AI Company, its parent company, posted net profit of 5.84 trillion won ($4.21 billion) in the first half of this year, equal to 4.3% of SK Hynix’s total, while its revenue contribution was 9.3%, close to 10%. Solidigm was created after SK Hynix acquired Intel’s NAND flash business in 2021. AI Company, a U.S. intermediate holding company, owns 100% of the stake. Earlier this year, SK Hynix set up AI Company in January, placed a new Solidigm entity under it as part of a governance restructuring, and injected as much as $10 billion in capital. With SK Hynix deciding to formally withdraw the Solidigm listing plan after accepting shareholder sentiment, market controversy over equity-value dilution and damage to shareholder value is expected to ease for now. Kim Chae-yeon, Hankyung.com reporter why29@hankyung.com Roh Yoo-jung, Hankyung.com reporter yjroh@hankyung.com

SK Hynix Abruptly Withdraws Solidigm US IPO Plan, Accepting Shareholder Views

Public backlash grows over dual-listing concerns
Capital-market conditions and a weak domestic stock market also weighed
SK Hynix has decided to withdraw the planned Nasdaq initial public offering of its indirect subsidiary Solidigm. The move appears to reflect a broad review of intensifying shareholder backlash, capital-market conditions and the company’s stock-price performance after news of the listing plan emerged.
According to industry officials on October 22, SK Hynix has concluded it will scrap Solidigm’s U.S. listing and plans to announce the decision formally soon. Work on a pre-IPO share sale tied to the listing has also been halted.
Strong opposition from SK Hynix shareholders and weakness in the stock are seen as decisive factors behind the reversal. Shareholders had worried that listing Solidigm separately would trigger a dual-listing discount and erode SK Hynix’s corporate value. They also opposed the plan because any new share issuance would dilute existing holdings and shift Solidigm’s net income and future profits away from SK Hynix shareholders to new investors.
Solidigm carries significant weight within the group. It accounts for 12.9% of SK Hynix’s total corporate value. AI Company, its parent company, posted net profit of 5.84 trillion won ($4.21 billion) in the first half of this year, equal to 4.3% of SK Hynix’s total, while its revenue contribution was 9.3%, close to 10%.
Solidigm was created after SK Hynix acquired Intel’s NAND flash business in 2021. AI Company, a U.S. intermediate holding company, owns 100% of the stake. Earlier this year, SK Hynix set up AI Company in January, placed a new Solidigm entity under it as part of a governance restructuring, and injected as much as $10 billion in capital.
With SK Hynix deciding to formally withdraw the Solidigm listing plan after accepting shareholder sentiment, market controversy over equity-value dilution and damage to shareholder value is expected to ease for now.
Kim Chae-yeon, Hankyung.com reporter why29@hankyung.com
Roh Yoo-jung, Hankyung.com reporter yjroh@hankyung.com
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US Blockchain Association Urges Congress to Rewrite Crypto Tax RulesThe US blockchain industry is urging Congress to overhaul tax rules for cryptocurrencies. BlockBeats and other outlets reported on October 22 that the Blockchain Association recently sent a letter to House and Senate leaders calling for crypto tax legislation. About 67 million Americans own and use digital assets, but the current tax code does not reflect changes in the market, the group wrote. The existing framework is creating uncertainty for taxpayers and imposing excessive reporting burdens, it said, encouraging innovation to move overseas. The association's proposed tax changes include an effective tax exemption for small transactions and a reporting system aimed at protecting taxpayer privacy. It also proposed treating mining and staking rewards as newly created property and taxing them when they are disposed of, rather than when they are received. The group also said taxes should be based on economic substance rather than technical form. In particular, it said wash-sale rules for digital assets should be designed so they do not disadvantage everyday crypto use. A wash sale prevents taxpayers from using a loss for a tax deduction if they repurchase a substantially identical asset within 30 days before or after selling it at a loss.

US Blockchain Association Urges Congress to Rewrite Crypto Tax Rules

The US blockchain industry is urging Congress to overhaul tax rules for cryptocurrencies.
BlockBeats and other outlets reported on October 22 that the Blockchain Association recently sent a letter to House and Senate leaders calling for crypto tax legislation.
About 67 million Americans own and use digital assets, but the current tax code does not reflect changes in the market, the group wrote. The existing framework is creating uncertainty for taxpayers and imposing excessive reporting burdens, it said, encouraging innovation to move overseas.
The association's proposed tax changes include an effective tax exemption for small transactions and a reporting system aimed at protecting taxpayer privacy. It also proposed treating mining and staking rewards as newly created property and taxing them when they are disposed of, rather than when they are received.
The group also said taxes should be based on economic substance rather than technical form. In particular, it said wash-sale rules for digital assets should be designed so they do not disadvantage everyday crypto use. A wash sale prevents taxpayers from using a loss for a tax deduction if they repurchase a substantially identical asset within 30 days before or after selling it at a loss.
Visa está perto de fechar acordo para adquirir a Fireblocks por cerca de US$ 2,5 bilhõesA Visa busca adquirir a Fireblocks, empresa de infraestrutura para custódia de criptomoedas. A Axios informou em 22 de outubro, citando fontes, que a Visa está em negociações para adquirir a Fireblocks. Uma fonte disse à Axios que as negociações estão em sua fase final. A Fireblocks está sendo avaliada em cerca de US$ 2,5 bilhões. Se o negócio for concluído, a Visa acelerará sua expansão no setor de criptomoedas. A empresa vem ampliando ativamente seus serviços relacionados a criptomoedas, inclusive por meio de uma parceria recente com a Mesh, empresa de infraestrutura financeira para criptomoedas, para expandir os recursos de pagamento com stablecoins.

Visa está perto de fechar acordo para adquirir a Fireblocks por cerca de US$ 2,5 bilhões

A Visa busca adquirir a Fireblocks, empresa de infraestrutura para custódia de criptomoedas.
A Axios informou em 22 de outubro, citando fontes, que a Visa está em negociações para adquirir a Fireblocks. Uma fonte disse à Axios que as negociações estão em sua fase final.
A Fireblocks está sendo avaliada em cerca de US$ 2,5 bilhões.
Se o negócio for concluído, a Visa acelerará sua expansão no setor de criptomoedas. A empresa vem ampliando ativamente seus serviços relacionados a criptomoedas, inclusive por meio de uma parceria recente com a Mesh, empresa de infraestrutura financeira para criptomoedas, para expandir os recursos de pagamento com stablecoins.
a16z mudará o nome de seu principal fundo de criptomoedas para a16z Frontier em mudança de estratégiaA Andreessen Horowitz, empresa global de capital de risco conhecida como a16z, está se preparando para retirar “Crypto” do nome de seu principal fundo de ativos digitais. O The Information, veículo de notícias sobre tecnologia dos Estados Unidos, informou em 22 de outubro que a a16z decidiu recentemente mudar o nome de “a16z Crypto” para “a16z Frontier”. A mudança visa ampliar o foco de investimento do fundo para além das criptomoedas, abrangendo uma gama mais ampla de tecnologias avançadas. Ali Yahya, sócio-geral e membro fundador da a16z Crypto, também está deixando a empresa. Ele planeja lançar sua própria startup.

a16z mudará o nome de seu principal fundo de criptomoedas para a16z Frontier em mudança de estratégia

A Andreessen Horowitz, empresa global de capital de risco conhecida como a16z, está se preparando para retirar “Crypto” do nome de seu principal fundo de ativos digitais.
O The Information, veículo de notícias sobre tecnologia dos Estados Unidos, informou em 22 de outubro que a a16z decidiu recentemente mudar o nome de “a16z Crypto” para “a16z Frontier”. A mudança visa ampliar o foco de investimento do fundo para além das criptomoedas, abrangendo uma gama mais ampla de tecnologias avançadas.
Ali Yahya, sócio-geral e membro fundador da a16z Crypto, também está deixando a empresa. Ele planeja lançar sua própria startup.
Presidente da Comissão de Serviços Financeiros, Kim, diz concordar com a entrada das bolsas de criptomoedas no mercado de títulos tokenizadosKim Byoung-hwan, presidente da Comissão de Serviços Financeiros da Coreia do Sul, afirmou em 22 de outubro que concorda com a ideia de permitir que as bolsas de ativos virtuais entrem no mercado de títulos tokenizados, ou STO. Kim fez as declarações durante uma auditoria parlamentar abrangente realizada em 22 de outubro pela Comissão de Assuntos Políticos da Assembleia Nacional, depois que o deputado do Partido Democrático Lee Kang-il disse que as autoridades deveriam analisar um plano para permitir que as bolsas de ativos virtuais negociassem títulos tokenizados. Kim afirmou que concorda com a intenção.

Presidente da Comissão de Serviços Financeiros, Kim, diz concordar com a entrada das bolsas de criptomoedas no mercado de títulos tokenizados

Kim Byoung-hwan, presidente da Comissão de Serviços Financeiros da Coreia do Sul, afirmou em 22 de outubro que concorda com a ideia de permitir que as bolsas de ativos virtuais entrem no mercado de títulos tokenizados, ou STO.
Kim fez as declarações durante uma auditoria parlamentar abrangente realizada em 22 de outubro pela Comissão de Assuntos Políticos da Assembleia Nacional, depois que o deputado do Partido Democrático Lee Kang-il disse que as autoridades deveriam analisar um plano para permitir que as bolsas de ativos virtuais negociassem títulos tokenizados. Kim afirmou que concorda com a intenção.
Banco da Coreia faz pausa após subidas das taxas em julho e agosto; mercados inclinam-se para um aumento em novembroDecisão unânime de manter a taxa em 3,0% "A política de aperto monetário continuará" Shin afirma que a pausa é fruto das medidas anteriores Responderá após analisar a inflação de outubro Crescimento deverá superar 3% pelo segundo ano consecutivo O Banco da Coreia manteve inalterada a sua taxa de juro de referência em 3,0% a 22 de outubro, numa decisão unânime. Ainda assim, os mercados apostam cada vez mais que o banco retomará as subidas das taxas em novembro, uma vez que o crescimento e a inflação estão a revelar-se mais fortes do que o esperado. Avaliar o impacto das subidas preventivas

Banco da Coreia faz pausa após subidas das taxas em julho e agosto; mercados inclinam-se para um aumento em novembro

Decisão unânime de manter a taxa em 3,0%
"A política de aperto monetário continuará"
Shin afirma que a pausa é fruto das medidas anteriores
Responderá após analisar a inflação de outubro
Crescimento deverá superar 3% pelo segundo ano consecutivo
O Banco da Coreia manteve inalterada a sua taxa de juro de referência em 3,0% a 22 de outubro, numa decisão unânime. Ainda assim, os mercados apostam cada vez mais que o banco retomará as subidas das taxas em novembro, uma vez que o crescimento e a inflação estão a revelar-se mais fortes do que o esperado.
Avaliar o impacto das subidas preventivas
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