News linked to this event type.
Odaily News The Korea Exchange (KRX) plans to launch a new securities market on November 16, where assets such as artworks, real estate, and music copyrights can be traded like stocks through securities accounts.It is reported that the Korea Exchange is currently advancing the construction of the related trading system and preparations for market participants. A six-week simulated trading period will run from October 6 to November 13. The official market opening time may be adjusted based on the progress of financial regulators' approval of listed products. Once the market opens, investors will be able to buy and sell through securities company accounts, with trading hours aligned with the stock market.Analysts believe that South Korea's security token offering (STO) industry is at a critical turning point. Although the new securities to be listed in November will initially be issued and registered using traditional electronic securities methods, tokenized securities issued and managed on blockchain-based distributed ledgers will gradually be implemented after the relevant laws officially take effect in February 2027. (TheDailyEconomy)
HumidiFi stated on X that an incident occurred on its internal network earlier today, with the impact limited to the platform's own funds. Customer and third-party assets were unaffected. HumidiFi said the team is currently investigating the incident and has temporarily suspended trading. Further updates will be provided as appropriate following the completion of the review.
Odaily News – Andrew Park, CEO of Factblock and organizer of Korea Blockchain Week, stated that Korea's crypto market is shifting from retail-trading-driven dynamics toward institutional digital finance. The focus of global financial institutions and enterprises has moved from tokens, exchanges, and prices to custody, tokenization, stablecoins, payment and settlement infrastructure, and regulatory compliance.The Financial Services Commission of Korea has proposed a framework to open corporate virtual asset accounts to approximately 3,500 listed companies and registered professional investors. The National Assembly has officially passed amendments to the Electronic Securities Act and the Capital Markets Act, bringing tokenized real-world assets and security tokens under a unified legal framework.The Bank of Korea has completed the initial trial of Project Hangang, a real-world deposit token initiative, and plans to conduct second-phase institutional testing in late 2026. Related technical experiments have used wholesale deposit tokens to enable AI agents to execute automated conditional transactions. (Bitcoin.com News)
According to Bitcoin.com, Zach Pandl, Head of Research at Grayscale, stated that the U.S. Securities and Exchange Commission's (SEC) proposed regulations on crypto assets could increase network activity on Ethereum, Solana, and BNB Chain by reducing compliance uncertainties surrounding token financing, driving more U.S. issuers and investors to go on-chain, and potentially creating value for their native tokens ETH, SOL, and BNB.
Odaily News: Duquesne Family Office founder Stanley Druckenmiller purchased 4.1 million shares of high-performance computing company Bitdeer Technologies Group (BTDR) in the second quarter, with a position value exceeding $64.7 million and an average purchase price of $12.26. The company produces cryptocurrency mining hardware and operates data centers in the United States and other regions.Additionally, Druckenmiller bought 2.9 million shares of Hyperliquid Strategies (PURR), a digital asset treasury company in the HYPE sector, with a position value of $23.1 million, gaining indirect exposure to HYPE. Hyperliquid Strategies aims to provide U.S. and institutional investors with investment channels related to the HYPE token.Druckenmiller's moves are similar to concurrent increases in BTDR positions by Jane Street and Citadel, with Jane Street currently holding over $112 million worth of BTDR shares. BlackRock, State Street, and Citadel also increased their PURR holdings in the second quarter; HYPE previously hit an all-time high following related compliance progress news. (Bitcoin.com News)
Odaily News: HM Revenue & Customs (HMRC) has issued 81,000 warning letters to cryptocurrency investors suspected of unpaid taxes over the past 12 months, a 25% increase from approximately 65,000 in the previous year. These letters are intended to prompt recipients to disclose unpaid taxes before HMRC launches formal investigations.Cryptocurrency exchanges, using tokens to purchase goods or services, and gifting tokens to others may all constitute taxable disposals. Income generated from activities such as lending and staking may be subject to income tax rules, and UK residents are generally required to pay taxes on relevant income and gains from worldwide sources.Rules scheduled to take effect in April 2027 will apply no gain, no loss treatment to qualifying crypto lending and automated market-making arrangements until an economic disposal occurs, with an estimated impact on approximately 700,000 individuals.The Crypto Asset Reporting Framework requires service providers to submit 2026 transaction data, with the reporting period running from January 1 to May 31, 2027. It is expected that 52 jurisdictions will exchange relevant data in 2027, with an additional 15 added in 2028. (Bitcoin.com News)
Coinbase Vice President of Product Dor Levi announced that August 21 will be his last working day at Coinbase, with his next steps yet to be disclosed. Levi joined Coinbase in 2025, where he oversaw Product Foundations and drove initiatives to address long-standing account restriction and freeze issues that have plagued users. Coinbase CEO Brian Armstrong had previously publicly commended his work; earlier this year, the company also noted that the handling speed for account restriction cases has increased by approximately 90% following an AI-driven restructuring of compliance processes.
The Crypto Innovation Committee and the Blockchain Association have joined a lawsuit against Illinois' new tax law, alleging it is unconstitutional and discriminatory against digital assets. The 0.2% tax policy is projected to generate $60 million in state revenue but has drawn controversy for being levied on transactions rather than profits.
A CoinDesk opinion piece calls on the U.S. Congress to swiftly pass the Clarity Act, aiming to provide clear legal definitions for crypto assets and reshape the financial market structure to address current regulatory uncertainty.
Odaily News: Brian Armstrong posted on the X platform stating that most G20 countries already have regulatory frameworks for crypto trading, with the UK having recently established its framework just a few months ago. The US, home to the world's largest financial market, is a major exception in this regard. He stated that the Senate should pass the Clarity Act by September 15.
as the cryptocurrency market continues its rebound, shares of Bitcoin mining firms and digital asset treasury companies rose over the weekend. Market participants believe that the U.S. Treasury's announcement to expand the scale of long-term Treasury buybacks has boosted liquidity expectations, fueling improved sentiment toward risk assets and further lifting crypto-related stocks. Bitcoin mining firm Canaan saw its share price surge over 25%; MARA Holdings continued to climb after rising nearly 16% on Thursday. Strive, a digital asset treasury company holding more than 20,000 BTC, gained over 16% on Friday.Additionally, Trump stated that the U.S. government may purchase Bitcoin on a "large scale" in the future. The market rally was also driven by improved expectations for U.S. regulatory clarity. On Thursday, President Trump again urged Congress to advance the CLARITY Act, a bill aimed at further defining the U.S. digital asset regulatory framework and delineating the respective oversight roles of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the crypto market. (Cointelegraph)
The Head of Research at Galaxy posted on the X platform that the U.S. Securities and Exchange Commission (SEC) released a draft of the "Reg Crypto Assets" regulations on August 18, proposing a dedicated securities regulatory framework for certain crypto asset issuances. The proposal would allow qualified issuers to sell tokens to the U.S. public and provide a formal exit mechanism for related investment contracts following project completion or termination.
Odaily News, Blockworks analyst Shaunda Devens stated on the X platform that Kraken may be testing Hyperliquid's HIP-3 (Builder-Deployed Perpetuals) new compliant deployment feature, potentially becoming one of the first centralized exchanges to explore this mechanism. BlockworksData shows that a deployer named "Kraken HIP-3 test DEX" has enabled permission management functionality (Star gating) on the Hyperliquid testnet and went live for testing on August 19. Currently, this test DEX has completed whitelist settings for 10 wallets, tested 3 of the 5 compliance control features, and registered a "Kraken Exchange Validator."Shaunda Devens noted that Hyperliquid has been continuously adding testnet features to support regulatory-compliant HIP-3 deployments, including whitelist management, canceling user orders, closing positions via reduce-only orders, and moving collateral. These capabilities are similar to the risk control mechanisms required by traditional financial institutions' compliant trading platforms.Although this is still in the testing phase, and any user could deploy a test DEX with a similar name, making it impossible to confirm it definitively belongs to Kraken, combined with Hyperliquid's recent expansion of xStocks functionality and Kraken's parent company Payward's involvement in related business initiatives, analysts believe Kraken may be testing HyperCore's new infrastructure targeting institutional and compliant markets.HIP-3 is a third-party deployed perpetual contract market framework introduced by Hyperliquid, allowing eligible developers to create independent perpetual trading markets on HyperCore's order book infrastructure. It is considered a key upgrade direction for Hyperliquid to expand into traditional assets and institutional trading scenarios. If large compliant exchanges like Kraken enter the HIP-3 ecosystem, it could further drive the integration of on-chain derivatives markets with traditional financial trading systems.
: Galaxy's Head of Research posted on X, stating that on August 18, the U.S. Securities and Exchange Commission proposed the "Regulation Crypto Assets," abbreviated as Reg Crypto. The proposal aims to establish a legal pathway for certain tokens to be offered to the U.S. public and to set up a mechanism for terminating investment contracts. Its applicability is limited to crypto assets that are not themselves securities but were previously issued or sold as part of an investment contract; tokenized stocks, bonds, and arrangements bundling tokens with equity or other securities are not covered by the framework.The proposal sets out four stages: offering, disclosure, build-out, and exit. A one-time startup exemption allows issuers to raise up to $5 million over a maximum of four years; a higher-threshold exemption modeled on Regulation A permits raising $20 million or $75 million within 12 months. Such offerings must pass SEC qualification review and involve ongoing disclosure, with non-accredited investors capped at 10% of the higher of their annual income or net worth. Issuers are also required to disclose token supply and unlock schedules, minting and burning mechanisms, governance and smart contract permissions, source code, as well as project construction commitments and progress.Once an issuer completes or permanently ceases the relevant build-out obligations, makes no new construction commitments, and submits a transition report, the related investment contract will be deemed terminated, and the crypto asset will no longer be subject to securities laws under that investment contract. Issuers that did not use the above offering exemptions may also use this safe harbor. The SEC estimates that approximately 475 issuers per year would use the investment contract safe harbor, and about 130 issuers would use the two new exemptions. Offerings that qualify would not be considered restricted securities and could be resold immediately without contractual restrictions.The proposal also excludes covered initial offerings and certain secondary transactions from state registration and qualification requirements, but it does not address exchanges, brokers, dealers, or custody, nor is it a standalone innovative exemption for tokenized securities and on-chain transactions. The comment period is 60 days after publication in the Federal Register. SEC Chairman Paul Atkins and Commissioners Hester Peirce and Mark Uyeda all issued statements of support. The article was written by Alex Thorn.
Odaily News: Coinbase CEO Brian Armstrong stated that the U.S. Digital Asset Market Structure Clarity Act (CLARITY Act) is expected to receive more than 60 votes of support in the U.S. Senate by September 15, and he is confident it will pass the first key procedural vote after Congress reconvenes.Brian Armstrong previously stated that the CLARITY Act has entered its final advancement phase, and the Senate procedural vote requires 60 votes of support to move the bill forward. The bill aims to establish a U.S. digital asset regulatory framework, clarifying the division of responsibilities between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in overseeing crypto assets. Armstrong believes that regulatory clarity for the U.S. crypto industry is approaching—whether through the eventual passage of the CLARITY Act or through regulatory agencies advancing administrative rules, the market will see a more defined regulatory environment.Previously, former U.S. President Donald Trump also called on Congress to push for the CLARITY Act's passage, arguing that the bill is crucial for establishing a digital asset regulatory framework and enhancing the competitiveness of the U.S. crypto industry. reuters.com However, the bill still faces disputes from some lawmakers over issues such as conflicts of interest and stablecoin regulation, and whether it can ultimately be enacted depends on further negotiations in the Senate. (CoinDesk)
Odaily News - U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig stated that if the Clarity Act continues to be stalled by Democratic obstruction, the CFTC will leverage its existing authority to begin establishing a regulatory framework for crypto assets and has directed staff to expedite formal rule proposals.Selig has instructed staff to study incorporating digital asset market structure into CFTC rules, with both existing CFTC registrants and currently unregistered crypto exchanges potentially falling under regulatory scope. Rules tailored to digital assets may permit leverage and margin trading.On Thursday, Bitcoin ETFs saw net inflows of $606 million, marking the highest single-day figure since May 1; Ethereum ETFs recorded net inflows of $219 million, the highest since September 2025. Over the past 24 hours, short liquidations in the crypto market exceeded $1.2 billion, approaching $5 billion over the past two days. (Decrypt)
Odaily News: In a podcast interview, Tom Lee stated that if he could hold only one company over the next 10 years, he would choose Robinhood Markets over prediction market platform Kalshi. He believes Robinhood possesses a competitive moat built on user experience (UI) and customer relationships, an advantage that is sometimes underestimated by investors. He noted that Robinhood has established genuine user connections, which will serve as a critical foundation for the company's long-term growth.When discussing the regulatory risks facing prediction markets, Tom Lee expressed that this sector involves local regulators and judicial rulings, and significant uncertainty remains ahead. Currently, multiple U.S. states, including New York and Nevada, have taken legal action against prediction market-related businesses, while the U.S. Ninth Circuit Court of Appeals is also expected to issue a related ruling later this year.Regarding the regulatory framework for prediction markets, Tom Lee believes it might be more reasonable for the U.S. Commodity Futures Trading Commission (CFTC) to obtain regulatory authority. He stated that adjustments to prediction market regulations are part of the broader restructuring of the financial services regulatory system, but the final outcome of court rulings remains difficult to predict.Tom Lee has long been bullish on the fintech and digital asset sectors, and he believes the financial services industry will undergo broader regulatory and business model transformations in the future.
Odaily News - The U.S. Internal Revenue Service (IRS) has issued a warning about an advanced email phishing campaign targeting cryptocurrency holders in the United States. Attackers are using forged official tax letters to trick users into scanning malicious QR codes, aiming to steal crypto wallet credentials and private keys.According to reports, the attackers are impersonating the IRS by sending physical letters that create a sense of urgency under the guise of "tax compliance" or "account verification," and include QR codes within the correspondence. Once users scan these codes, they may be redirected to counterfeit websites, potentially exposing wallet login information, recovery phrases, or private keys, ultimately leading to the theft of digital assets.The IRS reminds taxpayers that official agencies will never request users to provide crypto wallet private keys, recovery phrases, or perform similar "wallet verification" procedures through unofficial channels. Cryptocurrency holders should remain vigilant against any suspicious emails or letters that ask them to scan QR codes, connect wallets, or submit sensitive information.As the number of crypto asset holders continues to grow, social engineering attacks targeting digital wallets are on the rise. Regulatory and security agencies are stepping up efforts to raise awareness and prevent such fraudulent activities. (CoinDesk)
Odaily News: Circle CEO Jeremy Allaire stated that the Financial Accounting Standards Board's (FASB) proposed digital asset accounting rules are expected to serve as a significant strategic catalyst for institutional adoption of digital dollars like USDC. He noted that if these rules are combined with the GENIUS Act, USDC could be widely utilized by global enterprises and financial institutions, marking a strategically crucial development.
Odaily News: The Hyperliquid Policy Center has released a research report titled "Perpetual Futures as Complements to Dated Futures," stating that perpetual futures can expand market risk management tools and improve price discovery efficiency, rather than squeezing out traditional dated futures markets.The report points out that the biggest difference between perpetual contracts and traditional futures is that they have no expiration date, meaning traders are not forced to roll over positions and can gain continuous exposure to asset prices through a single contract, making them better suited for around-the-clock trading. As perpetual futures enter the U.S. market for the first time, there has been concern over whether they would divert liquidity from traditional futures.The Hyperliquid Policy Center analyzed data from Bitcoin and on-chain WTI crude oil perpetual contracts, comparing perpetual contract prices during periods when traditional futures markets were closed against benchmark futures prices after markets reopened. The study covered 205 Bitcoin trading weekends and 19 weekends of on-chain crude oil perpetual contract samples.The research found that perpetual futures complement traditional futures in several ways:- Perpetual contracts can lower hedging costs by avoiding the additional expenses associated with rolling positions after traditional futures expire;- Perpetual contracts attract small-scale trading demand that traditional futures struggle to cover—for example, the median trade size for on-chain crude oil perpetuals is approximately $1,300, roughly 1/100th of traditional WTI futures;- Perpetual markets provide effective price discovery during periods when traditional markets are closed, with weekend prices typically being validated by benchmark market prices upon reopening;- During extreme market conditions, perpetual contracts help investors continuously manage risk—for instance, during the weekend of significant crude oil volatility in March 2026, using on-chain crude oil perpetuals for hedging could significantly reduce potential losses;- Data shows that after the launch of perpetual markets, no statistically significant negative impact was observed on traditional benchmark markets, with WTI futures spreads even narrowing after market reopening.