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Share link:In this post: OpenAI staff are looking to sell $6 billion in shares in a deal that could raise the company’s valuation to $500 billion. SoftBank has committed to leading a $40 billion fundraising round for the Ai giant, with $8.3 billion already raised. OpenAI recently launched GPT-5, which has drawn both criticism and praise for its performance.
Share link:In this post: Vladimir Putin highlighted growth in U.S. trade with Russia after Trump’s return. Turnover in bilateral trade with America increased by 20%, the Russian president said. Volumes remain much lower than a decade ago as both express interest in doing business.

Share link:In this post: Foreign holdings of U.S. Treasuries hit a record $9.13 trillion in June, rising $1 trillion from last year. Japan and the UK increased their holdings, while China kept its level flat at $756.4 billion, its lowest since 2009. India and Hong Kong cut their Treasury exposure, and overall net capital inflow to the U.S. plunged 75% from May.

Share link:In this post: Ethereum is nearing its $4,800 all-time high after gaining 40% in the past month. Inflows into U.S.-listed Ether ETFs hit $2.9 billion, signaling strong institutional demand. Ethereum’s DeFi TVL has surged past $90 billion, close to its 2021 peak of $108 billion.

Share link:In this post: US-based spot crypto ETFs saw $40 billion in trading volume for the first time ever. Ether ETFs are on a roll, with the products beating Bitcoin ETFs in net inflows for five consecutive days. Bitcoin and ETH had impressive price movements during the week, although price correction has now set in.

WiseLink’s investment has been executed through a 3-year convertible note, after a MoU with TopWin.



- 05:30Viewpoint: South Korea's stablecoin business may be reorganized around a "banking consortium" modelJinse Finance reported that, according to local information from the Bank of Korea (the central bank of Korea) in Hong Kong, the number of stablecoin issuer license applications received by the Hong Kong Monetary Authority (HKMA) since August this year has been lower than expected. The HKMA stated that as of the end of September, only 36 institutions had applied. This number is less than half of the 77 institutions that initially expressed interest. The Bank of Korea is also closely monitoring the case in Hong Kong. Even in Hong Kong, where capital flow controls are relaxed and there is no financial-industrial separation principle (“financial-industrial separation principle”), stablecoins still need to be managed under a strict regulatory framework. This situation will provide more substantial grounds for the Bank of Korea’s policy decisions. In response, some predict that the domestic stablecoin business in Korea is also highly likely to be reorganized with a “banking alliance at its core.” On the 20th, at the National Assembly’s state audit meeting, the Financial Services Commission of Korea and the Bank of Korea jointly stated that the issuer of the Korean won stablecoin should be an alliance centered on the banking industry. In response to the question from Democratic Party member Ryu Dong-soo, “Is it more appropriate to adopt an alliance form with bank participation when balancing innovation and stability?” Vice Chairman of the Financial Services Commission Kwon Dae-young replied, “I agree with this view.” The Bank of Korea also emphasized in its business report that it “supports this in principle” and pointed out that “it is necessary to issue (stablecoins) through a bank-centered alliance.”
- 05:30Multicoin Capital partner Kyle Samani: More optimistic about FHE compared to TEE and ZKPJinse Finance reported that on October 23, Multicoin Capital partner Kyle Samani joined the recent heated privacy discussion in the crypto community by posting on X, stating that assets are more important than privacy. For 99% of people, the risks of volatility far outweigh the benefits brought by privacy. There are three main ways to achieve on-chain privacy: Trusted Execution Environment (TEE), Zero-Knowledge Proof (ZKP), and Fully Homomorphic Encryption (FHE). When considering which method is optimal, three variables are important: A. Permissionless; B. Ability to execute arbitrary DeFi; C. Scalability of algorithms and chips. However, TEE does not work in a permissionless environment, and B is exactly where ZKP fails. He cited the recently surging privacy project Zcash as an example: when you submit an anonymous Zcash transaction, this transaction is actually invisible and cannot interact with anyone else's assets, making DeFi impossible. FHE, on the other hand, allows computation on encrypted data, and privacy DeFi using FHE architecture is very straightforward. Therefore, he expressed that he is more optimistic about FHE.
- 05:14Japan Plans to Ban Banks and Insurance Companies from Selling Cryptocurrencies, Securities Firms May Be PermittedJinse Finance reported that the Financial Services Agency of Japan is advancing a regulatory proposal for financial products, intending to prohibit banks and insurance companies from selling virtual currencies, while allowing securities firms and similar institutions to conduct virtual currency sales. Previously, the Financial Services Agency of Japan had already regarded virtual currencies as investment targets and has been exploring regulatory measures under the Financial Instruments and Exchange Act. The agency believes that virtual currency prices are highly volatile and there is a risk of asset leakage due to cyberattacks, thus it is necessary to protect the interests of depositors and insurance policyholders. However, given that internet securities firms and other institutions are already engaged in virtual currency sales, from the perspective of fair competition, the Financial Services Agency of Japan has preliminarily decided to allow securities subsidiaries under banks or insurance companies to sell virtual currencies. The report also pointed out that "it is expected that only after risk management measures are fully established will the Financial Services Agency of Japan possibly approve banks or insurance companies to hold and operate virtual currencies." The Financial Services Agency of Japan plans to submit relevant legal amendments at next year's regular session of the National Diet.