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According to a report by the Korean Economic Daily on October 21, Elice Group, an AI infrastructure company providing AI cloud and educational and office software, saw a significant rebound the day after its listing on the KOSDAQ. As of 9:15 AM that morning, Elice was priced at 79,900 Korean won, an increase of 18,400 Korean won from the previous trading day, a rise of 29.92%. The previous trading day's closing price was 61,600 Korean won, down 28,900 Korean won from the issue price of 90,500 Korean won, a decline of 31.93%. The report stated that even if the price reached the limit increase for the day, the stock price would still be below the issue price.Bloomberg reported on October 20 that Elice fell about 32% on its first day of trading, becoming a case of weakened confidence in so-called new cloud companies, and noted that it was at the center of the debate regarding AI company valuations and their ability to realize those valuations. Reuters stated that the sharp drop again raised market concerns about the sustainability of large investments in AI infrastructure and the investment recovery cycle. CNBC reported that the impact of the listing performance has spread to U.S. data center-related stocks. The scale of this public offering was $150 million, and the company plans to use the listing funds for the construction of modular data centers and related infrastructure.

Eight TLS certificates issued by eMudhra in India were found to have extremely weak private keys, allowing attackers to impersonate almost any website. Major browsers have blocked the affected certificates, but millions of servers, Linux systems, and connected devices may still need updates.A cryptography expert warned that the scale of this cleanup may exceed that of the Heartbleed vulnerability in 2014, and there is currently no confirmation of any malicious exploitation.

According to Cointelegraph, the Astana International Financial Centre Court (AIFC) in Kazakhstan has issued an injunction against six unlicensed cryptocurrency platforms, prohibiting them from providing digital asset services locally and expanding access restrictions to app stores. The Astana Financial Services Authority (AFSA) stated on Tuesday that the court made this ruling after the regulatory agency sued the operators of the relevant platforms for providing digital asset services without authorization.The order issued on September 15 specifically named BingX, Bitcoin.com, Huobi Global (HTX), BitMart, Coinbase, LBank, and WEEX; a three-day later amendment removed LBank from the list, as its operator had blocked access for users in Kazakhstan. Google and Apple, as app store operators, were also included and are required to implement regional access restrictions for the remaining platforms.AFSA stated that users of unlicensed platforms lack the protections that licensed institutions should provide, including asset protection, information disclosure, complaint handling, and dispute resolution. The National Bank of Kazakhstan is responsible for regulating digital asset service providers outside of the AIFC.AFSA CEO Evgeniya Bogdanova stated that this court ruling is the result of the agency's long-term efforts by its supervision and enforcement team to address the activities of unlicensed crypto platforms that advertise without authorization and provide digital asset-related services in Kazakhstan without a license.AFSA noted that it had issued warnings to over 20 platforms by 2025, nine of which voluntarily restricted app access in the country, and seven expressed intent to apply for licenses. The agency has withdrawn its claims against these nine, and the injunction will be enforced against the remaining six. Cointelegraph previously reported that the financial regulator in Kazakhstan had blocked nearly 1,000 unregistered cryptocurrency exchanges that were providing services to citizens of the country in 2023.

The Swiss Financial Market Supervisory Authority (FINMA) has approved the country's first Bitcoin ETF aimed at retail investors. This product falls under "other alternative investment funds" according to Swiss law and is labeled as having special risks. FINMA did not disclose the issuer of the fund, but multiple media outlets have indicated that signs suggest it may come from BIT Asset Management (formerly Matrixport Asset Management), and FINMA did not deny this claim in response to inquiries. Additionally, several fund providers have submitted or announced plans to submit Bitcoin ETF applications.The fund is a single-asset product, with all funds directed towards Bitcoin. To this end, FINMA needed to grant an exemption regarding its risk diversification rules, citing that Bitcoin has a long trading history and extremely high trading volume. In terms of asset custody, participating institutions must take measures to prevent operational and custody risks, with standards referenced from the regulatory announcement issued by FINMA on January 12, 2026, which requires that customer crypto assets are not included in bankruptcy assets in the event of the custodian's bankruptcy. Meanwhile, the sales process must comply with Fidleg's conduct rules to provide higher investor protection than direct purchases of cryptocurrencies, and the fund documents must clearly indicate the associated risks.While approving the ETF, FINMA emphasized that even investing in Bitcoin through an approved ETF carries high risks, with severe volatility potentially leading to significant depreciation of the principal invested, and required the issuer to provide clear warnings about volatility and loss risks. The United States has approved Bitcoin spot ETFs starting January 2024, with BlackRock's iShares Bitcoin Trust launching on January 11, 2024, currently managing approximately $65 billion. The Swiss Exchange has been able to trade Bitcoin products for years, but they have existed in the form of ETPs and do not have fund status; this approved ETF is the first to incorporate Bitcoin into the approved public fund framework.

According to a report by Financial Associated Press, Elon Musk, CEO of Tesla and SpaceX, reflected on his experience leading the government efficiency department in a preview of biographer Walter Isaacson's new podcast "Builders." Musk stated that cutting government spending has failed to address the U.S. fiscal deficit from within the government, and the only way to solve the U.S. national debt issue is through AI and robotics; it is impossible to rely solely on spending cuts to resolve the problem.Musk mentioned that Trump, both houses of Congress, and even the judicial system lack the genuine willingness to cut government spending. Trump wants to be liked and does not enjoy being blamed for funding cuts. He admitted that he got a bit caught up at that time, spending too long away from his companies; if he could do it over, his official tenure should only last one or two months instead of four, and he should have returned earlier to focus on AI. When asked if it was intoxicating to be in the West Wing of the White House, he said there was indeed a bit of that feeling, as it was pretty cool to witness major decisions in the Oval Office.The report cited campaign finance disclosures and a spokesperson for Musk's political action committee, stating that political spending in this election cycle has accumulated to approximately $366 million, with at least $276 million flowing to Republican-related organizations and their super political action committees since July of this year. It also mentioned that U.S. Treasury Secretary Janet Yellen stated that a 3% economic growth rate is expected to help escape debt through growth; Anthropic co-founder Jack Clark stated at the IMF-World Bank annual meeting that under extreme scenarios where AI capabilities rapidly advance and become widespread, the U.S. GDP could reach $44.4 trillion by 2030, a figure that is not a baseline forecast. The U.S. Congressional Budget Office projects a federal deficit of $1.9 trillion for fiscal year 2026, expanding to $3.1 trillion by 2036.

According to Jinshi news, the Ministry of Commerce and 8 other departments have released opinions on accelerating the promotion of technology-driven commerce. The opinions propose to promote the iterative upgrading of commodity supply, deeply implement the "Artificial Intelligence + Manufacturing" special action, accelerate the deep integration of artificial intelligence technology with product research and development, design, manufacturing, and marketing, enrich the supply of smart products such as smartphones, computers, home appliances, wearable devices, and robots, and encourage the research and application of smart products based on secure and reliable open-source operating systems.The opinions also propose to accelerate the transformation and upgrading of historical classic industries, develop classic high-quality products, build a lineup of Chinese consumer brands, and explore consumer brands that are independently innovative and of high quality. Vigorously develop technology-driven agriculture, promote the quality and efficiency of high-quality specialty agricultural products, encourage time-honored brands to innovate while maintaining their essence, and support time-honored enterprises in using modern production technologies for product innovation.

According to Reuters, earlier this month, the U.S. Department of Justice announced a deferred prosecution agreement with "Bitcoin Jesus" Roger Ver, under which his fraud and tax evasion charges will be dismissed in exchange for a payment of up to $49.9 million in fines.Roger Ver, one of the earliest Bitcoin evangelists, bought a large amount of Bitcoin in 2011 for less than $3 million. In February 2014, to avoid high tax burdens, he acquired citizenship in the Caribbean nation of Saint Kitts and Nevis and renounced his U.S. citizenship the following month. At that time, he and his companies held at least 131,000 Bitcoins, valued at over $70 million based on the price at that time. He believed that by changing his nationality, he could put an end to the high tax burden in the U.S.However, the U.S.'s stringent "exit tax" completely thwarted his plans. According to U.S. tax law, eligible expatriates must treat their global assets as if they were "sold the day before expatriation" and pay capital gains tax. Although Ver reported and paid $1.03 million in taxes, he not only failed to report his personal holdings of Bitcoin but also severely undervalued his company's assets. Ten years later, the IRS confirmed his fraudulent tax evasion (which is not subject to the statute of limitations), ultimately forcing him to pay back up to $49.9 million in taxes, fines, and interest, which is 48 times the amount he reported paying in taxes that year.

According to Whale Alert monitoring, Circle has minted 250 million USDC on Solana.

The Japanese yen stablecoin issuer JPYC posted on the X platform that the issuance processing of JPYC on the Polygon network experienced delays starting around 14:00. The related issues have now been resolved, and the backlog of issuance applications is being processed in order.JPYC emphasized that the JPYC issuance services on other networks and all redemption processing across networks were not affected by this incident.

Strive announced that the SATS IPO issuance scale has been expanded to 700 million dollars, with an issuance price of 90 dollars per share. The CEO of Strive stated that relevant details will be discussed in the next episode of HurdleRatePod, which will be released after the IPO settles next Tuesday.

The Nasdaq is currently experiencing network issues, and customers may intermittently encounter data loss problems.

The tokenized U.S. stock issuer EQX Labs announced the launch of EQX, which will issue tokenized U.S. stocks and ETFs natively in the form of HIP-1 tokens on Hyperliquid's HyperCore. The first 11 markets will soon open for 24/7 trading on Hyperliquid's public order book, and the tokens can be traded without permission.The EQX token is issued by the independent portfolio company EQX SPC Ltd. in the British Virgin Islands and is classified as a limited recourse note backed by stocks, with each code corresponding to an independent portfolio. Authorized participants can exchange between shares and tokens, and the issuer does not charge any related fees. The supported assets are held 1:1 by custodians connected to DTC, currently including Alpaca, StoneX, and Clear Street. Shares pending delivery will be displayed separately as in transit and should be settled on the next U.S. business day. The issuer is held by the Cayman purpose trust EQX STAR Trust, and EQX Labs does not hold this issuing entity.Holders can submit voting instructions via on-chain signatures, and dividends will be automatically reinvested in the same stock after withholding. Stock splits will be reflected in the supported shares. Once Hyperliquid's proposed HIP-1 expansion goes live, EQX plans to directly allocate dividends to holders' accounts. There are no issuer fees for creation, redemption, and holding, and trading is subject only to Hyperliquid's standard spot trading fees, with related business supported by trading fees shared by Hyperliquid with HIP-1 deployers.

According to Axios, senior advisors to Ukrainian President Zelensky communicated with White House officials to inquire whether a decision had been made to cut off "Starlink" services and to discuss solutions. The Ukrainian side also had similar communications with the CIA and the Pentagon. White House officials stated that they could not control SpaceX, and the Trump administration would contact SpaceX to understand the situation.

According to Decrypt, the controversial promoter Sahil Arora, who launched a series of celebrity meme coins in 2024, is back at it again. His latest issuance, the Floyd Money Mayweather token, has been launched on the Solana trading platform Fomo, and Mayweather's social media account once promoted it. The token's market cap peaked at $1 million, but then plummeted 96% within three hours on Wednesday. According to information from various social media accounts, before Mayweather's account deleted the promotional post, the deployer's wallet had only cashed out about $5,000 in profit, and the token subsequently surged to a market cap peak of $1 million.Arora told Decrypt that the entire scheme was carefully planned, and the narrative of Mayweather missing out on profits actually drove up the token price. Fomo integrates social media elements, allowing users to see who is buying and selling, making it easy to create viral spread. Arora claims to have made seven figures in profit on the Mayweather token through other wallets, but on-chain analysis firm Bubblemaps believes this is unrealistic: the largest associated wallet cluster made about $105,000 in profit, and the top 100 traders collectively made only $306,000 in profit.Arora stated that he will replicate all his operations from 2024 on Pump.fun on Fomo, but with better strategies to allow participants to profit as well. He claims to have close relationships with all collaborating celebrities, making it very easy to persuade them to participate.

According to CoinDesk, the consortium Qivalis, supported by 37 major European banks, announced that the Dutch Central Bank (DNB) has granted it an Electronic Money Institution (EMI) license, bringing it closer to issuing Euro-denominated electronic money tokens (EMT). The Amsterdam-based company still needs to meet the remaining requirements of the EU's Markets in Crypto-Assets Regulation (MiCA), including publishing a white paper, in order to issue the token in the coming months.This license enables Qivalis to provide a blockchain-based method for transferring Euros for banks and payment institutions. Qivalis plans to distribute its tokens through banks, cryptocurrency exchanges, and payment service providers, rather than directly to consumers. Since its establishment in September 2025, the consortium has expanded to 37 European banks, including BBVA, BNP Paribas, ING, and DZ Bank, and has chosen Fireblocks to provide digital asset infrastructure.According to MiCA regulations, EMTs are classified as stablecoins, but not all stablecoins are EMTs. EMTs are pegged to a single fiat currency and must be issued by authorized credit institutions or electronic money institutions, with holders having legal claims to them and the right to redeem them at face value at any time, and EMTs cannot pay interest.Qivalis CEO Jan-Oliver Sell stated that the currency in Europe should be carried on-chain by European rules, and Europe should have Euro-denominated on-chain settlement assets issued under European law and subject to European regulatory standards.

Federal Reserve Board member Bowman stated that they are planning a comprehensive restructuring to address the risk-averse culture issues exposed during the collapse of Silicon Valley Bank.

According to Bloomberg, the only Renminbi clearing bank in Hong Kong, Bank of China (Hong Kong) Limited, plans to issue interbank certificates of deposit in the mainland market, with the quota already registered with the People's Bank of China. A statement released by Bank of China Hong Kong on Tuesday indicated that the company plans to issue up to 22.2 billion Renminbi (approximately 3.3 billion US dollars) in interbank certificates of deposit this year.Interbank certificates of deposit are short-term debt instruments with a maturity of one year or less, commonly used by domestic banks to raise funds from peers. Bloomberg stated that this move is another step by Chinese authorities to strengthen Hong Kong as a hub for Renminbi business.

The IMF stated that the economic growth in the United States is insufficient to quickly address the expanding government debt and fiscal deficit issues, and other measures are needed to improve the fiscal situation. IMF President Kristalina Georgieva said in Bangkok that although higher economic growth helps alleviate the debt burden, relying solely on growth may not be enough to offset the pressures brought by high deficits and high interest expenditures.

According to BBX data, yesterday global US and Japanese stock-listed companies announced their latest financial updates regarding the increase in digital asset treasury holdings, capital tool operations, and optimization of collateralized lending. The core updates are as follows:Strive (NASDAQ: $ASST) increased its holdings by 3,311 BTC last week, bringing the total holdings to 32,773 BTC: The US-listed company Strive disclosed its latest treasury updates, revealing that it made a significant purchase of 3,311 Bitcoins in the open market last week. As of now, Strive's cumulative Bitcoin holdings have officially reached 32,773 BTC. During the same period, warrants valued at $208 million have been exercised, with approximately 15.3 million warrants set to expire on October 14 at 05:00.Metaplanet (TSE: 3350) plans to issue 52 billion yen zero-coupon convertible bonds to enhance the flexibility of pledged BTC for increased holdings: According to Metaplanet's CEO Simon Gerovich, the company announced it will issue zero-coupon yen convertible bonds worth 52 billion yen (approximately $328 million) maturing in 2031, while simultaneously advancing its share buyback plan.