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U.S. Spot Bitcoin ETFs See Fourth Straight Day of Outflows; Spot Ether ETFs Add $216 MillionU.S. spot Bitcoin exchange-traded funds posted net outflows for a fourth straight trading day, while spot Ether ETFs continued to draw sizable inflows. SoSoValue data for Sept. 11 showed U.S. spot Bitcoin ETFs recorded total net outflows of $13.29 million. That extended the outflow streak to four trading days. Among individual products, Morgan Stanley’s MSBT led inflows with $3.76 million. Even so, redemptions across the group outpaced subscriptions, leaving the category in net outflow territory. By contrast, spot Ether ETFs posted total net inflows of $216 million. BlackRock’s ETHA led the gains, pulling in $149 million. The continued exodus from Bitcoin ETFs alongside fresh inflows into Ether ETFs points to a divergence in institutional flows between the two leading cryptocurrencies.

U.S. Spot Bitcoin ETFs See Fourth Straight Day of Outflows; Spot Ether ETFs Add $216 Million

U.S. spot Bitcoin exchange-traded funds posted net outflows for a fourth straight trading day, while spot Ether ETFs continued to draw sizable inflows.
SoSoValue data for Sept. 11 showed U.S. spot Bitcoin ETFs recorded total net outflows of $13.29 million. That extended the outflow streak to four trading days.
Among individual products, Morgan Stanley’s MSBT led inflows with $3.76 million. Even so, redemptions across the group outpaced subscriptions, leaving the category in net outflow territory.
By contrast, spot Ether ETFs posted total net inflows of $216 million. BlackRock’s ETHA led the gains, pulling in $149 million.
The continued exodus from Bitcoin ETFs alongside fresh inflows into Ether ETFs points to a divergence in institutional flows between the two leading cryptocurrencies.
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Bitcoin, Ether Rebound After August CPI Matches Estimates as Fed Rate Path View HoldsBitcoin and Ether rebounded after the U.S. consumer price index for August came in broadly in line with market expectations, leaving the outlook for the Federal Reserve’s rate path largely intact. The Block reported on September 11 that Bitcoin briefly approached $79,000 after the CPI release before trading around $77,800. Ether also moved above $2,500. The U.S. Labor Department said August CPI rose 0.4% from a month earlier and 3.4% from a year earlier. Higher energy prices lifted headline inflation, but markets largely viewed the reading as insufficient to meaningfully alter expectations for the Fed’s September policy outlook. Matt Mena, senior digital assets strategist at 21Shares, said Bitcoin has posted an average 2.13% gain over 30 days in past instances when core CPI came in above expectations. If the Fed leaves rates unchanged, the current uptrend could continue, he said. Still, some cautioned that a stronger-than-expected core inflation reading could push rate expectations in a more hawkish direction again. Fabian Dori, chief investment officer at Sygnum Bank, said the recent Bitcoin rally has been driven by institutional allocations rather than leverage, meaning an upside inflation surprise could weigh on the advance. Louis Huang, an analyst at Bitget, pointed to firmer headline inflation driven by energy prices and relatively softer core inflation trends. For crypto markets, he said, the latest CPI did not provide a strong directional signal on rates. If Bitcoin holds above $76,270, that would indicate underlying demand remains solid. Solana also extended its gains. Mena said Solana exchange-traded funds have recorded more than $500 million in net inflows this year, while the network handled more than 5 billion transactions last month. He said SOL could still climb to $130 in the fourth quarter. He also said that if the CLARITY Act, a U.S. crypto market structure bill, is passed, Bitcoin could target $100,000, Ether $3,000 and Solana more than $130.

Bitcoin, Ether Rebound After August CPI Matches Estimates as Fed Rate Path View Holds

Bitcoin and Ether rebounded after the U.S. consumer price index for August came in broadly in line with market expectations, leaving the outlook for the Federal Reserve’s rate path largely intact.
The Block reported on September 11 that Bitcoin briefly approached $79,000 after the CPI release before trading around $77,800. Ether also moved above $2,500.
The U.S. Labor Department said August CPI rose 0.4% from a month earlier and 3.4% from a year earlier. Higher energy prices lifted headline inflation, but markets largely viewed the reading as insufficient to meaningfully alter expectations for the Fed’s September policy outlook.
Matt Mena, senior digital assets strategist at 21Shares, said Bitcoin has posted an average 2.13% gain over 30 days in past instances when core CPI came in above expectations. If the Fed leaves rates unchanged, the current uptrend could continue, he said.
Still, some cautioned that a stronger-than-expected core inflation reading could push rate expectations in a more hawkish direction again. Fabian Dori, chief investment officer at Sygnum Bank, said the recent Bitcoin rally has been driven by institutional allocations rather than leverage, meaning an upside inflation surprise could weigh on the advance.
Louis Huang, an analyst at Bitget, pointed to firmer headline inflation driven by energy prices and relatively softer core inflation trends. For crypto markets, he said, the latest CPI did not provide a strong directional signal on rates. If Bitcoin holds above $76,270, that would indicate underlying demand remains solid.
Solana also extended its gains. Mena said Solana exchange-traded funds have recorded more than $500 million in net inflows this year, while the network handled more than 5 billion transactions last month. He said SOL could still climb to $130 in the fourth quarter.
He also said that if the CLARITY Act, a U.S. crypto market structure bill, is passed, Bitcoin could target $100,000, Ether $3,000 and Solana more than $130.
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Fed, BOJ Tightening Week Puts Kospi’s 7,000 Rebound to the TestGlobal financial markets are set for a volatile week as major central banks, including the Federal Reserve and the Bank of Japan, deliver monetary policy decisions in quick succession. Concerns about further tightening have resurfaced as oil prices and U.S. Treasury yields remain elevated and U.S. inflation came in hotter than expected. According to the U.S. Labor Department, the consumer price index rose 0.4% in August from a month earlier and 3.4% from a year earlier. Core CPI, which excludes food and energy, increased 0.3% from the previous month, above the market forecast of 0.2%. That has pushed the probability of a 25-basis-point rate increase at the Federal Open Market Committee meeting on September 15-16 to nearly 90%. Investors are focused less on whether the Fed raises rates this time than on the possibility of further tightening afterward. The FOMC will release updated economic projections and its dot plot. Another key variable is how much Fed Chair Kevin Warsh leaves the door open to an additional rate increase. Higher long-term U.S. yields are adding to the pressure. The 10-year Treasury yield recently approached 5% intraday. If long-term rates stay elevated, valuation pressure on growth stocks such as AI and semiconductor names could intensify. The BOJ will hold its monetary policy meeting on September 17-18. Markets are increasingly pricing in the possibility that the central bank will raise its policy rate to 1.25% from 1.00%. If that happens, concerns over an unwind of the yen carry trade could deepen and weigh on risk assets globally. Oil prices will also be in focus. Brent crude and West Texas Intermediate have recently climbed to around $100 a barrel. If crude remains at that level, it could fuel concern over both U.S. inflation and further monetary tightening. In South Korea, the key question is whether the Kospi can reclaim the 7,000 level. The index had climbed above 7,000 on the back of an AI and semiconductor rally, but recently slipped back below that mark as higher oil prices and rising rates weighed on sentiment. Brokerages say oil prices and long-term U.S. yields will need to ease for the Kospi to extend its rebound.

Fed, BOJ Tightening Week Puts Kospi’s 7,000 Rebound to the Test

Global financial markets are set for a volatile week as major central banks, including the Federal Reserve and the Bank of Japan, deliver monetary policy decisions in quick succession. Concerns about further tightening have resurfaced as oil prices and U.S. Treasury yields remain elevated and U.S. inflation came in hotter than expected.
According to the U.S. Labor Department, the consumer price index rose 0.4% in August from a month earlier and 3.4% from a year earlier. Core CPI, which excludes food and energy, increased 0.3% from the previous month, above the market forecast of 0.2%. That has pushed the probability of a 25-basis-point rate increase at the Federal Open Market Committee meeting on September 15-16 to nearly 90%.
Investors are focused less on whether the Fed raises rates this time than on the possibility of further tightening afterward. The FOMC will release updated economic projections and its dot plot. Another key variable is how much Fed Chair Kevin Warsh leaves the door open to an additional rate increase.
Higher long-term U.S. yields are adding to the pressure. The 10-year Treasury yield recently approached 5% intraday. If long-term rates stay elevated, valuation pressure on growth stocks such as AI and semiconductor names could intensify.
The BOJ will hold its monetary policy meeting on September 17-18. Markets are increasingly pricing in the possibility that the central bank will raise its policy rate to 1.25% from 1.00%. If that happens, concerns over an unwind of the yen carry trade could deepen and weigh on risk assets globally.
Oil prices will also be in focus. Brent crude and West Texas Intermediate have recently climbed to around $100 a barrel. If crude remains at that level, it could fuel concern over both U.S. inflation and further monetary tightening.
In South Korea, the key question is whether the Kospi can reclaim the 7,000 level. The index had climbed above 7,000 on the back of an AI and semiconductor rally, but recently slipped back below that mark as higher oil prices and rising rates weighed on sentiment. Brokerages say oil prices and long-term U.S. yields will need to ease for the Kospi to extend its rebound.
Wall Street Erholt Sich Nach Fünf Sitzungen, Während Öl Fällt Und Der August-CPI Die Erwartungen TrifftUS-Aktien erholten sich nach fünf aufeinanderfolgenden Sitzungen mit Verlusten am 11. September. Dazu trugen niedrigere Ölpreise bei sowie ein Bericht zum August-Verbraucherpreisindex, der weitgehend den Markterwartungen entsprach. Der Dow Jones Industrial Average stieg um 509,19 Punkte bzw. 0,98% und schloss bei 52.573,29 an der New Yorker Börse. Der S&P 500 gewann 0,86% auf 7.656,98, während der Nasdaq Composite um 0,96% auf 26.333,04 zulegte. Die Anlegerstimmung verbesserte sich, nachdem die Ölpreise, die in den vergangenen Sitzungen die Aktien belastet hatten, zurückgingen. Brent-Rohöl für die Lieferung im November fiel um 2,8% auf 104,61 US-Dollar je Barrel und fiel damit erstmals seit sechs Sitzungen. West Texas Intermediate (WTI) für die Lieferung im Oktober sank um 2,4% auf 100,05 US-Dollar je Barrel und beendete damit eine Gewinnserie von neun Sitzungen.

Wall Street Erholt Sich Nach Fünf Sitzungen, Während Öl Fällt Und Der August-CPI Die Erwartungen Trifft

US-Aktien erholten sich nach fünf aufeinanderfolgenden Sitzungen mit Verlusten am 11. September. Dazu trugen niedrigere Ölpreise bei sowie ein Bericht zum August-Verbraucherpreisindex, der weitgehend den Markterwartungen entsprach.
Der Dow Jones Industrial Average stieg um 509,19 Punkte bzw. 0,98% und schloss bei 52.573,29 an der New Yorker Börse. Der S&P 500 gewann 0,86% auf 7.656,98, während der Nasdaq Composite um 0,96% auf 26.333,04 zulegte.
Die Anlegerstimmung verbesserte sich, nachdem die Ölpreise, die in den vergangenen Sitzungen die Aktien belastet hatten, zurückgingen. Brent-Rohöl für die Lieferung im November fiel um 2,8% auf 104,61 US-Dollar je Barrel und fiel damit erstmals seit sechs Sitzungen. West Texas Intermediate (WTI) für die Lieferung im Oktober sank um 2,4% auf 100,05 US-Dollar je Barrel und beendete damit eine Gewinnserie von neun Sitzungen.
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Kalshi Seeks CFTC, SEC Approval to Enter U.S. Perpetual Futures Markets for Stocks, CommoditiesKalshi, the U.S. prediction-market platform, is seeking to expand into perpetual futures tied to stocks and commodities. Bloomberg reported on September 11 that Kalshi co-founder and Chief Executive Officer Tarek Mansour plans to apply as soon as next week to the Commodity Futures Trading Commission and the Securities and Exchange Commission for approval to launch stock-linked perpetual futures. The company wants the two regulators to jointly oversee the contracts as security futures products. The initial lineup would include large-cap U.S. stocks such as Tesla, Apple and Nvidia. Kalshi plans to begin with shares of companies with market capitalizations above $100 billion and average daily trading value exceeding $450 million, then expand the products to exchange-traded funds. The stock-based contracts are designed to trade 23 hours a day, five days a week. Each contract would represent 100 shares, with minimum margin set at about 15% of the underlying stock's market value. Kalshi is also expanding in commodities. The company is preparing contracts tied to a range of commodities, including agricultural products, and is separately pursuing approval for perpetual futures based on West Texas Intermediate crude. Perpetual futures are derivatives that do not have a fixed expiration date, unlike conventional futures. The products have grown rapidly in crypto markets because they allow traders to build leveraged positions on underlying asset price moves with relatively small margin. U.S. financial firms and regulators, however, have continued to raise investor-protection concerns because higher leverage can amplify losses. "It is time to bring these products to U.S. markets under a regulated framework with appropriate safeguards and consumer protections," Mansour said. Kalshi has already been expanding its perpetual futures lineup. It previously received CFTC approval to list Bitcoin-based products, and this week broadened that approval to include contracts tied to gold, silver and platinum. Adding stocks would extend its business beyond crypto and commodities into traditional financial assets. Legal disputes over whether U.S. regulators can allow perpetual futures are continuing. CME Group sued the CFTC in June, arguing that the approval process failed to follow regulatory procedures set by Congress. The CFTC asked a court earlier in September to dismiss the case.

Kalshi Seeks CFTC, SEC Approval to Enter U.S. Perpetual Futures Markets for Stocks, Commodities

Kalshi, the U.S. prediction-market platform, is seeking to expand into perpetual futures tied to stocks and commodities.
Bloomberg reported on September 11 that Kalshi co-founder and Chief Executive Officer Tarek Mansour plans to apply as soon as next week to the Commodity Futures Trading Commission and the Securities and Exchange Commission for approval to launch stock-linked perpetual futures. The company wants the two regulators to jointly oversee the contracts as security futures products.
The initial lineup would include large-cap U.S. stocks such as Tesla, Apple and Nvidia. Kalshi plans to begin with shares of companies with market capitalizations above $100 billion and average daily trading value exceeding $450 million, then expand the products to exchange-traded funds.
The stock-based contracts are designed to trade 23 hours a day, five days a week. Each contract would represent 100 shares, with minimum margin set at about 15% of the underlying stock's market value.
Kalshi is also expanding in commodities. The company is preparing contracts tied to a range of commodities, including agricultural products, and is separately pursuing approval for perpetual futures based on West Texas Intermediate crude.
Perpetual futures are derivatives that do not have a fixed expiration date, unlike conventional futures. The products have grown rapidly in crypto markets because they allow traders to build leveraged positions on underlying asset price moves with relatively small margin. U.S. financial firms and regulators, however, have continued to raise investor-protection concerns because higher leverage can amplify losses.
"It is time to bring these products to U.S. markets under a regulated framework with appropriate safeguards and consumer protections," Mansour said.
Kalshi has already been expanding its perpetual futures lineup. It previously received CFTC approval to list Bitcoin-based products, and this week broadened that approval to include contracts tied to gold, silver and platinum. Adding stocks would extend its business beyond crypto and commodities into traditional financial assets.
Legal disputes over whether U.S. regulators can allow perpetual futures are continuing. CME Group sued the CFTC in June, arguing that the approval process failed to follow regulatory procedures set by Congress. The CFTC asked a court earlier in September to dismiss the case.
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Trump Reaffirms Plan to Pay Every U.S. Adult a $5,000 ‘Trump Dividend’President Donald Trump has reaffirmed a plan to pay a so-called "Trump dividend" of $5,000 to every adult in the U.S. In a Truth Social post on September 11, Trump wrote that "the $5,000 dividend will be paid" and that "our people deserve it." He said the U.S. is securing large sums through economic development and investment, and cited that as the basis for the payout. Trump also referenced last year's $1,776 payment to military service members, arguing that this plan could also be carried out. Trump ended the post by urging people to vote Republican. He did not provide specific details on funding, timing or the legislative steps required to deliver the $5,000 payment.

Trump Reaffirms Plan to Pay Every U.S. Adult a $5,000 ‘Trump Dividend’

President Donald Trump has reaffirmed a plan to pay a so-called "Trump dividend" of $5,000 to every adult in the U.S.
In a Truth Social post on September 11, Trump wrote that "the $5,000 dividend will be paid" and that "our people deserve it."
He said the U.S. is securing large sums through economic development and investment, and cited that as the basis for the payout. Trump also referenced last year's $1,776 payment to military service members, arguing that this plan could also be carried out.
Trump ended the post by urging people to vote Republican. He did not provide specific details on funding, timing or the legislative steps required to deliver the $5,000 payment.
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Clarity Act Debate to Continue Even if Sept. 15 Senate Procedural Vote FailsDebate over the Clarity Act is set to continue regardless of the outcome of a Senate procedural vote on Sept. 15, Forbes reported on Sept. 11. Cleave Mesidor, executive director of the Blockchain Foundation, told Forbes that discussions in Congress on advancing digital-asset market structure legislation will continue no matter how the Sept. 15 cloture vote on the Clarity Act turns out. Mesidor also said the bill is unlikely to become law before the midterm elections even if it clears the procedural vote on Sept. 15. The House is scheduled to go into recess just days after the Senate vote on the Clarity Act, leaving little time for both chambers to complete action on the measure. Still, legislative talks could gain momentum if the Senate secures the 60 votes needed for the procedural vote. The House Agriculture Committee and the House Financial Services Committee are watching the Senate negotiations, and a bipartisan compromise in the Senate could pave the way for swift action in the House. She added that bipartisan consensus has already formed around the need for the Clarity Act to support growth in the U.S. digital finance industry. Negotiations on the legislation will continue.

Clarity Act Debate to Continue Even if Sept. 15 Senate Procedural Vote Fails

Debate over the Clarity Act is set to continue regardless of the outcome of a Senate procedural vote on Sept. 15, Forbes reported on Sept. 11.
Cleave Mesidor, executive director of the Blockchain Foundation, told Forbes that discussions in Congress on advancing digital-asset market structure legislation will continue no matter how the Sept. 15 cloture vote on the Clarity Act turns out.
Mesidor also said the bill is unlikely to become law before the midterm elections even if it clears the procedural vote on Sept. 15. The House is scheduled to go into recess just days after the Senate vote on the Clarity Act, leaving little time for both chambers to complete action on the measure.
Still, legislative talks could gain momentum if the Senate secures the 60 votes needed for the procedural vote. The House Agriculture Committee and the House Financial Services Committee are watching the Senate negotiations, and a bipartisan compromise in the Senate could pave the way for swift action in the House.
She added that bipartisan consensus has already formed around the need for the Clarity Act to support growth in the U.S. digital finance industry. Negotiations on the legislation will continue.
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[Analysis] Bitcoin Falls Despite ‘Golden Cross’ as Rally Was Already Priced InBitcoin has fallen despite forming a so-called golden cross, a widely watched bullish signal, in a sign the indicator does not guarantee short-term gains. CoinDesk reported on September 11 that Bitcoin formed a golden cross earlier this week, but the price subsequently slipped to about $77,000 from $80,000. It said similar cases in the past often saw a substantial portion of the rally completed before the golden cross appeared, followed by a short-term pullback. A golden cross occurs when the 50-day moving average, which reflects the short-term trend, rises above the 200-day moving average, which tracks the longer-term trend. It is generally interpreted as a bullish signal pointing to the start of a medium- to long-term uptrend. But Bitcoin had already gained about 32% to $82,000 from $62,000 before the latest golden cross emerged. Although the signal formed earlier this week, the price was pushed back to around $77,000. CoinDesk said a golden cross can be a bullish signal over the long term, but it is inherently a lagging indicator that reflects price moves after the fact. By the time the signal appears, much of the advance may already have taken place.

[Analysis] Bitcoin Falls Despite ‘Golden Cross’ as Rally Was Already Priced In

Bitcoin has fallen despite forming a so-called golden cross, a widely watched bullish signal, in a sign the indicator does not guarantee short-term gains.
CoinDesk reported on September 11 that Bitcoin formed a golden cross earlier this week, but the price subsequently slipped to about $77,000 from $80,000. It said similar cases in the past often saw a substantial portion of the rally completed before the golden cross appeared, followed by a short-term pullback.
A golden cross occurs when the 50-day moving average, which reflects the short-term trend, rises above the 200-day moving average, which tracks the longer-term trend. It is generally interpreted as a bullish signal pointing to the start of a medium- to long-term uptrend.
But Bitcoin had already gained about 32% to $82,000 from $62,000 before the latest golden cross emerged. Although the signal formed earlier this week, the price was pushed back to around $77,000.
CoinDesk said a golden cross can be a bullish signal over the long term, but it is inherently a lagging indicator that reflects price moves after the fact. By the time the signal appears, much of the advance may already have taken place.
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Plaee CEO Calls Prediction Markets a ‘P2P Financial Market,’ Sees $1 Trillion in Volume by 2030 [..."Prediction markets are expanding the range of things that can be priced. In that they turn collective expectations into a real-time signal, they are closer to an information layer." Leon Okun, chief executive officer of Plaee, made the remarks in an interview with Bloomingbit on Sept. 11. "The fundamental concept of prediction markets is not new," he said. Financial markets have long enabled investors to price uncertainty through a variety of hedging tools. What prediction markets add, he said, is a wider range of outcomes that can be priced. Plaee is a business-to-business prediction-market infrastructure startup founded last year. It provides the infrastructure companies need to build their own prediction-market platforms. The company offers an integrated package spanning the front-end trading experience, back-office operations and compliance infrastructure. Okun said the turnkey service helps companies enter prediction markets quickly while retaining control over their brand, customers and revenue model. Building services on top of an existing prediction-market platform can ultimately leave a company dependent on another operator's ecosystem, Okun said. In some cases, that could mean competing for the same market share. He added that incumbent platforms are primarily focused on expanding their own marketplaces, not helping clients build differentiated standalone businesses. Regulatory Debate at Home and Abroad: 'It Must Be Built In From the Planning Stage' Prediction markets have grown rapidly since last year, becoming a source of controversy in both South Korea and the US. According to CoinGecko, monthly global prediction-market notional volume climbed to $52.8 billion in June from $27.1 billion in January, nearly doubling in six months. Global notional volume for the second quarter surpassed $110 billion, the highest quarterly total on record. Some US state governments, including those of Nevada and Michigan, argue prediction markets are closer to illegal gambling. Platforms including Kalshi are therefore continuing legal battles with some state governments in the US. In South Korea, the Korea Communications Standards Commission blocked domestic access to global prediction-market platform Polymarket last month. Okun said the situation shows prediction-market regulation is not something companies can put off until later and should be incorporated from the planning stage. He added that as regulators' approach to prediction markets continues to evolve, he hopes the markets will eventually operate within regulatory frameworks in every market, including South Korea. Okun's view is that prediction markets should be seen as a "peer-to-peer financial market." Participants are not betting against a house or bookmaker that sets the odds, he said. Instead, they trade directly with other investors through an exchange, with prices determined by the levels at which market participants are actually willing to buy and sell. 'The Next Three Years Will Be Interesting' as Plaee Prepares More Partnership Announcements Plaee entered into a strategic partnership earlier this year with Crypto.com to minimize regulatory risk. Crypto.com was among the companies that moved quickly to secure a license to offer prediction markets under Commodity Futures Trading Commission oversight, Okun said. Through the partnership, Plaee can help clients use prediction-market infrastructure that complies with CFTC rules and enter the market through a more streamlined process. He projected global prediction-market volume will reach $1 trillion by 2030. The industry has grown at a striking pace, with monthly notional volume rising 130-fold over the past two years. Okun said the next three years will clearly be a very interesting period. He added that Plaee plans to announce partnerships in the coming months with a variety of companies, including media, trading firms and financial-information platforms. Prediction markets are no longer a market that draws interest only from a specific type of operator, he said.

Plaee CEO Calls Prediction Markets a ‘P2P Financial Market,’ Sees $1 Trillion in Volume by 2030 [...

"Prediction markets are expanding the range of things that can be priced. In that they turn collective expectations into a real-time signal, they are closer to an information layer."
Leon Okun, chief executive officer of Plaee, made the remarks in an interview with Bloomingbit on Sept. 11. "The fundamental concept of prediction markets is not new," he said. Financial markets have long enabled investors to price uncertainty through a variety of hedging tools. What prediction markets add, he said, is a wider range of outcomes that can be priced.
Plaee is a business-to-business prediction-market infrastructure startup founded last year. It provides the infrastructure companies need to build their own prediction-market platforms. The company offers an integrated package spanning the front-end trading experience, back-office operations and compliance infrastructure. Okun said the turnkey service helps companies enter prediction markets quickly while retaining control over their brand, customers and revenue model.
Building services on top of an existing prediction-market platform can ultimately leave a company dependent on another operator's ecosystem, Okun said. In some cases, that could mean competing for the same market share. He added that incumbent platforms are primarily focused on expanding their own marketplaces, not helping clients build differentiated standalone businesses.
Regulatory Debate at Home and Abroad: 'It Must Be Built In From the Planning Stage'
Prediction markets have grown rapidly since last year, becoming a source of controversy in both South Korea and the US. According to CoinGecko, monthly global prediction-market notional volume climbed to $52.8 billion in June from $27.1 billion in January, nearly doubling in six months. Global notional volume for the second quarter surpassed $110 billion, the highest quarterly total on record.
Some US state governments, including those of Nevada and Michigan, argue prediction markets are closer to illegal gambling. Platforms including Kalshi are therefore continuing legal battles with some state governments in the US. In South Korea, the Korea Communications Standards Commission blocked domestic access to global prediction-market platform Polymarket last month.
Okun said the situation shows prediction-market regulation is not something companies can put off until later and should be incorporated from the planning stage. He added that as regulators' approach to prediction markets continues to evolve, he hopes the markets will eventually operate within regulatory frameworks in every market, including South Korea.
Okun's view is that prediction markets should be seen as a "peer-to-peer financial market." Participants are not betting against a house or bookmaker that sets the odds, he said. Instead, they trade directly with other investors through an exchange, with prices determined by the levels at which market participants are actually willing to buy and sell.
'The Next Three Years Will Be Interesting' as Plaee Prepares More Partnership Announcements
Plaee entered into a strategic partnership earlier this year with Crypto.com to minimize regulatory risk. Crypto.com was among the companies that moved quickly to secure a license to offer prediction markets under Commodity Futures Trading Commission oversight, Okun said. Through the partnership, Plaee can help clients use prediction-market infrastructure that complies with CFTC rules and enter the market through a more streamlined process.
He projected global prediction-market volume will reach $1 trillion by 2030. The industry has grown at a striking pace, with monthly notional volume rising 130-fold over the past two years. Okun said the next three years will clearly be a very interesting period.
He added that Plaee plans to announce partnerships in the coming months with a variety of companies, including media, trading firms and financial-information platforms. Prediction markets are no longer a market that draws interest only from a specific type of operator, he said.
Übersetzung ansehen
EastPoint: Seoul 2026 Set for Sept. 28 With Global Digital-Asset HeavyweightsU.S. policy and regulatory figures Ethereum and Tether representatives among attendees Stablecoins and capital markets on-chain among topics EastPoint: Seoul 2026, a private conference jointly hosted by the Korea Economic Daily, Hankyung Media Group’s digital-asset outlet Bloomingbit and global venture capital firm Hashed, will be held on September 28 at The Westin Seoul Parnas on Bongeunsa-ro in Seoul. Now in its second year, the event will bring together domestic and overseas companies, financial firms, government agencies and blockchain founders shaping the future of digital assets. This year’s speakers include Chetan Karkhanis, senior vice president at Franklin Templeton, which manages about $1.8 trillion in assets, and Guy Wuollet, a general partner at Andreessen Horowitz’s crypto arm. Attendees from the U.S. policy and regulatory sphere will also include Harry Jung, a former deputy director of the White House digital-asset advisory council; Caroline Pham, former acting chair of the U.S. Commodity Futures Trading Commission and now chief executive officer of MoonPay Institutional; and Utah state Senator Kirk Cullimore, the Republican majority leader in the state Senate. Joseph Lubin, co-founder of Ethereum, and Arthur Hayes, chief investment officer at Maelstrom, will also attend. Representatives from major global digital-asset companies including Tether, Circle, Coinbase, SBI Securities, Ripple and BitGo are also set to participate. From South Korea, Democratic Party lawmakers Ahn Do-geol and Min Byung-deok, along with Reform Party lawmaker Lee Jun-seok, will attend. The conference will focus on five topics: institutional investment, stablecoins, capital markets on-chain, AI agents and the use of blockchain in everyday life. It will combine a main stage with closed-door roundtables to discuss policy, investment and business partnerships. Last year, 503 decision-makers from more than 200 institutions attended the event. More than 50 business meetings and about 40 roundtables were held. Hashed Chief Executive Officer Kim Seo-jun said building a regulatory framework is not the end of the discussion but the start of deciding what kind of market and infrastructure to build. He added that it is important for the groups leading policy, capital and technology to gather in one place and find ways to put plans into action. Bloomingbit Chief Executive Officer Kim San-ha said this year’s event is focused on specific discussions about the challenges financial institutions and infrastructure companies face in the field. The gathering will give decision-makers from South Korea and abroad a venue to explore new financial-market structures and partnership opportunities. Park Si-on, Korea Economic Daily reporter / Lee Young-min, Bloomingbit reporter ushire908@hankyung.com

EastPoint: Seoul 2026 Set for Sept. 28 With Global Digital-Asset Heavyweights

U.S. policy and regulatory figures
Ethereum and Tether representatives among attendees
Stablecoins and capital markets on-chain among topics
EastPoint: Seoul 2026, a private conference jointly hosted by the Korea Economic Daily, Hankyung Media Group’s digital-asset outlet Bloomingbit and global venture capital firm Hashed, will be held on September 28 at The Westin Seoul Parnas on Bongeunsa-ro in Seoul. Now in its second year, the event will bring together domestic and overseas companies, financial firms, government agencies and blockchain founders shaping the future of digital assets.
This year’s speakers include Chetan Karkhanis, senior vice president at Franklin Templeton, which manages about $1.8 trillion in assets, and Guy Wuollet, a general partner at Andreessen Horowitz’s crypto arm. Attendees from the U.S. policy and regulatory sphere will also include Harry Jung, a former deputy director of the White House digital-asset advisory council; Caroline Pham, former acting chair of the U.S. Commodity Futures Trading Commission and now chief executive officer of MoonPay Institutional; and Utah state Senator Kirk Cullimore, the Republican majority leader in the state Senate.
Joseph Lubin, co-founder of Ethereum, and Arthur Hayes, chief investment officer at Maelstrom, will also attend. Representatives from major global digital-asset companies including Tether, Circle, Coinbase, SBI Securities, Ripple and BitGo are also set to participate. From South Korea, Democratic Party lawmakers Ahn Do-geol and Min Byung-deok, along with Reform Party lawmaker Lee Jun-seok, will attend.
The conference will focus on five topics: institutional investment, stablecoins, capital markets on-chain, AI agents and the use of blockchain in everyday life. It will combine a main stage with closed-door roundtables to discuss policy, investment and business partnerships.
Last year, 503 decision-makers from more than 200 institutions attended the event. More than 50 business meetings and about 40 roundtables were held. Hashed Chief Executive Officer Kim Seo-jun said building a regulatory framework is not the end of the discussion but the start of deciding what kind of market and infrastructure to build. He added that it is important for the groups leading policy, capital and technology to gather in one place and find ways to put plans into action.
Bloomingbit Chief Executive Officer Kim San-ha said this year’s event is focused on specific discussions about the challenges financial institutions and infrastructure companies face in the field. The gathering will give decision-makers from South Korea and abroad a venue to explore new financial-market structures and partnership opportunities.
Park Si-on, Korea Economic Daily reporter / Lee Young-min, Bloomingbit reporter ushire908@hankyung.com
Übersetzung ansehen
South Korea Says Cutting Uncertainty, Aligning Rules Are Key to Growing Blockchain IndustryScience Ministry Says It Will Improve Rules to Reflect Corporate Difficulties Financial Regulator Says Ministries Need Common Definitions for Rules South Korea’s government is reviewing ways to reduce regulatory uncertainty that it says is holding back growth in the blockchain industry. The Ministry of Science and ICT is studying related laws and systems based on difficulties raised by companies, while the Financial Services Commission says ministries need shared definitions and standards to prevent regulatory conflicts. Park Ji-hyun, director general of digital society planning at the Ministry of Science and ICT, made the remarks at a National Assembly forum held on Sept. 11 at the National Assembly Members’ Office Building and hosted by the Korea Blockchain Industry Promotion Association. The event was titled “National Assembly Forum on Building Digital Trust Infrastructure and Promoting the Blockchain Industry in the AI Era.” “We have heard many views that business is difficult because nothing is clearly defined and uncertainty remains,” Park said. “We are working to resolve that uncertainty.” "Vague Standards, More Than Bans, Are the Real Obstacle" Park said the problem facing the industry is not that blockchain businesses are uniformly banned. Rather, companies lack clear standards for using distributed ledgers and decentralized identity, or DID. Clarifying whether projects are allowed and which rules apply would help companies invest more steadily and develop services with greater confidence. He also said the ministry is conducting research on legislation to promote digital assets that reflects corporate demand. The bill remains under discussion, he added, and the research results and industry feedback could be reflected in the legislative process. Park also stressed that technological competitiveness must be secured in advance, separate from institutional reform. If companies wait until the digital-asset era is fully underway before stepping up research and development, it may be too late. The ministry is supporting blockchain in AI-related areas where the technology is needed. He added that blockchain use is not limited to finance. Through non-R&D programs, the ministry is backing blockchain applications in DID, local currencies and public-sector services. The technology is also being used in ports and in agriculture and food, he said. "Need Common Definitions to Prevent Regulatory Conflicts Across Ministries" The Financial Services Commission said legal frameworks for blockchain need to be coordinated across ministries. While the science ministry is focused on reducing uncertainty in the field, the FSC is emphasizing the need for a consistent basic framework and sector-specific rules across the broader industry. Seo Na-yoon, director of the Virtual Asset Division at the Financial Services Commission, pointed to the approach used for South Korea’s AI basic law, under which the lead ministry establishes the overall framework and relevant ministries coordinate the level of regulation in their respective areas. “We will coordinate so that definitions do not diverge,” Seo said. “It appears the process will move forward by first establishing a common basic definition and then adding further rules.” Seo also said existing regulations need to be reviewed if blockchain-AI converged services are to expand in finance. Three regulatory issues must be addressed for the use of AI agents in financial services: the use of personal and credit information and related consent procedures, network separation requirements, and rules governing individual financial sectors. She added that regulators need to examine how far AI can use information and what kind of consent it must obtain under the financial sector’s strict data-protection rules. The FSC is also considering ways to make the framework more flexible, she said. Requirements separating internal and external networks could constrain services that connect multiple systems, making regulatory easing and sector-specific institutional reform necessary.

South Korea Says Cutting Uncertainty, Aligning Rules Are Key to Growing Blockchain Industry

Science Ministry Says It Will Improve Rules to Reflect Corporate Difficulties
Financial Regulator Says Ministries Need Common Definitions for Rules
South Korea’s government is reviewing ways to reduce regulatory uncertainty that it says is holding back growth in the blockchain industry. The Ministry of Science and ICT is studying related laws and systems based on difficulties raised by companies, while the Financial Services Commission says ministries need shared definitions and standards to prevent regulatory conflicts.
Park Ji-hyun, director general of digital society planning at the Ministry of Science and ICT, made the remarks at a National Assembly forum held on Sept. 11 at the National Assembly Members’ Office Building and hosted by the Korea Blockchain Industry Promotion Association. The event was titled “National Assembly Forum on Building Digital Trust Infrastructure and Promoting the Blockchain Industry in the AI Era.”
“We have heard many views that business is difficult because nothing is clearly defined and uncertainty remains,” Park said. “We are working to resolve that uncertainty.”
"Vague Standards, More Than Bans, Are the Real Obstacle"
Park said the problem facing the industry is not that blockchain businesses are uniformly banned. Rather, companies lack clear standards for using distributed ledgers and decentralized identity, or DID. Clarifying whether projects are allowed and which rules apply would help companies invest more steadily and develop services with greater confidence.
He also said the ministry is conducting research on legislation to promote digital assets that reflects corporate demand. The bill remains under discussion, he added, and the research results and industry feedback could be reflected in the legislative process.
Park also stressed that technological competitiveness must be secured in advance, separate from institutional reform. If companies wait until the digital-asset era is fully underway before stepping up research and development, it may be too late. The ministry is supporting blockchain in AI-related areas where the technology is needed.
He added that blockchain use is not limited to finance. Through non-R&D programs, the ministry is backing blockchain applications in DID, local currencies and public-sector services. The technology is also being used in ports and in agriculture and food, he said.
"Need Common Definitions to Prevent Regulatory Conflicts Across Ministries"
The Financial Services Commission said legal frameworks for blockchain need to be coordinated across ministries. While the science ministry is focused on reducing uncertainty in the field, the FSC is emphasizing the need for a consistent basic framework and sector-specific rules across the broader industry.
Seo Na-yoon, director of the Virtual Asset Division at the Financial Services Commission, pointed to the approach used for South Korea’s AI basic law, under which the lead ministry establishes the overall framework and relevant ministries coordinate the level of regulation in their respective areas.
“We will coordinate so that definitions do not diverge,” Seo said. “It appears the process will move forward by first establishing a common basic definition and then adding further rules.”
Seo also said existing regulations need to be reviewed if blockchain-AI converged services are to expand in finance. Three regulatory issues must be addressed for the use of AI agents in financial services: the use of personal and credit information and related consent procedures, network separation requirements, and rules governing individual financial sectors.
She added that regulators need to examine how far AI can use information and what kind of consent it must obtain under the financial sector’s strict data-protection rules. The FSC is also considering ways to make the framework more flexible, she said. Requirements separating internal and external networks could constrain services that connect multiple systems, making regulatory easing and sector-specific institutional reform necessary.
Übersetzung ansehen
Today’s Key Economic Events ▶ Friday, Sept. 11: △ US crude oil inventories (1 a.m.) △ UK July GDP (3 p.m.) △ US August consumer price index (CPI) and core CPI (9:30 p.m.) △ US September University of Michigan consumer sentiment index and inflation expectations (11 p.m.)
Today’s Key Economic Events

▶ Friday, Sept. 11: △ US crude oil inventories (1 a.m.) △ UK July GDP (3 p.m.) △ US August consumer price index (CPI) and core CPI (9:30 p.m.) △ US September University of Michigan consumer sentiment index and inflation expectations (11 p.m.)
Übersetzung ansehen
Lawmakers Urge Blockchain Be Fostered as AI Trust Infrastructure, Not Just RegulatedNational Assembly forum on promoting the AI and blockchain industries "Use blockchain to secure trust in AI data" South Korean lawmakers said at a National Assembly forum that blockchain should be fostered as a core industrial technology, not treated solely as a regulatory target, to ensure data trust in the AI era. The Korea Blockchain Industry Promotion Association held a forum on September 11 at the National Assembly Members' Office Building in Yeouido, Seoul, titled "The AI Era: Building Digital Trust Infrastructure and Promoting the Blockchain Industry." Attendees included Democratic Party lawmakers Kim Woo-young and Hwang Jeong-a, along with independent lawmaker Choi Hyuk-jin. The lawmakers said blockchain should be used to manage data provenance, content rights and transaction histories. They also called for an institutional framework to support automated payments by AI agents and protect personal information. "Trust in data is the foundation for AI industry growth" Kim Woo-young of the Democratic Party said South Korea should move beyond regulating virtual assets and also examine how blockchain technology can be applied and integrated with other industries. He said verifying the source of data and content is becoming as important as improving AI performance. Defining accountability for decisions made and transactions executed by AI is also growing more important. He added that regulatory and institutional changes must follow if the technology's potential is to be translated into real business. "Areas such as AI agents' identity and authority, responsibility in automated payment processes, and balancing public ledgers with personal-data protection require new standards," Kim said. "The government and the National Assembly should work together to design a new digital trust framework so field-level demonstration results lead to institutional improvement." Hwang Jeong-a, also of the Democratic Party, said trust in data and content must be established first if the convergence of AI and blockchain is to develop into a new industry. "Blockchain can be used not only to prevent data tampering and track usage history, but also to record rights and automate settlements," Hwang said. "The scope of discussion should expand from virtual assets to AI data trading, protection of content rights, payments by AI agents and real-world assets, or RWA." She added that digital trust infrastructure is needed for technological potential to lead to a practical and sustainable industry. Hwang said she hoped the forum would serve as a starting point for discussions on new industries that could be created by the convergence of AI and blockchain. AI safety and narrowing regional gaps also emerge as tasks Choi said technological development and safety measures should advance in balance, taking into account the possibility that AI could be misused. He added that there should also be more specific discussion of the role blockchain can play in protecting personal information and strengthening security. There were also calls to ensure that investment in digital infrastructure does not widen industrial disparities between the Seoul metropolitan area and other regions. The concern is that regional areas may provide the land and electricity needed for data centers without seeing sufficient benefits in job creation or business attraction. Choi said policymakers should guard against a situation in which regions supply only electricity to data centers without gaining meaningful industrial growth. He said he has proposed a bill that would provide preferential treatment or incentives related to data use when public data centers and related companies set up operations in regional areas. "It should not stop at bringing in a single data center," Choi said. "Related companies and industries should take root in the region together. Even as AI- and blockchain-based digital trust infrastructure is built, industrial policy and data policy should be linked so regional gaps do not widen."

Lawmakers Urge Blockchain Be Fostered as AI Trust Infrastructure, Not Just Regulated

National Assembly forum on promoting the AI and blockchain industries
"Use blockchain to secure trust in AI data"
South Korean lawmakers said at a National Assembly forum that blockchain should be fostered as a core industrial technology, not treated solely as a regulatory target, to ensure data trust in the AI era.
The Korea Blockchain Industry Promotion Association held a forum on September 11 at the National Assembly Members' Office Building in Yeouido, Seoul, titled "The AI Era: Building Digital Trust Infrastructure and Promoting the Blockchain Industry." Attendees included Democratic Party lawmakers Kim Woo-young and Hwang Jeong-a, along with independent lawmaker Choi Hyuk-jin.
The lawmakers said blockchain should be used to manage data provenance, content rights and transaction histories. They also called for an institutional framework to support automated payments by AI agents and protect personal information.
"Trust in data is the foundation for AI industry growth"
Kim Woo-young of the Democratic Party said South Korea should move beyond regulating virtual assets and also examine how blockchain technology can be applied and integrated with other industries.
He said verifying the source of data and content is becoming as important as improving AI performance. Defining accountability for decisions made and transactions executed by AI is also growing more important. He added that regulatory and institutional changes must follow if the technology's potential is to be translated into real business.
"Areas such as AI agents' identity and authority, responsibility in automated payment processes, and balancing public ledgers with personal-data protection require new standards," Kim said. "The government and the National Assembly should work together to design a new digital trust framework so field-level demonstration results lead to institutional improvement."
Hwang Jeong-a, also of the Democratic Party, said trust in data and content must be established first if the convergence of AI and blockchain is to develop into a new industry.
"Blockchain can be used not only to prevent data tampering and track usage history, but also to record rights and automate settlements," Hwang said. "The scope of discussion should expand from virtual assets to AI data trading, protection of content rights, payments by AI agents and real-world assets, or RWA."
She added that digital trust infrastructure is needed for technological potential to lead to a practical and sustainable industry. Hwang said she hoped the forum would serve as a starting point for discussions on new industries that could be created by the convergence of AI and blockchain.
AI safety and narrowing regional gaps also emerge as tasks
Choi said technological development and safety measures should advance in balance, taking into account the possibility that AI could be misused. He added that there should also be more specific discussion of the role blockchain can play in protecting personal information and strengthening security.
There were also calls to ensure that investment in digital infrastructure does not widen industrial disparities between the Seoul metropolitan area and other regions. The concern is that regional areas may provide the land and electricity needed for data centers without seeing sufficient benefits in job creation or business attraction.
Choi said policymakers should guard against a situation in which regions supply only electricity to data centers without gaining meaningful industrial growth. He said he has proposed a bill that would provide preferential treatment or incentives related to data use when public data centers and related companies set up operations in regional areas.
"It should not stop at bringing in a single data center," Choi said. "Related companies and industries should take root in the region together. Even as AI- and blockchain-based digital trust infrastructure is built, industrial policy and data policy should be linked so regional gaps do not widen."
US-Spot-Bitcoin-ETFs verzeichnen dritten Tag in Folge Nettoabflüsse – 283 Millionen US-Dollar wurden abgezogenUS-amerikanische Spot-Bitcoin-Exchange-Traded-Funds meldeten Nettoabflüsse für den dritten Handelstag in Folge. Daten der On-Chain-Plattform SoSoValue zeigten, dass US-amerikanische Spot-Bitcoin-ETFs am 10. September insgesamt Nettoabflüsse in Höhe von 283 Millionen US-Dollar verzeichneten. Bei einzelnen Produkten verzeichneten ARKB von Ark Invest und 21Shares den größten Nettoabfluss. Dabei wurden 164 Millionen US-Dollar abgezogen. Morgan Stanleys MSBT hingegen meldete Nettozuflüsse von 3,9792 Millionen US-Dollar. Die gesamten Nettovermögenswerte bei US-amerikanischen Spot-Bitcoin-ETFs beliefen sich auf 97,49 Milliarden US-Dollar. Das entsprach 6,28 % der gesamten Marktkapitalisierung von Bitcoin; die kumulierten Nettozuflüsse seit dem Launch erreichten 55,168 Milliarden US-Dollar.

US-Spot-Bitcoin-ETFs verzeichnen dritten Tag in Folge Nettoabflüsse – 283 Millionen US-Dollar wurden abgezogen

US-amerikanische Spot-Bitcoin-Exchange-Traded-Funds meldeten Nettoabflüsse für den dritten Handelstag in Folge.
Daten der On-Chain-Plattform SoSoValue zeigten, dass US-amerikanische Spot-Bitcoin-ETFs am 10. September insgesamt Nettoabflüsse in Höhe von 283 Millionen US-Dollar verzeichneten.
Bei einzelnen Produkten verzeichneten ARKB von Ark Invest und 21Shares den größten Nettoabfluss. Dabei wurden 164 Millionen US-Dollar abgezogen. Morgan Stanleys MSBT hingegen meldete Nettozuflüsse von 3,9792 Millionen US-Dollar.
Die gesamten Nettovermögenswerte bei US-amerikanischen Spot-Bitcoin-ETFs beliefen sich auf 97,49 Milliarden US-Dollar. Das entsprach 6,28 % der gesamten Marktkapitalisierung von Bitcoin; die kumulierten Nettozuflüsse seit dem Launch erreichten 55,168 Milliarden US-Dollar.
Übersetzung ansehen
U.S. Senate Sets Sept. 15 Procedural Vote on CLARITY Act, Passage Unclear Amid Ethics DisputeThe U.S. Senate is headed for its first major vote next week on the CLARITY Act, a market-structure bill for digital assets. Republicans have released an amendment, but the bill’s path remains uncertain as disagreements over ethics provisions persist. Crypto in America reported on September 11 that the Senate is scheduled to hold a cloture vote on debate over the CLARITY Act at 2:15 p.m. on September 15. Cloture requires 60 votes. With at least two Republican senators poised to oppose the measure, supporters need at least nine Democratic votes. The central sticking point is the ethics provision. Republican Senator Thom Tillis and Democratic Senator Ruben Gallego proposed a bipartisan compromise in July that would bar federally elected officials and judges from issuing or endorsing digital assets. It would also require them to divest related financial interests or place them in a blind trust. The White House has so far not responded to the proposal, either publicly or privately, the report said. A Republican amendment released recently would refine provisions on decentralized finance, or DeFi, and expand credit unions’ authority to handle digital assets. But it left untouched the ethics provision that has faced pushback from Democrats and some Republicans. A stablecoin compensation provision is another variable. The American Bankers Association and the Independent Community Bankers of America are urging changes, saying that permitting interest-like rewards could drain deposits from community banks and curb their lending capacity. Republican Senators Jerry Moran and Josh Hawley have also indicated they could vote against the bill if the current language stays in place. Treasury Secretary Scott Bessent, by contrast, wants the Senate to move the bill forward first and continue negotiating the disputed provisions afterward. He warned that failure to advance the legislation could send a negative signal about the U.S.’s competitiveness in digital-asset regulation and its ability to combat crypto-related crime. Even if the bill passes the Senate, more hurdles remain before it can become law this year. The House has canceled voting sessions for the final two weeks of September, and both chambers are set to recess in October. That makes it increasingly likely that House action on the Senate amendment will slip to the lame-duck session in November.

U.S. Senate Sets Sept. 15 Procedural Vote on CLARITY Act, Passage Unclear Amid Ethics Dispute

The U.S. Senate is headed for its first major vote next week on the CLARITY Act, a market-structure bill for digital assets. Republicans have released an amendment, but the bill’s path remains uncertain as disagreements over ethics provisions persist.
Crypto in America reported on September 11 that the Senate is scheduled to hold a cloture vote on debate over the CLARITY Act at 2:15 p.m. on September 15. Cloture requires 60 votes. With at least two Republican senators poised to oppose the measure, supporters need at least nine Democratic votes.
The central sticking point is the ethics provision. Republican Senator Thom Tillis and Democratic Senator Ruben Gallego proposed a bipartisan compromise in July that would bar federally elected officials and judges from issuing or endorsing digital assets. It would also require them to divest related financial interests or place them in a blind trust. The White House has so far not responded to the proposal, either publicly or privately, the report said.
A Republican amendment released recently would refine provisions on decentralized finance, or DeFi, and expand credit unions’ authority to handle digital assets. But it left untouched the ethics provision that has faced pushback from Democrats and some Republicans.
A stablecoin compensation provision is another variable. The American Bankers Association and the Independent Community Bankers of America are urging changes, saying that permitting interest-like rewards could drain deposits from community banks and curb their lending capacity. Republican Senators Jerry Moran and Josh Hawley have also indicated they could vote against the bill if the current language stays in place.
Treasury Secretary Scott Bessent, by contrast, wants the Senate to move the bill forward first and continue negotiating the disputed provisions afterward. He warned that failure to advance the legislation could send a negative signal about the U.S.’s competitiveness in digital-asset regulation and its ability to combat crypto-related crime.
Even if the bill passes the Senate, more hurdles remain before it can become law this year. The House has canceled voting sessions for the final two weeks of September, and both chambers are set to recess in October. That makes it increasingly likely that House action on the Senate amendment will slip to the lame-duck session in November.
Verifiziert
Kospi eröffnet niedriger, da Öl stark steigt und US-Renditen zulegen; Chip-Aktien fallen um 4%Der Kospi handelte am frühen Freitag niedriger, da steigende Ölpreise und wachsende US-Staatsanleiherenditen die Stimmung der Anleger belasteten. Der Abverkauf konzentrierte sich auf große Halbleiterwerte, die empfindlich auf Zinsentwicklungen reagieren. Stand 9:07 Uhr am 11. September lag Samsung Electronics 3,81% unter dem vorherigen Handelstag bei 258.750 Won. SK Hynix fiel um 4,05% auf 1.778.000 Won. Auch andere aktienbezogene Titel aus dem Halbleiterbereich schwächten sich, wobei Samsung Electronics bevorzugte Aktien um 4,29% nachgaben und SK Square um 4,93%. Inländische Aktien gerieten unter Druck, nachdem sowohl die Ölpreise als auch die US-Staatsanleiherenditen über Nacht gestiegen waren. West Texas Intermediate-Rohöl für Lieferung im Oktober stieg am 10. September um 6,69% und notierte bei 102,48 USD je Fass. Brent-Rohöl für Lieferung im November gewann 6,34% auf 107,63 USD je Fass.

Kospi eröffnet niedriger, da Öl stark steigt und US-Renditen zulegen; Chip-Aktien fallen um 4%

Der Kospi handelte am frühen Freitag niedriger, da steigende Ölpreise und wachsende US-Staatsanleiherenditen die Stimmung der Anleger belasteten. Der Abverkauf konzentrierte sich auf große Halbleiterwerte, die empfindlich auf Zinsentwicklungen reagieren.
Stand 9:07 Uhr am 11. September lag Samsung Electronics 3,81% unter dem vorherigen Handelstag bei 258.750 Won. SK Hynix fiel um 4,05% auf 1.778.000 Won. Auch andere aktienbezogene Titel aus dem Halbleiterbereich schwächten sich, wobei Samsung Electronics bevorzugte Aktien um 4,29% nachgaben und SK Square um 4,93%.
Inländische Aktien gerieten unter Druck, nachdem sowohl die Ölpreise als auch die US-Staatsanleiherenditen über Nacht gestiegen waren. West Texas Intermediate-Rohöl für Lieferung im Oktober stieg am 10. September um 6,69% und notierte bei 102,48 USD je Fass. Brent-Rohöl für Lieferung im November gewann 6,34% auf 107,63 USD je Fass.
Übersetzung ansehen
SEC Moves to Let Blockchain Ledgers Serve as Official Securities Ownership RecordsThe U.S. Securities and Exchange Commission is moving to revise its rules to recognize blockchain ledgers as official records of securities ownership. The change could reshape the tokenized securities market by replacing a structure in which on-chain records and traditional shareholder registers are maintained in parallel. CoinDesk reported on September 10 that the SEC last week unveiled a proposal to update transfer-agent rules that have been in place for about 50 years. If adopted, the changes would allow electronic databases, including blockchain ledgers, to qualify as the “master securityholder file,” the official ledger of securities ownership. In today’s tokenized securities market, it is common to keep blockchain-based token ownership records separate from legally effective shareholder lists. That can lead to ownership disputes if the two sets of records diverge. In bankruptcy or insolvency, the resulting rights issues could become even more complex. Joris Delanoue, chief executive officer of SEC-registered on-chain transfer agent Fairmint, said the master shareholder file was once a paper document and is now maintained as a database. In his view, the proposal recognizes that a blockchain is not just a copy of an existing database, but can itself be the official record. Eli Cohen, chief legal officer at fund-tokenization firm Centrifuge, said the proposal could consolidate the existing dual-ledger structure into a single process. He said the current setup is not only inefficient, but could also create substantial confusion in the event of a bankruptcy or insolvency. Recognition of blockchain as an official ledger would not eliminate existing rules for tokenized securities. Requirements covering investor identity checks, holding eligibility and transfer restrictions would remain in place. The related controls could be built into tokens or smart contracts. The role of transfer agents would also remain intact. Some procedures, including the handling of a shareholder’s death or inheritance, legal notices and mail receipt, would still need to be carried out directly by a transfer agent. Delanoue added that anyone maintaining an official ownership record must have the full functions of a transfer agent. The SEC plans to collect public comments on the proposal for 60 days. The deadline for submissions is set for early November.

SEC Moves to Let Blockchain Ledgers Serve as Official Securities Ownership Records

The U.S. Securities and Exchange Commission is moving to revise its rules to recognize blockchain ledgers as official records of securities ownership. The change could reshape the tokenized securities market by replacing a structure in which on-chain records and traditional shareholder registers are maintained in parallel.
CoinDesk reported on September 10 that the SEC last week unveiled a proposal to update transfer-agent rules that have been in place for about 50 years. If adopted, the changes would allow electronic databases, including blockchain ledgers, to qualify as the “master securityholder file,” the official ledger of securities ownership.
In today’s tokenized securities market, it is common to keep blockchain-based token ownership records separate from legally effective shareholder lists. That can lead to ownership disputes if the two sets of records diverge. In bankruptcy or insolvency, the resulting rights issues could become even more complex.
Joris Delanoue, chief executive officer of SEC-registered on-chain transfer agent Fairmint, said the master shareholder file was once a paper document and is now maintained as a database. In his view, the proposal recognizes that a blockchain is not just a copy of an existing database, but can itself be the official record.
Eli Cohen, chief legal officer at fund-tokenization firm Centrifuge, said the proposal could consolidate the existing dual-ledger structure into a single process. He said the current setup is not only inefficient, but could also create substantial confusion in the event of a bankruptcy or insolvency.
Recognition of blockchain as an official ledger would not eliminate existing rules for tokenized securities. Requirements covering investor identity checks, holding eligibility and transfer restrictions would remain in place. The related controls could be built into tokens or smart contracts.
The role of transfer agents would also remain intact. Some procedures, including the handling of a shareholder’s death or inheritance, legal notices and mail receipt, would still need to be carried out directly by a transfer agent. Delanoue added that anyone maintaining an official ownership record must have the full functions of a transfer agent.
The SEC plans to collect public comments on the proposal for 60 days. The deadline for submissions is set for early November.
US-Staatsanleiherenditen steigen wegen Inflationsdrucks; Wahrscheinlichkeit einer Fed-Zinserhöhung im September über 70%Rendite 10 Jahre über 4,9%, kommt nahe an 5% heran Rendite 30 Jahre erreicht 5,35% und setzt neuen Höchststand PPI liegt über den Erwartungen, da der Ölpreis steigt EZB-Zinserhöhung erhöht den Druck weiter "August-CPI treibt Zinsentscheidung" Die langfristigen US-Staatsanleiherenditen steigen stark, da Anleger sich mit Inflationsrisiken auseinandersetzen, die durch steigende Rohölpreise, die Zinserhöhung der Europäischen Zentralbank und die über den Markterwartungen liegenden US-Produzentenpreise ausgelöst werden. Zins-Futures preisen mittlerweile eine 71,8-prozentige Wahrscheinlichkeit ein, dass die US-Notenbank (Fed) die Zinsen am 16. September anhebt. Die Märkte beobachten außerdem den August- Verbraucherpreisindex, der am 11. September veröffentlicht wird, als entscheidenden Faktor für die Zinsentscheidung der Fed.

US-Staatsanleiherenditen steigen wegen Inflationsdrucks; Wahrscheinlichkeit einer Fed-Zinserhöhung im September über 70%

Rendite 10 Jahre über 4,9%, kommt nahe an 5% heran
Rendite 30 Jahre erreicht 5,35% und setzt neuen Höchststand
PPI liegt über den Erwartungen, da der Ölpreis steigt
EZB-Zinserhöhung erhöht den Druck weiter
"August-CPI treibt Zinsentscheidung"
Die langfristigen US-Staatsanleiherenditen steigen stark, da Anleger sich mit Inflationsrisiken auseinandersetzen, die durch steigende Rohölpreise, die Zinserhöhung der Europäischen Zentralbank und die über den Markterwartungen liegenden US-Produzentenpreise ausgelöst werden. Zins-Futures preisen mittlerweile eine 71,8-prozentige Wahrscheinlichkeit ein, dass die US-Notenbank (Fed) die Zinsen am 16. September anhebt. Die Märkte beobachten außerdem den August- Verbraucherpreisindex, der am 11. September veröffentlicht wird, als entscheidenden Faktor für die Zinsentscheidung der Fed.
Übersetzung ansehen
US August CPI Due Sept. 11, Posing Key Test for Next Week’s Fed Rate DecisionThe U.S. consumer price index for August is due Sept. 11, and the result could influence the Federal Open Market Committee’s rate decision next week. Walter Bloomberg reported on Sept. 10 that August CPI is forecast to rise 0.4% from the previous month, accelerating from 0.1% in July. Core CPI is projected to increase 0.2% on the month. From a year earlier, headline CPI is expected to rise 3.4% and core CPI 2.4%. The faster increase in headline inflation is likely to be driven by energy prices. Energy prices are projected to rebound about 2.5% in August after falling 1.5% in July, while airfare and lodging costs could also add upward pressure. By contrast, gains in medical costs and used-car prices are expected to slow, and apparel prices are forecast to decline. If core CPI rises 0.3% from the prior month, the odds of a 25-basis-point Fed rate increase could increase. A 0.2% reading would likely leave uncertainty over the rate decision intact. If it comes in at 0.1%, expectations for a pause could strengthen. The federal funds futures market is currently pricing in about 15.5 basis points of additional tightening by next week and about 37 basis points by year-end.

US August CPI Due Sept. 11, Posing Key Test for Next Week’s Fed Rate Decision

The U.S. consumer price index for August is due Sept. 11, and the result could influence the Federal Open Market Committee’s rate decision next week.
Walter Bloomberg reported on Sept. 10 that August CPI is forecast to rise 0.4% from the previous month, accelerating from 0.1% in July. Core CPI is projected to increase 0.2% on the month. From a year earlier, headline CPI is expected to rise 3.4% and core CPI 2.4%.
The faster increase in headline inflation is likely to be driven by energy prices. Energy prices are projected to rebound about 2.5% in August after falling 1.5% in July, while airfare and lodging costs could also add upward pressure. By contrast, gains in medical costs and used-car prices are expected to slow, and apparel prices are forecast to decline.
If core CPI rises 0.3% from the prior month, the odds of a 25-basis-point Fed rate increase could increase. A 0.2% reading would likely leave uncertainty over the rate decision intact. If it comes in at 0.1%, expectations for a pause could strengthen. The federal funds futures market is currently pricing in about 15.5 basis points of additional tightening by next week and about 37 basis points by year-end.
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Peter Schiff Says Trump Promised $5,000 for Every US Adult if Republicans Win Midterms, Calls It ...Economist Peter Schiff criticized President Donald Trump, saying Trump had promised $5,000 to every US adult if Republicans win the midterm elections. Cointelegraph reported on September 10 that Schiff characterized the proposal as an attempt to win voters' support. Schiff said Trump had effectively pledged to pay $5,000 to every US adult on the condition that Republicans prevail in the midterms. He described the cash-payment pledge as an attempt to "buy votes."

Peter Schiff Says Trump Promised $5,000 for Every US Adult if Republicans Win Midterms, Calls It ...

Economist Peter Schiff criticized President Donald Trump, saying Trump had promised $5,000 to every US adult if Republicans win the midterm elections.
Cointelegraph reported on September 10 that Schiff characterized the proposal as an attempt to win voters' support.
Schiff said Trump had effectively pledged to pay $5,000 to every US adult on the condition that Republicans prevail in the midterms.
He described the cash-payment pledge as an attempt to "buy votes."
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