Coinone大股东变更获批：OKX Ventures与韩国投资证券等新股东结构申报完成
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Nomura Securities: Market concerns about "overcapacity" may be excessive; South Korean chip investment is unlikely to quickly translate into production capacity.
According to Mars Finance, Nomura Securities analysts stated in a recent report that market concerns about "computing power oversupply" may be excessive, and the memory chip industry still has a long way to go before entering a downward cycle. The market is currently facing a severe shortage driven by artificial intelligence demand, with major chip manufacturers prioritizing the production of more profitable high-bandwidth memory (HBM), leading to limited supply of ordinary DRAM and NAND. Nomura analysts emphasized that in this context, concerns about oversupply are excessive. Because the semiconductor industry's construction and development cycles are often very long, projects announced by South Korean chip giants are unlikely to have a substantial impact on supply for several years. (Cailian Press)
The Hong Kong Securities and Futures Commission is discussing the removal of the 10% minimum investment exemption for virtual asset management.
According to Odaily Odaily, the Hong Kong Securities and Futures Professionals Association stated that representatives from the regulatory body, including Ip Chi-hang, Executive Director of the Intermediaries Division of the Hong Kong Securities and Futures Commission, and Chan Ho-lim, Under Secretary for Financial Services and the Treasury, met to discuss several specific policy changes, including: canceling the previous 10% minimum investment exemption for virtual asset management, and the new regulations taking effect immediately without a transition period. In addition, the Hong Kong Securities and Futures Commission (SFC) stated that it has communicated with the Hong Kong Securities and Investment Institute (HKSI) to separate the examination and courses for virtual asset platform practitioners, and to reduce the examination fees to align with the current Paper 2 and Paper 3 examination fees. The Hong Kong Securities and Futures Association also requested a clear distinction between technology services and regulated activities, and suggested that the SFC establish a clearer approval timetable and phased reference framework. (Sing Tao Daily)
"Big Short" Burry short of AI, calling South Korean chip investment "the beginning of the end."
According to Odaily Odaily, "Big Short" Michael Burry has recently expanded his short positions in AI-related stocks, with the latest disclosed short positions including Tesla, Caterpillar, Applied Materials, and an ETF that tracks chip manufacturers. Burry has maintained his bearish view on the AI sector for months, believing that related asset prices will face a correction after the AI hype cools down. In a recent Substack post, he stated that South Korea's announcement of a large-scale chip investment plan boosted chip stocks, but he believes this is "the beginning of the end," and questions whether the continued expansion of capital expenditures in the AI industry can ultimately translate into corresponding returns. (Wall Street Journal)
South Korean beauty and retail stocks led the market gains, and Gate.com continues to expand its investment portfolio in South Korean stocks.
According to ChainCatcher, Gate's market data shows that the South Korean stock market was active today. Manyo Factory, a cosmetics stock, reached $11.60, up 18.43%; Heung Koo Petroleum reached $6.88, up 14.72%; and IT'S HANBUL reached $7.25, up 13.51%, with several popular South Korean stocks leading the market gains. Gate has established a 24/7 trading service system covering the three core markets of US, Hong Kong, and South Korea, supporting over 10,000 US stocks and ETFs, over 1,500 Hong Kong stocks, and over 1,000 South Korean stocks, totaling over 12,500 stocks and ETFs globally. Users can participate in global stock investment through their Gate unified account using USDT, supporting fractional share transactions starting from as low as 0.01 shares, and enjoying stock dividend rights. The platform also supports cross-brokerage transfers for US and Hong Kong stocks, as well as corporate actions such as stock splits and consolidations, further optimizing the stock investment service experience.
Flutterwave receives investment from Circle Ventures to expand its USDC payment and settlement business in Africa.
According to Foresight News , African fintech company Flutterwave announced it has received investment from Circle Ventures, with the specific investment amount undisclosed. This investment aims to expand Flutterwave's USDC payment and settlement business in Africa. Flutterwave stated that stablecoins are becoming core financial infrastructure, and the company is committed to building faster and more flexible cross-border fund transfer methods to help businesses achieve cash flow. According to a previous report by Foresight News , Ripple acquired a stake in African fintech company Flutterwave in June of this year for a valuation of $3.3 billion.
South Korea's Financial Supervisory Service has once again warned of the risks of excessive leverage in investment.
According to ChainCatcher, Lee Chan-jin, head of the Financial Supervisory Service of Korea, reiterated his warning at the third Consumer Risk Response Meeting yesterday that "leveraged investment is spreading throughout the financial industry and could seriously damage the financial health of households." Lee emphasized that when households concentrate their financial assets excessively in a specific asset or use leverage beyond their means, they not only face huge risks of loss but also severely weaken their overall financial health. Furthermore, Lee demanded that financial companies fully explain the structure and risks of leveraged investment throughout the design, manufacturing, and sales of financial products, and strictly manage and prevent sales practices that induce "borrowing money to invest."