The South Korean government and central bank are pushing for the revision of the Foreign Exchange Market Act, intending to include stablecoins in regulation On October 23rd, the South Korean government and central bank are pushing for the revision of the Foreign Exchange Market Act to regulate stablecoins as a payment tool. South Korea is formulating a digital asset basic law, which will establish an exchange licensing system and establish rules for stablecoin issuance. (Source: Digital Asset)

AI supply chain stocks continued to decline, with the US chip index falling 6.72% yesterday. On trade.xyz, the largest short position in SOXL was held by a 10x leveraged short position of 42,292 SOXL tokens, with an average purchase price of $103.262, and currently showing a floating profit of over $850,000.

The Trump administration is discussing expanding the beneficiaries of the Trump Account to include adults under 40. Currently, over 70 million children have access to the account, with funds invested in the State Street SPDR Portfolio ETF, which tracks the S&P 500 index. Elon Musk stated he will donate one share of SpaceX to every child in the US next year, and Trump confirmed the donation will be deposited into the Trump Account. (Source: CLS)

SK Hyper plans to raise $350 billion to build a data center in South Korea SK Hyper plans to raise $350 billion for the construction of data centers in South Korea, with the goal of building 15 gigawatts of capacity by 2035. CEO Chung Suk geun stated that the first phase of 5 gigawatts of construction alone requires $350 billion. The company plans to complete the first round of external financing by the end of this year or early 2027 and share the construction costs with tenants and investors. (Source: Jin Shi)

[There were 8 large transactions in the BTC spot market, totaling $15.62 million!] Intense trading with large funds in a short time—does it signal deeper intentions?