BBX: Trive leverages SATA to leverage huge purchasing power, Gemini and OSL seize payment high ground

The Bank of Korea has called for strengthened monitoring of overseas derivatives linked to South Korean chip manufacturers, pointing out that their rapid growth may amplify domestic market volatility. The Bank of Korea stated in its semi annual monetary policy report that the concentration of semiconductor stocks, the rebalancing of foreign investors' investment portfolios, and the accumulation and release of domestic leverage were the reasons for the fluctuations in the KOSPI index from January to July. Global banks and ETF managers trade Korean spot stocks, futures, and options when hedging total return swaps, amplifying domestic stock price volatility. An abnormal transaction by SK Hynix in July triggered a nearly $60 million sell-off in the offshore digital currency market, reflecting the increased cross market risk brought by leveraged products linked to South Korean chip manufacturers.

Address 0x8e48 purchased 116400 HYPE worth approximately 9.91 million US dollars 6 hours ago; In the past 8 months, the address has purchased approximately 1.89 million HYPEs through Galaxy Digital, with a total value of approximately $159 million, and has pledged all of its holdings. (Source: Lookonchain)

Ant International has launched a collaboration with Visa and Mastercard to establish a KYA interoperability framework, which will develop universal standards for AI intelligent agent identity recognition, verification, and transaction monitoring. This will enable intelligent agents that complete verification in one network to be used across ecosystems. McKinsey predicts that by 2030, the global scale of consumer transactions involving AI intelligent agents will be $3 trillion to $5 trillion. (Source: CNBC)

Address 0x8e48... bought 116400 HYPE worth 9.91 million US dollars 6 hours ago; The giant whale has purchased and pledged 1.89 million HYPEs worth $159 million through Galaxy Digital over the past 8 months. （Lookonchain）

The Hyperliquid Policy Center, a cryptocurrency policy advocacy organization, has submitted a friend of the court opinion to the Federal District Court for the District of Columbia, supporting the CFTC and accusing CME Group of attempting to stifle innovation, urging the court to dismiss CME Group's lawsuit against the CFTC in June this year. The opinion letter was written by Elizabeth Preroga, who served as Deputy Attorney General during the Biden administration, on behalf of the Hyperliquid Policy Center. She stated that if CME Group wins, every new product approved by the CFTC could attract lawsuits from incumbent institutions who wish to maintain the status quo, and the pace of innovation in the US futures market would come to a halt. (Source: The Block)