Crypto News

NVIDIA CEO Jensen Huang describes AI as a five-layer stack: energy, chips, infrastructure, models and applications. The article compares it with a possible five-layer view of Bitcoin: proof of work, nodes, the blockchain, transactions and Script, and applications. The systems serve different purposes. AI infrastructure turns energy and computing power into intelligence; Bitcoin turns transactions and cryptographic proofs into a shared, verifiable record. As autonomous AI agents gain the ability to make purchases, use services and communicate with other agents, businesses may need reliable records of their identities, permissions and actions. Bitcoin tools such as digital signatures, programmable conditions and timestamped transactions could help document those actions. However, a blockchain can verify what was recorded and when, not whether an underlying real-world claim is true. The article also argues that blockchain scalability would matter if AI systems generate large volumes of records. The comparison is conceptual and does not describe a confirmed partnership or market announcement.

Stablecoin payments are gaining a larger share of crypto on-ramp activity, while businesses face different choices for moving fiat currency into and out of crypto platforms. Mercuryo reported that stablecoins made up 60% of crypto purchase value processed through its on-ramp in the first half of 2026, up from 43% six months earlier. Its accepted stablecoin off-ramp transactions rose 446% year on year. The figures reflect one provider’s activity, not the wider market. The article compares payment routes and providers for business use. SEPA supports euro transfers, SWIFT handles international bank payments, and SIC processes Swiss franc transfers. It also discusses local PLN payments through ZEN.COM, as well as ACH and PIX for other markets. WhiteBIT On/Off-Ramp lists EUR via SEPA and PLN via ZEN.COM, alongside other currencies. Kraken Ramp (Payward Ramp) offers an institutional integration with more than 24 payment methods, including SEPA, ACH, PIX and cards. zerohash supports fiat-to-crypto and crypto-to-fiat services through ACH, RTP, SEPA and payment service providers. For traders and crypto businesses, the key issue is not simply the number of supported currencies. Availability, fees, settlement speed, eligibility and integration vary by market and provider. The reported growth in stablecoin payments signals increased use of stablecoins in fiat-to-crypto flows, but the article provides no evidence of a direct effect on crypto prices.

A review of 59 contracts used as EIP-7702 delegates on Ethereum found that ten omitted the metadata hash normally appended to Solidity bytecode. Nine of those ten contracts nevertheless have verified source code on Blockscout; among the 46 contracts retaining a full metadata hash, 21 are verified there. The sample covered 1,178 authorizations from a 200-block Ethereum window on 8 September. Of the authorizations directed to delegates without a metadata hash, 369 out of 371 pointed to contracts with published source. By comparison, 324 of 774 authorizations to full-hash contracts did so. The stripped contracts include projects such as Uniswap’s CaliburEntry and Alchemy’s SemiModularAccount7702. The analysis suggests that removing the hash may help keep bytecode stable when metadata changes, but the projects did not state their reasons. The finding concerns code verification and contract transparency, not a change to Ethereum’s market fundamentals. Its scope is limited to one block sample and two verification services.

Bitcoin traded near $79,750 as markets awaited the Federal Reserve’s decision, with traders also monitoring oil prices and inflation risks. Brent crude eased to about $110 a barrel amid diplomatic efforts to calm tensions with Iran, but ongoing attacks and hints of further US strikes kept geopolitical risks in focus. Markets are pricing in roughly a 90% chance that the Fed will hold rates on Wednesday, while the odds of a December rate hike stand near 73%. Higher oil prices could keep inflation concerns elevated and influence expectations for future policy. US stocks rose on Monday, led by technology shares, while Asian markets were mixed. Traders were also watching US consumer confidence, durable goods and new home sales data. Bitcoin’s near-term direction may depend on how the Fed weighs inflation against economic conditions.

South Korea’s media and telecommunications regulator has set combined fines of 63.7 billion won (about $48 million) for Google and Apple over in-app payment rules. Google will pay about 42.9 billion won and Apple 20.8 billion won. Regulators said the companies pressured developers to use their proprietary payment systems and charged about 26% on third-party payment options. The investigation began in August 2022 under South Korea’s Telecommunications Business Act, with preliminary penalties announced in October 2023. The case also examined anti-steering rules that can prevent developers from directing users to cheaper external payment methods. The decision could affect app marketplace policies and the costs developers face in South Korea. It has limited direct implications for cryptocurrency prices, but may add to global regulatory scrutiny of major technology platforms and their control over digital payments.

China’s proposed AI export controls would allow overseas customers to use Chinese models through apps, APIs and cloud services, while restricting access to underlying technology. The draft covers model weights, source code, training data and expertise, as well as certain ownership changes and overseas deployments. It identifies 40 technologies for export controls: 23 related to AI, 12 to photovoltaics and five to biomedicine. Fourteen would be banned from export and 26 would require licences. AI controls target systems with training compute of at least 10²⁶ FLOPs or at least two trillion parameters. The proposal follows an interim pre-export registration requirement; public consultation runs until November 15, 2026, and final rules are expected by year-end. Open-source-compatible projects may qualify for automatic licensing. For traders, China AI export controls add uncertainty for technology companies and supply chains, but neither summary identifies a direct effect on any cryptocurrency’s price.

Alphabet has begun selling its Tensor Processing Unit (TPU) chips directly to selected outside customers, moving beyond its previous model of offering access only through Google Cloud. The first systems were delivered to customer data centres in the second quarter of 2026, generating initial direct-sales revenue. Alphabet expects most revenue from current agreements to arrive in 2027, with quarterly sales likely to fluctuate because of large equipment orders. Meta is running TPUs for production workloads in its own data centres. Oracle plans to offer the chips through Oracle Cloud Infrastructure in 2027, making it the first hyperscaler outside Google to do so. Analysts estimate external TPU revenue could reach about $8 billion in 2026 and between $51 billion and more than $75 billion in 2027, though these are forecasts, not company guidance. The commitments are included in Google Cloud’s $514 billion backlog at the end of Q2. Google Cloud revenue rose 82% year on year to $24.8 billion in Q2, before the impact of TPU sales. The move gives Alphabet a new route to compete with Nvidia in AI accelerators and broadens the market for its custom chips. Adoption will depend in part on improving compatibility with developers’ software tools. For traders, the key signals are future TPU revenue disclosures, delivery progress in 2027 and whether additional cloud providers adopt the hardware.

XRP has rebounded from the $1.26 support level for a second time in October and is approaching resistance near $1.34. This level aligns with the 0.5 Fibonacci retracement and the upper boundary of a descending channel, making it a key test for the short-term XRP price trend. A decisive breakout above $1.34 could open the way to $1.40, with $1.50 as a further resistance level. However, the descending channel remains intact, and a rejection could send XRP back to retest $1.26. A daily close below that support may expose $1.20 and then $1.14. Buyers have defended support, but the rebounds have not yet confirmed a trend reversal.

The available article content includes only the headline, “2026 ABS East Conference Takeaways: Overcast Skies,” and does not provide the conference findings or supporting details. The headline suggests a cautious outlook for the asset-backed securities (ABS) market, but the specific risks, data and speakers’ comments cannot be verified. No direct connection to cryptocurrency markets is established in the provided text.

Stripe has launched Stripe Pay, a plug-in that lets businesses send instant, fee-free transfers to other companies using Stripe profile handles. The service is available through Stripe Dashboard and the command-line interface. Both sender and recipient must have eligible Stripe financial accounts, and senders are prompted to verify recipient details before authorizing a payment. A dry-run option lets users check transfer information without moving funds. The launch expands Stripe’s business payment tools, including workflows that can be used by software agents. However, Stripe has not said that Stripe Pay transfers settle on a blockchain or use stablecoins. The company’s separate AI-agent and crypto services include virtual cards, programmable wallets and USDC payments through Coinbase’s x402 protocol. Stripe has also invested in stablecoin infrastructure through Bridge and Privy, and is developing the Tempo blockchain with Paradigm. The company estimated that global stablecoin payment volume reached about $400 billion in 2025, with business-to-business transfers accounting for roughly 60%. Stripe has not disclosed transaction volumes for Stripe Pay or confirmed that the new service uses Tempo.

Three Bitcoin whales transferred 6,168 BTC, worth about $498.5 million, to Coinbase Prime, according to Lookonchain. The deposits came as Bitcoin traded near $80,800 after recently falling below $80,000, raising trader concerns about possible selling pressure. However, neither Lookonchain nor Coinbase confirmed a sale, and Coinbase Prime also offers institutional custody and trading services. Separately, Arkham Intelligence reported that a whale deposited 438.37 BTC, worth about $35.38 million, to Coinbase Prime. The wallet had withdrawn 615.4 BTC at an average price of $105,271 about 16 months earlier and still held roughly 177 BTC. Arkham estimated the position was down more than $15 million. It is unclear whether this transfer was included in Lookonchain’s 6,168 BTC total, so the figures should not be added together. These Bitcoin whale deposits put exchange inflows in focus during a period of price weakness, but do not confirm that holders sold or changed their market positions.

Trade.xyz has launched RELIANCE, which is available for trading around the clock, every day of the year, with up to 10x leverage. The announcement was shared on the platform’s X account. No details were provided about the product’s underlying asset, liquidity, or trading volume. RELIANCE’s 24/7 access and leverage may appeal to traders seeking more flexible exposure, but leveraged trading can amplify both gains and losses.

Microsoft, Alphabet and Amazon are set to report earnings after the US market closes on 28–29 October, putting Big Tech earnings and AI investment returns in focus. Investors will assess cloud growth, margins, capital expenditure and cash flow to see whether AI demand can justify spending on data centres, chips and other infrastructure. Their latest reported capital expenditure totals about $134.9bn, but cash-flow positions vary: Microsoft generated $19.64bn in free cash flow in its latest reported quarter, while Alphabet and Amazon each spent more on capital investment in a quarter than they generated in operating cash flow. Key indicators include Azure growth and Copilot adoption at Microsoft; Google Cloud’s ability to turn its $514bn backlog into sustained profits, alongside AI’s effect on Search advertising; and AWS profitability and cash flow. Amazon’s AWS revenue grew 37% in its latest quarter and its backlog reached $496bn, but first-half free cash flow fell to negative $26.99bn. Spending guidance will matter: rising costs without stronger revenue or margins could weigh on technology stocks and broader market sentiment. The Federal Reserve’s rate decision falls in the same period and could add to volatility in valuations and risk appetite. For crypto traders, these results are an indirect market signal rather than a direct cryptocurrency catalyst. Cloud and AI investment trends, large-cap tech performance and interest-rate expectations may influence broader risk appetite and crypto’s correlation with equities. The main signals to watch are cloud growth, operating margins, capital-spending guidance and cash-flow outlook.

BNC, now renamed BNB Standard, is moving beyond holding BNB toward operating infrastructure and supporting the BNB Chain ecosystem. The shift follows a year of falling share prices and a governance dispute with asset manager 10X Capital over a 20-year management agreement carrying a 1.75% annual fee. In June 2026, BNC reached a governance agreement with YZi Labs, whose representatives joined the board. YZi Labs investment veteran Alex Odagiu later became CEO. BNC raised about $500 million in 2025 and built a reserve of more than 510,000 BNB. Its next plans include running a BNB Chain validator, staking its own BNB and potentially earning commissions from other users who delegate stake. At an estimated staking yield of 0.6%–1%, staking the entire reserve could generate roughly 3,000–5,200 BNB a year, or about $2.3 million–$3.8 million at the article’s quoted prices. Actual returns would depend on network activity, delegated stake and validator performance. The strategy could make BNC more than a listed BNB holder by linking public-market capital with blockchain infrastructure and, potentially, ecosystem investment. For traders, it is a company-specific development that may support interest in BNB, but it does not guarantee sustained buying or meaningful price gains.

South Korea is weighing a fourth delay to its cryptocurrency capital gains tax, shifting the proposed start date from 1 January 2027 to 1 January 2029. The presidential office reportedly favors postponement, but a final decision is expected in early December and any change requires parliamentary approval. Lawmakers are expected to debate amendments to the Income Tax Act from November. The tax was originally due to begin in 2022 and has already been postponed three times. A petition seeking a two-year delay drew 50,000 signatures, adding to pressure from lawmakers across party lines. The proposed crypto tax would apply to annual net gains from crypto transfers and lending. The rate is 20%, or 22% including local income tax, with a 2.5 million won deduction after acquisition costs. Officials cite gaps in cross-border tax reporting as a key concern: South Korea, Japan and the UK are scheduled to exchange data under the OECD’s Crypto-Asset Reporting Framework (CARF) from 2027, Singapore, Switzerland and Hong Kong from 2028, and the US from 2029. Without US data, authorities may find it harder to track overseas exchange activity, potentially leaving domestic-exchange users facing a greater reporting burden. A fourth crypto tax delay could give South Korean investors and exchanges more time before the levy takes effect, but the proposal remains uncertain until lawmakers decide. The extended timeline may ease near-term compliance pressure while prolonging uncertainty over crypto taxation and cross-border reporting.

The idea of a US Bitcoin reserve raises questions about how the government would acquire, secure and manage the cryptocurrency. Options include keeping Bitcoin already obtained through seizures or authorizing new purchases, which would require separate legal authority and public funding. The article notes that a proposal, an enacted law and an operational reserve are distinct stages; it does not say that a reserve or new purchases have been approved. Supporters argue a Bitcoin reserve could diversify government assets, provide exposure to an asset with a protocol-defined supply cap of 21 million coins, and give policymakers experience with digital-asset custody. However, Bitcoin’s price volatility, private-key security risks, legal and political uncertainty, and the opportunity cost of using public funds are significant challenges. Bitcoin’s scarcity does not guarantee price appreciation, and a 30% price decline would reduce the market value of a $1 billion holding to $700 million. For crypto traders, the market effect would depend on whether the US merely retains seized Bitcoin or makes additional purchases. Buying could add direct demand, while holding existing coins could reduce potential supply for sale. Policy announcements may influence sentiment, but actual price action would also depend on liquidity, interest rates, regulation and investor demand.

Stablecoin circulating supply can differ across data providers because they use different starting points, exclusions and definitions. The article proposes a six-step audit: check the token contract’s totalSupply() at a named block; subtract unissued, bridge-locked, backed and inaccessible balances; avoid double-counting yield-bearing wrappers; compare supply with same-day collateral; verify redemption access and limits; and date every figure. It cites USDS at about $6.81 billion on 26 October 2026, while Sky Ecosystem reported $11.48 billion for USDS and DAI combined. Sky reported $14.15 billion in collateral, or roughly $1.23 per dollar of stablecoin supply. The article says sUSDS represents a claim on USDS and should not be counted as additional supply. For traders, the key point is that stablecoin circulating supply is not a single universally agreed figure: the methodology, redemption options and collateral backing matter for assessing liquidity and risk.

Tokenization can put $100 million in assets on-chain, but that amount is not platform revenue. A hypothetical project outlined in the article estimates $500,000 in initial costs for development, legal work, security audits, asset checks, custody and operational readiness, plus $250,000 in annual operating expenses. At a 0.50% annual administration fee, $100 million in fee-bearing assets would generate $500,000 in gross revenue. Under those assumptions, the platform would need about $50 million in fee-bearing assets to cover annual operating costs, before recovering its initial investment or accounting for other expenses. Tokenization may reduce administration, reconciliation and settlement costs, but those savings are not guaranteed and can be delayed while digital and traditional processes run in parallel. The article cites McKinsey’s estimate that tokenized financial assets could reach about $2 trillion by 2030, excluding cryptocurrencies and stablecoins, with an optimistic scenario near $4 trillion. It also reports RWA.xyz dashboard figures of $39.22 billion in distributed asset value and $357.50 billion in represented asset value as of October 11, 2026, noting that the measures are distinct and do not show provider revenue or market liquidity. The central takeaway: tokenization’s commercial success depends on recurring revenue, operating costs and customer adoption—not simply the value of assets brought on-chain.

Malaysian customs seized 30 servers containing advanced AI chips, valued at about RM49.5 million ($12.1 million), at Kuala Lumpur International Airport on 15 October. The shipment was allegedly falsely declared as ordinary electronics and routed through Malaysia for re-export without the required permit under the Strategic Trade Act 2010. Authorities say the case is linked to a suspected smuggling syndicate associated with at least five cases involving chips worth more than RM100 million. The seizure follows a similar June 2026 case involving 72 servers worth RM52.9 million. Malaysia tightened controls on high-performance, US-origin AI chips in 2025 amid efforts to restrict shipments to China. The final destination in this case was not disclosed, and the investigation is ongoing. The AI chip seizure highlights increased scrutiny of Malaysia’s role in the global AI chip supply chain.

Limited access to Anthropic’s planned IPO is reportedly leading some Asian investors to seek indirect exposure through Amazon and Alphabet shares, semiconductor stocks and crypto derivatives. Anthropic, the company behind the Claude AI models, is preparing for a Nasdaq listing, but its IPO date, size and pricing have not been set. The Anthropic IPO valuation remains uncertain, with some market indicators pointing to expectations below earlier private-market valuations and scenarios under $1.25 trillion. For crypto traders, the reported shift may draw attention to derivatives and AI-related risk assets, but the article provides no evidence of a broad change in crypto prices or market stability. Investors are watching for IPO filing updates, pricing details and signals from major stakeholders.

HYPE, Hyperliquid’s native token, rose 4.8% after Payward, Kraken’s parent company, announced plans for a regulated US perpetuals market on Hyperliquid. The proposed deployment would use the platform’s HIP-3 infrastructure, which is still in testnet, making Payward the first CFTC-regulated entity to build on it. Bitnomial is expected to create the markets, while NinjaTrader Clearing would handle customer accounts. The launch remains subject to regulatory review. The news could strengthen sentiment around HYPE by signalling institutional interest in Hyperliquid and regulated on-chain derivatives. However, approval and deployment are not yet guaranteed. Traders will be watching regulatory decisions and progress on HIP-3. A prediction market cited in the article put the odds of Hyperliquid reaching $100 by 31 December 2026 at 23%.

The article argues that the iShares Silver Trust (SLV) could offer exposure to silver and a hedge against rising global debt risks. It points to a six-year structural deficit in the silver market and expects industrial demand to remain strong. SLV has made a sharp round trip over the past 12 months: its price rose from below $50 to a peak of $109, then fell back below $50. The author says that lower prices, combined with the supply-demand outlook, support a long position. The article also highlights rising debt-servicing costs in Japan and the US, while suggesting higher energy costs and a weaker jobs market could keep the Federal Reserve from raising rates through 2027. These are the author’s investment views, not a guaranteed forecast.

Brown Advisory’s Flexible Equity Strategy Q3 2026 commentary says major US hyperscale cloud companies are expected to spend about $700 billion on capital expenditure in 2026. The strategy used a software-sector sell-off to start a position in Tyler Technologies. It also initiated positions in Boston Scientific and S&P Global. The fund exited Intuit, Carrier Global, Lowe’s, American International Group and Illumina. The commentary reflects portfolio changes in listed equities; it does not report cryptocurrency holdings or trading activity.

J.P. Morgan announced on October 19, 2026, that JPM Coin (JPMD), its deposit-backed digital token, is available to approved institutional clients on Ethereum mainnet. JPM Coin already operates on Base, an Ethereum layer 2, making Ethereum its second public blockchain. The bank cited Ethereum’s liquidity and tokenised-asset activity as reasons for the expansion. JPM Coin represents deposits held at J.P. Morgan, not an unrestricted retail stablecoin like USDC. Access and transfers remain subject to the bank’s programme terms and controls. Approved clients can use JPM Coin for payments, trade settlement and tokenised-asset use cases. Kinexys processes more than $7 billion in transactions daily, while J.P. Morgan has not disclosed JPMD’s circulation; the bank handles roughly $12 trillion in daily payments. The Ethereum deployment could help institutions coordinate payments, cash, securities and collateral on shared blockchain infrastructure. However, it does not remove legal or counterparty risks, and the announcement alone does not establish broad adoption or imply an immediate change in ETH’s market value. Traders will be watching for transaction volumes, new integrations and further details on compliance and operational controls.

Bitcoin rebounded toward $83,000 earlier in the period, then pulled back and traded near $80,800 ahead of the Federal Reserve’s October 28 decision. It fluctuated between $79,416 and $81,159 over 24 hours. Traders are watching whether Bitcoin can hold support near $80,000 and reclaim resistance at $81,400–$82,500; a stronger recovery could bring $84,400–$85,000 into focus, while lower support sits near $78,000 and $76,000. Spot Bitcoin ETF flows have been volatile. The funds recorded $526.7 million in net inflows on October 19, reversing an outflow in the previous session. Later, they attracted $110.3 million on October 26 after two sessions of withdrawals totaling about $773.5 million, before inflows slowed to roughly $24.54 million the next day. Santiment also reported net exchange outflows of 14,942 BTC, the largest daily withdrawal in five weeks. These flows may reduce near-term selling pressure, but they do not confirm sustained accumulation. Markets broadly expect the Fed to hold rates at 3.75%–4.00%. Its guidance, US inflation and economic data could shape liquidity and risk appetite. Geopolitical concerns, including reports of possible US military action against Iran, add uncertainty and could push oil prices higher, renewing inflation concerns. Bitcoin’s near-term direction may therefore depend on Fed messaging, ETF demand and whether buyers defend support.

Separate data security incidents at Coinbase, Bithumb, Daishin Securities and Mirae Asset have raised concerns about phishing and account security. The incidents do not indicate a compromise of cryptocurrency trading systems or customer funds. Coinbase said a breach at analytics provider Amplitude exposed a small subset of customer contact information. It reported no unauthorized access to its own systems and said funds remain safe. Bithumb disclosed unauthorized access to its internal mobile groupware system on October 27 and is investigating what personal information was exposed; it said the system is isolated from its trading infrastructure. In South Korea, Daishin Securities reported that information belonging to 38,490 customers was exposed, including contact details and bank and securities account information. Some account numbers and phone numbers were encrypted. Mirae Asset said unauthorized access affected certain internal business systems, but found no evidence that investors’ personal or credit information was compromised. Binance co-founder Changpeng Zhao warned that leaked contact details can enable phishing, SIM swapping and social engineering. He advised users to use unique passwords, stronger two-factor authentication, withdrawal safeguards and caution with unsolicited support messages. The incidents highlight risks from third-party vendors and exposed personal data, even when crypto assets and core trading systems remain unaffected.

Zcash is facing a major funding debate as its community weighs whether to end developer grants while the project gains market and user momentum. Zcash co-founder Sean Bowe proposed stopping automatic allocations to the Zcash Community Grants programme (ZCG), which holds more than $125 million in assets. His plan would redirect the programme’s future 8% share of block rewards to the Network Sustainability Mechanism, while leaving existing ZCG funds untouched. Other proposals go further. Maxime Desalle wants to dissolve ZCG and transfer uncommitted funds after approved grants are paid. ZODL founder Josh Swihart and Gemini co-founder Tyler Winklevoss support ending grant funding more broadly, including a separate stream controlled by token holders. Community contributor Dismad instead proposed gradually reducing developer allocations from 20% to zero by 2036. The debate comes as Zcash marks its tenth anniversary and demand for its privacy features rises. ZEC has gained about 260% over the past year and is trading above $1,200, according to figures cited in the article. Daily transactions averaged about 11,300 in late October, up 70% year on year, while shielded transactions accounted for 62% of activity. Around 4.96 million ZEC, or 29% of circulating supply, is held in the shielded pool. The decision could shape Zcash’s long-term development capacity and how newly issued ZEC is allocated. Grayscale argues continued funding is important for upgrades, security and future work, including quantum resistance.

Bitget Wallet has launched US dollar and euro virtual accounts, extending the crypto wallet into cross-border payments. Developed with stablecoin payments provider Noah, the service lets users receive funds through ACH, Fedwire or SWIFT in dollars, and SEPA in euros. Funds are converted into stablecoins and sent to users’ self-custody wallets, while payers can use familiar bank transfers without handling crypto.

Bithumb says an outsider breached an internal mobile communications system used by employees and stole personal information. The South Korean crypto exchange is investigating whether member data was exposed, how many people may be affected, and whether deposits or withdrawals were disrupted. Bithumb has notified South Korean authorities, including KISA and the Personal Information Protection Commission. The exchange says the compromised system is separate from its trading infrastructure. No customer crypto losses or direct impact on trading systems have been reported, and Bithumb has not disclosed a full timeline or the number of affected accounts. The incident comes amid a broader wave of cyberattacks on South Korea’s financial sector: the Financial Supervisory Service said 16 institutions had been targeted by 14 October. Daishin Securities reported that personal and credit data for 38,490 customers was exposed, while Mirae Asset Global Investments said suspicious access was blocked without investor data being affected. For traders, the key updates are whether Bithumb confirms a member-data breach and how it handles remediation. The investigation could prompt regulatory scrutiny and add pressure to the exchange’s governance as it plans a 2028 listing. The breach also renews attention to Bithumb’s controls following its February error, when it mistakenly credited customers with 620,000 BTC instead of 620,000 won. So far, no direct effect on Bithumb’s trading or customer assets has been reported.