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9/21
13:25
Four companies are lining up to raise as much as a combined HK$14.4 billion ($1.8 billion) in Hong Kong listings, all set to begin trading on Sept. 29.
13:11
According to Bloomingbit, Apple is seeking a Financial Product Strategy Lead for Apple Pay in the US, requiring knowledge of stablecoins, tokenized deposits, and blockchain. Google is hiring an Industry Principal Architect for Web3 in Hong Kong, with experience in real-world asset tokenization, stablecoin payment networks, tokenized deposits, and digital-asset custody. Both companies are evaluating digital-asset infrastructure for payments and financial services, though there is no current evidence of plans to issue their own stablecoins or launch specific services.
13:08
US spot Bitcoin exchange-traded funds (ETFs) recorded significant inflows over the weekend, completely reversing previous outflows and helping Bitcoin climb back above $81,000 for the first time in two weeks.
13:03
X Internet Unlimited Company and X Corp. filed a lawsuit in the UK High Court on September 17 against Vivek Kumar Sen, Zamyang Sherpa, and operators of related accounts. The lawsuit alleges that they coordinated multiple X accounts to publish identical or substantially similar content, like and repost one another’s posts, artificially manipulate engagement metrics, and evade platform enforcement. X claims these actions fraudulently obtained at least £207,384 from its Creator Revenue Sharing Program. X had suspended the accounts on August 18 and is seeking the return of the funds, damages, interest, and legal costs, estimating investigation and remediation costs at no less than £75,000.
12:52
The upgrade is expected on Sep 21, 2026, at approximately 01:15 PM UTC, or at block height 33,073,000. Deposits and withdrawals for ATOM will be suspended from Sep 21, 2026, 12:30 PM UTC to ensure a smooth transition. Trading will not be affected.
12:46
Samsung Electronics held a groundbreaking ceremony on Monday for a new FlaktGroup heating, ventilation, and air conditioning (HVAC) plant in Gwangju, South Korea, aiming to expand its capacity to supply cooling systems for AI data centers and advanced manufacturing facilities. Samsung will invest approximately 240 billion won ($179 million) to build a 21,800-square-meter production line in the third complex of its Gwangju manufacturing complex. The plant is scheduled to be fully operational in early 2028.
12:44
A series of natural disasters in Japan has spurred growing public interest in disaster preparedness supplies, with small and medium-sized enterprises accelerating deliveries of products such as private shelters and emergency toilets. The government plans to double overseas sales of disaster prevention products by 2030.
12:35
Welcron, the parent company of Welcron Group, has launched an official website for its defense division to showcase its products and technologies and strengthen overseas marketing. The site catalogs defense products based on Welcron’s composite materials technology, covering personal protection as well as systems for vehicles and vessels.
12:26
On Monday, the Hang Seng Biotech Index rose over 5%, with Innovent Biologics up 6%, Akeso up 8%, CSPC Pharmaceutical Group up over 6%, Hutchmed up 3%, and Sino Biopharmaceutical up 8%. This follows reports that the U.S. Treasury Department is drafting rules that could allow U.S. pharmaceutical companies to continue licensing most drugs developed by Chinese companies, excluding those related to pathogens or weaponizable biotechnology.
12:24
Financial Times reports that South Korea's wild stock price swings are hurting the country's image.
12:24
The US Federal Reserve and the Bank of England are intensifying their questioning of prime brokers regarding banks' exposure to trading firms, following a loss at Jane Street and the blow-up of AI-focused hedge fund Situational Awareness.
12:23
The Financial Times reported that as the energy crisis continues to deepen, the number of countries providing some form of consumer support for fuel costs has exceeded 90, putting pressure on public finances worldwide.
12:18
South Korean fashion platform Musinsa is competing with CJ Olive Young in the beauty sector as it seeks to convince investors of a valuation up to 10 trillion won ($7.2 billion) ahead of its initial public offering. The company filed its listing application on September 7, with market insiders suggesting a valuation significantly higher than the 5.5 trillion won implied by unlisted-market trading on that day and the 3.5 trillion won it secured in a 2023 funding round. A key challenge is demonstrating the profitability of its non-fashion ventures.
12:13
U.S. President Donald Trump told Fox News on Sunday that options included "wiping Iran out" or letting its economy "rot" if no deal is reached. Separately, Iran's military warned of "painful" retaliation across the Middle East if the U.S. makes any mistake against the Islamic Republic, citing intelligence of a new large-scale strike being prepared by the U.S. and its allies. The exchange marks the latest escalation ahead of the UN General Assembly, where Iranian President Masoud Pezeshkian is due to attend. The U.S. State Department issued a security alert citing risks of unforeseen escalation in the Middle East. Oil prices have pulled back in recent days despite widening hostilities.
12:11
Stealth Neolab co-founder Beni questioned Kalshi's cryptocurrency trading volume, pointing out that its ETH-PERP 24-hour trading volume was approximately $539 million, while open interest was only $3.1 million. Beni raised concerns about how the platform calculates and displays its trading volume. IcoBeast, Kalshi's Head of Crypto, responded by stating that Beni confused the concepts of crypto prediction markets with perpetual futures. IcoBeast added that Kalshi does not offer rebates for crypto prediction markets, and its perpetual futures market-making incentive mechanism is similar to those of CME, Hyperliquid, and Binance. IcoBeast also denied claims that Kalshi selectively chooses its clearing members. Beni subsequently stated that he had received new non-public information and would disclose more details after consulting legal counsel.
12:06
Bitcoin surpassed $81,000 in early Asian trading, rising less than 1% in 24 hours, after the US Securities and Exchange Commission (SEC) cleared the way for on-chain trading of tokenized US equities. The NEAR token was a standout performer, surging approximately 23% to over $4, primarily driven by a sixfold increase in Zcash (ZEC) trading volume on its on-chain trading service, NEAR Intents. Meanwhile, US officials reported "very successful" progress in trade talks with China, boosting Asian equities and S&P 500 and Nasdaq 100 futures. Brent crude fell 2% to over $101, marking its fourth consecutive day of declines and easing inflation concerns.
12:02
China's Ministry of Finance reported that from January to August this year, revenue from stock transaction stamp duty reached 216 billion yuan (approximately $32.3 billion), an 82% year-on-year increase. During the same period, the average daily trading volume in China's mainland stock market grew by 72%, primarily driven by improved market sentiment fueled by the artificial intelligence boom.
12:01
Bitcoin's price closed above its 50-week moving average for the first time in 45 weeks during the week ending September 20. Alex Thorn, Head of Galaxy Research, noted that this could be a significant confirmation signal that the market's bear phase may have ended and a new uptrend is forming. Bitcoin rose nearly 6% this week, trading at approximately $81,000, having rebounded 29% in the past 35 days. Historical data shows that since 2011, Bitcoin has failed to set a new low 11 out of 13 times after breaking above its 50-week moving average, signaling the arrival of a significant bull market.
11:55
Apollo Global Management, known for its leveraged buyouts, is making early-stage equity investments in AI startups such as data labeling company Mercor, chip company SiFive, and defense technology firm Hadrian. The aim is to build relationships for future debt or asset-backed financing. Apollo believes that AI hardware-era startups will require funding beyond venture capital earlier than software companies, replicating its model from the $35 billion chip leasing deal completed this year with Blackstone.
11:55
Recently, Hunan Explorer Brand Management Co., Ltd., the parent company of Jinliment, underwent a change in its industrial and commercial registration. Wu Yuening, founder of KK Group, and Guangdong Kuaike E-commerce Co., Ltd., KK Group's operating entity, became new shareholders, each holding a 5% stake with a subscribed capital contribution of RMB 1.1111 million. Following the capital increase, their combined stake is 10%. Sources close to Jinliment suggest that KK Group's commercial real estate resources, site selection experience, and nationwide store management capabilities could help Jinliment reduce trial-and-error costs when entering new cities and facilitate its national expansion.

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