Search results for "SELF"
08:32

Cipher Mining mined 241 BTC in August, holding approximately 1414 BTC.

PANews September 5 news, Nasdaq-listed mining company Cipher Mining announced its operational data for August, with the Black Pearl Phase I project accounting for approximately 39% of total Bitcoin production. It is expected that by the end of the third quarter, the Computing Power will reach 10 EH/s, raising the company's total self-mined Computing Power to approximately 23.5 EH/s. Specific data includes: Mining output: approximately 241 Bitcoin Sell Bitcoin: approximately 42 BTC Holding Bitcoin: about 1,414 BTC Deploy mining machines: about 115,000 units End of month operating Computing Power: approximately 23.0 EH/s End of month device efficiency: approximately 17.3
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BTC0.61%
01:36

CHEQ (cheqd) has risen 12.04% in the last 24 hours.

Gate News Bot message, September 5, according to CoinMarketCap data, as of the time of writing, CHEQ (cheqd) is currently priced at 0.02 USD, having risen 12.04% in the last 24 hours, with a high of 0.03 USD and a low of 0.02 USD. The current market capitalization is approximately 14.4 million USD, an increase of 1.55 million USD compared to yesterday. cheqd is a blockchain network focused on self-sovereign identity and verifiable credentials. It provides trust and commercial infrastructure for the identity and credential ecosystem, supporting multiple credential formats, including SD-JWT, W3C VCDM, OpenID4VC, and more. cheqd's technology aims to enable privacy-preserving data payments, incentivizing data to be released from silos, thereby facilitating new data combinations and user experiences. Important news about CHEQ recently: 1️⃣ **cheq
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CHEQ-2.73%
10:53

Two consecutive涨停板 Western Gold: The company is currently aware of the high activity in the gold market. Gold mining and smelting are one of the main businesses of this company.

Jin10 Data reported on September 2 that Western Gold announced that the cumulative deviation of the stock price rise percentage has reached 20% over three consecutive trading days, which constitutes an abnormal fluctuation in stock trading. After the company's self-examination, no other media reports or market rumors that may have a significant impact on the company's stock trading price were found. The company is currently aware of the high interest in the gold market, and gold mining and smelting is one of the company's main businesses. Investors are advised to invest rationally, make cautious decisions, and pay attention to investment risks.
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15:08

Shenzhen Stock Exchange: This week,重点监控 "Siquan New Materials" and "North Long Dragon" due to their recent significant price rise.

Jin10 data reported on August 29, from August 25 to August 29, the Shenzhen Stock Exchange took self-regulatory measures and risk alerts for a total of 278 abnormal trading behaviors, involving abnormal trading situations such as intra-day pump and suppression, and false declarations. This week,重点监控 "Siquan New Material" and "Northern Long Dragon" due to their recent significant price rise.
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14:02

OKX launches Wallet and DEX services in Europe

OKX Wallet and DEX services have been launched in Europe, providing a self-custody experience and the best prices, supporting over 140 public chains and more than 500 DEXs, promoting the development of Web3. CEO Star pointed out that the implementation of MiCA regulations will provide users with safe and compliant on-chain Financial Service.
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12:50

Siquan New Materials: The stock price carries the risk of deviating from the current fundamentals. The company's liquid cooling products are currently in the sample testing stage.

Jin10 data reported on August 29 that Siquan New Materials announced that the company's stock closing price on August 29, 2025, has risen by 162.63% compared to the closing price on July 29, 2025. The company's stock price increase exceeds that of most peers in the same industry and is significantly higher than the rise of relevant indices such as the ChiNext Composite Index. There is a risk of the stock price deviating from the current fundamentals, and investors participating in trading may face considerable risks. Recently, there has been a high market focus on the liquid cooling server concept zone. After self-examination by the company, it is currently in the sample testing stage for its liquid cooling products. Subsequently, it will be affected by many factors such as client product iterations and adaptation testing, resulting in considerable uncertainty in the advancement of related business. Investors are advised to make rational decisions and pay attention to investment risks.
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11:00

SecondLive(LIVE) will have its global debut on Gate on August 28 and launch on Launchpool. Stake USDT or LIVE to share in 200,000 LIVE.

According to Gate News bot, on August 27, 2025, Gate announced that SecondLive (LIVE) Spot trading will be launched for the first time on August 28, 2025, at 19:00 (UTC+8), and the 302nd Launchpool event will also be opened simultaneously. The platform will provide the LIVE/USDT trading pair. The LIVE token has been deployed on the BSC network, and the contract address is 0xdc9df5b6fb6a13ae1c9ff8b749cd5c95fbb060e1. SecondLive is the world's first AI-driven self-evolving world modeling platform that integrates AI agents, AIGC tools, and blockchain technology, supporting users in creating immersive spaces and virtual avatars. It has currently attracted 4.7 million users, with major application scenarios covering entertainment, education, and simulation fields. During the Launchpool event (from August 28, 2025, 19:00 to September 4, 2025, 19:00), users can participate by staking USDT and LIVE to share a reward of 200,000 LIVE tokens.
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LIVE-9.19%
08:57

Aerospace Hongtu: There have been no significant adjustments in the market environment and industry policies of the satellite application industry in which the company operates.

Jin10 data reported on August 26, regarding the abnormal Fluctuation of Aerospace Hongtu's stock trading announcement. After the company's self-examination, it has noted that recently some media and other platforms have discussed topics related to the company's business and relevant hot concepts. The market environment and industry policies of the satellite application industry in which the company operates have not undergone significant adjustments. The company's daily operations and internal management order are normal. The company particularly reminds investors to pay attention to investment risks, make rational decisions, and invest cautiously.
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04:22

Breakout Founder: Bitcoin may fluctuate between $110,000 and $120,000.

PANews August 26 news, Mayne, the founder of the Crypto Assets self-operated company Breakout, stated that Bitcoin may be about to welcome a Rebound, potentially continuing to consolidate in the range of $110,000 to $120,000, provided it does not fully return to the previous range. In addition, SOL/ETH is currently at an important monthly support level, while ETH/BTC has broken through its high, and ETH/USD shows signs of a weekly level sweep. Based on this, he tends to position long orders when the SOL/USD price retraces, believing that $190 is a key level.
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BTC0.61%
11:12

Haidilao: In the first half of the year, the overall table turnover rate for self-operated Haidilao restaurants was 3.8 times per day.

Jin10 Data reported on August 25 that Haidilao (06862.HK) announced that in terms of restaurant performance, the overall table turnover rate of self-operated Haidilao restaurants in the first half of 2025 was 3.8 times/day, and the same-store turnover rate was 3.8 times/day, with a total number of customers received by Haidilao restaurants reaching 189.8 million. The table turnover rate and customer traffic of Haidilao restaurants decreased in the first half of 2025, mainly due to intensified competition in the dining market and changes in consumer demand. The operating income of Haidilao restaurants was 18.58 billion yuan, accounting for 89.8% of the total revenue in the first half of 2025.
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03:38

NTRN (Neutron) 24-hour pump 11.37%

Gate News Bot News, August 25, according to CoinMarketCap data, as of the time of publication, NTRN (Neutron) is currently priced at $0.11, having risen 11.37% in the last 24 hours, with a high of $0.11 and a low of $0.09. The current market capitalization is approximately $67 million, an increase of $6.85 million compared to yesterday. Neutron is an open network committed to creating a fair and efficient financial ecosystem for everyone. The platform has a growing suite of applications where users can trade cryptocurrencies, earn yields, and stake. Neutron supports a variety of financial products and services, including perpetual contract trading, self-repaying loans, lending, and liquidity staking. The network also supports smart contract development, allowing developers to utilize high performance without sacrificing speed, cost efficiency, and composability.
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NTRN1.63%
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01:59

FAI (Freysa) rose 24.21% in the last 24 hours

Gate News Bot message, on August 25, according to CoinMarketCap, as of the time of writing, FAI (Freysa) is currently priced at 0.02 USD, with a rise of 24.21% in the last 24 hours, reaching a high of 0.02 USD and a low of 0.01 USD. The current market capitalization is approximately 133 million USD, an increase of 26 million USD from yesterday. Freysa is a global platform dedicated to achieving autonomous AI and self-awareness. It expands social coordination and human cognitive abilities through a digital twin network, aiming to break biological limitations. Freysa's vision is to establish a digital twin network capable of realizing global direct democracy. The project includes components such as the personal AI interface Enchanted and the browser tool Esper, with the ultimate goal of constructing an "Exocortex" that transcends biological limits.
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FAI-3.8%
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01:30

SLF (Self Chain) has pumped 14.64% in the last 24 hours.

Gate News Bot news, August 25, according to CoinMarketCap data, as of the time of writing, SLF (Self Chain) is currently priced at $0.07, with a rise of 14.64% in the last 24 hours, peaking at $0.08 and dipping to a low of $0.05. The current market capitalization is approximately $11.11 million, an increase of $1.42 million compared to yesterday. Self chain is a modular intent-centered L1 blockchain aimed at achieving universal blockchain access. It provides users and AI agents with access to Web3 opportunities through a keyless wallet, using an AI-driven conversational interface that enables anyone to execute complex transactions instantly. Self chain offers modular infrastructure, including AI-driven intents, keyless wallets, and decentralized identities, to facilitate seamless access to Web3 and enhanced security.
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SLF-5.24%
10:04

This week, the Beijing Stock Exchange took self-regulatory measures against 6 cases of abnormal securities trading.

Jin10 data reported on August 22 that the Beijing Stock Exchange has continued to list "ST Guangdao" and "ST Yun Chuang" as key monitoring stocks with delisting risk warnings from August 18 to August 22, 2025, strengthening trading risk alerts; for 6 cases of abnormal securities trading behavior, self-regulatory measures such as issuing warning letters and suspending securities account trading have been taken, involving pump and dump, false declarations, and other abnormal trading situations; special inspections have been conducted for 3 major events of listed companies.
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22:57

Coinbase cbBTC supply surpasses 30,000 pieces, wBTC market share declines

Golden Finance reports that Coinbase's synthetic Bitcoin product cbBTC has risen rapidly since its launch in September 2024, with a supply now exceeding 30,500 coins and a cumulative growth of over 160% in 2025. Meanwhile, the supply of wBTC has decreased by 17% since the launch of cbBTC, with a year-on-year decline of 4%. It is worth noting that although cbBTC has risen significantly, the total supply of synthetic Bitcoin on Ethereum has only increased by about 3%, indicating that the expansion of cbBTC is mainly an internal substitution effect of market share rather than an overall inflow of new funds. The reason for the growth of cbBTC is that Coinbase can directly attract BTC holders through self-custody and exchange channels, reducing operational friction, making it more convenient compared to third-party minting.
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WBTC0.5%
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12:28

Bitdeer Q2 Financial Report: By the end of June, the value of crypto assets holdings was nearly $170 million.

Golden Finance reported that Nasdaq-listed Bitcoin mining company Bitdeer released its unaudited financial performance report for the second quarter ending June 30, 2025, which disclosed that the value of its crypto assets holdings reached nearly $170 million at the end of June, with a Bitcoin holding of 1,502 coins and a total of approximately 200,000 Mining Rigs managed (including 114,000 self-owned Mining Rigs and 86,000 managed Mining Rigs). Previously, its total revenue reached $155.6 million, compared to only $99.2 million in the same period last year.
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BTC0.61%
09:55

ST Er Ya: Expected net loss of 19.5 million to 36 million yuan for the first half of 2025

Jin10 Data reported on August 18, ST Erya announced that the stock price of the company has deviated by more than 12% in terms of cumulative closing price rise over three consecutive trading days on August 14, August 15, and August 18, which constitutes abnormal fluctuation in stock trading. After self-examination and written confirmation from the controlling shareholder and actual controller, as of the date of this announcement, there are no significant matters that should be disclosed but have not been disclosed. The net profit attributable to the shareholders of the listed company for the first half of 2025 is expected to be between -36 million and -19.5 million yuan, still in a loss state. The company's main clothing business, as a traditional fully competitive industry, is currently facing significant growth pressure in its production and operations.
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14:40

Japan intends to initiate dialogue on defense industry exchanges with Turkey.

On August 17, Jin10 reported that multiple relevant sources revealed that the governments of Japan and Turkey are coordinating to initiate inter-departmental dialogue concerning exchanges in the defense industry. It is expected that Japan's Minister of Defense, Yasukazu Hamada, will meet with Turkey's Defense Minister, Hulusi Akar, on the 19th and reach an agreement. Turkey has provided attack drones and other support to Ukraine, which has been attacked by Russia, drawing attention to the development of the defense industry. The Japan Self-Defense Forces are interested in equipping a large number of drones, and procurement from Turkey is also under consideration.
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01:51

HOOD (Robinhood) fell 4.30% in the last 24 hours.

Gate News Bot news, on August 15th, according to CoinMarketCap data, as of the time of writing, HOOD (Robinhood) is currently reported at $0.000029, down 4.30% in the last 24 hours, with a high of $0.000033 and a low of $0.000026. The current market capitalization is approximately $1.3 million, a decrease of about $58,500 compared to yesterday. Important recent news about HOOD: 1️⃣ **Robinhood Launches Self-Sovereign Blockchain and Tokenized Stocks** Robinhood announced on June 30, 2025, to deepen its cryptocurrency business by launching its own blockchain and tokenized stock products. This move marks a significant strategic layout for the company in the crypto space, expected to attract more users and expand its market share. 2️⃣ **HOOD failed to enter
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BOT-2.33%
CAT1.6%
23:24

Open Source Securities: A Dual Drive of Policy and Self-Discipline Approaches the Inflection Point of the Chemical Industry Cycle

Jin10 Data, August 15 - Currently, the chemical industry is experiencing a supply-demand mismatch, leading to weaker prices and pressure on profits. However, Jin Yiteng, deputy director of the Open Source Securities Research Institute and chief analyst in the chemical sector, stated in a recent interview that as capacity expansion comes to an end and policies are gradually implemented, the chemical industry is shifting from "seeking market share" to "seeking profits," which is expected to initiate a new starting point in the cycle.
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12:42

Block plans to issue $1.5 billion in senior bonds for corporate operations and strategic investments.

PANews, August 13 news, according to the payment service provider Block, Inc. announcement, the company plans to issue a total of $1.5 billion in senior bonds through a private sale, with the funds raised to be used for business operations, including debt repayment, potential acquisitions, and strategic transactions. It is reported that Bitkey and Proto, brands under Block, focus on the Bitcoin field, providing self-custody wallets and Bitcoin mining products and services, respectively. The company is committed to promoting the development of an open financial system.
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BTC0.61%
08:26

Jintian Co., Ltd.: The self-developed products such as copper heat pipes and liquid-cooled copper pipes have been integrated into the computing power server products of several leading enterprises.

On August 13, Jin10 reported that Jintian Co., Ltd. stated on the interactive platform that the company has a good customer base and technical reserves in the chip computing power field, and is also one of the earliest companies in the world to achieve bulk supply of copper-based materials to leading enterprises in the aforementioned field. Among them, the company's high-precision shaped oxygen-free copper busbar products have successfully achieved mass production in the new AI cooling structure of 3DVC, and strategic cooperation has been established with many global first-tier cooling module companies, being applied in several top GPU cooling solutions; the company's self-developed copper heat pipes, liquid-cooled copper pipes, and other products have been successfully integrated into the computing power server products of many leading enterprises.
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11:59

Hua Sheng Tian Cheng: The company mainly engages in IT system solutions, digital infrastructure, digital applications, etc. The main business has not undergone significant changes.

Huasheng Tiantong announced that since July 12, 2025, the stock has risen by 58.26%, significantly higher than its peers. After self-examination, it has been confirmed that no significant information has been disclosed, the company's production and operations are normal, there have been no significant changes in the main business, and the market environment and cost situation are stable.
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01:20

The listed company Exodus holds 2058 BTC and 2729 ETH, with a total value exceeding 227 million USD.

PANews August 12 news, according to Globenewswire, the self-custody crypto assets platform Exodus Movement, listed on the New York Stock Exchange, released its quarterly financial and operational performance report for the period ending June 30, 2025, which disclosed that the company holds 2,058 BTC (worth $220.5 million), 2,729 ETH (worth $6.8 million), as well as $58.1 million in USDC, cash and cash equivalents, and U.S. Treasury securities, with total assets reaching $291.2 million.
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BTC0.61%
ETH0.89%
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11:52

2 consecutive boards for Jishi Media: does not involve "State-owned Assets Cloud" related business and does not participate in the investment of currently released films.

Jin10 Data reported on August 8 that Jishi Media has issued a notice of unusual activity, stating that the company has noticed recent media reports categorizing it under popular concepts such as state-owned cloud and film and television. After self-examination, the company confirmed that it is not involved in any "state-owned cloud" related business and does not participate in investments in currently released films.
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09:20

Kuwell: Abnormal Fluctuation in Stock Trading, No Significant Information Disclosed that Should Have Been Disclosed

Jin10 data reported on August 8, Kewell announced that the cumulative fluctuation of the closing price of the company's stock has deviated more than 30% over three consecutive trading days, which constitutes an abnormal fluctuation in stock trading. After the company’s self-examination and verification with the controlling shareholder and actual controller, there are no significant undisclosed information that should be disclosed, other than the information that has been publicly disclosed. The company reminds investors to pay attention to investment risks and make rational decisions.
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02:06

YALA (Yala) has pumped 95.45% in the last 24 hours.

Gate News Bot message, August 8, according to CoinMarketCap data, as of the time of writing, YALA (Yala) is currently priced at $0.39, having risen 95.45% in the last 24 hours, with a high of $0.40 and a low of $0.17. The current market capitalization is approximately $95.55 million, an increase of $46.70 million compared to yesterday. Currently, YALA ranks 389th in global Crypto Assets market capitalization. Yala is a platform that mints $YU stablecoins by over-collateralizing Bitcoin, aimed at unlocking the liquidity of Bitcoin in the DeFi, real asset, and global payment sectors. Yala offers true autonomy: self-custody, low liquidation risk, and complete Bitcoin exposure. The project is dedicated to providing new yield opportunities for Bitcoin holders through a flywheel effect driven by long-term Bitcoin demand, liquidity, adoption, and growth.
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YALA-4.22%
20:15

Milan once criticized that officials with political backgrounds find it difficult to remain neutral at the Fed.

Jin10 reported on August 8 that market analyst Matt Grossman stated that Trump nominated Stephen Milan as a candidate to fill the vacancy on The Federal Reserve Board of Governors until the end of January next year. Milan publicly criticized last year that officials with political backgrounds find it difficult to remain neutral on the Board, specifically naming Chicago Fed President Goolsbee (Goolsbee is a former Obama administration official), questioning whether he can truly set aside politics, and claiming that his credibility as a Board member is doubtful. Milan's evaluation of Goolsbee now sounds more like a "self-indictment" of his own possible partisan bias. He wrote at the time: "Pretending to easily switch between highly politicized and so-called non-political roles without allowing political bias to influence policy-making is at best naive, and at worst, insidious."
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TRUMP1.36%
09:01

Haidilao responds to "changing to a semi-self-service model, no reduction in dish prices": false information

According to Jin10 data on August 6, it was reported that some netizens posted on social platforms stating, "Haidilao is going to change its system, and there will be no service in the future; only a few waiters will be left in each store to handle ordering and checkout, basically a semi-self-service model, and the prices of dishes will not decrease." Today, regarding the above rumors, Haidilao (06862.HK) responded, saying: "This is false information."
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08:26

Ukrainian Army Commander: Ukrainian forces are still present in the Russian Kursk region.

Jin10 data, August 6th news, the Commander-in-Chief of the Ukrainian Armed Forces, Zaluzhny, stated that as of today, the Ukrainian army continues to be stationed in Hlushkivka of the Russian Kursk region, restraining some of Russia's offensive forces. Today marks the one-year anniversary of Ukraine's raid on the Russian Kursk region. Zaluzhny said: "It was a bold and decisive action. We have demonstrated that Ukraine is not only capable of self-defense but also able to launch effective preemptive strikes."
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12:55

CleanSpark: July mining output of 671 BTC, Bitcoin reserves increased to approximately 12,700 coins.

According to ChainCatcher news and PR Newswire reports, Nasdaq-listed Bitcoin miner CleanSpark has released an unaudited Bitcoin mining and operations update report for the period ending July 31, 2025. It is disclosed that in July, the Bitcoin mining output was 671 coins, and the mining output for 2025 is 4,639 coins. Currently, the self-mined Bitcoin reserves have increased to about 12,700 coins.
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BTC0.61%
10:08

Summer Xiamen Precision: Stock trading abnormal Fluctuation

Jin10 data reported on August 5, that Xiaxia Precision announced that the company's stock has experienced a cumulative fluctuation in closing price of more than 20% over three consecutive trading days on August 1, August 4, and August 5, which constitutes an abnormal fluctuation in stock trading. After the company’s self-inspection and inquiries with the controlling shareholder and actual controller, it was confirmed that the previously disclosed information by the company does not require correction or supplementation, and no undisclosed significant information that may affect the company's stock trading price has been found recently. The company's production and operation situation is normal, and there have been no significant changes in the internal and external environment. The controlling shareholder and actual controller did not buy or sell the company's stock during the period of abnormal fluctuation.
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08:54

Huagong Technology: The 1.6T self-developed silicon optical module has entered the sample testing stage with key customers.

Jin10 Data reported on August 4 that Huagong Technology stated on the interactive platform that the company's connection business in overseas markets is progressing smoothly, and it is expected to receive bulk orders from leading overseas clients this year. The company's 800G self-developed silicon optical LPO module is accelerating the expansion process in overseas markets; the company's 1.6T self-developed silicon optical module has entered the sample testing stage with key customers, and the sample versions and performance are continuously optimized and iterated.
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08:51

Sandiant Technology: Mainly engaged in the research and development, production, and sales of copper-based new materials. The current production and operation situation is normal.

Jin10 data reported on August 4th, Jiangnan New Materials announced an abnormal fluctuation in stock trading. The company is currently engaged in the research, production, and sales of copper-based new materials. After self-inspection, the company confirmed that its production and operation are normal, and there have been no significant changes in its main business, main products, or internal and external operating environment. There is no significant information that should be disclosed but has not been disclosed.
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03:28

Fairmint CEO: Tokenized securities and on-chain equity may reshape the Capital Market

Fairmint CEO Joris Delanoue recently shared insights on on-chain equity and tokenization of securities, emphasizing that the company has been dedicated to building infrastructure that supports on-chain equity since 2019, having processed over $1 billion in native equity. On-chain equity allows founders to set rules that are directly embedded in the equity, while shareholders can self-custody and transfer shares, providing a more transparent experience.
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00:12

The Koyu Aerospace Power Qiang No. 2 110-ton class liquid oxygen kerosene engine half-system test run was successful, and the whole machine test will be conducted at the end of this month.

Jin10 data reported on August 4, on August 4, China Aerospace Science and Technology Corporation announced that its self-developed LQ-2 110-ton liquid oxygen kerosene engine semi-system test was recently successful, with all core indicators achieved in one go. The semi-system test product includes the turbopump, gas generator, valves, starting system, ignition system, and assembly pipeline, excluding the combustion chamber. According to their introduction, a full machine test will be conducted at the China Aerospace Liquid Power System Test Center at the end of this month. The LQ-2 engine is a first-stage engine of the reusable rocket series.
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13:06

Hashgraph Group launched the self-sovereign identification platform IDTrust.

The IDTrust platform launched by Hashgraph Group is based on the Hedera network and combines artificial intelligence to achieve decentralized digital identity management. This platform does not require users to hold HBAR tokens, provides identity verification and authorization functions, focuses more on enterprise-level applications, is compatible with the Swiss e-ID system, and has more complete data control rights.
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HBAR4.92%
09:55

Han Commercial Group: The company insists on promoting the "Big Health + Big Business" dual main business development strategy, and there have been no significant changes in the main business.

Jin10 Data reported on August 1st that Hanchang Group issued an abnormality announcement, stating that the company's stock trading closing price fluctuation deviation value has accumulated to over 20% within three consecutive trading days, which constitutes an unusual fluctuation situation. After the company's self-inspection, there have been no significant changes in the company's daily operations. The market environment and industry policies have not undergone significant adjustments, and there have been no substantial fluctuations in production costs and sales; internal production and operational order remains normal. The company insists on advancing the "Big Health + Big Business" dual main business development strategy, and there have been no significant changes in the main business, nor in the fundamentals.
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09:43

Beijing Clean: Abnormal fluctuation in stock price, controlling shareholder's concerted actors reduce their holdings.

Beijiake announced that the stock price had a fluctuation of over 20% for two consecutive days on August 1 and July 31, which is considered abnormal. After self-examination, it was confirmed that the main business is operating normally, and the controlling shareholder's reduction plan was announced, with relevant parties having reduced their holdings by 1.6 million shares.
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09:20

The South Korean financial regulatory agency reminds virtual asset exchanges of the risks of leveraged investments.

Gate News bot message, on July 25, the Financial Services Commission and the Financial Supervisory Service of South Korea convened a meeting of executives from the five major virtual asset exchanges, focusing on the cryptocurrency lending services recently launched by Upbit and Bithumb. The regulatory agencies expressed concerns about the potential legal disputes surrounding these services, insufficient user protection, and the impact on the operators' stability. Bithumb and Upbit launched Crypto Assets lending services on the 4th, allowing investors to engage in high-leverage investments and short-selling operations. This has raised the alert of regulatory authorities, especially considering that the current maximum leverage for ETF in the South Korean stock market is only 2 times. After the meeting, Upbit and Bithumb successively adjusted their lending services. In light of the ongoing controversy, financial authorities decided to jointly establish a special working group with the industry to formulate self-regulatory rules, according to Yonhap News.
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BOT-2.33%
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