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CoinShares: Digital asset investment products saw an outflow of 434 million dollars this week

According to the CoinShares market report, the U.S. September CPI rose by 0.6% month-on-month and 3.7% year-on-year, exceeding the market expectation of 3.6%. Gasoline prices increased by 9.1% for the month, accounting for about half of the overall increase. The core CPI rose by 0.3% month-on-month and 2.6% year-on-year. During the same period, U.S. September retail sales grew by 0.8% month-on-month, higher than the expected approximately 0.3%, with August data revised up to 1.3%. However, retail sales excluding gasoline only grew by 0.2%, lower than August's 1%.The report pointed out that inflation remains high, and economic demand also remains resilient, leading the market to reprice the Federal Reserve's policy in a hawkish manner, causing Bitcoin and the overall digital asset market to decline. Data shows that since the CPI was released, market sentiment has significantly weakened, with global digital asset investment products seeing an outflow of $434 million so far this week. Regarding interest rate expectations, as of October 15, Polymarket data shows that the probability of the Federal Reserve maintaining interest rates at the October meeting is about 75%, while the probability of a 25 basis point rate hike is about 25%. After the CPI release, the futures market clearly shifted to a hawkish stance, with expectations for another rate hike within the year rising significantly.

first_img Samsung Electronics lowers the production of mid-range and low-end smartphones in the fourth quarter, as the supply of PCB raw materials is hindered

According to a report by ZDNet Korea on October 15, Samsung Electronics has lowered its production plan for mid-range and low-end smartphones in the fourth quarter. The reasons include rising prices of memory chips and disruptions in the supply of glass fiber used in PCB raw materials CCL. Japan's Nitto Denko is shifting more production capacity towards T-glass for AI semiconductors, reducing the output of E-glass for smartphone PCBs, leading to supply shortages and price increases. E-glass is used in semi-cured sheets for smartphone motherboards HDI and RFPCB.The report states that after the rise in storage prices increased manufacturing costs, Samsung reduced orders for related components. Models like the Galaxy A have lower profitability, making it difficult to significantly increase production. This year, the prices of basic mid-range models have risen by more than 100,000 Korean Won compared to the previous generation. The outlook for component orders communicated to partners for the fourth quarter corresponds to an annual smartphone shipment volume of just over 230 million units, which is below the component industry's expectation of 240 million units and represents a decrease of 20% to 30% compared to before the Mid-Autumn Festival holiday. Plans for the mobile business next year have not been shared with partners as in previous years.The monthly production outlook for the fourth quarter in mid-September was 14.3 million units in October, 9.5 million units in November, and 7.6 million units in December, totaling 31.4 million units. This was adjusted at the beginning of this month to 9.9 million units in October, 7.6 million units in November, and 6.7 million units in December, totaling 24.2 million units, a reduction of 23%. While the production of mid-range and low-end models has been lowered, the shipment plans for flagship models like the Galaxy S27 at the beginning of next year remain at a high level, and the shipment volume for foldable phones is also planned to increase. The MX and Network divisions reported a loss of 735 billion Korean Won in the second quarter, with the securities industry projecting an annual loss of 400 billion Korean Won.

first_img The Central Bank of Russia prohibits withdrawing funds from regulated cryptocurrency accounts to self-custody wallets

On October 12, the Central Bank of Russia clarified in its updated guidelines that individuals are not allowed to withdraw cryptocurrency from regulated digital accounts to self-custodied wallets. The Central Bank stated that this restriction is based on Article 31(9) of the new Russian cryptocurrency market law (Federal Law No. 282-FZ), which will take effect on September 1, 2026. Digital accounts are statutory accounts used to record crypto assets, and digital custodians are registered institutions that register and transfer these assets and provide access to wallet addresses.This restriction applies to the withdrawal of funds under the regulated custodial system in Russia. For withdrawals from ordinary investment accounts, the rules cover resident individuals and do not provide exemptions for qualified investors. According to Article 31, individuals who pass the required tests and receive risk disclosures can transfer cryptocurrency to wallets managed by legally authorized foreign custodians, which is different from withdrawing to personal wallets outside of institutional custody. The law also sets exceptions for foreign trade settlements and mining.The Central Bank also stated that transfers between individuals using addresses managed by digital custodians are not allowed, including transfers generated from transactions between individuals. The aforementioned provisions belong to the general cryptocurrency market law and are not rules applicable only to participants in experimental projects. The Central Bank indicated that direct peer-to-peer transactions between individuals are only permitted until July 1, 2027, when Article 30(1) will take effect; thereafter, residents who are not authorized as intermediaries in the cryptocurrency market must complete transactions through or with the participation of authorized intermediaries, with optional channels including licensed brokers and operators of cryptocurrency exchanges listed in the Central Bank of Russia's registry.

first_img South Korea plans to tighten cybersecurity requirements for financial institutions, with 130 companies having security flaws

The Financial Services Commission (FSC) of South Korea stated that after investigating 16 companies (including cryptocurrency exchanges) involved in a previous security incident, it plans to implement stricter cybersecurity requirements for financial institutions. The agency noted that in an industry review covering 555 financial companies, 130 companies were found to have cybersecurity deficiencies, with approximately 100,000 pieces of customer information leaked, including names, contact details, and identification numbers.Affected companies include Streami, the operator of Gopax, and the cryptocurrency trading platform Prabang, which previously disclosed that a hacking incident on October 2 led to the leakage of some customers' personal information. The FSC indicated that it is still investigating whether these incidents involved the use of artificial intelligence or if they are related to the same group of attackers.According to the proposed reforms, larger financial institutions will undergo vulnerability assessments at least twice a year. The regulatory agency also plans to improve the information-sharing system and is considering using artificial intelligence for security monitoring of small businesses. Additionally, the FSC is considering allowing supplementary cybersecurity inspections outside of the regular assessment schedule in the event of an urgent threat to prevent similar incidents from occurring in the future.
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