asia

According to Catcher Predict monitoring, in the market prediction on Polymarket for the event "Dota 2: Royal Bear vs Xipto Esports - DreamLeague Southeast Asia Closed Qualifier Playoffs," the "O/U 4.5 games" sub-market's "Over" option win rate has experienced significant fluctuations, dropping from 50% an hour ago to the current 31.5% (a fluctuation of 18.5%). Please note the impact of related breaking news.

According to Cointelegraph citing Reuters, Deutsche Bank plans to launch Bitcoin and Ethereum custody services within weeks and aims to expand its business in Asia by 2027.

Ledger announced the progress of the investigation into the hardware wallet implantation attack. According to its disclosure, an organized crime group spent months purchasing genuine Ledger devices, disassembling them to implant custom hardware specifically designed to steal mnemonic phrases, and then reintroducing them to the market through Southeast Asian distribution channels.The group also established a supporting system for collecting mnemonic phrases, asset theft, and money laundering, with Ledger stating that the scale of their investment reached several million dollars. Ledger emphasized that this incident is a localized distribution channel attack, and its chips, operating system, and servers were not compromised.The company has requested authorized distributors and resellers in Southeast Asia and Hong Kong to suspend sales and implement new security regulations, including prohibiting the display of devices on shelves or in display areas, as well as banning the resale of returned devices.

According to Gate market data, spot gold rose by 1% in the Asian session, currently priced at 4146 USD/ounce, essentially recovering all losses since the release of yesterday's U.S. CPI report.

According to a report by Cointelegraph, a recent report from Chainalysis indicates that remittances from Canada to India, China, and the Philippines have surged by 141% year-on-year, reaching $2.36 billion, with digital asset payments continuing to expand in these three major remittance corridors.In the 12 months ending June 2026, there were a total of 3.56 million related transactions, with an average amount of $663 per transaction. Chainalysis noted that these three countries accounted for an increase in the proportion of Canada's cross-border stablecoin outflows from 10.9% the previous year to 19.4%.Eric Jardine, research director at Chainalysis, cited additional data provided to Cointelegraph, stating that crypto remittances from Canada to the Philippines alone reached $61.02 million, involving 73,564 transactions, representing year-on-year growth of 28% and 34.7%, respectively.The analysis counted Bitcoin and stablecoins that circulated between personal wallets with amounts exceeding $10,000. Chainalysis listed Canada as the largest peer-to-peer (P2P) crypto economy among the G7 countries and believes that the large overseas-born population and the high costs of traditional remittance services are potential driving factors for its increasing adoption.Morva Rohani, executive director of the Canadian Web3 Council, stated in the report that about 23% of Canada's population is born overseas, the highest proportion among the G7, with frequent use of remittance corridors to India, the Philippines, Nigeria, Pakistan, and China.The report also found that in June, stablecoins accounted for 44% of the Canadian dollar-denominated order book trading volume, up from 30% a year ago.

According to an official post from Ledger, its security team Ledger Donjon is investigating Ledger signing devices sold by the Southeast Asian distributor CryptoBilis, which have been implanted with unauthorized hardware components. Ledger confirmed this matter on October 10 regarding a device belonging to an affected user. Donjon's analysis shows that the implant is located within the device's casing and can read the screen display content—decoding the 24-word recovery mnemonic during the initial setup and transmitting it externally via LTE through a built-in eSIM; this component does not alter the security chip, system, or transaction signature.Currently, all confirmed financial losses related to the incident disclosed on October 9 involve devices sold by CryptoBilis. CryptoBilis has stopped selling Ledger devices. The total number of affected users and the amount of losses have not yet been verified, and Ledger is investigating similar implant reports from other distributors and regions.

According to CoinGlass data, in the past 24 hours, 10 exchanges have liquidated approximately $803 million in leveraged positions, with long positions accounting for $694 million, representing 86%, affecting a total of 172,100 traders. About $595 million, nearly three-quarters of the total for the day, was liquidated in the last 12 hours, as the South Korean KOSPI index fell by more than 6%, and Bitcoin briefly dropped below $81,000. The largest single liquidation was a $9.65 million Bitcoin long position on Binance, which was forcibly closed at around $81,773, with Binance accounting for half of the total liquidation volume.Bitcoin topped the list with $181 million in liquidations, followed closely by Ethereum with $178 million, despite its market capitalization being much smaller than Bitcoin's; SOL positions lost $60 million, ZEC $24 million, and NEAR $22 million. Stock-related contracts then made the list, with perpetual contracts tracking U.S. storage chip manufacturer SanDisk liquidating $19.09 million, slightly above HYPE's $19.04 million and XRP's $18.78 million. These perpetual contracts allow traders to bet on stock prices without an expiration date on cryptocurrency exchanges, with contracts for SK Hynix, Micron, and the triple-leveraged U.S. semiconductor ETF SOXL also appearing on the heatmap, with SOXL liquidating $7.21 million.The aforementioned losses coincided with a sell-off in the Seoul market, where Samsung Electronics and SK Hynix each fell by about 8%, as the market worried about AI-related valuations and competition from Chinese storage chip manufacturers.

JPMorgan analysts stated that AI stocks are expected to drive a 70% profit growth in Asia by 2027. Analysts noted that Asia's AI exposure is primarily concentrated in the hardware sector, with supply constraints likely to persist until 2028, giving related companies significant pricing power.JPMorgan expects that by 2028, the net profit of the AI ecosystem will exceed $1 trillion, with free cash flow reaching $700 billion.

Recently, Bitget was awarded the "Best Multi-Asset Technology Platform" by iFX EXPO Asia. This award focuses on the comprehensive performance of trading platforms in terms of technical capabilities, multi-asset product layout, and user experience, further reflecting Bitget's ongoing investment in multi-asset trading infrastructure.Bitget CEO Gracy Chen stated that Bitget will continue to promote the Universal Exchange (UEX) strategy, breaking down barriers between different asset classes through technological and product innovation, allowing users to connect diverse assets and global market opportunities more efficiently within a unified trading system.

A survey released by Visa shows that consumer interest in stablecoins is rising in the Asia-Pacific region. The survey covered 14,250 respondents, of which 46% indicated they might use stablecoins in the next five years, while the actual usage rate in the past 12 months was 16%. About 49% of respondents believe that stablecoins are likely to become a common method for cross-border transfers within five years. Nischint Sanghavi, Visa's head of digital currency for the Asia-Pacific region, stated that consumer perceptions of stablecoins are undergoing a significant shift.The cognitive gap remains significant. Visa stated that only 6% of respondents accurately understand how stablecoins work, and 49% of those who are aware of stablecoins believe they can only be used for buying and selling cryptocurrencies. Among respondents who are aware of stablecoins but have not yet used them, concerns about fraud and scams are the most frequently mentioned barriers. There are approximately 2.5 billion middle-class consumers in the Asia-Pacific region, with nearly half open to using cryptocurrencies pegged to fiat currencies.Visa has expanded its stablecoin settlement network and is seeking to support more tokens and blockchains. Its partner Reap is preparing a local currency stablecoin for 24/7 foreign exchange settlements in Asia and other markets, which may include tokens for the Hong Kong dollar, South Korean won, and Japanese yen. Asia currently leads the world in stablecoin capital flows and on-chain activity, with payment companies driving the conversion of related demand into everyday payment products.

Nasdaq-listed company AsiaStrategy (stock code: SORA) announced on October 1 that it has signed a non-binding memorandum of understanding with the institutional asset open financial platform Plume to explore the establishment of a joint venture aimed at investors in Asia and other markets outside the United States, focusing on the structuring, issuance, and distribution of tokenized financial products.According to the memorandum, Plume will provide tokenized infrastructure, technical capabilities, and regulatory qualifications, including registrations and licenses in several jurisdictions; AsiaStrategy and the broader Sora Ventures network will provide project initiation, distribution, and capital market channels for the Asian market, covering Japan, South Korea, Hong Kong, Thailand, and the United Arab Emirates. The two parties plan to first advance products that combine mature asset classes with compliant on-chain distribution, with the product range, structure, and launch sequence still under discussion, and no products have yet been launched or offered to investors.Jason Fang, Chairman and Co-CEO of AsiaStrategy, stated that tokenization will become the default method for the issuance and holding of many financial assets, with Asia leading the way. The company is registered in the Cayman Islands and headquartered in Hong Kong, with its business having expanded from luxury watch trading to Bitcoin vault management, digital asset collateralized lending, and related financing and tokenization initiatives. Plume's flagship protocol, Plume Vaults, opens assets from institutions such as Apollo, WisdomTree, and Hamilton Lane through compliant, non-custodial vaults, with investors including Apollo Global Management, Galaxy Digital, and Brevan Howard.

The cryptocurrency hardware wallet manufacturer Ledger is investigating a theft incident involving Southeast Asian users, who had purchased devices through the distributor CryptoBilis.Ledger has requested CryptoBilis to suspend sales and shipments and advised users who purchased devices through this distributor in the past 90 days not to initialize their devices; if they have already completed the setup, they should create a new Ledger signing device using a new mnemonic phrase and transfer their assets to the new wallet.On-chain investigator Specter estimates that this incident has led to the theft of hundreds of wallets on the Bitcoin, Ethereum, and TRON networks, with losses exceeding 86 million dollars. Security researcher tanuki42 previously estimated the losses to be over 72 million dollars and stated that the amount is still increasing. The specific cause of the incident and whether the involved devices have security vulnerabilities are still under investigation.

Chainalysis, in its "East Asia Cryptocurrency Adoption Report" released on October 5, stated that during the period from July 2025 to June 2026, overall cryptocurrency activity in East Asia has slightly contracted due to the global bear market, but significant differentiation has emerged within the region: South Korea remains the largest retail trading center, Hong Kong is becoming a hub for institutional fund settlement, Japanese users are accelerating their shift towards DEX and perpetual contracts, while the peer-to-peer use of stablecoins in mainland China continues to expand.The report estimates that South Korea's cryptocurrency economy will reach $449.1 billion during the same period, a 12.3% increase from the previous cycle, maintaining its position as the leader in East Asia; Japan, Hong Kong, mainland China, and Taiwan are at $228.3 billion, $192.2 billion, $176.3 billion, and $140.4 billion, respectively. The growth in South Korea is mainly driven by increased capital flows related to trading platforms, with the report stating that the local trading platform ecosystem has added approximately $51.1 billion in new traffic.The most notable change in the South Korean market comes from AI token trading. Chainalysis noted that by June 2026, AI-related cryptocurrency assets have become the largest thematic sector in won trading, surpassing the popularity of payment tokens like XRP. The report recorded that Worldcoin (WLD) achieved a trading volume of $7.41 billion during the observation period, with SAHARA, VIRTUAL, BIO, and NEAR also becoming active varieties. AI token trading priced in won accounts for about 19.5 times that of the yen market, indicating that South Korean retail investors are extending their AI investment preferences from the domestic stock market to the cryptocurrency market.However, institutional funds in South Korea are still in the preparation stage. The report points out that local banks and brokerages have generally formed digital asset teams and are promoting stablecoin, custody, and tokenization pilots, but direct corporate participation in cryptocurrency investment has not yet reached scale. If the cryptocurrency asset income tax planned for implementation in South Korea in 2027 is realized as scheduled, and corporate trading restrictions continue to be relaxed, the retail-dominated landscape of the South Korean market may face reevaluation.

Ripple and the XRP Ledger Foundation have jointly established a new organization, XRP Asia, headquartered in Singapore, focusing on ecological development in the Asia-Pacific region. The organization is led by Sabrina Tachdjian, who previously managed the Asia-Pacific and fintech and payment operations at the Hedera Foundation and oversaw blockchain investments at LINE.XRP Asia will provide learning resources, system integrator collaboration programs, hackathons, office hours, and product implementation guidance for developers and startups. Market expansion support includes partner referrals, incubation and funding project connections, founder story dissemination, and introductions to relevant investors.The organization will rely on the existing communities of XRPL Korea and XRPL Japan and assist in establishing new communities in major cities and development hubs across Asia. Officials stated that Asia has long been an important region for the XRP Ledger, with an active digital asset market, developers, and the XRP community.

According to Catcher Predict monitoring, in the predicted market Polymarket for the event "LoL: Chinese Taipei vs. South Korea (BO5) - Asian Games Playoffs," the "Yes" option for the sub-market "Both teams kill a dragon" has experienced a drastic fluctuation in winning probability, soaring from 50% an hour ago to the current 90.5% (a fluctuation of 40.5%). Please note the impact of related breaking news.

Asian stock markets are expected to have a volatile start on the first trading day of October, as fluctuations in Wall Street erased gains from lower-than-expected U.S. inflation data. Chris Osmond, Chief Investment Officer of Fifth Third Wealth Advisors, stated that economic growth in the second quarter was stronger than expected, consumer spending remained robust, the job market rebounded in September, and the Fed's preferred inflation indicator was below expectations, reducing the likelihood of an interest rate hike in October.