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According to a report by the Korean News Agency, Kim Hyung-nyeon, Vice Chairman of Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, stated at the digital asset policy conference "DICON" held in Yeouido, Seoul, that South Korea's representative stocks, Samsung Electronics and SK Hynix, can only be tokenized and traded on overseas exchanges, "This matter itself is very painful."The report noted that as one of the co-founders of Dunamu, Kim Hyung-nyeon rarely speaks in public. He mentioned that there are many issues that need to be considered recently, and as long as the regulatory system is designed properly, Dunamu will do its best to become a global player representing South Korea. On the same day, Dunamu CEO Oh Kyung-sik stated in his opening speech that the digital asset industry is at a critical juncture where opportunities and challenges intertwine, and major countries have begun to view digital assets as important factors for financial innovation and national competitiveness.During the discussion, ruling party member Min Byung-deok stated that the postponement of virtual asset taxation has made all parties clearly recognize the necessity of the "Basic Law on Digital Assets," which must be passed in this regular National Assembly session, no later than January 18 of next year. He also advocated for allowing institutions and legal entities to invest in virtual assets comprehensively, arguing that according to the spirit of the South Korean Constitution, individuals and legal entities should not be treated differently.

Former U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler stated in an interview that after the scandal involving NVIDIA CEO Jensen Huang, the NVIDIA board will face "Tough Choices."However, as of now, the specific details and conclusions of the related investigation have not been disclosed in the provided information. Gary Gensler did not further clarify which aspects the board's decision specifically involves, but he mentioned that the stock price seems to show issues, and NVIDIA has already seen a decline in pre-market trading.

Crypto journalist Eleanor Terrett posted on the X platform that former House Financial Services Committee Chairman Patrick McHenry stated that the cryptocurrency industry missed the best opportunity to promote market structure legislation and establish a regulatory framework; he also admitted that he bears some responsibility for this.

U.S. Republican Congressman French Hill won re-election in Arkansas's 2nd Congressional District, defeating Democratic challenger Chris Jones, a result confirmed by the Associated Press on Thursday. Hill currently serves as the Chairman of the U.S. House Financial Services Committee and is an important ally for the cryptocurrency industry in Congress.Hill initiated the CLARITY Act and voted in favor of the GENIUS Act, receiving an A rating from the cryptocurrency advocacy organization Stand With Crypto, classified as a strong supporter of cryptocurrency. The cryptocurrency industry-supported super PAC Fairshake pledged $1 million in October to support his re-election campaign, aiming to keep crypto-friendly lawmakers in Congress.With the Democrats winning control of the House of Representatives in Tuesday's U.S. midterm elections, Hill is expected to lose his position as Chairman of the Financial Services Committee in January. According to Reuters, the current senior Democratic member of the committee, Maxine Waters, is the leading candidate to succeed him. The Democrats also gained control of both the House and Senate, creating uncertainty for U.S. cryptocurrency legislation, with the industry potentially facing stricter scrutiny. The cryptocurrency industry-supported super PAC spent over $176 million in this election cycle.

Cryptocurrency journalist Eleanor Terrett posted on the X platform that Bill Huizenga, the Republican Congressman and Vice Chairman of the House Financial Services Committee who supports cryptocurrency, has fallen behind Democratic candidate Sean McCann in the ongoing election. Huizenga is a member of the committee's Digital Assets Subcommittee, whose chairman Bryan Steil has also lost his seat.Eleanor Terrett stated that the name, scope, and membership of the subcommittee are redefined by each Congress, so the Digital Assets Subcommittee may be renamed, have its scope adjusted, or be abolished in the future.

Changxin Technology announced that the company recently received a proposal from Chairman Zhu Yiming, proposing to increase the repurchase amount from no less than 1 billion yuan (inclusive) and no more than 2 billion yuan (inclusive) to no less than 2.5 billion yuan (inclusive) and no more than 5 billion yuan (inclusive). According to market data, Changxin Technology's stock price is currently reported at 38.80 yuan.

On the 31st, SK Group Chairman Choi Tae-won had lunch with OpenAI CEO Sam Altman. Industry insiders revealed that the two sides discussed cooperation in the field of artificial intelligence business.Although the specific content of the talks has not been made public, it is speculated that they explored avenues for collaboration in areas such as high bandwidth memory (HBM) supply and the development of next-generation artificial intelligence infrastructure. SK Group has maintained a close cooperative relationship with OpenAI, including being a key partner in its large-scale artificial intelligence infrastructure project "Stargate."

According to a Reuters report citing an interview with CNBC, Michael Selig, the chairman of the Commodity Futures Trading Commission (CFTC), stated that the CFTC hopes to provide a federal-level option for exchanges like Binance to register with the CFTC in light of the recent hacking incident.Selig previously mentioned that federal registration is a voluntary path for exchanges rather than a mandatory requirement, and that requiring all cryptocurrency exchanges to register can only be achieved through congressional legislation; however, retail cryptocurrency trading involving margin, leverage, or financing must fall under federal regulation.The CFTC issued a notice of proposed rulemaking regarding relevant retail cryptocurrency trading rules on October 5, with the comment period ending on December 14.

Lazaro Campos, the former CEO of the Society for Worldwide Interbank Financial Telecommunication (Swift), has joined the London-based stablecoin yield platform OpenTrade as Chairman.OpenTrade stated that the platform processed over $1 billion in transactions in the past year, with a current total value locked of $300 million, up from over $200 million in May. OpenTrade was established in 2023, aiming to help businesses provide yields denominated in USD and EUR, backed by real-world assets, and has raised a total of $32 million to date.

Michael Selig, the Chairman of the U.S. Commodity Futures Trading Commission, stated at the CFTC's inaugural Frontier Forum in Washington that imagining a refrigerator autonomously purchasing groceries with funds from staked ETH, or even issuing its own Memecoin, "is no longer science fiction." He believes that when AI agents can hold assets and execute trades autonomously, regulators must make adjustments.Selig pointed out that the CFTC's regulatory framework is built around executing specific financial functions concerning "identifiable market participants," but autonomous software is raising questions about how these rules apply. He proposed that if AI agents identify trading opportunities and execute trades for users, their developers may need to register, who is responsible when the agent goes out of control, how regulators know for whom the agent is trading, and whether a new type of "Know Your Agent" rule, referred to as KYA, is necessary.Selig also mentioned that AI could provide smaller traders and businesses with risk management capabilities that were previously only available to large institutions, but greater autonomy also brings new risks: agents may react unexpectedly to market conditions, agents using similar models may exhibit correlated trading behaviors, and the speed of autonomous trading could complicate market regulation and risk management. Animoca Brands Chairman Yat Siu recently expressed similar concerns to Cointelegraph; Coinbase launched Agentic Wallets in February, and Binance introduced AI Agent Skills in March, allowing agents to trade within user-defined parameters or provide spot order tools.

Former Federal Reserve Vice Chairman Blinder stated that now is an excellent time for Waller to use forward guidance. Blinder pointed out that the Federal Reserve is facing a dilemma, as decision-makers can provide ample justification for either maintaining interest rates or raising them. He believes that the so-called "hawkish pause" can only be reflected through forward guidance.

Mike Selig, Chairman of the CFTC, stated that the crypto market should enjoy the same protections as the mature protective mechanisms adopted by the U.S. derivatives market for decades.While Congress has yet to take action, the Commodity Futures Trading Commission (CFTC) is advancing a voluntary federal registration mechanism for crypto trading platforms, bringing its regulatory standards closer to the high regulatory standards of the U.S. financial market.

Asia Gulf Holdings (AGH), the parent company of Singapore Gulf Bank (SGB), announced the appointment of Martin Gilbert, Chairman of Revolut Group, and Maliki Osman, former Minister in the Prime Minister's Office and Second Minister for Foreign Affairs of Singapore, to the Global Advisory Council. The two will provide advice on global investment strategies and geopolitical affairs, respectively.Maliki Osman will also advise on government relations and regional cooperation, while Martin Gilbert will focus on global investment strategies, asset management, and investment opportunities in Asia and the Middle East and North Africa. The council is chaired by Amy Lee, with former Federal Reserve Vice Chairman Randal Quarles serving as vice chairman. This appointment was announced on October 26, and Maliki Osman will exit politics in May 2025.

According to a report by the Korean News Agency, Lee Won-ik, Chairman of the Financial Services Commission, stated during a comprehensive inspection at the National Assembly's Political Affairs Committee regarding the taxation of virtual assets to be implemented next year, "Various circumstances need to be fully considered." On the same day, People Power Party member Song Yeon-sik questioned whether to abolish or postpone the taxation, stating that the nature of digital assets and policy direction have not yet been determined, and that the "Basic Law on Digital Assets" should be prioritized. Lee Won-ik responded that the relevant legislation on digital assets is in the final negotiation stage and discussions will be promoted as soon as possible; regarding taxation, opinions from various parties are diverse, and collection of opinions is still ongoing.The taxation of virtual assets in South Korea was introduced in 2020 through amendments to the Income Tax Act, having been postponed three times previously. The government is currently advancing administrative procedures according to the timeline for implementation in January next year, but some in the industry and even within the ruling party believe that due to unclear standards and insufficient infrastructure, the timing for implementation is not yet mature.

According to reports from South Korean media, on October 19, during the National Assembly's inspection of state affairs in South Korea, when asked whether the launch of single-stock leveraged ETFs affected the volatility of the South Korean stock market, the head of the Financial Supervisory Service, Lee Chan-jin, stated that he believes it has had an impact to some extent. He expressed deep regret over criticisms for not actively preventing the listing of related products.On the same day, during the National Assembly's Administrative Committee's inspection of the Financial Supervisory Service, a member of the People Power Party stated that searching for news related to the listing of single-stock leveraged ETFs would reveal that there were occurrences from "Black Monday" to "Black Friday," turning an entire week into a black one, and asked Lee Chan-jin whether he believed the listing of this product had an impact on this. Lee Chan-jin responded that he believes it has had an impact to some extent. When asked about other reasons for stock market volatility, Lee Chan-jin added that Samsung Electronics and SK Hynix have experienced severe volatility.

Lily Liu, the chair of the Solana Foundation, posted on platform X, stating, "We held the first Capital Markets Summit in Shanghai, China, on Thursday. There, we gathered hundreds of asset allocators and builders from China and around the world to discuss capital formation around innovation."Lily Liu also stated that the market capitalization of domestic listed companies in China is only 1/6 of that of comparable profitable companies in New York, and there are over 50,000 small and medium-sized enterprises waiting for IPO opportunities.

Lily Liu, the chair of the Solana Foundation, stated in a post on October 16 that they showcased Solana on a large screen because of their deep affection for the Chinese community and gratitude for the warm welcome from the Chinese community. The display refers to the light show on the entire exterior wall of the Citibank building in Lujiazui, Shanghai on the evening of October 14.She mentioned that due to the publicity, the number of registrations for the Solana Shanghai event quadrupled overnight, far exceeding the limit reported to local government departments, and it could not prevent people from flooding the venue. To comply with local requirements, the event will be postponed and will be held when it can better accommodate the size of the community. She apologized to those who came from near and far wanting to participate in the Shanghai Solana event.

The Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Mike Selig, stated that the proposed regulatory framework for crypto assets by the CFTC will establish a federal-level regulatory system to protect exchange customers from risks such as fraud, market manipulation, and theft of customer funds, preventing a repeat of the FTX collapse.Mike Selig pointed out that the CFTC is working to introduce a market-based regulatory mechanism for crypto exchanges; he stated that critics opposing relevant measures and supporting the status quo may objectively benefit fraudsters, manipulators, and those misappropriating customer funds, and warned that the lack of appropriate regulation could leave opportunities for the next figure similar to Sam Bankman-Fried.

Mike Selig, the Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated on the X platform that the United States will no longer sit idly by while cryptocurrency businesses flow overseas and standards are set by other countries. He mentioned that the cryptocurrency industry is returning to the United States, and clear regulatory rules will help the industry stay in the U.S. and be led by the U.S. in development.

Mike Selig, the Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated in an interview with CNBC that there will be no "race to the bottom" on the leverage issue. The CFTC will apply the mature margin models and risk control measures that have long been used in the derivatives market to maintain market integrity in the cryptocurrency market.