10 #Bitcoin ETFs inflows 7,066 $BTC(+$703.6M) and 9 #Ethereum ETFs inflows 14,425 $ETH(+$48.32M) yesterday.

CryptoQuant founder Ki Young Ju stated in a post that the Bitcoin bear market cycle has ended, forecasting that the market will show an upward or sideways trend over the next 12 to 24 months.

South Korea will block the websites of 27 unregistered cryptocurrency exchanges, further expanding its crackdown on overseas trading platforms beyond mobile applications. The Korea Financial Intelligence Analysis Agency (FIU) announced on Tuesday that the Korea Communications Commission approved the relevant restrictions following a review conducted from October 6 to 7. FIU noted that websites of trading platforms with overseas operators will be blocked, while platforms operating within South Korea will face service termination.

Tether announced its participation in EFY Finance’s seed round financing to drive the institutional adoption of USDT and USAT. The investment aims to strengthen infrastructure links between stablecoins and traditional financial systems in Latin America. EFY Finance is a financial infrastructure firm offering stablecoin-based cross-border payments, account services, and digital asset custody for the Latin American market. The company provides fiat onramps infrastructure for USDT and USAT, over-the-counter (OTC) trading services, wallets, and debit cards, supporting over 12 currencies and cross-border payment channels, with settlement capabilities for local accounts in 17 countries. EFY Finance has secured El Salvador’s Digital Asset Service Provider (DASP) license and currently delivers regulated services to more than 25,000 active individual and corporate accounts.

According to Bloomberg, crypto hardware manufacturer Ledger SAS is reviewing its consumer device sales policies and procedures. The move follows reports that some of its hardware wallets were implanted with spyware, leading to an estimated $90 million worth of cryptocurrency being stolen. Ledger’s Chief Technology Officer Charles Guillemet said Tuesday the company is also evaluating the devices’ tamper-proof protection measures. He reminded users who suspect their devices have been tampered with to first refer to Ledger’s published security guidelines before disassembling their hardware wallets on their own, and to send any suspicious devices to Ledger for further inspection.

According to Bloomberg, market maker Jump Trading has hired the founding team of a computing power trading startup. As the artificial intelligence boom drives growth in related markets, market makers are gradually entering this emerging asset class. In a post on X, Ito Markets stated that Jump Trading has brought in Affaan Mustafa and Alejandro Soumah Fernandez, founders of Ito Markets Inc., via an "acqui-hire" arrangement. Ito Markets is a proprietary trading startup focused on trading computing power usage rights. The two have joined Jump Trading and will lead the newly established computing power trading division. The financial terms of the deal have not been disclosed.

Bank of Korea Governor Rhee Chang-yong stated that further appreciation of the South Korean won would be beneficial, noting that the currency’s sharp rise since the BOK shifted to a tightening monetary policy has boosted household purchasing power. During a conversation with Krishna, director of the IMF’s Asia and Pacific Department, on the sidelines of the annual meetings of the International Monetary Fund and World Bank in Bangkok on Tuesday, Rhee said: “We will maintain a restrictive monetary policy stance until we are confident that inflation will return to the target level in a timely manner.” Rhee added that a stronger won has tilted economic growth momentum more toward the domestic sector, helping to ease development gaps in what he termed the “K-shaped economy”. He further noted that inflation, exchange rate, and financial stability factors are currently aligning with the same policy direction, making the policy trade-offs facing the Bank of Korea easier than usual.