

In response to questions about why Bitcoin has underperformed this year, Circle CEO Jeremy Allaire did not predict price movements, but instead emphasized that stablecoins are not the same as crypto speculation. His true focus is on the real-world applications of a digital dollar in payments, capital markets, trading, investing, and lending. As traditional financial institutions enter the space, on-chain transactions and applications continue to grow rapidly. https://t.co/GpRjmVaNqA

£5.6 million recovered in the Qian Zhimin case—but will the money reach the victims? New developments have emerged in the Qian Zhimin Bitcoin money laundering case. According to UK media reports on October 21, Seng Hok Ling, who assisted Qian Zhimin in money laundering, arranged accommodation, and evaded police investigation, has had approximately £5.6 million seized, along with £1,990 in interest. He was sentenced to four years and eleven months in prison last November. The case involves over 128,000 victims in China, and UK police previously seized around 61,000 bitcoins. However, there is a crucial distinction: The court’s recovery of criminal proceeds does not mean these assets have been directly returned to victims. How the funds will be distributed and whether victims will receive compensation still depends on ongoing legal proceedings. #QianZhimin #Bitcoin #UK #Cryptocurrency #FinancialNews

🔥 The Korean Won Officially Goes On-Chain: @injective, in partnership with @BDACSKorea, launches KRW1 📌 Key Highlights: ▪️ KRW1 is South Korea’s first won-backed stablecoin, issued by BDACS, with reserves held by a major South Korean bank ▪️ Background According to Injective, South Korea’s major exchanges have experienced a net outflow of stablecoins to overseas platforms for 18 consecutive months, totaling approximately $10.4 billion. The on-chain market remains predominantly dollar-denominated, creating a capital outflow gap ▪️ Ecosystem Foundation POSCO International and LG CNS have selected Injective to issue and settle trade receivables ▪️ Data Injective has processed over $7.5 billion in RWA transactions to date, with over $1 billion in tokenized assets issued on-chain. Next, Injective plans to build the largest on-chain market for tokenized foreign exchange and RWA assets. Won-based settlement could become the next layer of infrastructure for institutional entry. #Injective #KRW1 #KRWStablecoin #RWA

Trump joined NVIDIA CEO Jensen Huang live at the All-In Summit for a conversation on AI, robotics, data centers, and U.S. technological competition. Trump stated that robots will not take over the world, nor will AI take over other parts of the world; in his view, fears surrounding this issue have been greatly exaggerated. He also emphasized that while AI development must be approached with caution, this should not halt the entire industry’s progress. Regarding AI infrastructure, he referred to data centers as the “oil” of the next 20 to 25 years, noting that they can drive industrial investment and potentially transform local economies. Finally, he reiterated his strong assertion: “Whoever wins AI will win the future.”



