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A South Korean court has dismissed a lawsuit by CP Labs, formerly Coinplug, challenging an administrative order from South Korea’s Financial Services Commission after the company failed to return customer assets following the shutdown of its digital-asset exchange service. The Seoul Administrative Court’s second administrative division, led by Presiding Judge Kong Hyun-jin, on Oct. 1 rejected CP Labs’ request to cancel the corrective order. CP Labs had operated the exchange and continued to hold and manage user balances after ending operations on Nov. 30, 2020. After the assets were not properly returned, the Financial Services Commission in November last year ordered the company to notify users about the asset return process, return user assets and transfer them to a foundation, submit details on its compliance with the order, and cooperate with an inspection by the Financial Supervisory Service. CP Labs filed the administrative suit in December last year, but the court rejected the claim.

A U.S. District Court for the Southern District of New York has dismissed a class action lawsuit filed against Hayden Davis, Kelsier Ventures, and former Meteora CEO Ben Chow over the issuance of the LIBRA memecoin and the M3M3 token tied to Argentine President Javier Milei. The court found that the plaintiffs failed to sufficiently establish Meteora as a legally liable party and that the defendants’ alleged violations of the Racketeer Influenced and Corrupt Organizations Act did not meet key requirements, including a pattern of ongoing criminal activity.

Johann Kerbrat, Robinhood’s senior vice president and general manager for crypto and global business, said at Korea Blockchain Week 2026 in Seoul today that it was an honor for Mirae Asset Securities, one of South Korea’s leading financial platforms, to take interest in Robinhood and use it as a reference in developing its business. According to IT Chosun, Kerbrat added that demand has been rising this year as interest in South Korean equities, including semiconductors and AI, has grown, and said tokenization and blockchain technology could become key tools for expanding market liquidity. In that context, Kerbrat said there could be room for collaboration if blockchain becomes more active in South Korea, where demand for stocks is strong.

According to CoinNess market monitoring, BTC has risen above $84,000. BTC is trading at $84,011.46 on the Binance USDT market.

Vlad Novakovski, CEO of Lighter, said at Korea Blockchain Week that fixed income markets, including bonds and interest rates, could become DeFi’s next growth opportunity. Lighter has already launched a related product, introducing its US10Y perpetual futures in August to track the 10-year U.S. Treasury, with up to 20x leverage. The product allows users to take positions on U.S. interest rates and Treasury prices on a DeFi platform without a brokerage account.

European Union regulators are investigating whether Binance has continued to provide services by using the reverse solicitation exemption for offshore customer requests after failing to secure an EU Markets in Crypto-Assets license and having to scale back its regional business, the Financial Times reported. Under EU rules, crypto asset service providers that did not obtain a MiCA license were required from July 1 to immediately reduce operations in the bloc and halt services except those intended to support customers’ crypto transfers or sales. The European Securities and Markets Authority and regulators in France, Germany and Greece have requested related materials from Binance, according to the report. If regulators reject Binance’s explanation, penalties including fines could follow. Binance said it is complying with regulatory requirements in each jurisdiction where it operates and is continuously reviewing its services and products in line with those obligations. The exchange added it is making active efforts to obtain a MiCA license.

South Korea’s cryptocurrency market reacts more sensitively to moves in U.S. stocks than to changes in the KOSPI, Digital Asset reported, citing a Bank of Korea study. The study found that when the S&P 500 moves 1%, BTC moves about 0.57% and ETH about 0.80% over the same period. By contrast, when the KOSPI moves by 1 percentage point, Bitcoin moves just 10.14 basis points, or 0.1 percentage point, and Ethereum 12.52 basis points, or 0.13 percentage point. The link to U.S. stocks was about 5.6 times stronger than the KOSPI for Bitcoin and about 6.4 times stronger for Ethereum. The paper said this may reflect the influence of shared factors such as global risk appetite and liquidity on both U.S. equities and South Korea’s digital asset market.

U.S. spot Ethereum ETFs saw a net outflow of $59.58 million on Sept. 30, according to SoSoValue, marking a second straight trading day of net outflows. - Fidelity FETH: -$26.6 million - Grayscale ETH: -$25.48 million - Grayscale ETHE: -$7.5 million

U.S. spot Bitcoin ETFs posted a net outflow of $148.69 million on Sept. 30, ending a nine-session net inflow streak, according to SoSoValue. - Fidelity FBTC: -$125.58 million - Bitwise BITB: -$13.63 million - BlackRock IBIT: -$9.48 million

Joseph Chee, chairman of Solana Company, said at Korea Blockchain Week that China’s sustained interest in cryptocurrency suggests the government will eventually find a way to manage and regulate the sector rather than maintain a blanket ban. Chee cited continued interest in crypto among investors, academics, and developers in China despite regulatory pressure. Chee added that Beijing’s concerns are centered on speculation, fraud, capital flight, and financial instability, making oversight and supervision a more realistic option than a full ban, although a policy shift does not appear imminent and could take considerable time.

The Polygon Foundation said PIP-92 has been activated. As a result, staking rewards on the Polygon chain are set to rise to around 7.7%, with the higher reward rate remaining in place until Dec. 1.

A limited unwind of restaked ETH positions exposed to Lido could occur, The Rollup founder Andy said while commenting on the MetaMask infrastructure security incident, and Andy advised investors to take preemptive action across all ETH staking positions with Lido exposure. Although the situation appears to be under control, Andy said discussions with multiple parties indicated no one yet clearly understands exactly what happened.

Liquid restaking protocol Renzo Finance announced today the launch of Renzo Basis, a new product designed to strengthen on-chain verifiability. The product is structured so users can verify holdings in real time on-chain, without combining risk and liquidity into stablecoins or separate vaults. Renzo also disclosed that its liquid restaking token ezETH fully transitioned from Lido’s stETH to a 100% native ETH collateral model on April 26, 2026.

Large outflows have hit Morpho vaults managed by Sentora following MetaMask’s staking-related security incident, Crypto Briefing reported. The RLUSD vault fell from $426.4 million to $350.4 million in four hours, while the PYUSD vault dropped from $408.9 million to $349.3 million. Morpho uses a structure in which third-party curators set each vault’s collateral and lending terms, as well as the markets where funds are deployed. If the outflows continue, vault utilization could rise. Higher utilization could push up borrowing rates and make it harder for remaining depositors to withdraw funds immediately.

Democratic Party lawmaker Min Byoung-dug proposed raising funds for an FC Anyang soccer stadium through token securities, Edaily reported. Speaking at a discussion session during the "Edaily Global STO Summit 2026" held at the Korea Exchange conference hall in Seoul on Oct. 1, Min suggested that Anyang could finance stadium development not through taxes but through token securities, while giving nearby residents and Anyang citizens the first chance to invest. Min said that when discussions on using tokenization to raise stadium development funds first began in 2020, the conversation was still at the stage of questioning why coins were needed, but has now shifted to how quickly to move ahead. Min added that proposals to build a dedicated stadium often face opposition on the grounds that there are many other demands on the budget. If passionate local fans can hold token securities at low prices, Min said, those residents could become strong supporters willing to tolerate construction dust, noise, and traffic congestion. More specifically, citizens could participate with small-scale investments, receive part of the returns under a prearranged structure, and obtain parking passes, facility-use rights, or a share of operating revenue from the completed development in token form.

The number of cryptocurrencies circulating on South Korean exchanges has declined for the first time in two years, while so-called exclusive listings traded on only one exchange fell by more than 20% in six months, News1 reported, citing a survey on virtual asset service providers released today by South Korea’s Financial Intelligence Unit under the Financial Services Commission. A total of 673 virtual assets were in circulation across domestic exchanges in the first half of this year on a deduplicated basis, down 39, or 5.5%, from 712 in the second half of last year. The sharpest drop came in exclusive-listed virtual assets, which fell by 62, or 20.9%, to 234 from 296 over the same period. By contrast, the number of virtual assets listed on two or more exchanges rose by 23, or 5.5%, to 439 from 416. An industry official said exclusive listings leave exchanges to shoulder the burden of securing liquidity and protecting users from sharp price swings, and added that exchanges are favoring coins already traded elsewhere and with proven market demand.

South Korea’s financial authorities have proposed setting retail investors’ annual net purchase limit for over-the-counter tokenized securities platforms at 100 million won ($69,000) per exchange, Yonhap Infomax reported. South Korea’s Financial Services Commission said on Oct. 1 it will accept public comments from Oct. 2 through Nov. 11 on proposed revisions to the enforcement decrees of the Electronic Securities Act and the Capital Markets Act, along with related rules. The proposal fleshes out delegated provisions under the revised laws, which are scheduled to take effect on Feb. 4 next year, and reflects policy directions presented on Sept. 4 by a public-private consultative body on tokenized securities. Eligible securities for issuance as tokenized securities would include not only fractionalized investment products such as beneficial interests in non-monetary trusts and investment contract securities, but also conventional standardized securities such as stocks, bonds and funds. During the public comment period, the FSC plans to discuss industry suggestions in full, including raising the investment cap, lowering the minimum capital requirement for issuer account management institutions, and easing distributed ledger requirements. Specifically, the proposals under discussion include: - raising the annual net purchase limit for retail investors at each over-the-counter exchange above 100 million won - lowering the minimum equity capital requirement for issuer account management institutions below 4 billion won ($2.8 million) - easing distributed ledger requirements

South Korea’s cryptocurrency market weakened broadly in the first half of this year, with participation by so-called big-money investors also declining, iNews24 reported, citing results from a survey of 26 virtual asset service providers released on Oct. 1 by South Korea’s Financial Intelligence Unit and Financial Supervisory Service. As of the end of June, the number of tradable user accounts stood at 11.175 million, up 49,000, or 0.4%, from the end of last year. Accounts holding at least 10 million won accounted for 890,000, or 8% of the total, down two percentage points from the end of last year. Accounts holding at least 100 million won totaled 110,000, representing 1% of the total and down 0.5 percentage point from the end of last year. Meanwhile, 8.63 million accounts, or 77.2% of all user accounts, held less than 1 million won in assets. The total valuation of virtual assets in South Korea stood at 58.9 trillion won ($43.3 billion) at the end of June, down 33% from the end of last year. Average daily trading volume in the first half was 3.1 trillion won ($2.3 billion), down 44% from the second half of last year, while won-denominated deposits fell 35% to 5.2 trillion won ($3.8 billion). Exchange revenue in the first half dropped 41% from the second half of last year to 576.8 billion won ($424.3 million), and operating profit plunged 78% to 81.6 billion won ($60.0 million).

Most crypto transfer users in South Korea are likely to be affected when the travel rule is extended to virtual asset transfers worth less than 1 million won ($700) starting in February, News1 reported. According to a survey on virtual asset service providers released by South Korea’s Financial Intelligence Unit under the Financial Services Commission on Oct. 1, 63% of all users who made outbound virtual asset transfers in the first half used transfers worth under 1 million won.

Grayscale has completed a three-for-one stock split for its spot ZEC ETF, ZCSH. Shareholders of record as of the Sept. 28 market close received two additional shares for each share held, raising each original share to three shares after the split. Following the split, net asset value per share was adjusted to about one-third of its previous level, while the total value of each investor’s holdings was unchanged.

A U.S. bankruptcy court in New Jersey has approved the reopening of the bidding process for Bitcoin mining pool Poolin’s Texas mining business assets, The Energy Mag reported. An affiliate of HUT 8 remains the stalking-horse bidder, with the total offer valued at up to $180 million. Of that, $100 million would be paid at closing, while up to $80 million would be tied to milestone-based conditions related to a future data center transaction.

Binance announced it will delist the PROMPT/USDT, PUMPBTC/USDT and 1000000BOB/USDT perpetual futures at 9:00 a.m. UTC on Oct. 5.

Whale Alert reported that 277,162,705 USDT has been transferred from Binance to an unknown wallet. The transaction is valued at about $277 million.

Rising Bitcoin prices and lower funding costs could create a virtuous cycle that further strengthens Bitcoin-holding companies such as Strategy, Strategy CEO Michael Saylor said. Saylor said the key is appreciation in Bitcoin, whose supply is capped. If a company raises fresh capital to buy more Bitcoin, demand increases, and if the price rises, the value of the company’s holdings and its ability to raise additional funds could also improve. Saylor added that growing market understanding and acceptance of preferred shares such as STRC is another variable. As analyst and institutional participation expands and trading and distribution infrastructure improves, the extra yield investors demand could fall, reducing Strategy’s funding costs. If corporate value rises, the company could raise capital on more favorable terms to buy more Bitcoin or reduce higher-cost debt. Saylor described Strategy’s $152 million STRC redemption disclosed on Sept. 28 as an example of this active capital management strategy. He added that for the structure to remain sustainable, returns from holding Bitcoin must exceed funding costs and dilution from share issuance. Because Bitcoin does not generate interest income on its own, price appreciation and efficient capital management remain the key factors, Saylor said.

Payment stablecoin oversight rules in the U.S. state of Florida took full effect today, according to Odaily. Under the new rules, trust companies in Florida must obtain state approval to issue payment stablecoins. Issuers are required to maintain reserves of at least one-to-one in cash, short-term U.S. Treasuries, government money market funds and similar assets, while also disclosing reserve details monthly and undergoing accounting audits and executive certification. In particular, if a state-supervised issuer’s total outstanding issuance exceeds $10 billion, new issuance must be halted unless the issuer moves into a federal regulatory framework within 360 days or falls back below the cap. The move is expected to strengthen the link between state-level efforts to establish a legal framework for stablecoins and federal regulation.