DashTape

DashTape: The Bank of Korea has called for stronger monitoring of overseas derivatives linked to South Korean chipmakers, warning that their rapid growth could amplify volatility in the domestic market. It pointed to Situational Awareness's leveraged bets as a recent example. In its semiannual monetary policy report submitted to the National Assembly on Thursday, the Bank of Korea said the concentration of South Korean market exposure to semiconductor stocks, foreign investors' portfolio rebalancing, and the buildup and unwinding of domestic leverage were drivers of unprecedented fluctuations in the KOSPI index from January to July. The Bank of Korea said global banks and ETF managers traded South Korean spot equities, futures, and options while hedging total return swaps, apparently amplifying domestic stock price volatility. Although the Bank of Korea did not cite a specific case, an unusual trade in SK Hynix in July triggered nearly $60 million in liquidations in the offshore digital currency market, highlighting the growing cross-market risks posed by leveraged products linked to South Korean chipmakers. (Jinshi)

DashTape reports that Morgan Stanley has initiated coverage of Coinbase Global Class A shares with a "Neutral" rating and a price target of $250.

DashTape reports A whale withdrew approximately $462 million worth of Bitcoin from Coinbase nearly two years ago and has never fully exited its position since. At the peak of Bitcoin's price, its holdings were once up about $315 million in profit, while at the low point in July this year, it briefly swung to a loss of about $100 million. Since August, the whale has transferred approximately $82 million worth of Bitcoin to Kraken and still holds about $418 million worth of Bitcoin, with current profits of approximately $40 million.

1. Bitcoin spot ETFs saw a total net outflow of $120 million yesterday, with ARKB leading outflows at $77.9815 million; 2. Ethereum spot ETFs saw a total net inflow of $34.7535 million yesterday, with BlackRock's ETHB leading inflows at $22.9376 million; 3. Four.Meme: BNC4 completed its first daily buyback, with approximately $356,000 worth of 4Stock bought back and burned; 4. long.xyz co-founder: Stock trading pairs will become the crypto market's "final Meta," with plans to expand distribution channels beyond Crypto Twitter; 5. Coinbase CEO: Hopes to bring tokenized stocks to the U.S. as soon as possible; 6. Cooling off? Robinhood Chain's daily revenue drops below $1 million, a significant decline from its peak; 7. LAPTOP Foundation's X account suspended, Hunter Biden emphasizes he will not give up on the project; 8. David Sacks: Anthropic's IPO should be paused pending completion of the whistleblower investigation; 9. LaserCat: Stay committed to "the bull is coming," diamond hands all the way; 10. Arc Chain to launch on September 16, Circle co-founder actively responds to fomo launch teaser; 11. Citadel Securities calls for transferring regulatory authority over certain prediction market contracts to the SEC; 12. Analysis: Declining trading volume will weaken incentives to hold crypto-equity narrative plays, potentially triggering a sell-off.

According to on-chain analyst Ai Yi, after ETH traded around the $2,500 level for over half a month, a certain address withdrew 2,100 ETH from OKX today, with the most recent withdrawal occurring 4 hours ago at an average price of $2,469. This address currently holds only ETH.

DashTape reports According to GMGN data, the market cap of Meme coin 4Stock on BSC has rebounded past $40 million, now at $40.96 million, up nearly 10% in the past hour. It is reported that 4Stock is a stock Meme narrative launched by Four.meme, with the first underlying asset being BNC4, which is pegged to BNB treasury company CEA Industries. Earlier news: Four.Meme posted on X that BNC4 Daily Buyback has completed its first repurchase and burn, buying back and burning a total of 10,169,329 4Stock from the market, worth approximately $355,900. DashTape reminds users that Meme coin prices are highly volatile, and investors should participate with caution.

According to an official announcement, DashTape reports that Upbit will list the BFC token on KRW and USDT markets.

According to DashTape, CZ posted on X stating that the market will offer many opportunities to enter or exit, and what investors need to do is make the right decision.

According to an official announcement, Upbit will list the REZ USDT trading pair.

DashTape reports Four.Meme posted on X platform that the BNC4 Daily Buyback has completed its first buyback and burn, repurchasing and burning a total of 10,169,329 4Stock from the market, valued at approximately $355,900. The buyback funds came from all product revenue generated by BNC4 on September 8 and 9, including 115,057 USDT and LP fees of 11,652 BNC4, as well as Bonding Curve trading fees of 33,930 BNC4. Additionally, Four.Meme stated that rankings will be reset daily going forward, and 100% of BNC4's daily product revenue will be used to buy back the qualifying BNC4-paired community meme coin ranked first on that day, and burn it entirely.