South Korea recorded approximately $449.1 billion in on-chain crypto activity between July 2025 and June 2026, up 12.30% from the prior cycle and the highest in East Asia, according to a Chainalysis report. Japan followed with about $228.3 billion, Hong Kong with $192.2 billion, and mainland China with $176.3 billion, bringing the regional total to roughly $1.19 trillion. AI tokens have become the largest thematic sector in Korean won trading as of June, with Worldcoin (WLD) alone generating $7.41 billion in volume, underscoring how speculative retail demand in the Korean market is increasingly converging on AI-linked narratives.
Japan's Metaplanet Revises Policy to Allocate Up to 90% of Assets to BitcoinJapanese listed firm Metaplanet announced a revised capital allocation policy targeting bitcoin at approximately 85% to 90% of total assets, alongside a new strategic investment tranche of 10% to 15% covering financial platform M&A, yield-bearing assets, and asset management business capital. The strategic tranche will be funded through non-dilutive instruments such as BitBonds, borrowing, bitcoin-collateralized credit facilities, and perpetual preferred shares, managed separately under asset-liability management rules. Credit financing for bitcoin acquisitions remains capped below roughly 10% of BTC NAV. The company also reported a net purchase of 1,000 BTC in its fiscal third quarter, bringing total holdings to 44,000 BTC as of September 30.
OKX Files With SEC to Launch Tokenized Stock Trading Platform via ICE Joint VentureOKX has submitted an application to the U.S. Securities and Exchange Commission to launch a tokenized stock trading platform, positioning itself among the first major exchanges to trade digital versions of public company shares under new U.S. rules. The filing entity, OKXICE LLC, is a joint venture between OKX and Intercontinental Exchange (ICE), parent of the New York Stock Exchange, and plans to list tokenized shares of 63 NYSE-listed companies initially. The venture relies on the SEC's five-year Innovation Exemption introduced September 17. OKX founder Star separately confirmed the TSV DEX contract plans to deploy on X Layer, while Uniswap founder Hayden Adams said the project will launch using Uniswap v4 Hook architecture.
ZachXBT Reveals Undercover Operation That Helped Freeze Bybit Hack FundsOn-chain investigator ZachXBT disclosed that he posed as a client to infiltrate a money-laundering ring allegedly tied to North Korea-backed Lazarus Group, helping freeze funds connected to the 2025 Bybit attack. After the $1.5 billion Bybit breach in February 2025, ZachXBT identified more than 15 accounts in public Telegram and Discord groups seeking help processing transactions linked to stolen funds. He contacted a user operating under the alias "Jimmy Green" and built trust through multiple transactions, including a $3.497 million USDC transfer on March 6, 2025 for a USDT swap. The disclosure offers rare insight into how investigators infiltrate Asian-linked laundering networks tied to North Korean state-sponsored hacking operations.
Binance Launches AI Product Stack With Free Assistant, Pro Trading and Agent OSBinance announced the launch of Binance Intelligence, a suite of three AI products including a free Binance AI assistant for all users, Binance AI Pro for converting natural language into executable strategies, and Binance Agent OS for developers building AI applications. The platform integrates charts, news, social feeds, on-chain data, and research tools through generative UI that adapts to individual user knowledge levels and interests. Features include a "For You" tab, market briefings, intelligent tooltips, and Master Trade, rolling out gradually beginning October 5. The move signals Binance's push to embed AI across its retail-facing product stack at a time when AI tokens are surging in Asian markets.
Kraken Parent Payward Partners With Singapore Gulf Bank for 24/7 Institutional SettlementPayward, parent company of Kraken, has integrated with Singapore Gulf Bank's real-time multi-currency clearing network SGB Net to provide institutional clients in select Asian and Gulf jurisdictions with around-the-clock instant settlement. The service initially supports U.S. dollar transactions for a limited client set, with plans to expand coverage and currency pairs. SG Bank will also connect to Kraken Prime, Payward's institutional brokerage platform, to source digital asset liquidity and use Payward market data for client pricing. SG Bank's network currently processes over $20 billion in monthly fiat transactions, highlighting growing institutional infrastructure investment across Singapore's crypto corridor.
Visa Survey Shows Rising Stablecoin Payment Interest Across Asia-PacificA Visa survey found that 46% of Asia-Pacific respondents may use stablecoins within the next five years, up from 16% who reported usage in the past 12 months. While 66% are aware of stablecoins, only 6% can accurately explain how they operate, and 38% of non-users cite fraud concerns as a barrier. The findings, reported alongside CoinShares research, suggest stablecoin adoption in the region is moving from speculative awareness toward practical payment use cases, though education gaps remain a key constraint. Separately, CoinShares data showed most wealthy investors across seven markets now hold digital assets, with bitcoin held by 80% of digital asset investors.
China's Top AI Models Narrow Performance Gap With US to Historic Low of 3%China's leading AI models now trail their U.S. counterparts by just 3% on benchmark scores, down from approximately 9% in May and 15% at the start of the year, according to Bloomberg Intelligence senior analyst Robert Lea. The improvement follows DeepSeek's September release of V4.1 Flash, which pushed Chinese model performance to a historic competitive low against American systems. Lea expects the narrowing gap to help Chinese AI vendors expand market share. The development carries significant implications for the intersection of AI and crypto in Asia, where AI tokens have become a dominant thematic narrative.
Hong Kong SFC Flags Digital Asset Private Fund 'E Fund' as UnlicensedHong Kong's Securities and Futures Commission has added a digital asset private fund operating under the name "E Fund" to its list of unlicensed companies, alongside two associated websites. The SFC said the entity falsely claimed on its websites that the digital asset private fund had received SFC approval. The action reflects Hong Kong regulators' ongoing scrutiny of unauthorized crypto investment schemes targeting retail investors in the region. The alert follows a pattern of SFC enforcement aimed at preventing fraudulent actors from misusing perceived regulatory endorsement in Asia's key crypto hub.
Bank of Japan Deputy Governor Says AI Is Reshaping Core Monetary Policy ParametersBank of Japan Deputy Governor Shinichi Uchida said artificial intelligence has become a key topic in central bank monetary policy discussions, describing AI as a massive positive demand shock that is placing upward pressure on the economy and prices. He noted that AI's demand-side effects appear to be surfacing first, generally easing financial conditions, though risks of correction remain if corporate profits fail to keep pace. Uchida added that AI affects several core monetary policy parameters including the output gap, financial conditions, and "star variables" representing the economy's long-run equilibrium natural rates. The remarks signal growing official recognition in Japan that AI-driven productivity shifts may alter the fundamental inputs central banks use to set policy.

