South Korean Financial Regulator: SK's Solidigm US Listing May Violate Regulations

Odaily Report: JPMorgan is expanding its JPM Coin USD deposit token to the Ethereum mainnet, offering it to institutional clients. The token was previously launched on Base in 2025 and represents actual bank deposits, enabling near-instant peer-to-peer transfers and settlements around the clock. It is currently available only to JPMorgan institutional clients through Kinexys, does not support public trading, and is not open to retail customers. JPM Coin is a permissioned, regulatory-compliant bank money and is not a decentralized stablecoin.

According to monitoring by on-chain analyst Ai Yi, three addresses that may belong to the same entity or whale redeemed 18.085 million ENA from Ethena and deposited them to Binance in the past hour, worth $3.64 million, with an average deposit price of $0.2013.

Odaily reports: Analyst Darkfost posted that since Bitcoin hit its peak last October, its maximum drawdown has reached 54%, and the current price is about 35% below the high. Over the same period, cumulative sell pressure in Binance's Meme coin sector has exceeded $1.4 billion, making it one of the sectors hardest hit in this bear market.Darkfost noted that Meme coins lack fundamental support, with prices driven mainly by market sentiment and cultural trends. Currently, Meme coins' share of the total altcoin market cap has fallen to a historic low of less than 3%, reflecting continued liquidity outflow from the sector. He believes that Meme coins tend to face greater downside pressure during market corrections, and investors should be alert to related risks.

Odaily reports: On October 20, Central Time in the United States, SpaceX will release its financial and operational results for the third quarter of 2026. At that time, the SpaceX executive team will hold an audio livestream for the Q3 earnings Q&A, and SpaceX shareholders can submit questions before the meeting and like them; these questions may be shared and answered during the livestream.As of now, the question “When will SpaceX merge with Tesla” has surged into the top three on the liked-questions list, becoming one of the questions investors care about and look forward to most.

Odaily reports: According to an official announcement, Binance has announced an upgrade to the "Write to Earn" program on Binance Square, adding participation rewards based on genuine engagement (comments, likes, and follows). Starting from 00:00 (UTC) on October 19, 2026, eligible creators can earn weekly participation rewards based on the quality of content engagement, in addition to trading commissions. Creators ranked in the top 100 by weekly base commission in the live streaming category can receive additional bonus commissions. Rewards will be distributed in USDC to spot accounts by 23:59 (UTC) on the Thursday of the following week.

Odaily: South Korea's financial regulator said on Monday that a potential listing by Solidigm, the US subsidiary of SK Hynix, could violate restrictions on "dual listings." Lee Chan-jin, governor of the Financial Supervisory Service (FSS), said the regulator is examining whether Solidigm would need to undergo a review under domestic regulations if it pursues an IPO in the United States. When asked how the regulator would protect the interests of minority shareholders of parent company SK Hynix if Solidigm lists, Lee Chan-jin replied: "We have been closely monitoring this matter... Both the Financial Services Commission and we believe this constitutes a violation of the regulations on 'dual listings.'" (Jinshi)