Flash News

TREE NEWS update: South Korea’s National Investigation Headquarters has opened a pre-indictment investigation into hacking attacks on securities firms and a cryptocurrency exchange, Yonhap reported on Oct. 28. Daishin Securities confirmed a breach exposing the personal and credit data of 38,490 customers; Bithumb confirmed employee information was leaked and is checking whether member data was affected; Mirae Asset Asset Management reported some business-system data was exposed with no personal credit information found leaked so far.

TREE NEWS update: China’s Commerce Minister Wang Wentao met with Bernd Lange, chair of the European Parliament’s Committee on International Trade, and said Beijing and Brussels have held two trade and investment consultation meetings this year with substantial results. Wang said the two sides have the will and ability to resolve trade concerns through dialogue, while noting the EU’s recent push for a series of trade restriction tools, which he said negatively affects China-EU supply chain stability and business cooperation.

TREE NEWS update: Bithumb said an intruder accessed personal data through an internal employee application, with trading unaffected, and the South Korean exchange is still checking whether customer records were exposed. The disclosure came on the same day that Daishin Securities and Mirae Asset also reported data breaches.

TREE NEWS update: Coinbase said customer contact data was exposed through third-party vendor Amplitude and that it found no sign of intrusion into its own systems, with funds untouched. The exchange did not disclose how many customers were affected. The disclosure follows a data exposure tied to an outside analytics provider rather than a breach of Coinbase’s own infrastructure.

TREE NEWS update: Coinbase said an incident at analytics vendor Amplitude exposed some customers’ contact data, but the exchange found no evidence of unauthorized access to its own systems. The company denied that its systems had been breached, attributing the exposure to the third-party vendor.

TREE NEWS update: Chinese Foreign Ministry spokesperson Guo Jiakun said Beijing advocates open cooperation and is committed to keeping global industrial and supply chains stable and secure, responding to German Chancellor Merz’s China-related remarks at a regular press briefing. Guo said China-Germany and China-EU economies are complementary and their industries interlinked, with pragmatic cooperation delivering mutual benefit. He urged Germany and the EU to remain objective and rational, move toward China, resolve differences through dialogue and consultation, and act as reliable, predictable partners.

TREE NEWS update: South Korea has fined Google and Apple a combined 63.7 billion won over forced in-app payment practices. The penalty targets the companies’ requirement that developers use their proprietary billing systems. No further details on the breakdown between the two firms or the regulator’s specific findings were provided.

TREE NEWS update: U.S. Treasury Secretary Scott Bessent said digital assets can help reinforce the dollar’s global dominance, speaking Tuesday at Ripple’s Swell conference with CEO Brad Garlinghouse. He said more than 90% of stablecoins are backed by the dollar and issuers often hold U.S. government securities as reserves, creating a growing funding source for the Treasury. Bessent called Congress’s failure to pass the Clarity Act disappointing but said the Treasury can work with the SEC and CFTC on regulation.

TREE NEWS update: Moody’s has assigned Ripple USD (RLUSD) an A2 long-term and P-1 short-term deposit rating. The agency said the strong ratings reflect the stablecoin’s reserve coverage, liquidity and redemption arrangements.

TREE NEWS update: South Korea’s Financial Supervisory Service has launched an investigation into Bithumb and financial institutions following hacker attacks, Bloomberg reported. The probe targets the crypto exchange and the financial firms hit in the incidents. No further details on the scope of the investigation or the losses involved were given.

TREE NEWS update: Beijing’s market regulator organized eight leading internet companies — Baidu, ByteDance’s Ocean Engine, Tencent, Kuaishou, JD.com, Meituan, 360 and Phoenix — to sign a self-discipline convention on internet marketing and advertising. The pact, grounded in China’s Advertising Law, E-Commerce Law, Anti-Unfair Competition Law, Consumer Rights Protection Law and Internet Advertising Rules, sets four principles covering value orientation, truthfulness, fair competition and safety compliance.

TREE NEWS update: Moody’s has assigned A2 and P-1 deposit ratings to Ripple’s RLUSD stablecoin, covering the token’s native issue on the XRP Ledger and Ethereum. The ratings weigh reserve safeguards against holders’ exposure to an issuer bankruptcy, Moody’s said. It is the first such ratings action on the Ripple-issued dollar token.

TREE NEWS update: Coinbase said its systems were not breached and that customer funds were unaffected, attributing an incident to contact data held by analytics provider Amplitude. The exchange said it is notifying impacted users and regulators.

TREE NEWS update: South Korea has called an emergency meeting in response to a hacking incident targeting financial companies, Yonhap reported. The meeting follows the breach affecting financial firms, though the number of companies involved and the nature of the attack were not specified. No details on the scope of the incident or the identities of the affected institutions were immediately available.

TREE NEWS update: Bithumb has disclosed a data leak following a breach of its internal mobile system, which employees use for work and information sharing. The South Korean crypto exchange confirmed the incident in a disclosure, without specifying how many staff were affected or what data was exposed. It did not give a date for the breach.

TREE NEWS update: Binance has stopped offering new loans and margin products to Brazilian users, with access to eight products and 22 tokens ending Tuesday, as the exchange seeks a license from Brazil’s central bank. Binance said it applied to the central bank last Friday, days before an Oct. 30 licensing deadline.

TREE NEWS update: Japan’s Finance Minister Satsuki Katayama said she is monitoring market movements with a high sense of urgency. The remark signals heightened official attention to financial-market conditions, though the statement gave no further details on policy or specific market moves.

TREE NEWS update: Former CFTC Chairman Chris Giancarlo said the White House’s narrower, government-run program allowing firms to hack cybercriminals is “a very mature, thoughtful document,” calling it “just about right.” Giancarlo, who proposed reviving letters of marque against crypto hackers in 2025, made the remarks on Unchained. The plan would permit private companies to conduct offensive cyber operations against attackers under government oversight.

TREE NEWS update: The Commodity Futures Trading Commission asked a federal judge in Utah to halt the state’s pending case against Kalshi, making Utah the tenth state where the derivatives regulator has taken legal action. The filing is part of the CFTC’s push to assert federal jurisdiction over prediction markets.