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According to Bloomberg data, the expected price-to-earnings ratio of South Korea's KOSPI index for the next 12 months has fallen to 4.2 times, becoming the first trillion-dollar market on record to drop below the 5 times threshold. Among the 18 markets with a market capitalization exceeding 1 trillion dollars at the beginning of this year, this situation has never occurred with a benchmark index before.The cooling of the AI boom has triggered a sell-off in technology stocks, putting pressure on the South Korean stock market. Although South Korea's exports are approaching 1 trillion dollars, the demand for chips from SK Hynix and Samsung Electronics remains strong, but investors are still unwilling to pay higher valuations for the earnings of related companies. The valuation of the South Korean stock market is now close to that of the Indonesian market, which is facing the risk of an MSCI downgrade, with the discount level further widening. Bloomberg comments that extremely low valuations may create space for future valuation recovery. If sentiment turns, South Korean stocks are expected to outperform other markets in the short term, but it is uncertain when the recovery will start and whether there will be further declines; a low price-to-earnings ratio itself does not mean that it has already hit bottom.

The Central Bank of Malaysia and the Bank of Thailand joined the Singapore-led BLOOM initiative on Friday as members of the policymakers. BLOOM stands for Borderless, Liquid, Open, Online, Multi-currency, and is a public-private partnership initiative aimed at helping financial institutions utilize stablecoins and tokenized deposits for cross-border payments. According to the Monetary Authority of Singapore, the initiative aims to reduce costs and help institutions bring services to market faster by decreasing the need for financial institutions to establish arrangements with each counterparty or market individually.The Monetary Authority of Singapore launched BLOOM in October 2025, building on Project Orchid, which was initiated in 2021 to explore the application of a digital Singapore dollar. BLOOM's work also covers corporate cash management, trade financing, and payments executed by AI agents within preset limits, with participants including Airwallex, Mastercard, Ripple, Visa, and the World Bank Group. Additionally, the Central Bank of Malaysia announced in February that three initiatives would test the ringgit stablecoin and tokenized deposits for domestic and cross-border wholesale payments in 2026.

According to a report by Bloomberg, when Founders Fund was considering investing in Polymarket in 2025, it was discovered that at that time the company had no revenue, and CEO Coplan had used company funds to pay for personal expenses such as private jets and apartment rent. Founders Fund required the company to improve its financial controls and repay the related amounts before making the investment.

According to Bloomberg citing sources, Japan's Daiwa Securities Group and Mizuho Financial Group have been notified that they can conduct wholly-owned securities business in mainland China. The relevant approvals were advanced after Vice Premier He Lifeng of the State Council received a senior Japanese trade delegation in March this year and discussed expanding bilateral trade and cross-border investment.A spokesperson for Mizuho Securities confirmed the news, stating that preparations for opening are ongoing, while a spokesperson for Daiwa Securities declined to comment. Daiwa Securities was approved by the China Securities Regulatory Commission in 2021 to establish a joint venture securities company with a 51% stake. In April this year, it spent about $100 million to acquire the remaining equity from its Chinese partner and received approval last week to complete the equity change, achieving full ownership.Mizuho Securities was approved to establish a wholly-owned securities company in October 2025, and after completing on-site inspections and operational reviews by regulatory authorities, it was issued a securities business license last week.

Bloomberg senior commodity strategist Mike McGlone stated yesterday that if the U.S. stock market retracts by 20%, Bitcoin may head towards the support level of $10,000. McGlone pointed out that since 2009, the first cryptocurrency, BTC, has led the rise of risk assets, but Bitcoin breaking through the peak of $100,000 in 2025, gold rising above $5,000 in the first quarter, and most central banks shifting to a cautious stance alongside soaring government bond yields may signal the endgame.In response, crypto analyst Darkfost countered that even if the U.S. stock market experiences a 20% level retraction, there has historically been no situation that corresponds to BTC dropping about 92% from its peak; therefore, he believes this price target is "highly unlikely."

According to Bloomberg, citing informed sources, Haider Rafique, Global Managing Partner and Chief Marketing Officer of OKX, plans to leave by the end of 2026. Both an OKX spokesperson and Rafique declined to comment.Rafique joined OKX in March 2020, leading the exchange's brand overhaul and driving collaborations with institutions such as the McLaren F1 team and the Tribeca Film Festival. He was also involved in facilitating Intercontinental Exchange's $200 million strategic investment in OKX this March, which valued OKX at $25 billion.

The account pequityresearch stated that Bloomberg's research institution, Bloomberg Intelligence, predicts that the high bandwidth memory market will reach $64.1 billion by 2030, up from the previous forecast of $26 billion.The forecast cited by this account also shows that Bloomberg Intelligence expects the prices of HBM3E and HBM4 to rise by 30% to 45% in 2027, with the average price of high bandwidth memory increasing from $15.46 in 2026 to $34.94 in 2030.

According to Bloomberg, Polymarket CEO Shayne Coplan recently hinted at the possibility of launching a platform token, sparking speculation in the crypto community about potential token issuance and airdrop plans.Coplan previously stated at the TOKEN2049 conference in Singapore that the company is exploring an on-chain asset linked to the platform's economic system with practical programmable uses, but did not announce specific token issuance plans. Against the backdrop of an increasing number of crypto startups turning to equity financing, Polymarket's potential token issuance plan has drawn attention.

According to Hyperliquid Daily, Bloomberg Terminal now supports users to monitor Hyperliquid perpetual contract prices around the clock by entering WSL HYPE , covering various assets such as cryptocurrencies, stocks, commodities, foreign exchange, and indices.Institutional users can compare Hyperliquid prices with Bloomberg reference prices for BTC, NVDA, S&P 500, Brent crude oil, and EUR/USD exchange rates without leaving their existing workflows.This integration does not currently support trade execution, but it marks Hyperliquid's official entry into the institutional price reference system, helping to enhance its market visibility and credibility, and is seen as an important step for on-chain markets to integrate into institutional workflows.

According to GMGN market data, Robinhood's meme stock BONER has risen against the trend, with its market value once surpassing 70 million dollars, approaching its historical high. As of the time of writing, BONER is reported at 66.4 million dollars, with a 24-hour increase of 17.8%.In terms of news, Bloomberg published a special report on Robinhood's meme stocks on October 2. Cryptocurrency KOL Eric, in an interview with Bloomberg, stated that meme stocks are "a characteristic of the times and also a future trend." Additionally, Eric, as a major holder of BONER, specifically introduced the BONER token to Bloomberg.Stock Meme is an emerging play that directly combines traditional meme coins with tokenized U.S. stocks: meme coins are no longer paired with USDT or ETH but are directly paired with on-chain U.S. stock tokens (such as NVDA, TSLA, AAPL, etc.). This retains the speculative attributes of meme coins, which are highly volatile and community-driven, while also leveraging the popularity and narrative of real stocks. Transaction fees often partially flow back into the community treasury to accumulate corresponding U.S. stock tokens, forming a dual-driven model of "sentiment speculation + real asset anchoring."

Bloomberg ETF analyst Eric Balchunas posted on X platform that Canary has just revised the Pepe ETF application documents again, which may be another sign that the crypto winter has ended. A few months ago, the market wouldn't even consider launching the Pepe ETF, but now the market feels safer for testing.

Bloomberg has launched a stablecoin data dashboard on its Terminal, providing financial professionals with on-chain data to track stablecoin supply, issuance, and trading activity. This dashboard is supported by the blockchain data platform Allium and covers stablecoins with a circulation of over 100 million dollars, accounting for more than 98% of the overall market.Users can compare various stablecoins based on supply, minting, burning, transfer volume, and turnover rate, and segment activity data by blockchain network and anchoring type (including fiat and commodities). The dashboard is accessible to all Bloomberg Terminal users through the RWAS feature and is displayed alongside the platform's existing fixed income, foreign exchange, and money market tools.Bloomberg Terminal is widely used by financial professionals such as banks and asset management institutions for real-time market data, news, analysis, trading, and communication. Since 2014, Bloomberg has provided Bitcoin quotes on the platform and currently offers pricing, reference data, identifiers, and benchmarks for 50 cryptocurrencies. According to DeFiLlama data, the total market capitalization of stablecoins has risen to over 30.6 billion dollars, with Tether's USDT accounting for about 60%.

According to Bloomberg, the New York State government has filed a lawsuit accusing the prediction market platform Polymarket of operating an illegal gambling business. Specific allegations in the lawsuit and the remedies sought by New York State have not yet disclosed further details.

According to Bitcoin Magazine, Bloomberg ETF analyst James Seyffart stated in a video interview with Bitcoin Magazine that trillions of dollars in advisory wealth are currently on the sidelines, and a slight increase in allocation could bring substantial new demand for Bitcoin ETFs. He mentioned that the daily inflow of funds into Bitcoin ETFs once approached $1 billion.James Seyffart pointed out that strict rules from large brokerages like Morgan Stanley and JPMorgan are still limiting financial advisors from purchasing Bitcoin ETFs for their clients, with the target allocation being too low as the main constraint. Many advisors have previously chosen to wait for the bear market to end before entering the market. He emphasized that approximately $30 trillion to $40 trillion in advisory wealth is a long-overlooked data point.He also discussed the cost benchmarks for Bitcoin ETFs, whether ETF fund flows can truly drive Bitcoin prices, who is selling between spot holders and ETF investors, the closing of hedge fund Bitcoin basis trades, and whether Bitcoin ETFs are expected to surpass gold ETFs. He believes the impact of the four-year cycle is diminishing, and Bitcoin is increasingly viewed as a risk asset.

Bloomberg reported that China's push for a leading position in global AI is increasingly benefiting companies that supply products to other regions of the world. Investors favor such stocks, while intense competition harms peers that rely more on the domestic market.Bloomberg tracks an index of 30 Chinese tech stocks with the largest overseas revenue exposure, which has a return rate of 36% this year, compared to a return rate of 9% for stocks that rely more on local sales. Export-oriented companies are expected to achieve the strongest performance reading ever this year compared to another group.

Bitcoin News posted on the X platform that Bloomberg senior commodity strategist Mike McGlone stated that U.S. Treasury bonds with a 5% yield now have the value to sell Bitcoin for allocation.

Bloomberg ETF analyst Eric Balchunas stated that Bitcoin ETFs have advantages over gold ETFs, including the fact that the Bitcoin investor demographic is younger; as the market matures, volatility decreases, and correlation with other assets stabilizes, Bitcoin will attract more large institutional adoption.In addition, Bitcoin ETFs have stronger market enthusiasm and sales resources, with dozens of wholesalers familiar with both the crypto market and traditional investors currently promoting and educating the market, while gold ETFs lack similar promotional strength.

Cointelegraph cited Bloomberg reporting that the Federal Reserve is expected to raise interest rates for the first time since 2023, a move that may strain the relationship between Chairman Kevin Walsh and President Trump.

According to Bloomberg, citing informed sources, Binance announced in June plans to exit the European Union, and the market generally expected it to be forced out due to not obtaining a MiCA license. However, the July 1 deadline has passed, and Binance is still maintaining operations in the EU through various means.European Central Bank President Christine Lagarde personally intervened to push for Binance's application, which was not approved, and Binance has withdrawn its license application in Greece. Previously, users in six EU countries with local entities were asked to migrate away from the platform, and some users later regained trading access through "reverse solicitation" clauses. Binance has also routed some EU users' trades to its Abu Dhabi entity, which is under different regulations.Currently, the European Securities and Markets Authority has sent a letter requesting confirmation of its orderly exit progress. Binance stated that it is committed to achieving long-term compliant operations under the MiCA framework. Data shows that its global spot trading volume share exceeds 45%, with the euro-denominated trading share around 3% to 4%, which has not changed significantly from before.

Bloomberg ETF analyst Eric Balchunas posted that over the past 6 months, Bitcoin's correlation with the U.S. stock market has been lower than that of gold, small-cap stocks, emerging market assets, and U.S. Treasuries.He stated that Bitcoin's historical correlation with U.S. stocks has roughly maintained around 0.4, while gold and U.S. Treasuries have seen a significant increase in their linkage with U.S. stocks recently.Balchunas noted that although this time window is relatively short, it is sufficient to refute the claim that "Bitcoin is just another QQQ."