South Korea’s main stock exchange will begin a trial of evening trading next Monday, extending trading hours for nearly all local stocks to 8 p.m. from the regular 3:30 p.m. close on Sept. 13.
The change is described as the first among major Asian exchanges. It is also one step in the exchange’s plan to move toward 24-hour trading by December 2027. The extended session will test whether the market can maintain enough liquidity once hours are lengthened, and whether investors have real demand for additional trading time.
Lee Young-jae, a senior investment manager at Pictet Asset Management in London, said a longer trading window could give investors more flexibility and may draw in more trading-oriented investors, higher-turnover participants and hedge funds. Edward Kim, head of Korea equity sales at Bank of America, said the move marks another step in the development of Korea’s capital market and in improving access for global investors.
Strategy moves ahead of Block in market value
On Sept. 11, BitcoinTreasuries.NET said Bitcoin treasury company Strategy (MSTR) had surpassed Jack Dorsey’s Block Inc. (XYZ) in market capitalization. It now ranks No. 217 among publicly listed U.S. companies by market value.
Bitcoin sentiment hits its highest level since March 2024
CryptoQuant analyst Darkfost said the latest Bitcoin rally pushed investor sentiment to its most optimistic level in nearly two years. A related sentiment gauge briefly rose above 89, entering the “extreme greed” zone. The last time a similar reading appeared was in March 2024.
Darkfost said periods of overly optimistic or overly pessimistic sentiment are often worth watching for possible market turning points. The indicator has since pulled back from earlier overheated levels and is gradually returning to a more normal range, while Bitcoin is trying to hold its current price area.
Hyperliquid buys back and burns 32,770 HYPE
Onchain Lens said Hyperliquid bought back and burned 32,770 HYPE over the past 24 hours at an average price of $81.01, for a total value of about $2.65 million.
So far, Hyperliquid has burned about 48.57 million HYPE in total. At the current price, that amounts to roughly $3.82 billion, or 4.86% of HYPE’s maximum supply.
SBF loses appeal as the case turns to a pardon decision
CoinDesk reported that the legal battle involving FTX founder Sam Bankman-Fried is entering its final stage. Bankman-Fried, who was sentenced in March 2026 to 25 years in prison on multiple fraud counts, had his appeal of the criminal conviction rejected by the U.S. Court of Appeals for the Second Circuit in June that year.
Earlier, in April, he tried to seek a retrial on the grounds that he could not get a fair trial. He later chose to withdraw that motion for now, while keeping open the option to file it again in the future.
The direction of the case now depends on the final outcome of his pardon request. The Senate voted unanimously in July this year against granting clemency to Bankman-Fried. Even while serving time in federal prison, he still faces an asset forfeiture order of more than $11 billion. Under the current sentencing framework, he would not become eligible to apply for early release until around 2044.
Market calls and position changes
A whale trader known as “Set 10 Big Goals First” wrote on X after the release of U.S. CPI data that Bitcoin did not fall below $74,000 and that the bullish trend remained unchanged.
The same account had previously said: “Next, I’ll look for opportunities to get long positions back. This round of trend has come more aggressively than I originally expected, so there may be room to be bolder about what comes next. I don’t think it’s too late to get back in at $80,000 or even above $80,000. There is still room. $100,000 will most likely arrive earlier than I had originally expected. Once it gets to $100,000, we can reassess how far this trend can go.”
BTC.TOP founder Jiang Zhuoer said on X that he had sold 100% of his BTC position at $77,226.
Lookonchain also said whale address 0xedcd, which previously made more than $10 million by going long ETH before the market rose, has now switched to a short BTC position. The address opened a 4x leveraged short on 640 BTC worth about $49.33 million.
Robinhood stock tokens draw fresh scrutiny
AMC Entertainment CEO Adam Aron again publicly questioned Robinhood’s stock token business and raised several questions to Robinhood CEO Vlad Tenev and chief legal officer Dan Gallagher.
Aron challenged Robinhood’s use of a Jersey entity to issue the products, as well as the claimed 1:1 backing mechanism for the underlying shares. He also asked whether tokens could still be considered 1:1 backed if the real shares supporting them were lent out to short sellers.
Aron also said stock tokens do not carry shareholder rights such as voting rights that come with actual shares.
According to Robinhood’s official materials, Stock Tokens are issued by Robinhood Assets (Jersey) Limited and are tokenized debt securities. They do not give holders ownership of the underlying shares, but each token is backed 1:1 by the corresponding stock. The product is not offered to U.S. persons.
