Korea Market

PANews

2026-10-17 01:31:09

PANews weekly selection highlights Blur and StandX exits, Story’s pivot, and pressure in Korea

PANews’ weekly roundup pulled together a broad set of stories spanning AI safety, macro pressure, crypto market structure, project shutdowns, and selected industry headlines. Among the most notable items, Blur said it will shut down its front end in November 2026, while its NFT lending protocol Blend will also stop matching new loans. StandX, meanwhile, chose to cancel its token generation event and wind down operations, using a DUSD airdrop to compensate its community instead of issuing a token. Story Protocol was also featured after DATA Network received a $30 million investment from the Sui Foundation and moved toward becoming a Sui-native protocol, with its original public chain set to retire. PANews said Story, once valued at $2.25 billion, has now gone through two pivots in three years. The roundup also pointed to stress in Korea, where the stock market has dropped 32% in four months, foreign capital reportedly pulled out 156 billion yuan in one month, and concerns have resurfaced over leverage among retail investors as the memory and semiconductor trade weakens. Other featured topics included calls from 420 AI scientists to physically isolate high-risk models, Base-based x402 payments for AI agents, MSCI rule changes affecting 14 crypto-related companies, Zcash network upgrades, and a slate of market and policy headlines.

150

Policy and Re

2026-08-02 09:27:44

CICC says global AI-linked assets have pulled back since mid-to-late June, with Korea seeing the sharpest move

CICC said global AI-linked assets have seen a clear pullback since the middle to late part of June, according to a report cited by Jinshi. The firm said the Korean market has been hit the hardest in this round of declines. CICC attributed the retreat to high leverage, crowded positioning, and macro factors. It also said investor concern over an AI bubble is rising, drawing a comparison to the period before the 2000 technology stock bubble burst. In CICC’s view, market stabilization and a new round of gains would depend on several conditions: the unwinding of crowded trades and high leverage, easing expectations for Federal Reserve rate hikes, and fresh catalysts from earnings reports and industry developments.

1990