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According to Golden Ten Data on May 15, this phenomenon has become a recurring feature in yen trading over the past few weeks, sparking heated discussions among investors and strategists: Are Japanese authorities attempting to curb further yen depreciation through small-scale operations? On Thursday, during the New York trading session, the yen-dollar exchange rate surged as much as 0.5% within just two minutes, only to quickly give back all its gains. A similar situation occurred on Tuesday, when the yen also suddenly appreciated significantly by roughly the same margin. On May 8 as well, the yen briefly rose 0.2% before reversing course. Although there is no definitive conclusion as to the exact cause of these fluctuations, traders are highly attentive, as such unusual moves may signal that Tokyo authorities are uneasy about the yen's weakness. Even the mere market expectation that authorities might intervene makes betting against the yen a risky proposition. “My interpretation of these recent moves is that Japan’s Ministry of Finance is uncomfortable with the USD/JPY exchange rate breaching the 160 level and wants to dissuade the market from testing that threshold again,” said Macquarie Group strategist Gareth Berry. “Even before the exchange rate reaches 160, the authorities are proactively launching ‘gentle’ countermeasures and ‘warning shots,’ all pointing to this intention.”

BlockBeats News, May 15th, the South Korea Financial Services Commission announced at the second Civil-Military Joint "Tokenized Securities Protocol Body" meeting that it will release subordinate regulations and guidelines related to tokenized securities in July this year. The tokenized securities framework will be officially implemented in February next year. The Financial Services Commission of South Korea plans to allow the issuance of investment securities tied to multiple assets of the same type, changing the current restriction which only allows the issuance of single assets (such as specific real estate). In the future, asset-pool products such as the "10 Seoul office building portfolio" are expected to be approved. The Commission emphasizes that it will promote progress based on maintaining market order and protecting investors, rather than pursuing strict regulation. At the same time, the authorities will refer to overseas cases to establish a phased roadmap for the tokenization of existing standardized securities such as stocks, bonds, and money market funds (MMFs). Currently, green bonds in Hong Kong, MMFs in the United States have achieved tokenized securities issuance, and the NYSE and NASDAQ are also preparing for pilot projects for tokenized stock trading. Regarding over-the-counter trading, the current annual investment limit on fractional investment platforms is between 10 million to 20 million South Korean Won, and the total annual sales amount on non-listed stock over-the-counter exchanges is 300 million Won. The government plans to establish limits to help expand early-stage market liquidity while ensuring systematic investor protection.

ChainCatcher news, according to Money Today, the South Korean Financial Services Commission will announce detailed rules for tokenized securities in July, in preparation for implementation in February next year. The country's financial authorities will allow various types of underlying assets to be bundled and issued as fractional investment securities, and will establish a roadmap for the tokenization of traditional securities such as stocks and bonds. The Financial Services Commission stated that previously, bundling underlying assets to issue fractional securities was prohibited, but it now intends to allow the bundling of similar assets within a certain scope. The Commission emphasized that market order and investor protection are fundamental prerequisites, but regulation will not be the main focus. The annual investment limit for platforms issuing fractional investment securities will be from 10 million to 20 million Korean won, and for crowdfunding, it will be 5 million Korean won per project, with a total limit of 10 million Korean won. The annual sales limit on the over-the-counter exchange for non-listed stocks will be 300 million Korean won, and for over-the-counter investment contract securities, it will be 40 million Korean won.