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ChainCatcher news, Mitsubishi UFJ Financial Group and its subsidiary Mitsubishi UFJ Morgan Stanley Securities officially announced the launch of blockchain-based digital asset business on October 9. As part of this strategy, Mitsubishi UFJ Morgan has begun handling bond-type security tokens (ST) and has partnered with fintech company Smart Plus to launch a security token trading service for individual investors called "ASTOMO." In its initial phase, the platform will offer real estate security token trading, allowing users to make small investments starting from 100,000 yen via a smartphone app. At the same time, Mitsubishi UFJ also announced preparations to issue public subordinated bonds in the form of security tokens, which will be the first attempt by a domestic bank in Japan.

ChainCatcher reported that Tom Lee this morning reposted the latest views on Ethereum from Mark Newton, an analyst at his fund. Mark Newton believes that the recent pullback in the crypto market is nothing to fear, and expects Ethereum to bottom out in the next 1-2 days, then rebound and rise again to $5,500. From September 25 to October 7, ETH experienced a strong technical rally, followed by only a slight three-wave correction, which is expected to end before October 11 and resume its upward trend. "Currently, ETH has retraced 50% of its recent gains, but it may continue to dip to the $4,200-$4,220 area, which will be an excellent support zone, after which ETH will turn upward again." It should be noted that although Mark Newton has previously made several accurate predictions about Ethereum's price movements, on September 16, he stated, "It is expected that ETH will not fall below the previous low of $4,233, and may drop to $4,418 or $4,375 this weekend, at which point I will take advantage of the weakness to buy the dip. ETH is expected to rise to $5,500 before mid-October." However, Ethereum subsequently briefly dropped to $4,054.