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Jinse Finance reported that South Korean audit authorities have discovered that approximately 269 individual crypto traders received a total debt reduction of over $15 million from the government’s “New Start Fund” established for small and medium-sized enterprises after the pandemic. Among them, one beneficiary, after receiving a $62,000 reduction and a 77% debt cut, still held about $307,000 in crypto assets. Regulators stated that under the current system, it is difficult to verify crypto assets unless voluntarily declared. Legislative amendments have already been promoted, aiming to grant Korea Asset Management Corporation (KAMCO) the authority to inquire about beneficiaries’ unlisted stocks and crypto assets without consent, in order to prevent similar situations from occurring again.

According to Jinse Finance, citing Bloomberg, major Wall Street banks such as Goldman Sachs, JPMorgan, and Morgan Stanley are selling structured products linked to BlackRock's spot bitcoin ETF (IBIT) to high-net-worth clients. Since Jefferies issued the first related note in the U.S. in July, multiple institutions have followed suit, with cumulative sales exceeding $530 million, indicating that bitcoin is rapidly entering the mainstream financial product system.