Decentralized Stablecoin Infrastructure Perena Completes Echo Round Financing
Foresight News reports that decentralized stablecoin infrastructure Perena has completed an oversubscribed Echo round of financing, with participation from Susquehanna, Native Crypto, Hermeneutic Investments, and others. The specific amount has not yet been disclosed. According to the official statement, this round attracted participation from over 350 investors and was fully subscribed within minutes.
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Korean retail investors shift to the US in Q3: Sold over 5.5 trillion won of Korean stocks, purchased more than 10 trillion won of US stocks
In the third quarter, Korean retail investors made net purchases of US stocks worth approximately 10.15 trillion won, marking a complete reversal from the previous pattern in the first half of the year, when they made net purchases of nearly 100 trillion won in KOSPI stocks. In September alone, the sell-off amount reached as high as 14.2 trillion won. Analysts attribute this shift to a combination of factors: a sharp decline in KOSPI at high levels, the continued strength of the US stock market driven by AI themes, and the appreciation of the Korean won reducing currency exchange costs.
