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BlockBeats News, January 16, the Solana-based leveraged prediction market Space has raised over $14 million in its public sale, exceeding the target by 567.58%, with less than 13 hours remaining until the end of the sale. It is reported that this public sale is offering $2.5 million worth of tokens at a fixed $50 million FDV. After reaching the target, the sale will continue and the FDV will increase linearly up to $69 million. After the public sale ends, participants will receive tokens at a unified price calculated based on the final results.

Jinse Finance reported that major securities exchanges in South Korea are in discussions with financial regulators, considering easing the ban on high-risk leveraged exchange-traded products (ETPs). Despite a historic surge in the domestic stock market, it has still failed to attract retail funds back to the local market. According to the CEO of the Korea Exchange, the exchange is studying a gradual relaxation of related restrictions. Currently, these regulations prohibit high-risk products such as single-stock leveraged ETFs and funds that provide three times or more leveraged exposure to indices. This move highlights the dilemma faced by South Korea: although the benchmark Kospi index has surged 92% over the past year, investors continue to favor the US market. Regulators have pointed out that a significant reason for the weakening of the local currency is the large outflow of domestic retail funds into the US stock market.

According to Jinse Finance, market data shows that BCH has surpassed $600, currently trading at $600.1, with a 24-hour decline of 4.2%. The market is experiencing significant volatility, so please manage your risks accordingly.