Blockchain smart contract platform Aergo (AERGO) announced it has signed a strategic partnership with Fingerlabs, a subsidiary of KOSDAQ-listed FSN. On the 19th (local time), Aergo said on its official blog that it had entered into the partnership with Fingerlabs. Through the partnership, the two companies plan to provide mutual technical support to expand the Web3 and blockchain ecosystem and take the lead in building blockchain infrastructure. The Aergo blockchain has been recognized for its stability and transaction throughput across various blockchain ecosystems, particularly in the public sector. In fact, the Aergo Foundation has strengthened its foothold in public blockchain services by participating in the South Korea government-led 'Blockchain Trust Framework.' Meanwhile, Fingerlabs has worked with major conglomerates and blockchain companies by launching innovative solutions to lower barriers to entry into the Web3 ecosystem. Notably, it has continued collaborations with well-known South Korean companies such as SK Planet, Lotte Home Shopping, SK Networks, and Wemade, demonstrating a strong commitment to expanding the Web3 ecosystem. As a result, the partnership is expected to generate synergies between Fingerlabs' diverse Web3 solutions and the Aergo Foundation's robust blockchain infrastructure.

An analysis has suggested that today’s crypto-asset (cryptocurrency) market is similar to the U.S. stock market in the early 1900s. On the 19th (local time), Jamie Coutts, a crypto-asset market analyst at Bloomberg Intelligence, said, "The current crypto-asset market shares many similarities with the U.S. stock market in the early 1900s," adding that "stocks at the time posted explosive growth unlike any other asset class." He went on to emphasize, "In the early 1900s, the United States grew into a global economic superpower and drew in capital. The current crypto-asset ecosystem is also on an upward trajectory." Above all, Coutts said he expects the spot Bitcoin ETF, which is anticipated to be approved in early next year, to spur massive capital inflows over decades. In addition, the U.S. stock market in 1933–1934 operated under a lax regulatory environment and was maintained under the dominance of some large investors—an aspect that is also quite similar to today’s crypto-asset market.