Naver Monetary, Naver’s fintech arm, will purchase Dunamu Inc., the operator of South Korea’s largest crypto alternate, Upbit, in an all-stock deal valued at about US$10.3 billion. The acquisition is geared toward securing future development engines by tightly integrating crypto and funds companies into Naver’s ecosystem, as Upbit dominates overContinue Reading
Japan’s FSA plans to require cryptocurrency exchanges to carry legal responsibility reserves to guard customers from hacks and system failures. Excessive-profile breaches at exchanges together with DMM Bitcoin and Bybit underscore the pressing want for stronger safeguards. Proposed reforms additionally embrace potential crypto reclassification, stablecoin pilot applications, and elevated financialContinue Reading
Hong Kong’s SFC now permits licensed crypto exchanges to attach with affiliated world platforms to share order books with the intention to enhance market liquidity and competitiveness. The brand new framework permits routing or consolidating orders with world books and relaxes itemizing guidelines for stablecoins and sure tokens provided toContinue Reading
Australia introduced draft legislation to bring crypto platforms under the Australian Financial Services License (AFSL) regime, integrating them into existing financial services law. The proposal introduces two new categories—digital asset platforms and tokenised custody platforms, moving oversight for most exchanges from AUSTRAC to ASIC. The framework extends obligations to servicesContinue Reading
The Royal Canadian Mounted Police (RCMP) has seized more than C$56 million (AU$62 million) in digital assets from the cryptocurrency exchange TradeOgre, making it the largest crypto seizure in the country’s history. It followed a year-long investigation that found the exchange was allegedly operating without registering as a money servicesContinue Reading
The crypto exchange Gemini is raising the price target for its initial public offering (IPO), now aiming for a valuation of over US$3 billion as it prepares to debut on Friday under the ticker GEMI. The company’s revised SEC filing shows it plans to sell 16.67 million shares at aContinue Reading
Garantex, Grinex, and executives face sanctions for allegedly processing over US$100 million (AU$153.97M) in illicit cryptocurrency. The exchange reportedly moved hundreds of millions in criminal proceeds linked to hacking, ransomware, terrorism, and drug trafficking. A7A5 stablecoin issuer Old Vector and subsidiaries were sanctioned, connected to Promsvyazbank and other sanctioned RussianContinue Reading
Bullish secured US$1.1B in its IPO, debuting at a US$5.4B valuation. Shares surged 84% on opening day, lifting co-founders Brendan Blumer and Kokuei Yuan’s net worths above US$2B each. Launched in 2021, the exchange has facilitated over US$1.25T in trades across spot, margin, and derivatives markets. Cryptocurrency exchange Bullish hasContinue Reading
