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
Nextrade is increasing its problem to the Korea Alternate by creating Okay-pop copyright tokens and superior market options to distinguish its platform. The trade’s robust early momentum stems from longer buying and selling hours, rising retail participation, and fast progress in each day turnover. Regulatory limits on buying and sellingContinue Reading
A South Korean digital asset custody firm, BDACS, has launched KRW1, a stablecoin fully backed by the South Korean won, on the Avalanche blockchain. Each KRW1 token is backed one-to-one with reserves held at Woori Bank, one of the country’s largest commercial banks, with a real-time verification system to ensureContinue Reading
South Korea’s Financial Services Commission (FSC) has ordered all local crypto exchanges to suspend the launch of new lending services. The ban is in response to rising investor risks, citing high volatility and a recent case where a surge in liquidations at the exchange Bithumb led to significant losses forContinue Reading
Parataxis Holdings will go public and acquire South Korea’s Bridge Biotherapeutics, rebranding it as Parataxis Korea to establish a direct presence in the Korean market. The company plans to build a US$640 million Bitcoin treasury, positioning itself as a major institutional BTC holder targeting both US and Korean investors. TrumpContinue Reading
