Binance Absorbs Korean Exchange in $10.3B Deal
Naver Financial is acquiring Dunamu, operator of Upbit, in a $10.29 billion all-stock deal pending South Korean regulatory approval. #Update #Crypto
Crypto Exchanges
Focuses on platforms where cryptocurrencies are bought, sold, or traded, including features, security measures, and exchange rates.
Crypto Giant Naver Upbit Launches $13B Venture
@Naver and @Dunamu merge in a $13.6B deal to create a fintech ecosystem integrating digital payments, crypto trading, and AI services, paving the way for stablecoins and tokenized assets. #Update #Crypto $BTC $ETH
Altcoins Subdued as MON Surges on Upbit Listing
Crypto markets remain in “extreme fear” with Bitcoin stable; altcoins muted. However, newly listed token $MON surged on Upbit, driven by Korean traders. #Update #Crypto $MON
Bitcoin Rewards Debit Card Launches by Kraken
Kraken launches the Krak Card, a Bitcoin rewards debit card for UK and EU users, offering 1% cashback in Bitcoin or fiat. Expansion to more regions is planned. #Update #Crypto
Binance Accused of Terror Financing
Victims of the October 7 Israel attacks have sued @Binance and founder CZ, alleging facilitation of $1 billion in crypto transactions to Hamas. #Breaking #Legal
KuCoin Gains AUSTRAC Approval in Australia
KuCoin has registered with AUSTRAC, allowing it to legally operate as a digital currency exchange in Australia, offering fiat on-ramps and advanced crypto services. #Update #Legal
Binance Faces Allegations of Hamas Financing
@Binance and founder Changpeng Zhao face a civil lawsuit in US federal court for allegedly aiding Hamas and Hezbollah in laundering millions, despite a prior $4.3B DOJ settlement. #Breaking #Legal $BNB
Binance Sued Over Hamas Transactions Allegations
@Binance and co-founder Changpeng Zhao face a lawsuit alleging the platform facilitated transactions for Hamas, impacting over 300 families of U.S. victims. #Breaking #Legal
Upbit Launches Nasdaq Bid Post Naver Merger
South Korea’s top crypto exchange @Upbit is planning a Nasdaq listing following a merger with tech giant Naver, aiming for global expansion. #Update #Crypto
Upbit Dunamu Naver Vote on Merger
Dunamu and Naver Financial plan a merger worth $13.8 billion, potentially leading to a Nasdaq listing valued at $34.5 billion. #Update #Crypto
Binance Japan Launches Paypay for Crypto Trading
@BinanceJapan integrates Paypay Money and Points for instant crypto transactions, enhancing spot-market activity with 24/7 trading and updated mobile apps. #Update #Crypto
Coinbase Executes Major Wallet Migration Upgrade
@Coinbase initiated a routine fund migration to new internal wallets, enhancing security and reducing exposure; no breaches reported. Users warned of potential scams during the process. #Update #Crypto $BTC $ETH
Coinbase Executes Major Internal Wallet Migration
@Coinbase is migrating funds to new internal wallets as a routine security measure, unrelated to any breaches. Users are warned of potential scams during this process. #Update #Crypto $BTC $ETH
Bitcoin Surges to Pre-FTX Levels
Bitcoin’s realized losses surge to levels last seen during the FTX collapse, driven by short-term holders as BTC trades over 3.5 standard deviations below its 200-day moving average. #Update #Crypto $BTC