Category: crypto

Upbit, South Korea’s largest cryptocurrency exchange, is nearing a potential listing on Nasdaq through a multibillion-dollar merger with tech giant Naver. The deal, expected to be approved on November 26, would give Naver control over more than 70% of the country’s crypto trading volume and potentially lead to a U.S. listing. Other crypto companies are…

A known Cardano bug was exploited through a crafted transaction, causing a network split and halting ADA on major exchanges. This incident led to an investigation and key resignations, with a developer admitting responsibility. Emergency patches were deployed to resolve the issue, and the network eventually reached consensus.

Major US inflation and jobs reports are set to be released this week, potentially increasing volatility in stocks and crypto markets. Analysts are closely watching the data to assess Federal Reserve policy expectations as liquidity decreases. The reports come amid heightened market sensitivity to economic indicators and uncertainty.

South Korea’s Financial Intelligence Unit is preparing to penalize local crypto exchanges for anti-money laundering control lapses. Upbit was fined 35.2 billion won, with other exchanges like Korbit, GOPAX, Bithumb, and Coinone likely to face penalties. Offshore platforms like KuCoin were also blocked for non-compliance, with sanctions expected by early 2026.

Animoca Brands has received initial approval from ADGM’s FSRA to pursue a fund management license in Abu Dhabi. The company aims to become a regulated fund manager by meeting capital, compliance, and operational requirements. This aligns with its expansion in the UAE and supports its global web3 investment initiatives.

Bitcoin rebounded over the weekend after significant losses during the week, driven by factors such as thin market liquidity, CME futures gaps, and geopolitical developments. Altcoins like Hyperliquid and Zcash also saw losses. Weekend trading volumes are lower due to closed Wall Street ETFs, leading to increased volatility and price impact. Talks on Ukraine peace…

Animoca Brands has received in-principle approval to establish a fund management business in Abu Dhabi, adding to its regulated operations in the UAE digital asset sector. This follows previous approval for a crypto brokerage license in Dubai. The company’s expansion reflects the UAE’s emergence as a global hub for regulated digital asset activities.

Pump.fun is back in the spotlight with new on-chain activity raising questions about its finances. The project transferred over $400M in USDC, with private placements totaling $720M, giving insiders a large share of PUMP supply. Trading below ICO price, analysts predict further declines amid weak market sentiment and legal pressure.

XRP price rebounds and faces resistance, showing bullish signs on the hourly chart. The cryptocurrency broke above a key moving average during recovery, testing resistance levels. Technical analysis suggests potential for further gains if resistance is cleared, but failure could lead to a fresh decline towards prior support zones.

Grayscale’s Dogecoin and XRP exchange-traded funds have been approved for listing on the New York Stock Exchange. The GXRP and GDOG ETFs will offer direct exposure to the prices of XRP and Dogecoin, respectively. Analysts expect high trading volumes for GDOG, with other altcoin ETFs potentially in the works.