Category: crypto

Plume and Shinhan Asset Management signed an MOU to test a KRW-denominated tokenized fund using Shinhan’s ultra-short-term bond assets offshore. The proof of concept excludes Korean residents, aims to assess offshore market potential, and will benchmark BlackRock’s BUIDL model. The project involves technical and compliance tests and does not commit to a commercial issuance.

HTX and the UK Financial Conduct Authority are in settlement talks over alleged breaches of UK crypto promotion rules, with court proceedings paused until late August. The FCA sued HTX in October for targeting UK consumers without authorization. HTX also faces sanctions linked to alleged Russia-related financial activity.

Upbit and Bithumb will delist Storj (STORJ), JasmyCoin (JASMY), and ThunderCore (TT) on September 14 due to unresolved issues. Upbit announced the delisting first, with Bithumb following suit. Withdrawals are available until October 14. Storj Labs filed for Chapter 11, while ThunderCore disputes the concerns raised by the exchanges.

South Korean lawmaker Park Soo-young is urging the government to withdraw the planned 22% tax on crypto gains before it takes effect on Jan. 1, 2027. He argues that the tax unfairly targets 13 million crypto users while investment taxes on domestic stocks have been scrapped. The government is preparing to implement the tax despite…

The Blockchain Association supports Custodia Bank’s Supreme Court petition challenging the Federal Reserve’s denial of master account access. Custodia argues that regional Fed banks should not have the discretion to reject accounts for eligible state-chartered institutions. The outcome of the case could impact banking access for lawful industries.

BitGo Holdings reported a 79.6% increase in revenue to $4.33 billion in the second quarter, led by digital asset sales. Despite a $19 million net loss and a decrease in workforce, client count grew by 26% to 5,833. The company also announced the resignation of CFO Ed Reginelli and expects flat revenue in Q3.

A Security researcher discovered three Zoom vulnerabilities that could allow attackers to take control of a participant’s device without their action, posing a risk to crypto users. The exploit, called Zoomsday, could lead to theft of personal information. Zoom released fixes, but users must update their apps.

South Korea approved new risk-based controls for transfers to overseas exchanges and self-hosted wallets. Exchanges must monitor transfers of 10 million won or more for suspicious activity. Low-risk exchanges are permitted while high-risk ones can be prohibited. The new rules aim to prevent money laundering without overly restricting transactions.

Mirae Asset Group plans to inject 50 billion won into the operator of South Korean crypto exchange Korbit following its recent acquisition. The capital increase aims to improve Digital X’s financial structure and meet management funding needs. The investment comes as Mirae implements its post-acquisition strategy to strengthen the exchange’s position in the market.

Hyperliquid opened access to its low-latency data infrastructure for qualified third party infrastructure providers, with pricing below $1,000 per month. Providers must meet certain criteria and follow rules to ensure fair access. This change aims to improve trading infrastructure and data quality on Hyperliquid’s platform, benefiting smaller teams and developers.