A Seoul court convicted Jeong Sang-ho on reduced charges after ruling key evidence inadmissible in a $176 million fraud case. A Seoul court sentenced Delio CEO Jeong Sang-ho to 15 years in prison for defrauding investors of approximately $49 million. The ruling followed a
The bank will test real-time settlement of Japanese government bonds using the Canton network to cut processing time from days to seconds. Mitsubishi UFJ Financial Group will launch a proof-of-concept to settle Japanese government bond trades on blockchain, aiming to reduc
Brazil’s largest bitcoin treasury firm unveils DIGY11 ETF targeting CDI plus 3-5 percentage points in annual distributions. Brazil’s OranjeBTC will introduce the DIGY11 ETF, allocating 95% of its portfolio to Strategy’s STRC preferred shares and 5% to Strive’s SATA. The fu
Nearly 9% of Bitcoin supply clusters around $62,000-$65,000, pressuring prices as speculators seek breakeven exits. Bitcoin’s failure to breach $68.7K stems from short-term holders selling into rallies to recoup losses. These investors, holding BTC acquired in the past six
Tokyo-listed firm introduces unsecured bonds yielding up to 4.3% as a new bitcoin-linked funding tool. Metaplanet, a Tokyo-listed bitcoin treasury company, completed its first private debt sale under its new BitBonds program, raising 200 million yen ($1.3 million). The uns
Hyperliquid opens data nodes to infrastructure providers Hyperliquid Foundation has made its low-latency on-chain data nodes available to qualified infrastructure providers. The move allows these providers to offer access at standardized pricing, which is currently un
Traders shift focus to upcoming Federal Reserve decisions after U.S. inflation figures meet expectations but fail to spur momentum. Bitcoin declined to near $63,500, retreating over 0.5% on the day and nearly 2% for the week. The move follows a U.S. inflation report that a
June’s annual UK economic expansion surpassed expectations, though monthly growth slowed from May’s revised figures. The UK economy grew 1.1% year-on-year in June, exceeding the 0.8% consensus forecast but easing from May’s revised 1.2% expansion. The data reflects a modes
US July core CPI at 2.5% met expectations, stabilizing crypto markets with minimal price movement in major assets. Bitcoin traded at $63,830, up 0.33%, as US July core CPI data matched the 2.5% consensus, easing market volatility without triggering significant price swings
New regulations require exchanges to verify ownership, transaction purpose, and fund sources for transfers over $7,000. South Korea has tightened oversight of cryptocurrency transfers to offshore platforms following the removal of Bybit, MEXC, and HTX apps from Google Play
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