Author: NBTC

South Korea’s Fair Trade Commission (KFTC) has cleared Mirae Asset Consulting’s acquisition of Korbit, paving the way for the first takeover of a domestic won-based digital asset exchange by an affiliate of a major financial group. Under the deal, Mirae Asset Consulting will acquire a 92% stake in Korbit for approximately 133.4 billion won ($88.5 billion). The KFTC determined that the acquisition would not substantially reduce competition because of Korbit’s relatively small market position. The exchange held just 0.5% of South Korea’s crypto trading volume last year. The regulator said Korbit’s limited scale and the market’s existing concentration mean the…

Vladimir Tenev, CEO of Robinhood (Nasdaq: HOOD), has acknowledged that the Robinhood Chain performs well for memecoin projects, even as the company continues to position the blockchain for real-world asset (RWA) tokenization. His comments follow a dramatic 950% surge in the price of $CASHCAT, a memecoin built on the Robinhood Chain, over the past 24 hours. Contrasting Priorities Tenev’s latest remarks appear to soften his earlier stance on memecoins. On July 3, he stated that the future of digital assets lies in RWAs, arguing that bringing proven real-world assets on-chain is more valuable than creating tokens without tangible utility. At…

The technical outlook for Bitcoin has started to generate optimistic signals again. In recent analyses, the fact that Bitcoin’s long-term MACD histogram has moved back into the positive zone is considered a reliable buy signal in the market. However, analysts emphasize that for this signal to translate into a strong and sustained bull market, Bitcoin needs to break through the critical resistance zone between $65,000 and $80,000. According to the analysis, the positive turn in the long-term MACD histogram suggests that the recent recovery in Bitcoin may not be just a short-term reaction. It’s noted that this indicator has historically…

Nasdaq halted trading in Sadot Group (SDOT) five times this morning as its shares collapsed as much as 72% from yesterday’s close. The plunge followed a report from short-seller Fugazi Research, which declared that the company has “no meaningful fundamental value and is unsuitable for investment.” The Nasdaq-listed agri-food company, once a burger chain known as Muscle Maker Grill, still has large financial obligations and evidently collapsing investor confidence. By late morning in New York, the stock changed hands near $14, down about 65% from Tuesday’s $40.00 close. It briefly traded down to an intraday low of $11.01, or 72%…

Erik Voorhees, the founder of the cryptocurrency exchange ShapeShift, has staked 341,690 $VVV tokens, valued at approximately $3.98 million, on the Venice platform. The transaction was identified by blockchain analytics firm Onchain Lens. Timing and Context of the Stake The staking event occurred roughly nine hours after Voorhees claimed staking rewards of 3,630 $VVV, worth about $42,320. This sequence of actions suggests a deliberate reinvestment strategy, where rewards are quickly redeployed to maintain or increase staking positions. The timing, while notable, does not inherently signal a specific market event but reflects active participation in the Venice ecosystem. What is $VVV…

Paxos says the SEC has ended its investigation into $BUSD without recommending an enforcement action, giving the stablecoin sector a rare piece of regulatory relief in the United States. For more details, visit the official Paxos platform. TL;DR Paxos says the SEC will not recommend enforcement in its $BUSD investigation. The decision removes a major legal question around one of the market’s former top stablecoins. The closure comes as stablecoin regulation is becoming more formal in the U.S. and Europe. The $BUSD case mattered because it sat at the intersection of stablecoin issuance, exchange branding, and U.S. securities law. If…

Russia’s largest private bank,Alfa-Bank, plans to offer crypto-related services after Russia’s new digital currency rules take effect. The bank wants to become a regulated digital depository and serve its own clients as well as other legal entities. The plan places Alfa-Bank in the same field as state-linked and large digital banks that are preparing licensed crypto access. Dmitry Vitman, chief operating officer at Alfa-Bank’s corporate and investment business, said the bank must first build its own custody base. “Alfa-Bank plans to offer various services related to digital assets. First and foremost, we need to create our own digital depository,” Vitman…

Viva Republica, the operator of South Korea’s leading fintech super-app Toss, has entered into a strategic memorandum of understanding (MOU) with Optimism (OP) and Sunnyside Labs to explore the development of a won-pegged stablecoin. The collaboration, first reported by Aju Business Daily, aims to build a blockchain-based payment and settlement infrastructure that meets institutional-grade security and regulatory standards. Strategic Partnership Details The three entities will conduct a proof-of-concept (PoC) over the next three months to assess the feasibility of integrating Optimism’s core technology, the OP Stack, into South Korea’s digital financial ecosystem. The OP Stack is a modular, open-source framework…

Bitcoin ($BTC) eyed new July highs on Friday as US-Iran peace momentum kept oil lower. Key points: Bitcoin bulls keep upside momentum going as $BTC/USD seeks a new multi-week record. Declining oil prices and US dollar strength contrast with crypto market rebound. $65,000 is now “crucial resistance” to be tackled, says analysis. Bitcoin reaches $64,350 as dollar strength, oil drop Data from TradingView showed $BTC/USD climbing above $64,000, coming within $400 of new three-week highs. $BTC/USD four-hour chart. Source: Cointelegraph/TradingView Amid ongoing hopes that the US-Iran peace deal could be salvaged, US WTI crude oil stayed lower after rejecting from…

Decentralized finance (DeFi) tokens have held up unusually well against Bitcoin over the past month, suggesting the market may be “quietly re-rating” the sector, says crypto index fund maker Bitwise. Bitcoin (BTC) fell about 22% in June, while Bitwise’s index tracking tokens from major DeFi protocols fell only 4% over the same period, Bitwise said in a report Thursday. “DeFi usually swings much harder than Bitcoin, so holding up this well is unusual, and almost no one is talking about it,” it said. DeFi tokens have a reputation for being highly volatile during crypto market swings, as they’re the first…