News
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Asia News
Asia is the largest part of the world by both population and territory, and consists of 54 countries. Over 60% of the world’s population lives there. Together with Europe, Eurasia comprises the largest continent across the globe. Over recent decades, the region has become very attractive in almost every way. It has a huge number of industries in all sectors, a cheap labor force, etc., which makes local companies very attractive for investors and in turn, also helps to benefit the Asian economy. As many countries are developing or are already developed in Asia, the stock markets of this region are currently operating as fast as the American stock markets. Besides that, people receive a high-leveled education that is also available for foreigners through special programs like the Asia Society and so on.
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MetaComp’s Pre-A+ funding round, backed by Alibaba and Spark Venture, brings the total capital raised to $35 million, with aims to expand its StableX Network globally.
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The National Tax Service has opened a procurement bid for a platform to analyze crypto trading data and flag potential tax evasion.
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Authorities sold the recovered Bitcoin in small batches over 11 days to avoid disrupting the market, according to local media reports.
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A proposed law would require online investment influencers to reveal their holdings and paid promotions, with penalties potentially comparable to market manipulation violations.
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The Bank of Korea proposed a bank-led consortium and a statutory interagency body for issuer approvals, citing the US GENIUS Act as a model, according to local media.
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Japan’s SBI Holdings has signed a letter of intent to buy a controlling stake in Singapore-licensed crypto exchange Coinhako.
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Metaplanet reported about $40 million in operating profit but still recorded a $619 million net loss amid the Bitcoin price drop.
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Hong Kong’s SFC will allow licensed brokers to offer digital asset margin financing and set a framework for crypto perpetuals for professionals.
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Bitcoin’s double-digit rebound and brief trading above $72,000 may confirm $60,000 was the bottom, but data shows top traders are refusing to open longs.
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South Korea’s financial watchdog detailed planned investigations into high-risk trading tactics as it prepares the next phase of crypto regulation, Yonhap News Agency reported.
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Recent volatility reviews, new surveillance systems and a landmark court ruling show how South Korea is enforcing stricter oversight of crypto markets.
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Strium will begin with synthetic US and Japanese stocks and commodities before expanding to real tokenized shares and asset-backed products with identity verification.
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Hong Kong's monetary authority said only a small number of stablecoin issuers will be approved initially, as application reviews near completion.
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An official said that Hong Kong authorities would work on a draft framework, and had begun processing license applications for stablecoin issuers and addressing crypto taxes.
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