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Bank of Korea urges regulators to limit won-denominated stablecoin issuance
The Bank of Korea has urged regulators to limit the issuance of won-denominated stablecoins to licensed commercial banks only, highlighting concerns over money laundering and financial stability. This move reflects a broader regulatory trend, as […]
Step Finance shuts down after $40M security breach
Step Finance has ceased operations after experiencing a security breach that resulted in a $40 million loss. This event is part of a broader trend where decentralized finance (DeFi) platforms, particularly those built on Solana, […]
Metaplanet reports $605M loss after Bitcoin decline
Metaplanet has reported a staggering $605 million annual loss attributed to a significant decline in Bitcoin’s value from its October peak. Having purchased its $2.4 billion Bitcoin cache at an average of $107,000 per coin, […]