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South Korea’s largest cryptocurrency exchange, Upbit, is currently under scrutiny by regulators following a significant hack that led to the unauthorized withdrawal of approximately $36.9 million in assets on the Solana (SOL) network. The breach impacted over 20 different tokens and has prompted Upbit to freeze assets on its platform while an investigation unfolds. Lazarus Group Tied To Upbit Hack Authorities are now investigating the possibility of North Korean involvement in the cyber attack. Reports suggest that a group affiliated with North Korea’s intelligence agency, the notorious Lazarus Group, may have orchestrated the hack, which Upbit has described as an…

Crypto analyst ChartNerd has predicted that the XRP price could rally 10x if a specific trend repeats. The analyst also revealed what needs to happen for the altcoin to invalidate this potential parabolic rally.   XRP Price Could Rally 10x If This 2017 Pattern Plays Out In an X post, ChartNerd predicted that the XRP price could rally 1,000% if a bullish pattern from the 2017 bull cycle plays out. The analyst noted that during the 2017 euphoric run, the altcoin had a 3-month cool-off period where it successfully dropped towards its 3-month 20-EMA for a retest before a 25x move…

In brief KakaoBank is building the systems needed to support a KRW stablecoin and tokenized assets. Kaia has registered trademarks for multiple won-pegged coins as legislation nears passage. A bank-issued stablecoin could offer fast transfers while meeting Korea’s strict capital-flow rules, Decrypt was told. KakaoBank is reportedly preparing the groundwork for a Korean won-backed stablecoin, developing the infrastructure ahead of new rules that could let banks bring regulated digital KRW into Korea’s retail and cross-border payments system.An affiliate of Kakao Corp, South Korea’s most dominant internet firm, the bank is reportedly advancing work on a smart contract FX settlement system…

Coinbase Ventures outlines four strategic themes it expects to drive crypto innovation in 2026. The investment arm shared its outlook in a new blog post, identifying the priority areas in which it aims to invest.These include Real-World Asset (RWA) perpetual contracts, specialized trading infrastructure, next-generation decentralized finance (DeFi), and artificial intelligence (AI) and robotics.Sponsored Sponsored1. RWA Perpetuals Unlock Synthetic Market ExposureThe first theme centers on Real-World Asset (RWA) perpetual derivatives. These provide synthetic exposure to off-chain assets. Unlike traditional tokenization, perpetual futures provide a faster and more flexible way to deliver on-chain exposure without requiring teams to custody the underlying…

On November 20, Texas became the first U.S. state to buy Bitcoin for its Strategic Reserve, acquiring $5 million at roughly $87,000 per BTC, according to Lee Bratcher, President of the Texas Blockchain Council. The purchase was made through BlackRock’s iShares Bitcoin Trust (IBIT) while the state finalizes plans for self-custody. The move signals growing state-level interest in Bitcoin as a reserve asset. Texas had previously explored strategic Bitcoin legislation last year, wanting to create a Bitcoin reserve without using taxpayer funds.  In June of this year, the Texas governor signed the legislation into law, creating a state Strategic Bitcoin…

Concerns are mounting over unusual activity surrounding the token launch of Edel Finance, a lending protocol focused on tokenized stocks and real-world assets (RWAs).Blockchain analytics platform Bubblemaps claimed in a Tuesday X post that a cluster of about 160 wallets accumulated 30% of the EDEL token supply, worth $11 million, during the launch earlier this month. The platform alleged the wallets were linked and funded in a coordinated fashion immediately before trading opened.“Edel Finance sniped 30% of $EDEL. Then tried to hide it behind a maze of wallets and liquidity positions,” said Bubblemaps. “Just hours before $EDEL launched, ~60 wallets…

The Nov. 25 buys included $7.6 million in Circle and $1.5 million in Bullish, with both stocks down on the day as BTC trades around $87,500.

South Africa’s central bank has echoed a warning from Standard Chartered, confirming that the rapid rise of stablecoins could destabilize emerging-market (EM) banks.Standard Chartered projects that digital dollars could drain as much as $1 trillion from EM bank deposits over the next three years, as consumers and corporates shift savings toward stable, USD-pegged alternatives.Sponsored SponsoredStandard Chartered’s Alarm: Emerging-Market Banks at RiskIn a recent research note, Standard Chartered highlighted 48 countries along an opportunity–vulnerability continuum.As BeInCrypto reported, the bank’s Global Head of Digital Assets Research, Geoff Kendrick, identified Egypt, Pakistan, Bangladesh, and Sri Lanka as most exposed to deposit outflows. “As…

Strategy (formerly MicroStrategy) has confirmed that its assets-to-debt collateral ratio would remain at 2.0x, even if Bitcoin (BTC) fell to $25,000, far below its $74,000 average purchase price.This comes as the company’s stock has declined by 49% and faces the possibility of exclusion from MSCI indices, with a decision expected by January 2026.Sponsored (Micro) Strategy’s $16 Billion Liability Stack Backed 3.6x by BitcoinIn a recent X (formerly Twitter) post, the company emphasized the strength of its balance sheet by highlighting what it calls the “BTC Rating” of its convertible debt. “If BTC drops to our $74,000 average cost basis, we…

Bitcoin’s long-term design came under renewed scrutiny on Friday after VanEck CEO Jan van Eck questioned whether the network provides sufficient encryption and privacy during an appearance on CNBC’s “Power Lunch” with anchor Brian Sullivan.Van Eck said the issues drawing attention inside the Bitcoin community go beyond short-term market swings. “There’s something else going on within the Bitcoin community that non-crypto people need to know about,” he said. He added that VanEck evaluates Bitcoin’s staying power the same way it assesses traditional assets. “Ultimately, VanEck has been around before Bitcoin. We will walk away from Bitcoin if we think the…