Core Insights - Dunamu and Naver Financial are merging to create a financial entity valued at approximately $13.8 billion (20 trillion won) [1] - The merger is expected to pursue a Nasdaq listing, potentially increasing the valuation to at least $34.5 billion (50 trillion won) if it successfully attracts global investor interest [2] - The merger aims to enhance both companies' positions in the stablecoin market, with Dunamu planning a won-backed stablecoin and leveraging Naver Pay as the lead issuer [5][6] Company Details - The merger involves a stock swap where Dunamu shareholders will exchange their shares for Naver Financial stock at an estimated ratio of 1:3.3 to 3.4, making Dunamu a wholly owned subsidiary of Naver [3] - Post-merger, Naver's ownership stake will decrease from 69% to 17%, while Dunamu will delegate more than half of its voting rights to Naver to comply with monopoly regulations [4] - Dunamu's Chairman and Vice Chairman will become the largest shareholders of the combined entity, holding nearly 30% ownership [3] Strategic Implications - The merger is driven by ambitions in the stablecoin market, with both companies aiming to leverage their strengths to achieve broader circulation of their products [5][6] - Naver Group has been looking to advance in the payments sector, and the merger is seen as a strategic move to enhance its capabilities in this area [6] - The sentiment in the prediction market indicates low confidence that stablecoins will exceed $360 billion before February, with only a 12.3% chance assigned to this outcome [6]

Stablecoin Industry Focus - Trust in the stablecoin industry hinges on verifiable data following recent industry events [1] - A robust Proof of Reserve framework is critical for stablecoin issuers seeking long-term success and regulatory alignment [1] - The webinar will focus on multichain compliance for stablecoins [1] Webinar Details - The webinar features speakers from Ubyx, AllUnityStable, and Apex Global Group [1] - Apex Global Group is presenting the webinar [1]

swift tested usdc settlement on ethereum with citi. $150 trillion payment network validating on-chain rails. circle makes $740m quarterly on $74b circulation. swift moving 1% of correspondent banking to usdc pushes circulation to $240b. circle revenue hits $2.4b annually on treasury spread alone. they're not building a stablecoin anymore, they're replacing correspondent banking. ...

⏱️ State of Crypto Tonight: Your 60-second week in review• Bitcoin community erupts after US Treasury Secretary Scott Bessent makes surprise appearance at Bitcoin-themed bar Pubkey in DC.• India's government may consider stablecoin regulations in Economic Survey 2025-2026, diverging from RBI's cautious approach as central bank pushes for digital currency instead.• Bitcoin enters "most bearish" territory as institutional demand dries up and CryptoQuant indicators point to downward phase.• Brazilian crypto ho ...

🔥 NOW: Sui leads stablecoin supply changes over the last 24 hours with $2.4B in inflows, followed by Aptos and Ethereum, per Artemis data. https://t.co/lDy3G5gHuO ...

Market Analysis & Price Action - The market is experiencing a bounce, but weekend price action should be viewed with skepticism [1][2][4] - A daily close above approximately $0.1615 is desirable, as it represents major support from a previous drop [2][3] - A weekly candle close above roughly $0.1415 would be a positive sign, potentially indicating a floor forming [4][5] - A higher low on the weekly chart could allow for building back towards a higher high at approximately $0.30 [6] Regulatory Landscape & Policy Updates - Hideera joined the Digital Chamber State Network to advance digital asset policy and financial innovation across the US [14] - States are increasingly taking independent action on crypto, driven by the slow pace of federal clarity act [17][18] - The Genius Act, related to stablecoins, went into law in July and is already showing effects [23][51] Stablecoins & Tokenization - Since the beginning of 2025, almost $100 billion has been added to the stablecoin market cap, and almost $50 billion since July 18th [24][25] - Hideera was chosen as the first major network for Wyoming's state-issued stablecoin, which is now live on the Hideera test net [26][28] - Wyoming's Frontier Stable Token test net faucet allows users to obtain a version of the stable token, capped at 1,000 per day per chain [33][35] Cold Storage & Security - Decent Wallet is offering up to 40% off on cold storage devices during their Black Friday sale [8][9]

RT Eric He | LBank (@EH_LBank)🙏LBankers, the energy continues to build. As we move deeper into Q4, this past week brought new milestones, deeper partnerships, and major momentum across the board.Here’s what we achieved:1️⃣ Strategic Partnership with CoinGlass 🤝We officially teamed up with CoinGlass to optimize LBank’s derivatives infrastructure.This collaboration grants access to deep market data, position metrics, and risk indicators, enhancing transparency and efficiency for all traders.2️⃣ First BoostHub ...

Market Event - A stablecoin on one exchange experienced a flash crash, plummeting to $0.65 due to an internal pricing issue [1] - The stablecoin crash triggered ADL auto-deleveraging, leading to cascading liquidations that closed millions of accounts within minutes [1] - The incident is described as a system-wide chain reaction caused by a code-level flaw [1] Impact on Market Makers and Liquidity - The flash crash severely damaged market makers' balance sheets [1] - Market makers were forced to shrink capital, further weakening market liquidity [1] - The weakened liquidity resulted in sustained pressure on crypto assets in the weeks following the event [1]

Tom Lee: Stablecoin Flash Crash Triggered Cascading Liquidations, Sending Bitcoin Into a Tailspin After October 10In a CNBC interview on November 21, Bitmine Chairman Tom Lee addressed the key question of "what exactly happened on October 10". He explained that a stablecoin on one exchange suddenly dropped to $0.65 due to an internal pricing issue, triggering the ADL auto-deleveraging mechanism and causing cascading liquidations that forced millions of accounts to close within minutes. Lee noted that the in ...

🖲️ Multichain stablecoin issuance means visibility is fragmented.Learn why real-time, auditable reserve data is now the essential pillar for scaling your operations securely and aligning with global KYC/AML standards.➡️ Register here: https://t.co/Xs8GP3qPIa[Presented by @ApexGlobalGroup] ...