Cryptocurrency Exchange
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X @Wu Blockchain
Wu Blockchain· 2025-12-01 02:34
HashKey, Hong Kong’s largest regulated cryptocurrency exchange, is set to go public in Hong Kong. In 2024, the exchange recorded a trading volume of approximately $81.9 billion, revenue of around $92.6 million, and a loss of about $99.3 million. It holds roughly $212 million in cash and cash equivalents, along with $76 million in digital assets. https://t.co/uCoUaSijD4 ...
U.S. stocks lift on the last day of November as Wall Street eagerly awaits the results of Black Friday
Fortune· 2025-11-28 15:38
Market Performance - U.S. stocks opened with gains on the final trading day of November, with the S&P 500 rising 0.2%, the Dow Jones Industrial Average increasing by 138 points, and the Nasdaq gaining 0.3% [1] - Most tech stocks posted gains, including Meta Platforms rising 1.4% and Micron Technology adding 2.8%, while Nvidia fell 1% and Oracle dropped 2.3% [2] Cryptocurrency - Coinbase Global added 3.6% as bitcoin rose above $92,000 after previously dropping to around $81,000 last week, although it remains below its all-time high of approximately $125,000 set in early October [1] Federal Reserve Outlook - There is growing confidence among traders that the Federal Reserve will cut interest rates at its meeting ending on December 10, with a nearly 87% probability of a cut according to CME Group data [5] - Recent comments from Federal Reserve officials have bolstered this confidence, despite the central bank facing challenges with rising inflation and a slowing job market [6] Economic Data - The latest corporate earnings reports were mostly positive, but economic data has been mixed, indicating a complex economic environment [6] - In Asia, Japan's housing starts rose 3.2% in October year-over-year, defying expectations of a decline, while South Korea's industrial production fell 4% month-on-month in October [8]
X @Wu Blockchain
Wu Blockchain· 2025-11-28 13:48
KuCoin’s European subsidiary has secured a MiCA license in Austria, allowing it to offer regulated crypto-asset services across the entire EEA. Under MiCA’s passporting rules, firms licensed in one EU member state can operate in all 29 countries. The approval follows KuCoin’s recent registration with AUSTRAC in Australia. https://t.co/8TO3cHnUDz ...
X @Cointelegraph
Cointelegraph· 2025-11-28 10:00
🚨 UPDATE: Upbit parent Dunamu’s CEO Oh Kyung-seok has issued a public apology over the 44.5B KRW Upbit hack.He announced full reimbursement for affected users. https://t.co/23gZjXsmpM ...
LBank Exchange Listed MNEE USD Stablecoin (MNEE)
Newsfile· 2025-11-28 08:36
Core Viewpoint - LBank Exchange has listed the MNEE USD Stablecoin, which is designed for various digital payment applications and is fully backed by reserves [1][3]. Group 1: MNEE USD Stablecoin Overview - MNEE is a regulated institutional-grade USD stablecoin intended for digital payments, remittances, gaming, microtransactions, and enterprise settlement [3][4]. - Each MNEE is backed 1:1 by reserves, including US Treasury bills and cash or cash equivalents, ensuring it maintains the value of the corresponding fiat currency [3][6]. Group 2: Issuance and Regulation - MNEE is issued by MNEE Limited, a licensed digital asset business in Antigua and Barbuda, regulated under a Class A license [4]. - The project adheres to strict AML and KYC requirements, with customer verification conducted through independent third-party providers [4]. Group 3: Token Characteristics - Token Name: MNEE; Token Type: Fiat backed stablecoin; Total Supply: Elastic, minted and redeemed on demand [5]. - MNEE tokens are available on multiple blockchains, including 1Sat Ordinals and Ethereum ERC20, with plans for multi-chain expansion [6]. Group 4: Utility and Applications - MNEE serves as a digital representation of fiat for instant payments, e-commerce, enterprise settlement, and cross-border transfers [7]. - It supports microtransactions for low-value, high-frequency use cases such as in-app payments and content monetization [9]. - MNEE enables fast and low-cost cross-border remittances using a stable USD-pegged asset backed by audited reserves [10]. - The token can be integrated into applications for programmable workflows, subscriptions, and automated settlements [11]. - MNEE provides a stable unit of account for AI agents and automated systems to transact with one another [12]. Group 5: LBank Exchange Overview - Founded in 2015, LBank is a leading global cryptocurrency exchange with over 20 million registered users and a daily trading volume exceeding $10.5 billion [13]. - LBank has a history of zero security incidents and offers innovative trading solutions, achieving average returns of over 130% on newly listed assets [13][14]. - The exchange is recognized for its rapid altcoin listings, unmatched liquidity, and industry-first trading guarantees, making it a preferred platform for crypto investors [14].
North Korea’s Lazarus Group Linked to $30M Hack at South Korean Exchange Upbit
Yahoo Finance· 2025-11-28 04:45
Core Insights - North Korea's Lazarus Group is suspected of orchestrating a significant cryptocurrency breach that resulted in the theft of approximately $30.6 million from Upbit, South Korea's largest exchange [1][9] - The breach involved Solana-linked assets worth 44.5 billion won, which were transferred to an unauthorized wallet [4] - Dunamu, the operator of Upbit, has committed to fully reimburse affected users and has suspended transactions while conducting internal checks [4][9] Incident Details - Authorities are preparing for an on-site inspection at Upbit, as the attack appears to be linked to previous incidents attributed to Lazarus [3] - The techniques used in this breach closely resemble a 2019 incident where 58 billion won in Ethereum was stolen from Upbit [5] - Investigators believe the hackers may have impersonated administrators or compromised internal accounts to authorize the withdrawal [5] Laundering Tactics - Security officials noted that the stolen funds were quickly laundered through wallets associated with other platforms, a tactic commonly used by Lazarus to obscure transaction trails [6] - The group is known for scattering tokens across multiple networks to complicate tracking efforts [6] Strategic Implications - Analysts suggest that Lazarus has targeted high-profile crypto platforms to maximize impact, indicating that this attack may have been strategically timed to exploit increased public attention [7] - South Korea is considering a review of its sanctions approach towards North Korea, particularly in light of new US measures linking Pyongyang's crypto thefts to its weapons programs [7][8]
Global Markets Navigate Mixed Signals Amid Regional Disruptions and Economic Shifts
Stock Market News· 2025-11-28 03:38
Market Developments - Global markets are experiencing mixed developments, with regional disruptions and significant shifts in key economies and corporate sectors [2] - The Colombo Stock Exchange (CSE) closed early at 12:30 PM on November 28 due to adverse weather conditions, impacting trading activities [9] Indian Financial Landscape - The 10-year Indian benchmark yield increased to 6.5158%, up from 6.5082% [3] - The Indian currency opened weaker at 89.4050 per dollar [3] China's Economic Focus - China is focusing on infrastructure development and corporate financial health, leading to a third consecutive weekly increase in iron ore prices due to strong demand [4] - China is reportedly being approached for $1.5 billion to support Kenya's highway expansion, highlighting its growing role in global infrastructure projects [4] - Concerns are emerging regarding the humanoid robot trend in China, with officials warning about potential bubble risks [4] Corporate News - China Vanke (2202.HK) was downgraded to 'CCC-' by S&P due to concerns over a possible maturity extension, placing its ratings on credit watch negative [5][9] - Coinbase (COIN) reported performance degradation affecting users on its DEX, Borrow, and Lend services [5][9] - Luckin Coffee (LKNCY) donated 10 million yuan for Hong Kong fire relief efforts, demonstrating corporate social responsibility [6] - Cloudbreak (CDL) shares surged following patent approvals in Japan and Europe [6] - BHP Mitsubishi Alliance canceled a major Queensland coal project due to an ongoing royalty dispute [6] Broader Market Sentiment - Broader market sentiment in Asia indicates a struggle to build on recent weekly gains, suggesting a cautious outlook among investors [6]