Core Insights - Bitget, the world's largest Universal Exchange (UEX), has launched a new promotional campaign featuring LALIGA star Julián Alvarez, combining world-class football talent with next-generation trading technology [2][4] - The campaign includes three dynamic product videos that highlight Bitget Onchain, GetAgent, and Universal Exchange, showcasing the vision of the company through high-quality visuals [2][4] - The first video focuses on Bitget Onchain, demonstrating how users can access millions of tokens across multiple blockchains through a single account and utilize AI-driven Onchain Signals for efficient trading decisions [2][3] Company Overview - Bitget was established in 2018 and serves over 120 million users, providing access to millions of crypto tokens, tokenized stocks, ETFs, and other real-world assets on a single platform [5][6] - The ecosystem aims to facilitate smarter trading through AI-driven tools, cross-chain interoperability on major blockchains, and expanded access to real-world assets [6] - Bitget is the official crypto partner of LALIGA in East Asia, Southeast Asia, and Latin America, and has partnered with UNICEF to provide blockchain education support to 1.1 million people by 2027 [6]

Core Viewpoint - Victims of Hamas' October 2023 attack on Israel have filed a lawsuit against Binance and its founder Changpeng Zhao, alleging that the company facilitated over $1 billion in payments to Hamas and other terrorist organizations, even after a previous guilty plea for anti-money-laundering violations [1][2]. Group 1: Lawsuit Details - The lawsuit includes 306 American victims, including relatives of those killed, injured, or taken hostage during the attacks [2]. - Plaintiffs accuse Binance of knowingly enabling terrorist groups, claiming that over $50 million was moved through its platform after the October 7 attack [2]. - The lawsuit seeks compensatory and triple damages among other remedies [4]. Group 2: Binance's Operations - The complaint alleges that Binance laundered money for Hamas and has not significantly changed its business model despite previous legal issues, including a $4.32 billion penalty for violating anti-money-laundering laws [1][3]. - Zhao previously pleaded guilty to anti-money-laundering violations and served a four-month prison sentence, later receiving a pardon from former President Donald Trump [3]. Group 3: Suspicious Transactions - The complaint highlights large cryptocurrency transactions linked to individuals with no clear financial means, including a Venezuelan woman associated with a Brazilian livestock company, who allegedly received over $177 million in deposits [5][6]. - The lawsuit mentions at least two suspicious transactions linked to online addresses in Kindred, North Dakota [7].

Core Insights - South Korean cryptocurrency exchange Upbit is planning to launch an initial public offering (IPO) on Nasdaq following a merger with Naver, a South Korean internet firm [1][2] - The merger between Upbit's parent company Dunamu and Naver is expected to be completed this week, potentially creating a bridge between cryptocurrency and traditional finance [2][3] Company Developments - Naver's FinTech arm, Naver Financial, and Dunamu have been in discussions regarding potential collaborations, indicating a convergence of the tech and cryptocurrency sectors in South Korea [3] - Naver's quarterly revenue surpassed 3 trillion South Korean won (approximately $2.04 billion) in Q3, driven by AI integration in its services [4] - Naver Pay's revenue increased by 12.5% year-over-year and 5.2% quarter-over-quarter, reaching 433.1 billion South Korean won (about $294.5 million) [5] Market Trends - Over one-third of South Korea's population, approximately 18 million people, are engaged in trading digital assets, highlighting a significant market for digital finance [4] - Naver Pay's total payment volume in Q3 reached 22.7 trillion South Korean won (about $15.4 billion), reflecting a 21.7% increase from the previous year [5] - Naver Pay's acquisition of a 70% stake in Securities Plus Unlimited demonstrates its commitment to expanding its role in the FinTech sector [6]

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]

IPO Plans - Bitkub is considering a Hong Kong IPO to raise approximately $200 million [1] Financial Implication - The potential IPO aims to secure $200 million in funding [1]

Bitkub has previously considered an IPO in Thailand https://t.co/X5QlVo8TPg ...

The Korea Financial Intelligence Unit (FIU) is expected to impose institutional and personal penalties on Korbit, Gopax, Bithumb, and Coinone in sequence, following Dunamu. Industry insiders expect the violations to be similar across exchanges, with penalties comparable to Dunamu’s, and most measures likely to be completed by the first half of next year. Previously, FIU fined Dunamu, the operator of Upbit, 35.2 billion KRW (about $24.35 million). https://t.co/ZpCBalQXVb ...

Market Overview - Top 8 centralized exchanges (CEXs) in Singapore are listed [1] Exchange Ranking - Coinbase is among the top CEXs in Singapore [1] - Binance is among the top CEXs in Singapore [1] - CryptoCom is among the top CEXs in Singapore [1] - OKX is among the top CEXs in Singapore [1] - Kraken is among the top CEXs in Singapore [1] - Coinhako is among the top CEXs in Singapore [1] - Gemini is among the top CEXs in Singapore [1] - Indepreserve is among the top CEXs in Singapore [1]

Group 1 - Bitget collaborates with "The Ascent Project" to provide aid for communities affected by the 6.9 magnitude earthquake in northern Cebu, Philippines, distributing essential relief supplies to 118 severely affected residents [2][3] - The earthquake is noted as the strongest in decades for northern Cebu, causing widespread destruction, displacing thousands, and severely damaging infrastructure [2] - Bitget has allocated 100,000 Philippine pesos for the relief efforts, distributing food packs, hygiene kits, and other critical necessities to over a hundred families still recovering from the disaster [2] Group 2 - The relief operation commenced on November 2, led by "The Ascent Project" with assistance from local volunteers, ensuring that aid reached the most urgent needs [2][3] - Bitget's CEO, Gracy Chen, expressed sympathy for the affected communities and emphasized the company's commitment to ongoing support and building trust within the community [3] - The fundraising was organized by Bitget's local trading community, reflecting the company's philosophy of collaborating directly with user communities to identify urgent needs and provide timely support [3] Group 3 - Bitget, established in 2018, is the world's largest panoramic exchange, serving over 120 million users with a wide range of trading options, including cryptocurrencies and tokenized assets [4] - The platform aims to enhance user trading experiences through AI-powered tools and interoperability among various blockchain tokens [4] - Bitget Wallet is designed to simplify and secure cryptocurrency transactions, connecting blockchain infrastructure with real-world finance, serving over 80 million users [4] Group 4 - Bitget is a strategic partner in promoting cryptocurrency, being the official crypto partner for La Liga in East Asia, Southeast Asia, and Latin America, and collaborating with UNICEF to provide blockchain education support to 1.1 million people by 2027 [5] - The company is also the exclusive cryptocurrency exchange partner for MotoGP™, further expanding its global influence [5]

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 ...