💥BREAKING:🇦🇪 ByBit becomes the first licensed crypto exchange in the UAE. https://t.co/kV5UesxDry ...

JUST IN: 🇦🇪 ByBit becomes the first licensed crypto exchange in the UAE. https://t.co/2EhZN5gDFH ...

Crypto exchange Gemini has launched a fully localized operation in Australia, marking its latest move to expand across the Asia-Pacific region amid rising regional demand for digital assets. Key Takeaways: Gemini has established a fully localized operation in Australia after securing registration. Australia’s national crypto adoption rate has reached 31%, up from 28% last year. The move follows Gemini’s $425 million Nasdaq debut, as the company accelerates global growth. The New York-based company ...

Core Viewpoint - The proposed merger between Dunamu, operator of Upbit, and Naver faces five significant legal hurdles that must be overcome for the deal to proceed, despite the potential to create a major player in the crypto-tech sector in East Asia [1][2]. Group 1: Legal Hurdles - Hurdle 1: Traditional Finance Regulations - South Korean regulators have imposed guidelines that effectively prevent traditional financial companies from engaging in crypto-related business, which poses a challenge for the merger [3]. - Hurdle 2: Stablecoin Legislation Uncertainty - The merger aims to facilitate the issuance of won-denominated stablecoins, but there is significant political and regulatory division regarding stablecoin legislation, which could hinder progress [4][5]. Group 2: Market Context - Upbit holds a dominant position in the South Korean crypto market, capturing approximately 72% of the market share, which highlights the strategic importance of the merger for both companies [1]. - Naver's interest in merging its financial unit with Dunamu is driven by the potential to enhance its payment ecosystem through the use of stablecoins, which could significantly expand its market presence [4][5].

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Market Overview - The crypto market experienced significant changes on October 7, with BNB surpassing XRP to become the third-largest cryptocurrency by market capitalization, with BNB at $6.9 billion and XRP at $6.4 billion [1] - BNB's price increased by over 25% in the past week, reaching a new all-time high (ATH) of $1,307.30, while XRP's price rose less than 5% [1] Major Cryptocurrencies - Bitcoin and Ethereum remain the two largest cryptocurrencies, with market caps of $2.48 trillion and $568 billion respectively [2] - Bitcoin achieved a new ATH of $126,198.07 on October 6 and was trading at $124,552.74, reflecting a 10% increase over the week [2] - Ethereum was trading at $4,708.63, up more than 13% in the same timeframe [2] BNB and Binance - BNB is the native token of the Binance Smart Chain (BSC), which is a blockchain network developed by Binance, the largest crypto exchange [3] - The Binance Smart Chain supports a robust infrastructure for decentralized finance (DeFi) platforms, catering to millions of users [3] - Following Bitcoin's record rally, BNB has been reaching new record highs, indicating strong market momentum [4] Market Sentiment - The crypto market has seen a surge in activity following the U.S. government shutdown, with traders increasingly viewing crypto as a safe haven asset [5] - The total crypto market capitalization was reported at $4.27 trillion at the time of writing [5]

Coinbase (COIN) said on Friday it has applied for a national trust charter with the U.S. Office of the Comptroller of the Currency (OCC), a move that would put the firm under federal regulatory oversight if approved. The charter would allow Coinbase to build on its existing custody business by offering services such as payments and settlement, without seeking a charter as a full-service bank. "Coinbase has no intention of becoming a bank," Greg Tusar, vice president of institutional product at Coinbase ...

Coinbase, the largest U.S. crypto exchange, has filed an application with the Office of the Comptroller of the Currency (OCC) for a national trust charter. It joins Circle, Paxos, and Ripple in seeking similar regulatory approval. Coinbase clarified that it does not intend to become a bank, but views clear regulatory frameworks as essential to advancing innovation while ensuring compliance and security. https://t.co/g1CBRwHdux ...

Coinbase, the largest US crypto exchange, is seeking a national trust company charter from the Office of the Comptroller of the Currency, the company said https://t.co/4tRaB2dOlY ...

The Japanese loans provider MBK says it has bought over $2 million worth of Bitcoin (BTC) and struck a partnership deal with a domestic crypto exchange. The new deal will see MBK work with FINX JCrypto, which owns the Coin Estate exchange. The latter provides crypto settlement services for real estate purchases. MBK (TYO: 3121) share prices on the Tokyo Exchange since the start of 2025. (Source: Yahoo Finance) MBK: Bitcoin Buy In an official MBK press release, the company said that it had acquired 300 ...