Crypto exchange operator HashKey Holdings has cleared its Hong Kong listing hearing after an earlier confidential filing, paving the way for a deal that will test investor confidence in the digital asset sector amid evolving regulation. The operator of Hong Kong's biggest licensed crypto exchange could raise around US$500 million in a listing this month, according to a source familiar with the matter. HashKey did not disclose the size or the timing of its initial public offering (IPO) in a filing on Monda ...

Crypto exchange HashKey clears key hearing for Hong Kong IPO https://t.co/hAafWe7YIn ...

Market Overview - All three major indexes were modestly higher during late-morning trading on Black Friday, with the Dow leading the gains [2] - The stock market had a shortened trading day, closing at 1 p.m. [2] Key Stock Movements - Intel (INTC) was the biggest mover on the S&P 500, rising approximately 8% [2] - Eli Lilly (LLY) was the largest decliner, slipping nearly 3% [2] - Brown-Forman (BF.A, BF.B) increased by 1.5%, while Lululemon (LULU) rose over 2% [3] - Best Buy (BBY) reported a decline of more than 1% following its latest quarterly financial results [3] Technology Sector Performance - Nvidia (NVDA) shares were down 1.8%, and Oracle (ORCL) fell by 2.2%, marking them as significant decliners in the S&P 500 [4] - The Roundhill Magnificent Seven ETF (MAGS), which includes major tech stocks, was up 0.3% [4] Cryptocurrency Market - Shares of Coinbase Global (COIN) rose nearly 4%, influenced by purchases from Cathie Wood's ARK funds [5] - Bitcoin was trading around $92,000, showing a rebound from recent lows [5] - Strategy (MSTR), a Bitcoin buyer, saw an increase of 2.4% [5]

Security Breach - Upbit, South Korea's largest crypto exchange, experienced a hack valued at approximately 445 亿 KRW (approximately $32 million)[1] - The hack targeted a hot wallet, with hackers employing "hopping" and "mixing" techniques [1] Investigation & Attribution - Authorities are investigating potential involvement of North Korea's Lazarus Group in the attack [1] - Lazarus Group was previously linked to Upbit's 2019 theft of 580 亿 KRW in Ethereum [1]

Upbit, South Korea’s largest crypto exchange, suspended deposit and withdrawal services on Thursday after an unauthorized transfer of about $37 million in digital assets to an external wallet https://t.co/kVmtlkbXXm ...

Core Insights - Ark Invest continues to increase its holdings in crypto-related equities and major tech stocks, including a significant purchase of over 174,000 shares of Alphabet valued at more than $56 million [1] - The firm also invested $3.75 million in Coinbase, $7 million in Circle, and nearly $2 million in its own Bitcoin ETF, ARK 21Shares Bitcoin ETF [1] Company Performance - Alphabet's shares have risen over 8.9% in the last five trading sessions and more than 22% in the past month, currently trading at $319.11 [2] - The overall market cap of Alphabet has reached $3.816 trillion, reflecting a nearly 90% increase in the last six months, surpassing the entire crypto ecosystem [3] Investment Strategy - Ark Invest has also added $29.4 million in CoreWeave and $21.5 million in Meta, indicating a strong focus on AI and cloud computing sectors [3] - Despite concerns about potential bubbles in AI valuations, Ark Invest maintains a bullish outlook, contrasting current conditions with the tech and telecom bubble of the past [4] Market Context - The uncertainty surrounding AI valuations and macroeconomic factors has caused fluctuations in broader markets, yet Ark Invest remains committed to its purchasing strategy [5] - Recent acquisitions include positions in Coinbase and BitMine Immersion Technologies, as well as increased investments in Circle following a drop in its trading levels [6] Future Outlook - Cathie Wood has revised her 2030 Bitcoin price forecast to $1.2 million per coin, down from $1.5 million, due to the rapid rise of stablecoins [6]

Naver Financial officially confirms merger with Upbit crypto exchange https://t.co/02S901QIvh ...

South Korea’s largest crypto exchange Upbit is set to list the PLUME/KRW trading pair. Plume is the first permissionless, full-stack blockchain built for real-world asset finance (RWAfi) with native DeFi integration.https://t.co/RvkZiDZVCL ...

LATEST: ⚡ Dunamu, the parent company of South Korean crypto exchange Upbit, is reportedly planning a US IPO on the Nasdaq after merging with tech company Naver, according to a report from Seoul Economic Daily. https://t.co/YfKp1fMOZ1 ...

Core Insights - Naver is moving closer to acquiring Upbit, South Korea's largest crypto exchange, with board meetings scheduled for November 26 to confirm a stock swap deal with Dunamu, the operator of Upbit [1][2] Company Developments - Naver's founder and chair, Lee Hae-jin, will explain the merger plan at the board meeting and hold a press conference on November 27, alongside Dunamu CEO Song Chi-hyung [2] - The merger details, first revealed in September, indicate that Naver, with a market cap of $39.2 billion, will gain control of Dunamu [2] Financial Details - Upbit's trading volumes exceeded $2 billion in the past 24 hours, indicating significant market activity [3] - The merger will involve a stock swap where Dunamu shareholders will exchange their shares for newly issued Naver Financial shares at a ratio of 1:3, resulting in Dunamu becoming a wholly owned subsidiary of Naver Financial [4][5] Regulatory Environment - Regulatory challenges may arise as South Korean lawmakers have raised concerns about Upbit's dominant position in the crypto market, with Upbit holding a 71.6% share of total domestic crypto trading volumes in the first half of 2026 [6]