Key Takeaways: Turkey’s new crypto rules, effective January 1, 2025, target money laundering and boost transparency. Exchanges must verify identities, monitor transactions, and report suspicious activities to authorities. Non-compliance risks fines or license loss, ensuring market stability and investor protection. Turkey has introduced tougher cryptocurrency regulations to combat money laundering and terrorism financing. The rules,…

Key Takeaways South Korea now has over 15 million crypto investors, nearly 30% of its population. The number of investors has steadily grown, adding 100,000 new users each month. By November’s end, reserves surged to 102.6 trillion won, up from 58.6 trillion in July. According to local reports, over 15 million South Koreans own cryptocurrencies,…

Key Takeaways OKX Ventures invested in Usual to expand decentralized stablecoins backed by U.S. Treasury Bills. Usual’s USD0 stablecoin uses decentralized governance for revenue sharing and community decision-making. The partnership boosts DeFi integration with real-world assets, enhancing stability and transparency. OKX Ventures, the investment subsidiary of cryptocurrency exchange OKX, announced on December 24 its investment in…

Key Takeaways: Hyperliquid faced record $256 million outflows amid concerns about North Korean hackers trading on its platform. Security expert Tay Monahan revealed DPRK-linked activity since October, sparking fears over system integrity despite Hyperliquid's denial of exploits. Withdrawals caused a sharp drop in Total Value Locked and HYPE token price, highlighting DeFi platforms' vulnerability to…

Key Takeaways Metaplanet has acquired 620 bitcoin for $24 million, expanding its holdings to 1,762 BTC. The company’s strategy to buy bitcoin during market dips reflects a broader trend of institutional adoption. As more firms adopt cryptocurrency, Metaplanet’s growing bitcoin reserves position it as a significant player in the digital asset market. Japanese investment firm…

Singapore, December 19, 2024 — exSat, a Bitcoin scaling solution provider, has announced a $5 million developer incentive program aimed at accelerating innovation within the Bitcoin ecosystem. The initiative will include a series of competitions, beginning in January 2025, and culminate in a showcase at Bitcoin 2025 in Las Vegas. Notably, the program kicks off…

NiceHash, a leading cryptocurrency mining platform, has announced its relocation from the British Virgin Islands to Zug, Switzerland. The move, which began in November, is expected to conclude by mid-December, positioning the company within Switzerland's robust regulatory environment. Notably, the decision aligns with NiceHash’s commitment to comply with the European Union’s upcoming Markets in Crypto-Assets…

Binance announced today that its SOL liquid staking token, BNSOL, has surpassed $1 billion in total value locked (TVL), marking a significant milestone in just three months since its September 2024 launch. The achievement represents over 10% of Solana’s liquid staking market, which now boasts a total capitalization of $8 billion. BNSOL has rapidly emerged…

OpenLedger, a decentralized blockchain platform for artificial intelligence (AI), has partnered with Ether.fi to enhance its network security and scalability. Ether.fi, which manages $6 billion in total value locked (TVL) through its restaking infrastructure, will provide the security foundation necessary for OpenLedger to advance its decentralized AI ecosystem. The collaboration supports OpenLedger’s goal of delivering…

Binance, the world's largest cryptocurrency exchange by trading volume and users, has launched Binance Alpha, a new feature within Binance Wallet designed to spotlight early-stage crypto projects. Binance Alpha aims to enhance transparency in pre-listing processes while providing users with insights into tokens with growth potential. "Binance Alpha serves as a pre-listing token selection pool,…