South Korea’s ruling party has set up a task force to create new crypto laws and aims to pass key rules by the end of 2025. The group will focus first on stablecoin regulation and plans to involve government agencies, the central bank, and private firms.
AnaisNaver will take full control of Upbit by exchanging shares with Dunamu, making it a wholly owned subsidiary. Major Dunamu shareholders will swap their stakes for Naver Financial shares, finalising the acquisition once approvals are completed.
WeatherlyCircle is exploring ways to make USDC transactions reversible in cases of fraud or hacks while keeping settlements mostly final. The plan involves its new Arc blockchain, aimed at institutions, to add fraud protection without fully breaking blockchain rules.
AnaisChina opened a digital yuan operations hub in Shanghai to oversee cross-border payments and blockchain platforms. The centre launched new systems for cross-border transactions, blockchain services, and digital assets.
WeatherlyHwang Jung-eum was given a suspended two-year prison sentence after embezzling 4.34 billion won from her own company to invest in cryptocurrency. She has fully repaid the money, and the court considered her a first-time offender when handing down the sentence.
AnaisCloudflare announced a US dollar-backed stablecoin called NET Dollar to enable instant payments for AI-driven services and global online transactions. The company plans to use it for automated micro-payments and cross-border settlements, but has not given a launch date.
AnaisElon Musk’s company xAI has sued OpenAI, claiming it stole trade secrets by poaching engineers and taking confidential code and techniques. xAI is seeking damages and orders to remove the stolen materials, while the case highlights a legal battle over employee recruitment and intellectual property.
WeatherlyCanada’s regulator FINTRAC has fined crypto exchange KuCoin \$14 million for failing to register properly and not reporting nearly 3,000 large transactions between 2021 and 2024. KuCoin disputes the fine and has appealed, while continuing to expand internationally, including a new partnership in Thailand for a blockchain-based bond program.
WeatherlyThe company will change its name to Bitcoin Japan Corporation on 11 November 2025. It is launching a Bitcoin treasury business and plans to expand into related financial services.
WeatherlyTwo brothers held a Minnesota family hostage for nine hours, forcing the father to transfer $8 million in cryptocurrency to the attackers. They were later arrested in Texas and now face federal and state charges, but the stolen crypto has not been recovered.
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