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Naver, South Korea’s largest internet portal, has completed a stock swap to acquire Upbit through its fintech arm, NAVER Financial. This acquisition was confirmed by Dunamu, the operator of Upbit, and resulted in a notable 11.4% increase in Naver's shares. Naver is aiming to enhance its

HashKey Group, based in Hong Kong, has launched a $500-million Digital Asset Treasuries (DAT) fund, indicating a pivotal moment in corporate finance as cryptocurrencies gain mainstream acceptance. DATs involve holding digital assets like Bitcoin and Ether in corporate balance sheets, transforming cash and bond strategies. The fund, focusing on the

Divine has secured $6.6 million in seed funding to enhance Credit, its undercollateralized lending protocol aimed at borrowers lacking access to traditional credit. The funding round was led by Paradigm, with support from Nascent and angel investors. Since its launch in December 2024, Credit has issued over 175,000

ETHZilla plans to deploy $100 million in ETH to Ether.fi as part of its foray into DeFi, aiming to split investments across various liquid (re)staking providers. Simultaneously, around $47 million will be allocated to Puffer. The strategy marks a significant move for ETHZilla, which holds the fifth largest

Major digital coins, including Bitcoin, Ethereum, and Dogecoin, experienced significant declines as liquidations approached $1 billion within a 24-hour period. Bitcoin fell nearly 4%, trading just below $109,700, while Ethereum decreased by approximately 7.5%, reaching around $3,879. Dogecoin, the eighth-largest cryptocurrency, suffered even greater losses, plummeting nearly

Hashdex has expanded its Crypto Index US exchange-traded fund (ETF) to incorporate additional cryptocurrencies such as XRP, Solana (SOL), and Stellar, in response to a recent change in the Securities and Exchange Commission's (SEC) generic listing rules. This ETF is now one of the few multi-asset cryptocurrency investment

Nansen launched a Claude-based AI assistant trained on 500 million labeled blockchain addresses. This chatbot enables users to ask questions about market trends and wallet behavior, acting as a research assistant. Trade execution features are planned for the future, contingent upon user approval. Nansen has reduced its subscription price to