Kraken is set to acquire Backed Finance as part of a major push into asset tokenization. This strategic purchase strengthens Kraken’s hold on a fast-growing niche as it prepares for an anticipated initial public offering in 2026.
HashKey Holdings Limited, operator of Hong Kong’s leading licensed cryptocurrency platform, has passed the Hong Kong Stock Exchange listing committee hearing—a key review that decides the fate of IPO applications.
The crypto market entered a period of markedly lower activity in November, with combined exchange volumes retreating to levels last seen in June.
In a sobering reminder of the crypto industry’s security risks, South Korea’s largest exchange, Upbit, has been hacked for $37 million.
Japan is positioning itself as a leader in cryptocurrency regulation with a plan to mandate that all local exchanges hold capital reserves to protect investors.
South Korea’s financial intelligence unit is set to impose sanctions and fines on multiple domestic cryptocurrency exchanges, following investigations that revealed anti-money laundering failures.
Binance Chief Executive Richard Teng stated on Friday that Bitcoin’s sharp drop over the past month is a result of investors deleveraging cryptocurrency holdings.
