Naver Delays Dunamu Share Swap Again as Approval Wait Continues

The post BONK Treasury Loses $20M to Malicious Governance Vote appeared on BitcoinEthereumNews.com. BONK News South Korea’s three largest digital-asset exchanges — Upbit, Bithumb and Coinone — placed BONK, the Solana-based meme coin, under a formal trading-caution designation on July 7. The exchanges’ official announcements state the flag took effect at 4:00 p.m. local time and runs through the first week of August, citing an unresolved security incident and the inadequate disclosure of material information. The coordinated action followed the draining of roughly 20 million dollars in BONK from the project’s decentralized treasury. Under the designation, each platform will conduct an additional review that could end in reinstatement or a full delisting, leaving holders facing weeks of uncertainty around the token’s exchange standing. On-chain data shows the exploit was executed entirely through legitimate transactions. An anonymous actor spent roughly 4.4 million dollars accumulating B

The KOSDAQ's decline highlights heightened market sensitivity to global monetary policy, potentially affecting future Fed rate expectations. The post South Korea’s KOSDAQ index drops 4% amid global policy concerns appeared first on Crypto Briefing.

The post South Korea: Tech-led strain and shifting flows – BNY appeared on BitcoinEthereumNews.com. BNY’s Geoff Yu highlights that institutional investors are exiting South Korean equities, contributing to the KOSPI’s brief bear-market move, while retail buyers still support the market. He notes concerns over AI and semiconductor concentration, questions the sustainability of retail support, and contrasts South Korea with more measured liquidation in Taiwan and ongoing interest in Chinese equities. Institutional selling pressures KOSPI “iFlow data suggest institutional investors are continuing to exit South Korean equities en masse, likely contributing to the KOSPI’s brief move into bear market territory overnight. Retail investors remain on the other side of the trade, but the market is increasingly questioning how sustainable that support is. Taiwanese equities have also benefited from the AI and semiconductor narrative, though liquidation there has been more measured in scale and pa

The post Naver Delays Dunamu Share Swap Until Year-End. appeared on BitcoinEthereumNews.com. Naver Financial and Dunamu delayed their share swap completion to Dec. 31. FTC review and shareholder approval processes remain the main hurdles. South Korea’s Digital Asset Basic Act could still affect the deal’s outcome. Naver Financial and Dunamu have postponed their planned share swap for a second time, extending the expected completion date to December 31. The companies continue awaiting several regulatory approvals, while lawmakers’ ongoing digital asset legislation discussions could still influence the transaction’s final outcome. Regulatory Approvals Continue to Delay Share Swap Naver Financial and Dunamu have postponed their comprehensive share swap until December 31 after regulatory approvals remained outstanding for months. The latest delay follows an earlier schedule revision in March, which moved the expected completion date from June 30 to September 30. Despite the revised timelin

Regulatory challenges could reshape the merger's structure, impacting market dynamics and setting precedents for future fintech-crypto collaborations. The post Dunamu and Naver Financial delay stock-swap deal to December 31 as regulatory hurdles mount appeared first on Crypto Briefing.

Naver Financial has postponed the completion of its all-stock share swap with Dunamu for a second time, extending the closing date to Dec. 31 as regulatory approvals remain pending. According to a regulatory filing disclosed by Dunamu, the planned comprehensive…

The listing of OPG in the KRW market could amplify speculative trading, impacting token stability and investor sentiment in South Korea. The post Upbit to list OpenGradient’s OPG token in KRW market on July 7 appeared first on Crypto Briefing.

South Korea’s top court has drafted a civil execution amendment establishing explicit legal procedures to freeze, seize, and liquidate virtual assets like bitcoin during civil litigation.   New Rules on Asset Seizure South Korea’s Supreme Court has announced a sweeping update to its civil enforcement regulations, establishing clear legal procedures for seizing, freezing and liquidating […]