Finance News — Page 5

Banking, payments, tokenization and financial markets.

South Korea’s First Won-Backed Stablecoin to Launch on Circle’s Arc Network

Circle’s Arc blockchain is gaining momentum as BDACS prepares to launch South Korea’s first won-backed stablecoin, KRW1, connecting Korean fintech to global crypto infrastructure. The move comes amid debate over whether banks should control stablecoin issuance — highlighting Korea’s balancing act between regulation and innovation.

Iran’s Ayandeh Bank Collapses Under $8B Debt, Impacting 42 Million Customers

Iran’s Ayandeh Bank has declared bankruptcy after accumulating $8 billion in losses, affecting over 42 million customers. The failure underscores deep fragility in Iran’s sanctioned banking system — and echoes the systemic risks that once inspired Bitcoin’s creation as a decentralized financial alternative.

“There Were No Money-Laundering Charges,” CZ Fires Back at Senator Elizabeth Warren

Binance founder Changpeng Zhao rebuked Senator Elizabeth Warren for falsely claiming he pleaded guilty to money-laundering, clarifying his charge was a compliance failure under the Bank Secrecy Act. His presidential pardon by Donald Trump has sparked accusations of corruption from Democrats, as political tensions over crypto policy continue to escalate.

Hong Kong Approves First Spot Solana ETF — Beating the U.S. to the Punch

Hong Kong’s approval of the ChinaAMC Solana ETF marks another milestone in the global expansion of regulated digital asset products — and underscores how far the U.S. still trails. With major players like Bitwise predicting Solana will underpin the next generation of tokenized finance, Asia is cementing its lead in institutional crypto innovation.

CleanCore Solutions Adds 710 Million Dogecoin to Treasury, Eyes $1B Accumulation Goal

CleanCore Solutions has added 710 million Dogecoin to its balance sheet, worth nearly $174 million, as part of its goal to reach 1 billion DOGE. The company says it’s pursuing a transparent, long-term accumulation strategy — even as analysts warn smaller firms may face mounting exposure risks in the expanding corporate crypto treasury space.