Latest Crypto News — Page 38

The latest developments in cryptocurrency, blockchain and digital finance.

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.

Thai Regulators Raid World Iris Scanning Site Over Unlicensed Crypto Operations

Thailand’s SEC and cybercrime police raided a World iris scanning site for allegedly operating an unlicensed crypto service linked to its WLD token. The move adds to mounting international regulatory pressure on Sam Altman’s digital identity project, which continues to face privacy and compliance challenges across multiple countries.

“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.

CEX Spot Trading Surges 31% in Q3, Signaling Renewed Market Momentum

Crypto spot trading on major centralized exchanges rebounded 31% in Q3, reversing months of decline as Bitcoin’s rally rekindled investor interest. Binance retained its market dominance with 43% of spot volume, while competition in the derivatives market continues to intensify across global platforms.

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.

Australia’s Financial Watchdog May Soon Have Power to Ban Crypto ATMs Under New Law

Australia’s government plans to grant AUSTRAC new powers to restrict or ban crypto ATMs amid concerns about financial crime. While Minister Tony Burke stressed that a full ban isn’t planned, the move highlights the country’s cautious stance toward crypto infrastructure — even as adoption surges and providers push for fair regulation.