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South Korea’s top crypto custodian saw deposits more than triple in H2 2023 amid ETF hopes

South Korea’s top crypto custodian saw deposits more than triple in H2 2023 amid ETF hopes

Korea Digital Asset expects increased local demand for crypto custody as the nation discusses the potential launch of spot bitcoin ETFs.

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Paris Saint-Germain Becomes First Soccer Team to Validate a Blockchain

French football giant Paris Saint-Germain said it will become a network validator for the Chilliz Chain and use the revenue to repurchase its fan tokens.

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FalconX expands into Hong Kong as institutional demand rises

FalconX said it plans to offer OTC brokerage and crypto derivatives services to professional investors in Hong Kong.

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Vitalik Buterin Floats Idea of AI-Based Code Audits, Ethereum Project Developers Back Him Up

In 2023, crypto users lost an estimated $2 billion to hacks and scams, with Ethereum experiencing the highest losses due to its extensive ecosystem and high-profile projects.

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Bitcoin Back Over $51K, Crypto Market Recovers as Nvidia Earnings Rejuvenates AI-Tokens

The haphazard price action caused over $200 million in liquidations of crypto-tracked futures, of which $150 million were longs, or bets, against higher prices.

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Gauntlet announces exit from Aave as risk manager

John Morrow, co-founder of Gauntlet, said it’s been difficult to navigate ‘inconsistent guidelines’ of Aave’s largest stakeholders.

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Japanese blockchain Oasys teams up with Kakao’s web3 gaming division

Gaming blockchain Oasys has partnered with South Korea’s Metabora SG to support the game publisher’s expansion into Japan.

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Risk Manager Gauntlet Terminates Relationship with Aave, Citing DAO Dysfunction

Gauntlet co-founder John Morrow said his team “found it difficult to navigate the inconsistent guidelines and unwritten objectives” of Aave’s “largest stakeholders.”

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Startale Labs raises $3.5 million from UOB, Samsung in extended seed round

Startale previously secured $3.5 million from Sony, bringing the total seed round funding to $7 million, the company said.

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Coinbase urges SEC to approve listing of Grayscale’s proposed spot ether ETF

The U.S.-based cryptocurrency exchange sent the SEC a lengthy letter making its case for approval of Grayscale’s product.

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