South Korea’s cryptocurrency tax system, first approved in 2020, is still not ready, with key rules and infrastructure unfinished. Experts warn the January 2027 rollout could be delayed again as political disagreements and technical gaps continue.
WeatherlyWilliam Lonergan Hill, co-founder of Samourai Wallet, has been sentenced to four years in prison for running an unlicensed crypto service used in criminal transactions. His co-founder received five years, and authorities are emphasising consequences for illegal activity linked to privacy-focused crypto tools.
AnaisThe US has approved the export of Nvidia’s advanced AI chips to the UAE and Saudi Arabia, allowing each country to acquire up to 35,000 units. The chips will go to G42 and Humain under strict security rules, supporting the Gulf nations’ growing AI projects and partnerships.
WeatherlyWarner Music ended its dispute with Udio and agreed to build a licensed AI music platform together. Suno, meanwhile, raised $250 million and hit a $2.45 billion valuation while still facing lawsuits from major record labels.
AnaisRipple is considering adding staking to the XRP Ledger to reward participants and improve network security. The plan would change how transaction fees are used and could expand XRP’s role in DeFi, though it requires major technical updates.
WeatherlyNaver plans to acquire Dunamu, the operator of South Korea’s largest crypto exchange Upbit, through a stock swap, making Dunamu a wholly owned subsidiary. The merger could create a single digital finance platform combining payments, crypto trading, and blockchain services, while Dunamu’s management becomes the dominant voice in the combined company.
WeatherlyA specially crafted delegation transaction caused Cardano’s network to split into two conflicting chains, disrupting exchanges, DeFi apps, and users. Developers quickly deployed emergency fixes, restored consensus, and confirmed that no user funds were lost.
AnaisBitcoin has fallen more than 30%, cutting the estimated value of Satoshi Nakamoto’s holdings from $137 billion to around $95.8 billion. The decline makes the pseudonymous creator the 20th richest person in the world, with their coins remaining largely untouched for over 15 years.
WeatherlyGrayscale is launching Dogecoin and XRP ETFs on the NYSE, allowing mainstream investors to trade the tokens directly. The launches come as trading volumes rise and the market for altcoin ETFs becomes increasingly crowded.
AnaisBitkub is planning an IPO in Hong Kong to raise funds and grow its presence in the region. The exchange chose Hong Kong due to better market conditions and strong support for digital assets.
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