Headlines

South Korea targets Dunamu over Upbit hack as legal gaps emerge

South Korea’s Financial Supervisory Service has begun a formal sanctions process against Dunamu, the operator of crypto exchange Upbit, over the major wallet breach reported in November 2025.   Summary South Korea’s FSS opened sanctions proceedings against Dunamu over Upbit’s November 2025 wallet breach case. Current law lacks direct hacking penalties, leaving regulators uncertain about how…

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Circle president backs USDC as new rival pressures CRCL stock

Circle President Heath Tarbert has defended the company’s long-term strategy after Circle shares fell sharply from their post-IPO peak. Summary Circle says USDC’s scale and network effects remain difficult for new stablecoin competitors to replicate. Open USD adds pressure as Circle shares trade far below their post-IPO peak near $260. Circle keeps expanding regulated infrastructure…

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