The post Criticism follows as South Korea police picks Dunamu for crypto custody appeared on BitcoinEthereumNews.com.
Firms that sent competing proposals to South Korea’s National Police Agency to win the contract to become the official crypto custodian of the agency’s seized crypto have gone off on a criticism tangent again after Dunamu emerged as the top bid at the end of the process. The complaints point to how the firm running Upbit, South Korea’s largest crypto exchange, winning the bidding process as vindication for earlier observations that the tender’s terms gave larger exchanges a decisive advantage over custody-first upstarts. As Cryptopolitan reported in June, pure-play crypto custody firms noted that insurance and loss coverage clauses listed in the procurement database effectively undermined their bids. Who won the bid for South Korea’s police agency’s seized BTC? Local reports put Dunamu at the top of the Public Procurement Service’s Nara Jangteo as of Wednesday, July 8.
The post ESMA Crypto Custody Review Marks New Enforcement Phase appeared on BitcoinEthereumNews.com.
Europe’s crypto industry is about to face its most rigorous operational stress test yet. On 8 July 2026, the European Securities and Markets Authority launched a Common Supervisory Action targeting crypto custody — the function at the very heart of how firms protect client assets — marking a decisive shift in the ESMA crypto custody review from regulatory theory into hard enforcement reality. Key takeaways ESMA launched a coordinated Common Supervisory Action on 8 July 2026, placing crypto custody services under direct scrutiny across the EU. The review runs from the second half of 2026 through the first half of 2027, with a consolidated report expected in the second half of 2027. National competent authorities will conduct risk-based reviews of a sample of the 280 authorised providers now registered under MiCA. Ripple received full CASP authorisation from Luxembourg’s CSSF on 6 July 20
The post KORU pullback reaching blue box area, buyers eye potential turn higher appeared on BitcoinEthereumNews.com.
KORU (Direxion Daily MSCI South Korea Bull 3X ETF) delivers 300% daily leveraged exposure to South Korean large‑ and mid‑caps, making it a high‑volatility instrument suited for short‑term tactical trades rather than long‑term investing. Quick instrument snapshot Full name: Direxion Daily MSCI South Korea Bull 3X ETF (KORU). Objective: Targets +300% daily performance of the MSCI Korea 25/50 Index (before fees and expenses). Primary listing: NYSE Arca. KORU – Daily Elliott Wave chart (Update: July 8, 2026) The latest daily chart shows the rally from the April 2025 low ending in wave (I) at $1,284.97. The subsequent wave (II) pullback appears to be unfolding as a zigzag corrective pattern: Wave a ended at $580.00. Wave b bounced to $1,111.00. Wave c is targeting the blue‑box area between $422.65 and $259.92. From that blue‑box zone, buyers may look for a turn higher — eithe
The post WinWin, Heeseung And More: Every KPop Idol Departure In 2026 appeared on BitcoinEthereumNews.com.
SEOUL, SOUTH KOREA – FEBRUARY 22: Winwin, Mark, Haechan of NCT 127 attend the 2017 Gaon Chart K-pop Music Awards at Jamsil Arena on February 22, 2017 in Seoul, South Korea. (Photo by The Chosunilbo JNS/Imazins via Getty Images) ImaZins via Getty Images K-pop has always had a complicated relationship with permanence. Groups form on survival shows with fixed end dates, contracts run for years without public disclosure, and fanbases are built around rosters that can change with a single label announcement. In 2026, those changes have arrived in an unusually compressed window. From January to July, four significant departures — or group splits — have reshaped some of the industry’s most prominent acts, most recent of which is NCT and WayV’s WinWin. Here is the updated list of every departure so far. Heeseung leaves ENHYPEN: March 10, 2026 INDIO, CALIFORNIA – APRIL 19: (FOR EDITORIAL U
ESMA's review under MiCA signals a shift to stringent enforcement, impacting crypto custodians' operational standards across the EU.
The post ESMA launches first coordinated crypto custody review under MiCA appeared first on Crypto Briefing.
The post Markets Tumble as Trump Ends Iran Ceasefire, Oil Prices Spike Above $74 appeared on BitcoinEthereumNews.com.
Key Takeaways President Trump announced the end of the US-Iran ceasefire during NATO meetings in Ankara, triggering widespread market volatility Major index futures declined significantly, with Dow futures shedding more than 500 points Crude oil prices jumped over 5% following the US decision to cancel Iran’s crude export authorization South Korean markets plummeted 5.4%, leading losses across Asian trading sessions Market participants await Federal Reserve meeting minutes from June for insight into monetary policy under Chair Kevin Warsh American equity futures experienced significant declines Wednesday morning following President Donald Trump’s announcement that the ceasefire agreement with Iran has concluded. Futures contracts for the Dow Jones Industrial Average tumbled over 500 points, representing approximately a 1% decline. The S&P 500 futures contract decreased
The post Toss Bank Explores Blockchain for Secure Financial Transactions appeared on BitcoinEthereumNews.com.
South Korea’s Toss Bank is embarking on a cutting-edge initiative to explore the potential of blockchain technology in bolstering payment and settlement systems. The fintech leader intends to evaluate the integration of public blockchain networks within the financial sector, aiming to resolve ongoing issues concerning transparency and compliance. Continue Reading:Toss Bank Explores Blockchain for Secure Financial Transactions Source: https://en.bitcoinhaber.net/toss-bank-explores-blockchain-for-secure-financial-transactions
The post South Korea’s Toss Partners with Optimism to Test Won Stablecoins: Report appeared on BitcoinEthereumNews.com.
Viva Republica, the operator of South Korea-based mobile money transfer app Toss, reportedly signed a memorandum of understanding with blockchain company Optimism to test a Korean won-based stablecoin infrastructure for institutional payments. The companies, along with privacy solutions provider Sunnyside Labs, will conduct a three-month proof of concept (PoC) using Optimism’s OP Stack and Sunnyside’s Privacy Boost protocol to develop a Korean won-based stablecoin and assess whether these technologies can be applied to domestic blockchain-based payment infrastructure for financial institutions, reported Yonhap News on Wednesday. The PoC will explore whether financial institutions can control the settlement process, the feasibility of implementing know-your-customer (KYC) and anti-money laundering (AML) verification requirements and whether transactions can remain priv
The post ESMA Reviews Crypto Custody Security Under EU Rules appeared on BitcoinEthereumNews.com.
The European Securities and Markets Authority (ESMA), a key EU regulator supporting the implementation of the Markets in Crypto-Assets (MiCA) framework, is launching a dedicated process for reviewing crypto custody providers. ESMA plans to conduct a common supervisory action (CSA) focused on the operational resilience of crypto-asset service providers (CASPs), with a specific emphasis on custody services, according to an official announcement on Wednesday. “The CSA will assess the maturity of CASPs’ digital operational resilience frameworks in relation to custody activities,” ESMA said, adding that the reviews will focus on areas including key and storage management, alongside other operational risks. The move comes shortly after the end of MiCA’s transition phase on July 1, prompting increased attention to how EU authorities will supervise compliance with the new framework, including pote
