Bitcoin Well (TSXV:BTCW, OTCQB:BCNWF), OTCQB:BCNWF) provides an ecosystem of products and services making it easier for people to use bitcoin. Established in Canada in 2013 and has reached significant revenue growth year-over-year, Bitcoin Well will soon be expanding to the US market.
The company's three core business lines include Crypto ATM network composed of 250+ Crypto ATMs across Canada with US$21 million revenue in 2022; Bitcoin Well Infinite which caters to high net worth individuals and businesses and with US$29 million revenue in 2022; and Online Ecosystem, the fastest and safest way for Canadians to buy, sell and use bitcoin with current monthly revenues exceeding $350,000.
This Bitcoin Well profile is part of a paid investor education campaign.*
Click here to connect with Bitcoin Well (TSXV:BTCW, OTCQB:BCNWF) to receive an Investor Presentation
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Edmonton, Alberta June 18, 2025 TheNewswire - Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), Bitcoin Well Canada Ltd. (" Bitcoin Well Canada "), a wholly-owned subsidiary of the Company, has received a judgment from the Court of King's Bench of Alberta against Rapid Cash ATM Ltd. (" Rapid Cash " or " Rapid Cash ATM" ) in the amount of $541,988.88, plus costs in the amount of $9,988.15.
On February 1, 2024, Bitcoin Well Canada filed an application in Court of King's Bench of Alberta File No. 2301-14199 (the " Action ") seeking partial summary judgment against Rapid Cash for the return of over $0.5 million withheld by Rapid Cash following termination of the parties' Hosting Agreement in late 2023 (the " Summary Judgment Application ").
On February 20, 2025, the Court of King's Bench released its written Endorsement with respect to the Summary Judgment Application (the " Decision "), finding that "it is manifestly unjust to allow Rapid Cash to hold onto Bitcoin Well [Canada]'s money pending adjudication of the damages claims" and observing that "the wording of the agreement is more consistent with Bitcoin Well [Canada]'s position than with Rapid Cash's position". In the result, the Court granted the Summary Judgment Application and ordered Rapid Cash to pay Bitcoin Well Canada the amount of $509,582.11, plus pre-judgment interest in the amount of $32,406.77, for a total judgment of $541,988.88 (the " Judgment " ). The Court subsequently ordered Rapid Cash to pay Bitcoin Well Canada costs for the application in the amount of $9,988.15. Full copies of the Court's Decision can be found here and the resulting Order can be found here
On May 1, 2025, Rapid Cash filed an application (the " Stay Application ") seeking to stay enforcement of the Judgment pending Rapid Cash's ongoing appeal of the Decision, which is currently scheduled for November 5, 2025 (the " Appeal "). On June 13, 2025, the Court dismissed Rapid Cash's Stay Application, such that the Judgment remains in effect.
Further, Bitcoin Well intends to vigorously defend the Appeal and pursue the balance of Bitcoin Well Canada's claims against Rapid Cash, which seek damages for Rapid Cash's alleged improper termination of the parties' agreement, and likewise defend Rapid Cash's counterclaims in the Action.
Copies of the decision and other materials filed in the Action are publicly available and may be obtained from the Court of King's Bench of Alberta.
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O'Brien
Tel: 1 888 711 3866
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well's business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well's annual information form and management's discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well's expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
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Edmonton, Alberta May 27, 2025 TheNewswire - Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence announces a first-of-its-kind Nostr integration to allow Bitcoin Well customers in the USA to purchase bitcoin directly from their Nostr profile.
Key points:
How it Works:
Bitcoin Well customers link their Nostr identifier (npub) to their Bitcoin Well account, then DM the Bitcoin Well account with specific commands to purchase bitcoin.
The purchase uses the customers Cash Balance, and bitcoin is sent to an existing Lightning Wallet for security.
Why it Matters:
The integration makes Bitcoin Well the easiest place to buy bitcoin, enabling fast, secure purchases directly from a customer's Nostr profile.
It aligns with the company's mission to simplify self-custody bitcoin purchases.
Nostr's Role:
As a censorship-resistant protocol, Nostr ensures Bitcoin Well and its customers have full control, avoiding restrictions and potential censorship.
Impact:
This enhances customer convenience, meets Bitcoiners on a platform they already use, and reinforces Bitcoin Well's commitment to accessible, non-custodial bitcoin services.
This move continues to position Bitcoin Well as a leader in freedom technologies by making bitcoin in self custody the standard. For detailed information keep reading, or visit https://bitcoinwell.com/blog/buy-bitcoin-with-nostr
Why does this matter?
Social media, specifically Nostr, is one of the most impactful technologies of our generation. Our lives, our communities and our personalities have transitioned to the digital realm. Bitcoin Well has now enabled everyone in the USA to buy bitcoin safely, directly from their Nostr account.
In doing this, Bitcoin Well has become the easiest place to buy bitcoin! With a simple message, our customers in the USA can now purchase bitcoin in a matter of seconds; without logging in to their Bitcoin Well account.
"This is a great achievement for our team!" said Adam O'Brien, founder and CEO of Bitcoin Well. "We are deeply committed to make buying bitcoin directly to self custody better than using a custodial exchange. This is a huge step in the right direction. We are meeting bitcoiners where they are and allowing them to buy bitcoin safely."
How does it work?
Once a customer links their npub (the social network identifier used by the Nostr protocol) to their Bitcoin Well account from their profile page , they can DM the Bitcoin Well Nostr profile with the command words to purchase bitcoin. The command words are:
/buy $21.00 (or any dollar amount)
/stack 69,000 sats (or any amount of sats)
After a simple "/confirm" response, the customer's Cash Balance in their Bitcoin Well account will be used to buy bitcoin, and the bitcoin will be sent to their predetermined payment address over the Lightning Network.
To maintain security, bitcoin can only be sent to a Lightning Wallet which has already been added to their Bitcoin Well account.
What is Nostr?
Nostr is a decentralized social media protocol which is censorship resistant and runs on a network of relays, rather than centralized servers. This means that the users of the platform control the posts (known as "notes") rather than the owner of the social media platform. This is particularly impactful for the Company because it means we have full control over our message servers; which hasn't been the case in the past.
Historically, our messaging platforms have prohibited us from creating a "text to buy" type of service. Even our payment providers have been limited in the past. With the addition of the Nostr protocol we can be certain that this level of censorship will not impact us, or our customer's ability to buy bitcoin. Furthermore, there is an added layer of protection for the customer's privacy.
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O'Brien
Tel: 1 888 711 3866
ir@bitcoinwell.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well's business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well's annual information form and management's discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well's expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
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Edmonton, Alberta May 15, 2025 TheNewswire - Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence announces a partnership with Solosatoshi a company dedicated to the advancement of open-sourced Bitcoin mining.
The partnership will bring their popular product the Bitaxe Gama, a 1.2 TH/s home miner , to the Bitcoin Well Points store . This means Bitcoin Well customers who accumulate points by making transactions and referring their friends to the platform can use them to buy a Bitaxe.
"We're excited to partner with the leader in the solo-mining space," said Adam O'Brien, founder and CEO of Bitcoin Well. "I'm hopeful that as we continue these great partnerships, with industry leading products, the Bitcoin Well points store will be the best place to discover and buy the leading bitcoin merchandise. This will drive new signups and active customers. I'm bullish on this strategy"
When asked about the partnership, Matt Howard, founder of Solosatoshi said, "We are excited to see the advancement and adoption of the Bitaxe project through an abundance of such use cases. We look forward to our strategic partnership with Bitcoin Well, and we are very optimistic about all of the possibilities that open-source Bitcoin mining creates globally."
Effective today, any Bitcoin Well customer can use their points to buy a Bitaxe, or any of the other products available on the Bitcoin Well points store. The Company intends to continue making partnerships and expanding the store.
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O'Brien, Tel: 1 888 711 3866, ir@bitcoinwell.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well's business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well's annual information form and management's discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well's expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
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Edmonton, Alberta May 8, 2025 TheNewswire - Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence announces the Bitcoin Well points store, an expansion to the existing rewards program.
Currently, Bitcoin Well customers are able to redeem their Bitcoin Well points and "toss a coin" into the Bitcoin (Wishing) Well. This retro-themed game allows our customers to win up to 1,000,000 sats (0.001 bitcoin) with every "coin toss". Last month, Bitcoin Well customers played the rewards game nearly 2,000 times and won over 3,000,000 sats.
Now, over and above choosing to spend Bitcoin Well points to win free bitcoin, Bitcoin Well customers can spend their points for exclusive bitcoin merchandise. As of today, the catalog includes:
Stamp Seed Titanium plate for securing bitcoin private keys
Exclusive Leathermint Wallet - Bitcoin Well exclusive 3-card wallet + money clip
Simply Bitcoin Hoodie
Tesla Cybertruck
Bitcoin Well has a list of collaborations and exclusive merchandise that will empower our target customer's bitcoin journey. These collaborations will range from wearable merchandise, hardware wallets, educational games and more. The Company expects to release more products every few weeks for the remainder of the year.
For more information about the Bitcoin Well points store, please visit the Rewards page in your Bitcoin Well account.
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact Adam O'Brien:
Tel: 1 888 711 3866, ir@bitcoinwell.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well's business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well's annual information form and management's discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well's expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
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Edmonton, Alberta May 6, 2025 TheNewswire - Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence, today announced financial and operating results for the first quarter ended March 31, 2025.
Key highlights
Financial overview
| For the three months ended, | ||||||||
| March 31, 2025 | March 31, 2024 | |||||||
| Revenue | 31,802,012 | 16,181,120 | ||||||
| Gross Profit | 1,084,450 | 802,811 | ||||||
| Adjusted EBITDA (1) | (354,693) | (430,080) | ||||||
| Net income (loss) | 3,293,498 | (8,124,693) | ||||||
| Total comprehensive loss | (1,436,438) | (1,541,738) | ||||||
Total revenue in the first quarter of 2025 showed a significant 97% increase, reaching $31.8 million compared to $16.2 million in the same period of 2024. This growth was driven by a substantial increase in transaction volumes on both the Online Bitcoin Portal and Bitcoin Well Infinite.
Specifically, the Online segment experienced 111% revenue growth, reaching $15.2 million in Q1 2025, compared to $7.2 million in Q1 2024. Bitcoin Well Infinite also demonstrated strong growth, with a 374% increase in revenue, reaching $11.7 million, compared to $2.5 million in the previous year. This overall growth was partially offset by a decline in ATM sales, which decreased to $4.9 million in Q1 2025 from $6.5 million last year.
Bitcoin Well Founder and CEO Adam O'Brien announced the division of online sales into two separate business units starting in 2025: the Online Bitcoin Portal and the newly established Bitcoin Well Infinite business unit. Bitcoin Well Infinite facilitates large bitcoin transactions ($50,000 and above) for high-net-worth individuals and businesses in Canada, the USA, and internationally.
"We expect the strong revenue growth from both business units to continue throughout 2025," stated Adam O'Brien. "The Bitcoin Well Infinite high touch segment will offer a secure and personalized private banking-style solution with a self custody first approach for clients seeking long-term wealth preservation. With our strategic partnerships we are able to service regions broader than just Canada and the United States and have already facilitated transactions world-wide."
Gross profit for Q1 2025 saw a 35% increase to $1.1 million, compared to $0.8 million in Q1 of the previous year, attributed to higher revenue with the gross margin decreasing to 3.4% from 5.0% last year. This decrease was due to a shift in sales mix, with lower margin online and Bitcoin Well Infinite transactions now making up a larger share than high margin Bitcoin ATM sales.
Despite having a lower gross profit margin than Bitcoin ATMs, both the Bitcoin Portal and Bitcoin Well Infinite are more scalable and have lower expansion costs, making them the preferred business units for growth. Q1 2025 saw a gross margin of 1.5% in the Online Bitcoin Portal segment (compared to 0.7% in Q1 2024) and 1.8% in the Bitcoin Well Infinite segment (compared to 1.7% in Q1 2024).
Net income improved from a loss of $9.8 million in Q4 2024 to a positive $3.3 million in Q1 2025, primarily due to favourable fair value changes related to cryptocurrency loans and realized gains on the disposal of digital assets. Loss before other items saw a slight improvement, decreasing to $1.2 million from $1.3 million in Q1 2024.
Additional information
This news release should be read in concert with the full disclosure documents. The Bitcoin W ell unaudited condensed consolidated interim financial statements and Management Discussion & Analysis for the three months ended March 31, 2025 will be available on the Bitcoin Well website ( www.bitcoinwell.com ), via SEDAR+ ( www.sedarplus.ca ) or can be requested from the Company.
Non-IFRS measures
The Company uses certain terms in this news release, such as ‘Adjusted EBITDA', which does not have a standardized or prescribed meaning under International Financial Reporting Standards (IFRS), and accordingly, these measurements may not be comparable with the calculation of similar measurements used by other companies.
Please refer to the "Non-IFRS Financial Measures" section in the Company's MD&A for applicable definitions, calculations, and rationale for use. Non-IFRS measures are provided as supplementary information by which readers may wish to consider the Company's performance, but should not be relied upon for comparative or investment purposes.
See the table below for a reconciliation of Adjusted EBITDA to net income (loss):
| For the three month ended March 31 | 2025 | 2024 | |||||
| Net income (loss) | $ | 3,293,498 | $ | (8,124,693) | |||
| Financing fees | 705,152 | 644,147 | |||||
| Depreciation | 106,636 | 262,453 | |||||
| Fair value change - crypto loans (1) | (2,253,103) | 7,876,112 | |||||
| Share based compensation | 104,318 | 67,583 | |||||
| Foreign exchange (gain) loss | (16,894) | 121,512 | |||||
| Gain on debt settlement | - | (20,000) | |||||
| Fair value change - crypto inventory | 156,586 | (404,615) | |||||
| Fair value change - convertible debt | 27,557 | - | |||||
| Realized gain on digital assets | (2,478,443) | (852,579) | |||||
| Adjusted EBITDA | $ | (354,693) | $ | (430,080) |
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O'Brien
Tel: 1 888 711 3866
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to statements in respect of: revenue growth from the Online Bitcoin Portal and Bitcoin Well Infinite in 2025; and Bitcoin Well's business plans, strategy and outlook.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including, but not limited to the following: economic and financial conditions, volatility in the capital or credit markets; the level of demand and financial performance of the cryptocurrency and digital asset industry, the occurrence of force majeure events; the extent to which the Company is successful in gaining new long-term users or retaining existing users; developments and changes in laws and regulations, disruptions to the Company's technology network; inability to obtain financing; competitive factors; and such other factors as discussed in the "Risks and Uncertainties" section of the Company's MD&A.
Bitcoin Well actual results could differ materially from those anticipated in this forward-looking information as a result of the foregoing risk factors and other factors, many of which are beyond the control of Bitcoin Well. Bitcoin Well believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well expectations as of the date hereof, and is subject to change after such date. Bitcoin Well disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
For more information, see the Note Regarding Forward Looking Statements found in the Bitcoin Well MD&A.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Bitcoin (BTC) was priced at US$108,292, a 3.2 percent decrease in 24 hours. It opened at its highest valuation of the day, US$110,473. Its lowest valuation today was US$108,107.
Bitcoin price performance, August 29, 2025.
Chart via TradingView.
Bitcoin's slip below the US$110,000 threshold stoked fears of a broader crypto market correction on Friday as liquidations doubled, the US Federal Reserve’s preferred inflation gauge showed persistent price pressures, and Bitcoin flashed a potential risk pattern. Analysts warned the token could be edging toward bear market territory.
According to analyst Rekt Capital, BTC needs to regain US$114,000 as support to prevent an extended correction period.
Adding to volatility, a long-dormant Bitcoin whale that resurfaced this month — after buying US$2.5 billion in Ethereum — shifted another US$1.1 billion on Friday.
Ether (ETH) was priced at US$4,345.17, down by 2.3 percent over the past 24 hours. Its highest valuation today was US$4,389.08, and its lowest was US$4,279.96.
The stablecoin market reached a new milestone on Friday as total supply climbing to $282.8 billion, according to data from DefiLlama. That marks a 128 percent increase since January, driven by stronger demand for dollar-pegged tokens and fresh regulatory clarity in the US. The surge also follows passage of the GENIUS Act, which sets out federal guidelines for stablecoin issuers and has been billed as a growth catalyst within the sector.
Analysts say stablecoins now serve as a “distribution channel” for US dollars, powering cross-border payments and on-chain settlement systems.
American Bitcoin, a mining company backed by Eric Trump and Donald Trump Jr., is preparing to list on Nasdaq in September following its merger with Gryphon Digital Mining, Reuters reported.
The firm is majority owned by Hut 8 Mining (TSX:HUT,NASAQ:HUT), which controls 80 percent of the business, while the Trump brothers are expected to collectively hold about 19 percent. The company has already raised $220 million to expand its operations and accumulate Bitcoin, adding 215 BTC to its balance sheet as of June.
With Bitcoin trading near US$112,000 this week, that stash is valued at roughly US$24 million.
CEO Asher Genoot said American Bitcoin aims to become one of the largest US mining firms, with backing from high-profile investors including Gemini founders Tyler and Cameron Winklevoss.
Hut 8’s own share price has rallied 29 percent this year. If listed today, American Bitcoin would rank among the top 30 public companies holding Bitcoin in the US.
Speaking at the BTC Asia conference in Hong Kong, Eric Trump praised China’s influence on the digital asset industry and said the US and Beijing were “leading the way” in shaping Bitcoin’s future.
He credited the Middle East as another fast-moving hub for crypto adoption, while stressing Bitcoin’s ability to unite people across borders and cultures.
The younger Trump also added that his father’s administration had accelerated digital asset policy faster in seven months than the prior decade managed. He described America as “winning the digital revolution” with support from Wall Street institutions, sovereign wealth funds, and retirement investors.
Asked whether Bitcoin would be on the agenda in an upcoming US-China trade meeting, he suggested broader topics would dominate but said he “would certainly love to talk about bitcoin.”
Crypto asset manager 21Shares has submitted an S-1 registration statement to the US Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) that would track the price of SEI.
The proposed ETF would utilize CF Benchmarks, a crypto price index provider, to track SEI's price using data from multiple crypto exchanges. Coinbase Custody Trust Company is slated to act as the SEI custodian.
SEI is the native token of the SEI network, a layer-1 blockchain launched in 2023. The network specializes in trading infrastructure for decentralized exchanges and marketplaces, using the SEI token for network gas fees and governance participation. 21Shares is also exploring the possibility of staking SEI to generate additional returns, though the firm noted in its filing that it is still investigating potential "undue legal, regulatory or tax risk" associated with this practice.
In an X post, 21Shares said the ETF filing is a “key milestone in our vision to expand exchange-traded access to the SEI Network.” US digital asset investment firm Canary Capital also applied for an SEI ETF in April.
Bloomberg’s James Seyffart has listed all 92 crypto ETPs filings and applications awaiting SEC decisions.
The US Department of Commerce (DOC) announced on Wednesday (August 27) that it will begin publishing official economic data on at least nine public blockchains.
Its stated goal is to make vital information immutable and tamper-proof.
In a significant move for the industry that further underscores the potential of decentralized technology to improve governmental operations, the department is collaborating with blockchain data providers Chainlink and Pyth Network to serve as a bridge across various networks, including Bitcoin, Ethereum and Avalanche.
Chainlink will supply data feeds from the Bureau of Economic Analysis, while Pyth will publish GDP data. The DOC will also publish the Personal Consumption Expenditures Price Index and Real Final Sales to Private Domestic Purchasers.
Reports also indicate that exchanges like Coinbase Global (NASDAQ:COIN), Gemini and Kraken helped facilitate the process by assisting with the transactions required to publish the data on-chain.
While the DOC's announcement is a major positive for the entire crypto space, the Aave protocol has seen a remarkable surge in its total value locked, exceeding US$40 billion. This comes after the lending platform launched the Horizon RWA Market on Tuesday (August 26), the first real-world application of its ongoing V4 upgrade strategy.
Crypto intelligence platform Nansen also noted the surge in transaction volume on Avalanche this week, with over 11.9 million transactions recorded across over 181,300 active addresses, an increase of 66 percent.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Bitcoin (BTC) was priced at US$112,039, a 1 percent increase in 24 hours. Its lowest valuation of the day was US$111,198 and its highest price on Wednesday was US$112,555.
Bitcoin price performance, August 27, 2025.
Chart via TradingView.
Bitcoin has come under pressure in recent days, briefly sliding below US$110,000 amid a broader crypto sector selloff and macroeconomic uncertainty. Trading at its lowest level in seven weeks, the drop has sparked debate among investors over whether the pullback presents a buying opportunity.
Ether (ETH) was priced at US$4,569.50, down by 0.5 percent over the past 24 hours to its lowest valuation of the day. Its highest was US$4,657.28.
ETH funds have seen a massive US$1.3 billion worth of inflows over the past week as traders respond to dovish signals from US Federal Reserve Chair Jerome Powell. Data from SoSoValue shows ETH-based exchange-traded products have absorbed US$3.7 billion since June, compared with US$900 million in outflows from Bitcoin funds.
The surge also coincides with ETH hitting a new all-time high of US$4,955 on Sunday (August 24).
Publicly listed companies joined the rush too, adding ETH to their corporate treasuries and pushing collective holdings to nearly 5 percent of total supply. That accumulation rate is running at more than twice the fastest quarterly pace Bitcoin has ever seen, according to Standard Chartered’s (LSE:STAN) Geoffrey Kendrick via DLNews.
Trump Media & Technology Group shares climbed 5 percent on Tuesday (August 26) after the company confirmed a US$6.42 billion partnership with Crypto.com to launch a CRO-focused treasury vehicle.
Dubbed the Trump Media Group CRO Strategy, the new entity will be seeded with US$1 billion in CRO and its balance will be structured as an equity line for future token purchases. As part of the agreement, the company will operate a validator node on the Cronos blockchain, staking all its tokens to earn network rewards. CRO prices soared 30 percent in a single day after the announcement, even as most of the crypto market lagged.
Still, the deal has stirred controversy among token holders, as it requires reissuing 70 billion CRO previously “burned” to reduce supply, effectively inflating circulation by more than 200 percent.
CRO jumped 40 percent on the announcement and was up by over 25 percent over 24 hours at the time of writing.
Crypto fund manager Canary Capital has submitted paperwork to launch the first spot exchange-traded fund (ETF) tied directly to US President Donald Trump’s meme coin, $TRUMP, according to a Reuters report.
Unlike earlier applications filed under the 1940 Investment Company Act, Canary’s proposal was lodged under the 1933 Securities Act, meaning the ETF would hold $TRUMP tokens outright rather than use offshore subsidiaries or cash equivalents. The application comes despite skepticism from analysts, who note that the US Securities and Exchange Commission (SEC) typically requires a futures ETF to trade for six months before approving a spot product.
The filing follows the SEC’s February announcement that meme coins fall outside its securities jurisdiction, a decision seen as aligning with the president’s pro-crypto stance.
The $TRUMP token has lost more than 70 percent of its value since launching in January. Analysts expect the SEC to rule on several meme coin ETF applications later this year.
The DeFi Education Fund and a coalition of more than 110 crypto companies, investors and advocacy groups sent a letter to the Senate Banking and Agriculture Committees on Wednesday, urging lawmakers to update financial rules to ensure developers and non-custodial actors are not misclassified as intermediaries. The signatories include major players in the DeFi space, such as Coinbase Global (NASDAQ:COIN), Kraken, Ripple, a16z and Uniswap Labs.
“Provide robust, nationwide protections for software developers and non-custodial service providers in market structure legislation,” the letter reads. “Without such protections, we cannot support a market structure bill.”
The Commodity Futures Trading Commission (CFTC) announced on Wednesday that it plans to integrate Nasdaq’s Market Surveillance platform, a financial surveillance tool developed by Nasdaq.
“As our markets continue to evolve and integrate new technology, it’s critical that the CFTC stays ahead of the curve,” acting CFTC Chair Caroline Pham said in a press release. “Nasdaq Market Surveillance will, for the first time, provide the CFTC with automated alerts and cross-market analytics that will benefit each of the CFTC’s operating divisions and better protect our markets from fraud, manipulation and abuse.”
The CFTC asserts that using the platform will allow the agency to more efficiently analyze market trends and spot unusual trading activity, enabling staff to take quicker action against bad actors.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Bitcoin (BTC) was priced at US$110,805, a 1.2 percent decrease in 24 hours and its lowest valuation of the day. The cryptocurrency's highest price on Monday was US$112,185.
Bitcoin price performance, August 25, 2025.
Chart via TradingView.
Monday's price activity came after a Sunday (August 24) flash crash that was triggered by a 24,000 BTC sale. Losses extended to the broader crypto market, which closed down 3.8 percent Monday afternoon.
The sale was made by a dormant whale that unloaded roughly US$2.7 billion worth of Bitcoin. Onchain data shows the entity, inactive since 2019, moved 24,000 BTC originally linked to a withdrawal from the HTX exchange. The whale rotated into Ether, amassing more than 400,000 coins while opening leveraged longs and staking positions.
The timing coincided with a shift in sentiment following US Federal Reserve Chair Jerome Powell’s Jackson Hole remarks, which were initially read as dovish, but left traders questioning how soon interest rate cuts may arrive.
By Monday, leveraged liquidations had topped US$715 million, erasing more than US$80 billion from the cryptocurrency sector's market capitalization. CME Group's (NASDAQ:CME) FedWatch tool still shows that a September cut is highly likely, but analysts warn Powell’s speech was more cautious than investors first assumed.
Ether (ETH) was priced at US$443.97, down by 7 percent over the past 24 hours to its lowest valuation of the day. Its highest level was US$4,667.76.
Galaxy Digital (NASDAQ:GLXY), Multicoin Capital and Jump Crypto, three prominent entities in the digital asset and cryptocurrency ecosystem, are reportedly collaborating to raise US$1 billion to acquire a Solana treasury.
On Monday, Bloomberg, citing anonymous sources, disclosed that the three companies intend to create the largest Solana treasury, with Cantor Fitzgerald set to be the lead banker.
The proposal, endorsed by the Solana Foundation, will involve taking over an unidentified publicly traded entity.
Crypto exchange Gemini, founded by billionaire twins Cameron and Tyler Winklevoss, is collaborating with Ripple to introduce an XRP edition of its credit card. This new offering, issued in collaboration with WebBank, will allow users to earn cryptocurrency rewards across various spending categories.
Additionally, Gemini announced the expansion of customer access to RLUSD, Ripple’s US-backed stablecoin, giving users the ability to directly trade RLUSD for any other asset on the platform.
“The Gemini Credit Card is a bridge to the future of finance. By introducing a special XRP edition of the Gemini Credit Card, we’re giving customers and the XRP Army new ways to earn XRP and express their passion, loyalty, and excitement,” said CEO and co-founder Tyler Winklevoss in a blog post announcing the card.
“Fifty-five million Americans own crypto and that number is only increasing as more people look for easier ways to access and use it in their daily lives," said Brad Garlinghouse, CEO of Ripple.
“With Gemini, we’re making everyday spending a chance to earn and connect with both XRP and RLUSD. It’s a step toward giving people a faster way to move money, and making crypto simple and approachable for everyone.”
SBI Group, a major Japanese financial conglomerate, and blockchain oracle platform Chainlink are partnering to create crypto tools for financial institutions in Japan and the Asia-Pacific region, as per a Sunday press release.
While initially focusing on Japan, the collaboration will create infrastructure to tokenize real-world assets, such as bonds, using Chainlink’s interoperability protocol to securely transfer these assets across different blockchain networks.
This marks the fourth crypto partnership SBI Group has struck in days, following agreements with Circle (NYSE:CRCL), Ripple Labs and Startale to advance the distribution of stablecoins and platforms for tokenized real-world assets.
Metaplanet (TSE:3350,OTCQX:MTPLF), the Tokyo-listed hotel operator that has rebranded as a Bitcoin treasury firm, will join the FTSE Japan Index (INDEXFTSE:WIJPNC) following FTSE Russell’s September review.
The upgrade moves Metaplanet from small-cap to mid-cap status, with index inclusion set for after markets close on September 19. CEO Simon Gerovich called the milestone proof of the firm’s ambition to be Japan’s top Bitcoin holding company, while also confirming a fresh purchase of 103 BTC, lifting reserves to 18,991 BTC.
The company’s stock base expanded by 4.9 million shares last week after stock acquisition rights were exercised, which provided new funds for Bitcoin buys, but diluted existing investors.
Bloomberg reported last week that Eric Trump, who joined as a strategic advisor in March, is expected at Metaplanet’s shareholder meeting in Tokyo next month.
Japanese Finance Minister Katsunobu Kato said on Monday that crypto assets can serve as part of a diversified portfolio, even as he cautioned about their volatility. Speaking at an event in Tokyo, Kato emphasized the government’s role in fostering innovation while avoiding excessive regulation. Contextually, his remarks come as Japan faces mounting public debt exceeding 200 percent of GDP, raising the likelihood of financial repression measures.
Notably, Japan has recently updated its stablecoin regulations and approved its first yen-denominated token.
A Philippine congressman has introduced legislation to create a sovereign Bitcoin reserve designed to pay down the country’s debt. The Strategic Bitcoin Reserve Act, filed by Representative Miguel Luis Villafuerte, mandates that Bangko Sentral ng Pilipinas acquire 2,000 BTC annually over five years, totaling 10,000 BTC.
The holdings would be locked for two decades, with sales permitted only to retire government debt, and capped at 10 percent of assets in any two year span thereafter. Villafuerte likened the reserve to the US Strategic Petroleum Reserve or Canada’s maple syrup stockpile, arguing it would diversify the Philippines’ financial base.
The country’s debt reached US$285 billion, or 60 percent of its GDP, as of January.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Bitcoin (BTC) was priced at US$116,546, a 3.9 percent increase in 24 hours. Its lowest valuation of the day was US$112,019 and its highest was US$117,310.
Bitcoin price performance, August 22, 2025.
Chart via TradingView.
The crypto market rallied after US Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Policy Symposium offered clues that the Fed may be preparing to lower interest rates in September.
Bitcoin jumped from US$112,000 to US$116,000 in just over an hour. The current situation with inflation and the labor market, Powell said, “may warrant adjusting” the Fed’s monetary policy stance.
According to the CME Group's (NASDAQ:CME) Fedwatch tool, the probability of a rate cut at the September Fed meeting has surged to over 83 percent, up from 75 percent on Thursday (August 21).
Ether (ETH) was priced at US$4,843.61, up by 14.5 percent over the past 24 hours, and its highest valuation of the day. Its lowest valuation was US$4,254.24. It gained over 10 percent following Powell’s remarks, rising above the week-long US$4,600 resistance level and forming a bull flag pattern, with analysts projecting potential highs around US$6,000.
Coinbase Global (NASDAQ:COIN) has listed USD1, a stablecoin issued by World Liberty Financial, the crypto project linked to US President Donald Trump and his sons. The exchange announced the move on Thursday, while Eric Trump reposted the news on X and hinted that additional updates on the project are coming soon.
With the addition, Coinbase now offers US users a wide range of stablecoins, including USDT, USDC, PYUSD, DAI and others. World Liberty launched USD1 earlier this year as part of its push into decentralized finance, positioning the token for use in a forthcoming platform built on Ethereum with Aave technology.
The platform is not yet live, but the company has said it will eventually support lending and borrowing services.
The listing comes as the US stablecoin sector gains momentum following the passage of the GENIUS Act, which set national standards for stablecoin issuance and trading.
Still, World Liberty’s political connections remain controversial, especially after reports linked USD1 to a multibillion-dollar investment in Binance from an Abu Dhabi sovereign fund.
The US House of Representatives has added a provision to a defense policy bill for the 2026 fiscal year that would ban the Fed from issuing a central bank digital currency (CBDC). On Thursday, the House Rules Committee released a revised version of HR 3838, the House's rendition of a bill enacting the National Defense Authorization Act.
It incorporates extensive wording that prohibits the Fed from researching or developing digital currency.
In July, the House narrowly passed the Republican-backed Anti-CBDC Surveillance State Act, which aims to prevent the Fed from issuing a digital currency, with a vote of 219 to 210. Its fate in the Senate remains uncertain.
The National Defense Authorization Act and its associated appropriations bills are considered essential national security legislation. They detail the military's funding and budget allocation. Adding this provision from the anti-CBDC bill is a strategic maneuver by supporters of the CBDC ban to increase the likelihood of it passing into law.
Caroline D. Pham, acting chair of the Commodity Futures Trading Commission (CFTC), is calling for public input from crypto market participants on how the agency can better regulate spot crypto trading.
“The public feedback will assist the CFTC in carefully considering relevant issues for leveraged, margined or financed retail trading on a CFTC-registered exchange as we implement the President’s directive,” Pham said on Thursday.
Comments may be submitted via the commission’s website until October 20.
This marks the second leg of the CFTC’s “crypto sprint,” an initiative to fast track the implementation of a new regulatory framework for cryptocurrencies and other digital assets in the US. Last month, the agency announced that it would explore enabling the trading of spot crypto asset contracts on CFTC-registered futures exchanges.
Ripple and SBI Holdings (TSE:8473) unveiled plans on Thursday to bring Ripple USD (RLUSD) to Japan.
Their aim is to launch the stablecoin in early 2026. The rollout will be handled by SBI VCTrade, a licensed digital payments provider, under Japan’s new regulatory framework for stablecoins.
RLUSD, first introduced in December 2024, is backed by dollar deposits, short-term US treasuries and cash equivalents, with monthly attestations from an independent firm. Ripple says this design ensures regulatory clarity and sets the coin apart as an institutional-grade product. SBI executives described the partnership as a milestone for Japan’s financial system, stressing that the stablecoin will enhance trust and convenience for users.
Ripple officials have framed RLUSD as a bridge between traditional finance and decentralized networks, particularly just days after Japan approved its first yen-based stablecoin.
The European Central Bank (ECB) is reportedly exploring major public blockchain networks, including Ethereum and Solana, in connection with its digital euro design.
Sources familiar with the matter told the Financial Times that EU officials are accelerating plans for a digital euro after the passage of the GENIUS Act deepened concerns regarding the competitive viability of a European digital currency.
The sources also told the news outlet that while a private blockchain was widely expected for the digital euro, a public option is now being considered more seriously.
Meanwhile, the ECB informed the Financial Times that it is exploring both centralized and decentralized technologies, including distributed ledger technologies, in the lead up to a final decision.
Binance is facing renewed scrutiny in Australia after the country’s financial watchdog directed it to appoint an external auditor. AUSTRAC said the exchange has failed to meet standards for anti-money laundering and counter-terrorism financing controls, citing gaps in oversight and risk management. The agency also pointed to Binance’s high staff turnover and limited senior management presence in Australia as red flags.
AUSTRAC Chief Brendan Thomas warned that global crypto exchanges must adapt to local compliance requirements, regardless of their size. The action adds to a growing list of regulatory challenges for Binance worldwide, including a record US$4.3 billion fine in the US last year for failing to block illicit users.
The company's founder, Changpeng Zhao, is serving a four month prison sentence related to those violations. Meanwhile, in Nigeria, Binance is still battling tax evasion and illegal foreign exchange allegations, with a court trial pushed back to October.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Bitcoin (BTC) was priced at its highest valuation of the day at US$114,179, a modest 0.8 percent increase in 24 hours. Its lowest valuation of the day was US$112,460.
Bitcoin price performance, August 20, 2025.
Chart via TradingView.
The crypto market recovered some losses after Tuesday’s (August 19) widespread selloff as risk-averse sentiment led to a wave of liquidations. Wednesday’s recovery was driven by a rebound in market sentiment, with some investors viewing the correction as a healthy retracement in a longer-term bull market.
Despite short-term pressure, data shows long-term holders remain confident in Bitcoin’s outlook. The crypto sector's market cap was up by 1.6 percent over 24 hours at Wednesday’s close at US$3.96 trillion.
Investors are now awaiting signals from US Federal Reserve Chair Jerome Powell's Friday (August 22) speech.
Ethereum (ETH) was priced at US$4,340.67, up by 4.7 percent over the past 24 hours, and its highest valuation of the day. Its lowest valuation was US$4,118.81.
Bitcoin and Ether exchange-traded fund (ETF) outflows hit nearly US$1 billion in just three days.
The wave of withdrawals came on the back of negative investor sentiment, with spot Bitcoin ETFs recording US$533 million in outflows on Tuesday, more than quadruple Monday’s (August 18) figure. Ether ETFs also faced steep losses, with outflows jumping from US$200 million on Monday to US$422 million the next day.
Together, the two asset types have seen US$1.3 billion in withdrawals since August 13, coinciding with price declines of 8.3 percent for Bitcoin and 10.8 percent for Ether.
The widely followed Crypto Fear & Greed Index dropped to 44 on Wednesday, slipping into the “fear” category for the first time in weeks. The index tracks volatility, market momentum and trading activity to gauge overall mood, and its decline reflects mounting concerns over recent price drops.
Regulatory clarity and the future of digital finance are at the forefront at this year’s SALT Wyoming Blockchain Symposium, a high-level, invitation-only event for industry leaders and lawmakers.
The most significant announcement came on Tuesday as Wyoming became the first US state to issue its own dollar-linked digital currency, called the Frontier Stable Token (FRNT). FRNT, issued in partnership with LayerZero, will be operational across seven networks: Ethereum, Solana, Avalanche, Polygon, Arbitrum, Optimism and Base.
It is fully backed by cash and short-term US treasuries and carries an additional 2 percent reserve.
Tuesday also saw the launch of the American Innovation Project, a nonprofit lobbying arm consisting of a group of crypto industry figures who will engage with US policymakers and the public on digital asset issues.
The event also featured pro-crypto lawmakers, including longtime advocate Senator Cynthia Lummis, who, alongside Senate Banking Committee Chair Tim Scott, said that a crypto market structure bill will cross US President Donald Trump’s desk before 2026. “I hope it’s before Thanksgiving,” she added.
US Securities and Exchange Commission (SEC) Chair Paul Atkins spoke as well, indicating that the agency will take its own approach to treating tokens as securities under his leadership.
“From the SEC’s perspective, we will plow forward and on this idea that just the token itself is not necessarily the security, and probably not. There are very few, in my mind, tokens that are securities, but it depends on what’s the package around it and how that’s being sold,” he said.
A Wednesday Reuters article indicates that Chinese authorities may authorize yuan-backed stablecoins for the first time to promote global use of the country's currency. The publication cites sources familiar with the matter, who said that China’s State Council will review a plan to expand global use of the yuan later this month.
The sources also said the plan outlines measures to counteract US advances in stablecoins and establish risk prevention guidelines, with Hong Kong and Shanghai singled out as priority hubs to implement the policy.
The issue is reportedly expected to be discussed at the Shanghai Cooperation Organization Summit, which will be held from August 31 to September 1 in Tianjin.
Michelle Bowman, the Fed's new vice chair for supervision, signaled strong support for crypto adoption in her first major policy speech on the subject at the Wyoming Blockchain Symposium.
She argued that banks risk becoming irrelevant if they fail to embrace digital assets, calling for a “clear, strategic regulatory framework” that is tailored to crypto as opposed torelying on outdated banking standards.
Bowman, who was nominated by Trump and sworn in two months ago, will play a central role in shaping US rules for stablecoins under the GENIUS Act.
In her remarks, she highlighted the potential for tokenization to reduce costs and improve financial efficiency, while stressing that regulators must distinguish digital assets from traditional instruments.
The vice chair even suggested Fed staff should be allowed to hold small amounts of crypto to gain hands-on experience, likening it to learning how to ski by actually putting on skis.
"We stand at a crossroads: we can either seize the opportunity to shape the future or risk being left behind," she said.
South Korea’s financial watchdog has ordered domestic crypto exchanges to stop offering new lending products, citing rising risks and investor losses. The country's Financial Services Commission (FSC) confirmed that exchanges must suspend fresh lending operations until official guidelines are finalized.
Existing contracts, including repayments and maturity rollovers, will be allowed to continue in the meantime.
The decision follows reports of forced liquidations, with one exchange seeing over 3,600 users lose funds out of 27,600 participants in just a month, representing roughly US$1.1 billion in trading volume. Regulators also flagged cases of Tether-based lending that triggered unusual selling pressure on the stablecoin.
The FSC said it will carry out inspections and take enforcement action against platforms that fail to comply.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.