ChainCatcher news, according to the Daily Economic News, the total user assets held by South Korea's five major virtual asset exchanges (Upbit, Bithumb, Coinone, Korbit, GoPax) surpassed 115 trillion won (approximately 86.5 billion USD) for the first time by the end of November, setting a new historical record. Compared to 65 trillion won at the end of October, assets increased by about 50 trillion won in just one month.The trading volume of stablecoins also saw a significant rise, with the monthly trading volume of stablecoins at the five major exchanges in Korea reaching 16 trillion won in November.

ChainCatcher news, according to Cointelegraph, the hybrid cryptocurrency exchange GRVT has announced that it has obtained a modified (M) digital asset business license from the Bermuda Monetary Authority (BMA), allowing the exchange to operate as a regulated decentralized exchange (DEX).GRVT co-founder and CEO Hong Yea stated that after obtaining the initial M class license under the Bermuda Digital Asset Business Act (DABA), its goal is to obtain a full (F) class license by mid-2025 and further expand its business in a sandbox environment.

ChainCatcher news, the top five cryptocurrency exchanges in South Korea have recorded a spot trading volume of over $34 billion in the past 24 hours, setting a new historical high. During this period, the President of South Korea announced the implementation of an emergency curfew, lasting for six hours.According to data from CoinMarketCap, the total 24-hour cryptocurrency trading volume of South Korean exchanges Upbit, Bithumb, Coinone, Korbit, and Gopax reached $34.2 billion, with Upbit's trading volume hitting $27.25 billion, which is double the $18 billion on December 2, and the $18 billion trading volume has already exceeded the daily trading volume of the South Korean stock market for that day.

ChainCatcher news, according to iNews24, starting next year, virtual asset service providers in South Korea, including Dunamu (Upbit), Bithumb, and Coinone, will be required to pay regulatory fees.This decision was made after the State Council approved the amendment to the enforcement decree of the Financial Services Commission (FSC) on December 3. The regulatory fees are calculated based on operating revenue and are to be paid by financial institutions such as banks, investment companies, and insurance companies to cover the FSC's inspection and supervision services.

ChainCatcher news, the Nigerian cryptocurrency exchange platform Bitmama has temporarily suspended its virtual Mastercard service. This move follows a trend of challenges faced by African fintech companies regarding card services, including exchange rate fluctuations, chargeback fraud, and insufficient funds. Some fintech companies like Bitmama and Chipper Cash continue to offer alternative card services.

ChainCatcher news, a WSJ article suggests that once Trump returns to the White House, the U.S. SEC may ease its legal battles against cryptocurrency exchanges. Although Trump has not revealed his choice for the next SEC chairman, rumors suggest that several contenders are vying for the position following Gary Gensler's resignation.The next SEC chairman may come from a group of experienced regulators and legal giants, each bringing unique expertise. Paul Atkins, who served as an SEC commissioner from 2002 to 2008 and currently leads financial consulting at Patomak Global Partners, is considered a strong candidate.Additionally, since 2022, Mark Uyeda has gained attention for his pro-cryptocurrency stance, aligning with Trump's regulatory views. Former Acting Comptroller of the Currency Brian Brooks and former SEC General Counsel Robert Stebbins have also emerged as strong contenders. Legal heavyweights Richard Farley and Norm Champ have also joined the race.

ChainCatcher news, according to CoinPost, the Financial Services Agency of Japan has issued a warning letter to five overseas exchanges engaged in cryptocurrency trading without registration.The exchanges that received the warning include:KuCoinbitcastle LLCBybit Fintech LimitedMEXC GlobalBitget LimitedAccording to Japanese law, companies engaged in cryptocurrency trading must complete registration with the Financial Services Agency or the local financial bureau. Unregistered exchanges are not regulated by the Financial Services Agency of Japan, making it impossible to confirm whether they properly manage key operations such as the separation of customer assets. In the event of a dispute or unexpected situation, customers will not be protected by Japanese authorities. Additionally, customer assets will not enjoy protections or compensation based on Japanese law, facing additional risks.

ChainCatcher news, according to Financial News, digital asset prime broker LTP has announced a strategic partnership with cryptocurrency exchange Bitstamp. Through this collaboration, LTP clients will gain convenient access to Bitstamp's liquidity pool, as well as capital efficiency solutions such as loans and credit lines.LTP founder and CEO Jack Yang stated that by accessing Bitstamp's liquidity pool and utilizing post-trade settlement features, clients will be able to manage their assets more flexibly and efficiently, optimizing investment strategies for higher returns. Bitstamp USA CEO and Global Chief Business Officer Bobby Zagotta emphasized that this partnership will expand the scope and impact of their trading services.

ChainCatcher news, according to Coinglass data, major cryptocurrency exchanges have seen a total outflow of 35,538 bitcoins in the past week, with Binance seeing an outflow of 20,398, Coinbase 2,273, and ProBitfinex 6,503.Currently, the cumulative balance of bitcoins on cryptocurrency exchanges is 2,299,200, setting a new historical low.

ChainCatcher news, DMM Crypto, the blockchain gaming and NFT division of the Japanese cryptocurrency exchange operator DMM, will shut down its Seamoon Protocol. The company announced that no new services will be added to the ecosystem, and future arrangements for existing services on the platform are under discussion. The Seamoon Protocol is supported by the SMP token in the DM2 Verse on the Oasys L2 blockchain. The Seamoon portal is a Web3 gaming and content site featuring games and anime produced by the Japanese e-commerce and internet group DMM.com.

ChainCatcher news, according to CoinDesk, Japanese brokerage and cryptocurrency exchange operator Monex Group announced today that its subsidiary Coincheck Group BV (CCG) has had its registration statement (Form F-4) submitted to the U.S. Securities and Exchange Commission (SEC) become effective on November 12, which will significantly advance the process for the cryptocurrency exchange to be listed on the Nasdaq in the United States.According to the published schedule, the special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV (THCP) will hold a shareholder meeting on December 5, with the merger expected to be implemented around the 10th of the same month. CCG's stock (ticker symbol: CNCK) is expected to begin trading on Nasdaq on the next trading day after the merger is completed.This listing of Coincheck is achieved through its merger with THCP announced in March 2022. Initially planned to be completed in the second half of that year, it subsequently underwent three contract changes, occurring in May 2023, May 2024, and October, ultimately receiving approval from the SEC.

ChainCatcher news, according to Cryptonews, Japanese cryptocurrency exchange Bitbank has announced the establishment of a wholly-owned subsidiary, Bitbank Ventures, focusing on investments in overseas blockchain companies. This subsidiary will concentrate on blockchain projects from seed rounds to Series A, while also providing support for international companies entering the Japanese market.Bitbank's business development director Jun Kuwahara stated that over the past three years, the company has invested in the Web3.0 startup accelerator Next Web Capital and the crypto project Oasys. Shifting to a corporate venture capital model will accelerate the investment decision-making process and enhance investment capabilities. The new subsidiary will focus on investments in Layer 1, Layer 2 infrastructure, as well as AI, gaming, and Web3 projects.

ChainCatcher news, the cryptocurrency exchange M2 issued a statement regarding a security incident, stating that on October 31, M2 experienced a cybersecurity event involving $13.7 million. M2 takes full responsibility for the potential losses, all services have now been restored, and M2 has implemented additional control measures.Previous news, according to ZachXBT, the cryptocurrency exchange M2 was hacked yesterday, with approximately $13 million stolen from hot wallets across multiple chains.

ChainCatcher news, according to ZachXBT, the cryptocurrency exchange M2 was hacked yesterday, with approximately $13 million stolen from hot wallets across multiple chains.