ChainCatcher news, according to CoinDesk, South Korean financial authorities are planning to impose sanctions on cryptocurrency exchanges such as BitMEX, KuCoin, CoinW, Bitunix, and KCEX, which provide services in Korean but are not registered with the Financial Intelligence Unit (FIU).The FIU stated that the aforementioned exchanges have not registered as Virtual Asset Service Providers (VASP) as required, and are therefore considered to be operating illegally.Relevant officials said they are negotiating with the Korea Communications Standards Commission to review plans to block access to these unregistered overseas exchanges, with specific measures expected to be announced within the year.

ChainCatcher news, according to official information, the decentralized AI data network Navigate officially launched on March 10 at 20:00 (UTC+8) on Gate.io and KuCoin exchanges, and opened the NVG8/USDT trading pair.The project supports AI development by building a decentralized data infrastructure. This launch will expand its ecological liquidity and provide compliant trading channels for global users. Trading is now open, and users can obtain the latest updates through official channels.

ChainCatcher news, the pre-market trading platform Coral Finance announced the completion of a $3 million angel round financing, with participation from KuCoin Ventures, Gate Ventures, Taisu Ventures, Web3port Foundation, Mask Network, Formless Capital, and others. UFLY Labs and Goplus participated as strategic investors, while the Movement Foundation also joined this round as an ecological investor.The new funds will be used to introduce AI capabilities, enhance product richness, and support the construction of a DeFAI application layer that can help users find more early investment, yield, and trading opportunities.

ChainCatcher message, regarding the security incident encountered by Bybit, KuCoin CEO BC Wong expressed support for Bybit and has initiated efforts to assist in monitoring fund flows and freezing suspicious assets. KuCoin always prioritizes the safety of user assets and continues to strengthen security measures to maintain industry stability.

ChainCatcher news, the SocialFi platform XO announced that its token $XOXO was sold out in seconds during the 100,000 USDT IDO on AITech Pad yesterday. Yesterday, Kucoin also officially announced that XO will be listed on the exchange on February 14 at 1:00 (UTC). Currently, Eesee Launchpad and HyperX Launchpad have also launched the second wave of $XOXO IDO, which will end before XO is listed on the exchange.

ChainCatcher news, according to Cryptonews, Apple has taken action to prevent Japanese users from downloading the applications of cryptocurrency exchanges Bybit, Bitget, MEXC, Kucoin, and Bitcastle. Japanese media CoinPost reported that these blocks may be related to a series of warnings issued by the Financial Services Agency (FSA) in November 2024.

ChainCatcher news, KuCoin has reached a favorable settlement agreement with U.S. regulators, marking an important milestone in the company's development. According to the settlement agreement, the U.S. Department of Justice has agreed to dismiss all charges against KuCoin founder Michael Gan and co-founder Eric Tang upon meeting certain conditions.As part of the settlement agreement, Michael announced that he will step down from all positions related to KuCoin and its affiliates. In his statement, he expressed heartfelt gratitude for the trust and support from the KuCoin community and stated that he is confident in the leadership team led by BC Wong, believing that under their guidance, KuCoin will continue to grow and create value for users and the industry.Looking ahead, Michael stated that he will focus on new projects aimed at driving growth and innovation in the cryptocurrency industry.

ChainCatcher news, KuCoin has reached a settlement with the U.S. Department of Justice (DOJ). At the same time, the DOJ has also reached a settlement with KuCoin founders Chun Gan and Ke Tang, addressing past regulatory challenges.These resolutions mark a new chapter for KuCoin, highlighting its commitment to global compliance and sustained growth under the leadership of the new CEO BC Wong.

ChainCatcher news, the RWA modular blockchain project E Money Network token (EMYC) will be launched today at 14:00 (UTC) on trading platforms such as MEXC, gate.io, and KuCoin.It is reported that E Money Network is a modular blockchain that complies with MiCA standards. As an L1 blockchain, it aims to achieve seamless interoperability between DeFi 2.0 and RWA tokenization. The E Money Network ecosystem provides services such as RWA tokenization, launch platforms, lending, and on-chain credit scoring. Unlike traditional methods, E Money Network builds a modular foundation with identity, compliance, ownership, and custody proof.

ChainCatcher news, the exchange KuCoin has announced the appointment of BC Wong as its new Chief Executive Officer (CEO).BC Wong, known internally as "BC," is an experienced leader who has driven global regulatory engagement and addressed industry challenges during his tenure at BC.

ChainCatcher news, the traffic project Wave in the SUI ecosystem has recently officially announced the completion of its seed round financing, with leading investors including KuCoin Labs, the SUI Foundation, Web3Port Foundation, and Comma3 Ventures. The amount of financing has not been disclosed.As a leading project in the SUI ecosystem, Wave currently has over 4 million on-chain users and more than 600,000 monthly active users. Wave aims to gradually become the entry point for traffic and assets in the SUI ecosystem. It focuses on the user-friendly and seamless trading product Wave Trading based on Telegram, supports early high-quality projects in the SUI ecosystem through Wave Pad, and offers products in DeFi and GameFi, providing users with a one-stop experience for trading, airdrops, investments, games, and more.

ChainCatcher news, according to Cointelegraph, KuCoin has launched a peer-to-peer payment system called KuCoin Pay, allowing users to pay merchants directly from their exchange account balances. The tool supports payments in 54 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC).

ChainCatcher message, the RWA-driven reward ecosystem Lingo completed its TGE on December 12. According to Coingecko data, Lingo's tokens are now tradable on KuCoin, Gate.io, and MEXC. It is reported that Lingo is an innovative reward ecosystem that combines gamification and RWA-driven elements, with 8 million users.

ChainCatcher news, according to the official announcement, KuCoin has now opened HYPE deposits. Users who activate their deposit address before December 31 at 16:00 UTC can enjoy a 50 USDT fee discount. Hyperliquid is a Layer 1 blockchain optimized for high-performance financial applications, capable of processing 100,000 orders per second, with block latency of less than 1 second.

ChainCatcher news, according to TechiInasia, the blockchain platform Haven1 has completed a $4.6 million private fundraising, with participation from Animoca Brands and KuCoin Ventures. The funds will be used to enhance Haven1's blockchain infrastructure, which focuses on improving decentralized finance and tokenized real-world assets.Additionally, the Web3 asset data platform RootData shows that Haven1 is a purpose-built, EVM-compatible Proof of Authority (PoA) blockchain that provides a secure environment for on-chain financial transactions. Haven1 is built by Yield App.

ChainCatcher news, the modular L1 network U2U Network project token U2U will be listed on Kucoin, Gate, BingX, and MEXC exchanges on December 10 at 10 AM (UTC).Additionally, according to the Web3 asset data platform RootData, U2U Network is a DAG-based blockchain compatible with EVM, focusing on providing infinite scalability and on-demand decentralization.

ChainCatcher news, AISIM held a launch briefing for the Japanese market today in Hong Kong, supported by the global acceleration program of Web3Labs and KuCoin Labs. Leaders of Japan's largest Web3 investor community attended to discuss market plans, aiming for a sales target of 6 million USD by 2025.AISIM is a global traffic connection protocol for AI and DePIN, driving the continuous growth of the DePIN and AI ecosystem through AI-driven decentralized traffic distribution and an AI-governed economic system.

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.