According to ChainCatcher news, the latest Dispatch report from Nexo discusses the recent cryptocurrency market:Bitcoin: Bitcoin reaching $100,000 may become a key support zone, with $2 billion flowing into spot ETFs at the beginning of January further solidifying this support level. Historical trends indicate that Bitcoin may rise further in January, as it has previously increased by 20-30% during this period. The report also notes that institutional investors like MicroStrategy will continue to accumulate Bitcoin.Ethereum: With the number of long-term holders continuously increasing (currently accounting for over 75% of investors) and strong inflows into spot ETFs, combined with high leverage in the futures market, there is optimism about this asset in 2025, suggesting that Ethereum is also poised for growth.Solana: At the beginning of 2025, Solana faces potential resistance due to a surge in market activity, and its development trajectory remains uncertain. Although technical indicators show bullish momentum, a sell-off may occur.Meanwhile, the broader cryptocurrency market is experiencing volatility due to the unlocking of billions of dollars in tokens this month, with daily releases of assets like Solana and Dogecoin (DOGE) expected to impact short-term price movements.The report emphasizes that some macroeconomic factors, such as U.S. labor market statistics, are significant influences on cryptocurrency demand, particularly for Bitcoin.

ChainCatcher news, according to Lookonchain monitoring, a whale associated with Nexo has recharged 4,946 ETH (approximately 17.2 million USD) to Binance in the past hour.Since December 2, Nexo has cumulatively recharged 114,262 ETH (approximately 423.3 million USD) to Binance, with an average price of 3,705 USD.

ChainCatcher news, according to Lookonchain monitoring, 1 hour ago, Nexo deposited 7,495 ETH (approximately 25 million USD) to Binance again.Nexo has deposited a total of 101,756 ETH (approximately 380 million USD) to Binance, with an average price of 3,737 USD.

ChainCatcher news, The ETF Store President Nate Geraci posted on social media that Nexo 7RCC has submitted the S-1 amendment for the world's first Bitcoin and carbon credit futures mixed ETF. The fund adopts a portfolio of 80% Bitcoin and 20% carbon credit futures, tracking carbon trading systems such as EU carbon emission allowances, California carbon allowances, and the Regional Greenhouse Gas Initiative. The SEC has approved its 19b-4 filing, which is seen as the ESG version of Bitcoin ETF. The fund's price fluctuations will be influenced by the spot price of Bitcoin, carbon credit allowances, and their futures prices.

ChainCatcher news, Nexon's Web3 subsidiary Nexpace plans to establish an independent office in Abu Dhabi next year and significantly expand its development team. Nexpace has already begun personnel transfers this year, and as of this month, about 10 employees are working in Abu Dhabi.

ChainCatcher news, according to Lookonchain monitoring, a whale address associated with Nexo unstaked 18,000 ETH (approximately 7.08 million USD) one hour ago and transferred it to Binance.Since December 2, this address has transferred a total of 72,419 ETH to Binance, with a total value of approximately 270.6 million USD. Currently, this address still holds 42,108 ETH, worth approximately 16.5 million USD.

ChainCatcher news, according to Lookonchain monitoring, a wallet suspected to be associated with Nexo has deposited 15,650 ETH (worth 57.3 million USD) to Binance in the past hour.Since December 2, the wallet has cumulatively deposited 47,954 ETH (worth 175.6 million USD) to Binance.

ChainCatcher news, Nexon's web3 subsidiary Nexpace has launched the second game test of MapleStory N, which will take place from November 20 to 29. Due to the growing demand from the community, this test is open to everyone, unlike the last test in July, but access is geographically restricted. It is reported that MapleStory N is a blockchain game based on the well-known MapleStory IP, expected to be released in 2025. Regarding the latest game test, it also includes free ecosystem applications such as the MapleStory Universe marketplace and Explorer platform. In addition to exploring the game, its web3 features, and additional applications, participants can also earn in-game rewards, including NESO, decorative items, and pre-registration bonuses. Furthermore, users have the chance to earn MSU ecosystem tokens.

ChainCatcher news, according to Edaily, South Korea's two major gaming companies Nexon and Wemade have confirmed that they currently have no plans to profit from their holdings of Bitcoin.Nexon holds only 1,717 Bitcoins, with an average purchase price of $58,226 per coin. The company emphasizes that Bitcoin is regarded as an asset equivalent to cash and has no intention of engaging in short-term trading based on market fluctuations.Wemade holds 223 Bitcoins but has not disclosed its average purchase price. A representative from the company clarified that the purchase of Bitcoin is purely for investment purposes, and there are currently no plans to liquidate it. Both companies stated that they intend to hold Bitcoin as a long-term investment.

ChainCatcher news, according to Point Daily, after Donald Trump won the U.S. presidential election, cryptocurrency prices soared, and South Korean video game developer Nexon made a substantial profit from its Bitcoin investments.Nexon's Japanese subsidiary purchased 1,717 Bitcoins in 2021 at an average price of $58,226 each, totaling $100 million. With the current Bitcoin price at around $89,000, the value of these Bitcoins has increased to approximately $152.81 million, achieving a gain of about 52.8%.

ChainCatcher news, the crypto lending institution Nexo has repositioned itself as a digital asset wealth platform, having updated its website and logo, and revamped its user interface to emphasize flexibility and compliance.Nexo's Chief Product Officer Elitsa Taskova stated, "Our new image reflects Nexo's evolution into a sophisticated digital asset wealth platform. In the future, we will focus on highly personalized premium services."

ChainCatcher news, according to Arkham monitoring, about 15 minutes ago, the Nexo marked address transferred 437 WBTC to Binance, approximately 24.95 million dollars.

ChainCatcher message, the crypto lending institution Nexo has reopened registration for UK customers after a series of upgrades to meet the compliance requirements of the UK's Financial Conduct Authority (FCA).This upgrade was implemented in collaboration with Gateway 21 (an FCA-authorized and regulated financial promotion approval body), and the changes include providing a cooling-off period and dedicated risk warnings for UK customers. Users are also required to complete an investor classification questionnaire and a suitability assessment before using the platform, which has become standard practice for cryptocurrency companies serving UK customers.

ChainCatcher news, according to Cointelegraph, Nexo's brokerage head Andrey Stoychev believes that ETF approval could be the strongest price catalyst for ETH in the current bull market cycle. Ethereum ETFs in the U.S. and similar products in Asia could drive ETH to reach $10,000 by the end of 2024, outperforming Bitcoin's performance after ETF approval.

ChainCatcher news, according to CoinDesk, the crypto lending platform Nexo has received preliminary approval from the Dubai Virtual Assets Regulatory Authority (VARA) to become a licensed entity in Dubai.It is reported that obtaining a full license includes three phases: preliminary temporary license, preparatory license, and operating license. Nexo's regional entity Nexo DTC is seeking full approval for lending and borrowing, management and investment, as well as brokerage proprietary trading.

According to ChainCatcher news, as reported by Chosun Biz, sources indicate that NXC, the holding company of South Korean gaming giant Nexon and the largest shareholder of one of South Korea's top five cryptocurrency exchanges, Korbit, is seeking to sell its 48% stake. NXC acquired a 62% stake in Korbit for 93 billion won in 2017, and its share was diluted after SK Square, an investment company under the SK Group, joined as the second-largest shareholder in 2021. An official from NXC stated, "We cannot make a formal statement at this stage."The report indicates that Korbit's performance has gradually deteriorated over the six years since being acquired by NXC. A deficit is also expected in 2023. NXC stated at the beginning of its investment that it would not directly participate in Korbit's management, and industry insiders analyze that even if Korbit falls into difficulties, NXC has not provided significant support to the exchange.

ChainCatcher news, according to a report by Reuters, cryptocurrency lending company Nexo is seeking $3 billion in damages from Bulgaria over a halted criminal investigation, claiming that the investigation derailed its plans to go public in the U.S. and a football sponsorship deal. "The investigation tarnished its reputation and undermined shareholder value."The International Centre for Settlement of Investment Disputes (ICSID), based in Washington, is an international arbitration institution that handles disputes between international investors and states. Its website shows that the case was registered on January 18. An ICSID spokesperson could not confirm the amount of damages requested or other details. The Bulgarian Ministry of Finance stated that it has received the arbitration request from the ICSID, which will be reviewed by a specialized interdepartmental committee before proposing next steps. The prosecutor's office is also one of the defendants in the case.Previous reports indicated that Bulgarian authorities had dropped the money laundering investigation against Nexo executives. The investigation was launched on September 29, 2022, focusing on allegations of involvement with organized crime groups and unauthorized banking activities through Nexo. Under relevant laws, four Nexo executives were accused of operating an organized crime group from 2018 to January 2023. Additionally, two of them faced charges for conducting unauthorized banking transactions between June 2018 and January 2023, involving lending and deposits in various currencies on the Nexo platform without proper authorization under the Credit Institutions Act (CLI).

ChainCatcher news, the Sofia Prosecutor's Office has withdrawn the money laundering investigation against Nexo executives, as their actions were deemed legal.The investigation was initiated on September 29, 2022, focusing on allegations of involvement in organized crime groups and unauthorized banking activities through Nexo. According to relevant laws, four individuals were accused of operating an organized crime group from 2018 to January 2023. Additionally, two of them faced charges for conducting unauthorized banking transactions from June 2018 to January 2023, involving lending and depositing various currencies on the Nexo platform without the proper authorization under the Credit Institutions Law (CLI).