ChainCatcher news, the listed digital asset company DeFi Technologies announced its monthly business data, with its subsidiary Valour reaching an asset management scale of 1.18 billion CAD (819 million USD) as of December 31, a decrease of 11% from the previous month and an increase of 133% year-on-year.Valour achieved a record net inflow of 56 million CAD (38.8 million USD) in December, thanks to the launch of ETPs such as SUI, DOGE, and APT, as well as 20 new digital asset ETPs on the Spotlight Stock Market.Additionally, as of the end of December, Valour's cash and USDT balance was approximately 22 million CAD (15.2 million USD), an increase of 25.6% from the previous month. Payable loans remained stable at around 8.3 million CAD (6 million USD). The company also increased its DOT holdings while maintaining a diversified asset portfolio, including 208.8 BTC, 121 ETH, 586,683 ADA, 131,616 DOT, 14,375 SOL, 490.5 UNI, 433,322 AVAX, and 1,701,703 CORE tokens. The total value of the portfolio was approximately 58.9 million CAD (40.7 million USD), a decrease of 16% from the previous month due to a decline in digital asset prices compared to the previous month.

ChainCatcher news, according to South Korean media reports, South Korean cryptocurrency exchange Bithumb has reorganized its subsidiary Bithumb Meta into Bithumb Partners and increased its capital to 30 billion won (approximately 23 million USD). The new company will focus on short-term investment businesses such as stocks and convertible bonds.This move is interpreted by the market as Bithumb preparing for an IPO. Previously, investors in Bithumb Meta, including LG CNS, CJ OliveNetworks, and SK Square, had liquidated their holdings in the second half of last year. The newly established Bithumb Partners is wholly owned by Bithumb, and its business model is similar to the investment company that Bithumb planned but later canceled in a personnel spin-off scheme last March.A Bithumb-related person stated that the decision to reorganize the existing company rather than establish a new one was mainly due to considerations of time costs. The new company will focus on managing Bithumb's existing assets and investing in short-term financial products, with potential future expansion into roles as strategic investors (SI) or financial investors (FI).

ChainCatcher news, according to Finance Magnates, Coinbase has acquired the Cyprus subsidiary of BUX (formerly known as Stryk) and has renamed the entity to Coinbase Financial Services Europe.With this acquisition, Coinbase now holds a Cyprus Investment Firm (CIF) license, which authorizes it to offer Contracts for Difference (CFD) products. Additionally, Coinbase can leverage this Cyprus license to provide financial products to other European Economic Area (EEA) member states.

ChainCatcher news, Nasdaq-listed cryptocurrency mining chip manufacturer Nano Labs announced that it has officially renamed its wholly-owned subsidiary Tsuki HK Limited to Nano bit HK Limited. This subsidiary will engage in Bitcoin-related business within the Bitcoin ecosystem.

ChainCatcher news, the U.S. Securities and Exchange Commission (SEC) stated that Jump Trading subsidiary Tai Mo Shan Ltd. will pay $123 million to settle allegations of misleading investors by stabilizing the coin during the collapse of TerraUSD.The company, related to Jump's cryptocurrency division, made significant purchases during the collapse of TerraUSD to support the failed stablecoin's peg to $1, thereby deceiving the market. The SEC accused Tai Mo Shan of negligence, noting that it executed trades worth $20 million that created a false impression of TerraUSD's stability.The regulator also emphasized the company's role in underwriting TerraUSD's sister token Luna, claiming it was involved in the issuance of unregistered securities.

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) has charged Jump Trading's wholly-owned subsidiary Tai Mo Shan with misleading investors regarding the stability of Terra USD (UST), a so-called "algorithmic stablecoin" issued by Terraform Labs PTE Ltd. (Terraform).The Commission also accused Tai Mo Shan of acting as a statutory underwriter by issuing and selling securities in unregistered transactions, with LUNA being the cryptocurrency asset issued by Terraform, treated as securities for issuance and sale.As part of a settlement agreement, Tai Mo Shan agreed to pay $73,452,756 in illegal gains, $12,916,153 in pre-judgment interest, and $36,726,378 in civil penalties. Tai Mo Shan neither admits nor denies the findings of the SEC's investigation and agrees to cease violations of registration and fraud provisions.

ChainCatcher news, the French financial market regulator Autorité des Marchés Financiers (AMF) has approved the French bank BPCE to conduct cryptocurrency business.According to the official notice released by the AMF on December 20, BPCE's cryptocurrency subsidiary Hexarq has obtained authorization as a Crypto Asset Service Provider (CASP). With this approval, Hexarq is officially authorized to provide a range of crypto services, including crypto custody, as well as the buying, selling, and trading of cryptocurrencies against euros.

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, Bitwise CEO Hunter Horsley revealed on social media that a Spanish bank has allocated 2% of its funds managed through its fund to the Bitwise Aptos Staked ETP (trading code: APTB) listed on the Swiss Stock Exchange (SIX). Horsley stated that an increasing number of professional investors from financial institutions are entering the cryptocurrency space, and crypto assets are gradually moving towards mainstream adoption.

ChainCatcher news, after months of investigation by the U.S. federal government into Block's compliance practices, Cash App has decided to terminate the Bitcoin transfer feature via user tags, raising concerns among users about the app's ability to handle risks.Cash App announced on its help page that it will "no longer support sending and receiving Bitcoin between $cashtags starting December 20, 2024." The company noted that users can still send and receive Bitcoin using the Lightning Network or the Bitcoin blockchain.An inspection by the Wayback Machine in October showed no such notification. Furthermore, this change appears to only affect Bitcoin transfers and does not seem to impact other services, such as sending stocks or cash via the unique identifier cashtags.

ChainCatcher news, according to Hong Kong media Xin Bao, SC Ventures, a subsidiary of Standard Chartered, revealed that its tokenization platform Libeara will launch a dollar-tokenized money market fund in Singapore this month, initially on the Ethereum mainnet. Alexandre Deschatres, the head of business development at Libeara, stated in an interview that before a full on-chain launch, they will assess the liquidity of U.S. Treasury bonds with Wellington Asset Management and Fundbridge.

ChainCatcher news, according to Nikkei, the Japanese cryptocurrency exchange DMM Bitcoin will cease operations and sell its assets to a subsidiary of SBI Group.Due to the theft of Bitcoin worth 48.2 billion yen that occurred at the end of May this year, which led to restricted services, the company has abandoned its plans for restructuring. Customer assets held by DMM Bitcoin are expected to be transferred to SBI Group's cryptocurrency exchange SBIVC Trade around March 2025.

ChainCatche news, the encrypted trading platform Legend Trading's subsidiary Legend Financial Ireland Limited has been approved by the Central Bank of Ireland as a Virtual Asset Service Provider (VASP). Additionally, Legend Trading is applying for a Crypto Asset Service Provider (CASP) license under the Markets in Crypto-Assets Regulation (MiCA). In Ireland, VASPs registered and operating before December 30, 2024, can continue their business under the transitional provisions set by MiCA while submitting their CASP authorization application.

ChainCatcher news, according to News1, South Korean telecom giant SK Telecom's subsidiary SK Planet announced a business agreement with Animoca Brands to collaborate on its marketing platforms such as OK Cashback and Syrup. In the future, SK Planet plans to establish processes for OK Cashbag and Syrup members to experience various services of Mocha Bus and provide Animoca Brands' Mocha Coin during events.

ChainCatcher news, according to The Block, digital asset service provider BitGo announced the establishment of a subsidiary in Singapore, aiming to expand its business in the Asia-Pacific region. BitGo Singapore will offer cold storage services for over 1,100 digital assets, while also supporting features such as voice trading, automated settlement, and token management, targeting institutional users such as foundations and protocols.Previous report, BitGo obtained a major payment institution license from the Monetary Authority of Singapore (MAS) in August this year, allowing it to legally conduct digital asset services in Singapore.

ChainCatcher news, according to The Block, Digital Currency Group (DCG) is launching a new subsidiary focused on artificial intelligence, Yuma, to support the development of the open-source Bittensor network. This move represents the fusion of the cryptocurrency and artificial intelligence sectors, providing capital and technical resources for startups and established companies to build projects on Bittensor.Bittensor is a decentralized protocol that supports blockchain-based machine learning networks. DCG first invested in Bittensor in 2021. The company has also invested in several decentralized AI companies, including Tensorplex, Natix, and Flock. DCG founder Barry Silbert will serve as the CEO of Yuma.

ChainCatcher news, Société Générale's subsidiary SG Forge will deploy its euro stablecoin EURCV on the XRP Ledger network. By deploying on XRPL, SG-FORGE aims to benefit from the network's cross-border payment and tokenization capabilities, promoting its fast settlement and low-cost transactions. EURCV will be issued using Ripple's custody service.RippleX Senior Vice President Markus Infanger stated, "Introducing trusted bank-grade stablecoins like EURCV to XRPL is crucial for enabling institutional use cases such as payments, which is a core focus for Ripple."EURCV was launched in 2023 on Ethereum and is a highly regulated product.

ChainCatcher news, according to Cointelegraph, the cryptocurrency investment platform DeFi Technologies has created a new company called SolFi, aiming to become "the MicroStrategy of Solana."DeFi Technologies stated that its subsidiary SolFi is fully focused on "providing investors direct access to the Solana blockchain ecosystem through proprietary trading, validator node operations, and ecosystem investments." It added that SolFi will compete with existing SOL staking platforms, aiming to offer higher staking SOL yields.

ChainCatcher news, according to Techinasia, Animoca Brands' Mocaverse has completed a $10 million funding round, bringing the total funding to $31.88 million. Investors include OKX Ventures, CMCC Global, and HongShan.The funds will primarily be used to develop consumer crypto infrastructure.According to RootData, Mocaverse is a metaverse product under Animoca Brands, where Mocas are a group of bold and infinitely creative beings who call Mocaverse home. However, the expansion of space has caused the Mocas to separate, increasing the distance between them tenfold. Additionally, the Mocaverse team is building Web3 native tools to enhance the capabilities of products in the gaming, culture, and entertainment verticals, allowing users to create their own digital identities, accumulate reputations, and earn and spend loyalty points.

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.