🤔 NDV Opinion: Why a $10.3 Billion Investment in Upbit Is “Picking Up Money”
Author: Lin Wanwan Dongcha Beating
NDV argues that Upbit remains significantly undervalued despite a recent hack, citing strong profitability and market dominance. A planned merger between parent Dunamu and Naver Financial could support a U.S. IPO in 2026, potentially closing the valuation gap with global peers and positioning the group as a payments-exchange-stablecoin platform. #hack link
Author: Lin Wanwan Dongcha Beating
NDV argues that Upbit remains significantly undervalued despite a recent hack, citing strong profitability and market dominance. A planned merger between parent Dunamu and Naver Financial could support a U.S. IPO in 2026, potentially closing the valuation gap with global peers and positioning the group as a payments-exchange-stablecoin platform. #hack link
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🗣 #BTC Bitcoin will become the base layer of a new, cost-imposing internet as the current internet becomes flooded with AI spam. People will turn to Bitcoin to store information they want to preserve, as AI can generate infinite code, comments, and spam at zero marginal cost.
By Jason Lowery: link
By Jason Lowery: link
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🇻🇳📊 Vietnam’s State Securities Commission begins accepting applications from Jan 20, 2026 for licenses to organize crypto-asset trading markets.
Applicants must meet requirements including minimum paid-in charter capital of VND 10,000 billion, specified shareholder structure, and staffing/IT-security criteria. link
Applicants must meet requirements including minimum paid-in charter capital of VND 10,000 billion, specified shareholder structure, and staffing/IT-security criteria. link
🗣 Roman Storm’s case is ‘not an isolated dispute,’ according to the Solana Policy Institute, which is advocating for software developer protections. link
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🇺🇸📊 #BTC Bloomberg: Key arbitrage strategy in the cryptocurrency derivatives market is falling apart.
The "buy spot, sell futures" strategy, where Wall Street institutions bought BTC on the spot market and sold them on the futures market to profit from price differences, has faced a sharp reduction in spreads due to an influx of large volumes of funds.
Annual returns have decreased from around 17% a year ago to approximately 4.7% currently, barely covering the cost of capital. This mainly reflects the strategic withdrawal of large American accounts, such as hedge funds.
The maturation of the market has given institutions more tools to express directional views, resulting in narrower spreads between exchanges, naturally squeezing the arbitrage space. According to market participants, the era of almost risk-free high returns may have come to an end.
The "buy spot, sell futures" strategy, where Wall Street institutions bought BTC on the spot market and sold them on the futures market to profit from price differences, has faced a sharp reduction in spreads due to an influx of large volumes of funds.
Annual returns have decreased from around 17% a year ago to approximately 4.7% currently, barely covering the cost of capital. This mainly reflects the strategic withdrawal of large American accounts, such as hedge funds.
The maturation of the market has given institutions more tools to express directional views, resulting in narrower spreads between exchanges, naturally squeezing the arbitrage space. According to market participants, the era of almost risk-free high returns may have come to an end.
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📊 Bitpanda to launch stock and ETF trading as crypto exchanges pivot to full-stack financial apps #etf link
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🇪🇺📈 According to CoinGate, Bitcoin led crypto payments in 2025 with a 22.1% share, followed by USDT at 16.6% and Litecoin. TRX rose to 11.5% and ETH to 10.6%. The Bitcoin Lightning Network was the most used payment network, and Europe accounted for the largest crypto payment volume globally. link
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📊 Former FTX US President Brett Harrison’s Architect expands crypto-style perpetual futures into AI compute markets. link
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📊 TradeWars EU Postpones Vote on Ratification of Trade Agreement With the US
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💰 AllianceDAO Co-Founder Wang Qiao stated in a podcast that crypto tokens currently hold little appeal for him. He only holds Bitcoin and a small amount of other tokens; his stock-to-Bitcoin ratio is approximately 50/50. His largest investment is Google, and he also holds Tencent stock. link
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📊 According to Stablewatch data, at least 59 new stablecoins launched in 2025, falling into four categories:
16 U.S. Treasury-backed (e.g., Ripple’s RLUSD, WLFI’s USD1)
22 crypto-backed (e.g., USDf, DUSD)
16 non-USD stablecoins (e.g., DEURO, JPYC)
5 others. #stablecoin link
16 U.S. Treasury-backed (e.g., Ripple’s RLUSD, WLFI’s USD1)
22 crypto-backed (e.g., USDf, DUSD)
16 non-USD stablecoins (e.g., DEURO, JPYC)
5 others. #stablecoin link
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🧑💻 Solana activity jumps as Claude Code virality fuels a new token launch frenzy - link
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