Tag: Asset

Mirae Asset in Talks to Buy Korean Crypto Exchange Korbit: Report

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Mirae Asset Group is in talks to acquire Korbit, South Korea’s fourth-largest cryptocurrency exchange, in a deal valued at roughly 100 billion to 140 billion Korean won ($70 million to $100 million). The potential acquisition would be led by Mirae Asset Consulting, a non-financial affiliate of the group, which has reportedly signed a memorandum of understanding with Korbit’s major shareholders, according to a Sunday report from The Chosun Daily. Korbit is primarily owned by NXC and its subsidiary Simple Capital Futures, which together hold about 60.5% of the exchange. SK…

Bitcoin is Better Than Gold as a Long-Term Store of Value Asset: Analyst

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The price of Bitcoin (BTC) will outperform gold in the long run, and BTC holders should not sell their coins to pour into gold during its meteoric run to prices above $4,000 per ounce, according to Bitcoin advocate, educator and market analyst Matthew Kratter. BTC is a better store of value based on scarcity, portability, verifiability, divisibility, and other characteristics of money, Kratter said. He added:  “Gold supplies have increased somewhere between 1-2% annually for decades, if not for centuries. Now, this may not seem like a lot, but it…

Silver overtakes Google to become the 4th-largest asset by market cap

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Key Takeaways Silver has overtaken Alphabet to become the fourth-largest asset in terms of market capitalization. Tightening inventories and strong demand from renewable energy, electric vehicles, and data centers are driving the rally. Share this article Silver has overtaken Alphabet, Google’s parent company, to rank as the world’s fourth-largest asset by market capitalization, hitting roughly $3.7 trillion after prices broke above $66 for the first time ever. The milestone was achieved just days after the metal leapfrogged tech giant Microsoft to become the world’s fifth most valuable asset. Silver is…

DTCC taps Canton Network, Digital Asset to tokenize US Treasuries

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Key Takeaways DTCC selected Canton Network for its privacy-focused blockchain tokenization initiatives. The move highlights DTCC’s commitment to modernizing market infrastructure using distributed ledger technology. Share this article The Depository Trust & Clearing Corporation (DTCC) has partnered with Digital Asset and the Canton Network to enable the tokenization of US Treasury securities custodied by the Depository Trust Company (DTC), according to a Wednesday press release. The strategic collaboration marks DTCC’s first step towards making DTC-custodied assets available on-chain. The Wall Street giant was authorized last week to operate a real-world…

SEC issues guidance on crypto asset custody for retail investors

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Key Takeaways The SEC issued guidance explaining custody options and security tips for retail crypto asset investors. Investors must carefully choose between self-custody and third-party custody, each with distinct risks and responsibilities. Share this article The SEC’s Office of Investor Education and Assistance has released an Investor Bulletin to educate retail investors on crypto asset custody options. The bulletin covers the essentials of crypto wallets, including the distinction between hot and cold wallets, as well as the importance of securing private keys and seed phrases. It also provides guidance to…

Itaú Asset Recommends 1–3% Bitcoin Allocation for 2026

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Itaú Asset Management, the investment arm of Brazil’s largest private bank, Itaú Unibanco, has recommended that investors hold 1% to 3% of their portfolios in Bitcoin next year. In a new research note, Itaú Asset’s Renato Eid said that the global backdrop of geopolitical tension, shifting monetary policy and persistent currency risks strengthens the case for adding Bitcoin (BTC) as a complementary asset. He called Bitcoin “an asset distinct from fixed income, traditional stocks, or domestic markets, with its own dynamics, return potential, and — due to its global and…

UAE’s Layered Digital Asset Strategy

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The United Arab Emirates is not choosing between Bitcoin and broader crypto. Instead, it is deliberately building both, in different cities and for different stages of adoption. Abu Dhabi, the capital of the UAE, has positioned itself as a hub for Bitcoin (BTC)-focused institutional infrastructure, emphasizing custody, over-the-counter (OTC) liquidity, mining and regulated capital markets. Dubai, by contrast, has built a broader crypto economy that spans payments, stablecoins, Web3 apps, gaming, tokenization and consumer-facing products.  While this shows a distinction, industry participants noted that it reflects a layered strategy and…

CFTC withdraws outdated crypto delivery guidance amid broader digital asset reform

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Key Takeaways The CFTC has withdrawn outdated guidance on the actual delivery of virtual currencies. This decision aligns with broader digital asset reforms and aims to foster innovation while ensuring market safety. Share this article The Commodity Futures Trading Commission has withdrawn outdated guidance on the “actual delivery” of virtual currencies, citing major developments in crypto markets since the rules were introduced. “Actual delivery” refers to when a buyer obtains full control of a digital asset, such as custody in a personal wallet, without interference or control by a third…

Silver overtakes Microsoft to become the world’s 5th-largest asset by market cap

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Key Takeaways Silver’s market cap surged above $3.59 trillion, surpassing Microsoft to become the world’s fifth-largest asset. This record rally was driven by inflation-hedge demand and followed the US Federal Reserve’s recent rate cut. Share this article Silver overtook Microsoft today to become the world’s fifth-largest asset by market capitalization, reaching $3.59 trillion after breaking above $63 for the first time ever. The metal has gained over 150% since early 2024, when it traded near $25, fueled by investor demand for inflation hedges and industrial alternatives to gold and digital…

Ondo Finance joins Blockchain Association to advance US digital asset policy

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Key Takeaways Ondo Finance, a tokenized Treasury protocol, has joined the Blockchain Association. This partnership aims to advance pro-innovation digital asset policies in the United States. Share this article Ondo Finance, a tokenized Treasury protocol, today joined the Blockchain Association to help advance pro-innovation digital asset policies in the US. The move comes after Ondo concluded an SEC investigation, clearing the path for its expansion in tokenized asset operations. The platform tokenizes real-world assets to bring institutional-grade finance onchain while maintaining regulatory compliance through alignment with SEC practices. The Blockchain…