BitcoinWorld Alleged Violations: Ex-Presto CEO Kim Indicted Under South Korea Capital Markets Act In a significant development from Seoul, the former head of Presto Investment Management, Kim Ki-soo, alongside his son, Kim Yong-jin, who leads Presto Labs, are now facing serious legal challenges. This case shines a spotlight on regulatory compliance within South Korea’s financial landscape, particularly concerning investment disclosures. It’s a story that captures the attention of anyone following legal actions against prominent figures in the finance and digital asset sectors. What Triggered the South Korea Capital Markets Act Charges? The core of the allegations against Kim Ki-soo, the former CEO of Presto Investment Management and once a significant shareholder in DAOL Investment & Securities, centers on alleged violations of South Korea’s stringent Capital Markets Act. According to reports from The Korea Economic Daily, prosecutors in Seoul have formally indicted both Kim Ki-soo and his son, Kim Yong-jin. Kim Yong-jin is the CEO of Presto Labs, a firm active in both traditional and digital finance and is the primary shareholder of Presto Investment Management. Authorities claim the issue arose following a notable event in April 2023. After a sharp decline in DAOL’s stock price, partly triggered by a large stock offload by Société Générale, Kim Ki-soo reportedly acquired a substantial stake in DAOL Investment & Securities – specifically, more than 5% of the company. The alleged violation stems from the subsequent disclosure process. The Allegations: Improper DAOL Investment Stake Disclosure Prosecutors allege that when Kim Ki-soo first disclosed acquiring over a 5% DAOL Investment stake, he failed to accurately or properly state the true purpose behind the purchase. Initially, the disclosure was filed, categorizing the acquisition merely as a ‘general investment’. However, the situation changed several months later. In September 2023, the disclosure was amended. This amended filing reportedly indicated a different intention – an intent to influence the management of DAOL Investment & Securities. The discrepancy between the initial filing and the amended one is central to the charges brought under the South Korea Capital Markets Act. Key points regarding the alleged disclosure failure include: Acquisition Threshold: Acquiring more than 5% of a company’s shares triggers specific disclosure requirements under the Capital Markets Act. Initial Disclosure: Filed as a ‘general investment’, suggesting a passive stake. Amended Disclosure: Changed to indicate an ‘intent to influence management’, suggesting a more active or strategic stake. Prosecution’s View: Authorities allege the initial filing was misleading regarding the true purpose of the acquisition. Who is Affected by the Kim Ki-soo Indictment? The indictment directly impacts Kim Ki-soo, the former Presto CEO indictment, and his son, Kim Yong-jin, the current Presto Labs CEO. Both individuals are now facing legal proceedings in South Korea. Presto Investment Management and Presto Labs, the entities associated with the Kims, are also indirectly involved as the case pertains to actions taken by their key figures and related to their investment activities. This case serves as a reminder of the strict regulatory environment in South Korea regarding significant shareholdings and the importance of transparent and accurate disclosures, especially under the watchful eye of the Capital Markets Act. Understanding the Role of Presto Labs CEO Kim Yong-jin The indictment also includes Kim Yong-jin, the Presto Labs CEO. Presto Labs is described as a financial services firm operating in both digital asset and traditional finance markets. It is also the largest shareholder of Presto Investment Management, linking the two entities closely. While the primary allegation regarding the DAOL Investment stake disclosure focuses on Kim Ki-soo’s actions, the inclusion of Kim Yong-jin in the indictment suggests prosecutors believe he also bears responsibility or was involved in the alleged disclosure violations. Challenges and Implications This Presto CEO indictment highlights several challenges within the investment and regulatory landscape: Regulatory Scrutiny: South Korean authorities are actively monitoring significant investment activities and enforcing disclosure rules. Disclosure Accuracy: Investors holding substantial stakes must ensure the stated purpose of their investment accurately reflects their intentions to avoid legal issues. Interplay of Traditional and Digital Finance: The involvement of Presto Labs, a firm in both traditional and digital asset markets, underscores the increasing intersection of these two worlds and the application of existing regulations to participants across both sectors. The outcome of this case will likely set a precedent regarding the interpretation and enforcement of disclosure requirements for significant share acquisitions under the South Korea Capital Markets Act. Conclusion: Awaiting the Outcome The indictment of former Presto CEO Kim Ki-soo and Presto Labs CEO Kim Yong-jin marks a significant legal challenge for the father-son duo and the associated firms. The case hinges on the alleged misrepresentation of the purpose behind acquiring a substantial DAOL Investment stake, bringing the spotlight firmly onto compliance with the South Korea Capital Markets Act. As the legal process unfolds, the finance and digital asset communities in South Korea and beyond will be watching closely to understand the implications for investment disclosure practices and regulatory enforcement. To learn more about the latest explore our articles on key developments shaping South Korea’s financial regulations and investment landscape. This post Alleged Violations: Ex-Presto CEO Kim Indicted Under South Korea Capital Markets Act first appeared on BitcoinWorld and is written by Editorial Team
3iQ Digital Asset Management has announced a significant breakthrough with the launch of its 3iQ XRP ETF (Ticker: $XRPQ) on the Toronto Stock Exchange. In just three trading days, the fund has already attracted C$32 million in assets under management (AUM), establishing itself as the largest XRP-focused exchange-traded fund in Canada. This milestone highlights growing investor demand for regulated exposure to XRP, one of the world’s most recognized digital assets. XRPQ: Breaking New Ground in North America The 3iQ XRP ETF is among the first of its kind in North America, offering investors indirect access to XRP in a regulated, exchange-listed format. By structuring the product as a traditional ETF, 3iQ eliminates the challenges commonly associated with holding digital assets, such as custody, wallet management, and exchange risk, making it more accessible to both institutional and retail investors. We are pleased to announce that after just three days of trading on the Toronto Stock Exchange (TSX), the 3iQ XRP ETF (Ticker: $XRPQ ) has accumulated C$32 million in assets under management, making it the largest exchange-traded fund focused on #XRP in Canada. XRPQ is one of the… pic.twitter.com/o6wX7jREqZ — 3iQ Digital Asset Management (@3iq_corp) June 23, 2025 To further enhance its appeal, 3iQ is offering the fund with a 0% management fee for the first six months . This competitive pricing structure has undoubtedly contributed to the strong inflow of capital. Pascal St-Jean, President and CEO of 3iQ, commented on the success: “Our XRP ETF’s impressive success after only a few days of trading, similar to what our Solana Staking ETF experienced very shortly after its launch, underscores the benefits we offer to both retail and institutional investors looking to increase exposure to digital assets.” Canada Leads as U.S. XRP ETF Applications Stall XRPQ’s early success also reflects Canada’s progressive stance on digital asset regulation, especially compared to the regulatory environment in the United States. While Canada has embraced a broad range of crypto ETFs beyond Bitcoin and Ethereum, the U.S. Securities and Exchange Commission (SEC) has yet to approve any XRP-based ETFs. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Several asset managers, including Bitwise, have either applied for or expressed interest in launching spot XRP ETFs in the U.S. However, these applications remain in limbo amid continued regulatory uncertainty. In contrast, Canadian regulators have taken a more open approach, enabling 3iQ to gain a crucial first-mover advantage. This regulatory clarity has allowed the firm to launch XRPQ at a time when demand for digital asset exposure is steadily increasing across global markets. A Gateway to Institutional-Grade XRP Exposure XRP’s value proposition, such as fast, low-cost, cross-border transactions, has long made it attractive to investors looking beyond Bitcoin and Ethereum. The launch of XRPQ taps into this growing interest while providing a secure, professionally managed avenue for exposure. With C$32 million in AUM achieved within days, the fund is already signaling strong market conviction. As 3iQ continues to pioneer innovative digital asset products, the success of its XRP ETF could pave the way for further XRP-focused financial instruments in other jurisdictions. For now, XRPQ stands as a landmark achievement, offering investors a powerful, regulated gateway into one of the most utility-driven assets in the crypto space. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post 3iQ Digital Makes Bullish Announcement On First Spot XRP ETF Progress appeared first on Times Tabloid .
Sequans Communications S.A., a France-based semiconductor firm specializing in 4G and 5G Internet of Things (IoT) technologies, announced Monday it intends to raise approximately $384 million through private placements in equity and convertible debt, to fund a Bitcoin treasury. According to a press statement from the company, the funding round comes alongside a partnership with Swan Bitcoin, a US-based Bitcoin investment and treasury management platform. Equity and debt placement terms finalized Sequans has reportedly entered into definitive agreements to issue around $195 million in equity and $189 million in secured convertible debentures. The combined gross proceeds will total approximately $384 million. The funding will be raised through two separate private placements, one for equity and one for debt . The equity component includes the sale of approximately 1.39 billion ordinary shares, equivalent to 139.3 million American Depositary Shares (ADSs), along with common warrants exercisable within 90 days. The securities are priced at a combined $1.40 per ADS and warrant, or $0.14 per ordinary share and warrant. In total, this tranche is expected to raise $195 million. “ The debt portion includes secured convertible debentures amounting to $189 million and additional common warrants for roughly 202.5 million ordinary shares, also exercisable within 90 days of closing ,” the statement read. Companies seek crypto holdings expansion According to Sequans CEO Georges Karam, the Bitcoin treasury strategy is a long-term bet on the potential of the digital asset’s growth. “ Our bitcoin treasury strategy shows our strong conviction in bitcoin as a premier asset and a compelling long-term investment ,” Karam surmised. “ We believe bitcoin’s unique characteristics will enhance our financial resilience and deliver significant value to our shareholders .” Still, the company reiterated that it is dedicated to its telecommunications mission. “ We continue to support our customers with a robust 4G and 5G product roadmap, ” Karam added. Northland Capital Markets and B. Riley Securities will be the joint lead placement agents, while Yorkville Securities could be added as an additional placement agent. Legal counsel for Sequans includes Lowenstein Sandler LLP in the US and ARCHERS (AARPI) in France. Goodwin Procter LLP is advising the placement agents in both jurisdictions. Meanwhile, ECD Automotive Design Inc., a US restorer of luxury Land Rover and Jaguar vehicles, announced it has signed a $500 million equity facility with ECDA Bitcoin Treasury LLC. Much like Sequans, the company said the funding will support its plans to implement a Bitcoin treasury strategy. “ We are excited to secure this significant financing option, which strengthens our financial foundation and enables us to diversify our treasury strategy with Bitcoin ,” Ben Piggott, CFO of ECD Automotive Design, said in a press conference earlier today. NYSE compliance bump amid crypto collaboration The announcement comes shortly after Sequans received a compliance warning from the New York Stock Exchange. On June 5, 2025, the NYSE issued a notice indicating that the company no longer met listing requirements under Section 802.01B of the NYSE Listed Company Manual. The deficiency lies in Sequans’ global market capitalization falling below $50 million over a 30-day trading period, combined with shareholder equity also below that threshold. The notice requires the company to submit a plan within 90 days detailing how it intends to regain compliance within a nine-month period. The NYSE will review the proposed plan and determine within 45 days if Sequans has a credible way to reinstate its compliance. The company’s ADSs will continue trading during the review and cure period, provided other listing standards are met. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
Honeypot scams in crypto deceptively trap investors by allowing token purchases but blocking sales, effectively locking funds through manipulated smart contracts. These scams have evolved to include tampered hardware wallets
The US got involved in the tension between Israel and Iran and hit Iran. This situation negatively affected Bitcoin (BTC) and altcoins, with the BTC price falling below the psychological level of $100,000. While the downward anxiety continues in the markets and investors, Singapore-based analysis company QCP Capital evaluated the latest situation. At this point, QCP analysts first noted that the recent sell-off in BTC constituted its lowest print since breaking the psychological $100,000 level on May 8. The sell-off in Bitcoin and major altcoins was triggered by Iran’s threat to close the Strait of Hormuz, a move seen as damaging to global oil flows. However, Bitcoin returned above $100,000 this morning, suggesting that the pullback over the weekend was mainly due to macro factors. At this point, despite Iran's threats of retaliation against the US, the market believes that the possibility of a major conflict is limited and the US is pressuring Iran through diplomatic channels to surrender and stop. According to analysts, this played a role in stabilizing the market. QCP also said that traditional markets also reacted calmly to the developments between the US and Iran over the weekend, as US stock futures, oil and gold prices returned to Friday levels after initial fluctuations. This suggests that investors see this as a regional risk rather than a global crisis. Analysts say the Bitcoin market is at a critical turning point balancing risk appetite and safe-haven demand amid geopolitical uncertainty. “….Still, BTC is consolidating near the $100,000 level even after a surge in leveraged long positions. This makes the next few days particularly important. The market remains at a crossroads where digital assets are straddling a critical line between risk-on momentum and risk-off defensiveness amid ongoing geopolitical uncertainty.” The analytics firm also listed the key events to watch this week as follows: “Tuesday (Jun 24): Fed Chair Powell's Speech Wednesday (Jun 25): Fed Chair Powell's Speech Thursday (Jun 26): US GDP and Unemployment Data Friday (Jun 27): US Core PCE” *This is not investment advice. Continue Reading: QCP Capital Shares Its Expectations for Bitcoin (BTC) in the Shadow of US-Iran Tension! "We Are in a Critical Week!"
Honeypot scams lure crypto investors into buying tokens they can’t sell, locking their funds through smart contract tricks.
BitcoinWorld Revealed: Top 10 Crypto Keywords Powering the Korean Community Last Week Curious about what’s buzzing in one of the world’s most active crypto markets? The South Korean crypto community, often dubbed the K-Community, is a significant force in shaping global sentiment and trading volumes. Understanding which digital assets are capturing their attention provides invaluable insight into emerging trends and market focus. Last week, from June 13 to 19, the Bitcoin World K-Community platform offered a fascinating glimpse into the tokens that were most searched for and discussed. Understanding the Korean Crypto Community ‘s Focus The data collected from the Bitcoin World K-Community platform highlights the distinct interests within this vibrant market. We can break down their focus into two key areas: what they are actively searching for and what they are mentioning in discussions. These two metrics don’t always align perfectly, offering a nuanced view of engagement. What Were the Top Crypto Searches Korea ? When the K-Community members went looking for information, certain tokens stood out significantly. The volume of searches often indicates potential interest, research activity, or perhaps reaction to recent price movements or news. Here are the top 10 most searched tokens: XRP : 60,593 searches – Leading by a massive margin, indicating strong, sustained interest. ETH : 17,970 searches – Ethereum remains a core interest, likely due to its foundational role and ongoing developments. BTC : 17,252 searches – Bitcoin, the market leader, consistently ranks high. ONDO : 14,156 searches – A notable presence, suggesting growing interest in this specific altcoin. SOL : 11,383 searches – Solana continues to attract significant search volume. UXLINK : 10,318 searches – Another altcoin making a strong appearance in searches. RVN : 6,508 searches – Ravencoin shows persistent search interest. ZKJ : 5,716 searches – An intriguing entry, indicating specific community focus. ORBS : 5,377 searches – Orbs maintains a presence in search queries. TRUMP : 5,367 searches – Reflecting the growing trend of political meme coins, particularly relevant given global political events. The dominance of XRP in search volume is particularly striking. While Bitcoin and Ethereum are perennial favorites, the high search numbers for specific altcoins like ONDO, UXLINK, and ZKJ suggest active exploration of newer or less mainstream projects within the South Korean crypto landscape. Which Tokens Saw the Most Top Crypto Mentions Korea ? Mentions often reflect active discussion, trading activity, or reactions to events. While search is about seeking information, mentions are about sharing thoughts and engaging with others. The list of most mentioned tokens shows some overlap with searches but also key differences: BTC : 1,476 mentions – Bitcoin leads discussions, cementing its status as a primary topic. ETH : 829 mentions – Ethereum is also heavily discussed, mirroring its search volume. TRUMP : 370 mentions – The TRUMP token sees significant discussion volume, higher relative to its search rank. XRP : 294 mentions – Despite leading searches, XRP is fourth in mentions, suggesting more people are researching it than actively discussing it compared to BTC/ETH. SOL : 174 mentions – Solana remains a popular topic of conversation. ONDO : 75 mentions – ONDO is discussed, but its mention volume is considerably lower than its search volume. ORBS : 70 mentions – Similar to ONDO, ORBS sees fewer mentions relative to searches. DOGE : 51 mentions – Dogecoin appears in the mention list, indicating its continued presence in community chat. SUI : 38 mentions – SUI enters the top mentions, showing specific project interest. RVN : 36 mentions – Ravencoin rounds out the list of most mentioned tokens. Comparing the lists, Bitcoin and Ethereum are consistently high in both searches and mentions. XRP dominates searches but takes a lower spot in mentions. Conversely, TRUMP has a higher relative ranking in mentions compared to searches. This difference could indicate that while many are curious about XRP, the core trading and discussion activity revolves more around BTC, ETH, and tokens like TRUMP that might be experiencing recent volatility or news. What Do These Crypto Market Korea Trends Tell Us? The data provides valuable insights: Established Giants Remain Core: Bitcoin and Ethereum are fundamental to the K-Community’s interest, consistently appearing at the top of both lists. XRP’s Enduring Appeal: The massive search volume for XRP suggests ongoing speculation or hope regarding its future, perhaps tied to its legal status or potential developments. Altcoin Exploration is Active: Tokens like ONDO, UXLINK, RVN, ZKJ, ORBS, and SUI show that the community is actively researching and discussing a wide range of alternative cryptocurrencies beyond the top few. Emerging Narratives Gain Traction: The high ranking of the TRUMP token in mentions highlights the influence of new, potentially volatile narratives like political meme coins within the community discussion. Search vs. Mention Dynamics: A high search volume coupled with a lower mention volume (like XRP, ONDO, ORBS) might indicate tokens that people are researching individually rather than discussing collectively, perhaps due to uncertainty or a focus on personal analysis. Conversely, tokens with relatively higher mention volume than search volume (like TRUMP, DOGE, SUI compared to some lower-ranked search tokens) could suggest topics driven more by communal hype or reaction to events. For anyone tracking the South Korean crypto market, these trends underscore the diverse interests and active engagement of the K-Community. It’s a market that pays attention to the majors but is also quick to explore new opportunities and react to unfolding narratives. Summary: Decoding K-Community Sentiment Last week’s data from the Bitcoin World K-Community provides a clear snapshot: the Korean crypto community remains deeply engaged with the market. While Bitcoin and Ethereum form the bedrock of their interest and discussion, altcoins like XRP, ONDO, SOL, and UXLINK are subject to significant research. Furthermore, emerging trends, exemplified by the TRUMP token’s prominence in discussions, show the dynamic and sometimes speculative nature of the crypto market Korea . Tracking these top searches and mentions offers a powerful way to gauge community sentiment and identify tokens gaining traction. To learn more about the latest explore our articles on key developments shaping crypto market trends. This post Revealed: Top 10 Crypto Keywords Powering the Korean Community Last Week first appeared on BitcoinWorld and is written by Editorial Team
Crypto index funds and ETFs are revolutionizing passive income strategies by offering diversified, low-maintenance exposure to the digital asset market. These financial instruments bridge traditional and decentralized finance, providing investors
BINANCE LISTING: Introducing Newton Protocol (NEWT) on Binance HODLer Airdrops! Earn NEWT With Retroactive BNB Simple Earn Subscriptions $BNB #BNB