Dunamu, the operator of South Korea’s largest cryptocurrency exchange Upbit, has unveiled a new custody service aimed at corporate and institutional clients, as regulatory green lights for virtual asset investments spark growing demand for secure storage solutions. Key Takeaways: Upbit’s new custody service stores 100% of client assets in offline cold wallets. Institutional clients can customize wallets for better asset management, accounting, and audit readiness. Dunamu has also partnered with Vietnam’s MB Bank to launch the country’s first crypto exchange. The service stores all deposited digital assets in cold wallets, entirely offline and insulated from internet-based threats, to shield holdings from cyberattacks and other external breaches, according to a Thursday report by The Korea Times . To address internal security risks, Upbit employs multi-party computation and distributed key generation, ensuring no single key leak can compromise client funds. Dunamu Offers Tailored Wallet Options For Custody Institutions can customize wallet setups by asset type and purpose, enabling more structured asset management, streamlined accounting, and improved audit readiness. Role-based access controls and approval workflows further align the service with corporate governance and internal control standards. The custody platform also integrates advanced anti-money laundering and fraud detection tools to monitor transactions in real time and flag suspicious flows. “In virtual asset custody, the key is ensuring accountability, technical stability, and procedural transparency,” an Upbit spokesperson told The Korea Times, highlighting that the platform’s security measures are designed to prevent both internal mishandling and external breaches. The official added that Upbit Custody meets legal compliance standards and incorporates robust internal controls and audit systems, positioning it to deliver services in line with global institutional requirements. As reported, Dunamu has signed a memorandum of understanding with Vietnam’s Military Bank (MB Bank) to launch the country’s first cryptocurrency exchange. The deal, finalized on Tuesday, marks a major milestone for Vietnam’s digital asset market following its recent legalization of crypto. Dunamu will provide its Korean exchange model and technology for the initiative. As part of the partnership, Dunamu will advise MB Bank on regulatory compliance, investor protection, and talent development. “MB and Upbit will work together as trusted partners to advance Vietnam’s digital finance market,” said MB Bank Chair Luu Trung Thai. Vietnam’s crypto sector gained clarity in June with the passage of the Law on Digital Technology Industry, which defines and regulates digital assets. The move followed years of uncertainty and Financial Action Task Force scrutiny over weak anti-money laundering controls. Korea’s FSC Eyes Spot Crypto ETFs As reported, South Korea’s Financial Services Commission (FSC) has presented a roadmap to the Presidential Committee on Policy Planning proposing the approval of spot crypto ETFs . The move came after President Lee Jae-myung’s campaign promise to modernize digital asset rules and boost opportunities for younger investors. South Korea’s FSC has submitted a roadmap outlining a potential framework to approve spot cryptocurrency ETFs. #SouthKorea #ETFs https://t.co/A0gQDo2y0V — Cryptonews.com (@cryptonews) June 20, 2025 The plan outlines implementation measures for spot crypto ETFs and regulatory frameworks for won-based stablecoins in the second half of 2025. Historically, the FSC blocked crypto ETFs over volatility and financial risk concerns, maintaining that cryptocurrencies were unsuitable as underlying assets. The post Upbit Operator Dunamu Rolls Out Cold Wallet Custody for Institutions appeared first on Cryptonews .
XRP Ledger powering institutional adoption shift
Ethereum ($ETH) is nearly back at its all-time high (ATH) of $4,868.80, recorded in November 2021. With its price now hovering between $4.7K and $4.8K, investor excitement is building. Altcoin season appears to finally be around the corner. And that makes now the best time to buy the top altcoins, including newcomers like Snorter Token ($SNORT) and Best Token ($BEST) . Ethereum’s ETF-Driven Rally & Treasury Demand Over the past three days, spot Ethereum ETFs attracted a staggering $2.3B in US inflows , equating to roughly 500K $ETH. That’s more than the 450K $ETH issued by the network since the Merge in September 2022. An incredible $1.03B of that inflow came on Monday, August 11, as traders roared back after the weekend. Even apart from red-letter days like that one, $ETH ETF inflows have been on a nearly-uninterrupted hot streak recently. BlackRock’s iShares Ethereum Trust snagged $500M+ of that $1.03B inflow by itself. Standard Chartered highlights that ETFs now account for about 3.8% of ETH’s circulating supply , while treasury firms have accumulated 2.3M $ETH (1.9% of total supply) since June, and may eventually hold up to 10%. That’s roughly on-par with the amount of $ETH held in treasury companies, per Standard Chartered. Unsurprisingly, given the above stats, Standard Chartered upped its year-end price prediction for Ethereum . The company now expects $ETH to hit $7.5K, up from its original prediction of $4K. The ETF surge and accompanying price prediction increase reinforces bullish investor sentiment. It also highlights an ongoing supply-demand crunch. There’s far more $ETH flowing out of exchanges than there is coming in, creating a compelling supply-demand dynamic. On-Chain Supply Pressure & Price Momentum It’s not so much limited supply but booming demand that’s creating prime conditions for $ETH to make big moves. Ethereum is facing shrinking sell-side pressure: over the past month, exchanges have seen average withdrawals of 40K ETH per day – a negative netflow. On the institutional level, that’s Ethereum heading into crypto treasuries or ETFs; on the retail end, it points to investors likely HODLing, staking, or sinking $ETH into DeFi activity. On that side, Ethereum’s total volume locked (TVL) in DeFi just passed $96.9B – within range of the peaks of 2021, when TVL sat north of $100B. Key Price Points & Future Predictions $ETH decisively reclaimed key resistances at $4K and $4.5K, and is now challenging the $4.8K ATH. A breakout beyond this level could trigger a move toward $5K, while a short pullback may consolidate at the $4K support zone. The economic laws of supply and demand are hard to beat, leaving Ethereum in a prime position to continue its strong performance. Analysts are taking note: VanEck acknowledges the connection between Ethereum and growing crypto sectors, like tokenization and stablecoins (accounting for 62% of all stablecoin value transfer in 2025). It adds that Ethereum could ‘still emerge as a better store of value than Bitcoin.’ Tom Lee of Fundstrat highlights the immense growth potential still available with Ethereum, noting that it is still ‘undersold’ from an institutional point of view. Some 48% of investor portfolios contain exposure to gold – only 9% to crypto. It’s no surprise that while Standard Chartered thinks Ethereum will hit $7K, Fundstrat forecasts $10K to $15K in a far more ambitious prediction. And Standard Chartered shares the same long-term bullishness. It estimates that Ethereum could reach $25K by 2028. A bullish Ethereum is a bullish altcoin market all round. If you’re thinking of investing in potentially explosive altcoins, Snorter Token ($SNORT) , Best Token ($BEST) , and Tron ($TRX) stand out as cryptos ready to make big moves. 1. Snorter Token ($SNORT) – Find, Trade, Win Solana-Based Meme Coins on Telegram Snorter Token ($SNORT) is a utility-oriented meme coin powering Snorter Bot, a Telegram-native crypto trading bot engineered for lightning-fast sniping of meme coin launches on Solana (and eventually EVM-compatible chains). It features MEV-resistant trade execution, rug-pull detection, copy trading, limit orders, and real-time portfolio tracking, all within Telegram. What is $SNORT itself ? The token, currently in presale, operates on both Solana and Ethereum as a multi-chain token. Early investors can stake tokens to earn an estimated 142% APY during the presale, disbursed over one year post-launch. Snorter makes finding and sniping meme coins easier than ever, and for $SNORT token holders, the 0.85% fees are some of the lowest around. Investors have poured over $3M into the presale already. The token price sits at $0.1011 right now, but our $SNORT price prediction shows it could reach $0.94 by the end of 2025, and $1.92 by the end of 2026 as Snorter expands the bot’s integration with Ethereum and EVM chains. $SNORT blends the viral appeal of a meme coin with actual trading utility through Telegram. Sniff out those hidden meme coin gems, snipe them, and save big. Check out our How to buy $SNORT guide for more information. Join the Snorter Token ($SNORT) presale today while its price is still low. 2. Best Wallet Token ($BEST) – Powerful Web3 Wallet Unlocks Crypto Presales Best Wallet Token ($BEST) is the native utility token of Best Wallet , a rapidly growing non‑custodial multi‑chain crypto wallet. Security is top-notch, too, using a combination of advanced biometrics and Fireblocks’ MPC . The $BEST token is powering Best Wallet’s mission to dominate 40% of the global crypto wallet market by the end of next year. And holding $BEST means lower trading fees and higher staking rewards. There’s also the chance for big wins, with access to the best crypto presales in Best Wallet’s upcoming tokens section. You can also research projects, read whitepapers, and purchase tokens directly within Best Wallet. Over $14.7M has been raised in the $BEST presale already. Tokens cost $0.025475, and our $BEST price prediction forecasts that could reach $0.072 by year’s end. Discover how to buy $BEST to get in early. Ready to invest in $BEST ? Head to the presale today. 3. TRON ($TRX) – Justin Sun’s Leading Stablecoin-Friendly Blockchain TRON ($TRX) has been around the block(chain). Established by Justin Sun and launched via ICO in 2017, Tron operates as a decentralized, Proof-of-Stake smart contract blockchain, designed to support scalable, low-cost dApps. TRON initially aimed to decentralize content sharing by allowing creators to monetize without intermediaries. Its evolution saw it migrate from Ethereum to its own network and grow into a thriving dApp ecosystem, with ongoing focus on speed, scalability, and user experience. In recent years, however, Tron has also grown in importance as a home for stablecoins – in particular, Tether’s $USDT. That has provided a degree of stability for Tron, while introducing a number of other use cases related to $USDT – cross-border settlements, payments, and more. $TRX regularly ranks between the eighth and tenth spot by market cap among cryptos. This makes it a major player, but with plenty of room for growth. You can find Tron ($TRX) on Binance right now. Ethereum’s Road Ahead: Will Altcoin Season Follow? With $ETH on the verge of fresh highs, the broader altcoin market stands poised to rally. As Ethereum retakes dominance and confidence rises, investors hope capital flows into smaller-cap altcoins, igniting altcoin season. Among the big winners could be the likes of $SNORT and $BEST . As altcoins packed with utility, they have the potential to explode – especially as altcoin season appears imminent. As always, though, do your own research. This isn’t financial advice.
Coinbase has lost $300,000 in accumulated fees to an MEV bot after interacting with the 0xProject swapper smart contract. Pseudonymous security researcher deebeez disclosed this on X, noting that the exchange used the swapper incorrectly. According to Deebeez, the 0xProject contract, which can be used for executing swaps, is permissionless. This means anyone can use it to execute any action without restrictions. Due to this reason, it is not suitable for receiving token approvals. However, Coinbase seems to have been unaware of this, as it initiated approvals for tokens of protocols such as DEXTools, Swell Network, MyOneProtocol, Amp, Data Lake, Ondo Finance, and Destra Network, allowing a MEV bot to swoop in and drain all the funds once the exchange approved the contract. He said : “There appears to have been an MEV bot lurking in the dark, waiting for users to mistakenly approve to this contract – and then drain all their funds. Well, their dream came true thanks to coinbase.” The researcher described the incident as an expensive lesson for the Coinbase team, a fact that the team itself has also acknowledged. Coinbase chief security officer Philip Martin confirmed the incident while adding that it is an isolated issue due to changes to one of its corporate DEX wallets. He added that the incident did not affect any customer funds, with the team now “revoking token allowances and moving funds to a new corporate wallet.” Meanwhile, some users recommended that this could have been prevented if the mempool had been encrypted. However, Deebeez noted that sandwich attacks are not identical to MEV attacks, and encrypting the mempool will only prevent sandwich attacks. Incident adds to criticisms against Coinbase Unsurprisingly, the incident represents another sore point for Coinbase critics, although it did not impact the exchange users. Some critics noted that this kind of mistake from a major exchange is concerning, especially given that it disclosed a cyber attack that could cost up to $400 million a few months ago. Meanwhile, according to users on X, the exchange had also recently experienced downtime, with at least two people sharing screenshots showing they could not access their Coinbase accounts. Some users have criticized the exchange for adding the Solana memecoin USELESS to its asset listing roadmap. Nevertheless, Coinbase remains the biggest exchange in the US and ranks ninth globally with around 5.8% of the market share according to CoinGecko. This puts it above Crypto.com with 5.1% even as several other offshore exchanges continue to see more volume. Security analysts identify composability risks Meanwhile, this is not the first time funds have been drained from the 0x wallet. In April, Zora’s claim contract was also affected after it assigned ZORA tokens to the 0x settler contract through an airdrop. Soon after the airdrop, an attacker drained the address and swapped the allocation for $128,000 worth of ETH. Security research firm BlockAid identified the incident as a Composability Attack. According to the firm, this is a new class of on-chain risk where independently secure components can create vulnerable conditions when they interact. It said: “A Composability Attack occurs when two or more independently secure systems interact in an unexpected way that creates an exploitable condition, without requiring any vulnerabilities in the systems themselves.” In this case, it was Zora airdrop claim mechanism and the 0x Settler contract. The Zora mechanism allowed recipients to claim tokens through the claim function. It made no distinction between externally owned accounts (EOA) and smart contracts as long as the address is eligible. While this allowed anyone eligible to claim the airdrop, it meant that the 0x Settler contract address could also get the tokens. Once Zora mistakenly sent the token meant for the 0x ecosystem to the contract, it was easy for anyone who understood the interaction to claim the tokens. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
First-ever Launchpool on Bybit's EU newly MiCAR-licensed EU exchange, going live on 14th August 2025. The partnership connects XION's consumer-first Layer-1 to Bybit EU users across 29 EEA markets. Builds on XION's MiCA-aligned compliance leadership and prior Bybit Global Launchpool debut. VIENNA, Aug. 14, 2025 /PRNewswire/ -- XION , the consumer-first Layer-1 blockchain, today announced it will be the first ever Launchpool project on Bybit's EU exchange . The partnership follows Bybit's receipt of its MiCAR license in May 2025 and the rollout of Bybit.eu, enabling verified EEA users to onboard to a fully compliant platform, where they can get yield approved assets to earn XION. The Launchpool will feature a total pool size of 100,000 XION, distributed as follows: 50,000 XION to XION stakers (estimated APR: 60%) 30,000 XION to MNT stakers (estimated APR: 36%) 20,000 XION to USDC stakers (estimated APR: 24%) As one of the few Layer-1 projects backed by Circle Ventures , XION has seen strong traction in bringing blockchain-based experiences to everyday users, with over 100+ global brands leveraging its platform. XION has been steadily growing its European presence, as it became the first Layer-1 blockchain to publish a MiCA Title II whitepaper , integrated natively with Paris-based Ledger in June , listed on Bitvavo earlier this summer, and is already working with leading European brands on blockchain-powered consumer experiences. Similarly, one of Bybit's main focuses in 2025 is its European expansion. Being the inaugural Launchpool partner on Bybit EU MiCAR-compliant EU platform, XION will have access to a growing regulated European audience. "Being the very first Launchpool on Bybit EU is a major signal of XION's deep partnership with Bybit and our shared focus on expanding compliantly in the European markets," said Anthony Anzalone, Founder of XION. "Europe is now the proving ground for regulated digital assets, and together with Bybit EU we're setting a precedent for how mainstream audiences can discover and engage with blockchain technology in a safe, intuitive way." "Recently securing our MiCAR license in Austria represents our commitment and major focus in 2025 to bring compliant, innovative crypto services to European users. Today's launch with XION, a blockchain focused on mainstream adoption of crypto, demonstrates how regulation can accelerate rather than hinder innovation, and perfectly aligns with our European expansion strategy." - Mazurka Zheng, CEO of Bybit EU. The collaboration also builds on XION's earlier relationship with Bybit, where the company featured on Bybit Global's Launchpool during its TGE. The renewed partnership underscores the two companies' shared commitment to making blockchain accessible to everyday users. About XION XION is the first walletless L1 blockchain purpose-built for consumer adoption. Utilizing protocol-level implementations related to abstracted accounts, signatures, fees, interoperability, and more, XION empowers developers to build secure, intuitive, and seamless user experiences. By removing common Web3 friction points, XION accelerates the mainstream adoption of Web3 by making blockchain technology more accessible to users and developers. Website | Blog | Discord | Telegram | LinkedIn | X Disclaimer: This press release is for informational purposes only and does not constitute financial advice or an offer to invest. No competent authority in the European Union has reviewed or approved this marketing communication. The offeror, person seeking trading admission, or trading platform operator is solely responsible for its content. About Bybit EU Bybit EU GmbH is the newly established European entity, dedicated to serving clients across the European Economic Area (EEA"*" except Malta) via the Bybit.eu platform. Operated by Bybit EU GmbH, a licensed Crypto-Asset Service Provider (CASP) under the Markets in Crypto-Assets Regulation (MiCA), Bybit EU delivers fully regulated services, including crypto custody, exchange, and rewards products and more, in full compliance with European regulations for investor protection and market integrity. Bybit EU GmbH is a licensed Crypto-Asset-Service Provider under the Markets in Crypto Assets Regulation (MiCA), authorized to offer the following services to residents of the European Economic Area (except Malta): providing custody and administration of crypto-assets on behalf of clients; exchange of crypto-assets for funds; exchange of crypto-assets for other crypto-assets; placing of crypto-assets; and providing transfer services for crypto-assets on behalf of clients. Bybit EU GmbH is neither the operator of a trading platform for crypto-assets nor provides investment advice. Media Contact: press@bybit.com www.bybit.eu Disclaimer: Disclaimer: This press release is provided for informational purposes only and does not constitute investment advice or an offer to buy or sell digital assets. The products and services mentioned herein are subject to applicable laws and regulations in the relevant jurisdictions and may not be available in certain regions. As a centralized exchange, Bybit EU may offer certain products, including staking, that operate on an off-chain basis, where user assets are held by Bybit EU and rewards are calculated and distributed internally without recording transactions on the blockchain. Past performance is not indicative of future results. Users should carefully assess all risks before participating in any digital asset-related activity. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
BitcoinWorld Bybit EU Taps XION for Inaugural Launchpool in the EU, Opening Regulated Access for 450M+ Users First-ever Launchpool on Bybit’s EU newly MiCAR-licensed EU exchange, going live on 14th August 2025. The partnership connects XION’s consumer-first Layer-1 to Bybit EU users across 29 EEA markets. Builds on XION’s MiCA-aligned compliance leadership and prior Bybit Global Launchpool debut. VIENNA, Aug. 14, 2025 /PRNewswire/ — XION , the consumer-first Layer-1 blockchain, today announced it will be the first ever Launchpool project on Bybit’s EU exchange . The partnership follows Bybit’s receipt of its MiCAR license in May 2025 and the rollout of Bybit.eu, enabling verified EEA users to onboard to a fully compliant platform, where they can get yield approved assets to earn XION. The Launchpool will feature a total pool size of 100,000 XION, distributed as follows: 50,000 XION to XION stakers (estimated APR: 60%) 30,000 XION to MNT stakers (estimated APR: 36%) 20,000 XION to USDC stakers (estimated APR: 24%) As one of the few Layer-1 projects backed by Circle Ventures , XION has seen strong traction in bringing blockchain-based experiences to everyday users, with over 100+ global brands leveraging its platform. XION has been steadily growing its European presence, as it became the first Layer-1 blockchain to publish a MiCA Title II whitepaper , integrated natively with Paris-based Ledger in June , listed on Bitvavo earlier this summer, and is already working with leading European brands on blockchain-powered consumer experiences. Similarly, one of Bybit’s main focuses in 2025 is its European expansion. Being the inaugural Launchpool partner on Bybit EU MiCAR-compliant EU platform, XION will have access to a growing regulated European audience. “Being the very first Launchpool on Bybit EU is a major signal of XION’s deep partnership with Bybit and our shared focus on expanding compliantly in the European markets,” said Anthony Anzalone, Founder of XION. “Europe is now the proving ground for regulated digital assets, and together with Bybit EU we’re setting a precedent for how mainstream audiences can discover and engage with blockchain technology in a safe, intuitive way.” “Recently securing our MiCAR license in Austria represents our commitment and major focus in 2025 to bring compliant, innovative crypto services to European users. Today’s launch with XION, a blockchain focused on mainstream adoption of crypto, demonstrates how regulation can accelerate rather than hinder innovation, and perfectly aligns with our European expansion strategy.” – Mazurka Zheng, CEO of Bybit EU. The collaboration also builds on XION’s earlier relationship with Bybit, where the company featured on Bybit Global’s Launchpool during its TGE. The renewed partnership underscores the two companies’ shared commitment to making blockchain accessible to everyday users. About XION XION is the first walletless L1 blockchain purpose-built for consumer adoption. Utilizing protocol-level implementations related to abstracted accounts, signatures, fees, interoperability, and more, XION empowers developers to build secure, intuitive, and seamless user experiences. By removing common Web3 friction points, XION accelerates the mainstream adoption of Web3 by making blockchain technology more accessible to users and developers. Website | Blog | Discord | Telegram | LinkedIn | X Disclaimer: This press release is for informational purposes only and does not constitute financial advice or an offer to invest. No competent authority in the European Union has reviewed or approved this marketing communication. The offeror, person seeking trading admission, or trading platform operator is solely responsible for its content. About Bybit EU Bybit EU GmbH is the newly established European entity, dedicated to serving clients across the European Economic Area (EEA”*” except Malta) via the Bybit.eu platform. Operated by Bybit EU GmbH, a licensed Crypto-Asset Service Provider (CASP) under the Markets in Crypto-Assets Regulation (MiCA), Bybit EU delivers fully regulated services, including crypto custody, exchange, and rewards products and more, in full compliance with European regulations for investor protection and market integrity. Bybit EU GmbH is a licensed Crypto-Asset-Service Provider under the Markets in Crypto Assets Regulation (MiCA), authorized to offer the following services to residents of the European Economic Area (except Malta): providing custody and administration of crypto-assets on behalf of clients; exchange of crypto-assets for funds; exchange of crypto-assets for other crypto-assets; placing of crypto-assets; and providing transfer services for crypto-assets on behalf of clients. Bybit EU GmbH is neither the operator of a trading platform for crypto-assets nor provides investment advice. Media Contact: press@bybit.com www.bybit.eu Disclaimer : Disclaimer: This press release is provided for informational purposes only and does not constitute investment advice or an offer to buy or sell digital assets. The products and services mentioned herein are subject to applicable laws and regulations in the relevant jurisdictions and may not be available in certain regions. As a centralized exchange, Bybit EU may offer certain products, including staking, that operate on an off-chain basis , where user assets are held by Bybit EU and rewards are calculated and distributed internally without recording transactions on the blockchain. Past performance is not indicative of future results. Users should carefully assess all risks before participating in any digital asset-related activity. This post Bybit EU Taps XION for Inaugural Launchpool in the EU, Opening Regulated Access for 450M+ Users first appeared on BitcoinWorld and is written by chainwire
Shiba Inu (SHIB) witnesses explosive 40% spike in overnight whale activity
The hackers behind Radiant Capital’s $58 million October 2024 exploit now hold over $102 million in Ether after the asset’s price more than doubled.