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Bithumb, the second largest exchange in South Korea, announced the launch of the Korean won trading pairs of
BounceBit
(BB) and
SKALE
(SKL).
https://feed.bithumb.com/notice/1645263
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Asia’s weekly TOP10 crypto news (May 19 to May 25) Bybit Launches USDT Stock Trading, India’s Supreme Court Urges Crypto Regulation, Pakistan Forms Digital Asset Authority, South Korea Tightens KYC/AML Rules, China Cracks Down on Crypto Hype , JD Stablecoin Enters Testing and more
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Pakistan’s Finance Ministry announced it will allocate 2,000 megawatts of surplus power to support Bitcoin mining and AI center development as part of its national digital transformation strategy. The government has introduced tax incentives to attract foreign firms, with several international delegations already visiting. Future plans include integrating renewable energy sources.
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According to Bloomberg, Tether CEO Paolo Ardoino said the company will keep its focus on overseas markets despite U.S. stablecoin legislation and is closely watching how the Genius Act treats foreign issuers. He noted Tether may launch a compliant stablecoin to attract institutional investors and is in talks with a Big Four firm for a full audit. On bank-issued stablecoins, Ardoino said Tether isn’t concerned, as its users are the 3 billion unbanked people worldwide.
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Kraken has partnered with Backed and the Solana Foundation to launch xStocks, offering tokenized U.S. stocks and ETFs on the Solana blockchain. The first assets, based on the SPL standard, will be available to eligible users in select non-U.S. markets via the Kraken app.
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Cetus: We are pursuing two possible successful outcomes, including a successful on-chain vote by the Sui community to authorize a recovery process for the frozen funds, or reaching a whitehat agreement or identifying the hacker for legal actions. The assets within Sui addresses are currently frozen through the efforts of the validators.
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