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    FirstFT: South Korea’s Yoon Suk Yeol faces calls to resign after failed martial law order

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    Bybit at CRYPTO TALKS. VILNIUS Vol. 2: Shares Insights on Navigating MiCAR’s Complexities

    Bybit, the world’s second-largest cryptocurrency exchange by trading volume, reaffirmed its commitment to fostering a transparent and sustainable crypto ecosystem at CRYPTO TALKS. VILNIUS Vol. 2. Held on November 27, 2024, in partnership with the Crypto Economy Organisation (CEO), the event convened industry experts to explore the evolving regulatory landscape in Europe, with a particular focus on the Markets in Crypto-Assets Regulation (MiCAR / MiCA).Navigating MiCAR’s ComplexitiesBybit shared valuable insights into the challenges faced by crypto businesses as they navigate the complexities of MiCAR compliance. These include:Bybit’s participation at CRYPTO TALKS. VILNIUS Vol. 2 underscores its compliance-first approach and dedication to working collaboratively with regulatory authorities and industry stakeholders. The exchange sees MiCAR as a pivotal step toward a regulated and robust crypto market in Europe and aims to share its experiences to ease the transition for the broader industry.About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit PressFor media inquiries, please contact: media@bybit.comFor more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

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    The Binary Holdings Secures $5 Million from ABO Digital to Fuel Expansion of their Decentralised Network Towards One Billion Users by 2025

    The Binary Holdings, a $16.9 billion technology leader, today announced a strategic investment of up to $5 million from ABO Digital, a digital asset investment firm providing alternative financing solutions to cryptocurrency projects around the world. This investment will power The Binary Holdings to accelerate its mission of transforming the global digital economy. With a robust user base of 169 million across multiple verticals, The Binary Holdings is reshaping how businesses, consumers, and investors interact in the digital landscape, and is targeting one billion users by 2025. This collaboration will drive the expansion of a decentralised open network that seamlessly integrates with Web2 infrastructure while unlocking the full potential of Web3, empowering businesses and users to benefit from digital services such as cross border payments, gaming, digital social and other compelling services.The Binary Holdings has established itself as a central player in decentralised connectivity, working with a range of partners, including major telecom providers, to redefine how people and businesses interact across regions. Through contracts with seven leading telcos and a growing network of non-telco partners, The Binary Holdings is setting a new benchmark for global interoperability in digital commerce. At the centre of the Decentralised Open Network for Distribution and Commerce is The Binary Network, where users, businesses, and service providers can seamlessly connect and transact across borders.By using BNRY, the network’s single digital currency, The Binary Network is redefining the way value flows between participants, ensuring that payments are frictionless and accessible to users worldwide. This bold vision of using a single digital currency across its vast ecosystem enables true interoperability and cross-pollination amongst its diverse range of partners in both the telco and non-telco sectors, allowing for commerce to flow in a way that was previously unimaginable, eliminating the barriers between platforms and national borders.The platform’s ability to facilitate seamless transactions and interactions across multiple industries has already garnered attention from some of the world’s largest companies. With contracts signed with seven major telcos, The Binary Holdings is on track to reach 1 billion users by December 2025, becoming a true global player in the decentralised economy.Introducing Millenia – Digital Bank for Seamless Cross-Border TransactionsIn Q2 2025, The Binary Holdings will launch Millenia, a digital bank aimed at simplifying cross-border payments and remittances for users within The Binary Network. Designed to empower seamless transactions for individuals and businesses, Millenia will offer a low-cost, fast, and transparent service powered by the secure decentralised and interoperable infrastructure of The Binary Network, with BNRY as the primary transaction digital currency.Supporting Multi-Chain Compatibility and Global dApp GrowthThe Binary Holdings’ blockchain infrastructure is gaining strong traction among dApp developers. Through partnerships with over seven Layer 1 and Layer 2 blockchain networks, The Binary Holdings has created unique bridges which provide dApps immediate access to Binary’s expanding user base of 169 million, projected to reach one billion by 2025, creating unmatched engagement and utility.By bridging Web2 and Web3, The Binary Holdings addresses a key challenge in the sector, accelerating Web3 adoption at scale and establishing itself as a leader in building tangible utility and mass adoption.“The Binary Holdings is at the forefront of creating a new global standard for digital distribution and commerce,” said Siddharth Sahi, CBO, The Binary Holdings. “With the launch of the Binary Digital Bank, support from ABO Digital, and an expanding network of partners, we’re excited to continue pushing boundaries and bringing innovative solutions to our global community.”A Tech Powerhouse in Southeast Asia and the Middle East and a Global Leader in the Digital Economy through Mass AdoptionThe Binary Holdings is rapidly establishing itself as one of the region’s most valuable and innovative tech companies, with a valuation of $16.9 billion. With strong partnerships, an expanding user base, and a commitment to essential infrastructure, The Binary Holdings is on track to become a global digital economy leader. Its blockchain technology drives innovation in decentralized finance (DeFi), NFTs, gaming, and digital commerce at scale, building a robust ecosystem that redefines business, payments, and global interactions.“We are excited to collaborate with The Binary Holdings at such a pivotal time in the evolution of the digital economy” said Talal Samy, Investment Associate at ABO Digital. “The company’s ability to innovate, scale, and bring real-world solutions to a global audience is unmatched. Their groundbreaking work in creating seamless global interoperability and fostering mass adoption of decentralised technologies aligns perfectly with our mission, and we are proud to support them as they continue to shape the future of Web3.”With ABO Digital’s support and its expanding ecosystem and through real-world applications, from digital payments to cross-border commerce, The Binary Holdings is pushing Web3 and blockchain into the mainstream.About ABO DigitalABO Digital is an investment firm providing alternative financing solutions to cryptocurrency projects around the world. It is part of the Alpha Blue Ocean group, a pioneering multi-family office renowned for its leadership in alternative finance and innovative investment strategies. With a global presence and a commitment to supporting groundbreaking projects, ABO Digital has established itself as a driving force in fostering technological advancements and sustainable growth across various sectors, including health, medical innovation, and now, blockchain technologies. About The Binary Holdings LimitedHeadquartered in Dubai, UAE, and with a global user base of 169 million, The Binary Holdings Limited is a leading decentralised technology company committed to creating open, interoperable networks for digital commerce. By 2025, it aims to empower a billion users worldwide with secure, scalable blockchain infrastructure.ContactHead of PRYousef BatterWhite Label Strategyyousef.batter@whitelabelstrategy.ioThis article was originally published on Chainwire More

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    EU to crack down on Asian online retailers Temu and Shein

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    Central banks should tread cautiously with rate cuts, says OECD

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    Bitcoin price today: steady at $96k, altcoin rally cools before more cues

    A rally in most major altcoins also cooled on Wednesday in anticipation of more positive cues, especially on the regulatory front.Bitcoin rose 0.3% to $96,418.1 by 00:51 ET (05:59 GMT), remaining largely within a trading range of $90,000 to $100,000 established over the past two weeks.While the world’s largest crypto had risen sharply after Trump won the 2024 presidential elections, it turned rangebound after failing to cross the coveted $100,000 level. Crypto markets were largely anticipating more cues on policy from Donald Trump, following promises of friendlier regulation from the President-elect. Trump had vowed to make America the crypto capital of the world, and had also floated the idea of a Bitcoin national reserve. Trump’s cabinet picks- particularly for the Treasury Secretary and Secretary of Commerce roles- have both presented pro-crypto positions. Reports suggested that Trump was also planning on shifting crypto regulation to the Commodity Futures Trading Commission from the Securities and Exchange Commission.Trump’s potential pick for the SEC Chair, after Gary Gensler resigns in January, is also expected to be pro-crypto. Still, traders doubted whether Trump will be able to deliver on all of his crypto promises. A particular point of contention has been the establishment of a Bitcoin reserve, with analysts stating that a focus on reducing government spending and upholding the dollar will take precedence over any government buying of more coins.Recent data also showed the government mobilizing about $1.9 billion of Bitcoin onto an exchange, raising fears of a potential sale event. Broader crypto prices mostly tread water in tandem with Bitcoin, with caution also kicking in before more cues on U.S. interest rates. Federal Reserve Chair Jerome Powell is set to speak later on Wednesday, while key nonfarm payrolls data is due on Friday. World no.1 altcoin Ether rose 0.9% to $3,666.0.XRP fell 1% to $2.6010, cooling after a stellar rally to six-year highs. XRP was boosted by speculation that a change in leadership will see the SEC drop its long-running lawsuit against XRP issuer Ripple. Solana rose 3.9%, extending recent gains, while Cardano fell 5.4%. Polygon traded sideways.Among meme coins, Dogecoin fell 1.1%.  More

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    Weak Australian economic growth hits dollar

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    Bundesbank chief calls for softer debt brake to increase investment

    $1 for 4 weeksThen $75 per month. Complete digital access to quality FT journalism. Cancel anytime during your trial.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print edition More