Naver Financial delayed its Dunamu share swap by about three months as antitrust and crypto law reviews continue and Upbit operator profits decline. South Korea’s Naver Financial has pushed back the timeline for its planned share swap with Dunamu, the operator of crypto exchange Upbit, according to a regulatory filing posted on Monday. In a filing with the Financial Supervisory Service (FSS), the company said it expects to hold a shareholder vote on Aug. 18 and complete the transaction on Sept. 30, marking a roughly three-month delay from earlier target dates of late May or early June. Naver Financial’s plans to acquire Dunamu were first revealed in September 2025, as local news agencies Yonhap and Chosun reported the company was preparing a share swap to bring the Upbit operator under its umbrella. The company later confirmed the transaction in a Nov. 26 regulatory filing, outlining a roughly $10.3 billion all-stock deal. Read more
Bitcoin remains in a bear market despite a bounce to $67,000, with onchain metrics and models pointing to a potential bottom below $50,000. Bitcoin (BTC) buyers made a tepid comeback on Monday, pushing BTC price to its intraday high of $67,860. Analysts said that Bitcoin remains in a bear market, with several metrics pointing to a potential bottom below $50,000. Key takeaways: Bitcoin price turns $70,000 into resistance, clearing the path for a deeper correction. Read more
Bitcoin neared the first six-consecutive-month streak of losses since the 2018 bear market as Iran war woes kept markets firmly in check. Bitcoin (BTC) heads into the March monthly close as it risks its sixth straight month of losses. BTC price action touches $65,000 to start the week as traders expect a copycat bear flag breakdown. Iran headlines dominate the macro mood amid rumors of a US ground invasion. Read more
Digital asset products saw $414 million in outflows last week as inflation fears, US Fed rate hike expectations and Middle East tensions drove a shift toward risk-off sentiment. Crypto investment products saw their first weekly outflows in five weeks last week, with $414 million exiting the market as investors grew cautious over rising inflation risks and escalating tensions in the Middle East. The pullback came as expectations for the June Federal Open Market Committee (FOMC) meeting in the US shifted from potential rate cuts to rate hikes, signaling a tougher macro backdrop for risk assets, CoinShares reported Monday. Total assets under management fell to $129 billion, returning to levels last seen in early February and “broadly comparable to April 2025, during the initial phase of Trump’s tariffs,” CoinShares head of research James Butterfill said. Read more