Crypto Pills

Australia moves to integrate digital asset services into its financial services framework through newly proposed legislation. The draft brings crypto offerings under existing financial services rules, expanding regulatory oversight and consumer safeguards for platforms and service providers.

South Korean internet giant Naver is said to be acquiring Upbit, one of the country’s largest cryptocurrency exchanges. The deal would align a leading tech platform with a major digital asset marketplace, signaling deeper integration of crypto services within Korea’s technology ecosystem.

Ether held on centralized exchanges falls to its lowest level in nine years, indicating sustained outflows from trading venues. The decline coincides with rising institutional attention and broader integration of Ethereum with traditional finance, reducing readily available supply on exchanges.

Coinbase and Cloudflare plan to launch the x402 Foundation to develop and promote an AI-focused payments standard known as x402. The initiative targets interoperability for autonomous agents and payment systems, aiming to enable machine-to-machine transactions across networks.

Crypto market maker GSR files to launch an exchange-traded fund designed to track companies that hold significant digital assets on their balance sheets. The vehicle would offer equity-based exposure to firms with crypto treasuries, providing an indirect way to gain crypto market sensitivity.