Prosecutors say Jeong Sang-ho’s “active deceptive acts” left nearly 2,800 investors frozen out of their funds, as South Korea's crackdown on the crypto industry widens. South Korean prosecutors have requested a 20-year prison sentence for the CEO of crypto deposit service Delio, calling the scale of alleged fraud against thousands of investors “massive.” During closing arguments at the Seoul Southern District Court on Thursday, prosecutors asked the court to sentence Jeong Sang-ho under the Act on Aggravated Punishment of Specific Economic Crimes, citing what they described as deliberate deception and false promotion that left nearly 2,800 victims without access to their funds, according to the Korean news agency Yonhap. “The defendant’s active deceptive acts and false promotion have resulted in numerous victims, and the scale of the damage is massive," prosecutors reportedly said, adding that Jeong was “exacerbating their suffering by evading responsibility and maintaining an uncooperative attitude.” Read mo...
The FCA signs off rules to let UK funds keep registers onchain and add a new Direct‑to‑Fund dealing model, aiming to simplify tokenized funds inside the existing regime. The United Kingdom’s financial regulator has signed off on new rules and guidance for tokenized funds, aiming to make it easier for asset managers to use blockchains within the existing fund regime rather than in separate experimental structures. In a Thursday policy statement, PS26/7, the Financial Conduct Authority (FCA) said tokenization and distributed ledger technology (DLT) could make fund management more efficient and that it wants to “support innovation in the UK asset management sector,” as part of a digital assets roadmap first outlined in a January 2025 letter to the prime minister. The changes give firms a clearer path to integrate blockchain into regulated fund operations, as policymakers seek to modernize market infrastructure without altering existing investor protection frameworks, and reflect a broader push to bring tokenized...
Turkish heavy commercial and armored vehicle manufacturer Otokar Otomotiv ve Savunma Sanayi A.Ş has announced the agreement for the acquisition of Automecanica S.A. and its production facility of Medias, Romania, for around EUR85 million, has been signed.
Bitcoin’s 40% rebound against gold signals a potential bottom, echoing past setups that preceded strong BTC/USD rallies. Bitcoin (BTC) may undergo a massive rally, based on a recurring gold chart pattern, with gains of up to 180% over the next 12 months. Key takeaways: The bullish signal comes from the Bitcoin-to-gold ratio (BTC/XAU), which tracks BTC’s performance relative to gold in US dollar terms. Historically, sharp rebounds in this ratio have aligned with major Bitcoin cycle bottoms, often preceding strong upside. Read more
Medicine sales declined by 8.3% by volume in the first quarter of 2026, but went up by 3.7% by value, to a total of RON9.4 billion, as retail drugs rose by 3.1% and medicines distributed in hospitals increased by 7.6%, in line with Cegedim data.