Bubblemaps shared blockchain data indicating that team-related wallets had purchased 30% of the token supply, but Edel’s co-founder said the acquisition was part of its token rollout plans. Concerns are mounting over unusual activity surrounding the token launch of Edel Finance, a lending protocol focused on tokenized stocks and real-world assets (RWAs). Blockchain analytics platform Bubblemaps claimed in a Tuesday X post that a cluster of about 160 wallets accumulated 30% of the EDEL token supply, worth $11 million, during the launch earlier this month. The platform alleged the wallets were linked and funded in a coordinated fashion immediately before trading opened. “Edel Finance sniped 30% of $EDEL. Then tried to hide it behind a maze of wallets and liquidity positions," said Bubblemaps. “Just hours before $EDEL launched, ~60 wallets were funded from Binance [...] Together, they got 30% of the supply – now worth $11M.” Read more
Naver Financial plans to acquire Dunamu in a $10.3 billion stock-swap deal, issuing 87.56 million new shares and making the crypto giant a wholly owned subsidiary. Naver Financial, the fintech arm of South Korean tech conglomerate Naver, announced plans to acquire Upbit operator Dunamu in a stock-swap deal valued at about 15.1 trillion won ($10.3 billion). According to a Wednesday filing, Naver Financial will issue 87.56 million new shares to Dunamu shareholders. The transaction will make Dunamu a wholly owned subsidiary of Naver Financial. The exchange ratio was set using an external discounted cash-flow valuation, which put the corporate value ratio at 1:3.064569 and, after adjusting for each firm’s outstanding shares, produced a final exchange price ratio of 1:2.5422618. Read more
Chief of Army Staff (COAS) Field Marshal Asim Munir on Wednesday met with Iran’s top security official Ali Ardeshir Larijani in Rawalpindi, where he stressed the need for counter-terrorism cooperation between their countries. Larijani, the secretary of Iran’s Supreme National Security Council (SNSC), called on the army chief at the General Headquarters in the garrison city, the Inter-Services Public Relations (ISPR) said in a statement. Reiterating Pakistan’s commitment to regional peace and stability, COAS Munir emphasised the “need for closer collaboration with Iran to combat terrorism”. “He also highlighted the growing importance of strategic cooperation in light of the evolving geopolitical situation,” the ISPR said. The military’s media affairs wing described Larijani as Iran’s NSA (national security adviser). Chief of Army Staff (COAS) Field Marshal Asim Munir meets with Ali Ardeshir Larijani, the secretary of Iran’s Supreme National Security Council, at GHQ in Rawalpindi on Nov 26, 2025. — ISPR I...
Grup Serban Holding, owned by Serban family of Bacau, is inaugurating Moldavia Poultry Farm, a EUR11.5 million investment, of which EUR7.5 million non-reimbursable EU funds, via which the company wants to consolidate the local egg supply under Moldavia brand.