ZetaChain plans to wind down its Cosmos-based layer 1 and migrate ZETA to Solana, joining other crypto projects moving away from standalone chains. ZetaChain tokenholders have approved a plan to wind down the project’s layer-1 blockchain and migrate its native ZETA token to Solana. Governance proposal 68 passed Sunday with 99.4% support and 58% participation, exceeding the network’s 40% quorum requirement. Under the proposal, ZETA will become an SPL token on Solana through a 1:1 conversion, with the same ticker and total supply. According to the proposal, the vote does not immediately trigger ZetaChain’s shutdown or migration. Core contributors will submit a second proposal detailing the withdrawal window for assets linked to other blockchains, snapshot block height, shutdown timetable, token claim process and exchange conversion period. Validators will continue operating and staking rewards will continue during the transition. Read more
The Bank of Korea’s new network will let foreign investors settle won transactions during business hours in their home countries. The Bank of Korea (BOK) launched a pilot of its first 24-hour won settlement network, aimed at allowing foreign investors to settle won transactions outside South Korea’s normal banking hours. On Monday, the central bank said its international wire network started trial operations with four domestic lenders: KB Kookmin Bank, Woori Bank, Hana Bank and Shinhan Bank. Full operations are scheduled for January 2027, when participation is expected to expand to other institutions and foreign banks. The network will operate 24 hours a day, excluding weekends and public holidays. Foreign investors will be able to settle won transactions during business hours in their home countries through accounts with Registered Foreign Institutions for KRW Business, or RFI-Ks, without opening accounts directly with South Korean financial institutions. Read more
Bitcoin’s move above its 50-week moving average has historically marked the end of bear markets, but analysts say one weekly close isn’t enough to confirm a new bull run. Bitcoin has closed above its 50-week moving average for the first time in more than 10 months, a development some analysts said could signal the end of Bitcoin’s bear market. Bitcoin closed the week at $81,159 on Coinbase on Sunday, above its 50-week moving average of $78,788, according to TradingView. The last weekly close above the moving average was on Nov. 9, 2025. In August, Galaxy Research’s head of firmwide research Alex Thorn described the 50-week moving average as serving as a ceiling during bear markets. Read more
The five-year digital bond reportedly shortened settlement from three to five business days to the same day using Euroclear’s blockchain infrastructure. South Korea’s Hana Bank has reportedly issued a five-year, $100 million digital bond using Euroclear’s blockchain-based platform. On Monday, Yonhap News Agency reported that the bank used Euroclear’s Digital Financial Market Infrastructure to issue the foreign-currency bond. The report described the transaction as the first digital bond issuance in South Korea to directly use Euroclear’s blockchain infrastructure. According to Yonhap, the bond’s issuance, registration and settlement were processed on a distributed ledger network. Using the technology for bond allocation and payment settlement reportedly shortened the process from three to five business days to the same day. Read more
North Korean cyber group WaterPlum targeted developers with fake jobs at crypto, AI and NFT companies, infecting at least 30,000 devices across more than 100 countries. North Korean hacking group WaterPlum stole at least $10.7 million by posing as recruiters for legitimate crypto and AI companies, attacking unsuspecting job seekers with malware. The group, also known as Contagious Interview, targets software developers and IT professionals worldwide, according to a joint advisory from Japan, Germany, Australia and the US. Authorities said the fake recruiters also impersonated non-fungible token (NFT) companies and used recruiting services. “The primary targets were individual web designers, engineers, and specialists in cryptocurrency, blockchain, and Web3 technologies,” they added. Read more
Crypto missed out CLARITY, but tokenized stocks were legalized and the Bitcoin Reserve advanced. Meanwhile Standard Chartered says Arbitrum’s price could increase 70 times by 2030. After a year’s buildup, the US Senate failed to pass a cloture motion on the Digital Asset Market Clarity (CLARITY) Act. The motion received just 49 votes in favor and 50 against, well short of the 60 votes required. However, Republican Senator Thom Tillis’s “no” vote was not all it seemed, and he confirmed he’d only switched sides at the last minute to enable him to call a new vote in future. Read more