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Upbit's parent company Dunamu acquisition case is progressing, Naver's board of directors will give final confirmation next week

2 hours ago

On November 19th, according to a report by "koreatimes", sources stated that South Korea's largest portal website Naver is likely to confirm the acquisition plan of Dunamu at the board meeting scheduled for next week. Dunamu is the operator of South Korea's largest cryptocurrency exchange, Upbit. Sources disclosed that Dunamu plans to hold a board meeting on November 26th to finalize the details of the acquisition plan. It is reported that Naver plans to drive a comprehensive stock swap through its fintech subsidiary, Naver Financial, making Dunamu its wholly-owned subsidiary in an effort to expand its business presence in the digital finance field.
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Federal Reserve Governor Waller: Fed Could 'Possibly' Shrink Its Balance Sheet Again

On November 19th, Federal Reserve Governor Milan stated that the Federal Reserve "might" potentially reduce its balance sheet again in the future. (Xinhua News Agency)

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Kraken: Has Secretly Submitted Draft IPO Registration Statement to the SEC

On November 19th, as per an official announcement, Payward, Inc. (operating under the name "Kraken") has made the announcement that it has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) in connection with its proposed initial public offering (IPO) of common stock. The details regarding the number of shares to be issued and the price range for the offering have not been determined yet. The IPO is anticipated to take place following the completion of the SEC's review process and is subject to market and other circumstances.

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NASDAQ Gains Expand to 1%, NVIDIA Now Up 3%

On November 19th, based on market data, the gain of the Nasdaq expanded to 1%. Currently, Nvidia (NVDA.O) is up by 3%. (Oriental Fortune Network)

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Arthur Hayes has once again sold 320,000 LDO tokens, approximately $227,000.

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Federal Reserve Governor Milan will deliver a speech on "Bank Regulation and the Federal Reserve Balance Sheet" in ten minutes

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Traders Resist New York Fed Loan Facility, Fed's Repurchase Market Pressure Relief Hindered

November 19th. According to foreign media reports, traders have given the thumbs-down to the New York Fed's proposal to utilize a lending tool in order to ease market stress. Bond traders have shown resistance to the urging of Federal Reserve officials to make use of a key lending tool, which has complicated the Fed's efforts to alleviate pressure in the $12 trillion repurchase market. Sources with knowledge of the matter disclosed that last week, during a meeting, major trading firms representing Wall Street banks expressed to officials that there still exists a stigma risk in borrowing directly from the central bank, which can be regarded as a sign of trouble. This is also one of the reasons why they are reluctant to use the Standing Repo Facility (SRF). Others pointed out operational and balance sheet restrictions that make it difficult to access the tool.

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