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first_img Kakao Pay, KakaoBank, and Fireblocks collaborate to explore stablecoin business

Korean fintech company Kakao Pay and internet bank KakaoBank have signed a memorandum of understanding (MoU) with cryptocurrency infrastructure provider Fireblocks to jointly explore digital asset opportunities, including stablecoins. According to the agreement, both parties will conduct proof-of-concept testing for digital asset infrastructure that meets South Korean regulatory, security, and service requirements, aiming to build a secure on-chain infrastructure for the country's emerging digital asset market. The announcement did not disclose specific timelines for launch, investment, or implementation.Kakao Pay primarily focuses on mobile payments and financial services, while KakaoBank is one of the largest internet banks in South Korea, both belonging to the Kakao ecosystem. Fireblocks stated that it provides digital asset infrastructure for over 2,500 institutions, including more than 100 banks. This collaboration follows another partnership between Kakao Group and stablecoin issuer Circle, where the two signed an MoU in July this year to explore blockchain-based payment infrastructure and digital asset technology, and to study opportunities surrounding the Korean won stablecoin and related services.As South Korea gradually improves its digital asset regulatory framework, Kakao Pay and KakaoBank are among many Korean financial and tech companies exploring stablecoin opportunities. In May this year, KB Financial Group completed a pilot for a Korean won stablecoin covering issuance, offline merchant payments, and cross-border remittances; in July, fintech company Toss collaborated with Optimism and Sunnyside Labs to conduct a proof of concept for Korean won-based stablecoin payment infrastructure.

New Fire Group's asset management scale exceeds 2 billion Hong Kong dollars, Amber's Q2 revenue increased by 38.8% quarter-on-quarter

According to BBX data, global listed companies and leading financial institutions have disclosed the latest developments in digital asset management scale, quarterly earnings performance, and crypto clearing infrastructure in recent days. The core information is as follows:New Fire Group (01611.HK) asset management and trading volume hit a record high, AUM surpassed 2 billion HKD: Hong Kong-listed company New Fire Group disclosed its operating data for August. The group's private banking-level digital asset custodian Bitfire Premium successfully surpassed 200 million USD in asset management scale (AUM), a month-on-month increase of about 30%. The total asset management scale of New Fire Group's global market (including the Japanese site BitTrade) has officially surpassed 2 billion HKD. In addition, the platform's trading volume has exceeded 100 million USD for the second consecutive month, and the over-the-counter (OTC) business continues to expand, currently ranking among the major OTC digital asset trading platforms in Hong Kong.Amber (NASDAQ: AMBR) Q2 revenue 13.9 million USD, turning a profit: Nasdaq-listed company Amber announced its unaudited financial performance for the second quarter of 2026. The company's total revenue for Q2 reached 13.9 million USD, a significant month-on-month increase of 38.8%, with gross margin significantly improved to 79.5%. As a result, its operating income and adjusted EBITDA both turned positive, completely reversing the loss situation of the previous quarter.Digital bank SoFi partners with Kraken to enable 24/7 USD settlement and liquidity: Digital bank SoFi has reached a strategic cooperation with the well-known crypto exchange Kraken. Kraken's parent company Payward will officially join SoFi's USD settlement network "SEN," allowing its institutional clients to break the limitations of traditional bank operating hours, transferring USD and managing liquidity around the clock; at the same time, Kraken will launch the stablecoin SoFi USD issued by SoFi, while SoFi will introduce Kraken Prime as an additional underlying liquidity source for its clients' cryptocurrency trading.Bank-led digital currency network Cari completes 32.5 million USD financing: The digital currency network Cari, designed specifically for the banking industry, announced the completion of a 32.5 million USD first round of external financing. This round of funding comes entirely from traditional banking institutions, including First Horizon Bank, Huntington Bank, Key Bank, M&T Bank, Old National Bank, SouthState Bank, and Glacier Bank. Cari aims to help regional, mid-sized, and community banks fully participate in and establish compliant digital currency infrastructure.

first_img Socket exposes 77 malicious wallet extensions for Firefox, 40 confirmed to steal mnemonic phrases

According to a report by Decrypt, security company Socket released research results linking 77 Firefox extensions to what it calls a "wallet theft factory," with 40 confirmed to have malicious behavior.These extensions disguise themselves as Web3 products like OKX, Rabby Wallet, and TronLink, tricking users into importing wallets through fake wallet interfaces or using modified real wallet code to steal mnemonic phrases and private keys as users input them. Mozilla's signature records show that this activity lasted from March 9 to August 3, and multiple extensions were still online at the time of Socket's report.About half of the extensions displayed realistic wallet interfaces and prompted users to import existing wallets, thereby intercepting the inputted mnemonic phrases or private keys; another 13 were modified versions of Rabby that sent account data stored in wallets to external servers while functioning normally; and 5 specifically collected saved credentials and clipboard content.Additionally, 37 extensions disguised themselves as password generators, dark mode toggles, VPNs, currency converters, and note-taking tools, but actually ran sports score applications sharing the same hardcoded credentials. Nine confirmed malicious extensions were initially released as score applications for sports like football and basketball, with subsequent updates replacing them with wallet theft code.Socket named this activity the "wallet theft factory," but cautioned that it has not confirmed whether all extensions are controlled by the same operator. The Socket team stated that any user who has entered mnemonic phrases or private keys into these extensions should consider it a "permanent leak" and immediately transfer funds to a new wallet, as uninstalling the extensions cannot undo the mnemonic phrases sent elsewhere.
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