What in the World is Happening? đ¤
- Theyâre swapping stocks faster than a cowboy swaps horses in a saloon. Naver Financial plans to issue new shares for Dunamuâs current ones. Sounds like a poker game, doesnât it? đ
- Naverâs shares jumped over 7% to âŠ246,000 ($175). I guess the market likes shiny new acquisitions. Cha-ching! đ°
Meanwhile, in the Crypto Universe đ
BTCBTC$111,719.29â˘0.86%
South Koreaâs beloved crypto exchange Upbit is apparently getting hitched to internet giant Naver. đ According to the grapevine, this deal will make Dunamu (Upbitâs parent) a subsidiary of Naver Financial. Sounds like a corporate soap opera, doesnât it? đş
Upbit, one of the biggest crypto exchanges in South Korea, will soon be under the same roof as Naver Pay. Imagine the awkward family dinners. đ
Reports say itâs a stock swap deal-fancy way of saying theyâre trading paper for more paper. đ Naverâs shares shot up faster than a rocket after the news broke. Clearly, the marketâs got the memo.
This whole kerfuffle comes as South Koreaâs government tries to sort out stablecoins. Maybe theyâre tired of wobbly coins and want something stable for once. đ¤ˇââď¸
Naver and Dunamu havenât commented yet. Maybe theyâre too busy celebrating-or panicking. Who knows? đ¤ˇââď¸
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2025-09-25 08:08