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Crypto

Financial regulators hold emergency review meeting over Bithumb incident, to check internal controls at all exchanges

South Korea's financial authorities said on Feb. 8 they would inspect overall internal controls at all virtual asset exchanges following an incident at Bithumb involving an erroneous bitcoin payout. The Financial Services Commission held an emergency meeting with the Financial Intelligence Unit and the Financial Supervisory Service to discuss institutional improvements. Authorities also reviewed user compensation plans and told officials to monitor further 피해, on-site inspections and market trends.

Crypto

MetaMask, Ondo Finance partner to trade US RWA tokens in wallet

MetaMask will support users in handling traditional financial assets such as U.S. stocks, ETFs and commodities directly on-chain. Consensys, the developer of MetaMask, said it will partner with on-chain real-world asset tokenisation platform Ondo Finance to integrate U.S. real-world asset-backed tokens into the MetaMask wallet through Ondo Global Markets. The partnership will allow users to hold and trade the tokens in-wallet without separate intermediaries.

Crypto

Polkadot launches smart contract feature, only 19 deployed in first week

Polkadot has received weaker-than-expected early results after formally introducing smart contracts. One week after the feature’s official launch on Jan. 27, only 19 contracts had been deployed, a very low figure compared with the early days of Ethereum or Solana. The market reaction has been described as surprising given Polkadot’s long-standing reputation for scalability and modularity. The development team said early on-chain data is hard to interpret and expects gradual expansion through ecosystem integrations and partnerships.