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Crypto
Bybit continues Middle East expansion despite regional tensions
Cryptocurrency exchange Bybit is accelerating its expansion in the Middle East and North Africa (MENA) market and has appointed Derek Dai as a new country manager, Cointelegraph reported on Sunday. Attention has focused on the UAE-headquartered exchange as regional tensions rise. Bybit co-CEO Helen Liu said some companies are cutting exposure to the Gulf region, while Bybit is increasing investment. Bybit plans to strengthen its local presence through expanding dirham trading and other initiatives.
Crypto
Plume Network wants to tokenise Korean assets and link them to global RWA market
Plume Network, a layer-1 blockchain focused on real-world assets, is accelerating its expansion in South Korea. It has supported the won-pegged stablecoin KRW1 through cooperation with digital asset custodian BDACS and is expanding partnerships with communities and users. CEO Chris Yin said Korean firms are already preparing infrastructure ahead of the expected rollout of a token securities system in about a year. Plume aims to bring Korean assets on-chain and distribute them to global investors.
Crypto
Binance launches first traditional asset-linked perpetual futures, starting with gold and silver
Binance has launched perpetual futures contracts based on traditional assets that track gold and silver, The Block reported on Jan. 8. The contracts are settled in the U.S. dollar-pegged stablecoin tether (USDT) and keep the same 24-hour crypto futures structure. The products include XAUUSDT for gold and XAGUSDT for silver, offered via Nest Exchange Limited, a Binance affiliate approved by Abu Dhabi Global Market’s Financial Services Regulatory Authority.