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Crypto

Kraken starts forced sale of 7 delisted tokens, warns proceeds could be zero if liquidity thin

Global cryptocurrency exchange Kraken has begun automatically selling remaining user holdings in seven delisted tokens after users can no longer withdraw or dispose of them. The sales run from Aug. 3 to Aug. 7 local time and cover PLANCK, AIR, MICHI, FLY, ANLOG, TERM and STRD. Kraken warned some assets trade in limited markets or are effectively inactive, so sales may execute far below displayed prices and could yield little or no proceeds. It did not disclose execution venues, order, fees or spreads.

Telecommunications & Media

MVNOs seek counterpunch with expanded data QoS option and lower wholesale rates

South Korea’s budget mobile virtual network operator (MVNO) industry, squeezed by the three carriers’ integrated plans and broader data quality-of-service options, is preparing a response after the government moved to cut wholesale rates and extend a 400 Kbps data QoS option to some MVNO plans. The policy package also lowers 5G revenue-sharing wholesale rate ratios by up to 3 percentage points and expands spectrum fee relief for smaller MVNOs from 50 percent to 90 percent.

Finance

Deposit tokens push into payment networks, accelerate capital market overhaul

Deposit-token trials are spreading from payment gateways and merchant networks to cross-border payments, shifting the commercialisation race from issuance to where tokens can be used. Payment and settlement at the same time could cut small merchants’ fees and settlement periods. Inclusive finance is expanding by borrower type as banks tailor products and fintechs support fees. Regulators are weighing tighter limits on single-stock leveraged products. Market reforms also tighten scrutiny of duplicate listings and low-PBR firms.