Bitdeer sells all Bitcoin, Metaplanet rejects misconduct claims: Asia Categorical

Every thing that occurred in crypto information in Asia over the previous seven days: Asia Categorical.

Bitdeer liquidates complete Bitcoin treasury, holdings fall to zero

Bitdeer has bought all of its company Bitcoin holdings.

The Singapore-headquartered Bitcoin miner stated in its weekly report that its “pure holdings,” which excludes buyer deposits, has now dropped to zero.

Bitdeer held 943.1 BTC per week in the past earlier than its company treasury was liquidated, down from 2,470 BTC in November.

A number of Bitcoin miners, together with Bitdeer, have lowered their reliance on Bitcoin after the final halving lowered block rewards to three.125 BTC from 6.25 BTC, and want to increase into AI infrastructure.

“We’re at present evaluating a number of non-binding powered land acquisition alternatives, and we imagine it’s prudent to arrange liquidity now,” Bitdeer tweeted, including that it’ll proceed mining Bitcoin.

The following Bitcoin halving is anticipated to happen round April 2028.

SBI affords XRP to its safety token buyers

SBI Holdings will subject its first safety token company bond in March. It would commerce on Osaka Digital Trade’s START platform and provide XRP rewards to buyers.

The digital bond might be issued and managed on personal blockchain “ibet for Fin” as an alternative of Japan’s conventional securities depository system, and can grow to be the primary safety token company bond listed on START.

Buyers who buy the bonds in the course of the providing interval may also obtain XRP as a promotional incentive.

SBI Holdings is considered one of Japan’s largest monetary teams and has been lively in crypto for years, together with as a serious shareholder in Ripple, the San Francisco fintech firm whose merchandise are constructed across the XRP Ledger.

Metaplanet rejects accusations of hidden Bitcoin losses

Simon Gerovich rejected claims that Metaplanet misrepresented its Bitcoin technique and associated disclosures.

In a Friday X put up, the Metaplanet CEO stated the Bitcoin treasury firm reported all of its BTC purchases and denied any misconduct.

Gerovich was responding to criticism circulating on social media that Metaplanet delayed or withheld details about Bitcoin purchases funded with shareholder capital, hid losses and failed to totally disclose key phrases of its BTC-backed borrowings.

In accordance with Gerovich, Metaplanet disclosed 4 Bitcoin purchases in September, buying a complete of 11,832 BTC in the course of the month.

With 35,102 BTC, Metaplanet holds the fourth-largest stash amongst publicly traded corporations and the biggest in Asia.

Kucoin in scorching Thai water

Thailand’s securities regulator has prolonged the deadline for ERX, the operator of KuCoin’s native department, to handle its capital deficiency or threat shutting down.

KuCoin’s deadline was pushed to March 30 from Feb. 12. The alternate quickly suspended operations on Jan. 3 after its capital fund degree fell under 60% of the minimal requirement on Dec. 29.

Regardless of dropping under the edge, Thailand’s Securities and Trade Fee stated its inspection discovered that shopper belongings remained safe.

The alternate can be underneath strain within the European Union, the place it’s licensed via Austria. The nation’s Monetary Market Authority stated Thursday that KuCoin now not has enough key operate holders to forestall cash laundering and ordered it to revive compliance as quickly as attainable. The regulator additionally barred KuCoin from onboarding new clients.

South Korea’s mysterious crypto thief returns what they took

A mysterious hacker has reportedly returned Bitcoin that South Korean prosecutors misplaced in 2025.

The Gwangju District Prosecutors’ Workplace stated its official pockets unexpectedly acquired 320.88 Bitcoin (about $21 million) on Tuesday. 

Whereas intent can’t be decided from blockchain transactions alone, prosecutors stated they requested native exchanges to freeze any onramp accounts linked to the hacker’s pockets.

The cryptocurrency landed in public custody following an August 2025 investigation. In January, authorities blamed phishing campaigns after realizing it misplaced Bitcoin throughout routine inspections.

The Shibuya stablecoin incident

Digital Storage, JCB and Resona Holdings will check stablecoin funds at a Tokyo cafe subsequent week, permitting clients to pay with USDC and JPYC utilizing self-custody wallets.

The pilot will happen at Pangaea Cafe & Bar, situated in Shibuya, a serious business and leisure district in Tokyo identified for its procuring, nightlife and the long-lasting Shibuya crossing.

The week-long trial, scheduled for Feb. 24 to March 2, will let clients settle purchases in USDC on Base and JPYC on Polygon, with retailers in the end receiving cost in Japanese yen.

Japan is the primary main economic system in East Asia to launch a regulated stablecoin pegged to its native foreign money.

Financial institution of Korea doesn’t budge on stablecoin issuance

The Financial institution of Korea (BOK) has renewed its name for won-pegged stablecoins to be issued solely by business banks.

In accordance with reviews, the central financial institution described gained stablecoins as “currency-like substitutes” and warned that privately issued tokens may undermine financial coverage and pose dangers to monetary stability.

The BOK stated permitting non-bank entities to subject stablecoins may violate South Korea’s long-standing separation of banking and commerce. It argued that banks, that are topic to capital, governance and compliance necessities, ought to be granted issuance rights first, with any enlargement to non-banks thought-about solely after additional threat assessments.

Disagreements over who ought to be allowed to subject stablecoins have delayed progress on South Korea’s broader crypto regulatory framework.

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Yohan Yun

Yohan (Hyoseop) Yun is a Cointelegraph workers author and multimedia journalist who has been masking blockchain-related matters since 2017. His background consists of roles as an project editor and producer at Forkast, in addition to reporting positions targeted on expertise and coverage for Forbes and Bloomberg BNA. He holds a level in Journalism and owns Bitcoin, Ethereum, and Solana in quantities exceeding Cointelegraph’s disclosure threshold of $1,000.