Coinbase granted full license in Singapore

[OKX to Launch Zcash (ZEC) Spot Trading] OKX announces the launch of Zcash (ZEC) spot trading with the following schedule: ZEC deposits will open on November 23, 2025, at 13:45 (UTC+8); ZEC pre-order period will be from November 24, 2025, 19:00 to 20:00 (UTC+8); ZEC/USDT spot trading will commence on November 24, 2025, at 20:00 (UTC+8); ZEC withdrawals will open on November 24, 2025, at 22:00 (UTC+8).

[Tom Lee: October 11 Crypto Market Crash Triggered by Abnormal Drop in USDE Leading to Auto Liquidations] On November 23, Tom Lee stated in an interview that the crypto market crash on October 11 was caused by an abnormal drop in the USDE price on a certain trading platform to $0.65 (while other platforms maintained the $1 peg), triggering the auto-deleveraging mechanism (ADL) and resulting in the forced liquidation of numerous accounts. Due to insufficient liquidity on the platform, the liquidations caused a chain reaction that affected the entire market, leading to the liquidation of a large number of crypto accounts in a short period. Tom Lee pointed out that this incident stemmed from the trading platform's failure to collect cross-platform price data, relying instead on an internal pricing system, which exposed code vulnerabilities and systemic risks. He also mentioned that this event significantly reduced the capital of market makers and trading institutions, creating a vicious cycle. Tom Lee emphasized that the essence of DeFi lies in code vulnerabilities and leverage risks, and investors should not abuse leverage.

[SitusAMC Hit by Cyberattack, Client Data from Multiple Wall Street Banks May Have Been Leaked] Real estate loan servicing technology provider SitusAMC stated that it experienced a cyberattack on November 12. Major banks such as JPMorgan Chase, Citigroup, and Morgan Stanley have been notified by SitusAMC, indicating that client data may have been leaked. The details of the related reports cannot be verified at this time.

The license paves the way for Coinbase to offer a wider range of Digital Payment Token services in the region.

[Full Details of the Port3 Network Hack Have Been Identified, Follow-Up Plan in Progress] On November 23, Port3 Network stated on social media that the full details of the hack have been identified, the follow-up plan is being formulated, and the next steps will be announced as soon as possible.