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Coupang has admitted that unauthorised access exposed the personal information of 33.7 million customer accounts, marking the worst data leak in South Korean history. The leaked data includes names, email addresses, phone numbers, delivery addresses and some order histories, while payment credentials and login details are said to remain secure. The breach first began on 24 June and remained undetected until 18 November, when the company discovered suspicious access affecting about 4,500 accounts — a figure swiftly revised upward as investigators uncovered the full scale of the leak.

Police investigators are analysing server logs and have identified the IP address used in the attack, triggering efforts to trace the suspect. Authorities have not confirmed the nationality of the person under suspicion, though local media have pointed to a former employee of Chinese origin. Coupang filed a formal complaint on 25 November under legislation covering unauthorised access and data theft, and the probe has since turned into a full-fledged criminal investigation.

In response to mounting public concern, the Ministry of Science and ICT convened an emergency meeting to examine whether Coupang violated national data-protection laws. The government has warned that the exposed information — though not financial in nature — could easily be used for phishing, identity theft or other scams, particularly given the extent of the leak and the volume of personal data involved.

Coupang says it blocked the breach route as soon as the intrusion was confirmed and has engaged external cybersecurity experts to strengthen internal monitoring. The firm also issued a public apology through its chief executive, pledging full cooperation with law enforcement and regulatory bodies.

Japan’s 10-year government bond yield jumped to 1.84 percent, marking its highest level since 2008, sending ripples across global financial markets. Equities and risk assets came under pressure while investors reassessed portfolios built on cheap Japanese funding.

The surge reflects an abrupt shift away from decades of near-zero rates in Japan, transforming the dynamics of global capital flows. Long considered a foundation of stability, Japanese government bonds are now drawing fresh interest, prompting capital repatriation as investors seek higher yields at home. This shift threatens to unwind the entrenched “yen carry trade,” where investors borrowed yen cheaply to pour money into higher-yielding markets abroad — including equities and cryptocurrencies. With yen-denominated debt now offering compelling returns, such cross-border funding strategies are losing appeal.

As liquidity conditions tighten, markets for risk assets are being reshaped. Cryptocurrencies and tech stocks, once buoyed by easy global credit, have borne the brunt of investor risk aversion. Traders point out that this yield shock was partly triggered by a shift in market expectations around the Bank of Japan, which has signalled the possibility of further rate increases in its upcoming policy review. That, combined with concerns over Japan’s sizeable fiscal obligations and growing government borrowing, is pushing bond yields across the maturity curve higher — including 20-, 30- and 40-year maturities that recently recorded historic highs.

For global investors, the implications are stark. Funds and hedge-fund managers that relied on yen-funded carry trades now face rising funding costs and diminishing returns. Emerging markets and growth-oriented sectors that thrived on abundant liquidity may see capital outflows as investors retreat to safer, yield-bearing bonds. Currency markets have already reacted: the yen has strengthened sharply, adding pressure on exporters and raising the cost of dollar-denominated investments for Japan-based holders.

Analysts note that this yield shock does not necessarily spell widespread collapse — but signals a structural recalibration. Portfolios will need to adapt to a world where Japanese bonds are no longer a funding tool, but a competing asset class in their own right. For risk assets to recover, markets will need fresh capital inflows rather than the easy money of the past.

China’s central bank has reaffirmed its prohibition on cryptocurrency use and announced a renewed enforcement drive targeting stablecoins and underground trading networks. At a high-level interagency meeting convened in Beijing by the People’s Bank of China, officials declared that all virtual currencies remain outside the legal tender framework and insisted that any related business activity constitutes illicit financial conduct.

The PBOC underscored heightened concerns over what it described as a resurgence in speculative trading and misuse of stablecoins. According to the statement delivered at the meeting, stablecoins fail to meet mandatory requirements for identity verification and anti-money-laundering safeguards — deficiencies that increase their vulnerability to use in fraud, money laundering and unauthorised cross-border transfers.

China outlawed trading and mining of cryptocurrencies in 2021, with regulators barring financial institutions and intermediaries from facilitating such activity. The current announcement makes explicit that the ban also extends to stablecoins — digital assets whose value is typically pegged to fiat currencies or other claims — signalling a shift from broad prohibition to more specific targeting.

Officials from thirteen government agencies, including judicial and cyberspace regulatory bodies, participated in the enforcement meeting, indicating that anti-crypto efforts are being treated as a coordinated, cross-sector priority. The agencies pledged to intensify monitoring, crack down on underground trading platforms, clamp down on illicit payment flows and coordinate information sharing across law enforcement and regulatory bodies.

The renewed clampdown comes even as some on-the-ground activity suggests partial revival of mining in certain energy-rich provinces, driven by low electricity costs and data-centre growth. Reports indicate that a segment of cryptocurrency miners have quietly restarted operations despite the 2021 ban, suggesting enforcement may be uneven across China’s vast terrain.

Regulators framed the move as necessary to safeguard financial and economic stability, citing recent upticks in speculation, fraud and illegal cross-border capital flows linked to virtual currencies. The articulation of fresh enforcement measures and explicit inclusion of stablecoins reflects a shift in China’s regulatory approach — from discouragement to active suppression.

Given the global ripple effects of China’s policy, observers expect tightening enforcement to influence not only domestic underground markets but also international crypto platforms, stablecoin issuers and cross-border payment flows that might involve Chinese users or capital.

By K Raveendran An evolving convergence of political intent and economic pragmatism is giving fresh momentum to the India–Russia relationship, placing the forthcoming summit in New Delhi as a significant moment in a partnership that has already weathered decades of geopolitical shifts. The visit of President Vladimir Putin, framed within the terminology of a ‘Special […]

The article Delhi Summit To See A New Strategic Reset In India-Russia Partnership appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

South Korea’s largest cryptocurrency exchange saw roughly $36 million drained from its hot wallet linked to the Solana network in what officials describe as an “abnormal withdrawal”. The breach triggered an immediate freeze on deposits and withdrawals. The operator, Dunamu, moved remaining assets into cold storage and pledged to fully reimburse all affected users.

Authorities in Seoul identified the hacking group Lazarus Group — long associated with previous crypto thefts — as the prime suspect behind the intrusion. Investigators plan an on-site inspection of Upbit’s systems to determine how attackers bypassed security protocols.

The tokens siphoned off included SOL alongside several Solana-ecosystem assets. Observers noted that the attack bears striking resemblance to a prior Upbit breach in 2019 — when 342,000 ETH disappeared under circumstances later attributed to Lazarus and associated groups.

Security firms monitoring on-chain flows report that the speed and pattern of withdrawals mirror those from Lazarus-linked incidents. Analysts warn that the hack underscores persistent vulnerabilities when hot wallets — the always-online accounts exchanges use for frequent transactions — remain exposed to governance failures or credential compromises.

The timing of the incident coincided with a corporate milestone for Dunamu: the day saw the public announcement of a planned merger with technology firm Naver. Some security experts speculate that the attackers might have deliberately chosen the moment to maximise impact on market confidence and regulatory attention.

Upbit’s management emphasised that user assets held in cold storage remained untouched. The company began working immediately with token issuers and blockchain-analytics firms to freeze traceable stolen funds. Officials involved in the probe noted the laundering techniques — rapid mixing of tokens across multiple wallets and networks — reflect a refined modus operandi honed over several high-profile attacks.

Dogecoin has attracted fresh attention as price action strengthens in tandem with the debut of its first U. S. spot ETFs, even though initial institutional demand appears muted. Trading volume surged and chart patterns suggest growing bullish conviction among some market participants.

The first U. S.-listed spot Dogecoin ETF, Grayscale GDOG ETF, began trading on the NYSE Arca with a zero-fee structure for early investors. Its opening-day volume totalled just $1.41 million—well below some analyst estimates—but the listing nevertheless marks a milestone, signalling growing institutional interest in meme-coins like Dogecoin. The ETF’s modest start prompted tempered expectations, yet it underscores a desire among asset managers to provide regulated exposure to DOGE beyond speculative retail trading.

Parallel to the ETF launch, DOGE’s price behaviour has drawn attention. The token has been defending a support zone around the $0.15 level. Technical indicators show a compression of exponential moving averages and the formation of a falling wedge on daily and 12-hour charts—structures often interpreted by analysts as consolidation preceding a potential breakout. Should DOGE clear the resistance zone near $0.154–$0.16 with convincing volume, traders believe a move toward $0.18–$0.20 could follow.

Some traders cite the emergence of “higher lows” in recent trading sessions as evidence that buying pressure is gradually building. That pattern reflects increasing confidence in the token’s support base, potentially signalling a shift away from prolonged downtrends that have weighed on many altcoins over recent months.

Still, scepticism persists among observers. The low launch volumes of both the Grayscale ETF and comparable products highlight caution among institutional players. Compared with high-visibility fund flows into leading cryptocurrencies such as Bitcoin, the uptake of DOGE appears subdued—underscoring doubts about the token’s long-term appeal beyond meme status.

Macroeconomic conditions and broader market sentiment remain uncertain. Elevated volatility in crypto markets, combined with macroeconomic headwinds, may continue to dampen aggressive accumulation strategies. For DOGE to sustain upward momentum, technical breakout must align with renewed investor conviction.

At present, DOGE’s trajectory appears to hinge on whether it can secure a decisive breakout above the $0.16 resistance zone backed by volume. A successful move could ignite a rally toward $0.18–$0.20 and possibly higher; failure to do so may leave the token vulnerable to further consolidation or declines.

Stock market information for Dogecoin