Techub News

Enterprise identity management software company Saviynt has secured a large-scale investment, significantly enhancing its corporate valuation. With this financing, Saviynt's corporate valuation reached approximately 31 trillion Korean Won, further solidifying its market position.

Saviynt recently raised $700 million (approximately 1.008 trillion Korean Won) in growth funding, led by private equity firm KKR. This round of financing also saw participation from Sixth Street Growth, Ten Eleven, and Charic Capital Partners, with Charic making a follow-on investment as an existing investor. Saviynt's founder and CEO Sachin Nayyar stated: "The market demand for secure and controllable 'digital identities' has surged," and this funding enables the company to actively respond to this demand.

The digital asset company successfully completed the second phase of the on-chain U.S. Treasury financial experiment with global financial institutions, demonstrating real-time collateral reuse capabilities and stablecoin liquidity expansion.

This experiment was conducted on the private blockchain Canton Network, showcasing the possibility of real-time transfer and reuse of tokenized U.S. Treasuries in interbank transactions. The blockchain technology overcame the time delay issues associated with collateral reuse in traditional finance. Particularly in this phase, in addition to USDC, various stablecoins were utilized to execute multiple financial transactions using Treasury positions as collateral.

Real Finance, a tokenization platform for real-world assets (RWA), successfully raised $29 million (approximately 4.26 billion Korean Won) in private funding and officially launched the construction of RWA infrastructure. This funding will be used to build the technological foundation to facilitate the adoption of tokenized assets by institutional investors.

This round of financing was led by digital asset investment firm Nimbus Capital, which contributed $25 million (approximately 3.68 billion Korean Won). Additionally, institutions such as Magnus Capital and Precaz Group also participated, collectively raising $29 million.

Real Finance plans to use the raised funds to expand its compliance and operational infrastructure and to begin building a full-service RWA platform. Its goal is not merely to create a tokenized system linked to exchange rates, but to develop a comprehensive platform that institutional investors can actually operate and utilize.

The Real Finance tokenization network for real-world assets (RWA) has successfully completed a private fundraising of approximately 42.5 billion KRW to build a tokenization infrastructure aimed at institutions. Analysis indicates that, given the participation of numerous investors focused on the growth momentum of the RWA market, the intersection of traditional finance and blockchain is rapidly expanding.

Real Finance has obtained $25 million (approximately 36.7 billion KRW) in this round of financing from Nimbus Capital, a professional investment company specializing in digital assets, with additional participation from Magnus Capital and Precaz Group. The raised funds will be used to expand compliance and operational infrastructure, as well as to develop a one-stop RWA tokenization platform.

The core server software 'rippled' of the XRPL (Ripple Ledger) has undergone a major upgrade to version 3.0.0. This update aims to comprehensively enhance system stability through bug fixes, performance improvements, and protocol revisions.

This version 3.0.0 fixes dozens of bugs in the existing codebase, with a wide range of upgrades covering consensus algorithms, ledger entry processing logic, inter-node connections, remote procedure call systems, build environments, test automation, and external dependency modules.

Particularly among the core changes at the protocol level, a new amendment to fix the missing 'keylet' field in certain ledger objects has been adopted. The XRPL network implements protocol changes across the entire network through such 'amendments'.

On December 10, 2025, the cryptocurrency market continues to be strong, with Bitcoin breaking $93,000, and Ethereum and major altcoins generally rising as well. Meanwhile, the market is also monitoring multiple complex signals such as the recent sharp rise leading to an expansion of short position liquidations, inter-exchange volatility differences, and regulatory expectations.

Bitcoin is reported at $93,822, up 4.05% for the day; Ethereum is trading at $3,360, up 7.66%. Ripple (+2.60%), BNB (+2.07%), Solana (+5.82%), Dogecoin (+5.50%), and Cardano (+9.44%) are mostly up, while Tron is down 0.24%.

The total market capitalization is reported at $3.2029 trillion, with a 24-hour trading volume of $141.9 billion. Bitcoin's market share is 58.47%, and Ethereum's market share is 12.66%.

The stock price of Sapien Semiconductor, which went public on KOSDAQ, recorded a double-digit increase in the after-hours market, attracting the attention of investors. The continued surge in the short term, despite the absence of any significant positive news, has heightened market interest in its future price trajectory.

As of 5:43 PM on the 9th, Sapien Semiconductor traded at 36,300 won in after-hours trading, up 10.33% from the previous trading day's closing price of 32,900 won. Generally, after-hours trading is characterized by a continuation of the stock price trends observed in the regular market or reflects new information that emerges after the market closes.

Samsung Electro-Mechanics has invested hundreds of billions of Korean won in a Norwegian advanced motor technology company, beginning the acquisition of core technologies needed for humanoid robot development. As humanoid robots are regarded as a new growth business area, this move signifies the official launch of competition for future industry dominance.

According to industry sources, Samsung Electro-Mechanics recently made a strategic investment of several million euros in the Norwegian specialized motor manufacturer "Alba Industries." It is reported that this investment was made through Samsung Electro-Mechanics' venture capital subsidiary, Samsung Venture Investment, utilizing funds from a newly formed technology business investment portfolio. The investment scale is expected to reach hundreds of billions of Korean won.

There are predictions that XRP may test the $2.50 level (approximately 3,678 Korean Won) again in the upcoming December. However, analysts point out that the primary prerequisite for this round of increase is to maintain the important support line.

Cryptocurrency analyst Ali Martinez recently pointed out through chart analysis that XRP has formed a strong support line at the $1.94 level (approximately 2,854 Korean Won). He stated that this level has previously served as a cornerstone for rebounds multiple times, and if the support line can be maintained, it would be favorable for upward movement.

Currently, XRP appears to have reached an important turning point after experiencing a long-term downtrend. Although recovery has not been easy since the sharp drop on October 10, some positive signals have been captured. In particular, analysts believe that institutional demand has somewhat led the recovery momentum following the launch of the XRP-based spot ETF.

Bitcoin (BTC) has regained upward momentum in the short-term trend, breaking through $94,000 (approximately 138.23 million KRW). Despite market vigilance ahead of the upcoming Federal Open Market Committee (FOMC) meeting, Bitcoin bulls have reestablished dominance.

Bitcoin has lost direction near $93,000 (approximately 136.8 million KRW) over the past few days after breaking its upward structure on the 3rd, showing a sideways consolidation trend. This is mainly due to most traders adopting a wait-and-see approach ahead of the FOMC statement release. However, on the 4th local time, Bitcoin strongly broke through $93,500 (approximately 137.31 million KRW), reigniting short-term upward momentum.

The KOSDAQ-listed company Hanju ART has decided to implement a paid capital increase through a third-party allocation method to raise approximately 35 billion KRW in operating funds. The new shares will be fully allocated to specific investors.

Hanju ART officially announced the paid capital increase plan on December 9, 2025, through the Financial Supervisory Service's electronic public disclosure system. The issue price of the new shares is set at 758 KRW per share, totaling 4,617,414 common shares to be newly issued. The entire new share plan will be allocated to a specific investor named 'P&A Investment Portfolio,' which is a typical third-party allocation method that can be relatively quick during the fundraising process.

Bitcoin (BTC) price surged 3.5% in a day, breaking through $94,600 (approximately 138.77 million Korean won) during the session. As the Federal Open Market Committee (FOMC) benchmark interest rate decision is set to be announced in a day, market sentiment is increasingly leaning towards betting on the possibility of a rate cut.

According to data from the decentralized prediction platform Polymarket, market participants believe there is a 96% probability of a 25 basis point (0.25%) rate cut. This indicates that investor expectations for the central bank to shift to an accommodative monetary policy have peaked.

This expectation has stimulated strong buying across the entire cryptocurrency market and triggered the liquidation of short positions. As of the time of writing, approximately $66 million (around 969 billion Korean won) of leveraged short positions have been liquidated in just the past hour, with total liquidations over the past 24 hours reaching about $400 million (around 5.883 trillion Korean won). Of this, about $311 million (around 4.574 trillion Korean won) came from traders betting on a decline.

Ripple recently raised $500 million (approximately 7.353 trillion won) through a share sale, bringing its enterprise valuation to $40 billion (approximately 58.828 trillion won). This investment is a large transaction involving major Wall Street institutions, which not only strengthens Ripple's position in the cryptocurrency market but also brings renewed attention to its token XRP.

According to Bloomberg, this round of financing was facilitated under the trend of institutional investors gradually wanting to enter the digital asset market while requiring structured protection measures. The participating investors include Castle Securities, Fortress Investment Group, Marshall Wace, Brevan Howard, Galaxy Digital, and Pantera Capital.

The ultra-small satellite development company NaraSpace has attracted significant attention in the general subscription of its IPO, setting a record competition ratio of 699.61 to 1. The total subscription margin reached 24.819 trillion KRW.

NaraSpace conducted a two-day public offering subscription for general investors starting from December 8. General subscription refers to the process of a company publicly offering new shares to the securities market before going public, providing a channel for individual investors to participate. The high amount of subscription margin gathered in this offering shows that investor expectations are quite high.

Previously, the company set the issue price at the upper limit of the desired range of 16,500 KRW based on demand forecasting aimed at institutional investors. Demand forecasting is a procedure in which institutional investors participate in assessing the appropriate share price of a company. Setting the issue price at the upper limit indicates that institutional demand is quite strong.

The price of Bitcoin (BTC) has shown an upward trend again, boosting market investor expectations. It has risen by 1.16% in the past 24 hours, breaking through $90,858 (approximately 133.45 million KRW), and has crossed the short-term resistance line, indicating the possibility of further increases.

According to TradingView charts, based on the 1-hour candlestick, Bitcoin is seeing buying pressure surge after breaking through the strong resistance line near $90,000. Analysts predict that if buying continues, it could reach $92,000 (approximately 135.22 million KRW) within the day. The current market price is about $91,486 (approximately 134.45 million KRW).

The cryptocurrency market as a whole shows an upward trend, with Bitcoin breaking 130 million won. Major competing coins have also joined the upward trend, injecting vitality into the entire market.

Bitcoin has risen by 3.3% in the last 24 hours... breaking 130 million won

Bitcoin has risen by 3.3% in the last 24 hours, breaking 130 million won. The current Bitcoin trading price is 136,610,000 won, having escaped the adjustment phase and showing upward momentum again. Experts analyze that the inflow of institutional investors and market stability are the reasons for the recent rise, and suggest the possibility of breaking 150 million won before the end of the year.

One of the representative on-chain indicators of Bitcoin (BTC), the "Hash Ribbons," triggered its fifth "buy signal" in 2025. This indicator has previously accurately predicted turning points for long-term uptrends after sharp declines from highs, thus attracting significant market attention.

According to data from the on-chain analysis platform Capriole Investments, the 30-day moving average of the hash rate has once again broken above the 60-day moving average, showing a typical "miner surrender followed by recovery" pattern. This is often seen as a signal that prices may begin a medium- to long-term uptrend near the lows.

The current Bitcoin price is hovering between the demand support line just below the opening price of $93,000 (approximately 136.75 million KRW) and $90,000 (approximately 132.33 million KRW), with unclear direction. On November 21, it retraced to $80,500 (approximately 118.44 million KRW), a drop of about 36% from the historical high of $126,000 (approximately 185.23 million KRW).

Twenty One Capital, trading under the ticker "XXI" on the New York Stock Exchange (NYSE), has officially begun trading. The company is one of the first institutional-grade enterprises focused on Bitcoin (BTC), co-founded by Jack Mallers, aiming to become the world's largest publicly traded Bitcoin holding company through its listing.

This listing is the result of completing a business merger with Cantor Equity Partners. Twenty One Capital currently holds a total of 43,514 BTC. Its value is approximately $3.9 billion (about 57.339 trillion Korean Won), making it the third largest publicly traded company by Bitcoin holdings, after Strategy and MARA Holdings.

Polygon (MATIC) implemented the 'Madhugiri hard fork' to enhance mainnet performance. This upgrade increased transaction processing capacity by 33% and laid the technical foundation for the flexibility of future network development.

This hard fork took effect at 7 PM KST on December 9 at block height 80,084,800. The main changes include raising the Gas limit per block from the original 30 million to 45 million, allowing the network to handle more transaction data and directly improving network scalability. The block generation time is also fixed at 1 second, further accelerating the processing speed.

The Polygon development team has introduced a more flexible way to adjust network settings through this hard fork. Previously, system changes that required a hard fork can now be achieved through simple parameter adjustments via proposals (PIP 75).

TokenPost, in collaboration with Professor Kim Hyungjoong, has launched a large-scale serialized project (Korean Crypto Frontiers: The Untold Stories). This series aims to restore the origins of the South Korean cryptocurrency industry and uncover the untold stories of its pioneers. New chapters will be released weekly, and this article contains only part of the story. The complete content can be found at frontier.tokenpost.kr. [Editor's Note]

From the establishment of BitcoinKorea in 2012 to Korbit starting cryptocurrency trading in September 2013, BitcoinKorea was the only channel supplying Bitcoin to South Korea. Initially, foreigners were the main customers at this sales point. Over time, the proportion of South Koreans gradually increased. Among those South Korean customers was also Korbit's founder, Yoo Youngsuk. BitcoinKorea was the first company to supply Bitcoin to South Korea within the legal framework.