Asia Market Daily: Nvidia to invest $1B in South Korea's Naver AI data center (2026/7/25)

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Nvidia commits $1 billion to South Korea's Naver for AI data centers. Thai SEC files criminal charges against Bitkub over a 2021 hack cover-up. Mirae Asset rebrands Korbit to Digital X for a full digital asset ecosystem. India proposes an SRO-led crypto regulatory framework.
Nvidia to Invest $1 Billion in Naver's South Korea AI Data Center

Nvidia announced a $1 billion investment in South Korean internet and cloud provider Naver to triple the size of its under-construction AI data center in Korea. The project, developed jointly with Brookfield, will be fully equipped with Nvidia AI hardware. Additionally, Nvidia partnered with SK Group to build AI data center clusters in Korea with total computing power exceeding 2 gigawatts, enough to power 1.5 million homes. SK Telecom will construct the first AI computing plant, set to open next year. CEO Jensen Huang stated, "Korea is entering a golden period of development."

Thai SEC Files Criminal Charges Against Bitkub Over Concealed 2021 Hack

Thailand's Securities and Exchange Commission filed criminal complaints against Bitkub Online and two former directors for concealing a 1.7 billion baht hack involving 16 digital assets in 2021. The SEC alleges false or omitted reporting in daily net capital filings, violating the Digital Asset Business Emergency Decree. Bitkub responded that client assets remain safe and that its co-founder had personally purchased equivalent assets at the time, ensuring no customer losses.

South Korea's Mirae Asset Rebrands Korbit to Digital X for Full Digital Asset Ecosystem

Mirae Asset, after acquiring a 97.15% stake in crypto exchange Korbit, rebranded it to Digital X. The firm aims to integrate real-world assets, security tokens, stablecoins, and traditional assets into a single investment ecosystem. Rather than competing with Upbit or Bithumb, Mirae Asset seeks to combine its global investment expertise with digital asset infrastructure, promoting sustainable industry growth in Korea.

India Proposes Self-Regulatory Organization Framework for Crypto Supervision

India's Parliamentary Standing Committee on Finance recommended an interim self-regulatory organization (SRO) model to oversee the crypto market. The SRO, under the Reserve Bank of India or SEBI, would enforce conduct standards, audit exchange reserves, mandate client fund segregation, and establish user complaint channels. The committee warned that without clear regulation, millions of retail investors face operational, custody, and fraud risks.

Futu Securities Offers BNB Trading to Hong Kong Professional Investors

Futu Securities International (Hong Kong) became the first licensed brokerage to provide compliant BNB order-book trading for qualified professional investors in Hong Kong. The service expands Futu's virtual asset offerings to 21 tokens, including Bitcoin, Ethereum, and Solana. BNB listing is facilitated by Futu's PantherTrade platform, ensuring SFC-compliant token addition and direct trading integration.

South Korea Tightens Margin Rules on Single-Stock Leveraged ETFs

South Korea's Financial Services Commission advanced the effective date of stricter margin requirements for single-stock leveraged ETFs/ETNs to July 31. Investors must hold at least 30 million won in cash in their accounts to purchase or add to such products. The move comes as the market cap of 16 single-stock leveraged products surged to 11.9 trillion won from 4.4 trillion won since late May.

Former CSRC Vice Chairman Fang Xinghai Under Investigation

Fang Xinghai, former vice chairman of the China Securities Regulatory Commission, is under disciplinary and supervisory investigation by China's top anti-graft agency for suspected serious violations of discipline and law. The probe was announced by state media, adding to the string of enforcement actions against senior financial officials.

Son of Former Wuhan Official Jailed for HK$64 Million Money Laundering via Bitcoin

Xiao Rui, son of a former Wuhan disciplinary official, was sentenced to 6 years and 9 months in Hong Kong for laundering over HK$64 million through underground banks and using false documents to obtain residency. Xiao claimed the funds came from his mother's business and Bitcoin sales, but the court rejected the defense due to lack of transaction records.

OKX Report Highlights Shift in Web3 Attack Vectors

OKX, partnered with Elliptic, SlowMist, and OttoSec, released its H1 2026 Web3 Security Report, noting a shift from smart contract exploits to signing processes, user devices, and AI agents. In H1 2026, OKX's risk control system intercepted over 5.7 million high-risk transactions, including 2.41 million related to hacks, 1.48 million to phishing, and 0.99 million to scams.

India Orders GitHub to Remove Jack Dorsey-Backed Offline Bitcoin App Code

India's cybercrime agency ordered GitHub to remove three code repositories of Bitchat, a decentralized mesh network app for encrypted messaging and Bitcoin transactions. Authorities said the app's lack of central logs hinders lawful interception, and it was used by student protesters during internet shutdowns in Delhi.

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作者:Asia Market Daily

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