Singapore has once again drawn investors’ attention to Hyperliquid. The Monetary Authority of Singapore has added the platform to the Investor Alert List, which includes services that users might mistakenly believe are licensed or regulated in the country.
The entry lists the Hyper Foundation website and the Hyperliquid trading app. For the platform itself, this is not a ban or a sanction. Such a list serves more as a warning for investors.
Hyperliquid is not the first crypto platform on this list. On June 17, Bybit was added, and among other participants are KuCoin and Bitget.
The Hyperliquid team stated that it has never claimed to have a MAS license. According to the project, its infrastructure remains decentralized, and the platform continues to operate without changes.
Hyperliquid was added to Singapore’s Investor Alert List. Source: Hyperliquid.
Indonesia Targets Crypto Influencers
Promoting cryptocurrencies in Indonesia is about to get harder. The regulator has decided that social media recommendations are no longer enough; authors will now need verified qualifications.
The new rules are set out in Financial Services Authority Regulation No. 6 of 2026. They apply to those who discuss digital assets but do not operate under other licensing rules.
The changes also affect the advertising market. Authorities will only allow the promotion of assets from approved trading platforms. In addition, advertised companies must be licensed, and campaigns will only be conducted through regulated financial organizations.
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Indonesia has become another country tightening control over financial advice online. Similar requirements are already in place in Australia and the United Kingdom, while the Philippines separately regulates the promotion of crypto products.
Bithumb Fined Over User Data
In South Korea crypto exchange Bithumb was fined about $136,000. The reason was violations in handling personal data.
The investigation was conducted by the Personal Information Protection Commission (PIPC). It found that Bithumb transferred user data to foreign crypto platforms without separate client consent. This occurred during order book sharing and the transfer of digital assets between exchanges.
From September to November 2025, Bithumb shared its order book for Tether (USDT) with BingX. However, user consent only covered the transfer of data to Stellar, not BingX. In addition, client information was sent to 13 other foreign crypto exchanges.
SBI Acquires Bitbank
Japanese financial group SBI Holdings has agreed to acquire crypto exchange Bitbank. The deal is valued at 46.7 billion yen, about $289 million. SBI first announced plans to acquire the platform back in May.
The deal is expected to close around October, pending all necessary regulatory approvals.
For SBI the acquisition of Bitbank could be a way to strengthen its position in Japan’s regulated crypto market. The group will gain more clients and another platform to develop stablecoins, tokenized assets, and on-chain products.
According to CoinGecko, in recent months, Bitbank’s daily trading volume has mostly remained below $50 million. The main activity was in the BTC/JPY pair, accounting for 39.5% of trades. XRP/JPY and ETH/JPY each accounted for 19.7%.
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At SBI they expect that after merging Bitbank with SBI VC Trade, the group will hold client assets totaling about 1.1 trillion yen and serve around 2.92 million crypto accounts. By these metrics, it could become Japan’s largest crypto exchange.
Chainlink Tests Stablecoins for FX Settlements
Chainlink has joined Project Pangea, where banks from Europe and South Korea are exploring the use of stablecoins for foreign exchange settlements.
The initiative involves FairSquareLab, Unified Korea Alliance (UniKA), and Qivalis. FairSquareLab focuses on digital asset infrastructure. UniKA brings together more than ten South Korean commercial banks. Qivalis represents a euro stablecoin consortium supported by 37 European banks.
Project Pangea will test direct exchange of stablecoins pegged to the euro and South Korean won. The plan is to use Chainlink’s data infrastructure and FairSquareLab’s on-chain technology for settlements.
For banks, this is not about ordinary retail payments. They are interested in large-scale settlements between financial institutions. The market is huge: according to the Bank for International Settlements, about $9.6 trillion flows through the global FX market every day.
South Korea Prepares Capital Market Reform
South Korea is bundling tokenized securities into a broader package of financial market reforms. This will also include faster settlement of transactions, possible extension of trading hours, and greater use of artificial intelligence.
The Financial Services Commission (FSC) on Tuesday announced a meeting to review capital market infrastructure. Authorities want to coordinate changes with government agencies and market participants.
Tokenized securities will first be discussed separately through a public-private council. After that, they will be included in the overall reform program.
By October, a roadmap is expected for shortening the securities settlement cycle. In addition, by the end of 2026, Korea Securities Depository (KSD) must prepare a system for over-the-counter trades of shares in private companies and fractional investment products.
Circle and Nomura Prepare Fast Settlements in Japan
Circle and Japan’s largest investment bank Nomura, according to media reports, are working on an instant FX settlement service for Japanese companies. The launch could happen as soon as 2027.
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The idea is to let businesses quickly exchange yen for dollar stablecoins for international operations. This should eliminate delays caused by banking schedules and time zone differences, writes Nikkei.
If the project launches, Japanese companies will have another way to make cross-border B2B payments faster than through traditional banking channels.
Australia Gives Crypto Firms More Time
The Australian Securities and Investments Commission (ASIC) has extended the application deadline for companies working with digital assets. Documents can now be submitted until September 30.
This applies to businesses that need an Australian Financial Services (AFS) license, as well as companies that may require permits for market operations, clearing, or settlements.
After the rules were updated in October 2025, ASIC received about 30 applications. At that time, the regulator clarified that many crypto products are considered financial products under the law, so working with them requires an AFSL license.
ASIC also reminded the public about its court victory against BlockEarner. According to the regulator, this decision once again showed that crypto companies must comply with existing financial rules.
