Asia's weekly TOP10 crypto news (May 19 to May 25)

May 25, 2025

1. Bybit Announces Support for Users to Trade Global — Leading Enterprises’ Stock Assets Directly with USDT link

Bybit has announced that it supports users to directly trade the stock assets of global leading — enterprises with USDT. This new function is a strategic expansion of the Bybit Gold & FX (MT5) product matrix, covering 78 high — quality stock assets that receive the most global attention, including leading enterprises in the technology, automotive, energy, e — commerce and other sectors. Users can use USDT to access traditional asset markets, including stocks, gold, crude oil, indices and foreign exchange, through the Bybit platform.

2. India’s Supreme Court: A Total Ban on Cryptocurrencies Is Unrealistic, and the Government Should Introduce Regulatory Measures as Soon as Possible link

The Supreme Court of India questioned the central government’s long — term lack of regulation of cryptocurrencies on Monday, stating that the lack of a clear legal framework has provided a hotbed for “abuse”. The court emphasized that a total ban on cryptocurrencies is not practical, and the government should introduce regulatory measures as soon as possible. Previously, the Supreme Court had required the government to clarify its virtual currency policy two years ago. The court said that the government’s long — term inaction on this issue is equivalent to “turning a blind eye”.

3. Pakistan Establishes Digital Asset Management Authority, Responsible for Regulating Bitcoin and Digital Assets link

The Ministry of Finance of Pakistan has announced the establishment of a specialized regulatory agency, the Pakistan Digital Asset Authority (PDAA). PDAA will be responsible for the unified regulation of exchanges, custodian institutions, wallets, stable — coins, DeFi applications, etc. Officially, PDAA will also promote asset tokenization, compliant Bitcoin mining, and the construction of digital export channels, providing legal clarity for local and international investors.

4. South Korea’s Financial Services Commission Announces Strengthening of Cryptocurrency KYC and AML Regulation link

The Financial Services Commission (FSC) of South Korea has announced that, starting from June 2025, non-profit organizations will be permitted to sell cryptocurrency acquired through donations, and exchanges will be allowed to liquidate crypto assets from user fees. To mitigate money laundering risks, the FSC requires exchanges and banks to strengthen KYC (Know Your Customer) reviews of the source of funds and transaction purposes for new institutional clients, and will monitor money laundering activities by institutions and their CEOs. The Korean Bankers Association and DAXA will issue relevant guidelines within this month. The FSC also plans to allow listed companies and professional investors to trade on exchanges in the second half of the year, while enhancing AML (Anti-Money Laundering) regulations.

5. China’s Cyberspace Administration Rectifies Online Financial Information Chaos, Cracks Down on Some Accounts Speculating in Virtual Currency Transactions link

China’s Cyberspace Administration, together with financial regulatory authorities, has lawfully investigated and addressed a number of illegal accounts and websites engaged in spreading false information about the capital market, illegal stock recommendation, and hyping virtual currency trading. Some typical cases include:

Accounts such as “Aigupiao APP” and “Captain Jack’s Macro Strategy” published false capital market information and regulatory rumors.

Accounts like “Kange Talks Finance” were involved in illegal stock recommendation.

Multiple social media accounts including “Huoge Talks Crypto” and “Finance — Xu Yanwen” induced users to participate in virtual currency trading through group chat screenshots and profit displays. Platforms such as PKEX, WEEX, and HTX provided download or indirect trading services for overseas exchanges.

Accounts like “Xiaobeiyou” spread financial black and gray market information.

Relevant accounts and websites have been shut down in accordance with the law.

6. Survey: 94% of Singaporean Respondents Have Knowledge of Cryptocurrencies, but the Holding Rate Has Declined from 40% to 29% link

According to Lianhe Zaobao, the latest survey report by the cryptocurrency exchange Independent Reserve shows that the awareness rate of cryptocurrency among Singaporean people has risen to 94%, reaching a historical high, but the actual holding rate has dropped from 40% last year to 29%. The survey shows that Bitcoin remains the most popular cryptocurrency asset, with 68% of cryptocurrency investors holding Bitcoin, and 86% of them believing that it has monetary attributes or investment value. In terms of investment methods, 61% of investors prefer to directly hold cryptocurrencies rather than invest through exchange — traded funds (ETFs). The survey was conducted in February this year and covered 1,500 respondents.

7. Metaplanet Increases Bitcoin Holdings by 1,004, with a Total Holding of 7,800 link

Japanese — listed company Metaplanet announced in a public notice that it had purchased an additional 1,004 bitcoins, with a total amount of 15.195 billion yen (approximately $105 million). As of now, Metaplanet holds a total of 7,800 bitcoins.

8. Indonesian Fin — tech Company DigiAsia Announces a $100 — Million Bitcoin Investment Plan link

Indonesian fintech company DigiAsia (NASDAQ: FAAS) has announced a plan to raise $100 million for bitcoin purchases, and will use up to 50% of its future net profits to continuously increase its bitcoin holdings. DigiAsia said it is discussing with regulated partners about earning yields on its bitcoin holdings through means such as lending and staking, and is considering issuing convertible notes or crypto — financial instruments related to its bitcoin holdings.

9. HashKey Exchange’s OTC Trading Surges 400% Year — on — Year in Q1, Reaching a Record High link

Hong Kong — licensed exchange HashKey Exchange released data showing that its over — the — counter (OTC) block trading (OPT) business has achieved explosive growth recently. The trading volume in the first quarter soared by more than 400% compared with the same period last year, reaching a record high. The trading volume in March increased by 28 times compared with the same period in 2024, and the daily trading volume exceeded the $100 million mark. It has now become one of the fastest — growing core business segments of HashKey Exchange.

10. Liu Peng, CEO of JD Coin Chain Technology, Talks about the Current Situation of JD Stablecoin link

Liu Peng, CEO of JD Coinchain Technology, said in an interview with Techub that JD Stablecoin is a stablecoin based on a public — chain and pegged 1:1 to legal tender such as the Hong Kong dollar (HKD) or the US dollar (USD). It has now entered the second — stage of the sandbox testing. It will provide mobile — end and PC — end application products for retail and institutional users. The testing scenarios mainly include cross — border payments, investment transactions, retail payments, etc. It is cooperating with leading compliant exchanges. In the retail payment scenario, it is conducting docking and testing with the acquiring scenarios such as JD’s Hong Kong and Macau stations.

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