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Blockhead
Digital assets & Web3 focused media covering industry developments in Asia
Bitget Agrees to Buy GMO's Loss-Making Thai Exchange as Japanese Group Exits Thailand
The undisclosed-price deal gives Bitget a Thai licence through a vehicle incorporated two days before GMO approved the sale, and lands less than a month after the exchange lost about $387.5 million in a hot wallet breach.

US Exchanges Are Still Sending Funds to Sanctioned Iranian Exchanges
US exchanges appear to be transacting directly with OFAC-sanctioned Iranian exchanges months after the sanctions were imposed. This is a problem. Maybe not today, maybe not tomorrow but some day and from then on.Public blockchain data appears to show Coinbase, Kraken and Robinhood routinely sending funds directly to

Bitcoin’s Nasdaq Re-Coupling Is a Trap Until the Dollar Breaks
Bitcoin’s brief decoupling from tech stocks has failed, leaving it exposed to Nasdaq volatility, concentrated ETF flows and a macro calendar packed with potential catalysts. With midterms and Fed policy looming, the digital gold thesis is looking increasingly like a bet on AI earnings and liquidity.




