This Week In Asian Crypto Scene: Metaplanet Introduces New US Subsidiary, CoinDCX Suffers Data Breach
The digital currency scene in Asia is consistently changing. This week, noteworthy advancements took place in the region, featuring substantial financial investments, international growth, as well as increasing worries regarding digital currency exposure and a significant security incident.
These changes indicate growing institutional trust alongside ongoing weaknesses.
Hong Kong’s OSL Group Secures $300M Equity Amid Optimistic Asian Crypto Environment
Hong Kong’s OSL Group has sparked considerable excitement in the Asian crypto arena, securing $300 million through an equity financing round, which marks the largest publicly announced crypto capital acquisition the region has experienced thus far.
In an article released by Reuters on 25 July 2025, the company indicated that the acquired funds will support its international growth pursuits, including the establishment of a stablecoin framework, obtaining licenses in new markets, and creating a compliant digital ecosystem.
Ivan Wong, CFO of OSL Group, remarked, “The funding will expedite our global development, especially with regulated stablecoin systems and compliant payment infrastructures.”
Asia’s OSL Group raises $300M
The region’s largest crypto equity round to extend operations globally, develop stablecoin/payment infrastructure & enhance growth.
The competition for stablecoins in Hong Kong intensifies with over 50 license applicants.
#CryptoAsia #Stablecoins #Web3 #HKMA #CryptoNews https://t.co/bMaKr3h1H0 pic.twitter.com/Pbb4bFMD0j
— Adaminssane.ink AA ⌘
(@Adaminssane) July 25, 2025
OSL Group has been rapidly growing, currently holding a license in Australia with additional acquisitions in Japan and Europe. The firm is also notably invested in the tokenization of real-world assets (RWA).
This capital raise by OSL Group comes on the heels of warnings from the Hong Kong Monetary Authority (HKMA), which cautioned against “overzealous enthusiasm” surrounding stablecoins.
Explore: Top Solana Meme Coins to Buy in July 2025
Indian Crypto Protocol CoinDCX Exploit Results in Major Security Breach
On 19 July 2025, hackers infiltrated CoinDCX, a well-known Indian crypto trading network, targeting one of its internal operational accounts, which culminated in a wrecked of roughly $44 million.
However, the company reassured its clients, stating that their assets remain entirely secure, as the breached account was exclusively utilized for liquidity functions on a partner exchange, without storing customer funds. CoinDCX’s Co-founder, Sumit Gupta, emphasized that the company’s strong treasury reserves will cover these losses.
The $44 million CoinDCX breach has highlighted severe vulnerabilities within India’s swiftly growing crypto landscape. Beyond a mere security failure at a single exchange, the incident unveils systemic weaknesses in… pic.twitter.com/ipLf5hobG1
— CrowdFundJunction (Crypto VC) (@cfjcrypto) July 25, 2025
The exchange is currently working with international cybersecurity experts to investigate the breach, seal vulnerabilities, and trace the misappropriated funds. Additionally, the company intends to initiate a bug bounty scheme, inviting ethical hackers to identify system vulnerabilities.
Cybersecurity firm Cyvers, in its report, highlighted that the theft transpired in less than 5 minutes and involved seven rapid transactions, demonstrating the hacker’s cross-chain expertise in exploiting operational wallets on the Solana distributed record. It indicated that the theft was reminiscent of the WazirX breach from the previous year and has linked this incident to the notorious North Korean Lazarus Group.
According to an article printed by a local announcement outlet, Gupta stated, “This situation is more than just an internal issue. It serves as a reminder of the evolving threats that crypto platforms face globally.”
Explore: The 12+ Hottest Crypto Presales to Buy Right Now
South Korea Encourages Domestic Asset Managers To Decrease ETF Exposure To Coinbase, Strategy
South Korea’s Financial Supervisory Service (FSS) has urged asset managers within the country to minimize their investments in foreign crypto stocks such as Coinbase and Strategy. It reminded these managers that the 2017 guidelines on virtual currencies remain active and must be adhered to strictly.
An official from the FSS was cited by a local publication on 23 July 2025, stating, “Recently, we’ve seen a trend of deregulation related to virtual assets in both the U.S. and Korea, but specific laws or guidelines have yet to be established.”
South Korea’s Financial Supervisory Service has provided verbal instructions to asset managers:
Limit investments in crypto-related stocks like @coinbase & Strategy in ETFs.
Emergency crypto guidelines from 2017 are still in effect.#SouthKorea #CryptoRegulation #ETFs #Coinbase pic.twitter.com/UTzRBjvHsh
— The Coin Republic (@TCR_news_) July 23, 2025
The report indicates that the FSS issued its guidance due to the fact that many South Korean domestic ETFs held over 10% of their portfolios in stocks related to virtual assets.
For example, the KoACT US Nasdaq Growth Company Active ETF includes 7.44% in Coinbase and 6.04% in Strategy, cumulatively amounting to 13.48% in investments tied to virtual assets.
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Asian Crypto Colossus Metaplanet Launches New Holding Subsidiary In US
Metaplanet has opted to enhance its U.S. operations and bolster its position in BTC treasury management by creating a new wholly owned subsidiary, Metaplanet Holdings Inc., located in Florida.
According to its press release dated 25 July 2025, Metaplanet Holdings Inc. will acquire all shares of Metaplanet Treasury Corp., enhancing risk oversight and strategic options.
Metaplanet announced today the creation of a new wholly-owned subsidiary to operate between Metaplanet, Inc. (Japanese parent firm) and Metaplanet Treasury Corp. (current U.S. subsidiary). Here’s the significance!
— Compliant Degen (@CompliantDegen) July 25, 2025
Moreover, the company is also intent on setting up an additional subsidiary specifically for derivatives-related activities. Through this initiative, Metaplanet aims to fulfill its broader goals of revenue generation and risk management.
Explore: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025
Key Insights
- Hong Kong’s OSL Group secured $300 million to advance expansion plans, stablecoin development, licensing, and launching a compliant digital framework
- CoinDCX’s internal account was hacked, yet clients’ funds are secure
- Metaplanet initiated a new holdings company to oversee U.S. operations that falls between the parent company and Metaplanet Treasury Corp
The post This Week In Asian Crypto Landscape: Metaplanet Launches New US Subsidiary, CoinDCX Gets Hacked appeared first on 99Bitcoins.
