《Capital Whales Swallow Crypto: Why is Naver Taking Over Upbit?》 (Author: Deep Tide TechFlow) Naver plans to acquire Upbit's parent company, Dunamu, through a share swap, allowing South Korea's largest internet company to control the country's biggest crypto exchange. The deal is valued at approximately $6 billion, making it the largest merger and acquisition in South Korea's crypto history. Naver, which already operates in search, payments (Naver Pay), securities, and stablecoin businesses, will use this acquisition to complete its financial ecosystem, forming a comprehensive system from fiat to crypto assets. South Korea's crypto market is increasingly dominated by conglomerates, with giants like Kakao, Samsung, and KB Financial already making moves. The crypto industry is transitioning from grassroots entrepreneurship to an era of "capital consolidation," entering what is being called the "crypto chaebolization" phase. Read the full article: https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=47&id=50476