Asia & EMEA crypto markets: Lazarus linked to $292M Kelp DAO hack; Strategy adds 34,164 BTC; ETFs see fresh inflows

A roundup of key crypto headlines from the Asia and EMEA trading sessions: LayerZero said North Korean hacking group Lazarus is likely behind the $292 million Kelp DAO exploit. Strategy bought another 34,164 BTC for about $2.54 billion, marking its largest weekly purchase since November 2024. Polymarket is in discussions to raise $400 million at a $15 billion valuation, The Information reported. Singapore-based crypto custody and wallet provider Cobo introduced Cobo Agentic Wallet, targeting rising demand for AI agent-managed wallets. Coinbase is testing AI agents inside internal communication channels, allowing employees to consult them as virtual leaders and strategic planning tools. U.S. spot bitcoin ETFs posted their biggest weekly net inflows since mid-January, totaling $996.4 million. Globally, crypto ETPs recorded $1.4 billion in net inflows last week, extending a three-week streak of positive flows. Coinbase expanded its crypto-backed lending product to the UK. Users can borrow up to $5 million in USDC against bitcoin, ether, and cbETH. The BIS said stablecoins behave more like ETFs than money and warned that the absence of global rules could lead to fragmentation. Analysts said bitcoin is holding a "fragile equilibrium" near $75,000, with ETF demand supporting the market despite tensions around Hormuz. UK upstream oil and gas investor Reabold Resources pushed back on a Sunday Telegraph report claiming its large Yorkshire gas field would be used for bitcoin mining "instead of boosting British energy."