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The US core personal consumption expenditures price index matched market expectations in April. The Commerce Department’s Bureau of Economic Analysis said May 28 that the headline PCE price index rose 3.8% in April from a year earlier, the fastest an
VanEck’s tokenized US Treasury fund is now trading on DeFi lending platform Euler. CoinDesk reported on May 28 that VBILL, VanEck’s US Treasury fund issued by tokenization specialist Securitize, has started trading in Euler’s lending market. The list
A report commissioned by South Korea’s National Tax Service said crypto staking rewards should be included in the tax system as the government moves ahead with virtual-asset taxation next year. Maeil Business Newspaper reported on May 28 that the Ind
Strategy, the world’s largest corporate Bitcoin holder, is facing nearly $2 billion in unrealized losses. Data compiled by DESSPIRAL on May 28 showed the company’s unrealized loss on its Bitcoin investment stood at about $1.93 billion. The decline ca
South Korea’s National Pension Service raised its target allocation to domestic equities for 2026 to 20.8%. Yonhap News reported on May 28 that the National Pension Service’s fund management committee approved a mid-term asset allocation plan for 202
Former Financial Services Commission Vice Chairman Doh Kyu-sang will join the board of Dunamu, the operator of Upbit, South Korea’s largest cryptocurrency exchange. Dunamu held an extraordinary shareholders’ meeting in Seoul’s Gangnam district on May
South Korea’s presidential office said discussions on how to share excess profits at large companies should be opened to broader public debate, including through future forums. Kang Yoo-jung, senior presidential spokesperson, made the remarks at a br
Ethereum open interest in the cryptocurrency futures market has climbed to a record high. BlockBeats reported on May 28 that open interest in Ethereum futures has increased for three straight days. The total reached about $32.5 billion, marking a fre
KakaoBank plans to offer a cryptocurrency wallet service through its app. According to industry officials on May 28, KakaoBank has recently started recruiting staff for its stablecoin business. The company said the role would be responsible for plann
Middle East tensions wiped about $80 billion from the cryptocurrency market in a single day. Cointelegraph reported on May 28 that total crypto market capitalization fell by about $80 billion over the previous 24 hours. The outlet said U.S. strikes o
BlackRock’s spot Bitcoin exchange-traded fund saw $527.8 million of net outflows in a single day. The Block reported on May 28 that BlackRock’s spot Bitcoin ETF, IBIT, logged $527.8 million in net outflows on May 27. That was the largest daily net ou
Bok Jin-sol, Research Lead at 4pillars Holds a doctorate in chemical and biological engineering “I was drawn to blockchain’s trustless model” Joined 4pillars after Decipher “Web3 entered mass adoption one to two years ago” “Meeting good people and ha
MoonPay, a crypto payments company, has launched a tokenization platform for banks. CoinDesk reported on May 21 that MoonPay introduced MoonPay Trade, a platform that gives banks and fintech companies access to tokenized assets, decentralized finance
Iran is considering making transit fees for the Strait of Hormuz permanent. Mohammad Amin-Nejad, Iran's ambassador to France, said on May 21 that Tehran is discussing a permanent toll system with Oman to institutionalize control over maritime traffic
Hyperliquid, the token of the global decentralized exchange, climbed to a record high. CoinMarketCap data on May 21 showed HYPE trading in the upper-$59 range at one point, up nearly 16% from a day earlier. The move took it past its previous record o
Blockchain.com is preparing for a US stock market listing. The crypto financial services company recently confidentially submitted an S-1 filing to the US Securities and Exchange Commission for an initial public offering, The Block reported on May 21
Bitcoin fell below $77,000. CoinMarketCap data showed Bitcoin trading at $76,666.15 as of 10:45 p.m. on May 21 in South Korea, down 0.34% from a day earlier. The token was 3.89% lower than a week ago. The kimchi premium turned negative. Cryprice data
JPMorgan said tokenized money market funds are structurally unlikely to overtake stablecoins. CoinDesk reported on May 21 that, in a report published May 20, JPMorgan said tokenized MMFs account for only about 5% of the stablecoin market despite offe
Binance Chief Executive Officer Richard Teng said the next 12 to 18 months will be a critical period for tokenization. In a post on X on May 21, Teng wrote that tokenization is nearing a major inflection point. He added that the next 12 to 18 months
US initial jobless claims came in below market expectations last week. The Labor Department said on May 21 that initial jobless claims totaled 209,000 in the previous week. That was 1,000 below economists’ forecast of 210,000 and down 3,000 from the
The US government plans to invest a total of $2 billion in nine domestic quantum computing companies. The Wall Street Journal reported on May 21 that the Commerce Department plans to provide about $2 billion in subsidies to nine US quantum computing
US spot exchange-traded funds tied to Hyperliquid (HYPE) recorded their largest daily inflow since launch. The Block reported on May 21 that Hyperliquid spot ETFs posted $25.5 million of net inflows on May 20. That was the biggest one-day inflow sinc
IG Group, the UK online investment platform, is partnering with Austria-based cryptocurrency exchange Bitpanda to expand its crypto business in Europe. Citing a May 21 announcement from IG, CoinDesk reported that the company will broaden its cryptocu
Michael Saylor, executive chairman of Strategy, the world's largest corporate Bitcoin holder, said he aims to accelerate growth in the company's STRC preferred stock to fund additional Bitcoin purchases. Saylor said on May 21 that Strategy's goal is
Hyperliquid’s fully diluted valuation has surpassed that of Solana. CoinMarketCap data on May 21 showed Hyperliquid’s fully diluted valuation at $56.33 billion. FDV refers to the maximum market capitalization a token would have if all tokens, includi
Bitcoin traded above $78,000. According to CoinMarketCap, Bitcoin was changing hands at $78,043.68 as of 5:18 p.m. in Korea on May 21, up 1.1% from a day earlier. It was down 2.22% from a week earlier. The kimchi premium remained in negative territor
Binance has launched a derivatives product that allows traders to bet on SpaceX’s valuation ahead of a public listing. CoinDesk reported on May 21 that Binance rolled out Pre-IPO Perpetual Contracts, which let users trade on expected valuations of pr
US House lawmakers have introduced a bill that would require the Treasury Department and the Internal Revenue Service to examine tax relief for small cryptocurrency transactions. Cointelegraph reported on May 20 that the bill was introduced in the Ho
Macquarie Group reduced its holdings of spot cryptocurrency exchange-traded funds, including Bitcoin, in the first quarter. Odaily reported on May 21 that Macquarie disclosed in a recent filing with the US Securities and Exchange Commission that it h
AI Financial, the Nasdaq-listed company that holds World Liberty Financial (WLFI), the crypto project linked to US President Donald Trump’s family, said it should not be viewed simply as a digital asset treasury company. CoinDesk reported on May 20 t