Uk Jin

Singapore Charges Former Hodlnaut CEO With Fraud Over Terra Collapse Claims

Singapore authorities have charged Zhu Juntao, the former chief executive officer of bankrupt crypto lender Hodlnaut, with fraud. Singapore police said on May 27 that Zhu was charged with six counts of fraud by false representation, according to Coin

Bitwise Launches Canton Network-Tracking ETP on Deutsche Boerse Xetra

Bitwise, a crypto-focused asset manager, is launching a European exchange-traded product that tracks the native token of Canton Network, an institutional blockchain platform. The company listed the Bitwise Canton ETP on Deutsche Boerse Xetra in Germa

Stake DAO Hit by Hack, 5.4 Trillion vsdCRV Tokens Minted Without Authorization

DeFi platform Stake DAO has suffered a hack involving its derivative token, vsdCRV. The attacker minted tokens on the Arbitrum network on a multi-trillion scale and is swapping them for Ether. The Block reported on May 27 that multiple blockchain sec

SoFi Launches SoFiUSD Stablecoin on Its App

SoFi has begun offering its dollar-pegged stablecoin, SoFiUSD, to users of its banking app. The Block reported on May 27 that the U.S. fintech company launched SoFiUSD on the Ethereum and Solana networks. The app supports buying, selling, holding and

Bitcoin Drops to 13th in Global Asset Rankings as Money Moves to AI, Chips and Commodities

Bitcoin, the largest cryptocurrency, has extended its weak performance this year, slipping to 13th place in the global asset rankings by market capitalization. CoinDesk reported on May 27 that Bitcoin fell to around $76,000, reducing its market value

Analysis: Altcoin Trading Volume Keeps Rising Amid Quiet Accumulation

Some investors continue to accumulate altcoins even as the broader cryptocurrency market remains sluggish, according to an analysis. On May 27, CryptoQuant analyst CW8900 wrote that the crypto market has stalled as trading volume declines and investo

Hyperscale Data Buys 7.68 Bitcoin, Bringing Holdings Close to 700

Hyperscale Data, a U.S.-listed company, has increased its Bitcoin holdings. BitcoinTreasuries.net reported on May 27 that the company bought an additional 7.68 Bitcoin, bringing its total holdings to 699.68 BTC. The purchase lifted Hyperscale Data to

China’s Top Court to Study New Standards as Crypto-Related Cases Rise

China’s Supreme People’s Court said it will intensify research into new judicial standards as cases involving virtual assets, or cryptocurrencies, increase. The Block reported on May 27 that Liu Guixiang, a member of the court’s Judicial Committee, m

a16z Says Ethereum Still Controls More Than Half of Tokenized Asset Market

Ethereum (ETH) still holds the largest share of the tokenized asset market, according to an analysis from a16z Crypto. In a recent post on X on May 27, a16z Crypto said tokenized assets on Ethereum totaled $15.7 billion, giving the blockchain more th

Crypto Crime Tactics Grow More Sophisticated as New Data-Theft Methods Emerge

Malicious attack methods in the cryptocurrency industry are becoming increasingly sophisticated, Cointelegraph reported on May 27. In a recent interview, Mailiha Ma, deputy general counsel at 1inch Labs, said bad actors in the crypto industry are con

Hanwha Investment & Securities Revamps Mobile Trading App, Expands Digital-Asset Information Services

Hanwha Investment & Securities said Wednesday it revamped its mobile trading system to expand digital-asset information services. The company overhauled the app’s user interface and user experience, building an integrated investment environment that

South Korean Prosecutors Indict Five in Meme-Coin False Disclosure, Rug-Pull Case

South Korean prosecutors indicted a group accused of inflating a meme coin through false disclosures and social-media promotion before cashing out. The case is the first to apply the fraudulent unfair-trading provisions of the country's Virtual Asset

UK Sanctions Crypto Exchanges, Payment Networks Linked to Russia

The UK government has sanctioned multiple cryptocurrency exchanges and digital payment networks over allegations that they helped finance Russia’s war effort. Finance Feeds reported on May 27 that the Foreign, Commonwealth & Development Office design

Chiliz Says Partner Clubs Win Major European Titles, Boosting Fan-Token Activity

Chiliz, the blockchain-based sports and entertainment project, said on May 26 that several of its partner football clubs won major European league and cup titles during the 2025-2026 season. In the English Premier League, Arsenal won the league title

Squid Raises $6 Million in Funding Round With Ripple Participation

Squid, a cross-chain infrastructure company, said May 26 that it raised $6 million in a funding round led by North Island Ventures. The round included Ripple, Dialectic, Borderless, Synechron Capital, Altos and Arche Capital. Representatives from Axe

Weekly Economic, Crypto Calendar: US April Core PCE in Focus

Next Week's Key Economic Events ▶︎May 25 (Monday): △ US markets closed for Memorial Day △ South Korean markets closed for Buddha's Birthday ▶︎May 26 (Tuesday): △ US May Conference Board consumer confidence index (11 p.m. Korea time, 10 a.m.) ▶︎May 27

Rubio Says Iran Talks Making Progress, More Announcement Expected Within Hours

France Sees Surge in Violent Crypto Crimes, With 41 Cases This Year

Kidnappings and extortion targeting wealthy cryptocurrency holders are rising sharply in France, according to an industry analysis. The industry has cited the risk of leaks of centralized know-your-customer, or KYC, data as a key driver. Wu Blockchai

StablR Hack Triggers EURR, USDR Depegging

Stablecoin issuer StablR suffered a hack that sent the prices of its stablecoins away from their fiat pegs. Cointelegraph reported on May 24 that blockchain security firm Blockaid detected an ongoing exploit involving StablR’s issuance system. Losses

Arthur Hayes Says Michael Saylor Isn’t There to Protect Bitcoin Investors

Retail investors should not lean too heavily on Strategy’s Bitcoin purchases, Arthur Hayes said. In an interview cited by Cryptopolitan on May 24, the BitMEX co-founder said Michael Saylor, Strategy’s executive chairman, is there to protect the compa

US-Iran Draft MOU Includes Reopening Hormuz, Allowing Iranian Oil Exports: Axios

The US and Iran are drafting a memorandum of understanding to extend a 60-day ceasefire, and the proposal includes reopening the Strait of Hormuz and allowing Iranian oil exports, Axios reported. Axios, citing a senior US official familiar with the m

Hyperliquid Jumps 50% in a Week as Tokenomics, Not ETFs, Fuel Rally

Hyperliquid’s native token, HYPE, has surged in recent days, with investors pointing to several factors behind the rally. Some cite the recent launch of exchange-traded funds tied to the token as a catalyst. Others argue the bigger driver is the prot

Binance to Require More Identity Details for Australian Crypto Transfers

Binance will require Australian users to provide additional identity information for cryptocurrency deposits and withdrawals as it tightens compliance with local regulations. In a notice published May 24, Binance said it plans to gradually change cry

Russia Requires Crypto Miners to Report ASIC Machine IP Addresses

Russia has required cryptocurrency miners and mining infrastructure operators to submit the IP addresses of their ASIC mining machines, a move aimed at improving digital-asset transaction tracking, curbing illegal mining and strengthening power-grid

Aave to Focus on Strengthening Revenue Model Over Next 12 Months

Aave, a decentralized finance protocol, said it plans to strengthen its revenue model. Stani Kulechov, the project's founder, wrote on X on May 24 that "sustainable and consistent revenue proves DeFi can evolve beyond simple token speculation into a

Crypto Fear & Greed Index Drops 3 Points to Extreme Fear

A gauge of investor sentiment in the cryptocurrency market has fallen into extreme fear after the US and Iran failed to reach an agreement, damping risk appetite. Alternative said on May 24 the Crypto Fear & Greed Index fell 3 points from the previou

Iran Foreign Ministry Says It Is Focused on Final Coordination of Memorandum of Understanding With US

CLARITY Act Could Expand Service-Based Revenue Models in Crypto

Debate over the CLARITY Act is intensifying in the US Congress, and passage of the bill could reshape how the crypto industry generates returns, CoinDesk reported on May 23. Joe Bolono, chief commercial officer at STBL, told CoinDesk the industry has

Trump Pauses Additional Iran Strikes, Gives Diplomacy More Time: WSJ

President Donald Trump is holding off on any immediate decision on additional military action against Iran to give diplomatic efforts more time, the Wall Street Journal reported on May 23, citing multiple people familiar with the matter. Trump met wi

Man Accused of Orchestrating France Crypto Kidnappings Sentenced to 25 Years

A man identified as the organizer behind a string of kidnappings targeting figures in France’s cryptocurrency industry has been sentenced to 25 years in prison. Cryptopolitan, citing local outlets and French media, reported on May 23 that Morocco’s T