Uk Jin

Darwin KS Begins Court Fight With FIU Over Virtual-Asset Service Status

Darwin KS, which operates a virtual-asset exchange service for foreign nationals, has begun a legal fight with South Korea’s Financial Intelligence Unit. The central issue is whether the service qualifies as a virtual asset service provider, or VASP,

Spot Ether ETFs See $32.6 Million in Net Outflows, Extending Streak to Nine Sessions

Spot Ether exchange-traded funds extended their run of net outflows. Farside Investors data showed that spot Ether ETFs recorded $32.6 million in net outflows on May 21. BlackRock's ETHA posted $38 million in net outflows. ETHB and Bitwise's ETHW saw

SEC’s Peirce Says Scope for Tokenized Stocks May Be Limited

The scope of stock tokenization allowed under a forthcoming U.S. Securities and Exchange Commission “innovation exemption” framework may be narrower than previously expected. Cointelegraph reported on May 22 that SEC Commissioner Hester Peirce wrote

Circle Rallies 124% From February Low, Defying Crypto Market Malaise

Circle gains about 120% in three months Outpaces a crypto market stuck in a narrow range Higher-rate, regulatory tailwinds may support further upside Circle, the issuer of the fiat-backed stablecoin USDC, has posted a sharp stock rally over the past

Illegal Crypto Proxy Payment Services Spread on Telegram as Regulators Squeeze Licensed Firms

So-called crypto proxy payment services, in which users send virtual assets and an operator pays for goods or services on their behalf, are spreading unchecked on Telegram. Dozens of channels promoting the service are active on the platform. Industry

CROSS Signs Validator MOU With CertiK Ahead of Mainnet 2.0 Upgrade

CROSS Protocol said May 21 that it signed a memorandum of understanding with global blockchain security firm CertiK for validator cooperation. Under the agreement, CertiK will join CROSS Protocol as an independent validator node operator. Validators

Wemade Signs MOU With NICE Information & Telecommunication on Web3 Payment Infrastructure

Wemade said on May 20 that it signed a memorandum of understanding with NICE Information & Telecommunication to develop Web3 payment infrastructure. The agreement calls for joint research and proof-of-concept testing to link blockchain-based digital

Binance Academy Releases Guide to Crypto Scam Tactics, Prevention

Binance said May 20 that its educational platform, Binance Academy, has released a guide detailing the types of cryptocurrency-related crimes that have been increasing and how users can respond. Binance Academy said crypto has become a major target f

Bithumb Holds Second Employee Blood Donation Drive This Year

Bithumb said on May 20 that it held an employee blood donation drive and blood donation certificate donation event with the Seoul Southern Blood Center of the Korean Red Cross on May 18 in front of the main gate of its headquarters in Seoul's Gangnam

KelpDAO Hack Highlights DeFi Dilemma Over Complex Infrastructure

The complex infrastructure underpinning decentralized finance, or DeFi, is emerging as a source of security risk. CoinDesk reported on May 16 that industry participants see the KelpDAO hack not as a simple coding flaw, but as a failure rooted in a co

Italy’s Intesa Sanpaolo Expands Crypto Investments in Bitcoin, Ether and XRP

Intesa Sanpaolo, Italy’s largest bank, sharply increased its investments in products tied to Bitcoin (BTC), Ether (ETH) and XRP in the first quarter. On May 16, Wu Blockchain, citing data from Criptovaluta, reported that Intesa Sanpaolo’s crypto-rela

Strategy Formally Flags Possible Bitcoin Sales for Debt Buyback, Dividends

Strategy, the world’s largest corporate holder of Bitcoin, has formally flagged the possibility of selling some of its holdings to help fund dividend payments and a debt repurchase. Some analysts say a large-scale sale by the company could send Bitco

Bitcoin Falls Below $78,000

THORChain Confirms $10 Million Hack, Opens Recovery Portal

THORChain (RUNE) has confirmed a hack that caused about $10 million in losses and has begun compensating affected users. The THORChain Foundation said on May 16 via its official social media account that it had opened a recovery portal for users affe

SharpLink CEO Says Ethereum Needs Three Catalysts to Keep Rebounding

Joseph Chalom, CEO of Ethereum treasury company SharpLink Gaming, outlined three catalysts he sees as necessary for Ethereum to extend its rebound. In an interview cited by Cointelegraph on May 16, Chalom said the key drivers are passage of the CLARI

Cardano Founder Says Odds of Commercial Quantum Computers by 2033 Exceed 50%

Cardano founder Charles Hoskinson said advances in quantum computing could threaten blockchain security and that the industry needs to prepare. Hoskinson said during a Consensus 2026 panel discussion that he sees more than a 50% chance of a fully com

Trump May Decide on Iran Military Action Within 24 Hours, Israel’s Channel 12 Reports

U.S. President Donald Trump may soon decide whether to launch military action against Iran, according to an Israeli media report. The Israeli government is preparing for the possibility of an armed conflict. Israel’s Channel 12 reported on May 16, ci

Bitdeer Mines 198.3 Bitcoin This Week, Sells Entire Output

Bitdeer Technologies Group disclosed its Bitcoin mining output for the week. In a post on X on May 16, the company said it mined 198.3 Bitcoin this week. Bitdeer sold all of the Bitcoin it mined, keeping its total Bitcoin holdings at zero.

a16z Says CLARITY Act Could Mark Turning Point for US Blockchain Industry

The U.S. Senate Banking Committee has passed the CLARITY Act, a bill aimed at establishing a basic regulatory framework for digital assets in the US, in a move that could become a key institutional turning point for the country’s blockchain industry.

Bitcoin Falls Below $80,000 as Rate-Hike Odds Top 50%

Bitcoin fell below the $80,000 level during trading. As of 10:29 p.m. on May 15 in Korea, Bitcoin was trading at $79,564, down 0.88% from a day earlier, according to CoinMarketCap. The decline came as worsening sentiment coincided with rising odds of

DogeOS Founder Says Dogecoin Is Moving Beyond Musk Dependence as Ecosystem Grows

Dogecoin is shedding its dependence on Tesla Chief Executive Officer Elon Musk and entering a new phase of independent ecosystem growth, DogeOS founder and Chief Executive Officer Jordan Jefferson said. In an interview with The Block published on May

CME, NYSE Urge US Regulators to Tighten Oversight of Hyperliquid Over Manipulation, Sanctions Risks

Traditional US financial firms are calling for tighter regulation of Hyperliquid (HYPE). Unfolded reported on May 15, citing Bloomberg, that CME Group and the New York Stock Exchange had asked US authorities to strengthen oversight of Hyperliquid. Th

Strategy to Repurchase $1.5 Billion of 2029 Convertible Notes Using Bitcoin Sale Proceeds

Strategy, the world's largest corporate holder of Bitcoin, plans to repurchase about $1.5 billion of its 2029 convertible notes. In an 8-K filed with the US Securities and Exchange Commission on May 15, the company said it had agreed with certain inv

Iris Jumps 37% on Upbit Listing News

Iris (IRYS) jumped in intraday trading. As of 8:50 p.m. on May 15, Iris was trading at 141 won on Upbit, up 36.89% from the previous day. Investor sentiment strengthened after news of its listing on Upbit.

IREN Completes $3 Billion Convertible Note Sale to Expand AI Infrastructure

Bitcoin miner IREN has completed a $3 billion convertible note offering, stepping up its expansion into artificial intelligence infrastructure. The Block reported on May 15 that IREN raised about $2.96 billion in net proceeds from the sale of 1.00% c

Bitcoin Funding Rates Stay Negative for Three Months, Historically a Bullish Signal

Bitcoin funding rates in the futures market have stayed in negative territory for more than three months. Funding rates are periodic payments in perpetual futures contracts designed to keep long and short positions in balance. When the rate stays neg

Iran Foreign Minister Says US Sent Message Seeking Continued Talks

THORChain Halts Trading on Suspected $10 Million Exploit

THORChain has urgently halted trading amid suspicions that it was hit by an exploit totaling about $10 million. The Block reported on May 15 that blockchain investigator ZachXBT and security firm PeckShield detected signs of simultaneous exploits acr

Iran Says Ships From Countries Not at War With It Can Transit Strait of Hormuz

Iranian Foreign Minister Abbas Araghchi said on May 15 that ships from any country not at war with Iran can pass through the Strait of Hormuz, according to Walter Bloomberg. Araghchi said the situation around the Strait of Hormuz is very complicated

Polish Parliament Passes Bill to Implement EU’s MiCA Crypto Rules

Poland’s parliament has passed a bill to implement the European Union’s Markets in Crypto-Assets, or MiCA, framework, as pressure for tighter oversight grows amid a major fraud investigation tied to local crypto exchange Zondacrypto. Reuters reported