Uk Jin

Bio Protocol Jumps 53.85% in Intraday Trading

Bio Protocol, a decentralized science, or DeSci, project, jumped in intraday trading. As of 11:20 p.m. on May 2, Bio Protocol was trading at 91.9 won on Upbit, up 53.85% from the previous day.

KelpDAO Hack Seen as Growing Pain in DeFi’s Path to Mainstream Finance

A major hack at KelpDAO last month dealt a heavy blow to the cryptocurrency market. Even so, some in the industry say the breach should be viewed as part of DeFi’s path into mainstream finance. KelpDAO was hit last month after 116,500 rsETH, its rest

Bitcoin Chart Flashes Sell Signal, With $67,500 Support in Focus

A corrective signal has emerged on Bitcoin’s chart, crypto analyst Ali Martinez wrote. In a post on X on May 2, Martinez said a sell signal pointing to a trend reversal had appeared on Bitcoin’s three-day chart. He described it as the first major bea

Pi Network to Upgrade to Protocol 23 by May 15, Introduce Smart Contracts

Pi Network will upgrade its mainnet by May 15, a move that is set to formally introduce smart contract functionality. Crypto outlet BeInCrypto reported on May 2 that the Pi Network core team had announced Protocol 23 shortly after successfully comple

OPEC+ Seven Agree in Principle to Raise June Oil Output by 188,000 Barrels a Day

OPEC+’s seven core producers have decided to maintain their gradual output increase policy even after the United Arab Emirates left the group. Reuters, citing multiple sources on May 2, reported that seven OPEC+ members including Saudi Arabia and Rus

Kaia Teases Big News Coming in May

Kaia, a South Korean Web3 project, said it has a major announcement coming. In a post on X, formerly Twitter, on May 2, Kaia wrote that there would be "big news" in May and asked users to stay tuned. Investor reaction, however, was muted. As of 7:27

Bitdeer Mines 186 Bitcoin This Week, Sells All of It

Bitdeer Technologies Group said on May 2 in a post on X, formerly known as Twitter, that it mined 186 Bitcoin this week. The company sold all of the tokens it mined, leaving its total Bitcoin holdings at zero. Bitdeer has recently been diversifying b

US Warns Shipping Firms of Sanctions for Dealing With Iran Over Hormuz Transit, Bans Crypto Payments

The US government warned it would impose tough sanctions on shipping companies that pay Iran or seek security guarantees from Tehran in exchange for passage through the Strait of Hormuz. The Treasury Department's Office of Foreign Assets Control issu

Iran Says Odds of Renewed War With US, Israel Are High: Al Jazeera

The risk of renewed military conflict in the Middle East appears to be rising again. Mohammad Jafar Asadi, Iran's deputy military commander, said in a statement that growing evidence shows the US does not honor any agreement or treaty, Al Jazeera rep

Hong Kong Launches AI Fraud Platform Ahead of Stablecoin Rollout

Hong Kong is building an artificial intelligence-based fraud prevention system ahead of the legalization and broader adoption of stablecoins. Cryptopolitan reported on May 2 that the Hong Kong Monetary Authority made the establishment of a stablecoin

AI-Generated ‘Beauty’ Targets XRP Las Vegas Attendees in Romance Scam

Crypto scammers are targeting industry figures attending XRP's flagship event, XRP Las Vegas, according to a report. On May 2, crypto-focused outlet Protos reported that impersonator accounts on social media were using artificial intelligence to targ

Paradigm Unveils ‘PACTs’ Proposal to Protect Satoshi-Era Bitcoin Wallets From Quantum Attacks

Paradigm has unveiled a new technical proposal aimed at protecting early Bitcoin wallets from hacking threats posed by quantum computers. CoinDesk reported on May 2 that the firm released a new design called “Provable Address Control Timestamps,” or

Bitcoin Reclaims $78,000, but Options Market Remains Cautious

Bitcoin has regained the $78,000 level and continues to show strength, but investor expectations for further gains remain limited. As of 3:13 p.m. in Korea on May 2, Bitcoin was trading at $78,234, up 1.38% from a day earlier. The cryptocurrency is u

US April ISM Manufacturing PMI at 52.7, Slightly Below Forecast

US manufacturing activity expanded in April, though the pace fell slightly short of expectations. The Institute for Supply Management said on May 1 that its manufacturing purchasing managers index came in at 52.7 for April, below the market forecast

US April Manufacturing PMI at 54.5, Slightly Above Forecast

The US manufacturing Purchasing Managers’ Index for April came in slightly above market expectations. S&P Global said on May 1 that its April manufacturing PMI was 54.5, compared with a market forecast of 54.0. The PMI uses 50 as the dividing line be

Ark Invest Sees Bitcoin Market Cap Reaching $16 Trillion by 2030

Ark Invest, the US asset manager led by Cathie Wood, laid out a bullish outlook for Bitcoin. CoinDesk reported on May 1 that Ark said in its annual "Big Ideas" report that Bitcoin could post explosive growth as it becomes an essential asset class in

Crypto VC Funding Falls 74% in April to $659 Million, Lowest in 21 Months

Venture capital investment in crypto slumped to its lowest level in nearly two years as the market cooled. Cointelegraph reported on May 1, citing CryptoRank data, that crypto VC funding totaled $659 million across 63 deals in April. That was down 74

Bloomberg Finds Signs Trump-Linked World Liberty Financial Made Private Token Sales

Signs have emerged that World Liberty Financial, the cryptocurrency project involving U.S. President Donald Trump’s family, sold tokens to investors in private. Bloomberg reported on May 1 that World Liberty Financial privately sold 5.9 billion token

Iran Sends New Negotiating Proposal to US Through Pakistan

Iran has sent a new negotiating proposal to the US, according to a report. Iran’s state-run IRNA news agency, citing a source, reported on May 1 that Tehran delivered the proposal through Pakistan in an effort to end the war with the US.

Bitcoin Surpasses $78,000

Tether Posts $1.04 Billion First-Quarter Net Profit

Tether, the issuer of the fiat-backed stablecoin USDT, said on May 1 that its first-quarter net profit exceeded $1 billion. According to Tether’s attestation report for the first quarter of 2026, the company posted about $1.04 billion in net profit.

Arbitrum Governance Opens Vote to Unfreeze $71 Million in Ether for Kelp DAO

Arbitrum governance has opened a vote to release about $71 million worth of Ether as the DeFi industry works to help Kelp DAO recover from a hack in April. On May 1, Aave Labs, Kelp DAO, LayerZero, Ether.fi and Compound submitted a joint proposal ask

Bitcoin Holdings at Top 10 Centralized Exchanges Rise Above 2.85 Million, With Upbit Fourth

Major centralized crypto exchanges worldwide held more than 2.85 million Bitcoin as of April 30. CryptoDep wrote on X on May 1, citing data from Arkham Intelligence and CoinGlass, that the top 10 centralized exchanges held a combined 2,851,199 Bitcoi

Aptos-Based DEX Tapp Exchange to Shut Down, Urges Users to Withdraw by May 31

Tapp Exchange, a decentralized exchange built on Aptos, announced it will cease operations and shut down its service. In a post on its official channels on May 1, Tapp Exchange said it had decided to wind down the protocol in phases. The protocol wil

US Spot-Bitcoin ETFs Draw $2 Billion in April for Biggest Monthly Inflow of 2026

US spot-Bitcoin exchange-traded funds posted their biggest monthly net inflow of the year in April. Cointelegraph reported on May 1, citing SoSoValue data, that spot-Bitcoin ETFs recorded combined net inflows of $1.97 billion in April. That was sharp

UK Said to Slow Digital Pound Project as It Waits for Private-Sector Innovation

The UK Treasury and the Bank of England are poised to hold off on introducing a digital pound, Bloomberg News reported. UK authorities are considering a middle-ground option that would slow the project rather than approve or scrap it, according to pe

Brazil Central Bank Bans Crypto Use in Cross-Border eFX Transfers

Brazil’s central bank, Banco Central do Brasil, has barred the use of virtual assets, including cryptocurrencies, in the Electronic Foreign Exchange system, or eFX, used for cross-border payments and remittances. Cointelegraph reported on May 1 that

UAE Says Iran’s Unilateral Control of Strait of Hormuz Can’t Be Trusted

Anwar Gargash, diplomatic adviser to the president of the United Arab Emirates, on May 1 sharply criticized Iran’s push to control the Strait of Hormuz. In a post on X, Gargash said Iran’s unilateral move could never be trusted, accusing Tehran of ca

Riot Platforms Reports $167.2 Million in First-Quarter Revenue, With AI Data Center Unit Posting Initial Sales

Riot Platforms reported first-quarter results. The Block reported on May 1 that Riot Platforms posted total revenue of $167.2 million for the first quarter. Revenue from its core Bitcoin mining business was $111.9 million. Mining revenue declined fro

Solana DeFi Protocol Carrot to Shut Down After Drift Hack Fallout

Carrot, a decentralized finance protocol on Solana, said it will shut down after suffering severe damage from the Drift hack. Cointelegraph reported on May 1 that Carrot wrote on social media that the incident had dealt a critical blow to the project