Uk Jin

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

THORChain Slides on Signs of Hack, With Losses Estimated at More Than $7.4 Million

On-chain analyst ZachXBT said on May 15 that signs of a large-scale hack had been detected at THORChain, the decentralized cross-chain protocol behind RUNE. In a post on X, formerly known as Twitter, ZachXBT wrote that THORChain appeared to have been

Iran Terror Victims Sue Tether for Release of Frozen $344 Million in USDT

Victims of Iran-linked terrorist attacks and their relatives have sued Tether in U.S. court, seeking the release of about $344 million in frozen assets. The Block reported on May 15 that the plaintiffs asked the U.S. District Court for the Southern D

Bithumb’s First-Quarter Operating Profit Plunges 95.8% to $2.1 Million

Bithumb, the South Korean cryptocurrency exchange, reported a sharp drop in first-quarter operating profit. A filing posted May 15 on the Financial Supervisory Service’s electronic disclosure system showed first-quarter revenue fell 57.6% from a year

Digital Asset Protection Foundation to Promote ‘Hidden Asset Finder’ Service

The Digital Asset Protection Foundation has developed promotional content for a nationwide “Hidden Asset Finder” service and plans to release it later this year, MTN News reported on May 15. The campaign is designed to make it easier for users to che

Dunamu First-Quarter Operating Profit Tumbles 78% to $63.7 Million

Dunamu Inc., the operator of Upbit, South Korea’s largest cryptocurrency exchange, reported weaker first-quarter earnings. A regulatory filing on May 15 showed the company’s consolidated operating profit fell 78% from a year earlier to 88 billion won

Smart Web Company Buys 10 More Bitcoin, Raising Holdings to 2,840

Smart Web Company bought additional Bitcoin to strengthen its asset portfolio. Bitcoin Treasuries said on May 15 that the company purchased 10 more Bitcoin. The latest purchase raised Smart Web Company’s total Bitcoin holdings to 2,840, ranking it 27

B2C2 Secures MiCA License in Luxembourg

Market maker B2C2 has obtained a crypto-asset service provider license in the European Union. The Block reported on May 15 that B2C2 received a Crypto-Asset Service Provider, or CASP, license from Luxembourg’s Commission de Surveillance du Secteur Fi

Bit Digital Q1 Revenue Falls 14%, Posts $146.7 Million Net Loss

Bit Digital, a Nasdaq-listed US company, reported lower revenue in the first quarter from the previous quarter, as cloud services, Ethereum staking and digital-asset mining revenue declined. The Block reported on May 15 that Bit Digital posted first-

CLARITY Act May Extend Dollar Stablecoins’ Global Reach, Draw Capital to Asia

The U.S. Senate is moving ahead with the CLARITY Act, a crypto market-structure bill that could further expand the global influence of dollar-backed stablecoins if it becomes law, CoinDesk reported on May 15. The Senate Banking Committee approved the

Kraken Switches Cross-Chain Bridge to Chainlink CCIP to Bolster Security

Crypto exchange Kraken is switching its cross-chain bridge infrastructure to Chainlink's Cross-Chain Interoperability Protocol, or CCIP. Cointelegraph reported on May 15 that Kraken will end support for its existing LayerZero-based bridge and migrate

Australia Pushes Capital Gains Tax Overhaul, Stoking Concern for Crypto Investors

Australia's proposed overhaul of capital gains tax is fueling concern that crypto investors could face a much heavier tax burden. Cointelegraph reported on May 15 that Australia's ruling Labor Party unveiled the changes as part of its fiscal 2027 bud

DWF Labs Says 12-Year Wait for IPOs Is Fueling On-Chain Demand for Private AI Stakes

A longer runway to initial public offerings is pushing demand for pre-IPO equity exposure into on-chain markets, DWF Labs said in a report. Some private-company stakes are trading at premiums to their underlying market value. In the May 14 report, DW

First Digital CEO Sees AI Payments Rising, Says Korea Needs Digital Won

Interview with First Digital CEO Vincent Chok Issuer of dollar stablecoin FDUSD Pursuing a Nasdaq listing and expanding its AI agent business "The won needs a stablecoin to internationalize" "Korea's top priority should be a digital-asset framework l

BitPlanet to Raise $5.1 Million Through Convertible Bonds for Bitcoin Mining Expansion

BitPlanet said on May 14 it will issue 7 billion won ($5.1 million) in convertible bonds to buy Bitcoin mining equipment and deploy the machines at overseas sites. The board approved the simultaneous issuance of two privately placed unsecured convert

Binance Says Faster Institutional Crypto Adoption Requires TradFi-Grade Infrastructure

Binance, the world’s largest cryptocurrency exchange, said the digital-asset industry needs to reshape its market structure as institutional investors account for a growing share of the market. The industry must evolve to provide more mature financia

Aptos Signs MOU With BDACS to Expand KRW1 Stablecoin Ecosystem

Aptos, a global blockchain infrastructure company, said on May 13 that it signed a strategic memorandum of understanding with BDACS to expand the ecosystem for KRW1, a won-pegged stablecoin. KRW1 is the world’s first won-denominated stablecoin issued

BDACS, Aptos Partner to Build On-Chain Commerce Ecosystem for KRW1 Stablecoin

BDACS, a digital-asset infrastructure company, said on May 13 that it signed a memorandum of understanding with layer-1 blockchain platform Aptos to expand the ecosystem for KRW1, a won-pegged stablecoin, and cooperate on infrastructure. The company