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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 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
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, 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-
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
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'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
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
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 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, 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, 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, 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
National Assembly Stablecoin Seminar Ruling and opposition parties say they will take up the Digital Asset Basic Act immediately after local elections Tether says a won-based stablecoin could help connect South Korea with global capital South Korea’s
"Payments by AI agents would be impossible without stablecoins, digital assets pegged to fiat currencies." Vincent Chok, chief executive officer of First Digital, made the remarks on May 12 at a seminar at South Korea's National Assembly in Seoul on
South Korea should adopt a differentiated regulatory framework for stablecoins based on the risk profile of each digital asset, rather than imposing uniform rules across the board, speakers at a seminar in Seoul said. They added that Korea should des
South Korea’s ruling and opposition parties called fostering the domestic stablecoin market an urgent priority, pledging to fast-track a digital asset framework law after local elections. At a May 12 seminar at the National Assembly in Seoul on globa
Ondo Finance (ONDO) has surged over the past week. According to CoinMarketCap, ONDO was trading at $0.4260 as of 10:45 p.m. on May 9, up 6% from a day earlier. That marked a 52.56% gain from a week earlier. The rally appears to have been driven by ne
Strategy, the world's largest corporate holder of Bitcoin, shared an update on its Bitcoin performance. Chief Executive Officer Phong Le wrote on X on May 9 that the company's Bitcoin yield has reached 9.4% so far this year, translating to about $5 b
Kelp DAO, which suffered what it described as the worst hack of the year, said it will formally begin procedures to recover and restore rsETH, the asset frozen in the attack, in coordination with Aave. In a post on X on May 9, Kelp DAO said it plans
As US government debt has climbed past $39 trillion, stoking warnings of a fiscal crisis, investors seeking protection against a weakening dollar are shifting from gold to Bitcoin, according to JPMorgan. The Block reported on May 9 that a JPMorgan re
Bitcoin has emerged from a bear market and entered a neutral phase, according to CryptoQuant, an on-chain cryptocurrency analytics firm. In a report published on May 9, CryptoQuant contributor Easy on Chain wrote that the Bitcoin market had absorbed
A U.S. federal court has allowed Aave to transfer about $71 million in frozen cryptocurrency tied to a North Korea-linked hacking case. CoinDesk reported on May 9 that U.S. District Judge Margaret Garnett in Manhattan partially modified a freezing or
The market for tokenized real-world assets, or RWAs, has expanded tenfold over the past two years, pushing its total value above $30 billion. RWAs are real-world assets converted into tokens that can be traded on blockchain networks. A16z crypto wrot
Bitdeer said on X, formerly known as Twitter, on May 9 that it mined 193.8 Bitcoin over the past week. It sold all of the tokens it mined, leaving its total Bitcoin holdings at zero. The company has recently sought to diversify beyond its core Bitcoi
Major US cryptocurrency exchanges are objecting to parts of the CLARITY Act. Cointelegraph reported on X on May 9 that US crypto exchanges including Coinbase, Kraken and Gemini recently asked US lawmakers to remove language in the bill related to pre
Wall Street’s growing role in the Bitcoin market poses only a limited threat to the cryptocurrency, Strike CEO Jack Mallers said. Mallers made the remarks on a recent episode of the “What Bitcoin Did” podcast, Cointelegraph reported on May 9. “If Wal
Ethereum's share of the decentralized finance market has fallen by nearly 10 percentage points since the start of the year, bringing it close to a record low. CryptoSlate, citing DefiLlama data, reported on May 7 that Ethereum now accounts for about
Sahara AI, an artificial intelligence agent infrastructure company, said May 8 that it built an autonomous AI agent system with global manufacturer Motherson Group to support engineering work. The system, called Industrial Design Agent, is a multimod
XRP’s weak price performance appears to reflect a lack of new investors, according to blockchain analytics firm Glassnode. Glassnode wrote on X on May 7 that the number of newly created addresses on the XRP network had dropped to about 2,700 a day fr