YM Lee

Binance Research Says Illicit On-Chain Funds Near $75 Billion

Illicit funds remaining on-chain are nearing $75 billion. Woo Blockchain, citing Binance Research, reported on May 15 that more than $75 billion in illicit funds remained on-chain as of 2025. Those funds accounted for less than 1% of total on-chain t

Kospi Tops 8,000 for First Time, Sets Record High

Hana Financial to Buy $726 Million Dunamu Stake, Become Fourth-Largest Shareholder

Hana Financial Group will become a major shareholder in Dunamu, the operator of South Korea's largest digital-asset exchange Upbit, by acquiring a stake worth about $726 million. KBS reported on May 15 that Hana Financial decided at a Hana Bank board

Bithumb Sharing Center to Hold Creator-Led Charity Flea Market

Bithumb, a South Korean cryptocurrency exchange, said it will hold the "ICE FLEA MARKET with Bithumb Sharing Spring Switch Club" with beauty, fashion and lifestyle MCN company ICE Creative at the Bithumb Sharing Center on May 16. The Bithumb Sharing

Gemini Q1 Revenue Jumps 42% as Prediction-Market Trades Top 100 Million

Crypto exchange Gemini reported a 42% increase in first-quarter revenue from a year earlier and disclosed initial operating metrics for its in-house prediction market platform, helping send its shares sharply higher in after-hours trading. The Block

US Senate Banking Panel Advances CLARITY Act in 15-9 Vote, Industry Calls It Turning Point

The US Senate Banking Committee advanced the CLARITY Act, a market-structure bill for digital assets, fueling industry expectations that the sector is moving closer to the regulatory mainstream. Debate persists, however, over ethics provisions relate

Bitwise’s Hyperliquid ETF to Begin Trading on NYSE

Bitwise’s Hyperliquid exchange-traded fund will begin trading on the New York Stock Exchange on May 15. The fund will trade under the ticker BHYP and will be the first ETF in the US market to offer Hyperliquid staking rewards, The Block reported on M

Dartmouth Endowment Adds $3.3 Million Solana ETF, Bringing Crypto Holdings Near $14.5 Million

Dartmouth College’s endowment has expanded its crypto exposure with a new investment in a spot Solana exchange-traded fund. Cointelegraph reported on May 14 that Dartmouth’s board disclosed in a filing with the U.S. Securities and Exchange Commission

GMX Labs Names First CEO as Token Buybacks, Liquidity Overhaul Accelerate

GMX Labs, the development arm of decentralized derivatives exchange GMX, has named its first chief executive officer as it speeds up an overhaul of the protocol’s tokenomics. GMX DAO is also advancing a token buyback program and a liquidity restructu

MyDoge Opens Beta for Dogecoin App Ecosystem, Accelerates Finance Infrastructure Buildout

MyDoge, a platform built on Dogecoin, has launched a broad beta program as it moves to expand the Dogecoin application ecosystem. On May 8, MyDoge said on its official channels that it had recently opened the MyDoge V3 beta service to a limited group

Kalshi Raises $1 Billion in Series F, Nears $22 Billion Valuation

Kalshi, the U.S. prediction market platform, has raised $1 billion in fresh funding, valuing the company at about $22 billion. Blockhead reported on May 8 that Kalshi recently secured the funds in a Series F round. Participants included Coatue, Sequo

US Senate Nears CLARITY Act Markup as Poll Shows 52% Support

The US Senate is moving closer to the next step on the CLARITY Act, a digital-asset market structure bill, as a new poll shows support from more than half of voters. BeInCrypto reported on May 8 that the Senate Banking Committee is coordinating the s

South Korea to Directly Oversee Crypto Cross-Border Transfers After FX Law Revision Passes

South Korea will set up a direct oversight framework for overseas transfers of virtual assets, or cryptocurrencies, and cross-border movements of stablecoins. Under the revised rules, related businesses must register with the finance minister, while

Oil Plunges on Report US, Iran Near Interim Deal to Reopen Hormuz

The US and Iran are nearing a temporary agreement to halt the conflict in the Middle East, according to a report by the Guardian. Oil prices tumbled and global stocks advanced on expectations shipping could resume through the Strait of Hormuz. Pakist

Coinbase Posts $394.1 Million First-Quarter Net Loss; Shares Drop After Hours

Coinbase Global Inc., the U.S. cryptocurrency exchange, reported first-quarter results that missed market expectations, extending its run of quarterly losses and sending the stock lower in after-hours trading. Cointelegraph reported on May 8 that Coi

US Spot Ether ETFs Post $103.51 Million in One-Day Outflows, Led by Fidelity

U.S. spot Ether exchange-traded funds posted net outflows of more than $100 million in a single day, with the bulk of the selling concentrated in products from Fidelity and BlackRock. Trader T data for May 7 showed total net outflows from U.S. spot E

US Spot Bitcoin ETFs Post $268.46 Million Outflow as BlackRock, Fidelity Lead Withdrawals

U.S. spot Bitcoin exchange-traded funds posted net outflows of about $268 million in a single day, reversing a recent inflow trend. Data compiled by Trader T showed total net outflows from U.S. spot Bitcoin ETFs stood at $268.46 million on May 7. Bla

Mirae Asset Securities Joins DTCC Tokenization Working Group as Sole South Korean Brokerage

Mirae Asset Securities will join a tokenization working group led by the Depository Trust & Clearing Corporation, the largest securities depository and clearing institution in the US. It is the only participant from a South Korean financial company's

MegaLabs, H Lab Sign Strategic Pact on Web3 Infrastructure, Blockchain Expansion

Blockchain technology company MegaLabs said May 8 that it signed a strategic memorandum of understanding with H Lab, the crypto unit of Neowiz Holdings, to jointly develop Web3 infrastructure and expand the blockchain ecosystem. The agreement was sig

Bitcoin Options Traders Bet on $115,000 by Year-End as Overheating Signs Stay Muted

Investors in the Bitcoin options market are increasingly betting the cryptocurrency will climb above $115,000 by year-end. Even so, derivatives indicators suggest signs of overheating remain limited. Cointelegraph reported on May 8 that open interest

Suho.io Signs MOU With Cross ENF to Build Cross-Border Remittance Infrastructure

Suho.io, a next-generation financial infrastructure company, said May 8 that it signed a memorandum of understanding with Cross ENF, a fintech company specializing in small-value overseas remittances, to build a global remittance network and advance

Dunamu to Hold ‘UP Class’ Digital-Asset Lecture Program for University Students

Dunamu said on May 8 that it will hold “UP Class,” a digital-asset lecture program for university students and younger people. UP Class is a customized education program designed to improve understanding of digital assets across age groups. This year

US Treasury Presses Binance to Honor 2023 Monitoring Deal

The US Treasury Department has privately pressed Binance to comply with the monitoring program it agreed to under its 2023 settlement with US authorities, after allegations surfaced that the exchange facilitated transactions involving Iran-linked fun

Bitcoin Holdings on Major Exchanges Drop 100,000 BTC in Three Months, Easing Sell Pressure

Bitcoin holdings at major cryptocurrency exchanges have fallen by about 100,000 BTC over the past three months, suggesting supply pressure is easing as less sellable inventory remains on trading platforms. Cointelegraph reported on May 8 that Bitcoin

Iran State Media Claims US Navy Ships Hit by Missile Attack Near Hormuz After Tanker Strike

Iranian state media reported that US Navy ships near the Strait of Hormuz came under an Iranian missile attack, claiming the clash followed a US strike on an Iranian oil tanker. Reuters reported on May 7 that Iranian state media, citing an unidentifi

Block Books $173 Million Bitcoin Loss, Raises 2026 Outlook

Block Inc., the fintech company led by Jack Dorsey, booked a $173 million Bitcoin remeasurement loss in the first quarter of 2026. Still, it raised its full-year guidance on strength in its core businesses. The company disclosed in its first-quarter

Fairshake-Linked Crypto PACs Spend $7.2 Million in Five States Ahead of US Midterms

Crypto industry-backed political action committees tied to Fairshake have ramped up support for pro-crypto candidates ahead of the US midterm elections. Cointelegraph reported on May 7 that two Fairshake-affiliated PACs, Protect Progress and Defend A

Institutional Investors Raise Bitcoin Exposure as Crypto Sentiment Improves

Institutional investors are increasing their exposure to cryptocurrencies again, led by Bitcoin, as money continues to flow into U.S. spot Bitcoin exchange-traded funds and market sentiment improves. CoinShares, a digital-asset manager, said a recent

Bonanza Factory to Supply Shinhan Bank With Real-Time Crypto Wallet Risk Analysis Tool

Bonanza Factory will supply Shinhan Bank with a real-time blockchain wallet risk analysis solution, as banks ramp up efforts to track on-chain fund flows and strengthen internal controls amid growth in the cryptocurrency and stablecoin markets. Bonan

Crypto Card Payments Surge 500%, Justin Sun Says Payment Infrastructure Shift Is Underway

TRON founder Justin Sun said cryptocurrency card payments are spreading rapidly, underscoring a broader shift in payment infrastructure. In a post on X on May 1, Sun wrote that crypto cards are "not just a trend, but the next stage of distribution."