Category: Other Crypto News

Samsung Just Bet $408 Million On South Korea’s Top Crypto Exchange — And It’s Not Alone

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Three Samsung affiliates — Samsung Securities, Samsung SDS, and Samsung Card — announced on May 28 the combined acquisition of a 4% stake in Dunamu, the operator of South Korea’s dominant crypto exchange Upbit, for approximately 612.8 billion won or $408 million — the latest in a growing wave of South Korean financial institutions racing to secure strategic positions inside the country’s most valuable digital asset company. Related Reading The shares will be purchased from a group of Kakao-affiliated funds including Kakao Investment and Kakao Ventures, at a per-share price…

Polymarket Exec Says KYC Limited To Beta Product

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Polymarket’s vice president of engineering, Josh Stevens, clarified that the prediction market platform is not adding mandatory Know Your Customer (KYC) checks to its existing service, after a report said the company had considered user verification requirements. Stevens said in an X response that Polymarket is launching a new beta product for a select group of users and that KYC is required only to access the beta during its early test period. “No KYC is being added to any part of existing polymarket.com with this launch,” Stevens wrote. He said…

Worldcoin’s FOMO Rally Cracks After On-Chain Activity Explodes

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Worldcoin’s latest rally drew a sharp increase in on-chain activity, with whale transactions, active addresses and new wallet creation all surging as WLD briefly climbed above $0.408 to an 11-week high. The move has since reversed, with live market data showing WLD back near $0.31 after a double-digit 24-hour drop, making the rally look increasingly FOMO-driven rather than a clean trend shift. Santiment’s chart tracks WLD price action against three network indicators: whale transactions, daily active addresses and network growth. According to the firm, whale transactions rose to 64 in…

BIS Project Agorá Shows Tokenized Payments Cut Settlement Risk

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The Bank for International Settlements (BIS) released a report Wednesday on Project Agorá, an experimental prototype for cross-border wholesale payment. The BIS said the report shows how seven central banks and more than 40 regulated financial institutions can settle cross-border wholesale payments in seconds once liquidity is locked, while reducing credit and settlement risk through atomic settlement using tokenized central bank reserves and commercial bank deposits. The initiative marks one of the broadest collaborations yet between central banks and private lenders, exploring how tokenization could modernize global payments infrastructure. The…

XRP Flashes TD Sequential Buy Signal, Analyst Eyes Rebound

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A crypto analyst has highlighted how the Tom Demark (TD) Sequential has flashed a buy signal for XRP recently, a potential sign that a short-term rebound may be coming. TD Sequential Has Formed A Bullish Setup For XRP In a new post on X, analyst Ali Martinez has talked about a TD Sequential signal that has appeared on the 4-hour price of XRP. The TD Sequential here refers to an indicator from technical analysis (TA) that’s generally used for spotting trend reversals in the asset’s price. It involve two phases,…

Grayscale’s Latest Report Says What Comes Next

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On Tuesday, the Hyperliquid token (HYPE) surged to a new all-time high of $65, briefly propelling the cryptocurrency into the top ten by market capitalization and drawing fresh attention to the platform’s underlying momentum.  Grayscale Research released a new report 24 hours later on Wednesday, breaking down why Hyperliquid has worked so well so far, what has helped it expand beyond crypto trading, and what investors may look for next. Hyperliquid Beyond Crypto Perps In its report, Grayscale said Hyperliquid’s scale and growth can now be compared with the largest…

Crypto Industry Compliance Baseline Has Tightened: Chainalysis

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Nearly half of the organizations onboarded into the crypto industry in 2026 are operating at alerting standards that would have made them industry leaders only a few years ago, according to Chainalysis. In a preview of a report published on Wednesday, Chainalysis said that the crypto industry’s compliance baseline around alert severity, trigger sensitivity and minimum dollar detection floors is tightening, with about 47% of organizations onboarded this year using alerting standards that would have placed them in the top 10% of strictness in 2020. It added that companies have…

Crypto Markets Shed $80B Amid Fresh US Strikes on Iran

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Cryptocurrency markets have shed around $80 billion in value over the past 24 hours, with losses accelerating after the US reportedly carried out a new wave of military strikes on Iran. The US ​military carried out new strikes late on Wednesday targeting ‌an Iranian military site and shooting down four Iranian attack drones, which a ​US official told Reuters posed a threat around the Strait of Hormuz. “These actions were measured, ‌purely ⁠defensive, and intended to maintain the ceasefire,” the official said. Iran’s Islamic Revolutionary Guard Corps reportedly released a…

CFTC Seeks to Reverse Gemini Settlement

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The US Commodity Futures Trading Commission has asked a federal court to vacate its $5 million settlement with crypto exchange Gemini, claiming that the agency’s enforcement action was based on flawed allegations. Gemini settled with the CFTC and paid a $5 million fine in January 2025 in the final weeks of the Biden administration after the agency accused it of making false or misleading statements related to a Bitcoin futures contract. The CFTC filed a joint motion with Gemini in a Manhattan court on Wednesday seeking to vacate the settlement,…

Cathie Wood Doubles Down On $1.25 Million Bitcoin Target

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ARK Invest CEO Cathie Wood has defended her bull case for Bitcoin reaching $1.25 million within five years, arguing that institutional allocation, digital-gold substitution and Bitcoin’s hard-coded scarcity remain the central pillars of the forecast. Speaking on Fox Business In Depth: The Crypto Campaign on May 26, Wood said ARK’s $1.25 million projection represents the firm’s bull case rather than its base case. The base case, she said, is “closer to $750,000.” But she framed the more aggressive target as a product of several overlapping shifts: younger investors treating Bitcoin…