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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Hana Financial Group, one of South Korea’s four largest banking conglomerates, announced on May 15 that its flagship Hana Bank has approved the purchase of a 6.55% stake in Dunamu — the operator of Upbit, South Korea’s dominant crypto exchange — from Kakao Investment for approximately 1 trillion Korean won, equivalent to roughly $670 million, marking the largest single investment ever made by a South Korean bank into a digital asset company. The deal, disclosed in a regulatory filing the same day the Hana Bank board approved…

Make CryptoSlate preferred on Kraken is moving its wrapped Bitcoin (kBTC) to Chainlink CCIP as bridge-security fears continue spreading across DeFi, turning the bridge-security debate into a decision about wrapped-Bitcoin infrastructure.In a recent announcement, the exchange said it is deprecating its existing cross-chain provider and moving all Kraken Wrapped Bitcoin to Chainlink’s Cross-Chain Interoperability Protocol. CCIP will become the exclusive cross-chain infrastructure for kBTC and future Kraken Wrapped Assets.The move adds a centralized exchange‘s Bitcoin wrapper to the migration wave that followed the KelpDAO exploit. It places exchange-issued BTC distribution inside the same risk debate that has already pushed DeFi-native…

In brief The 7D-SMA of US spot Bitcoin ETF netflows dropped to -$88M/day, the largest outflow since mid-February, Glassnode said. The 10-year Treasury yield hit 4.52%, and April CPI came in at 3.8% year-over-year—the highest in three years—pushing back expectations of a Fed rate cut. Analysts say $77,000 is the key support level; a break below, with open interest still elevated, could trigger a deleveraging phase. Bitcoin is struggling to hold above $80,000 as institutional investors exit ETFs amid rising Treasury yields, even as the CLARITY Act passed the Senate Banking Committee on ThursdayThe leading crypto is up 0.8% over…

In brief Billionaire Tether investor Christopher Harborne has entered the Sunday Times Rich List in sixth place, with most of his wealth tied to his Tether stake. Harborne’s $6.7 million gift to Reform UK leader Nigel Farage in 2024 has come under scrutiny. Farage faces a standards probe over the gift, which he claimed was a “reward” for Brexit campaigning. Christopher Harborne, a major investor in stablecoin issuer Tether and financial backer of Reform UK leader Nigel Farage, was named one of the UK’s richest people as Farage faces a parliamentary standards inquiry over a reported $6.7 million (£5 million)…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Strategy, the world’s first and largest Bitcoin Treasury led by its founder Michael Saylor, recently resumed its weekly BTC buying spree after pausing purchases ahead of its earnings call on May 5. With the company now in buying mode, Saylor predicts Bitcoin’s price will rise 30% annually over the next 20 years. If that happens, Strategy’s staggering holdings, which is currently over 800,000 BTC, could see massive profit growth each year.  Strategy’s Bitcoin Value At 30% Yearly Growth Saylor has said that the Bitcoin price could surge…

In brief Gemini reported Q1 2026 revenue of $50.3 million, up 42% year-over-year. The crypto exchange secured a $100 million strategic investment from Winklevoss Capital Fund at $14 per share, paid in Bitcoin. Gemini Olympus, LLC received a Derivatives Clearing Organization license from the CFTC on April 30. Cryptocurrency exchange Gemini, the platform founded by Cameron and Tyler Winklevoss that trades on NASDAQ as GEMI, reported first-quarter revenue of $50.3 million while securing a $100 million Bitcoin investment from Winklevoss Capital Fund at $14 per share, according to a company announcement.GEMI shares spiked in pre-market trading and are currently changing…

Today DMND and RootstockLabs announce a new feature rollout intending to further the decentralization of Bitcoin mining. The new feature uses Stratum V2 to enable miners at the pool engaging in their own block template construction to also handle the selection and inclusion of merge-mined block commitments from the Rootstock (RSK) sidechain as well. Merge-mining is a process by which multiple blockchains can share, or “reuse”, the same POW from the same set of miners. One blockchain, the child chain, structures its block headers to include the headers of the parent chain, i.e. the hash of the child chain’s block…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Dune’s CEO announced Thursday that the crypto data company is cutting a quarter of its staff as part of a broader push to build out data tools for institutional investors — a segment the company sees as a major growth opportunity as more traditional financial assets move onto blockchain networks. Betting On Institutional Demand Fredrik Haga, Dune’s co-founder and chief executive, said the company plans to invest heavily in products and services aimed at institutions, pointing to what he described as a growing shift of currencies, stocks,…

Strategy, the Tysons Corner-based software and Bitcoin treasury firm formerly known as MicroStrategy, filed a Form 8-K on Friday announcing plans to repurchase $1.5 billion of its convertible notes due 2029 — a significant balance sheet move that comes as the company’s preferred stock instrument, STRC, continues to attract record investor demand. The repurchase announcement arrives one day after STRC, Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, recorded an all-time high daily trading volume of $1.53 billion on Thursday, surpassing the prior record of $1.1 billion set on April 13.  Executive Chairman Michael Saylor confirmed the milestone on…

A former employee of a billion-dollar lender faces decades in prison over the disappearance of thousands of dollars from an ailing septuagenarian’s bank account. According to the United States Attorney’s Office for the District of Rhode Island, former Santander Bank employee Carlos Bras drained over $125,000 starting in or about May of 2023 from the account of a 78-year-old customer who was suffering from dementia. To access and transfer the victim’s funds, Bras secretly enabled online banking for the septuagenarian. Bras also “ordered checks sent to addresses he controlled, and obtained a debit card for personal use.” According to the…

In brief THORChain suspended all trading after security researchers flagged a suspected multi-chain exploit allegedly affecting Bitcoin, Ethereum, BNB Smart Chain, and Base networks. Blockchain researcher ZachXBT and security firm PeckShield identified two suspected theft addresses linked to alleged losses exceeding $10 million. The protocol halted operations while investigating the potential security breach. THORChain halted trading operations Friday morning after blockchain security researchers identified a suspected exploit allegedly affecting more than $10 million across multiple blockchain networks.Blockchain researcher ZachXBT and security firm PeckShield traced the suspected breach to two main addresses—one on Bitcoin and another on EVM-compatible chains including Ethereum,…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Global crypto exchange OKX is in discussions to acquire approximately a 20% stake in Coinone, one of South Korea’s five licensed crypto exchanges, according to a May 15 report by Yonhap News Agency — a move that would mark OKX’s most significant strategic foothold in one of Asia’s most active digital asset markets. Korea Investment & Securities, one of South Korea’s major brokerage firms, is reportedly pursuing a parallel 20% stake in Coinone under the same framework, per the Yonhap report as cited by Bloomberg’s Bloomingbit. The…