Market News
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KakaoBank Advances Plans for a KRW-Backed Stablecoin
KakaoBank launches an active KRW stablecoin build with hiring and infrastructure planning. Kakao develops the KRW token while Naver explores…
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South Africa Warns Stablecoins Threaten Key FX Controls
Stablecoin trading rises fast in South Africa as users shift away from older crypto pairs. Regulators plan rules to control…
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Markets Brace as Hassett Emerges as Crypto-Linked Fed Pick
Kevin Hassett emerges as Trump’s top Fed pick, raising questions about crypto exposure. A crypto-aligned Fed chair could shift regulatory…
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Paxos’ Fordefi Deal Signals Push Into Regulated DeFi
Paxos’ Fordefi deal merges MPC wallet tech with regulated custody for safer DeFi access. Fordefi’s MPC platform spans over 90…
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Texas Moves Toward State Crypto Reserves With $5M ETF Buy
Texas secures $5M in Bitcoin ETF exposure as it prepares a full self-custody reserve plan. More states study similar Bitcoin…
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Metaplanet Secures $130M Loan to Expand Its Corporate Bitcoin Reserves
Metaplanet’s new $130M Bitcoin-backed loan lifts its total credit draw to $230M. The company will use the funds to acquire…
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Binance Accused of Aiding Hamas Attack in New US Lawsuit
Binance faces a U.S. suit alleging it enabled terror-linked transfers tied to the Oct. 7 attack. Plaintiffs cite weak controls,…
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Buterin Calls Privacy “Hygiene” After Major U.S. Data Breach
Buterin urges privacy to be treated as digital “hygiene” following a major U.S. bank breach. The SitusAMC cyberattack exposed client…
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Revolut Hits $75 Billion Valuation After Major Share Sale
Revolut’s $75B share sale boosted its valuation and attracted wider investor participation. Revolut’s revenue surged 72% in 2024 as profits…
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Galaxy Digital Eyes Liquidity Role in Prediction Markets
Galaxy Digital is in talks with Polymarket and Kalshi to supply institutional-grade liquidity. Prediction markets are shifting from retail platforms…
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IBIT Shorts Drop as Institutions Reset Bitcoin ETF Positions
IBIT short interest plunged to pre-April levels as hedge unwinding defined the moves. Heavy Bitcoin ETF redemptions showed intensified selling…
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Tom Lee Says Thin Liquidity Drives Hedging to Strategy
Institutions use Strategy to hedge Bitcoin exposure due to thin crypto derivatives liquidity. Tom Lee says October’s crash hurt market…
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