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South Korea will strengthen its crackdown on illegal foreign-exchange transactions involving cryptocurrencies and other assets. The Ministry of Economy and Finance said June 10 it held a pan-government meeting at the government complex in Sejong to r
The Kospi reversed course and closed sharply lower after just one day. On June 10, the benchmark index ended at 7,730.82, down 4.52% from the previous session's close. It fell more than 6.8% at one point during the session, sliding to the 7,540 level
SpaceX, Elon Musk's space company, has released a video for its initial public offering roadshow. Blockbeats and other outlets reported on June 4 that SpaceX had published a roughly 17-minute IPO roadshow video. In the video, Chief Financial Officer
The first Bitcoin-backed home mortgage in the US has been completed. Coinbase said on its official X account on June 4 that the first Fannie Mae-backed mortgage based on Bitcoin had closed in the US. Fannie Mae is one of the country's two major housi
Moomoo, the trading platform operated by Chinese fintech firm Futu, is expanding into prediction markets through a partnership with Kalshi. CoinDesk reported on June 4 that Moomoo will offer eligible users access to event contracts regulated by the U
Korea Investment & Securities is seeking to build its own security token offering, or STO, platform. Maeil Business Newspaper and other local media reported on June 4 that the brokerage recently sent requests for proposal to major service providers t
Bitcoin miner IREN is moving to build a data center in Australia. The Block reported on June 3 that IREN signed a grid connection agreement for a data center of up to 800 megawatts in Bundey, South Australia. The company plans to begin operations in
Payward, the parent of US cryptocurrency exchange Kraken, plans to offer retail investors access to US initial public offerings at the offering price. The Block reported on June 3 that Payward will offer access to US IPOs through its xStocks platform
Korbit, a South Korean cryptocurrency exchange, said June 1 that it has launched a "Send to Contacts" service that allows users to transfer crypto using a mobile phone number. The service lets users send digital assets by entering only the recipient'
US institutional investors have yet to return as buyers of Bitcoin, according to a CryptoQuant analysis. CryptoQuant contributor Rich_dady wrote on May 31 that institutions currently moving the market are sellers, not buyers. He pointed to the Coinba
President Donald Trump said the US is close to what he called a "very good deal" with Iran. In an interview with Fox News on May 30, Trump said the one guarantee he must secure is that Iran does not have nuclear weapons. He added that Iran had agreed
BNB surged more than 13%, triggering about $12 million in liquidations in the futures market. According to CoinMarketCap, BNB was trading at $739.85 as of 12:40 p.m. in South Korea on May 31, up about 12.61% from a day earlier. The token has gained n
The Commodity Futures Trading Commission has approved the listing of a Bitcoin perpetual futures contract on US prediction-market platform Kalshi. CoinDesk reported on May 29 that the CFTC approved Kalshi to list and trade its Bitcoin perpetual futur
Danish pension fund AkademikerPension said it has excluded Elon Musk-led space company SpaceX from its investment universe. Anders Schelde, AkademikerPension’s chief investment officer, told Bloomberg on May 29 that the fund will not invest in SpaceX
Blockchain infrastructure company Paxos has registered with the U.S. Securities and Exchange Commission as a clearing agency. Paxos said May 28 that its subsidiary, Paxos Securities Settlement Company, or PSSC, was formally registered with the SEC as
Ki Young Ju, chief executive officer of CryptoQuant, said Bitcoin’s bear market could continue until early next year. In a post on X on May 29, Ju wrote that Bitcoin investors’ profit and loss, or PnL, typically declines for about 18 months when prof
Sui's mainnet was temporarily halted. Sui said on its official X account on May 28 that the network was experiencing congestion and that it was actively working on a fix. The project said transactions may currently be paused. It added that it would s
Grayscale has paused its initial public offering plans as weakness in the cryptocurrency market persists. CoinDesk reported on May 28 that Grayscale recently halted work on its IPO. Citing people familiar with the matter, the crypto news outlet said
Strategy, the world’s largest corporate holder of Bitcoin, is sitting on nearly $2 billion in unrealized losses. Data from Death Spiral showed the company’s unrealized loss on its Bitcoin investment stood at about $1.93 billion as of May 28. The loss
KakaoBank Corp. plans to offer a cryptocurrency wallet service through its app. According to industry officials on May 28, KakaoBank recently began recruiting staff for stablecoin-related roles. The job posting says the role will be responsible for p
BlackRock’s spot Bitcoin exchange-traded fund posted a one-day net outflow of $527.8 million. The Block reported on May 28 that IBIT, BlackRock’s spot Bitcoin ETF, logged net outflows of $527.8 million on May 27. It was the fund’s largest daily net o
JPMorgan said tokenized money market funds face structural barriers to overtaking stablecoins. CoinDesk reported on May 21 that JPMorgan wrote in a May 20 report that tokenized MMFs account for only about 5% of the stablecoin market despite offering
Michael Saylor, chairman of Strategy, the world's largest corporate holder of Bitcoin, said the company aims to maximize growth in its preferred stock STRC to further expand its Bitcoin purchases. BlockBeats reported on May 21 that Saylor said larger
Rising U.S. Treasury yields are unlikely to threaten the stock market's bull run, according to Yardeni Research. Walter Bloomberg reported on May 20 that Yardeni said in a note that the climb in Treasury yields and the related bond selloff are not en
Former Commodity Futures Trading Commission Chairman Timothy Massad said the US government is still reviewing the possible introduction of a central bank digital currency, or CBDC. In an interview with CoinDesk at the Digital Money Summit 2026 in Lon
South Carolina has enacted a pro-cryptocurrency law that codifies protections for activities including crypto mining. The Block reported on May 19 that South Carolina Governor Henry McMaster signed S.163, a cryptocurrency bill, on May 18. The measure