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South Korea’s DAXA orders exchanges to invalidate suspicious shared API keys
South Korea’s Digital Asset Exchange Alliance (DAXA) has rolled out a new compliance standard requiring local crypto exchanges to revoke API keys suspected of being shared or misused. The move comes as the Financial Supervisory Service says automated trading represents about 30% of domestic crypto turnover, prompting tighter monitoring steps such as IP whitelisting and mandatory re-authentication.
BTC
BTC-0.45%
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Samsung affiliates to buy 4% of Upbit operator Dunamu for $408M on May 28
On May 28, Samsung Securities, Samsung SDS, and Samsung Card said they will jointly buy a 4% stake in Dunamu, the operator of South Korea's largest crypto exchange Upbit, for about 612.8 billion won ($408 million). The shares are being acquired from Kakao-affiliated funds at around 439,250 won per share, implying a Dunamu valuation of roughly 15.3 trillion won, with closing scheduled for June 19.
WLD
WLD+0.03%
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Crypto Slides May 28 as IBIT Sees $527.8M Outflow and Liquidations Hit $936M
On May 28, crypto prices moved lower as Bitcoin briefly dipped under $73,000, alongside declines in Ethereum, Solana, XRP and other majors. The sell-off came with $936 million in 24-hour liquidations and BlackRock's IBIT logging a record $527.8 million single-day outflow. Markets also reacted to heightened Trump-Iran headlines and positioning ahead of $7.5 billion in options expiry.
BTC
BTC-0.45%
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Stablecoins and tokenized assets scale up as the market reaches $318B-$322B
The stablecoin market is estimated at about $318B-$322B, a scale described as larger than the official FX reserves of 95 countries. Hyperliquid L1 holds $6.79B in stablecoins, including $1.04B added over seven days, with USDC representing 95.3% of supply. Total tokenized asset value is cited at roughly $350.6B, led by stablecoins at $308.6B alongside tokenized funds ($32.9B), commodities ($7.4B), and stocks (over $1.7B).
USDC
USDC-0.01%
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