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Dunamu Q1 profit drops 78% but $669M Hana Financial deal proceeds anyway
Dunamu recently disclosed a 78% year-on-year decline in operating profit for the first quarter of 2026. The company recorded 88 billion won ($60 million) due to reduced trading volumes affecting fee revenue. Even with the drop in revenue, Hana Financial Group confirmed a 1 trillion won ($669 million) acquisition of a 6.55% stake in Dunamu,...Cryptopolitan
Sat, May 16
Hyperliquid ramps up Washington lobby as Wall Street applies regulatory pressure
Jeff Yan, the cofounder and CEO of Hyperliquid, revealed on May 15 that he and the Hyperliquid Policy Center, the protocol’s independent research and advocacy organization, met with policymakers in Washington as the ClARITY Act advances through Congress. The revelations come the same week CME Group and Intercontinental Exchange (ICE) reportedly urged U.S. regulators to...Cryptopolitan
Sat, May 16
Solana Eyes $117 Breakout — If Bulls Can Crush This Key Resistance
The Solana price has struggled to shake off its early-year woes despite a slightly improved general market climate in recent weeks. After falling from a nearly $150 valuation in the first quarter of 2026, the altcoin has been stuck within a consolidation range between $75 and $100 over the past few ...NewsBTC
Sat, May 16
Crypto ATM Giant Bitcoin Depot Warns Of Possible Collapse
Bitcoin Depot had roughly 220 machines running in Canada when the Canadian government released its Spring Economic Update in April, proposing a nationwide ban on crypto ATMs to combat scammers and money launderers. The timing could not have been worse for the company. A Company Running Out Of Room T...Bitcoinist
Sat, May 16
Tether Faces Calls To Block $344 Million in USDT Linked To Terror Activity
A Jerusalem family that lost relatives in a 1997 Hamas suicide bombing is among the plaintiffs pushing a US federal court to order Tether to hand over hundreds of millions in frozen digital currency. The case, filed in Manhattan, could set a significant legal precedent for how courts treat centraliz...Bitcoinist
Sat, May 16
XRP Price Could Return To $1.55 But Only If This Crucial Support Holds
XRP is experiencing a significant price retracement after being rejected at $1.55. So far in May, the altcoin’s price movement has been unstable, with each gain followed by a prominent dip, yet it has formed an ascending trendline. XRP finds itself in a similar situation as prices have corrected by ...NewsBTC
Sat, May 16
XRP Records Over 400M In Binance Withdrawals Since May 3 — What’s Happening?
The XRP market has seen a notable shift in large holders’ activity. Analyst Amr Taha, in a recent CryptoQuant post, highlights the implications of this changing dynamic and how it might affect the altcoin’s price. Related Reading: The CLARITY Act Is Not The Only Win For XRP, Here Are Oth...Bitcoinist
Sat, May 16
Russia lawmakers push to legalize P2P trade, expand digital asset net to TRX and SOL
Russian authorities may permit the quite popular peer-to-peer trading of cryptocurrencies under the country’s upcoming rules for digital-asset transactions. This is one of several proposals aimed at liberalizing the restrictive draft law currently under review, which also includes expanding the list of greenlighted coins. Russian lawmakers push for liberal crypto regulation Legalizing peer-to-peer (P2P) crypto...Cryptopolitan
Sat, May 16
Crypto Crime Crackdown Escalates As Myanmar Targets Scammers With Execution
Americans lost more than $11 billion to crypto-related fraud last year, according to an FBI report released in April — and the pressure on governments across Southeast Asia to crack down has only grown since then. A Deadly Business Myanmar’s military government has now responded with one of th...Bitcoinist
Sat, May 16
Warren Zeroes In On Crypto Deal Structure As $75M Loan Draws Attention
A $75 million loan backed by nearly half a billion dollars worth of a company’s own tokens is now at the center of a Senate push to get regulators involved in the Trump family’s crypto operations. The Loan That Raised Questions World Liberty Financial, the crypto project tied to US Presi...NewsBTC
Sat, May 16
Bitcoin Exchange Supply Remains At 8-Year Lows: Bullish Sign?
On-chain data shows the Bitcoin exchange reserves have been at 8-year lows for the past month despite the recovery that the asset has witnessed. Bitcoin Supply On Exchanges Has Been Flat Recently As highlighted by on-chain analytics firm Santiment in an X post, Bitcoin and Ethereum have differed in ...Bitcoinist
Sat, May 16
XRP Records Biggest Spike In Network Usage In 2 Months
Failed transactions on the XRP Ledger climbed sharply this week alongside a burst of new user activity, as on-chain data pointed to a wave of participation that accompanied the token’s latest price recovery. Wallets Running Toward 8 Million Total activated accounts on the XRP Ledger reached 7,...NewsBTC
Sat, May 16
South Korea To Unveil Tokenized Securities Rules In July As Crypto Regulation Advances
South Korean authorities are set to release detailed rules for the issuance, infrastructure, and distribution of tokenized securities, as the country advances its efforts to implement crypto market regulations in 2027. Related Reading: Bank Of England To Ease ‘Overly Conservative’ Stablecoin Rules A...Bitcoinist
Sat, May 16
Bitcoin Monthly Structure Signals Continuation Of Major Historical Trend
Bitcoin’s long-term price structure is once again drawing attention, as the asset continues to follow a powerful historical pattern on the monthly timeframe. Despite short-term volatility and shifting market sentiment, the broader trend suggests BTC may still be tracking well-established cyclical be...Bitcoinist
Sat, May 16
Bitcoin Power Law Forecasts Price Bottom Of $42,800 – Details
Bitcoin’s price performance in the last week saw a slowdown to the asset’s relief rally that began in early April. According to data from CoinMarketCap, the market price declined by 1.45% in a range-bound week, during which bulls failed to overcome a key resistance level at $82,000. Notably, the cur...NewsBTC
Sat, May 16
Crypto Industry Watches As Poland Advances Long-Delayed Regulatory Bill
Poland’s prime minister has tied the country’s repeated failure to pass crypto rules to a high-profile fraud case — a charge that added urgency to a parliamentary vote that had already failed twice before. Related Reading: Crypto Analytics Firm Dune Axes 25% Of Employees Amid Strategic O...Bitcoinist
Sat, May 16
ZachXBT Claims LAB Insiders Control 95% After $6 Billion Crypto Pump
Crypto On-chain investigator ZachXBT has escalated his accusations against LAB, alleging that insiders likely control more than 95% of the token’s supply after a rally that pushed its fully diluted valuation to roughly $6 billion. The claims center on opaque private loans, OTC deals, changing vestin...Bitcoinist
Sat, May 16
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