OKX Pours $53M Into Coinone, Paxos Wins SEC Clearing Nod, Bessent Reaffirms No-CBDC Stance

Tech  OKX Pours $53M Into Coinone, Paxos Wins SEC Clearing Nod, Bessent Reaffirms No-CBDC Stance  OKX Ventures, the investment arm of the global exchange operator OKX, has agreed to acquire a 19.6% stake in South Korean crypto exchange Coinone for KRW 80 billion, or roughly $53 million. Korea Investment & Securities will commit an identical sum on the same terms, lifting the combined transaction value to about $106 million pending regulatory sign-off. The deal blends secondary share purchases from existing holders with newly issued equity, leaving Coinone CEO Cha Myunghun as the largest shareholder at 27.8% while Com2uS Holdings retains 25%. OKX and KIS will become joint third-largest investors as Coinone pivots toward stablecoins and tokenized securities.  The Coinone transaction caps an aggressive month of institutional capital flowing into Korea‘s regulated crypto venues. Three Samsung subsidiaries disclosed a combined $408 million injection into Upbit operator Dunamu for a 4% stake on Thursday, while Mirae Asset earlier moved to take 92% of rival exchange Korbit. KB Kookmin, Shinhan and NHN KCP have separately partnered with the Solana and Avalanche networks to pilot tokenized deposit and stablecoin rails. Senior OKX executives framed the Coinone tie-up as a bet on compliant infrastructure, signalling that Seoul’s strict

05-29

VanEck launches first U.S. spot BNB ETF on Nasdaq

Asset manager VanEck has launched the first U.S. exchange-traded fund offering spot exposure to BNB, further expanding its crypto ETF offerings.  The VanEck BNB ETF, trading under the ticker VBNB, began trading with shares backed by BNB held in cold storage through custodian Anchorage Digital Bank, according to the company. The fund carries a sponsor fee of 0.39% and is listed on Nasdaq.  The ETF gives investors exposure to BNB through traditional brokerage accounts without requiring them to buy or store the token directly. BNB is the native token of BNB Chain and is used to pay network transaction fees across the blockchain ecosystem.  VanEck said BNB Chain processes more than 14 million transactions per day and supports over 2.5 million daily active users. The firm also cited Artemis data showing the network holds more than $16 billion in stablecoins and $3.6 billion in tokenized real-world assets.  The launch follows amended filings from VanEck and Grayscale tied to proposed spot BNB ETFs.  Spot bitcoin ETFs launched in the U.S. in January 2024, followed later by spot ether ETFs. These have since seen their total net assets surge to $86.45 billion and $11.6 billion respectively, according to SoSoValue data. ETFs for other altcoins including SOL, DOGE,

05-29

DTCC Stellar Deal: XLM vs XRP Misconception Explained

Tech  DTCC Stellar Deal: XLM vs XRP Misconception Explained  DTCC‘s Stellar Move Is Not XRP’s Exit — It May Be the Start of a Multi-Chain Financial System  The between the Depository Trust & Clearing Corporation (DTCC) and the Stellar Development Foundation has sparked immediate debate in crypto circles, with some rushing to frame it as a shift toward “XLM over XRP” in institutional markets.  Realistically, this interpretation misses the bigger picture because DTCCs decision to enable tokenized DTC-held assets on the Stellar network does not necessarily signal that XRP or the XRP Ledger are being pushed aside.  Instead, analysts increasingly believe the move reflects the emergence of a broader multi-chain financial architecture where different blockchain networks serve different institutional functions.  DTCCs Blockchain Strategy Goes Beyond Stellar — Why XRP Still Matters  According to OpenFind founder Tom, the market has become on the May 27 Stellar announcement while overlooking the wider sequence of events surrounding DTCCs blockchain strategy.  The timeline tells a more complete story because on May 4, DTCC launched a that included Ripple participation. On May 12, DTCC adopted Chainlinks CRE standards to support cross-chain interoperability. Then on May 27, DTCC formally announced support for tokenized asset issuance on Stellar.  Therefore,, these developments point less to exclusivity and

05-29

Ethereum Breakdown Deepens: Can ETH Hold The Crucial $1,930 Lifeline?

Ethereum  Ethereum Breakdown Deepens: Can ETH Hold The Crucial $1,930 Lifeline?  Ethereum remains under heavy pressure after slipping below a major support level, reinforcing the growing bearish outlook across the market. With fear-driven sentiment increasing and sellers maintaining control, the $1,930 level has now emerged as the most critical support zone for bulls to defend to prevent a deeper decline.  ETH Structure Turns Bearish Below Key Support  According to a recent analysis shared by Mira Agent, ETH was trading around the $2,055 to $2,080 range at the time of the post, with the broader market structure continuing to show signs of weakness. Ethereums current setup is becoming increasingly important as bearish momentum gradually strengthens across higher timeframes.  Mira Agent explained that the 4-hour chart remains bearish after ETH lost the key $2,050 support zone. Adding to the negative outlook, the 200-day moving average has maintained a downward slope since May 21. Lower highs continue to form on the chart, while selling pressure keeps building as market sentiment remains fragile, with the Fear & Greed Index currently sitting at an extreme fear reading of 25.  Meanwhile, Miras AI confidence metric shows only 32% bullish probability at the moment. Key resistance levels to monitor are positioned at $2,050,

05-29

Ethereum news: Bit Digital (BTBT) bought ether first time since October before 15% decline

Ethereum treasury firm Bit Digital (BTBT) made its first ether (ETH) purchase since the October crypto market peak, but its already underwater on its acquisition as crypto prices are pulling back again.  The company said it bought roughly 8,568 ether (ETH) for $20 million on May 11, at an average price of $2,334 per token.  As ETH is currently trading near $1,980, the latest acquisition is already sitting on an unrealized loss of roughly $3 million, having gone down more than 15% over the past few weeks.  CEO Sam Tabar said the “timing reflects our view that market conditions had reset to a level consistent with our thesis.” In March, he argued on X that ETHs weakness reflected leverage unwinding rather than deteriorating fundamentals. He pointed to stablecoin settlement, tokenized assets and AI-related transactions as long-term demand drivers for the network.  Bit Digitals move stands out as most digital asset treasury firms have scaled back or stopped with their crypto accumulation plans over the past months. Falling crypto prices and widening discounts between their stock prices and underlying crypto holdings have pushed several firms to conserve cash, scale back buying or even sell assets to pay off debt.  The New York-based firm pivoted toward an

05-29

Ethereum Slips Under $2,000 as Bit Digital Adds 8,568 ETH and Standard Chartered Reaffirms $4,000 Target

Ethereum  Ethereum Slips Under $2,000 as Bit Digital Adds 8,568 ETH and Standard Chartered Reaffirms $4,000 Target  Bit Digital has lifted its corporate treasury to roughly 158,462 ETH after deploying $20 million into the market earlier this month, acquiring 8,568 tokens on May 11 at an average price of $2,334.25. The Nasdaq-listed firm now ranks as the fourth-largest public corporate holder of Ethereum, overtaking Coinbase Global, which sits near 151,175 ETH. CEO Sam Tabar described the buy as a deliberate step to reduce average acquisition cost and grow net asset value per share, anchored to a wider strategy spanning ETH accumulation, AI infrastructure and targeted acquisitions through its WhiteFiber subsidiary. Shares closed at $2.03, up roughly 35.5% over the past month.  The Ethereum Foundation is back at the center of a cultural debate inside crypto after eight high-profile departures since January 2026 and sharp criticism from veteran contributors. Detractors argue the Switzerland-based nonprofit, founded in 2014, has grown insular and slow to respond to a fiercely competitive blockchain landscape now dominated by layer-2 rollups and alternative settlement networks. Supporters counter that the foundation deliberately minimized its footprint to lift independent client teams and research groups. With Ethereum securing trillions in stablecoins, tokenized assets

05-29

BIS Project Agorá Shows Tokenized Payments Cut Settlement Risk

“The prototype also enhances transparency. All parties to a transaction have access to real-time payment status, while maintaining privacy from non-participating entities,” the BIS stated in the report, adding that, in the future, such visibility could be extended to end users, including debtors and creditors.  Participating central banks include the Banque de France representing the Eurosystem, the Bank of Japan, the Bank of Korea, the Bank of Mexico, the Swiss National Bank, the Federal Reserve Bank of New York via its New York Innovation Center and the Bank of England.  Earlier this month, the Bank of England proposed extending settlement hours for its RTGS and CHAPS systems as part of a broader push toward near-24/7 settlement.  Deputy Governor Sarah Breeden also said shared ledgers and tokenization could make payments and settlement faster and cheaper, with fewer intermediaries and shorter settlement windows.  Cointelegraph reached out to the BIS media team for comment on implementation timelines and governance plans, but had not received a response by publication.

05-29

Shiba Inu Traders Withdraw 204 Billion SHIB Amid Sharp Drop In Futures Activity

Tech  Shiba Inu Traders Withdraw 204 Billion SHIB Amid Sharp Drop In Futures Activity  Traders pulled over 204 billion SHIB tokens off exchanges in a single day, a 3.6% jump from the day before, even as demand for Shiba Inu futures contracts slid sharply.  Futures Flow Turns Negative  Data from Coinglass shows that futures outflows hit $5.6 million over the past 24 hours, outpacing inflows of $4.74 million. The net gap — roughly $865,790 in closed contracts — effectively removed 156.56 billion SHIB tokens from the futures market in one session.  Open interest, which tracks the total value of active futures positions, fell 6% to over $49 million over the same period. The 24-hour futures trading volume also slipped 0.88% to $78.6 million as activity across the derivatives market stayed thin.  The pullback in futures demand tracks with SHIB‘s price behavior over the past four days, during which the token has barely budged. The coin hasn’t moved more than 2% in either direction, leaving derivative traders with little reason to stay in.  Quiet Price, Slow Momentum  SHIB was trading at $0.00000553 at the time of writing, showing almost no change in the past day. Low price movement tends to push futures traders toward other assets, and that rotation

05-29

Trezor Adds USDC and USDT Yield to Suite, Targeting 2 Million Hardware Wallet Users

Tech  Trezor Adds USDC and USDT Yield to Suite, Targeting 2 Million Hardware Wallet Users  -based company Trezor integrated Morpho, a decentralized lending protocol running on Ethereum since 2022, to power the feature. Two vaults are available at launch: USDC Prime and Prime, both curated by Steakhouse, an independent yield strategy firm.  Users do not select the vaults themselves. Trezor evaluated options based on security and criteria and made the selection for them. The workflow runs entirely inside Trezor Suite. There are no browser extensions to install and no third-party wallets to connect.  Every deposit, withdrawal and reward claim is signed on the physical Trezor device. do not leave the hardware. Trezor says clear-signing is enabled for every on-chain interaction, translating contract data into plain language on the device screen before the user confirms. Clear-signing is available  et and access to yield, because getting yield meant connecting to something else,“ Susanka said. ”We have brought yield into the Suite environment, with every step signed on the device and translated into plain language before the user approves it.  The yield is sourced from borrowing activity on Morpho rather than from token incentive programs. Rates move with demand. When borrowing on the protocol is high, rates rise. When

05-29

Bitcoin Holds Near $73.5K as Whales Mirror 2022 Bear, $9B Options Expiry Looms

The reaction to ceasefire headlines exposed cryptos relative weakness in stark terms. Wall Street added roughly $350 billion in market capitalization within fifteen minutes of news that US and Iranian negotiators had agreed on a 60-day memorandum of understanding to extend the current truce, with the framework requiring Tehran to clear mines from the Strait of Hormuz within 30 days. Bitcoin moved the opposite direction, sliding more than 3% on the day and retesting $72,500 for the first time in six weeks, triggering $342 million in liquidations for leveraged longs. The proposed deal still awaits final approval from President Trump and senior Iranian leadership.  A broader macro shift is also drawing fresh attention from researchers tracking sovereign reserve flows. Iran‘s acceptance of Bitcoin for oil shipping tolls passing through the Strait of Hormuz, alongside US dollar-pegged stablecoins and Chinese yuan, signals the emergence of alternative settlement mechanisms outside the traditional dollar system. Gold has simultaneously overtaken US dollar assets in global central bank reserves, with demand remaining strong despite a 20% retreat from January’s roughly $5,600 per ounce all-time high. Supporters argue Bitcoins neutral, confiscation-resistant properties position it alongside gold as nation-states diversify away from dollar exposure, though follow-on outperformance has

05-29
1
...
270272
...
1000