Hana Financial to acquire 6.55% stake in Upbit operator Dunamu for $668M
The purchase makes Hana Financial the fourth-largest shareholder in Dunamu, following several crypto-related deals in the last two months, as it dives deeper into the digital assets sector.
Signal hints it could leave Canada over lawful access bill
Signal’s vice president of strategy said the firm “would rather pull out of the country” than comply with Bill C-22, which could threaten end-to-end encryption.
Australia’s proposed CGT changes could discourage long-term crypto holding
Robin Singh, CEO and founder of Koinly said the changes will hurt low-income crypto investors most and could encourage more short-term trading.
Bullish shares dip on Q1 earnings miss, $605M loss
Bullish stock dropped in trading with the crypto exchange’s first-quarter earnings miss, adding to the crypto companies that have underperformed in the quarter.
Strategy’s STRC hits record $1.5B trading volume
Strategy has leaned on Stretch to fund Bitcoin buys over the past 12 months as funding through senior convertible notes and at-the-market equity offerings has tightened.
Kraken joins LayerZero exodus as it switches to Chainlink CCIP
LayerZero has come under scrutiny since it was exploited in April, as crypto protocols reevaluate their cross-chain providers and seek safer alternatives.
Gemini reports 42% revenue growth after expansion into financial services
Gemini credit card revenue surged nearly 300% to $14.7 million in Q1, attributed to significant growth in its user base.
Crypto data company Dune cuts 25% of staff in restructuring
Dune co-founder and CEO Fredrik Haga says the company’s staff cuts come as it shifts focus and is “all-in” on AI and institutional interest in crypto.
Strive rallies 5.8% as it clears debt in Q1, unveils daily dividends
Strive reported a net loss of $265.9 million for Q1, which it attributed to the fall in market value of its Bitcoin holdings, but saw its shares on its move to pay SATA holders dividends every business day starting in June.
UK politician Nigel Farage bought $1.8M house after a $6.7M crypto gift
The news follows growing calls from UK lawmakers and government officials to curb or temporarily ban crypto political donations in the country.