President Lee Jae-myung’s rise to South Korea’s highest office marks the return of a left-leaning populist with deep working-class roots and bold plans for institutional crypto integration. Though crypto was not directly mentioned in Lee’s inauguration speech on June 4 after the impeachment of his predecessor, Yoon Suk Yeol, Lee now leads the country with…
The cryptocurrency market continues to navigate choppy waters as global economic factors create ripple effects across digital assets. Cardano’s native cryptocurrency, ADA , demonstrated resilience, forming a V-shaped recovery pattern after finding strong support at $0.684 with significant buying volume overnight, according to CoinDesk Research’s technical analysis model. This recovery comes amid broader market uncertainty…
India-serving but Singapore-based crypto exchange WazirX is moving its operations to Panama after local courts declined to approve the firm’s restructuring plan. In an email sent to its users, WazirX shared recent redacted legal documents outlining the move. One of the documents revealed that WazirX’s parent company, Zettai, will move to Panama and rebrand. “Zettai…
Australia’s anti-money laundering regulator, AUSTRAC, enacted a series of measures for crypto ATM providers to clamp down on scammers using the devices to target the elderly. AUSTRAC is putting a $5,000 limit on crypto ATM cash deposits and withdrawals, requiring operators to enhance their customer due diligence obligations, include scam warnings and monitor transactions, CEO…
The growing convergence of blockchain and artificial intelligence could see the decentralized physical infrastructure network (DePIN) market soar past $3.5 trillion in the next three years, according to the World Economic Forum (WEF). DePIN merges blockchain technology with community-owned physical infrastructure to create decentralized networks where participants can contribute resources in exchange for cryptocurrency. “Currently…
Semler Scientific (SMLR) continues its bitcoin acquisition strategy, purchasing 185 BTC for $20 million, or an average purchase price of $107,974 each, in the ten days ended June 3. This latest investment brings the company’s total holdings to 4,449 BTC, valued at approximately $467 million based on bitcoin’s current price just above $105,000. The company’s…
Binance has identified and moved to restrict the use of bots exploiting Alpha, its early-access token distribution system, the exchange said on June 4. In a post, Binance said it had “recently detected certain groups using bots to participate in Alpha activities, which undermines the fairness of the Binance Alpha Points program.” It added that…
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX,…
Cryptocurrency hackers are moving away from exploiting smart contract vulnerabilities and targeting users through social engineering schemes, Web3 cybersecurity company CertiK said. More than $2.1 billion has been stolen in cryptocurrency-related attacks so far in 2025, with the bulk of losses coming from wallet compromises and phishing attacks, according to CertiK. Crypto phishing attacks are…
A bold bet on BlackRock’s spot bitcoin ETF (IBIT) crossed the tape Tuesday, suggesting expectations for a “moonshot” or rapid price surge in the world’s largest publicly listed fund by month-end. On Tuesday, a trader picked up 3,000 contracts of the IBIT $77 strike call option expiring on June 27, according to data source Barchart.com….