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The post XRP Tops on Upbit as South Korea’s “Big 4” to Acquire $670M Stake in Dunamu appeared on BitcoinEthereumNews.com. Hana Financial Group on Friday said it will acquire a 1 trillion won ($670 million) stake in Dunamu, operator of South Korea’s largest crypto exchange Upbit, through its subsidiary Hana Bank, South Korea’s “Big 4” bank. XRP surpasses BTC in trading volume on XRP Upbit amid the major announcement. South Korea’s Hana Bank to Buy $670 Million Stake in Upbit Operator Dunamu South Korea’s Hana Financial Group on May 15 decided to buy a stake in the country’s top crypto exchange operator Dunamu for 1 trillion won ($670 million). It marks the largest-ever investment by a bank into a crypto exchange operator. On the same day, Hana Bank’s board of directors resolved to acquire 2,284,000 shares of Dunamu held by Kakao Investment. With the acquisition, Hana Bank will secure its position as the fourth-largest shareholder with a 6.55% stake in Dunamu. “This equity investment is
Read full articleGlobal crypto exchange OKX is in discussions to acquire approximately a 20% stake in Coinone, one of South Korea’s five licensed crypto exchanges, according to a May 15 report by Yonhap News Agency — a move that would mark OKX’s most significant strategic foothold in one of Asia’s most active digital asset markets. Related Reading: […]
Intel, along with Taiwan and South Korea, are the latest winners, our columnist says. True diversification is hard to find.
XRP surged to intraday highs near $1.55 on renewed optimism. Senate Banking Committee approved the Digital Asset Market Clarity Act in a 15-9 vote. XRP price could target a breakout as the market cheers the regulatory milestone. XRP price rose to near $1.55 on Friday as the cryptocurrency market cheered the Senate Banking Committee’s passage […] The post XRP nears $1.50 as Senate crypto vote and whale buying fuel fresh optimism appeared first on CoinJournal.
XRP’s largest holders have pushed their combined balances to the highest level in nearly eight years, according to on-chain analytics firm Santiment, as the token tests the upper end of a recent trading range near $1.50. Santiment said wallets holding at least 10 million XRP now control 45.83 billion tokens, valued at roughly $68.5 billion based on the price level referenced in its update. The firm described the move as a whale-led push, noting that those wallets now hold 68.5% of XRP’s supply. “XRP is teasing a $1.50 market value, and whale wallets are leading the charge,” Santiment wrote on X. “Wallets with at least 10M XRP now hold a combined 45.83B XRP tokens ($68.5B USD), the most they’ve held since May, 2018. This translates to 68.5% of the coin’s supply.” Why This Is A Crucial Moment For XRP Price The $1.50 area has drawn additional attention because it lines up with a key technical zone on the daily chart. Crypto analyst Cheds Trading described the move as an “XRP bounce into r
Large XRP holders are continuing to accumulate even as the market remains sensitive to regulatory developments.
The post Bitcoin (BTC) Surges Past $82K as Senate Clarity Act Vote Boosts Crypto Sentiment appeared on BitcoinEthereumNews.com. Quick Overview Bitcoin surged to $82,000 following Senate Banking Committee approval of the Clarity Act with a 15-9 vote BTC subsequently retreated to $81,500 but maintained a 2.5% daily gain Major stock indices including S&P 500 and Nasdaq 100 reached fresh record highs as market risk appetite increased Coinbase jumped 8% and Strategy gained 7% as cryptocurrency-related equities rallied on positive regulatory developments Technical analysts identify $79,400 as critical support level for continued upward momentum toward $84,000–$85,000 Bitcoin experienced a significant rally to $82,000 on Thursday following the Senate Banking Committee’s decision to advance the Clarity Act, a comprehensive digital asset regulatory framework that has been highly anticipated by the cryptocurrency industry. The measure secured bipartisan support with a 15-9 vote, including backin
The post The $100 roadblock – Why Solana’s ETF inflows couldn’t shatter the range highs appeared on BitcoinEthereumNews.com. A recent AMBCrypto report found that Solana [SOL] had rallied 10x what Bitcoin [BTC] had rallied at one point in May. The reason behind this outperformance was a combination of growing institutional support for SOL and strong spot ETF inflows. As a result, the SOL/BTC hike measured 9%, indicating a greater risk appetite among Solana buyers. And yet, despite the good performance, the altcoin has faced losses over the past three days. Tokenized stock activity and ETF inflows were not enough to drive the prices higher. SOL faced rejection from just below the psychological $100-resistance on Monday, 11 May. Hence, the question – Is this a temporary roadblock, or have the bulls pushed SOL as far as it would go? The range formation and cautious Solana outlook Source: SOL/USDT on TradingView In March, Solana broke the $94 local high but stopped short of the $100-mark, f
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.
