'Trump Trade' Has Bitcoin Eyeing $70,000 Even as Gold Hits New High
Bitcoin is surging as confidence in risky assets grows, driven by election bets on a pro-crypto Donald Trump win and ETF demand
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Kelo, LayerZero, Arbitrum and DAO Custody
From a misconfigured bridge to seized assets on Arbitrum, the Kelp–LayerZero fallout lays bare how quickly “non-custodial” systems revert to human discretion under stress.
OKX in Talks to Acquire ~20% Stake in South Korea's Coinone
Korea Investment & Securities is in parallel discussions to buy an equal share, as financial firms rush to consolidate South Korea's smaller exchanges before a new 20% ownership cap takes effect.
Hana Financial Pays $670 Million for 6.5% Stake in Upbit Parent Dunamu
The deal makes South Korea's Hana Financial the fourth-largest shareholder in Dunamu and comes with an MOU covering won-backed stablecoins, blockchain remittances and a joint wealth management product, while handing Kakao a roughly 300x return on its original investment.
Gemini, Bullish Report Q1 Earnings as Crypto Exchanges Pursue Markets Buildout
Both exchanges grew adjusted revenue year-over-year and posted large GAAP losses driven by non-cash items, while signalling deeper moves into derivatives, tokenization and agentic trading.