Author: James Wilson

North Korean hacking groups have been tied to most major crypto exchange attacks in South Korea since 2018, while billions of dollars in suspected illicit crypto flows have also moved through the country’s financial system. Summary Crystal Intelligence linked North Korea’s Lazarus Group to six of nine major South Korean crypto exchange attacks since 2018, with confirmed thefts exceeding $120 million.  South Korean authorities identified $7.1 billion in illegal crypto transactions between 2021 and August 2025, with $6.4 billion tied to the Hwanchigi laundering network. Pig butchering scams targeting South Koreans caused $70.6 million in losses during 2025, while regulators…

Bitget Wallet has appointed former Uber executive Jack Zhai as Head of the Americas as the company pushes to expand its self-custodial wallet business across the region. Summary Bitget Wallet has hired former Uber executive Jack Zhai to lead expansion efforts across the Americas. The company said its wallet platform now serves more than 90 million users as it pushes deeper into on-chain payments and self-custodial finance tools. Zhai joined Bitget after holding growth roles at Uber, NewsBreak, PIN AI, and Hooked Protocol. According to a statement shared with crypto.news, Zhai will oversee regional partnerships, user growth, and expansion efforts…

Upbit will end trading support for NKN on June 15, removing the NKN/BTC pair from its platform.  Summary Upbit will end NKN/BTC trading on June 15, giving users until July 16 to withdraw funds. NKN trades near $0.0075 with market capitalization around $6 million, according to CoinGecko today data. The delisting adds pressure on a token already down about 99.5% from its all-time high. Wu Blockchain reported the notice on May 14, citing Upbit’s official announcement. Users must withdraw their NKN by July 16. After that deadline, withdrawals may no longer be processed. The move gives holders about one month…

BitGo Holdings reported $3.77 billion in first-quarter revenue, up 112.6% from $1.77 billion a year earlier.  Summary BitGo’s Q1 revenue rose 112.6%, helped by digital asset sales and stablecoin service adoption growth. Net loss widened to $60.7 million as Bitcoin treasury marks and IPO compensation weighed results. Crypto.news coverage shows BitGo entered public markets as stablecoin and custody demand grew this year. The result marked the crypto infrastructure firm’s first quarterly earnings update since its January public listing on the New York Stock Exchange. The company said digital asset sales remained its main revenue driver. That unit generated about $3.66…

Coinbase CEO Brian Armstrong has backed the latest version of the Digital Asset Market Clarity Act before the Senate Banking Committee’s Thursday markup.  Summary Armstrong says latest CLARITY Act draft has stronger bipartisan footing before Thursday Senate markup vote. Stablecoin yield compromise allows activity-based rewards while banning passive payments for simply holding tokens alone. HarrisX poll shows 52% support CLARITY Act, while 11% oppose passage before Thursday’s markup vote. His comments mark another shift in the long-running debate over U.S. crypto market rules. Armstrong said the bill is now in its strongest position after months of talks between lawmakers, banks…

The copper gold ratio has broken above its 200-day moving average for the first meaningful time since September 2020. Summary The ratio now stands at 0.00142, with copper at $6.65 per pound and gold near $4,700 per ounce, up 25% from its recent lows. Previous surges in 2013, 2017, and 2021 aligned with the early stages of major Bitcoin price cycles. The correlation between Bitcoin and the ratio has rebounded sharply from near negative 1.0, suggesting the relationship is beginning to strengthen. The copper gold ratio is a closely watched macro signal measuring the relative strength of copper, an industrial…

AI Layer-2 token Matchain MAT surged 349% in a single session as speculative capital rotated into small-cap altcoins. Summary Matchain is a BNB Chain zk-rollup focused on decentralised identity and AI-driven advertising infrastructure, with a market cap under $3 million. The move coincided with CryptoQuant’s Bull-Bear Market Cycle Indicator turning bullish on May 12 for the first time since March 2023. The Altcoin Season Index stands at 35 as of May 2026, still well below the 75-point threshold that signals a genuine market-wide rotation. Matchain is an AI-powered zk-rollup blockchain built on BNB Chain that focuses on decentralised identity, data…

Parliamentary standards watchdog formally launched a probe into Nigel Farage over an undeclared £5M gift tied to crypto donations. Summary Parliamentary Standards Commissioner Daniel Greenberg has opened a formal inquiry into whether Farage breached the Commons Code of Conduct. The £5M came from Christopher Harborne, a Thailand-based investor who holds a 12% stake in Tether and has given over £22M to Reform UK. The UK government banned political crypto donations in March 2026 after the Rycroft Review warned that digital assets could channel foreign money into elections. The investigation centers on a £5 million payment Farage received from Christopher Harborne…

Animoca-backed NUVA has launched a marketplace connecting $19 billion of tokenized assets from Figure Technologies to Ethereum’s DeFi markets. Summary NUVA debuts with a Treasury-linked yield vault and a token tied to Figure’s $18B home equity credit portfolio. Users deposit stablecoins into vaults and receive ERC-20 tokens that can be traded or used as DeFi collateral. CEO Anthony Moro says the platform fills a gap in global distribution for institutional-grade blockchain assets. NUVA, developed by Animoca Brands and Nuva Labs, is now live on Ethereum, giving retail and institutional users access to real-world asset products that previously sat on the…

Yellow Network chairman Alexis Sirkia says the CLARITY Act is the structural reset U.S. crypto has waited for. Summary Sirkia argues the bill creates the first navigable framework around classification, jurisdiction, and compliance for crypto firms. Years of regulatory uncertainty pushed builders to Dubai and Singapore, and the CLARITY Act could reverse that flow if it passes. Success, Sirkia says, means founders launching U.S. products without fear of retroactive enforcement years down the line. The CLARITY Act is moving faster than at any point in its legislative history. The Senate Banking Committee released a new 309-page draft on May 12,…