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Hana Bank Buys 6.55% of Upbit Parent Dunamu in $670M Crypto Push

Coins Legend May 16, 2026 0

Hana Bank has acquired a 6.55% stake in Dunamu, the operator of South Korea’s largest crypto exchange, Upbit. The deal marks one of the clearest signs yet that major Korean banks are moving deeper into digital assets. Kakao Sells $670M Dunamu Stake to Hana Bank Hana Bank has agreed to acquire a

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MiCA Decoded: Thinking a CASP License Covers Payments, Perps or Futures is a Major Mistake

Coins Legend May 16, 2026 0

Most founders pursuing a MiCA license assume they are solving their EU regulatory problem. They are solving part of it. The rest depends on which services they actually offer. MiCA Decoded is a 12-article weekly series for Bitcoin.com News, co-authored by LegalBison’s Co-Founding and Managing Directors: Aaron Glauberman, Viktor Juskin and Sabir Alijev. LegalBison advises

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Bit Digital Posts $146M Q1 Loss as Ethereum Treasury Tops 155,000 ETH

Coins Legend May 16, 2026 0

Bit Digital reported a $146.7 million quarterly loss as lower ether prices weighed on its balance sheet, while the company continued expanding its ethereum treasury and AI infrastructure strategy. The firm now holds more than 155,000 ETH and is increasingly shifting away from bitcoin mining. Bit Digital Expands ETH Treasury to $327M, Staking Income Declines […]

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Coinbase Co-Founder Meets with US and Venezuelan Officials in Major Investment Push

Coins Legend May 16, 2026 0

Ersham has reportedly been meeting with Venezuelan officials, floating possible investments in the energy and fintech sectors. He recently appeared in a tech event hosted by Banco de Venezuela, promoting the nation’s potential to become the “best country in Latam.” Coinbase’s Fred Ersham Shows Interest in Venezuela’s Economic Recovery Potential While Venezuela has been

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OKX Targets South Korea Entry With Proposed 20% Coinone Investment

Coins Legend May 16, 2026 0

OKX and Korea Investment & Securities are reportedly in talks to acquire stakes in South Korean crypto exchange Coinone. The move could mark a major step in the opening of Korea’s tightly regulated digital asset market to global players. OKX Explores Strategic Coinone Role as South Korea Rethinks Crypto Rules Global crypto exchange OKX is […]

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Entain Directly Targets Premier League Clubs Citing ‘Cryptocurrency Reliance’ in Sponsor Ban

Coins Legend May 16, 2026 0

Entain General Counsel Simon Zinger has written directly to six Premier League clubs, urging them to commit to UK-licensed gambling sponsors only for the 2026/27 season, citing Stake’s “heavy reliance on cryptocurrency” and BJ88’s use of “unregulated payment methods like cryptocurrency to evade financial oversight” in letters reported by SBC News today. Entain’s General

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Strategy to Repurchase $1.5B in Notes, Says Bitcoin Sales Could Fund Deal

Coins Legend May 16, 2026 0

Strategy plans to repurchase about $1.5 billion of convertible notes, with the final price tied partly to its stock performance. The filing also lists bitcoin sales as a possible funding source, renewing focus on its treasury strategy. Strategy Details $1.5 Billion Convertible Note Repurchase Plan On May 15, Strategy Inc. (Nasdaq: MSTR) announced on X […]

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XRP Ledger Activity Jumps as Price Tests $1.55, Large Wallets Set Record

Coins Legend May 16, 2026 0

XRP Ledger activity climbed as XRP cleared $1.54, with Santiment reporting 48,453 active wallets and the strongest network growth reading since March. The surge pointed to renewed participation as price momentum returned. XRP Ledger Activity Rises as Price Tests $1.55 The XRP Ledger posted its strongest 24-hour activity since March after XRP moved above $1.54 […]

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Powell Named Temporary Fed Chair Until Warsh Takes Oath

Coins Legend May 16, 2026 0

Jerome Powell will remain Federal Reserve chair on a temporary basis as Kevin Warsh waits to take the oath. The board used a chair pro tempore designation after Warsh’s Senate confirmation left the leadership transfer unfinished. Powell Holds Temporary Fed Post as Warsh Awaits Oath The Federal Reserve Board announced on May 15 that Jerome […]

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Tokenized Assets Could Reach $1.6T by 2030, Binance Research

Coins Legend May 16, 2026 0

Binance Research said tokenized assets could reach $1.6 trillion by 2030 as institutions test blockchain-based financial products. U.S. Treasury products, gold-backed commodities, and tokenized public equities remain key areas of adoption. Tokenized Markets Move Toward Wider Adoption Binance Research published a report on May 15 that framed tokenization as a growing bridge