Samsung’s financial and tech arms are expanding their footprint in Korea’s crypto ecosystem by acquiring a combined 4% stake in Dunamu, the operator of Upbit. The purchase covers 1.39 million Dunamu shares held by Kakao affiliates for 612.8 billion won (around $408 million). Samsung Securities will take a 2% stake, while Samsung SDS and Samsung Card will each hold 1%. According to Yonhap News Agency and ZDNet Korea , the three affiliates approved the deal, underscoring a broader push by Samsung into Korea’s digital-asset landscape at a time when regulators are shaping a formal framework for tokenized securities and stablecoins. The investment sits alongside Samsung’s ongoing efforts to bridge regulated tokenized infrastructure with consumer crypto services, a trajectory reinforced by recent group activity in the space. In a broader strategic move, Samsung SDS is also tied to a separate blockchain initiative for Korea’s financial infrastructure. Earlier in May, Samsung SDS reportedly w...

Key Insights An XRP analyst predicts a correction followed by the commencement of a potentially explosive recovery stage. Crucial support regions in the range of $1.10 to $0.87 are under observation. The reclamation of the crucial $1.65 level could be confirmation of positive momentum in XRP. XRP Under Increasing Pressure in the Face of Market Volatility The crypto market is witnessing increased levels of uncertainty with Bitcoin failing to gain momentum and Ethereum struggling to remain at higher psychological levels of support. In this seesawing market sentiment between fears and optimism, XRP is being analyzed by many traders who feel that there is potential for a heavy decline in the price of XRP before it begins its recovery journey. https://x.com/CasiTrades/status/2059331252012941404 The recent downtrend in Bitcoin is clear from the fact that it is moving towards lower support levels, while Ethereum is struggling to hold itself above the important psychological level of ...

New settlement corridors aim to simplify enterprise treasury and stablecoin flows Orbital, a payment orchestration platform that integrates traditional and digital asset rails, has announced a partnership with Luxembourg-based Banking Circle to broaden its settlement footprint. The agreement adds client-named multi-currency virtual accounts for selected Nordic and Central European currencies and plans to extend coverage to Swiss franc and Australian dollar corridors. The move targets enterprises expanding in regions where local currency settlement has previously required pooled accounts or multiple banking relationships. Orbital’s platform combines fiat and stablecoin payments, and the Banking Circle tie-up is designed to give customers more direct access to local clearing schemes and named virtual IBANs in markets that have been harder to reach from a single provider. By routing fiat, FX and stablecoin flows through a single interface, Orbital says clients can improve settlement trans...

Polymarket has moved to ease a wave of regulatory uncertainty around its service by clarifying its stance on identity checks. The platform’s vice president of engineering, Josh Stevens, said there will be no mandatory KYC (Know Your Customer) requirements for the core Polymarket.com platform. Instead, a new beta product will require KYC access only during its early testing phase, after which no KYC will be required to use the main site. The clarification follows a report from The Information that Polymarket had considered imposing user verification amid mounting regulatory scrutiny. Stevens reaffirmed the distinction: identity checks are tied specifically to early access for a separate beta product, not to the established prediction market that underpins Polymarket’s main offering. Cointelegraph contacted Polymarket and Stevens for further comment but did not receive an immediate response. For context, the company has been navigating a broader regulatory landscape that has included wid...

Italy’s Banca Sella has completed the notification process required under the European Union’s Markets in Crypto-Assets regulation (MiCA) with the Bank of Italy, unlocking authorization to offer crypto-asset services. The institution asserts that it becomes the first Italian bank to be authorized to provide crypto-asset services under MiCA, with plans to roll out a custody, transfer, and receipt solution for digital assets in 2026 targeting selected customer segments. The Sella Group characterized the milestone as a meaningful step for Italy’s banking sector, providing a regulated entry point into digital assets amid a broader EU shift from crypto pilots to licensed custody, tokenized payments, and stablecoin infrastructure. The group notes that Banca Sella, the commercial bank of the Sella Group, operates nearly 300 branches and employs more than 2,400 people. Andrea Tessera, managing director of digital banking at Banca Sella, framed tokenization as a driver of a payments landscape t...

Tangem runs limited-time discount as app adds seed import and payment controls Tangem, the firm behind a contactless card-style hardware wallet, is combining a promotional push with a software update that brings new wallet import and spending-control features. The company is offering a limited-time deal — buy one Tangem wallet set and get a second at half price — alongside bonus bitcoin and an additional checkout discount. Separately, Tangem App version 5.38 adds a seed-phrase import flow, automatic token detection, Tangem Pay controls and new language support. What the promotional offer includes The promotion bundles a discounted second device, a small bitcoin credit and an extra percentage off at checkout. Specifically, customers who purchase one Tangem wallet set can add a second set at 50% off. Each set reportedly includes $10 in BTC, and an additional 20% discount is applied during checkout. Tangem has framed the offer as a way for buyers to set up a second card for a friend or fa...