Samsung Affiliates Pay $408 Million for Upbit Operator Stake, Closing June 2026

Compare the best sportsbooks available across multiple countries for FIFA World Cup 2026 betting, including Dexsport, Cloudbet, Stake, Vave, Bet365, and more.

The post Samsung Securities Acquires 2% Stake in Upbit Parent Dunamu appeared on BitcoinEthereumNews.com. Key Highlights Samsung Securities will invest nearly $204 million to acquire a 2% stake in Upbit parent company Dunamu. Upbit currently controls over 80% of South Korea’s crypto exchange market and reportedly serves more than 10 million users. The deal comes as South Korea expands crypto regulation and opens the door for greater institutional participation in digital assets. Upbit:- In a major crypto acquisition update, Samsung Securities has announced plans to acquire a 2% stake in Dunamu. Dunamu is the parent company of South Korea’s largest cryptocurrency exchange Upbit. According to local reports and company disclosures, Samsung Securities approved the investment through a board resolution. It will invest approximately 306.3 billion won (around $204 million) to purchase nearly 697,000 shares in Dunamu. The transaction values Dunamu at approximately 15.3 trillion won, or roughly

Samsung's investment in Dunamu could solidify Upbit's dominance in South Korea's crypto market, potentially paving the way for a Dunamu IPO. The post Samsung invests $408 million in Korea’s largest Bitcoin exchange parent company Dunamu appeared first on Crypto Briefing.

Samsung Securities, SDS and Card will buy 4% of Dunamu as Korean firms prepare for tokenized securities and stablecoin frameworks.

Three Samsung affiliates — Samsung Securities, Samsung SDS, and Samsung Card — announced on May 28 the combined acquisition of a 4% stake in Dunamu, the operator of South Korea’s dominant crypto exchange Upbit, for approximately 612.8 billion won or $408 million — the latest in a growing wave of South Korean financial institutions racing to secure strategic positions inside the country’s most valuable digital asset company. Related Reading: Worldcoin’s FOMO Rally Cracks After On-Chain Activity Explodes The shares will be purchased from a group of Kakao-affiliated funds including Kakao Investment and Kakao Ventures, at a per-share price of approximately 439,250 won — a valuation implying Dunamu’s total corporate worth at approximately 15.3 trillion won, or roughly $11.1 billion, per Wu Blockchain and Korea Times. Samsung Securities will acquire a 2% stake, while Samsung SDS and Samsung Card will each take 1%, with the transaction scheduled to close June 19, per Korea Times. Three Affili

Samsung's investment in Dunamu signals a strategic shift towards integrating blockchain and digital finance, potentially reshaping Korea's fintech landscape. The post Samsung trio to acquire $408 million stake in crypto giant Dunamu from Kakao appeared first on Crypto Briefing.

South Korea's export growth highlights the pivotal role of semiconductors in global trade, signaling robust AI infrastructure investment trends. The post South Korea exports set to rise for 12th straight month as chip boom reshapes global trade appeared first on Crypto Briefing.

The post XRP Price Prediction for June 2026: Is a Bear Trap Forming? appeared on BitcoinEthereumNews.com. XRP price trades at $1.28 heading into June as $227.10 million in short liquidation leverage stacks against $118 million in fresh May ETF inflows. The setup creates two opposing forces. A symmetrical triangle pattern points to a downside break, but accumulation behavior and crowded shorts hint at a possible June squeeze. Whether XRP price snaps higher or breaks the triangle defines the next move. XRP Hits Its Best ETF Inflow Month of 2026 But Still Closes May in Red May 2026 marks XRP’s strongest ETF inflows month of the year. US XRP spot ETFs logged $118.29 million in net inflows per SoSoValue. That is higher than April’s $81.59 million and a full reversal from March’s $31.16 million outflow. XRP Spot ETF Monthly Flows: SoSoValue Yet XRP price is closing May down 6.19% with two days left. The disconnect highlights how ETF flows alone do not drive XRP when historical seasonality cu