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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
Read full articleSamsung'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.
Sequans' exit from Bitcoin holdings refocuses its resources on IoT growth, potentially enhancing its market position and financial stability. The post IoT company Sequans to sell remaining 658 Bitcoin as it exits digital asset treasury 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.
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.
Worldcoin’s latest rally drew a sharp increase in on-chain activity, with whale transactions, active addresses and new wallet creation all surging as WLD briefly climbed above $0.408 to an 11-week high. The move has since reversed, with live market data showing WLD back near $0.31 after a double-digit 24-hour drop, making the rally look increasingly FOMO-driven rather than a clean trend shift. Santiment’s chart tracks WLD price action against three network indicators: whale transactions, daily active addresses and network growth. According to the firm, whale transactions rose to 64 in 24 hours, the highest level of 2026. Active addresses jumped to 1,309, the second-highest reading of the year, while network growth reached 379 new wallets in 24 hours, also the highest level of 2026. Why Has Worldcoin Rallied And Dumped? That combination is notable because the activity did not come from one segment alone. Whale transactions point to large-holder movement, active addresses capture broader
Nvidia's strategic focus on South Korea strengthens its semiconductor supply chain, enhancing AI capabilities and ensuring stable growth. The post Nvidia CEO Jensen Huang to visit South Korea next week appeared first on Crypto Briefing.
The regulator filed alongside the crypto exchange to undo a 2025 consent order it now says "should not have been filed."
