Manta co-founder confirms Superfortune security incident involving token unlocks. Manta is investigating & will update. Superfortune's GUA token down 75.8% to $0.3044. Superfortune is an incubated project by Manta.

#crypto #blockchain #news

Polymarket denies mandatory KYC, citing beta product testing. VP of Eng. Josh Stevens states claims are inaccurate. KYC is only for a select group of trial users in a new beta product testing phase. No existing Polymarket site requires KYC. The requirement will be removed after testing.

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Argentina is tightening regulations on crypto exchanges with a new bill targeting gambling addiction & online betting. Virtual asset providers are now under regulatory oversight for the first time.

The law prohibits financial institutions, fintechs, & crypto exchanges from servicing unlicensed gambling platforms in Argentina. Penalties of 2-4 years imprisonment await those facilitating illegal operations.

Exchanges must implement stricter KYC, due diligence, & transaction monitoring. Inter-agency coordination (Central Bank, CNV, etc.) will block access & financial flows to illicit sites.

#Nostr #Argentina #Crypto #Regulation #Gambling

Samsung Securities is acquiring a 2% stake in Dunamu, the operator of prominent crypto exchange Upbit, for ~$204 million. This investment, valued at ~$10.2 billion for Dunamu, aims to boost Samsung Securities' digital asset business. Shares are being sold by Kakao entities. Hanwha Investment & Securities also previously invested in Dunamu at a similar valuation.

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Trend Research, an investment firm, has completely sold off its holdings of UNI and COMP tokens. The firm realized a total loss of $40.29 million from these trades. Trend Research had acquired UNI at an average of $9.5 and COMP at $49.3 last July. The recent divestment saw UNI sold at around $3.3 and COMP at approximately $19.4.

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SOL Spot ETFs saw a modest net inflow of $557,200 on May 27th, with the VanEck Solana ETF (VSOL) being the only contributor. This brings VSOL's total historical net inflow to $18.80M. Total net assets for all SOL spot ETFs are currently $963M, with SOL at 1.99% of net assets. Cumulative historical net inflow for SOL spot ETFs has reached $1.132B.

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BIS & partners launching real-value testing for #ProjectAgora, a digital cross-border payment initiative. Involves 7 central banks (incl. Fed NY, ECB, BoJ, BoE) & 40+ regulated institutions (JPMorgan, UBS, Deutsche Bank).

Prototype uses "unified ledger" on #blockchain for near-instant, "atomic" interbank transfers. Existing AML & sanctions checks remain.

BIS sees #tokenization as key to fixing wholesale payment inefficiencies. Bank of Canada joins, more private firms expected. #CentralBankDigitalCurrency #CBDC #Fintech #Payments

Pump.fun sent $8.32M in SOL to Kraken. This is part of their strategy to move fee revenue to exchanges. Since Jan 2024, Pump.fun has sold ~4.54M SOL in fees, worth ~$791M, averaging $174/SOL.

#crypto #blockchain #news

United Texas Bank (UTB) is now a Wall Street crypto competitor after receiving a national charter from the OCC. This makes UTB one of the first banks to get this charter since the Dodd-Frank Act 15 years ago. CEO Scott Beck says this gives them federal licenses & direct Fed payment system access, putting them on par with major banks. UTB already handles ~$10B in monthly crypto settlements and has launched an AI payment network (UTB Atomic) & compliance platform (UTB Prism Sentinel) for 24/7 crypto liquidity. A digital asset custody & trust services division is planned for summer.

#crypto #blockchain #news

Whale wakes up! 🐳 Crypto holder, dormant for 2 years, just moved ~7M in ETH (3,466 ETH) to Kraken. Onchain Lens reported the big transfer from a long-inactive wallet. 👀 #crypto #ETH #whales #Kraken

Falcon Finance partners with Anchorage Digital for new GENIUS-compliant stablecoin, fUSD. Backed by U.S. Treasuries, cash, & repos. Anchorage will manage collateral & enforce AML/KYC. This offers a regulated alternative to Falcon's existing synthetic stablecoin, USDf. fUSD to be deployed as collateral in Ceffu's MirrorRSV solution. #stablecoin #crypto #finance #regulation

Trump's CFTC stance won't stop prediction market legal fights, says TD Cowen. Jaret Seiberg explains that federal courts, not regulators, will decide if Congress can override state sports betting laws for event contracts. States have the edge, and the Supreme Court could take 2+ years to rule. Trump's comment was likely to defend CFTC Chair Heath Tarbert after a NYT probe, not a policy shift. The core issue: federal vs. state law on sports betting's impact on event contracts, now up to the judiciary.

#crypto #blockchain #news