Fresh US ETF launches and Coinbase’s Hyperliquid deal helped fuel HYPE’s rally this week, but technicals warn of a possible pullback. HYPE, the native token of decentralized exchange Hyperliquid, jumped more than 23% in the past 24 hours, climbing toward $47 on Friday to hit its highest level since October 2025. HYPE/USDT daily chart. Source: TradingView Read more
OKX is reportedly seeking a 20% stake in South Korean crypto exchange Coinone as foreign and domestic firms compete for market access. Global crypto exchange OKX is reportedly in talks with Korea Investment & Securities to take a major stake in Coinone, marking the latest shakeup in South Korea’s tightly regulated crypto exchange market. According to a Friday report by Korean media outlet Yonhap, the two firms are discussing plans to each acquire around 20% of Coinone, mainly through the issuance of new shares rather than the sale of existing stock, a structure that would inject fresh capital while initially leaving management control largely unchanged. In early April, Korean media reported that Korea Investment & Securities was reviewing a possible acquisition of a stake in Coinone as part of a broader push into digital assets, and that no final decision had been made. Read more
The purchase makes Hana Financial the fourth-largest shareholder in Dunamu, following several crypto-related deals in the last two months, as it dives deeper into the digital assets sector. Major South Korean financial conglomerate Hana Financial is buying a stake in Dunamu, the operator of the crypto exchange Upbit, in its latest venture into the digital assets sector, amid a broader trend of traditional financial institutions wading into the digital assets market. In a regulatory filing on Friday, Hana Financial announced it is buying more than 2.2 million shares in Dunamu, or roughly 6.55% of the company, from investment firm Kakao Investment, worth over 1.003 trillion Korean won ($668 million). Hana Financial’s 6.55% stake from Kakao makes it the fourth-largest Dunamu shareholder. South Korean outlet The Chosun Daily reported last September that major shareholders of Dunamu include its chairman Song Chi-hyung with 25.5%; Vice Chairman Kim Hyoung-nyon with 13.1%; Kakao with 10.6% and Woori Technology Inves...