Aave Labs’ Push received FCA approval for “certain cryptoasset activities” in the UK, supporting its plans for regulated stablecoin on- and off-ramping. Aave Labs' UK subsidiaries, Push Labs Ltd. and Push Virtual Assets Ltd., known together as Push, received Financial Conduct Authority (FCA) cryptoasset registration as cryptoasset exchange providers under the UK’s current Anti-Money Laundering regime. The registration was obtained for “certain cryptoasset activities” and supports the decentralized finance (DeFi) company's plans to build regulated stablecoin on- and off-ramping infrastructure in the country, Aave said Thursday. Aave Labs’ Push describes itself as a “simple way to move between Euros and stablecoins,” according to its homepage. The FCA’s online registry shows that the London-headquartered firm has been registered with the regulator since May 12. Read more
Samsung Securities, SDS and Card will buy 4% of Dunamu as Korean firms prepare for tokenized securities and stablecoin frameworks. Samsung Securities, Samsung SDS and Samsung Card will acquire a combined 4% stake in Dunamu, the operator of South Korean crypto exchange Upbit, in a deal that expands Samsung affiliates’ exposure to the country’s digital asset market, local media reported. The three Samsung affiliates held board meetings on Thursday and approved the purchase of 1.39 million Dunamu shares held by Kakao affiliates for 612.8 billion won ($408 million), according to local reports from Yonhap News Agency and ZDNet Korea. Samsung Securities will acquire a 2% stake, while Samsung SDS and Samsung Card will each acquire 1%. The investment extends Samsung’s digital asset push weeks after Samsung SDS reportedly won a contract to build South Korea’s blockchain-based securities platform, placing Samsung affiliates across both regulated tokenized securities infrastructure and private-sector crypto exchange an...
ETH's price has entered a decisive breakdown stage of its prevailing technical pattern, indicating further declines toward $1,750 despite strong retail sentiment. Ethereum's native token, Ether (ETH), slipped below $2,000 for the first time since March, but retail traders have not reacted with panic yet. Key takeaways: As of Thursday, "buy the dip" calls on social media were surging after ETH lost the key psychological support level, according to data resource Santiment. Read more
US spot Bitcoin ETFs have turned negative year-to-date with $596 million in outflows as IBIT posted near-record withdrawals and Bitcoin fell below $75,000. BlackRock’s spot Bitcoin exchange-traded fund (ETF) posted its second-largest daily outflow on record as US Bitcoin funds extended an eight-day redemption streak during a sharp pullback in the cryptocurrency to below $75,000. BlackRock’s iShares Bitcoin Trust (IBIT) saw $527.8 million in net outflows on Wednesday, helping push total withdrawals from US spot Bitcoin ETFs to $733.4 million for the day, according to data from Farside Investors. The outflows marked IBIT’s second-largest daily loss since launch, slightly below the fund’s record $528.3 million outflow on Jan. 30, 2026. Read more
An unknown entity burned $8.5 million worth of Bitcoin after 12 years of holding, rendering the BTC unspendable, despite its price increasing by 12,700%. An unknown entity burned 107 Bitcoin, worth about $8.5 million at the time, effectively removing them from spendable circulation and sparking numerous theories after holding the funds for over 12 years. On Monday, five Bitcoin (BTC) addresses sent a total of 107 BTC to the old burn address starting "11111," rendering them provably unspendable, according to onchain data shared by Galaxy Research in a Wednesday X post. The transfer brought the total amount of Bitcoin sent to the burn address to 807 BTC, worth about $59 million at press time, according to blockchain data platform Arkham. Read more