The breach occurred as Upbit’s parent company, Dunamu, sealed a $10 billion acquisition deal with Naver and plans an initial public offering in the US.
Altcoins News

The term “altcoin” refers to any cryptocurrency that has launched since Bitcoin (BTC). In the early days of Bitcoin, developers forked the open-source code to create new currencies. Over time, these Bitcoin alternatives began to diverge further from their progenitor with different supply schedules and privacy features. These include Litecoin (LTC) and Zcash (ZEC), among others.
Along with altcoins came a plethora of Bitcoin–altcoin trading pairs that produced a surge in market activity, with traders leveraging the volatility of these crypto assets for high-risk rewards.
The rise of altcoins and their respective blockchain networks marks an era of experimentation and maturation within the crypto industry, as a wider range of use cases of the technology have become possible.
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Ripple’s dollar-backed stablecoin secures a major regulatory win as Abu Dhabi allows licensed firms to use RLUSD inside its international financial center.
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Two new XRP ETFs absorbed 80 million tokens on launch as the price formed a bullish flag after hitting resistance at $2.20.
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Animoca Brands’ founder, Yat Siu, anticipates that the crypto industry will not have a one-winner “takes all” scenario like the internet era in the early 2000s.
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The former UFC champion tried to launch his own celebrity memecoin, REAL, in April, but the project failed to gain traction.
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S&P Global Ratings downgraded Tether’s USDt to its lowest stability rating, raising concerns over its dollar peg. Tether classified the report as “misleading.”
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Bitcoin and select altcoins have started a recovery, but higher levels are likely to attract solid selling by the bears. Is $100,000 BTC's next stop?
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Fiat currency inflation, US dollar shortages and global competition are prompting the government to integrate cryptocurrencies.
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Despite Ether’s drop below $3,000, data suggested that ETH price could see a sustained recovery over the next few weeks, as long as the $2,800 support level holds.
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Santiago Roel Santos argues that crypto lacks true network effects and is overpriced as a result, but other experts counter that L1 network effects are present.
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Polygon’s co-founder said even small merchants and drivers recognized MATIC, but many struggle to locate POL since the token’s rebrand.
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The Trump family-backed WLFI purchased nearly $8 million worth of tokens, aiming to mitigate the downtrend of the token by artificially reducing the outstanding supply.
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Bubblemaps shared blockchain data indicating that team-related wallets had purchased 30% of the token supply, but Edel’s co-founder said the acquisition was part of its token rollout plans.
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Naver Financial plans to acquire Dunamu in a $10.3 billion stock-swap deal, issuing 87.56 million new shares and making the crypto giant a wholly owned subsidiary.
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Spain’s Sumar party reportedly wants to raise crypto taxes to 47%, classify all digital assets as seizable and introduce a “risk traffic light” system.
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