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Crypto

Hanwha Investment & Securities increases Dunamu stake to 9.84 percent

Hanwha Investment & Securities said it decided to buy an additional 1,361,050 shares in Dunamu from Kakao Investment for about 597.8 billion won, representing a 3.90 percent stake. After the deal, its holding in Dunamu will rise to 9.84 percent from 5.94 percent. The company said it expects digital asset exchanges to expand beyond brokerage into custody, settlement and institutional services, and plans to strengthen related services and its value chain.

Crypto

Uphold says XRP demand is rising among retail and institutional investors

Uphold President Nancy Beaton (낸시 비턴) said investor interest in XRP is rising among both retail and institutional investors. She said retail investors are focusing on the potential to earn returns directly through lending features being prepared on the XRP Ledger, while institutions are watching a shift toward blockchain-based financial infrastructure and tokenised real-world assets. The proposed lending feature is not yet fully operational and faces validator approval hurdles.

Crypto

Exchanges push to cut fee reliance as digital asset results freeze

South Korean digital asset exchanges are accelerating efforts to diversify revenue as trading values fall and profitability weakens. The five biggest won-market exchanges logged $27.8 billion in trading from May 1 to 17, down from earlier months. Dunamu and Bithumb reported sharp first-quarter declines in revenue and operating profit, with trading fees accounting for nearly all sales. Exchanges are expanding partnerships, overseas ventures and Web3 infrastructure, while facing regulatory uncertainty.