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The South Korean National Tax Service has developed a $2.2 million AI system to track cryptocurrency transactions and hunt down tax evaders.

1 hours ago

May 11 — South Korea’s National Tax Service (NTS) is developing an AI system with a budget of roughly $2.2 million to monitor crypto transactions and target tax evaders. Slated for completion by late 2026, the system will combine exchange transaction records with blockchain data to flag suspicious activity (including money laundering, undeclared gifts, and offshore tax evasion) and extend monitoring to non-custodial wallets. The NTS is currently coordinating with the top five centralized crypto exchanges (CEXs) — Upbit, Bithumb, and three others — to finalize implementation details, with final tax guidelines also slated for release by late 2026. A survey from South Korea’s Financial Services Commission (FSC) found the country has over 11 million verified crypto investors, though growth has slowed: the growth rate of tradable crypto accounts fell from 25% in H1 2024 to 3% in H2 2024.
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Tokenized Gold Q1 Trading Volume Reaches $90.7 Billion, Surpassing Full-Year Total for 2025

May 11th — CoinGecko data reveals tokenized gold spot trading volume reached $90.7 billion in Q1 2026, surpassing the full-year 2025 total of $84.64 billion. This signals surging market demand: crypto investors are gravitating to this standout asset class, while tokenized gold has grown more accessible across trading platforms. Notably, centralized exchanges (CEX) account for the bulk of tokenized asset spot trading. As of now, tokenized gold spot volume fluctuates monthly, reflecting high sensitivity to market conditions. For example, in October 2025—when gold prices hit a new all-time high—volume skyrocketed to $21.38 billion, more than three times September’s $6.73 billion, before dipping to $14.07 billion in November. Like tokenized commodities market cap trends, PAXG and XAUT dominate tokenized gold spot trading. During the period, PAXG held 34.2% to 82.5% of monthly volume, while XAUT accounted for 14.8% to 64.6%. Over the past 15 months, their average monthly spot volum

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Matrixport withdrew 8,300 ETH from Binance, worth approximately $19.38 million

May 11th: Matrixport withdrew 8,300 ETH from Binance in the past hour, per Onchainlens monitoring—valued at roughly $19.38 million.

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KOSPI Index in Seoul Rises by 4.32%, SK Hynix and Samsung Electronics Up by 11.5% and 6.33%

May 11 — Driven by the artificial intelligence (AI) boom, South Korea’s stock market surged on Monday, according to data from Bitget. The KOSPI index closed up 4.32% at 7,822.2 points, hitting a new all-time high. It has gained over 18% so far this month. Among key stocks, SK Hynix rose 11.5%, while Samsung Electronics climbed 6.33%.

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Laundering: TrustedVolumes Attacker Has Laundered $278,000

On May 11, PeckShield monitoring revealed the TrustedVolumes attacker’s activities: depositing 10.2 ETH (valued at approximately $23,600) into Tornado Cash; using THORChain to swap 110 ETH for BTC via a cross-chain transaction (totaling roughly $250,000 in involved funds); and attempting to deposit 0.5 ETH into Railgun before reversing course and withdrawing the funds.

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A whale opened a short position for 4,991 shares of SNDK with 10x leverage, with a value of approximately $8 million.

On May 11, per Onchainlens monitoring, trader Loracle.hl (@loraclexyz) opened a 10x-leveraged short position on 4,991 SNDK shares—valued at roughly $8 million—that’s currently up over $172,000. The trader also still maintains a 5x-leveraged short position on HYPE worth $52 million, with total current gains topping $38 million.

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Capital B has announced the completion of a €15.2 million financing round to accelerate its Bitcoin treasury reserves company strategy

On May 11, Capital B announced it has secured a €15.2 million funding round from global institutional investors, with strategic backers Adam Back and TOBAM joining the round to expand its Bitcoin reserve firm’s strategic footprint.

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