South Korea's Financial Services Commission is reviewing whether K Bank's indirect ownership of approximately 6.55% of Dunamu shares constitutes a violation.
On May 18, South Korea’s Financial Services Commission (FSC) Virtual Asset Department is reviewing whether KEB Hana Bank’s acquisition of Kakao Investment violates the "Financial and Virtual Asset Separation" rule. KEB Hana indirectly holds roughly 6.55% of Dunamu—the parent company of crypto exchange Upbit.
The FSC has clarified that it applies the same review standards to indirect investments, stressing the rule has not been relaxed. The deal could be scrapped if it is deemed non-compliant.
The separation rule has been enforced via administrative guidance since 2017 to insulate financial institutions from virtual asset risks. Currently, no specific law codifies the rule, but it may be incorporated into South Korea’s upcoming digital asset legislation.
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How to Value the Future of Human Civilization? SpaceX On-Chain Pricing Significantly Higher Than Traditional Financial Institutions
On May 18, reports confirmed Elon Musk’s SpaceX is in the final preparation stages for its Nasdaq debut, with a potential pricing date as early as June 11 and an official listing set for June 12. Musk has made clear he will not sell any personal shares in the company, retaining full control via SpaceX’s super-voting share structure.
Earlier this year, Musk outlined SpaceX’s core mission at the World Economic Forum: “Our goal in founding SpaceX is to safeguard the future of human civilization—ensuring consciousness never fades. We’re like a tiny candle in the vast dark, working to extend life and consciousness beyond Earth: to the Moon, Mars, and eventually other galaxies.” He emphasized that consciousness and life are fragile, and humanity has no proof of extraterrestrial life, so life is almost certainly unique to our planet. That makes multiplanetary survival non-negotiable: if disaster strikes Earth, humanity and its consciousness can keep thriving. That’s SpaceX’s entire purpose.
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Trader 'Loracle' Fingers Top Short AI New Star CBRS, Profits Nearly $2 Million, Partially Takes Profits
May 18 update: Per Coinbob’s Telegram-based Popular Address Tracker, leading Hyperliquid trader “Loracle” pulled in nearly $2 million in gains by shorting CBRS (Cerebras)—marketed as “NVIDIA’s strongest AI challenger”—during the latest market sell-off. Starting yesterday morning, Loracle has been systematically taking profits on this CBRS short: his position size has dropped from $11.3 million to $6.47 million, with an unrealized profit of $1.52 million (a 40% return).
To recap context: Cerebras (CBRS), the AI startup pegged as NVIDIA’s top rival, rallied sharply on its Nasdaq debut last week—prompting Loracle to open a short position on the stock.
Earlier, after Mizuho Securities raised its buy-target price, Loracle established an $8 million short position on SNDK. He’s now locking in partial profits here too, trimming the position to $5.1 million, with an unrealized gain of $0.85 million (a 57% return).
As of press time, both short positions on these two U.S. stocks are stil
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Upbit will list TRAC KRW, BTC, and USDT trading pairs
On May 18, Upbit will list TRAC, offering trading pairs against KRW, BTC, and USDT.
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Jupiter Strategic Reserve Trust Fund has increased its holdings by approximately 315,000 JUP, bringing the total position value to around $24.43 million.
May 18: The Jupiter Strategic Reserve Trust Fund—often jokingly dubbed the "Litterbox Trust" by the Jupiter community—added 315,152 JUP to its holdings yesterday, worth roughly $61,000. So far this month, the fund has accumulated 8,392,832 JUP in open-market purchases, totaling approximately $1.64 million. Its cumulative JUP buys now stand at 124,554,971 tokens, coming out to about $24.43 million overall.
For background: The Jupiter Strategic Reserve Trust is Jupiter’s official on-chain treasury. It automatically receives 50% of all revenue generated by the Jupiter Protocol and uses a smart contract to continuously acquire and hold JUP tokens on the open market.
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Rare Accuracy! Tom Lee's New Year Script "Wash Up, Market Down" Has Been Half Fulfilled
Federal Reserve Chair Powell’s term officially concluded on May 15. A day prior, the U.S. Senate confirmed Wash’s nomination as Fed Chair by a narrow 54-45 vote.
What stands out most: On Wash’s first day in office, the mid-term upward trends of both the U.S. stock market and Bitcoin hit a synchronized stop. The S&P 500 index, which peaked at 7501 on May 14, immediately pulled back afterward. Bitcoin, meanwhile, couldn’t break through the $82,000 mark on May 15 and reversed direction, experiencing several sharp declines in recent days—currently trading just barely above $77,000.
Though Tom Lee, Chairman of BitMine, has been mocked for his repeated "brain-dead bullish" calls on cryptocurrency since taking his post, this so-called "Wall Street Oracle" has already seen half of his forecast come true. On January 8 this year, Lee told CNBC in an interview that 2026 would be a year of "joy, depression, and rally," similar to 2025. He noted the market would at times feel like it’s tipping in
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