40m ago
VanEck launches VBNB, the first U.S. spot BNB ETF with 0.39% sponsor fee
VanEck launched the VanEck BNB ETF (VBNB) on Thursday, positioning it as the first U.S. exchange-traded product intended to track BNB's spot price moves. The prospectus says the Nasdaq-listed shares are physically backed by BNB held in cold storage with Anchorage Digital Bank and charge a 0.39% sponsor fee. VanEck first filed for a BNB ETF in May 2025, while Grayscale is also pursuing approval for a spot BNB ETF; both filings exclude staking at launch but include conditional staking language.
40m ago
1h ago
South Korea’s DAXA orders exchanges to invalidate suspicious shared API keys
South Korea’s Digital Asset Exchange Alliance (DAXA) has rolled out a new compliance standard requiring local crypto exchanges to revoke API keys suspected of being shared or misused. The move comes as the Financial Supervisory Service says automated trading represents about 30% of domestic crypto turnover, prompting tighter monitoring steps such as IP whitelisting and mandatory re-authentication.
BTC
BTC-2.72%
1h ago
2h ago
Samsung affiliates to buy 4% of Upbit operator Dunamu for $408M on May 28
On May 28, Samsung Securities, Samsung SDS, and Samsung Card said they will jointly buy a 4% stake in Dunamu, the operator of South Korea's largest crypto exchange Upbit, for about 612.8 billion won ($408 million). The shares are being acquired from Kakao-affiliated funds at around 439,250 won per share, implying a Dunamu valuation of roughly 15.3 trillion won, with closing scheduled for June 19.
WLD
WLD-20.12%
2h ago