Hana Bank has acquired a 6.55% stake in Dunamu, the operator of South Korea’s 
largest crypto exchange, Upbit. The deal marks one of the clearest signs yet 
that major Korean banks are moving deeper into digital assets. Kakao Sells 
$670M Dunamu Stake to Hana Bank Hana Bank has agreed to acquire a significant 
stake in […]

Hana Bank Buys 6.55% of Upbit Parent Dunamu in $670M Crypto Push

XRP is experiencing a significant price retracement after being rejected at 
$1.55. So far in May, the altcoin’s price movement has been unstable, with 
each gain followed by a prominent dip, yet it has formed an ascending 
trendline. XRP finds itself in a similar situation as prices have corrected by 
over 7% in the past three days. Notably, the market analysis page, MCO Global, 
has shared some insights on this situation, discussing the altcoin’s potential 
to sustain its trendline or be exposed to major downside targets. Related 
Reading: XRP Leverage Expansion Raises Risks Near $1.50 Resistance – A Big 
Move May Follow XRP Recovery Hinges On Pivotal $1.40 Support In an X post on 
May 15, analysts from MCO Global have highlighted the key short-term price 
levels in the present XRP market structure. Given the volatile action over the 
past two weeks, experts concur that market participants are nervous about 
price direction. However, amid this choppy price action, XRP has maintained an 
important micro-support zone around $1.40. Using Elliott Wave theory, the 
recent retest at this level aligns with wave B, when the market forms a 
temporary corrective bounce before initiating the final leg of the correction 
in wave C. Therefore, as long as the price stays above $1.40, MCO Global 
analysts predict a high likelihood of another surge towards $1.55-$1.58. In a 
more bullish scenario, they project that XRP could break above this resistance 
zone and extend its rally to $1.67, representing a potential 16.7% gain from 
current levels. On the other hand, a break below $1.40 would force an 
immediate drop to $1.37. If this price floor fails to hold, XRP traders could 
anticipate a decline to another key support at $1.30, which aligns with the 
lower trendline of a forming symmetrical triangle. Related Reading: Why The 
$65,000 Region Is Important As Bitcoin Gears Up To Face Massive Resistance At 
These Levels XRP Market Overview At the time of writing, XRP trades at $1.43, 
reflecting a 3.68% decline in the last 24 hours. Meanwhile, daily trading 
volume is down 42.36% to $2.38 billion. However, the altcoin shows a slight 
0.98% gain on its monthly chart, indicating that some new entrants remain in 
profit. According to the MCO Global analysts, the present XRP market structure 
is “highly corrective and unstable.” Amid this prevailing uncertainty, holding 
above the $1.40 support level remains crucial to sustaining any bullish 
momentum. With a market cap of $88 billion, XRP remains the fifth-largest 
cryptocurrency. Featured image from Pexels, chart from Tradingview

XRP Price Could Return To $1.55 But Only If This Crucial Support Holds

The temporary tariff reduction may ease trade tensions, fostering potential 
long-term negotiations and impacting global tech supply chains.
The post China and US agree to slash tariffs for 90 days, dropping levies from 
145% to 30% appeared first on Crypto Briefing.

China and US agree to slash tariffs for 90 days, dropping levies from 145% to 30%

Political instability may lead to shifts in leadership and policy direction, 
impacting Israel&#8217;s domestic and international relations.
The post Israeli coalition calls for early elections amid conscription dispute 
appeared first on Crypto Briefing.

Israeli coalition calls for early elections amid conscription dispute

Dalio&#8217;s warning highlights the urgent need for strategic diplomacy to prevent 
global instability as power dynamics shift between the US and China.
The post Ray Dalio warns US is losing credibility as China gains power 
appeared first on Crypto Briefing.

Ray Dalio warns US is losing credibility as China gains power

A $75 million loan backed by nearly half a billion dollars worth of a 
company&#8217;s own tokens is now at the center of a Senate push to get regulators 
involved in the Trump family&#8217;s crypto operations. The Loan That Raised 
Questions World Liberty Financial, the crypto project tied to US President 
Donald Trump and his family, reportedly used around $440 million worth of its 
WLFI governance tokens as collateral to borrow money through Dolomite, a 
decentralized lending platform. Related Reading: XRP Records Biggest Spike In 
Network Usage In 2 Months The transaction produced roughly $65 million in the 
company&#8217;s own USD1 stablecoin and another $10 million in USDC. What made the 
deal stand out was the timing. Regular investors who held WLFI tokens were 
still locked in — blocked from selling — while the transaction went through. 
Shortly after, the token&#8217;s price dropped nearly 10% to a record low. Senator 
Elizabeth Warren sent a letter to SEC Chair Paul Atkins on May 14 asking the 
agency to look into whether World Liberty Financial misled investors or broke 
securities laws tied to the WLFI token. Warren set a response deadline of May 
26. WARREN ASKS SEC TO INVESTIGATE WORLD LIBERTY FINANCIAL Senator Elizabeth 
Warren (@SenWarren) sent a letter to SEC Chair Paul Atkins (@SECPaulSAtkins) 
on Thursday, urging the agency to investigate whether World Liberty Financial 
(@worldlibertyfi), the Trump family&#8217;s crypto… pic.twitter.com/q9usPJxD6n — 
BSCN (@BSCNews) May 14, 2026 The Crypto Issue: A Lopsided Structure The 
senator&#8217;s concerns go beyond the loan. According to reports, Trump-affiliated 
entities stand to collect 75% of all WLFI token sale proceeds after expenses. 
The investors who bought those tokens, by contrast, faced strict restrictions 
on when they could sell. Warren&#8217;s letter cited reports that the company raised 
close to $715 million through token sales, while the Trump family&#8217;s total 
crypto-linked wealth connected to the project reportedly crossed $1 billion. 
The Trump family currently holds roughly 22.5 billion WLFI tokens through an 
entity called DT Marks DEFI LLC. Warren has been pushing for tighter investor 
protections as Congress reviews broader digital asset rules under the proposed 
CLARITY Act, one of the largest crypto-focused bills in US history. Warren&#8217;s 
Political Moves Fall Short During a recent CLARITY Act markup session, Warren 
introduced amendments specifically targeting the Trump family&#8217;s involvement in 
crypto markets. Related Reading: Is Zcash The Next Bitcoin? Investors Rush 
Into The Privacy Coin Narrative Those amendments were voted down along party 
lines. The broader debate over crypto regulation continues, with the Warren 
letter adding pressure on the SEC at a moment when the agency is navigating 
both political crosswinds and calls from the industry for clearer rules. 
Whether Atkins, who is widely viewed as friendly to the crypto sector, will 
take formal action remains to be seen. Featured image from Unsplash, chart 
from TradingView

Hana Bank Buys 6.55% of Upbit Parent Dunamu in $670M Crypto Push

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