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South Korean crypto exchange Upbit announced it will list Bithree (B3) on its KRW market at 4:45 a.m. UTC today.

In a webinar attended by over 200 investment advisors, 51% indicated they plan to allocate assets to cryptocurrency within the next six months, Bitwise Chief Investment Officer (CIO) Matt Hougan stated on X. He noted that in the past six years of conducting webinars for advisors, the highest response rate to the same question was in the low 20% range. Hougan acknowledged that the more positive response could be attributed to the webinar's specific topic of in-kind transfers for crypto ETPs. However, he added that they have covered various topics over the past six years and the response has never come close to 51%.

South Korea's stock market has surpassed Canada's to become the seventh largest in the world. The total market capitalization of South Korean listed companies has surged 71% this year to $4.59 trillion. In comparison, Canada's market capitalization rose approximately 7% to $4.5 trillion. The Korea Composite Stock Price Index has gained more than 70% this year, while the Toronto Stock Exchange Composite Index, the benchmark for Canada's resource- and financial-heavy stock market, has risen only 7%.

A 20-year-old man involved in a social engineering ring that stole over $250 million in cryptocurrency has been sentenced to six and a half years in prison, federal prosecutors in Washington, D.C. announced on May 6. Marlon Ferro, who operated online under the alias "GothFerrari," pleaded guilty to Racketeer Influenced and Corrupt Organizations (RICO) conspiracy charges in October 2025. The organization operated from late 2023 to early 2025 with bases in California, New York, and Florida, stealing crypto from victims through database hacking, impersonation calls, money laundering, and home invasions. Ferro's role was to physically steal cold wallets that could not be accessed remotely. In February 2024, he broke into a victim's home in Texas and stole approximately 100 BTC, worth over $5 million at the time. Ferro used the stolen funds to purchase over $255,000 in luxury goods. He also converted stolen crypto into cash to pay for the ringleader's legal fees after the leader's arrest in September of that year. In addition to the prison sentence, the court ordered three years of supervised release and $2.5 million in restitution.

Social media sentiment toward BTC has reached its highest level in four months, according to Santiment. The analytics firm noted that for every one bearish comment, there are now 1.37 bullish ones, indicating that the recent rebound in BTC's price has shifted investor sentiment in a positive direction.

A newly created anonymous address spent 34.7 ETH ($81,400) to purchase 375,046 SATO, netting a profit of $443,000, Lookonchain reported. The price of the Ethereum-based memecoin has surged by more than 400% in the past 24 hours.

Blockchain security firm Beosin reported via X that approximately $5.87 million stolen from TrustedVolumes has been converted to ETH. The funds are now split between two addresses, holding 1,291.07 ETH and 1,222.12 ETH, respectively. Blockaid previously analyzed that the attack exploited a vulnerable smart contract and suggested the perpetrator may be the same hacker behind last year's 1inch exploit.

Global credit rating agencies S&P and Moody's questioned major South Korean banks and financial firms about their perception of and readiness for the digital asset market during regular meetings in March and April, The Herald Business reported. S&P reportedly asked about the potential risks and opportunities for banks as South Korea moves to introduce a CBDC and stablecoins, and what core strategies the banks are preparing in response. Moody's is understood to have included questions assessing digital asset capabilities in its preliminary questionnaire for the first time this year.

U.S. Ethereum spot ETFs recorded net inflows of $11.52 million on May 6, marking the fourth consecutive day of positive flows, according to data compiled by Trader T. - BlackRock's ETHA: +$2.07 million - Fidelity's FETH: -$580,000 - Grayscale Mini ETH: +$10.03 million

A governance proposal from World Liberty Financial (WLFI), a DeFi project linked to the Trump family, to postpone token unlocks and burn 10% of the supply has passed with 99.9% approval, representing approximately 11.2 billion votes. The vote ran from April 30 to May 7. The measure applies to roughly 62.282 billion WLFI allocated to early contributors, founders, the team, and advisors. Tokens held by parties who do not agree to the new terms will be locked indefinitely. Under the new schedule, the tokens will begin to unlock in two years and will be fully released in the fifth year. The proposal had previously sparked centralization concerns, as the top four WLFI-holding addresses control about 40% of the total voting power. WLFI is currently trading at $0.06682, according to CoinMarketCap.

U.S. spot Bitcoin ETFs recorded net inflows of approximately $45.85 million on May 6, marking the fifth consecutive day of positive flows, according to data compiled by Trader T. - BlackRock's IBIT: +$134.13 million - Fidelity's FBTC: -$38.95 million - Bitwise's BITB: -$25.18 million - Franklin Templeton's EZBC: -$7.05 million - Grayscale's GBTC: -$17.10 million

South Korea's crypto industry has asked financial authorities to reconsider a plan to expand the country's Travel Rule to cover all transactions, including those under one million won (about $740). Currently, the rule, which requires sender information to be verified, applies only to transfers of one million won or more. According to The Herald Business, 27 domestic Virtual Asset Service Providers (VASPs) submitted a joint opinion on the matter through the Digital Asset eXchange Alliance (DAXA) on April 29. The proposed amendments would require customer verification from both sending and receiving operators for any deposit or withdrawal request. The new rules would also mandate that operators must reject any transaction if they fail to receive the required customer verification information.

Two Bitcoin whale addresses sold a total of 2,521 BTC, worth $205.26 million, approximately seven hours ago, Lookonchain reported.

South Korean crypto exchange Bithumb has signed a comprehensive memorandum of understanding (MOU) with SSID, a subsidiary of Vietnam's largest securities firm SSI Securities, to pursue a local virtual asset exchange business, Newsis reported. The two companies plan to cooperate on the overall establishment and operation of the exchange, including: - Technical architecture and development - Wallet and custody systems - Security and risk management - Regulatory support and knowledge transfer - Business and product development - Institutional business

Lookonchain reported via X that HyperLabs deposited 400,000 HYPE, worth approximately $17.34 million, to Bybit and OKX over the past 11 hours. The firm had unstaked 421,879 HYPE, worth around $18.08 million, two days ago. Deposits to exchanges are generally interpreted as a precursor to selling.

John Bollinger, the creator of the Bollinger Bands, announced on X that his BTC trend model turned positive yesterday. He added that, as a result, his strategy portfolio, the Tactica program, is now fully allocated to BTC with no cash holdings.

South Korean crypto exchange Bithumb has announced the addition of EdgeX (EDGEX) to its won market.

Liquidity provider TrustedVolumes has been exploited for approximately $5.87 million through a vulnerable smart contract, Web3 security firm CertiK reported. The attacker is understood to have gained authorization by using a publicly callable function to transfer funds from the victim's wallet. In a related analysis, Blockaid suggested that the attack was likely carried out by the same hacker who exploited a 1inch vulnerability in March of last year, resulting in $5 million in losses. "However, this attack exploited a different vulnerability related to a custom RFQ swap proxy managed by TrustedVolumes," Blockaid explained. TrustedVolumes serves as a liquidity provider for 1inch.

ZetaChain (ZETA), a Layer 1 blockchain project focused on AI interoperability, announced it has integrated xAI's latest model, Grok 4.3, into its proprietary AI layer. Grok 4.3 features upgraded performance in agent tool calling and instruction following, and supports a 1 million token context window. ZetaChain stated that through its Anuma platform, users can run the same prompt on multiple AI models simultaneously and compare the answers instantly, all without switching tabs or creating new accounts.

U.S. real estate investor Grant Cardone announced that he has added $100 million in BTC to a $235 million income-producing real estate investment. According to CoinDesk, he explained that the strategy combines income-generating real estate and BTC into a single LLC structure to target higher returns than traditional REITs. Cardone said the structure is designed to capture both the stable cash flow from real estate and the upside potential of BTC, with expected annual returns between 22% and 32%. Cardone Capital's total BTC exposure is now approximately $200 million.

The Pudgy Penguins token deployment address transferred 100 million PENGU to multiple exchanges, including OKX, about six hours ago, according to EmberCN. This was part of a larger outflow of 137 million PENGU, worth approximately $1.5 million. Following the move, the price of PENGU fell from $0.01147 to $0.0106.

Aave announced that it has completed the liquidation of the remaining rsETH position from the Kelp DAO hacker. According to The Block, the liquidated collateral has been moved to "Recovery Guardian," a multisig wallet managed by the hacking victim relief fund DeFi United. The funds will be used to compensate affected users and recover the rsETH collateral. Previously, Kelp DAO suffered a loss of approximately $292 million from a hack that exploited a vulnerability in a LayerZero-based bridge. At the time, the hacker minted 116,500 uncollateralized rsETH and swapped it for ETH on platforms including Aave and Compound.

According to CoinNess market monitoring, BTC has fallen below $81,000. BTC is trading at $80,998.49 on the Binance USDT market.

An address believed to belong to Paradigm Capital deposited 11,615 ETH ($27.29 million) to FalconX about three hours ago, Lookonchain reported.

The Altcoin Season Index from crypto data platform CoinMarketCap currently stands at 44. The index compares the price performance of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins, against that of Bitcoin. An altcoin season is declared when 75% of these top 100 coins outperform Bitcoin over the preceding 90 days. A score closer to 100 signifies a stronger altcoin season.