Author: Kryptonews

South Korea’s Democratic Party leader Lee Jae-myung proposed creating a stablecoin tied to the Korean won to prevent capital outflows and strengthen national financial sovereignty.Speaking during a recent policy discussion, Lee argued that a won-based stablecoin would allow South Korea to retain wealth domestically while reducing reliance on foreign-issued digital assets like USDt (USDT) and USDC (USDC), according to The Korea Herald.Currently, South Korean law prohibits the issuance of domestic stablecoins, forcing local exchanges to rely on US dollar-based alternatives.Between January and March, crypto exchanges in the country recorded 56.8 trillion won ($40.8 billion) in asset outflows, nearly half of…

The Rise of Decentralized Gaming The gaming industry has long been dominated by centralized platforms and publishers, controlling everything from in-game economies to user data. However, the rise of blockchain technology has introduced a revolutionary shift—decentralized gaming platforms that empower players like never before. Gamers are flocking to these platforms for several compelling reasons: true ownership of in-game assets, transparency in transactions, and a community-driven approach to game development. True Ownership of In-Game Assets One of the biggest frustrations in traditional gaming is the lack of real ownership over in-game items, digital collectibles, and even account progress. Players invest hundreds…

Lawrence Jengar May 19, 2025 20:45 Atgenomix SeqsLab enhances precision medicine by integrating NVIDIA’s Parabricks and Spark-RAPIDS, enabling scalable health omics analysis for personalized treatment strategies. In the evolving landscape of healthcare, precision medicine is becoming a cornerstone for personalized treatment strategies. At the heart of this transformation is Atgenomix SeqsLab, a cutting-edge platform designed to leverage health omics insights for precision medicine, according to NVIDIA’s blog. The Computational Challenge of Health Omics Data Integrating electronic medical records (EMRs) with genomic and other omics data presents significant computational challenges. A single whole genome…

Nike has been hit with a class-action lawsuit that accuses the sportswear giant of operating a rug pull for shuttering its non-fungible token (NFT) platform RTFKT in January. A group of RTFKT users led by Jagdeep Cheema claimed in the proposed class suit filed in a Brooklyn federal court on April 25 that they suffered “significant damages” as a result of Nike touting its sneaker-themed NFTs to gain investors, then shuttering the platform.The suit claimed the NFTs were unregistered securities, as Nike sold them without registering with the Securities and Exchange Commission. It accused the company of using “its iconic brand…

AI startup Succinct has introduced its PROVE token as part of a new protocol designed to enhance legal contract analysis and verification using zero-knowledge proof technology. Succinct, an AI startup which raised $55 million to build tools that automate and improve the review of complex legal agreements, is launching its PROVE token in its efforts to transform how legal contracts are analyzed and verified. In a blog post Monday, the startup said the token is part of a wider plan to build a protocol using zero-knowledge proof technology to speed up contract reviews. Succinct aims to be a decentralized marketplace…

Blockchain technology has emerged as a transformative force in supply chain management, offering a solution to long-standing inefficiencies, transparency gaps, and fraud risks. Its potential to create hyper-efficient, fraud-proof supply networks is vast, with early adopters already witnessing significant improvements in visibility, security, and cost savings. The Problem with Traditional Supply Chains Traditional supply chains are often plagued by inefficiencies due to their centralized and siloed nature. Multiple intermediaries, lack of real-time visibility, and manually-intensive processes create opportunities for delays, discrepancies, and fraud. These issues can lead to wasted resources, higher costs, and consumer distrust. For instance, tracking the origin…

In brief Binance has asked a Delaware bankruptcy judge to dismiss FTX’s $1.76B clawback lawsuit, calling it legally flawed and unsupported by facts. The exchange contends that FTX’s downfall was the result of massive fraud orchestrated by its own leadership, not Binance’s actions. Binance also says the court lacks jurisdiction over its foreign entities and that its 2022 tweets were neither false nor misleading. Binance has asked a Delaware bankruptcy judge to toss out a $1.76 billion lawsuit brought by the FTX estate, saying that the defunct crypto platform is attempting to “shift the blame” for its collapse away from…

The U.S.-listed spot bitcoin exchange-traded funds (ETFs) recorded $667.4 million in net inflows on May 19, the largest single-day total since May 2, signaling renewed institutional interest. Nearly half of these inflows, $306 million, went into iShares Bitcoin Trust (IBIT), now at $45.9 billion in net inflows, according to data source Farside Investors.The renewed demand follows bitcoin’s strong price performance, having traded above $100,000 for 11 consecutive days, which has helped restore market confidence. Additionally, the annualized basis trade, a strategy where investors go long on the spot ETF and simultaneously short bitcoin futures contracts on the CME, has become…

TRON has firmly established itself as one of the most actively used blockchain networks in the world for payments, according to recent research from CryptoQuant. TRON > Ethereum for USDTTRON now leads stablecoin activity:– $75.8B USDT supply– $23.4B daily volume– 2.4M daily txs vs ETH’s 284kStablecoin crown secured. pic.twitter.com/kEnMzGN8a1— CryptoQuant.com (@cryptoquant_com) May 19, 2025 TRON has quietly become a workhorse for stablecoin payments, especially for Tether (USDT), demonstrating its expanding influence in day-to-day crypto transactions.So far in 2025, users have moved USDT across TRON more than 283 million times, cementing the chain as a go-to settlement layer for stablecoins. That…

The Protocol Security Research Team and the Ecosystem Funding Initiative at the Ethereum Foundation are pleased to announce the launch of the first Ethereum protocol Attackathon with a reward pool of $1,500,000, hosted by Immunefi. The attackathon runs between November 25th and January 20th and aims to enhance the security of the Ethereum protocol through a large-scale crowdsourced security audit competition. We invite the entire Ethereum community — from auditing firms to individual security researchers — to participate in this important event to help secure the Ethereum Protocol. You can get started on your journey into understanding the Ethereum Protocol…