Coindesk

South Korean regulators requested 14 apps from Apple — belonging to unreported foreign crypto operators — be blocked domestically, a statement said on Monday.Crypto exchanges KuCoin and MEXC are among the firms being targeted by the regulator, and domestic access to their apps have been blocked since April 11. CoinDesk reached out to KuCoin and MEXC for a comment.Foreign virtual asset business operators that want to operate in South Korea need to report to the Financial Intelligence Unit (FIU) in accordance with the Act on Reporting and Use of Specific Financial Transaction Information, the statement said.“Unreported business activities are subject to criminal punishment, and the FIU has been targeting overseas unreported virtual asset business operators conducting domestic business activities without...

Switzerland-based trading firm Laser Digital, which is part of the Nomura Group, has denied any involvement in the Mantra token flash crash that saw OM lose lose 90% of its value."Assertions circulating on social media that link Laser to 'investor selling' are factually incorrect and misleading," the firm wrote on X.Laser Digital went on to share its controlled Mantra wallet addresses, none of which show deposits to exchanges or selling activity.Speculation remains rife over why OM collapsed so violently. The Mantra team insist it was due to wider market pressures and centralized exchanges forcibly closing positions, which led to a liquidation cascade.OKX stated that the price volatility occurred due to a spike in trading volume coupled with an initial price...

Crypto exchange Kraken has begun offering commission-free trading for U.S.-listed stocks and exchange-traded funds (ETFs), opening access to traditional financial markets from within the same platform it uses for cryptocurrencies and positioning itself to compete more directly with platforms like Robinhood (HOOD).The move expands Kraken's business as a growing list of U.S. crypto companies aiming to go public on U.S. exchanges — joining the likes of Coinbase (COIN), Marathon Digital (MARA), and Bitdeer (BTDR), among others.The Kraken stock trading rollout begins in 10 U.S. jurisdictions including New Jersey, Connecticut and Alabama, with plans to expand access across the country and to international markets such as the U.K., Europe and Australia. Clients in these states can now buy and sell equities...

XRP, Cardano (ADA), and Solana (SOL) tokens are exhibiting technical strength in a signal of potential short-term price recoveries, data indicates.Bullish patterns—XRP’s $2.00 breakout, ADA’s double bottom at $0.55, and SOL’s rally to above $130—suggest accumulation phases despite broader market volatility. However, a bitcoin drop below $80,000 or intensified macro pressures could limit gains.Alex Kuptsikevich, the FxPro chief market analyst, said in a note to CoinDesk that traders must await confirmation of a bitcoin trend reversal before long-term dip buying on major tokens. "Bitcoin has yet to confirm a growth reversal," Kuptsikevich said. "The key area along the way is the $85,000 level, where the 50-day moving average passes. Its overcoming will be an important confirmation of the bullish sentiment,...

XRP's Bullish Momentum Shows No Signs of SlowingXRP continues its impressive upward trajectory, demonstrating remarkable strength with consistently higher lows and higher highs. The recent price action shows resilience, with buyers stepping in at every dip, particularly during the April 12th surge when XRP broke above $2.07 resistance with 240M in trading volume.Market experts are increasingly optimistic about XRP's future, with some projecting targets between $10-$20 in the coming months. The technical setup appears particularly compelling, with XRP currently trading within an ascending triangle pattern that could trigger a move toward $2.40 if the $2.22 resistance is breached, according to CoinDesk Research's technical analysis data. This comes as the XRP/BTC chart shows a bullish crossover that preceded a 958% rally...