Samsung has acquired a 4% stake in Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, for approximately $408 million. The deal involves three Samsung affiliates: Samsung Securities, Samsung Card, and Samsung SDS, with the transaction set to close on June 19. This acquisition marks a significant move by Samsung into the digital asset space, following its launch of a cold wallet service in 2019. Meanwhile, the cryptocurrency market experienced significant volatility, with $897 million in long positions liquidated as Bitcoin and Ether prices fell sharply. Bitcoin dropped to its lowest level since April, while Ether fell below $2,000. The broader market shed $40.91 billion in value, with total capitalization slipping to $2.43 trillion. This market downturn was exacerbated by geopolitical tensions and substantial outflows from Bitcoin ETFs, including $733.4 million in net outflows on May 27.