Upbit seeks a U.S. IPO after merger with Naver
Upbit, through its parent Dunamu, plans an initial public offering (IPO) in the U.S. after completing a strategic merger with Naver Financial, according to reports....
South Korea
Altcoins market fails to capture $800 B opportunity as retail investors pivot to crypto stocks
Despite the broader crypto market’s momentum, altcoins appear to be missing out on a massive infusion of capital. Retail traders—especially in South Korea—are shifting their...
South Korean investors rotate $657M out of Tesla into crypto with nearly $12B inflows
The net sale of $657M in Tesla shares and the reinvestment of nearly $12 billion in crypto assets and companies reveal a shift in the...
New Trading Pairs Propel Raydium: 18% Surge Following Upbit Announcement
TL;DR Raydium surges over 18% following Upbit’s launch of new RAY/KRW and RAY/USDT pairs. Enhanced liquidity boosts trading efficiency, drawing increased investor interest and capital....
Bank of Korea Governor Poised to Embrace Won-Backed Stablecoin Innovation
TL;DR Stablecoin Spotlight: Governor Rhee is set to explore launching won-backed stablecoins at a high-profile bankers’ dinner amid new digital asset legislation and rising political...
Crypto Analyst Warns of Imminent “Flash Crash” After $618 Million in Liquidations
TL;DR Michael van de Poppe predicts a potential “flash crash” in the crypto market but sees it as a long-term buying opportunity. In the last...
Do Kwon Accused of Converting Stolen Funds from Luna to Bitcoin
South Korean prosecutors accused the embattled Terraform Labs co-founder, Do Kwon, on April 7 of converting stolen funds from Luna to Bitcoin, according to the...
Bithumb Former Chair Found Not Guilty Of All Charges
The 34th Division of the Criminal Agreement of the Seoul Central District Court has come to the conclusion that Lee Jung-Hoon, the former chairman of...
Binance Dominates 64% Market Share After FTX Demise
FTX’s bankruptcy has caused investors to migrate massively to the rival exchange Binance, which currently dominates with a 64% market share among the top 10...
Report: Korean Regulators Say Cryptos Are Vulnerable to Money Laundering
The Financial Services Commission (FSC) of South Korea is proposing an investigation into the number of stablecoins being used on cryptocurrency exchanges while putting a...