Kite Token Launches with $263M Trading Surge
@Kite launched its native token, achieving a $263 million trading volume in hours and a $159 million market cap; total supply is capped at 10 billion. #Update #Crypto
South Korea
Ethereum Thrives on South Korean Retail Traders
Ethereum’s recent underperformance against Bitcoin has raised concerns, with $6 billion from South Korean retail investors allegedly supporting Ethereum treasury companies. ETH is down 1.9% in 24 hours and 5% against BTC over the past month. #Update #Crypto $ETH
Hackers Arrested in South Korea for $28M Theft
South Korean authorities arrested 16 members of an international hacking syndicate for stealing over $28 million from affluent individuals, including BTS’s Jungkook. $9.2 million was recovered. #Breaking #Crypto
Crypto Fraud Accomplices Get Suspended Sentences
A South Korean court gave suspended sentences to three involved in the V Global crypto scam, defrauding 50,000 victims of $1.44 billion. #Update #Legal
Bitcoin Cheaper on South Korean Exchanges
Bitcoin prices on South Korean exchanges like Upbit and Bithumb are below the global average, while @Coinbase maintains a premium. #Update #Crypto $BTC
Stablecoin Initiative: South Korea Pegs Won
Lee Jae-myung proposes a stablecoin pegged to the won, aiming to stabilize South Korea’s financial system and allow pension fund investments in digital assets. #Update #Crypto (+4) ↗
Bitcoin Surge Sparks South Korea Inversion
Bitcoin’s price fluctuated between $103,133 and $104,841, with South Korea’s premium inverting to a 0.76% discount below the global average. #Update #Crypto $BTC (+3) ↗
Cybersecurity Alert Bithumb Warns of Risks
@Bithumb warns users after @SKTelecom cyber attack leaks SIM data, enhancing security measures and issuing protective guidelines. #Breaking #Security (+8) ↘
Bithumb Prepares Spin-Off Ahead IPO
@Bithumb is restructuring by spinning off its exchange and investment units to streamline operations ahead of its IPO. #Update #Crypto (+3) →
Solana Innovation Boosted by $100M Fund
@AstraFintech launches a $100M fund to accelerate innovation in the $SOL ecosystem, supporting high-potential builders and startups. #Update #Crypto $SOL (+6) ↗
Bitcoin Prices Diverge Won vs Dollar
Seoul’s Bitcoin premium hits 2.97% above global benchmarks as South Koreans shift to $BTC amid limited domestic investment options. #Update #Crypto $BTC (+3) ↗
Bitcoin Discount Hits South Korea Amid Turmoil
Bitcoin’s valuation in South Korea saw its first discount in four months amid volatility and Donald Trump’s trade policies affecting global markets. #Update #Crypto $BTC (-3) ↘
Crypto Surge South Korea Hits 16290000
South Korea reports 16.29 million crypto investors, nearly a third of its population, as banks partner with exchanges amid regulatory easing. #Update #Crypto (+3) ↗
Crypto Users Surge in South Korea
South Korea’s crypto market surpasses its stock market with 16.29 million users; @Upbit leads in active accounts, while @Bithumb shows significant growth #Update #Crypto (+5) ↗