Key Takeaways South Korea’s KOSPI rebounded 18% on July 31, its biggest one-day jump ever, after a 33% crash over the rest of the month. Leopold Aschenbrenner’s AI fund sold to Citadel and a Microsoft […]
Bithumb will go public listing after 2028. The firm is set to launch the IPO evaluation process in 2027. Bithumb will continue improving compliance and internal control before listing. The company has pushed back its […]
Key Takeaways Bithumb targets a 2028 IPO with a preliminary listing filing set for 2027. A February ledger error involving 620,000 BTC, near $43 billion, triggered an FSS review. Watch Bithumb’s 2027 filing and Korea’s […]
Key Takeaways Three suspects were arrested over a 12.3 billion won XRP scheme. The fake XRP platform promised monthly returns of up to 1.8%. Police traced 27.3 billion won through wallets linked to the case. […]
South Korea’s crypto trading volume surged as extreme stock-market volatility pushed traders toward alternative liquidity venues. Across five major exchanges, trading volume reached $964 million on the 28th of July. That marked an 82% increase […]
Key Takeaways Upbit and Bithumb completed RLUSD’s listings across South Korea’s four largest cryptocurrency exchanges. Top Korean exchanges now offer direct won access alongside bitcoin and tether markets. Liquidity across the country’s largest trading platforms […]
The scam targeted XRP holders through a fake investment platform that disappeared after collecting millions of dollars worth of digital assets. South Korean authorities have uncovered a cryptocurrency fraud case that exploited interest in […]
TLDR South Korea may introduce stablecoin rules before completing its Digital Asset Basic Act. The FSC plans to merge about 10 crypto and stablecoin bills into one framework. The Digital Asset Basic Act is expected […]
Key Takeaways Kospi and Kosdaq triggered circuit breakers on Wednesday, Korea’s first-ever back-to-back halt. SK Hynix fell sharply despite reporting a 557% jump in quarterly profit that still missed forecasts. Bitcoin rose about 1% toward […]
Key Takeaways Siebert Financial (Nasdaq: SIEB) will serve as Kakao Pay Securities’ U.S. partner for tokenized Korean stocks. Kakao Pay Securities holds about 9 million stock accounts in South Korea. The initial tokenized trading service […]
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