South Korea
Upbit Reveals 5.9B-Won Corporate Loss in Latest Hack, Fully Reimburses Users
Upbit said it reimbursed all 38.6 billion won in member assets from its reserves.
Bitcoin Asset Manager Parataxis to Go Public in $400M SPAC Deal Backed by SilverBox
The newly public firm will pursue bitcoin-focused treasury strategies in the U.S. and South Korea.
South Korea Cuts Out Bitcoin Strategic Reserve Considerations: Report
The IMF emphasizes the importance of prudently managing liquidity, market, and credit risks — criteria that bitcoin, with its erratic nature, does not satisfy.
Bitcoin's ‘Kimchi Premium’ Jumps to 10%, Worrying Sign for BTC in Short-Term
Trading volumes on Korean exchanges Bithumb and Upbit have dropped significantly in the past week, indicating a drop in retail trading activity.
Bitcoin Trading on Korean Exchanges at Steepest Discount Since October 2023
Bitcoin is trading on Korean exchanges at the steepest discount since October 2023, according to CryptoQuant. The analytics firm’s Bitcoin Korea premium index, which measures the price gap between Korean and offshore exchanges, slid to negative -0.55, a sign that bitcoin has fallen out of favor in the country. CoinDesk's Christine Lee presents the "Chart of the Day."
Are Traders Positioning for Higher Prices?
10x Research founder Markus Thielen discusses the recent shift in the derivatives market, noting higher implied volatility for calls over puts. Plus, insights on higher trading volumes in Korea and the upcoming trial of the central bank's digital currency.
Markus Thielen on the Election's Impact on Bitcoin
10x Research founder Markus Thielen explains why the election does not matter too much for the digital assets market and why bitcoin would benefit regardless of who wins the race.
80% of Meme Coin Performance Occurs During Asia Trading Hours: 10x Research Founder
10x Research founder Markus Thielen weighs in on the correlation between Korea's political developments and the recent meme coin rally. 80% of meme coin's performance "occurs during Asia hours and Asia hours is really driven by Korean traders," Thielen said.
Bank of Korea Governor Sees CBDC Introduction as Case for 'Urgency:' Report
Stablecoins' widespread usage and frequent instability could reduce the effectiveness of central bank monetary policies, Rhee Chang-yong said.
Korean Giant SK Telecom Releases Crypto Wallet With CryptoQuant as Partner
The wallet features on-chain data analysis tools that may inform users' market decisions.
