The BONK price is stuck within a strong bearish trend since May, which has dragged the memecoin by nearly 70%. Meanwhile, the …
Upbit
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Finance
Upbit Trading Volume Explodes 1,319% to $4.2 Billion as South Korean Investors Rotate Out of Stocks
by shayaanby shayaanTrading volume on Upbit, South Korea’s largest cryptocurrency exchange, surged approximately 1,318.8% in the last 24 hours to reach roughly $4.243 billion, …
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Analysis
DRV Price Soars 70% After Upbit Listing as Derive Sees Rising Network Activity
by shayaanby shayaanThe DRV price exploded as much as 70% to $0.1920 before cooling to around $0.1530, putting the spotlight back on Derive, the …
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Adoption
Korea Stock Rout Triggers 1,426% Volume Spike On Upbit Amid $286 Million In Forced Liquidations
by shayaanby shayaanThe KOSPI index tumbled another 4% intraday to 6,534.34 on July 14, with chip giant SK Hynix shedding more than 7% in …
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South Korean crypto exchange Upbit said it is not participating in the issuance of Open USD, after its operator Dunamu was named …
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Regulation
South Korea to Grant Upbit Operator Dunamu Access to Government Administrative Data
by shayaanby shayaanThe South Korean government is moving forward with a plan to grant Dunamu, the operator of the country’s largest cryptocurrency exchange Upbit, …
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Finance
Hanwha Investment to Acquire Additional $440 Million Stake in Upbit Operator Dunamu
by shayaanby shayaanHanwha Investment & Securities, a major South Korean financial services firm, has announced plans to acquire an additional stake in Dunamu, the …
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Irys suddenly went from sleepy altcoin to leveraged chaos in less than 24 hours. The token ripped nearly 120% intraday, surging from …
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The South Korean bank announced plans for a won-pegged stablecoin, blockchain remittances and tokenized securities. www.coindesk.com
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Regulation
South Korea court cancels Upbit suspension, citing regulatory gaps: Report
by shayaanby shayaanA South Korean court has canceled the Financial Intelligence Unit’s (FIU) three-month partial business suspension of Dunamu, the operator of crypto exchange …