MultiversX is under pressure after an attempted VM-level exploit caused invalid state changes on mainnet, triggering exchange restrictions on EGLD. Upbit, Kraken, Bithumb, and Coinbase moved fast as the team tests a fix, with no firm restart timeline yet.
Read Full Article
South Korea’s proposed cap on crypto exchange ownership could run into a legal wall if Naver Financial’s planned Dunamu takeover ever makes it a holding company. The rules aren’t in conflict yet, but if both take shape, the deal could get squeezed between a minimum stake and a maximum cap.
Read Full Article
Circle’s EURC stablecoin has launched on Upbit, giving South Korean traders direct access to euro-linked value without routing everything through dollar-heavy crypto rails. It’s a practical step for euro exposure, though like any stablecoin, it still comes with the usual trust and liquidity risks.
Read Full Article
XRP’s South Korea spike was real, but it looks more like traders chasing momentum than a fresh conviction bid. Upbit volume exploded, XRP briefly outran Bitcoin locally, and the move could fade just as fast if the heat doesn’t stick.
Read Full Article
Upbit is bringing Lighter’s LIT token to its KRW market on Aug. 24, a listing that could draw South Korean retail demand and sharp volatility. With launch controls, Ethereum-only transfers, and a DeFi derivatives angle, this one has both upside and chaos written all over it.
Read Full Article
Upbit’s reported “19.3 Billion” Bitcoin trading slump sounds dramatic, but it’s missing the basics: unit, timeframe, and benchmark. Without that context, it’s a shaky signal at best — and a reminder that lone numbers can talk big without saying much.
Read Full Article
South Korea’s crypto frenzy has cooled fast, with trading volumes sliding from late-2024 highs as liquidity shifts into stocks, especially semiconductors. Bitcoin is getting caught in the slowdown, but the data points more to a broad market lull than a clean BTC-only collapse.
Read Full Article
Samsung is bringing native stablecoin support to Samsung Wallet, but the bigger move is its $408 million stake in Dunamu, signaling a push to control both the consumer front end and the crypto infrastructure underneath. The catch: key details, from issuer to launch markets, are still missing.
Read Full Article
South Korea is reportedly moving ahead with a 22% tax on crypto gains above 2.5 million won, targeted for 2027. The plan could hit active traders, tighten exchange reporting, and reignite the fight over whether taxing crypto helps the market or just drives activity offshore.
Read Full Article
South Korea’s regulator has begun a sanctions process against Dunamu, the company behind Upbit, but key details are still under wraps. With no named violation or penalty yet, the move signals scrutiny for the country’s largest crypto exchange without confirming a major breach.
Read Full Article