Crypto's Worst Week Since 2024 Has a New Driver: Good News.
A strong May jobs report pushed Fed rate cuts off the table, deepening crypto's worst week since 2024. ETH cracked under $1,600, Zcash crashed, and BABY popped on an Upbit listing.
A strong May jobs report pushed Fed rate cuts off the table, deepening crypto's worst week since 2024. ETH cracked under $1,600, Zcash crashed, and BABY popped on an Upbit listing.
South Korea now requires homebuyers to disclose crypto sales in their financing plans. The first batch of data is in, and it tells a generational story.
Hana Bank acquired 6.55% of Dunamu from Kakao for 1 trillion won. The deal includes a won-stablecoin partnership and closes three weeks before Dunamu's merger vote with Naver.
The FSC's emergency inspection found three of South Korea's five major platforms reconciling balances only once every 24 hours. The trigger: Bithumb crediting 620,000 BTC — roughly $56 billion — to 249 users instead of 620,000 Korean won. Regulators have now mandated five-minute reconciliation cycles, automatic kill switches, monthly external audits, and daily public disclosure of results. The deadline is May 2026.
Two buyers, 20% each, through new shares. Hours earlier Hana Bank paid $670 million for Upbit's parent. Every major Korean exchange now has a suitor.
India's Ministry of Electronics ordered ISPs to block Polymarket. The site is already unreachable for Indian users. Local media reports say Kalshi is next. The government classifies all prediction markets as illegal online gambling.
Weekly volumes have crossed $1 billion on leading platforms. Asia has three of the world's five largest economies. The problem is that China, South Korea, and Japan all treat most forms of wagering as illegal by default.
Two months after accidentally sending 620,000 BTC worth roughly $42 billion to 249 users instead of 620,000 Korean won each, the exchange has exhausted informal recovery options and turned to the courts.
Bithumb mistakenly sent 620,000 BTC instead of 620,000 Korean won to customers in February, triggering a localized price crash. South Korea's central bank now wants exchanges to have automated trading halts and real-time asset verification systems.
South Korea's FIU found 70,000 unverified customer accounts and 10,113 trades routed through 16 unregistered overseas platforms. The three-month partial suspension runs from April 29 to July 28. Existing users retain full access; only new account onboarding is blocked.
13.26 million investors. 22% on gains above $1,850. January 2027. The ruling party wants to kill it. The Finance Ministry says it's happening anyway.
South Korea is one of the largest and most active crypto markets in the world, with retail participation, exchange competition, and regulation that regularly move global prices. This tag tracks the Korean exchange landscape including Upbit, Bithumb, and Coinone, regulatory frameworks and licensing from the FSC and DAXA, the won-denominated trading premiums that signal local demand, foreign stakes like OKX’s interest in Coinone, and the enforcement actions that shape access. Coinliva covers the regulation, the exchange moves, and the market signals from one of crypto’s most important regions.