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Upbit founders join billionaire ranks after $13.6B Naver merger.
#News
3 mins read
4 months ago

Upbit founders join billionaire ranks after $13.6B Naver merger

US teams up with eight nations to secure materials for AI race.
#Tech
2 mins read
4 months ago

US teams up with eight nations to secure materials for AI race

Chaos erupted in Phnom Penh as Huione Pay halted operations and froze user withdrawals.
#News
2 mins read
4 months ago

Chaos erupted in Phnom Penh as Huione Pay halted operations and froze user withdrawals

Samsung enters tri‑fold era as Galaxy Z TriFold debuts amid intense China competition.
#Business
2 mins read
4 months ago

Samsung enters tri‑fold era as Galaxy Z TriFold debuts amid intense China competition

Ripple expands fully licensed payment services in Singapore.
#News
2 mins read
4 months ago

Ripple expands fully licensed payment services in Singapore

South Korea’s ruling party aims to pass Digital Asset Act in January
#Regulation
3 mins read
4 months ago

South Korea’s ruling party aims to pass Digital Asset Act in January

South Korea expands AML rules to crypto transfers under $680
#Regulation
2 mins read
4 months ago

South Korea expands AML rules to crypto transfers under $680

Two South Korean police officers indicted for crypto bribery scheme
#News
3 mins read
4 months ago

Two South Korean police officers indicted for crypto bribery scheme

Russian and North Korean hackers steal 2TB of data from South Korean banks
#Tech
3 mins read
4 months ago

Russian and North Korean hackers steal 2TB of data from South Korean banks

South Korea’s Kakao Bank moves stablecoin project to development phase
#News
3 mins read
4 months ago

South Korea’s Kakao Bank moves stablecoin project to development phase

Naver Financial to launch a coin wallet amid Upbit merger
#News
2 mins read
4 months ago

Naver Financial to launch a coin wallet amid Upbit merger

South Korea’s Upbit parent Dunamu's eyes Nasdaq IPO
#News
3 mins read
4 months ago

South Korea’s Upbit parent Dunamu’s eyes Nasdaq IPO

China’s DeepSeek-R1 AI writes weaker and insecure code tied to the Communist Party's demands.
#Tech
3 mins read
4 months ago

China’s DeepSeek-R1 AI writes weaker and insecure code tied to the Communist Party’s demands

#News
2 mins read
4 months ago

Upbit adds MON as trading pairs go live in South Korea

South Korea eyes Taiwan cooperation to navigate US chip tariffs.
#Tech
2 mins read
4 months ago

South Korea eyes Taiwan cooperation to navigate US chip tariffs

Artificial intelligence must be human-centered, AI ethics experts reveal
#Tech
3 mins read
4 months ago

Artificial intelligence must be human-centered, AI ethics experts reveal

ChatGPT launches group chats worldwide.
#Tech
3 mins read
4 months ago

ChatGPT launches group chats worldwide

Trump sanctions on Putin’s oil officially take effect.
#Economy
3 mins read
4 months ago

Trump sanctions on Putin’s oil officially take effect

#News
3 mins read
4 months ago

South Korean internet giant Naver to confirm plans to acquire Upbit’s parent company Dunamu

South Korea’s fair-trade commission inspects Arm’s Seoul office amid licensing probe.
#Tech
3 mins read
4 months ago

South Korea’s fair-trade commission inspects Arm’s Seoul office amid licensing probe

Bitcoin hangs barely above $91,000 as global stocks stay muted ahead of Nvidia earnings.
#Live Updates
1 mins read
4 months ago

Bitcoin plunges below $89,000 as global stocks stay muted ahead of Nvidia earnings

South Korea cracks down as investors pile into foreign leveraged ETFs
#Economy
2 mins read
4 months ago

South Korea cracks down as investors pile into foreign leveraged ETFs

South Korean exchanges are facing mounting earnings pressure as a sharp market decline has stalled trading volumes. In a statement shared by industry officials on Sunday, the slump marks a stark reversal of fortunes from the third quarter, where soaring crypto prices triggered record profits. According to disclosures filed with the Financial Supervisory Services, Dunamu, operator of Upbit, posted 235.3 billion won ($161.7 million) in operating profits. The figure represents an increase of 180% from a year earlier. The firm’s revenue jumped by 104% to 385.9 billion won, while net income quadrupled to 239 billion won. Bithumb also experienced a surge, seeing its operating profits rise eightfold to 70.1 billion won. Revenue increased by 184% to 196 billion won, while net income hit 105.4 billion won, representing a 34-fold rise. Korean exchanges face earnings pressure According to reports, both Upbit and Bithumb attributed their strong quarter to the rebound in the prices of digital assets and a rise in trading activity. Market sentiment also appeared to improve on signs of United States legislative progress, including the approval of the Guiding and Establishing National Innovation for United States Stablecoins Act, also known as the GENIUS Act. In addition, the sentiment was also lifted by Ethereum’s rally and the growing expectation of a US Federal Reserve interest rate cut. However, momentum has since stalled. Bitcoin slid below $95,000 on Saturday, its lowest level in the past six months and 25% off its October 6 peak of $126,210. The market has now moved to an extreme fear territory, according to market tracker CoinMarketCap. A few of the headwinds escalating things include the persistent trade tensions between the United States and China, fading hopes for the Fed’s rate cut next month, and a $100 million Ethereum hacking incident that is affecting investor confidence. Some traders are presently questioning whether a new crypto winter is beginning, as a result of the drying trading activity. Exchanges remain at the mercy of volatility According to CoinGecko, the combined daily average trading volume on Upbit and Bithumb stood around $1.88 billion from November 1 through Friday, the lowest level so far since the beginning of this year. The figure peaked at $7.8 billion in January, bottomed out at $2.2 billion in June, and has since been hovering between the $3 billion and $4 billion mark. These developments are expected to deliver a significant blow to the operations of domestic cryptocurrency exchanges. Trading fees make up most of their revenue, 98.2% for Dunamu and 98.3% for Bithumb. In response to the shortfall, these exchanges have been rushing to list new digital assets in an effort to keep their investors engaged. In a report from digital analytics platform APYWA, from January 1 to Friday, Korea's top five exchanges, Korbit, Coinone, GOPAX, Upbit, and Bithumb, have all listed about 391 tokens, up 47% from all of 2024. In the report, the platform mentioned that the exchanges accelerated the pace of their listings in the second half of the year. Still, it reports that volumes have remained weak as the market trades sideways. "Without alternative revenue streams, exchanges will remain at the mercy of market volatility," an industry official said. "While the phased approval of corporate participation in the crypto market is seen as a positive signal, long-term sustainability will require regulatory reforms that allow for greater business diversification.” It remains to be seen how these exchanges hope to trigger a shift in trading activities, as they hope that digital assets return to winning ways.
#News
2 mins read
4 months ago

Korean crypto exchanges face earnings pressure as trading volumes stall

Samsung to expand AI chip production with new Pyeongtaek line
#Tech
3 mins read
4 months ago

Samsung to expand AI chip production with new Pyeongtaek line

Close to 25% of Asian Adults with internet connection might own crypto, report says.
#News
3 mins read
4 months ago

Close to 25% of Asian Adults with internet connection might own crypto, report says

Global markets sink as Fed rate‑cut hopes fade and traders remain unsure of what to do.
#Live Updates
1 mins read
4 months ago

Crypto and US stocks drag global markets down as traders remain unsure of what to do

South Korea to increase EV subsidies to counter Trump tariffs in 2026.
#Economy
3 mins read
4 months ago

South Korea to increase EV subsidies to counter Trump tariffs in 2026

North Korea’s Konni group weaponizes Google’s Find Hub to steal logins
#Tech
3 mins read
4 months ago

North Korea’s Konni group weaponizes Google’s Find Hub to steal logins

Global markets rally as U.S. shutdown truce strengthens and the dollar wobbles.
#Economy
2 mins read
4 months ago

Global markets rally as U.S. shutdown truce strengthens and the dollar wobbles

China suspends gallium, germanium export ban, freezes shipping probes along with US.
#Economy
3 mins read
4 months ago

China suspends gallium, germanium export ban, freezes shipping probes along with US

South Korea debuts AI ETF to tap surging investor demand
#News
3 mins read
4 months ago

South Korea debuts AI ETF to tap surging investor demand

South Korea races to finalize stablecoin rules amid regulator turf battle
#Regulation
4 mins read
4 months ago

South Korea races to finalize stablecoin rules amid regulator turf battle

Nvidia CEO Jensen Huang says Blackwell chips off‑limits for China for now.
#Tech
2 mins read
4 months ago

Nvidia CEO Jensen Huang says Blackwell chips off‑limits for China for now

South Korea mulls sanctioning North Korea over crypto theft.
#News
3 mins read
4 months ago

South Korea mulls sanctioning North Korea over crypto theft

China’s $4B dollar bonds match US Treasury yields for the first time
#Economy
2 mins read
5 months ago

China’s $4B dollar bonds match US Treasury yields for the first time

Asian stock markets rise after positive U.S. trading session.
#Economy
3 mins read
5 months ago

Asian stock markets rise after positive U.S. trading session

South Korea’s FSC refers two crypto manipulation cases to authorities
#News
3 mins read
5 months ago

South Korea’s FSC refers two crypto manipulation cases to authorities

South Korean crypto activity sinks to one-year low as traders switch to stocks.
#News
2 mins read
5 months ago

South Korean crypto activity sinks to one-year low as traders switch to stocks

Asian stock markets show split results as AI excitement drives Wall Street.
#Economy
3 mins read
5 months ago

Asian stock markets show split results as AI excitement drives Wall Street

EU and Asian export giants falter as US tariffs bite
#Economy
3 mins read
5 months ago

EU and Asian export giants falter as US tariffs bite

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