ChainCatcher news, Matrixport released a chart stating that the trading volume in the Korean market is highly correlated with the Bitcoin funding rate, as Korean trading users have significant influence in the market. As trading volume declines, the annualized Bitcoin funding rate also decreases. Recently, the trading volume has been below $1 billion for three consecutive days, which may indicate that the funding rate will further decline.However, with the approach of the Korean Blockchain Week, market activity and sentiment may rebound.

ChainCatcher news, SBI Digital Markets, the cryptocurrency division of Japanese securities and banking giant SBI Holdings, has appointed former Bank of Korea official Jai Yung Byun as chief advisor to expand its business in South Korea. Jai Yung Byun has held several leadership positions at the Bank of Korea, including head of the International Financial Policy Planning Team, director of Foreign Exchange Analysis and Research, and chief representative of the Bank of Korea's Washington D.C. office.

ChainCatcher news, recently, Deepcoin announced the official connection with the Korean CODE alliance member, the compliant exchange FOBL. Korean users can now legally transfer deposits and withdrawals between Deepcoin and FOBL.Currently, the local compliant exchange FOBL in Korea supports deposit and withdrawal transfer services with several global cryptocurrency exchanges such as Binance, OKX, and Deepcoin. FOBL CEO Ahn Hyun-jun stated, "FOBL is pleased to officially connect with Deepcoin, committed to continuously enhancing market trust and investor protection, and the cooperation with global exchanges that comply with the FATF and other regulatory authorities' Travel Rule standards is expanding."In January of this year, Deepcoin announced that it became the first overseas cryptocurrency exchange this year and the seventh globally to access the CODE compliance solution to comply with Korea's cryptocurrency Travel Rule regulations. The official connection with the Korean exchange FOBL also marks another milestone for Deepcoin in terms of security compliance and expanding its international footprint.

ChainCatcher news, Crypto.com announced its entry into the South Korean market. Crypto.com President Eric Anziani stated that the Crypto.com App service will be launched on the 29th of this month, allowing users to conduct cryptocurrency trading and will also support NFTs.Anziani also mentioned that the company will review all aspects required by the Financial Services Commission, Financial Supervisory Service, etc., with the goal of supporting KRW trading as soon as possible in accordance with the "Virtual Asset User Protection Act," which will be implemented in July. (Hankyung)

ChainCatcher news, according to official information, on January 18, Manta Network allocated 3 million MANTA tokens from the unlocked ecological community development fund based on the disclosed token economic model to expand into the Korean market.Of these, 2 million MANTA were recharged to Bithumb through the Manta Pacific chain and exchanged for ETH, with an actual transaction average price of $2.55 to ensure available funds.It is reported that these funds will be used to invest in and promote the growth of the Manta Korean community, focusing on supporting local developers and the community. In addition, the unissued portion of the airdrop will be reserved for users who have not yet unboxed and synthesized NFTs. 180 days after the TGE ends, community members can vote to decide the distribution method of the unclaimed airdrop.

ChainCatcher news, according to market data, the decentralized oracle project Teller (TRB) has seen a daily increase of 71.14%, currently reported at 29.13 USDT.It is reported that Teller plans to enter the South Korean market and will be listed on a leading trading platform in South Korea.

ChainCatcher news, according to News1, the ruling party and the opposition party in South Korea have decided to simultaneously submit a personal information consent form during the temporary National Assembly session in August to promote a comprehensive investigation by the Cryptocurrency Rights Commission. This investigation will only comprehensively examine the cryptocurrency ownership and trading status of the lawmakers themselves, while account information and other financial transaction information from financial institutions outside of exchanges will be excluded from the scope of personal information consent.

According to ChainCatcher news, as reported by News1, the Korea Banking Association is negotiating with Korean financial authorities and virtual asset exchanges to establish the "Guidelines for the Operation of Real-Name Accounts for Virtual Assets," aimed at enhancing the protection of virtual asset users and preventing activities such as money laundering. Among them, banks require virtual asset exchanges to fulfill their liability for user damages (issues such as hacking, computer failures, etc.) and to maintain a reserve of no less than 3 billion won; additionally, banks plan to implement enhanced customer verification procedures for real-name account users annually, including requiring additional authentication for reclaiming transfers and restricting reclaiming transfers for accounts that have not been used for a long time. Banks plan to categorize user accounts into limited accounts and normal accounts, restricting their deposit and withdrawal limits; they have also established anti-money laundering standards and procedures related to real-name authentication.

ChainCatcher news, Layer 1 blockchain Conflux Network announced a strategic partnership with the Web3 protocol Carry Protocol, which focuses on the advertising sector, to increase Conflux Network's visibility in the South Korean market.Conflux aims to provide blockchain solutions to South Korean enterprises to improve operations and services through this collaboration, while also leveraging the Carry Protocol advertising platform to drive Web3 adoption. (source link)

ChainCatcher news, the South Korean prosecution has launched a comprehensive mandatory investigation into WeMade, the game company that issued WEMIX, and its market makers, including seizures and searches. This search and seizure marks the first mandatory investigation by the South Korean prosecution into WeMade.It is reported that since 2021, WeMade has sparked multiple controversies. This includes the liquidation of WEMIX worth 225.5 billion won from November 2020 to January 2022 without notifying WEMIX users, which was used to acquire a company, causing significant controversy. Additionally, at the end of 2022, WEMIX's issuance was suspected of false disclosure, leading to legal disputes with the country's trading platforms, and WEMIX was ultimately delisted from several major cryptocurrency trading platforms in South Korea. (source link)

ChainCatcher news, the Bank of Korea will launch a public central bank digital currency (CBDC) pilot experiment next year.According to informed sources, "The Bank of Korea will publicly conduct a small-scale settlement-type CBDC experiment in July this year for financial institutions that participated in last year's CBDC simulation experiment. Based on this, a CBDC pilot will be conducted for the public next year." (source link)

ChainCatcher news, according to a report by the Chosun Ilbo citing informed sources, creditors of the South Korean crypto financial company Delio have applied for corporate bankruptcy reorganization procedures (original court takeover procedures) to the Seoul Bankruptcy Court through the law firm LKB & Partners, which is currently filing a class action lawsuit against Haru Invest and Delio.Previous news, Delio announced on June 14 that it had suspended withdrawals, stating that this move was due to increased market volatility after Haru Invest suspended deposits and withdrawals, and later announced on June 28 that it would resume deposit and withdrawal services for ADA, SOL, XTZ, DOT, KSM, and NEAR tokens. (Source link)

ChainCatcher news, cryptocurrency exchange Bybit has invested 5.5 billion won (3.8 million USD) in T-Scientific, the third-largest shareholder of the South Korean crypto exchange Bithumb, in the form of convertible debt.It is reported that T-Scientific issued 16 billion won in convertible bonds at the end of last month, and Bybit's investment accounts for one-third of T-Scientific's total issuance, aiming to further expand into the South Korean blockchain market. (CoinDesk)

链捕手消息，币安 CEO 赵长鹏在法国 VivaTech 2022 会议现场表示，币安正在考虑重新进入韩国市场。 据悉，币安曾于 2019 年 7 月成立了一家韩国加密公司（Binance KR），但因韩国出台了特定金融信息法等法案，该公司于 2021 年 1 月退出韩国。（来源链接）

链捕手消息，据韩国媒体报道，韩国头部加密交易所 Bithumb 已为NFT平台业务成立了一家子公司，将推出NFT市场。此外有传言称，韩国巨头 LG 子公司 LG CNS 是帮助 Bithumb 开发其 NFT 市场的技术合作伙伴，但该说法尚未得到证实。 Bithumb CEO表示：“NFT 市场对于推广基于区块链的内容非常重要，这将成为未来的驱动力。” 去年11月，韩国第一大加密货币交易所Upbit推出NFT市场，当地多家娱乐公司都与其平台签署合作协议。（来源链接）