ChainCatcher news, according to Upbit data, UXLINK has jumped to second place in the Upbit Korean won market trading volume ranking, temporarily leading Bitcoin in trading volume.MOCA, HBAR, and ONDO rank eighth, ninth, and tenth respectively.

ChainCatcher message, CryptoQuant CEO Ki Young Ju posted on social media: "The Korean won and other domestic assets are completely unattractive. The government is unaware of this and is merely forcing price maintenance, which has led to a surge in the exchange rate. The USDT traded on Upbit has already reached an IMF crisis-level exchange rate.I personally believe that there is a massive outflow of national wealth occurring. Many wealthy individuals I know are leaving South Korea. The outflow of national wealth is just a reflection of the country's cognitive ability, isn't it?" He further pointed out: "The government should not forcibly retain capital fleeing overseas, but rather think about how to encourage capital to return voluntarily.We need to cultivate industries, provide incentives for investors, and open up business opportunities. I hope to stop these unnecessary regulations. Due to my limited understanding of domestic politics, I don't know who can make such changes. As a Korean company, I have persisted for 7 years, but now I am also considering whether I should leave South Korea. It is truly frustrating."

ChainCatcher news, according to Upbit data, UXLINK and HBAR have jumped to the top ten in the Upbit Korean Won market trading volume rankings, ranking third and seventh respectively.

ChainCatcher news, the Korean won has fallen to its lowest point against the US dollar since March 16, 2009, currently at 1452.37 (Golden Ten)

ChainCatcher news, according to Jinshi reports, the Korean won has continued to decline against the US dollar, reaching a two-year low at one point.ChainCatcher previously reported, according to Jinshi reports, South Korean President Yoon Suk-yeol suddenly delivered a televised speech tonight, announcing the implementation of "emergency martial law." Yoon listed several reasons, stating that the opposition party is manipulating the National Assembly and disrupting the country, and he vowed to eliminate "anti-national forces" within South Korea. The specific measures of the martial law are currently unknown.External analysis suggests that the recent push by the opposition party in South Korea for a series of legislation targeting the president's wife and the impeachment of public officials, including prosecutors, may have been the trigger for Yoon Suk-yeol's announcement of "emergency martial law."

ChainCatcher message, according to the official announcement, the South Korean cryptocurrency exchange Bithumb will list Altair (ALT) and Swell Network (SWELL) on the KRW market, with trading expected to start today at 16:00.

ChainCatcher news, according to the official announcement, Upbit has added PePe (PEPE) to the Korean won market for digital assets.

ChainCatcher news, according to the official announcement, Upbit will list Aethir (ATH) trading pairs with Korean Won and Bitcoin, with trading expected to start on August 14 at 15:00 (local time). Deposits/withdrawals will begin two hours later.

ChainCatcher news, according to Cryptonews, Byun Young-oh, CEO of Wacon, a wholly-owned subsidiary of LG Group, has been arrested on suspicion of orchestrating an ETH-related cryptocurrency scam. The Seoul Central District Prosecutor's Office will charge Byun and another suspect, Yeom, with fraud.The MainEthernet wallet service operated by Wacon was unable to process withdrawals normally in the summer of 2023. Last November, when meeting with investors, Byun claimed that he would refund the investors' money and stated, "It will only take 4 months to resolve all issues." However, prosecutors believe this is a Ponzi scheme involving hundreds of billions of Korean won, with about 500 victims, mainly elderly individuals. Byun had promised investment returns of up to 45% to 50% and denied the Ponzi scheme allegations last year.

ChainCatcher news, according to News 1, a Woori Bank employee in South Korea has been arrested and prosecuted for embezzling 18 billion won (approximately 13 million USD), of which about 15 billion won (approximately 10.84 million USD) was spent on purchasing virtual assets.From July of last year to May of this year, the employee forged loan documents 35 times in the names of 17 clients, including individuals and businesses, applied for fraudulent loans, and then transferred the loan amounts into acquaintances' accounts, totaling approximately 17.77 billion won.The prosecution seized 180 million won from the employee's residence and froze virtual asset exchange deposits, bank deposits, and rental deposits totaling approximately 4.5 billion won through asset forfeiture and collection preservation.

ChainCatcher news, Bithumb announced that it will launch the BLAST KRW market on June 27 at 00:00 local time in South Korea (June 26 at 23:00 Beijing time).

ChainCatcher news, South Korean cryptocurrency exchange Upbit announced that it will add the USDT/KRW trading pair and the USDT/BTC trading pair between 5 PM and 6 PM local time on June 7.

ChainCatcher news, according to the official announcement, Upbit will launch TAIKO KRW, BTC, and USDT trading pairs. Deposits and withdrawals are expected to open after June 5 at 22:00, with the trading start time to be announced later.

ChainCatcher news, according to South Korean media hankyung, Gopax's largest shareholder Binance sold Gopax's Genesis asset claims for less than half of their face value.Initially, Binance promised to compensate investors for 100% of their losses (approximately $70 billion at the time) when it closed the cryptocurrency deposit service Gopay last year. However, Binance did not use its own funds to compensate the victims but instead paid the compensation by selling the victims' asset claims at a discount. Binance sold Gopax's Genesis asset claims for less than half of the price, which, based on the market price at the time, was valued at approximately 70 billion Korean won.Subsequently, virtual asset prices soared, and it is estimated that Gopax suffered losses of at least several hundred billion Korean won as a result.

ChainCatcher news, according to a report by cryptocurrency market analysis company Kaiko, in the first quarter of 2024, the trading volume of the Korean won on CEX was $45.6 billion, while the US dollar was $44.5 billion.The improvement in the macroeconomic environment and the fierce competition among Korean CEXs have driven the trading volume in the Korean market, reaching its highest level in over two years at the beginning of March this year.Since the beginning of 2021, Upbit has been the dominant player in the Korean cryptocurrency market, with an average market share of 82% over the past three years. However, in the recent bull market, competition has intensified, with Bithumb and Korbit launching aggressive zero-fee campaigns at the end of 2023.Although Korbit's market share did not see a significant increase, averaging less than 1% in 2024, Bithumb's market share doubled within a few months after the launch of the zero-fee policy.

According to ChainCatcher news and Kaiko data, in the first quarter of this year, the trading volume of the Korean won on global CEX surpassed that of the US dollar, reaching 45.6 billion USD, while the total trading volume of the US dollar during the same period was 44.5 billion USD. Among them, five fully licensed trading platforms: Upbit, Bithumb, Coinone, Korbit, and Gopax dominate the local market, with Upbit holding over 80% market share for most of the time.

ChainCatcher message, the South Korean trading platform Bithumb will launch the PYTH/KRW trading pair today at 17:00 Beijing time.

ChainCatcher news, the South Korean cryptocurrency exchange Bithumb will list Kava (KAVA) on the KRW market, supporting only Kava mainnet deposits and not other networks. Deposits are expected to open on January 23 at 14:00 Beijing time, and trading is expected to open at 15:00 on January 23.

ChainCatcher news, according to the official announcement, Bithumb will launch the Axelar (AXL) and Yield Guild Games (YGG) Korean won markets, with trading expected to open at 5 PM.

ChainCatcher message, according to official news, Upbit stated that due to block processing delays, support for the ASTR KRW market will be postponed by 1 hour to 19:00 KST.