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The daily trading volume of South Korea's five major cryptocurrency exchanges has plummeted by 88% in a year, forcing Korbit to sell assets to maintain operations

According to the Korea JoongAng Daily, the daily trading volume of South Korea's five major won virtual asset exchanges totals approximately 412.7 billion won, a decrease of 88% compared to a year ago. The total market value of global virtual assets has also shrunk by 41% to $2.322 trillion. The country's leading cryptocurrency firm Dunamu reported a year-on-year decline in revenue and operating profit of 55% and 78%, respectively, in the first quarter.Small and medium-sized exchanges are in an even more difficult situation, with Coinone, Korbit, and Gopax, which recorded operating losses last year, expected to continue losing money this year. Korbit has sold its holdings three times this year, selling 15 bitcoins and 60 ethers within ten days this month, generating approximately 1.6 billion won in cash. A director from Tiger Research stated that the current situation can be seen as a "second crypto winter," with the total market value of cryptocurrencies significantly shrinking and new projects almost nonexistent.Despite the market downturn, institutions are accelerating their adoption of blockchain, focusing on tokenized assets and stablecoins. Major brokerages like Future Asset have recently acquired shares in exchanges, and the government has repeatedly expressed its determination to advance the legislation of the "Digital Asset Basic Law," reflecting a continued optimism about medium- to long-term growth potential.

CoinGecko: Gate consistently ranks among the top three global spot trading platforms, demonstrating strong market competitiveness

According to the latest "2026 Q2 Cryptocurrency Market Report" released by CoinGecko, in the context of ongoing adjustments in the overall cryptocurrency market in the second quarter of 2026, Gate's spot trading business performed exceptionally well, consistently ranking among the top three global spot trading platforms, and achieving the fastest trading volume growth among the Top 10 exchanges from May to June. In terms of derivatives, Gate's perpetual contract trading volume remains in the global top five, with a market share consistently maintained at 8%--11%; the market share of open interest remains at 11%--12%, consistently ranking in the global top four, demonstrating the platform's leading advantages in trading depth, liquidity, and user activity.The report shows that in the second quarter of 2026, the total market capitalization of the cryptocurrency market decreased by 12.6% to $2.1 trillion, marking the third consecutive quarter of adjustment; the overall trading activity of centralized exchanges (CEX) has declined. At the same time, the prediction market has become one of the most vibrant sectors this quarter, with a quarterly nominal trading volume increasing by 48.7% to $113.8 billion, driven significantly by major sporting events such as the World Cup. As the world's first centralized trading platform to connect with Polymarket, Gate continues to enhance the user experience of prediction market products, providing users with a more convenient and efficient way to participate in prediction markets.As emerging sectors such as prediction markets, RWA, and tokenized assets continue to unleash growth potential, the industry structure is moving towards diversified ecological competition. Leveraging its continuously improving product ecosystem, global liquidity advantages, and increasingly rich trading scenarios, Gate continues to enhance the competitiveness of its spot, derivatives, and innovative products, providing global users with more diverse and efficient digital asset trading services.

Gate's prediction market World Cup section concludes, with trading volume ranking first in the Polymarket channel

The 2026 World Cup has concluded, and Gate Prediction Market's World Cup section has simultaneously completed its event cycle services. As a one-stop prediction experience portal built around the World Cup, during this event, Gate Prediction Market recorded a total participation of 501,190 users, with a total trading volume exceeding 528 million USD and a total of 2,630,280 transactions, continuously demonstrating user engagement in the sports event prediction scenario. According to data from Polymarket Builders, Gate Prediction Market's trading performance continues to lead, with a single-day trading volume on July 19 ranking first in the Polymarket channel, and the cumulative trading volume for the past week and this month also ranking first in the Polymarket channel.Gate continues to expand its sports prediction scenarios, launching the "E-sports Peak Trading Season" event from July 20, 16:00 to August 10, 16:00 (UTC+8), with a total prize pool of 200,000 USDT. During the event, users can sign up and participate in designated event prediction trading in the Gate Polymarket e-sports section to enjoy newcomer benefits, weekly trading tasks, and prediction trading leaderboards, sharing in generous rewards.As the first centralized trading platform to integrate with Polymarket, Gate has become an important entry point for users to participate in the prediction market. Users can directly access the prediction market through the Gate App, entering the Polymarket page from the homepage Alpha section, and conveniently participate in various event predictions using USDT in their accounts. Users can also utilize the "Smart Money" feature to track high-win-rate traders' positions and market judgments, gaining more reference for event predictions. Gate is continuously expanding the application scenarios of the prediction market, providing users with a diversified experience from event judgment to trading participation.

Approximately $200 million in trades on Polymarket in the first half of the year were flagged as potential insider trading

According to Bloomberg, as prediction markets like Polymarket and Kalshi expand, the issue of betting using non-public information or informational advantages is receiving more scrutiny. Bloomberg Businessweek analyzed approximately 34,000 potential insider trading cases flagged by Polysights between August 2025 and June 2026; these related trades exhibited characteristics such as newly created accounts, low probability entries, large bets, or high trading concentration, but it cannot be determined that traders violated rules based on this.Data shows that from January 1 to June 30 of this year, the amount of suspicious trades flagged on Polymarket was approximately $200 million, with geopolitical and war-related markets driving a significant increase in abnormal trading volume. The profits from potential insider trading are highly concentrated, with the top 1% of accounts in profit wallets earning more than half of the gains, and 57% of related wallets created less than 24 hours before the trades. Some traders are reducing the likelihood of being discovered by using multiple associated wallets and splitting orders. For example, 38 associated addresses placed bets in 90 geopolitical markets related to Iran and Venezuela, achieving a win rate of 98%, with total profits of $1.6 million, and withdrew funds using the same Coinbase deposit address.Polymarket stated that it will monitor insider trading and other illegal activities, and has so far referred nearly 100 wallets to law enforcement agencies. Kalshi has also strengthened identity and employment information checks, and restricted participation in related markets by political candidates, athletes, and others who may influence outcomes.
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