Binance finalizes sale of majority stake in Gopax — Report
Binance is preparing to reduce its 72.6% stake in the Gopax exchange to as low as 10%, according to local sources. Go to Source
South Korea
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South Korea Launches Continuous Monitoring for Crypto Transactions
South Korea’s Financial Supervisory Service (FSS) will introduce a continuous monitoring system on July 19 to track suspicious cryptocurrency transactions. Developed with local digital asset exchanges, this system aligns with the country’s Virtual Asset User Protection Act, which aims to regulate trade practices and protect investors. Major Korean crypto exchanges, including Upbit, Bithumb, Coinone, Korbit, … Read more
South Korean government to launch crypto transaction monitoring system
Crypto exchanges subject to a new South Korean law have implemented a system allowing authorities to receive reports on suspicious transactions. Go to Source
South Korea’s 2nd largest chipmaker to invest $75B in AI through 2028
The investment comes after a March commitment to spend $90 billion on a chip fabrication facility near Seoul. Go to Source
South Korean crypto firm Hashed Ventures expands to Abu Dhabi: Report
Hashed Ventures said it’s in talks with other South Korean crypto firms to help bring them to Abu Dhabi. Go to Source
Enforcement of South Korean virtual assets law prescribed in decree
The details of enforcing the Protection of Virtual Asset Users Act are not contained in the bill, which comes into force July 19. Go to Source
Ava Labs brings intellectual property management to K-pop industry
According to a market report from Allied Research, the South Korean pop music industry will be valued at $20 billion by 2031. Go to Source
CEO of defunct yield protocol says user deposits weren’t ‘principal protected’
The South Korean platform Delio collapsed last year due to counterparty exposure to Haru Invest, another South Korean crypto yield giant. Go to Source
Korean Exchanges Set to Reevaluate Over 600 Listed Virtual Assets
South Korean cryptocurrency exchanges are set to reevaluate more than 600 digital assets, and those failing this process will ultimately be delisted. Once the process is completed, crypto exchanges will be required to conduct maintenance reviews quarterly. The reputation of the issuers and user protection tools are among the factors related to virtual assets that … Read more
Zksync’s ZK Token Debuts With $932M Valuation, South Korean Market Shows Strong Interest
Zksync’s token, known as ZK, is currently trading at a value 19% below its initial price of $0.321 during early morning sessions. The new cryptocurrency’s market valuation stands at $932.14 million, with each ZK token trading at $0.2575. This positions ZK among the top 100 largest market capitalizations, ranking at 90th. Notable exchanges listing ZK … Read more
