Analysis
XRP Perpetual Futures Open Interest skyrockets to $610 million
The XRP derivative market indicates strong positive sentiment, some expect the SEC lawsuit to conclude soon.
Samuel Wan 2 min read
South Korea News
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Top South Korea Stories
Legal
South Korea wants Terraform labs co-founder arrested
Previous attempts to arrest the Terra co-founder Daniel Shin failed because a South Korean court refused to grant the arrest warrant.
Regulation
South Korea planning to review local staking services
The country decided on the review after acknowledging that certain staking services overseas have been suspended, according to local news.
Latest South Korea Crypto News & Analysis
Regulation
South Korea reportedly monitoring Ripple’s case against SEC
The classification of XRP in the US could broadly impact the classification of other altcoins as securities.
Scams
Korean authorities confirm search for Do Kwon
Korean authorities confirmed traveling to Serbia in search of Do Kwon last week, but did not comment further.
Regulation
South Korea issues guidance on security tokens, STOs
S. Korea will regulate certain digital assets as securities under the Capital Markets Act and allow STOs under the Electronic Securities Act.
Exchanges
Binance acquires S. Korea-based GOPAX exchange
The funding for the GOPAX acquisition was made from the $1 billion Industry Recover Initiative — a co-investment project led by Binance.
Exchanges
South Korean authority arrests Bithumb owner on $50M embezzlement charges
Investigations revealed that Kang Jong-hyun is the brother of Kang Ji-yeon who is the head of Inbiogen-an affiliate that holds about 34.2% stake in Bithumb.
Crime
S. Korea indicts 20 people for illegal $170M crypto profiteering
The accused individuals sent around $3.2B out of S. Korea under false pretenses, violating foreign exchange laws, to buy crypto abroad.
More South Korea Crypto News Headlines
Exchanges
Binance annual revenue grew 10x over the past 2 years, while OKX’s grew 4x
Exchanges
Korean tax authorities investigate Bithumb, subsidiaries
Bear Market
Huobi Korea to become an independent entity, breaking ties with Huobi Global
Exchanges
