Market News South Korea Puts Capital Markets Onchain With Avalanche
#South Korea plans to tokenize capital markets in three phases, with #Avalanche-linked projects supporting funds, payments and real-world assets.
Timothy Munene •
South Korea
News South Korea’s Upbit Records 1.15 Trillion Won in One Hour
#SouthKorea’s #Upbit recorded 1.15 trillion won in one-hour trading volume as #XRP and #TRUMP led activity during a crypto market flash crash.
Timothy Munene •
News South Korean Stablecoin Outflows Reach $367M in June, Extending 18-Month Trend
#SouthKorea recorded an 18th straight month of #stablecoin outflows as traders moved funds overseas for derivatives, #DeFi, and #RWA products.
Timothy Munene •
News South Korea Crypto Volume Drops Below KRW 10 Trillion
#SouthKorea's weekly crypto trading volume fell below #KRW 10 trillion for the first time in nearly three years after five straight weeks of declines.
Timothy Munene •
News South Korea’s Hyundai Motor Completes First USDT Treasury Transfer Pilot
#HyundaiMotor completed its first live $20,000 #USDT cross-border treasury transfer using the #Avalanche #blockchain in a pilot project.
Timothy Munene •
News South Korean DAT Firm K Wave Sells Final Bitcoin, Ends Treasury Strategy
#KWave Media sells its final 88 #BTC to repay debt, ending its #Bitcoin treasury strategy as it pivots toward #AI infrastructure investments.
Timothy Munene •
News Chainlink Joins 47 European and South Korean Banks to Enable Near Real-Time Cross-Border Settlement
#Chainlink joins #47European and #SouthKorean banks in #ProjectPangea to enable near real-time EUR-KRW settlements.
Timothy Munene •
News South Korea’s Toss Bank Taps Solana for Stablecoin Remittance Test
#TossBank and #SolanaFoundation will test #stablecoin-based remittances, exploring #blockchain payments and settlements in #SouthKorea.
Timothy Munene •
News South Korea Pushes Won Stablecoin After $115B Move to Dollar-Backed Tokens
#SouthKorea advances plans for a won #stablecoin after $115B shifts to dollar-backed tokens, with regulators debating issuance models and oversight.
Timothy Munene •
News South Korea Blocks Dollar Stablecoins for Corporates
#SouthKorea bars corporations from trading dollar-pegged stablecoins like #USDT and #USDC under new #crypto corporate guidelines.
Timothy Munene •