South Koreans are HODLing crypto assets worth around $73.4 billion on domestic crypto exchanges, the nation’s central bank has claimed.Busan Ilbo reported that the total market capitalization of the crypto held in domestic wallets surpassed the 100 trillion won mark ($70.5 billion) for the first time in December 2024, per Bank of Korea (BOK) data.Koreans HODLing Billions of Dollars on Domestic PlatformsThe BOK published the data in its latest payment settlement report. This, the media outlet noted, is the largest monthly total since the BOK began publishing crypto-related data.The historical headquarters of the Bank of Korea in Seoul, South Korea.…
Author: cryphedge
The wider crypto market may be attempting to follow the Gold price but the short-term selloff continues to persist.DOGE price has potentially bottomed, but a retest could happen again before market reversal.Dogecoin (DOGE), the largest memecoin by market capitalization, remains highly synchronized with Bitcoin’s (BTC) price action. Most importantly, the large-cap memecoin, with a fully diluted valuation of about $23.5 billion and a 24-hour average trading volume of about $1 billion, has been recording a similar fractal pattern to the 2021 and 2017 bull cycles.As a result, the odds of a major parabolic rally before the end of 2025 remain…
MANTRA founder and CEO John Patrick Mullin has initiated the burn of his full 150 million OM token allocation, following through on a commitment made last week to bolster transparency and rebuild trust within the community.The token burn, which permanently removes the equivalent amount of OM from circulation, is part of a broader strategy to reaffirm MANTRA’s mission of creating a decentralized, inclusive financial ecosystem driven by tokenization.Token burnAccording to the project’s statement, the unstaking process has begun and is scheduled for completion on April 29, 2025. The tokens were originally staked during MANTRA Chain’s mainnet launch in October 2024…
Husky Inu (HINU) officially entered the next phase of its evolution, with the pre-launch phase starting on April 1. The pre-launch phase brings several changes and introduces a dynamic change to the pricing of the HINU token. During the pre-launch phase, the token price will increase every two days until the target is met or the tokens are sold out. Meanwhile, the crypto markets started the week positively, with Bitcoin (BTC) and popular meme coins, including Dogecoin (DOGE), trading in the green. The crypto market cap is up almost 3% at $2.73 trillion. Husky Inu (HINU) Set For Price Jump…
Upexi Inc.’s shares soared more than 630% on April 21 after the Nasdaq-listed company announced plans to build a Solana (SOL)-based crypto treasury using newly raised funds.The $100 million private investment in public equity (PIPE) was anchored by GSR, a leading crypto trading and investment firm, and included backing from Maelstrom Capital, Delta Blockchain Fund, Delphi Ventures, Hivemind Ventures, Borderless Capital, and White Star Capital.The move marks a significant pivot into digital asset management for the firm, which is known for specializing in the development, manufacturing, and distribution of consumer products.Institutional push into SolanaUpexi’s stock jumped from $2.30 at the…
The cryptocurrency market, like most financial markets this year, has been struggling with increased volatility. However, one key asset in the top 10 of tokens by market cap has hit a major milestone amid the uncertainty. Indeed, Tron has reached $1 billion in revenue, with traders pondering just what’s next for TRX.The Justin Sun-led token has been one of the fastest rises in the industry over the last two years. However, like many of its contemporaries in the sector, it has failed to live up to expectations this year. The question is, can a recent market turnaround spark a potential…
The US Securities and Exchange Commission (SEC) is currently reviewing 72 crypto-related exchange-traded fund (ETF) filings, according to data shared by Bloomberg senior ETF analyst Eric Balchunas on April 21.The filings cover assets ranging from XRP, Litecoin (LTC), and Solana (SOL) to memecoins like Dogecoin (DOGE) and themed funds linked to internet culture, such as Pudgy Penguins.Distribution potentialThe filings, detailed in a table compiled by Bloomberg ETF analyst James Seyffart, reflect a broad industry effort to bring a wide range of digital assets to the US ETF market. Some proposals include spot ETFs for Solana, Dogecoin, and XRP, and leveraged and…
With signs pointing toward the next crypto bull run, many are now looking for early opportunities that offer real potential. While familiar names like Solana, Aptos, and Sui continue to attract attention, a fresh wave of interest is forming around BlockDAG. It’s not just its tech that stands out—it’s the way its community is earning before the platform even officially launches. From strong affiliate returns to major presale milestones, four cryptos are currently on the radar—and BlockDAG sits right at the top. 1. BlockDAG (BDAG): 5% Referral Model Turns Side Hustles into Real Gains BlockDAG (BDAG) has been making waves…
Ripple Managing Director has explained that XRP Ledger (XRPL) would be used as a post-trade for Hidden Road’s prime brokerage services. Ripple has secured a license from the Financial Industry Regulatory Authority (FINRA) to operate as a US broker-dealer. In a recent update, CNF discussed the decision of Ripple to acquire the prime brokerage firm Hidden Road. According to that report, the deal involved an amount of $1.25 billion, becoming one of the biggest acquisitions in crypto history. Today, Ripple Managing Director for the UK and Europe, Cassie Craddock, has disclosed that the XRP Ledger (XRPL) would play a crucial…
Dogecoin has shown a 9.74% daily growth to reach $0.2021 in trading value and experts predict it will skyrocket to $4 which represents a massive 1879% increase. Rexas Finance (RXS) emerges as a competitor token which experts predict will experience an astonishing 14,560% increase. The real-world assets (RWA) focus of RXS positions it as an innovative force in the multi-trillion-dollar asset market by providing stability together with enhanced liquidity.RXS Presale 91.69% Complete – Buy Now Before It’s Gone Forever!Rexas Finance (RXS) transforms the cryptocurrency market by creating a new method to tokenize physical assets (RWA). RXS functions differently from speculative…
