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South Korea's Cryptocurrency Market Flash Crash: A Short-Term Shock Driven by Political Turmoil and Market Fragility
South Korea's Cryptocurrency Market Flash Crash: A Short-Term Shock Driven by Political Turmoil and Market FragilityOn the evening of December 3rd, a stunning flash crash occurred on Upbit, a major South Korean cryptocurrency exchange, with Bitcoin plunging nearly 30% within minutes to around $62,000 (approximately 88 million KRW) before swiftly recovering. This event garnered global attention, its cause attributed to a confluence of factors: the short-term impact of domestic political instability in South Korea, and the inherent structural and liquidity vulnerabilities within the South Korean cryptocurrency market itself...
Blockchain 2024-12-04 21:10:09 -
South Korean President Declares Emergency Martial Law, Sending Global Markets into Turmoil
South Korean President Declares Emergency Martial Law, Sending Global Markets into TurmoilOn December 3rd (local time), South Korean President Yoon Suk-yeol declared a state of "emergency martial law" amid escalating domestic political strife, triggering significant turmoil in global markets. This unexpected event led to a sharp devaluation of the South Korean won, a stock market crash, a surge in gold and oil prices, and a severe blow to the cryptocurrency market, resulting in tens of thousands of liquidations...
Blockchain 2024-12-03 23:06:11 -
South Korea's Emergency Martial Law Declaration Triggers Crypto Crash: Bitcoin Plunges Over 30%, XRP Over 60%
South Korea's Emergency Martial Law Declaration Triggers Crypto Crash: Bitcoin Plunges Over 30%, XRP Over 60%The announcement of a state of emergency martial law in South Korea late on December 3rd sent shockwaves through the market, causing a massive sell-off in the Korean cryptocurrency market. Prices plummeted across the board, resulting in significant losses for investors...
Blockchain 2024-12-03 22:36:03 -
South Korea's Emergency Martial Law Triggers Crypto Market Crash!
South Korea's Emergency Martial Law Triggers Crypto Market Crash!A sudden announcement of emergency martial law in South Korea late on December 3rd sent shockwaves across the globe, particularly devastating the nation's cryptocurrency market. The news triggered a sharp decline across multiple cryptocurrencies on Upbit, a major South Korean exchange...
Blockchain 2024-12-03 22:34:46 -
Nanjing Tuoheng Unmanned System Research Institute Applies for a Patent on "High-Precision Real-Time Data Acquisition and Analysis Method"
Nanjing Tuoheng Unmanned System Research Institute Applies for a Patent on "High-Precision Real-Time Data Acquisition and Analysis Method"On December 2nd, 2024, the State Intellectual Property Office of China (SIPO) announced that Nanjing Tuoheng Unmanned System Research Institute Co., Ltd...
Blockchain 2024-12-02 19:17:30 -
Shenzhen Bohai Changxiang Applied for a Patent on an "Advertising Transaction Information Management System" Leveraging Blockchain Technology to Enhance Ad Matching Accuracy
Shenzhen Bohai Changxiang Applied for a Patent on an "Advertising Transaction Information Management System" Leveraging Blockchain Technology to Enhance Ad Matching AccuracyOn December 2nd, 2024, the State Intellectual Property Office of China revealed that Shenzhen Bohai Changxiang Internet Information Service Co., Ltd...
Blockchain 2024-12-02 11:38:53 -
South Korea's Small-Cap Market Plunges as Bitcoin Boom Siphons Investment, KOSDAQ Index Suffers Worst Asian Performance
South Korea's Small-Cap Market Plunges as Bitcoin Boom Siphons Investment, KOSDAQ Index Suffers Worst Asian PerformanceGlobal financial markets have experienced significant volatility since the election of US President Trump. A striking phenomenon is the unprecedented slump in South Korea's small-cap stock market, with its benchmark index, the KOSDAQ, experiencing a worrying downturn...
Blockchain 2024-11-28 09:56:36 -
Xiaomi Redmi K80's Mysterious "Tightening Hoop" Hints at a Collaboration with "Black Myth: Wukong"? Powered by Snapdragon 8 Gen 3, it Could Shake Up the Sub-$300 Market!
Xiaomi Redmi K80's Mysterious "Tightening Hoop" Hints at a Collaboration with "Black Myth: Wukong"? Powered by Snapdragon 8 Gen 3, it Could Shake Up the Sub-$300 Market!On November 26th, Wang Teng, Xiaomi's product director, posted a Live Photo taken with the Redmi K80 on his Weibo account. The picture prominently featured an accessory resembling the "tightening hoop" from the classic Chinese novel Journey to the West, worn by Sun Wukong...
Mobile Internet 2024-11-26 17:57:19 -
Hong Kong Securities and Futures Commission (SFC) Chief Executive Ashley Alder: Fintech, Passive Investing, and the Rise of Private Capital Shape the Future of Finance
Hong Kong Securities and Futures Commission (SFC) Chief Executive Ashley Alder: Fintech, Passive Investing, and the Rise of Private Capital Shape the Future of FinanceAt a recent Dialogue with International Investors seminar, Ashley Alder, Chief Executive of the Hong Kong SFC, delved into the key forces reshaping investment markets. She highlighted fintech innovation, the continued dominance of passive investing, the burgeoning private capital market, and geopolitical uncertainties as shaping the complexity and challenges of the future financial landscape...
Blockchain 2024-11-20 16:14:50 -
Red Magic 10 Pro Series Makes Its Debut: Snapdragon 8 Gen 2 for the Ultimate, Wukong Display Included, Starting at 4999!
Red Magic 10 Pro Series Makes Its Debut: Snapdragon 8 Gen 2 for the Ultimate, Wukong Display Included, Starting at 4999!The highly anticipated Red Magic 10 Pro series officially launched today at 10:00 AM, with a starting price of 4999. This global first, featuring the Snapdragon 8 Gen 2 for the Ultimate chip, is a gaming flagship phone attracting significant attention from gamers thanks to its powerful performance and innovative technology...
Mobile Internet 2024-11-18 09:15:23 -
Apple Vision Pro Launches in South Korea and the UAE, Expanding Global Availability to 12 Countries
Apple Vision Pro Launches in South Korea and the UAE, Expanding Global Availability to 12 CountriesApple officially announced on November 17th the launch of its highly anticipated mixed-reality headset, the Apple Vision Pro, in South Korea and the United Arab Emirates. Consumers in these countries can now purchase the innovative device at local Apple Store retail locations or schedule a free 30-minute trial to experience the immersive technology firsthand...
Mobile Internet 2024-11-17 15:03:29 -
Hong Kong-listed companies "go crazy" for crypto: Boyaa Interactive sees over HK$700 million in paper profits, but risks remain
Hong Kong-listed companies "go crazy" for crypto: Boyaa Interactive sees over HK$700 million in paper profits, but risks remainWhile it's not uncommon for publicly listed companies to invest in stocks, especially those with ample cash reserves, it's less common to see them heavily investing in cryptocurrencies. Following Donald Trump's election as US President, Bitcoin has surged, recently hitting a record high of over US$90,000...
Blockchain 2024-11-15 16:04:55
