Upbit operator Dunamu wins bid for South Korea police crypto custody contract

The post KORU pullback reaching blue box area, buyers eye potential turn higher appeared on BitcoinEthereumNews.com. KORU (Direxion Daily MSCI South Korea Bull 3X ETF) delivers 300% daily leveraged exposure to South Korean large‑ and mid‑caps, making it a high‑volatility instrument suited for short‑term tactical trades rather than long‑term investing. Quick instrument snapshot Full name: Direxion Daily MSCI South Korea Bull 3X ETF (KORU). Objective: Targets +300% daily performance of the MSCI Korea 25/50 Index (before fees and expenses). Primary listing: NYSE Arca. KORU – Daily Elliott Wave chart (Update: July 8, 2026) The latest daily chart shows the rally from the April 2025 low ending in wave (I) at $1,284.97. The subsequent wave (II) pullback appears to be unfolding as a zigzag corrective pattern: Wave a ended at $580.00. Wave b bounced to $1,111.00. Wave c is targeting the blue‑box area between $422.65 and $259.92. From that blue‑box zone, buyers may look for a turn higher — eithe

The post Criticism follows as South Korea police picks Dunamu for crypto custody appeared on BitcoinEthereumNews.com. Firms that sent competing proposals to South Korea’s National Police Agency to win the contract to become the official crypto custodian of the agency’s seized crypto have gone off on a criticism tangent again after Dunamu emerged as the top bid at the end of the process. The complaints point to how the firm running Upbit, South Korea’s largest crypto exchange, winning the bidding process as vindication for earlier observations that the tender’s terms gave larger exchanges a decisive advantage over custody-first upstarts. As Cryptopolitan reported in June, pure-play crypto custody firms noted that insurance and loss coverage clauses listed in the procurement database effectively undermined their bids. Who won the bid for South Korea’s police agency’s seized BTC? Local reports put Dunamu at the top of the Public Procurement Service’s Nara Jangteo as of Wednesday, July 8.

The post WinWin, Heeseung And More: Every KPop Idol Departure In 2026 appeared on BitcoinEthereumNews.com. SEOUL, SOUTH KOREA – FEBRUARY 22: Winwin, Mark, Haechan of NCT 127 attend the 2017 Gaon Chart K-pop Music Awards at Jamsil Arena on February 22, 2017 in Seoul, South Korea. (Photo by The Chosunilbo JNS/Imazins via Getty Images) ImaZins via Getty Images K-pop has always had a complicated relationship with permanence. Groups form on survival shows with fixed end dates, contracts run for years without public disclosure, and fanbases are built around rosters that can change with a single label announcement. In 2026, those changes have arrived in an unusually compressed window. From January to July, four significant departures — or group splits — have reshaped some of the industry’s most prominent acts, most recent of which is NCT and WayV’s WinWin. Here is the updated list of every departure so far. Heeseung leaves ENHYPEN: March 10, 2026 INDIO, CALIFORNIA – APRIL 19: (FOR EDITORIAL U

The post Markets Tumble as Trump Ends Iran Ceasefire, Oil Prices Spike Above $74 appeared on BitcoinEthereumNews.com. Key Takeaways President Trump announced the end of the US-Iran ceasefire during NATO meetings in Ankara, triggering widespread market volatility Major index futures declined significantly, with Dow futures shedding more than 500 points Crude oil prices jumped over 5% following the US decision to cancel Iran’s crude export authorization South Korean markets plummeted 5.4%, leading losses across Asian trading sessions Market participants await Federal Reserve meeting minutes from June for insight into monetary policy under Chair Kevin Warsh American equity futures experienced significant declines Wednesday morning following President Donald Trump’s announcement that the ceasefire agreement with Iran has concluded. Futures contracts for the Dow Jones Industrial Average tumbled over 500 points, representing approximately a 1% decline. The S&P 500 futures contract decreased

The post Toss Bank Explores Blockchain for Secure Financial Transactions appeared on BitcoinEthereumNews.com. South Korea’s Toss Bank is embarking on a cutting-edge initiative to explore the potential of blockchain technology in bolstering payment and settlement systems. The fintech leader intends to evaluate the integration of public blockchain networks within the financial sector, aiming to resolve ongoing issues concerning transparency and compliance. Continue Reading:Toss Bank Explores Blockchain for Secure Financial Transactions Source: https://en.bitcoinhaber.net/toss-bank-explores-blockchain-for-secure-financial-transactions

The post BingX Launches Global Community Initiative Following Enzo Fernández’s World Cup Goal appeared on BitcoinEthereumNews.com. PANAMA CITY, July 8, 2026 –BingX, a leading cryptocurrency exchange and Web3-AI company, is celebrating one of the defining moments on football’s biggest stage after its global brand ambassador, Enzo Fernández, scored Argentina’s decisive goal to secure a dramatic comeback victory and a place in the World Cup quarterfinals. Fernández’s goal not only completed Argentina’s comeback but also marked the 3,000th goal in World Cup history, cementing the midfielder’s place in one of the tournament’s most memorable milestones. To celebrate the victory with its global community, BingX is launching a series of limited-time community campaigns. From July 8 to July 11, all users can sign up to receive complimentary vouchers airdrop. Separately, users who engage with official social media will have the exclusive opportunity to win one of 20 USDT trading bonuses. Users w

The post South Korea’s Toss Partners with Optimism to Test Won Stablecoins: Report appeared on BitcoinEthereumNews.com. Viva Republica, the operator of South Korea-based mobile money transfer app Toss, reportedly signed a memorandum of understanding with blockchain company Optimism to test a Korean won-based stablecoin infrastructure for institutional payments. The companies, along with privacy solutions provider Sunnyside Labs, will conduct a three-month proof of concept (PoC) using Optimism’s OP Stack and Sunnyside’s Privacy Boost protocol to develop a Korean won-based stablecoin and assess whether these technologies can be applied to domestic blockchain-based payment infrastructure for financial institutions, reported Yonhap News on Wednesday. The PoC will explore whether financial institutions can control the settlement process, the feasibility of implementing know-your-customer (KYC) and anti-money laundering (AML) verification requirements and whether transactions can remain priv

The post OKX Founder Confirms New Authorization in Europe appeared on BitcoinEthereumNews.com. OKX to operate under MiFID framework  OKX unveils new money app in Europe  OKX, a leading cryptocurrency exchange, has continued to push for wider expansion across the global space, providing services that extend beyond crypto trading. In a recent post shared by its founder, Star Xu, on Wednesday, July 8, the founder confirmed a new regulatory authorization that allows it to expand its services in Europe. OKX to operate under MiFID framework  In his recent statement, Xu revealed that OKX will begin to offer crypto, commodity, and equity derivatives under the European MiFID framework. Ripple-Operated Rail Dropped by Major Software Company XRP, Shiba Inu (SHIB), Solana (SOL) and Bitcoin (BTC) Price Analysis for June 8: Momentum Is Not Fueled Yet While this marks a major milestone for the fast-growing cryptocurrency exchange, the move further strengthens its presence in Europe, while positioning