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Circle CEO: Has Expanded Collaboration with Dunamu and Bithumb to Advance Digital Asset and Stablecoin Adoption in Korea
Circle CEO Jeremy Allaire stated that Circle has expanded its collaboration with Dunamu—the operator of Upbit—to support the compliant adoption of digital assets, and broadened its partnership with Bithumb to strengthen stablecoin infrastructure and raise market awareness of stablecoins. Allaire noted that South Korea is rapidly advancing regulation for stablecoins and digital assets, and that local cryptocurrency adoption rates are high. During his time in Seoul, he also met with representatives from KakaoGroup, Coinone, Hashed, Shinhan Bank, KB Financial Group, and Woori Bank.
South Korea’s Central Bank Recommends Introducing a Cryptocurrency Circuit Breaker Mechanism in Response to the Bithumb Mispayment Incident
According to News1, following the erroneous payment incident at Bithumb, the Bank of Korea stated that it is necessary to prudently consider introducing a “circuit breaker” mechanism—similar to those in traditional financial markets—into the cryptocurrency market to address extreme market volatility and systemic risks. The Bank of Korea noted that as the cryptocurrency market expands and associated risks increase, existing regulatory measures are insufficient to fully cover potential issues; therefore, it is essential to study the introduction of an automated trading suspension mechanism to enhance market stability and investor protection. Previously, Bithumb triggered market attention after a system failure led to abnormal payments affecting some users’ assets.
Aethir Prevents Cross-Chain Bridge Vulnerability Attack and Promises Compensation
Decentralized GPU cloud computing infrastructure platform Aethir confirmed that its Ethereum-related bridge contract was attacked. The team promptly disconnected the affected contract and, in collaboration with major exchanges, blacklisted the hacker’s wallet, limiting losses to under $90,000. Earlier, blockchain security firm PeckShield estimated losses at $400,000. The attacker exploited Aethir’s cross-chain smart contract, AethirOFTAdapter, to transfer stolen funds from BNB Chain to Tron. Aethir stated that its Ethereum mainnet ATH token supply remains unaffected. It plans to release a detailed compensation plan and incident analysis next week and will collaborate with exchanges including Binance, Upbit, and Bithumb to freeze funds. Web3 security platform ZeroShadow is assisting with the investigation. In 2025, Aethir achieved $127.8 million in revenue and deployed over 440,000 GPU containers globally.
Korea's National Tax Service launches preparatory work for virtual asset taxation, targeting implementation in January of next year
the Korea National Tax Service has initiated preparatory work for virtual asset taxation, with the goal of formal implementation in January 2027 and preparation for comprehensive income tax filings in May 2028. According to the current Income Tax Act, income from the transfer and leasing of virtual assets will be classified as "other income," subject to a 22% tax rate on the portion exceeding an annual gain of 2.5 million Korean won, which is expected to affect approximately 13.26 million individuals.The Korea National Tax Service plans to begin collecting data from exchanges such as Upbit, Bithumb, Coinone, Korbit, and Gopax starting next year, to improve the taxation infrastructure and promote the launch of a comprehensive virtual asset analysis system within the year. However, controversies surrounding taxation standards and the risk of capital flight persist. (Edaily)
Bithumb to List BLEND/KRW Trading Pair
According to the official announcement, Bithumb will list the Fluent (BLEND) / KRW trading pair.
Bithumb to Launch PRL/KRW Trading Pair
According to the official announcement, Bithumb will list the PRL/KRW trading pair.
Bithumb, South Korea’s second-largest cryptocurrency exchange, has launched a flexible staking product for Story (IP).
According to the official announcement, Bithumb has launched a flexible staking product for Story (IP), adding it to its existing lineup of 15 assets—including ETH, SOL, and TRX. The incentive campaign will run from April 21 to 27, with a total prize pool of 200 million KRW. $IP is the native token of the Story protocol. Story positions itself as an on-chain IP infrastructure for AI, supporting IP registration, programmable licensing, and automated revenue distribution for datasets, models, and AI-generated content.
Bithumb to List CHIP/KRW Trading Pair
According to the official announcement, Bithumb will list the CHIP/KRW trading pair.
Bithumb to List BASED
Odaily News According to an official announcement, South Korean cryptocurrency exchange Bithumb will list BASED on the Korean Won market.
Related news
Korea's National Tax Service launches preparatory work for virtual asset taxation, targeting implementation in January of next year
the Korea National Tax Service has initiated preparatory work for virtual asset taxation, with the goal of formal implementation in January 2027 and preparation for comprehensive income tax filings in May 2028. According to the current Income Tax Act, income from the transfer and leasing of virtual assets will be classified as "other income," subject to a 22% tax rate on the portion exceeding an annual gain of 2.5 million Korean won, which is expected to affect approximately 13.26 million individuals.The Korea National Tax Service plans to begin collecting data from exchanges such as Upbit, Bithumb, Coinone, Korbit, and Gopax starting next year, to improve the taxation infrastructure and promote the launch of a comprehensive virtual asset analysis system within the year. However, controversies surrounding taxation standards and the risk of capital flight persist. (Edaily)
Bithumb to List BLEND/KRW Trading Pair
According to the official announcement, Bithumb will list the Fluent (BLEND) / KRW trading pair.
Bithumb to Launch PRL/KRW Trading Pair
According to the official announcement, Bithumb will list the PRL/KRW trading pair.
Bithumb, South Korea’s second-largest cryptocurrency exchange, has launched a flexible staking product for Story (IP).
According to the official announcement, Bithumb has launched a flexible staking product for Story (IP), adding it to its existing lineup of 15 assets—including ETH, SOL, and TRX. The incentive campaign will run from April 21 to 27, with a total prize pool of 200 million KRW. $IP is the native token of the Story protocol. Story positions itself as an on-chain IP infrastructure for AI, supporting IP registration, programmable licensing, and automated revenue distribution for datasets, models, and AI-generated content.
Bithumb to List CHIP/KRW Trading Pair
According to the official announcement, Bithumb will list the CHIP/KRW trading pair.
Bithumb to List BASED
Odaily News According to an official announcement, South Korean cryptocurrency exchange Bithumb will list BASED on the Korean Won market.