News linked to both this project and an event.
Trader Bonk Guy (Unipcs) posted that he has long considered USELESS to be this cycle's equivalent to DOGE, SHIB, or PEPE, yet many continue to disregard it. He noted that South Korea's two major centralized exchanges, Upbit and Bithumb, listed USELESS just hours apart today, granting it a major new distribution channel from one of the world's key crypto markets. Bonk Guy further emphasized that attention should remain on whether USELESS will be listed on Hyperliquid, Robinhood, or Binance Spot next. He argued that instead of debating whether USELESS will emerge as this cycle's flagship memecoin, focus should shift to how high its price can potentially reach, as the underlying pattern is becoming increasingly clear. He also noted that investors can either accumulate USELESS now or wait until its market cap reaches several billion dollars, perceiving that stage as "safer".
Odaily News: Bitcoin has once again shown a "kimchi premium" in the South Korean market. On September 1, the price of Bitcoin on Upbit, South Korea's largest cryptocurrency exchange, was approximately 1% higher in Korean won compared to Binance's dollar price. This premium has persisted for one week, marking the longest duration since early May.Bitcoin was priced at around $79,000 in early September, briefly surpassing $80,000 in August. U.S. spot Bitcoin ETFs saw net inflows of approximately $1.92 billion in the week of August 17, the highest single-week total in ten months; an additional $923 million flowed in during the week ending at the end of August.According to Upbit data, Bitcoin traded at a discount to international prices in the South Korean market for most of the summer, reaching a discount of 3.1% in early June and averaging a 0.25% discount in August. 10x Research noted that the premium in South Korea has turned positive, but spot trading volumes have not increased correspondingly. (Bloomberg)
Odaily News According to on-chain analyst Ai Yi's monitoring, Hyperliquid's largest LIT short position added $2.5 million in margin today, with a current floating loss of $5.605 million. The short position holds 2.528 million LIT tokens, valued at approximately $8.9 million, with an entry price of $1.3. After LIT was listed on Upbit today, its price surged briefly, prompting the short position to add margin to reduce liquidation risk. Currently, the margin for this single position stands at $7.16 million, with a liquidation price of $5.78.
According to The Block, South Korea's largest cryptocurrency exchange Upbit saw a 273% surge in trading volume over the past 24 hours, reaching approximately $1.84 billion and marking its highest single-day level since mid-March. XRP was the most traded cryptocurrency on the platform, with approximately $419 million in volume, followed by Bitcoin, USDT, and Ethereum.
Odaily News: According to Onchain Lens monitoring, the Ethereum Foundation Grants address (0x9eE...313D) transferred 566.27 ETH to an address, worth approximately $1.09 million; additionally, 2.62 ETH was transferred to another address associated with the Ethereum Foundation, which had previously moved funds to Upbit.
According to Upbit's announcement, South Korean crypto exchange Upbit will list Euler (EUL) on the Korean Won (KRW) market on July 26 at 12:00 (KST), supporting deposits and withdrawals on the Ethereum network. Within approximately 5 minutes after trading opens, buy orders and some sell orders will be restricted; within approximately 2 hours after opening, only limit orders will be supported. Euler is a decentralized finance lending protocol based on Ethereum, allowing users to create lending markets and deposit or borrow assets. Euler v2, launched in 2024, adopts a modular Vault structure, supporting users in building lending markets based on different assets and risk preferences, and can be extended to scenarios such as RWA, synthetic assets, and NFTs. The EUL token is primarily used for governance, Fee Flow bidding, and reward mechanisms.
据 ZDNet Korea 报道，韩国国内 5 大原币种虚拟资产交易所日交易额截至 7月 20 日约为 4127 亿韩元，较一年前骤降 88%。交易额下滑与比特币价格走低密切相关——比特币去年 10 月创下 12.6 万美元历史高点后持续回落，目前在 6 万美元初横盘。全球加密货币总市值同比下降 41%至约 2.32 万亿美元，业内人士将当前行情定性为"第二次加密冬天"。受此冲击，韩国头部交易所 Dunamu（旗下 Upbit）一季度营收及营业利润同比分别下滑 55%和 78%；中小交易所 Korbit 为维持运营，今年已三度出售持仓资产，仅近期便通过抛售 15枚 BTC 和60枚 ETH 套现约 16 亿韩元。
According to the official announcement, Upbit will terminate trading support for NKN (NKN) on June 15 at 14:00, affecting the NKN/BTC trading pair. Users must withdraw their funds before July 16; otherwise, related assets will no longer be processable.
South Korean trader Definalist stated on social media that Upbit’s recent listings of WIF and VVV may involve front-running behavior. He claimed that multiple addresses funded by Upbit’s hot wallet purchased WIF prior to its listing on Upbit and rapidly sold their holdings shortly after the listing. A similar pattern was observed with VVV. Additionally, he revealed that Upbit has recently been intensively testing the STABLE token, and suspected front-running wallets also engaged in purchases of this token.
According to on-chain analyst Ai Aunt (@ai9684xtpa), Wang Chun, co-founder of F2Pool, stated this morning at 07:21 that he sold 83.7 million SPK tokens last year and is now “somewhat regretful.” Subsequently, Upbit officially announced the listing of SPK at 10:20, and Spark announced at 20:06 that the total staked SPK supply had exceeded 500 million tokens. Market data shows SPK surged up to 73% within 24 hours and topped Binance’s gainers list.