Crypto Markets & On-Chain Ecosystem Developments

South Korea's Consumer Dispute Resolution Committee ruled on the 29th that digital asset exchange Bithumb must compensate API event participants by waiving 100,000 won worth of trading fees per customer. The ruling addresses a collective dispute case where Bithumb retroactively changed event terms i

South Korea's Ministry of Science and ICT and the Korea Internet & Security Agency (KISA) are supporting 23 domestic blockchain companies at GITEX AI EUROPE 2026 in Berlin from June 30 to July 1. The government formed a 'Team Korea' initiative with local governments and related organizations to

Dunamu, the operator of Upbit, announced on the 29th that it invested 62.7 billion won in information security over the past 5 years, continuously expanding investment to strengthen security capabilities. The company invested approximately 24.3 billion won in 2025, a 64.7% increase from the

According to Digital Asset analysis on June 29, five Korean stock-tracking perpetual futures on Binance recorded cumulative trading volume of $12.678 billion since their respective launches. SK Hynix perpetuals (SKHYNIXUSDT) led with $6.66 billion, launched on June 2. The EWY (iShares MSCI Korea) pe

According to Hyperliquid, on June 29, SK Hynix (SKHYNIX-USDC) perpetual futures recorded 24-hour trading volume of $231.92 million, ranking 5th on the platform behind BTC, ETH, SOL, and HYPE. The volume exceeded S&P 500 ($141.13M) and Nasdaq-100 tracking futures ($180.45M) on the same

According to LD Capital founder Jack Yi, Bitcoin is currently in its third downward phase since October and could bottom at $51,000–$43,000 based on Elliott Wave and cycle theories. Yi noted that this decline may represent the last major bearish wave of the bear market, with key determining

According to South Korea's Ministry of Science and ICT and the Korea Internet & Security Agency (KISA), on June 29, 23 domestic blockchain companies will participate in GITEX AI EUROPE 2026, held from June 30 to July 1 in Berlin, Germany. The government and regional authorities are establishing a un

According to Seoul South District Court on June 29, Lee, the actual operator of Queen Bee Company (QBZ exchange operator), and three other defendants were acquitted of charges related to violating political fund laws. Judge Ko Seo-young ruled that the 100 million won in questioned funds could not

According to South Korea's Consumer Dispute Settlement Commission, on June 29, the commission ruled that cryptocurrency exchange Bithumb must refund trading fees of 100,000 won (approximately $77 USD) to each customer affected by its November 2025 API event. The commission determined that Bithumb i

From 16:00 to 20:00 UTC on June 29, 2026, ETH fluctuated within the range of 1,577.21 to 1,583.82 USDT, with an amplitude of 0.42% and a yield of -0.15%, showing a moderate pullback. During this period, market attention remained stable, but volatility expanded compared to the earlier period, with bulls and bears in a standoff near the $1,580 level. The main driver of this anomaly was technical selling pressure and market competition near key technical levels. Although the -0.15% decline falls wi

Ethereum futures positioning remained largely unchanged despite recent volatility and declining prices across key trading sessions. Market participants showed limited conviction as open interest stayed stable throughout June’s trading range. Long-term valuation metrics indicate

Ethereum futures positioning remained largely unchanged despite recent volatility and declining prices across key trading sessions. Market participants showed limited conviction as open interest stayed stable throughout June’s trading range. Long-term valuation metrics indicate

Revenue-generating protocols are increasingly replacing liquidity mining as DeFi matures beyond incentive-driven growth models Large token emission is not needed to attract users to lending, trading, staking and stablecoin platforms. Protocol sustainability now depends more on organic

XRP is trading at $1.06 and approaching a critical technical juncture as the cryptocurrency consolidates between a $1.01-$1.02 support zone and $1.04 resistance, according to market analyst Tektonic and data from CoinCodex. The asset has maintained position above key support across

According to Pierre Rochard, VP of Research at Riot Platforms, Bitcoin's 2024 halving cycle represents "the worst halving cycle in Bitcoin history." Bitcoin is currently trading near $60,000, roughly 50 percent below its all-time high of $126,000, after hitting that peak 37 days before the halving e

ALGO completed a confirmed W reversal before advancing 21.42%, validating a classic double-bottom technical structure. Buyers defended key support as ALGO traded at $0.08549, despite lower daily volume and mixed market participation. The latest recovery keeps attention on neckline support

ALGO completed a classic W/double-bottom breakout, rising ~21.4% after neckline resistance flipped to support. Buyers defended $0.08549 as volume cooled, with markets watching momentum for a sustained rally. Abstract: The analysis notes that Algorand (ALGO) completed a confirmed W reversal (double bottom), delivering a 21.42% rally as neckline resistance flipped to support. The price found defense at $0.08549 amid reduced daily volume, with buyers driving higher rebounds and optimism for further upside. Market data show a modest participation environment, with market cap around $764 million and daily volume near $36 million; volume remains the key test for sustaining the recovery.

Bybit announced on June 29 that it will progressively limit access to certain services on its global platform for residents of the European Economic Area. The exchange framed the move as part of ongoing

According to Grayscale, in its recent report, the cryptocurrency fund company identified the main factors behind Bitcoin's sharp decline from $83,000 in May to $60,000 in June. The firm cited four reasons: a shift in Federal Reserve interest rate expectations toward potential hikes rather than

According to Bybit, on June 29, the exchange announced it will progressively limit access to certain services on its global platform for residents of the European Economic Area, citing regulatory alignment ahead of the EU's Markets in Crypto-Assets Regulation (MiCA) taking full effect on July 1.