Market is down with $BTC trading below 110k at $109,016 and $ETH below 4k at $3,872. Bitcoin dominance stands at 59.03%.
Naver announced plans to acquire Dunamu, operator of Korea’s largest exchange Upbit, in a deal aimed at building a KRW-pegged stablecoin and expanding into digital finance. Beyond stablecoins, the move highlights a broader convergence between Korea’s top internet platform and its dominant crypto exchange, creating a powerful new fintech player (see below).
A few other headlines include: $XPL goes live and is trading at a $2.3B market cap, SEC Chair Atkins says the agency will “enforce laws where indicated” in response to crypto conflict-of-interest concerns, and Gate launches a new Layer 2 using OP Stack.
Over the past 24 hours, the top three gainers were $OKB, $MYX, and $LEO, while the top three losers were $AVNT, $IP, and $0G.
