
South Korea reviews crypto market-making rules after JPYC peg spike on Upbit
Regulators are reconsidering restrictions on crypto market making after the Japanese yen stablecoin JPYC traded at four times its peg on Upbit this month.
We use cookies for anonymous analytics and ad measurement to improve the site. Cookie policy.
Original coverage across the crypto market, updated daily.

Regulators are reconsidering restrictions on crypto market making after the Japanese yen stablecoin JPYC traded at four times its peg on Upbit this month.
Bearish traders lost over $1 billion in 24 hours as the total crypto market cap climbed 3.7%.
Bearish traders faced $1.06B in short liquidations as crypto market cap climbed 3.7% in a day.

Support from major firms fails to boost Clarity Act chances; BitMEX announces closure as crypto market narrows to five key players.
Brent crude hits $90 amid escalating Iran war, raising Fed rate hike expectations and pressuring Bitcoin.
The Digital Asset Market Clarity Act aims to establish a federal framework for crypto regulation in the United States.

Mixed comments from President Trump and Fed Chair Kevin Warsh inject uncertainty into crypto markets.

Bitcoin posted its worst weekly close since H2 2024, but Changpeng Zhao and a key RSI divergence signal potential recovery.

TRM Labs reports that onchain gambling reached $51 billion in 2025, with a resilient $14B quarter despite the crypto market downturn.
Short liquidations pushed the total crypto market cap toward $2.15 trillion Monday.
The U.S. dollar hit a two-month high on strong jobs data, pressuring Bitcoin and other risk assets.

The crypto market experienced its largest weekly decline since the FTX collapse, with nearly $390 billion in value erased.