🚀 Korean Dongdaemun Market Merchants Deny USDT Payment Shift Reports
#KoreanMarket #Dongdaemun #USDT #Cryptocurrency #PaymentMethods
According to Odaily, merchants in South Korea's Dongdaemun Market have refuted claims about a widespread shift to using USDT for payments. Earlier this month, reports and posts on cryptocurrency forums suggested that many traders in the market were adopting USDT as a payment method. However, a journalist from the Korean media outlet Viewers stated that the notion of large-scale USDT adoption in the market is "far from the truth."#KoreanMarket #Dongdaemun #USDT #Cryptocurrency #PaymentMethods
🚀 Upbit's Trading Volume Surges with XRP Leading in Korean Market
#Upbit #XRP #KoreanMarket #TradingVolume #Cryptocurrency #BlockBeats #CoinGecko #AERGO #ORCA #BTC #COW
According to BlockBeats, CoinGecko data reveals that Upbit's trading volume reached $2.226 billion in the past 24 hours. The XRP/KRW trading pair dominated the Korean won market with a 20.22% share of the total volume. Other top trading pairs include AERGO, ORCA, BTC, and COW.#Upbit #XRP #KoreanMarket #TradingVolume #Cryptocurrency #BlockBeats #CoinGecko #AERGO #ORCA #BTC #COW
🚀 Matrixport: Weak Retail Participation Keeps Bitcoin Market in Prolonged Consolidation
#Matrixport #BitcoinMarket #RetailParticipation #CryptoMarket #Consolidation #KoreanMarket #PerpetualFutures #DerivativesMarket #InstitutionalParticipation #BitcoinETFs #SpotBitcoin #CashAndCarryArbitrage #FuturesSpotSpread #ETFDemand #BTC
Retail investor participation in the crypto market remains subdued, extending the current consolidation phase, according to analysis from Matrixport.In a chart released by the firm, Matrixport said retail engagement has stayed low over the past year. The firm pointed to trading volumes in the Korean market—often viewed as a proxy for retail activity—as evidence that meaningful buying demand from retail investors has yet to emerge.The lack of retail inflows has weighed on derivatives markets. With insufficient incremental spot demand, perpetual futures funding rates have remained depressed, limiting opportunities for leveraged long positioning. Low funding rates have also reduced returns from basis trading strategies, such as cash-and-carry arbitrage.As a result, institutional participation has remained measured. Matrixport noted that compressed arbitrage yields have constrained incremental inflows into spot Bitcoin ETFs, keeping overall ETF demand relatively moderate despite broader institutional interest.The firm said this dynamic aligns with its earlier assessment from March 2024, when it warned that without a retail-led rally widening the futures–spot spread, institutional capital allocation would be unlikely to accelerate meaningfully. #Matrixport #BitcoinMarket #RetailParticipation #CryptoMarket #Consolidation #KoreanMarket #PerpetualFutures #DerivativesMarket #InstitutionalParticipation #BitcoinETFs #SpotBitcoin #CashAndCarryArbitrage #FuturesSpotSpread #ETFDemand #BTC
🚀 Record Inflows into BlackRock's Korea ETF Amid Semiconductor Surge
#BlackRock #KoreaETF #semiconductor #SouthKorea #chipmanufacturers #SamsungElectronics #SKHynix #MSCIKoreaETF #inflownumber #investorconfidence #AI #memorystocks #techstocks #economicgrowth #Koreanmarket
BlackRock's ETF, heavily invested in South Korean chip manufacturers, witnessed a record single-day inflow of $281 million on Wednesday, marking the largest in its 25-year history. According to Jin10, this surge indicates a strong investor confidence in the Asian semiconductor market. The $13 billion iShares MSCI Korea ETF's top holdings include Samsung Electronics and SK Hynix, which have driven the Korean Composite Stock Price Index up by over 30% this year, reaching historic highs. Data shows that the ETF has accumulated over $3 billion in inflows over the past three months. Despite concerns over high valuations in artificial intelligence affecting broader tech stocks, investors are shifting towards memory manufacturers with clearer profit prospects. "As AI disruption anxiety sweeps through various industries, memory stocks are evidently the safe haven," said Dave Lutz, a trader and macro strategist at JonesTrading. "Samsung and Hynix continue to elevate the Korean market."#BlackRock #KoreaETF #semiconductor #SouthKorea #chipmanufacturers #SamsungElectronics #SKHynix #MSCIKoreaETF #inflownumber #investorconfidence #AI #memorystocks #techstocks #economicgrowth #Koreanmarket