Crypto rumors spark panic in Korea, Binance airdrops for BNB hodlers: Asia Express
South Korean investors panic sell on altcoin delisting rumors, Binance to reward faithful BNB hodlers, Australian Bitcoin ETFs. Asia Express
Our weekly roundup of news from East Asia curates the industrys most important developments.
Roughly half of the altcoins listed on major Korean exchange Upbit have plunged between 10% to 20% in the past week amid rumors of an impending, but so far non-existent, regulatory crackdown.
As reported by ebn.co.kr, investors panic sold after seeing the widespread dissemination of fake news that “financial authorities will quarterly review 600 domestic virtual assets from next month and suspend trading of coins that do not meet listing maintenance standards.”
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Author: Zhiyuan Sun
