Former Ripple chief technology officer David Schwartz publicly backed Tether’s decision to freeze 42,417,785.62 USDT before a formal court order. The dispute stems from a civil case in the U.S. District Court for the Southern District of New York, where Thai businessmen seek release of the assets and damages. The freeze followed an informal request from U.S. Homeland Security Investigations, while a court order approving seizure was issued about four months later.

South Korea\'s KOSPI rebounded after three straight sessions of declines, soaring more than 1,000 points to post its biggest-ever rise in both percentage terms and points. Sentiment improved after U.S. technology and semiconductor stocks surged, with foreign and institutional investors concentrating buying in Samsung Electronics and SK Hynix. The KOSDAQ also rose sharply. Buy-side circuit breakers were triggered shortly after the open in both markets.