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Crypto

Exchanges push to cut fee reliance as digital asset results freeze

South Korean digital asset exchanges are accelerating efforts to diversify revenue as trading values fall and profitability weakens. The five biggest won-market exchanges logged $27.8 billion in trading from May 1 to 17, down from earlier months. Dunamu and Bithumb reported sharp first-quarter declines in revenue and operating profit, with trading fees accounting for nearly all sales. Exchanges are expanding partnerships, overseas ventures and Web3 infrastructure, while facing regulatory uncertainty.

Crypto

Stablecoin land grab intensifies as banks and fintech form alliances

South Korea\'s finance and fintech sectors are stepping up competition to pre-empt the stablecoin market even as legislation remains stalled in parliament. Banks are moving to secure issuance rights through consortia and technology partners, while fintech firms and exchanges focus on controlling mainnets and payment networks. Global players are also positioning in networks and settlement infrastructure. The article says the battle for won and dollar stablecoin leadership is already under way.

Crypto

Bitcoin rebounds as quantum computers threaten crypto security

The crypto market in the final week of April is marked by a strong Bitcoin rebound, a stalled U.S. Clarity Act in the Senate, and rising concerns over quantum computing as a security threat. Debate also intensifies over XRP’s price outlook, while stablecoin regulation draws focus amid European MiCA-driven growth and U.S. legislative delays. Industry worries grow in South Korea as digital-asset legislation remains held up in parliament.