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South Korea’s Crypto Premium Drops Below 1% as Bitcoin and Ethereum Prices Align Globally

[May 22 7:10 AM] South Korea’s infamous crypto premium has diminished significantly, with bitcoin and ethereum prices now aligning closely with the weighted global averages, albeit with a minor premium. The BTC premium stands at 0.84%, while ETH’s…

Strategic Exploit: Crypto Traders Harvested $3 Billion From ‘Kimchi Premium’?

[Feb 12 12:30 PM] South Korea’s local media, Newsis, recently reported the case of certain crypto traders who had sent about $3 billion overseas in a bid to profit from the ‘Kimichi Premium.’ Interestingly, the court found 14 out of 16 of these traders not guilty…

South Korean Crypto Exchange Bithumb Eyes IPO in Move to Challenge Upbit’s Market Dominance

[Nov 12, 2023 5:00 PM] Local reports suggest that Bithumb, a prominent crypto exchange in South Korea, is contemplating a public listing in 2025. Insider information indicates that Bithumb is considering a debut on Kosdaq and might transition to the Korea Exchange…

Bitcoin Skyrockets, Yet South Korea Experiences a ‘Kimchi Discount’ Instead of the Usual Premium

[Oct 27, 2023 10:30 AM] Bitcoin has soared, doubling its value since the start of the year. Yet, intriguingly, the famed “Kimchi premium” in South Korea remains absent in this current surge of bullish activity. This is a notable deviation from previous bull…

Bitcoin Surges by More Than 37% Against US Dollar This Week, Taps $28K on Sunday

[Mar 19, 2023 1:30 PM] Bitcoin reached a high of $28,422 per unit on Sunday at around 3 p.m. Eastern Time as the leading cryptocurrency has continued to rise during the last week. Since last Sunday, bitcoin has increased in value by 37.9% against the U.S. dollar, and the…

South Korea’s Kimchi premium turns to discount

[Feb 19, 2023 11:49 PM] The "Kimchi premium" has flipped to discount again, and could be saying something about crypto market sentiment, at least in South Korea.

5 reasons why the Aptos (APT) rally could still have wings

[Jan 27, 2023 3:30 PM] Aptos’ star-studded founders and the market’s disbelief in the rally could further fuel the rise in APT price.

Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China

[Jan 10, 2023 4:30 PM] A newly-released study published in December 2022 reveals that South Korea’s “kimchi premium,” the divergence in cryptocurrency valuations on Korean exchanges compared to Western trading platforms, is strongly associated with a…

Report Shows Financial Troubles Plagued Bankman-Fried’s Alameda Research as Early as 2018

[Jan 2, 2023 9:30 AM] Before FTX collapsed it was assumed that Alameda Research was one of the top quantitative trading firms and market makers within the industry. However, much of that perception may have been a facade as a recent report details that Alameda suffered…