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$PYTH IS FACING HEAVY SELLING PRESSURE FROM SMART MONEY POSITIONS 📉 Entry: 0.0406 🔥 The bears are in control of $PYTH right now with significant conviction. Data shows 300 smart money accounts holding

2026 World Cup Posting Challenge on HTX Square

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World Cup Predictions: 100,000 USDT DailyHTX Invites You to Share 600K USDT in Gift PacksBTC Prophet: 20-Day 380 Million HTX ChallengeSouth Korea has seen cryptocurrency-based overseas remittances cli

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South Korea has seen cryptocurrency-based overseas remittances climb 380% in the past three years, outpacing growth in traditional bank transfers as financial institutions increase their focus on blockchain-powered payment services.






Summary






Cryptocurrency remittances through South Korea’s five largest won based exchanges have climbed 380% since 2022, reaching 163.55 trillion won last year.



Overseas transfers through South Korea’s five major banks grew 20% over the same period, totaling about 1,590 trillion won in 2025.



South Korean banks are expanding their focus on stablecoins and blockchain payments as the country prepares to launch a regulated virtual asset transfer framework in December.








According to a SBS Biz report, remittances processed through South Korea’s five largest won-denominated cryptocurrency exchanges rose from 34.02 trillion won ($26.2 billion) in 2022 to 163.55 trillion won ($125.8 billion) last year. The figures were cited from data provided by the office of Congressman Kim Sang-hoon.



The report showed that foreign currency remittances handled by the country’s five major commercial banks reached 1.108 trillion dollars in 2025. Based on the annual average exchange rate, that amounted to about 1,590 trillion won. In 2022, the same banks processed 1.009 trillion dollars, equivalent to roughly 1,318 trillion won, resulting in growth of about 20% over the three-year period.



Hwang Seok-jin, a professor at Dongguk University’s Graduate School of International Information Protection, told SBS Biz that lower transaction costs may have encouraged consumers to use cryptocurrency platforms instead of banks for overseas transfers.



The broadcaster reported that a customer sending $20,000, about 30 million won, through a commercial bank would pay a remittance fee of roughly 25,000 won (app

South Korea has seen cryptocurrency-based overseas

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Ripple announced that the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) has issued a Green Light Letter granting preliminary CASP approval under the EU’s Markets in Crypto-Assets (

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$SCR IS APPROACHING A CRITICAL SUPPORT ZONE FOR A POTENTIAL REVERSAL 🎯 Entry: 0.0311 - 0.0318 🔥 Target: 0.0328, 0.0345, 0.0360 🚀 Stop Loss: 0.0298 ⚠️ $SCR is currently testing a defined demand zone th

DeXe price has surged 54% to a new yearly high after a technical breakout and a sharp rise in trading volume triggered aggressive buying activity.
 
 
 
 
 
 
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Here’s why DeXe price soared over 50% today

World Cup Predictions: 100,000 USDT DailyHTX Invites You to Share 600K USDT in Gift PacksBTC Prophet: 20-Day 380 Million HTX ChallengeHut 8 to pay $2.35 million to settle investor suit over U.S. Bitco

Hut 8 to pay $2.35 million to settle investor suit over U.S. Bitcoin mergerFormer bitcoin miner Hut 8 (HUT) agreed to pay $2.35 million to settle a securities class action alleging it misled investors in connection with its 2023 merger with U.S. Bitcoin Corp. (USBTC).

The lawsuit, filed in the U.S. District Court for the Southern District of New York, focused on Hut 8's all-stock merger with USBTC, which closed in November 2023.

Investors alleged the company, which now focuses on AI data centers and high-performance computing, overstated the transaction's benefits while failing to disclose persistent energy curtailment and internet connectivity issues at King Mountain, a Texas bitcoin mining joint venture in which USBTC held a 50% interest.

The litigation gained momentum after short seller J Capital Research published a critical report in January 2024, prompting a slide of more than 23% in Hut 8's share price.

According to a court filing, the $2.35 million recovery represents roughly 19.6% of the estimated maximum recoverable damages, exceeding the 12.9% median and 14.6% average recovery rates for Securities Act-only settlements in 2025.

As part of the agreement, Hut 8 denies any wrongdoing or liability. Hut 8 shares have gained more than 640% over the past year.

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Hut 8 to pay $2.35 million to settle investor suit

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