Month: March 2025

According to a report from Yonhap, this crypto frenzy means that over 30% of South Korea’s population has a crypto exchange account. And no, they’re not just counting your cousin who opened 12 accounts to get those sweet sign-up bonuses. The data comes from the top five domestic exchanges: Upbit, Bithumb, Coinone, Korbit, and Gopax. 🏦

As the month of March 2025 rolls out like a fancy carpet for Bitcoin’s hashrate, we’re looking at numbers that would make your calculator weep. We’re talking 862 exahash per second (EH/s) – that’s like a gazillion hashes per nanosecond. But hey, miners are earning less since the halving. Sad trombone, anyone?

In the grand theater of finance, Bitcoin has been a loyal companion to the S&P 500 and Nasdaq indices over the years. But lo and behold! In just three trading sessions, the S&P 500 has managed to vaporize a staggering $2 trillion of investors’ wealth. And the drama doesn’t end there—after the curtain fell on Friday, S&P 500 futures took a nosedive, erasing an additional $120 billion in mere moments, as reported by The Kobeissi Letter. Talk about a plot twist! 🎭

Democrat and Banking and Finance Committee chair Avelino Valencia, armed with the courage of a modern-day knight, amended the bill on March28. This valiant act transformed the “Money Transmission Act” into the more avant-garde “Digital assets.” A stroke of genius, or perhaps a mere slip of the pen, but the effect remains the same.

Tokenimist, that trusty chronicler of all things crypto, informs us that this release amounts to a mere 2.03% of the Sui’s (SUI) current supply, which is a rather impressive 3.17 billion SUI. However, with only 31.7% of the entire 10 billion SUI maximum supply currently in circulation, it seems there’s plenty more where that came from.