Bithumb Claims Larger Slice of Korea's Crypto Space Ahead of IPO
After years spent in the shadow of larger rival Upbit, crypto exchange Bithumb is clawing back a more meaningful share of South Korea's tightly held digital-assets market.
Bithumb now consistently accounts for about a quarter of the country's massive crypto trading volumes, up from a single-digit market share in 2023, according to Kaiko data.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
42 minutes ago
- Yahoo
A smuggled North Korean smartphone reveals how the regime censors information, including screenshotting users activities every five minutes
A smartphone smuggled out of North Korea sheds light on how the regime tightly censors content. Measures include automatically replacing popular South Korean words with regime-approved terms and recording screenshots of user activity for officials to review. A smartphone smuggled out of North Korea has given a glimpse into how Kim Jong Un's regime censors information in the isolated and secretive country. The phone, which was smuggled out of the country late last year by a Seoul-based media organization, Daily NK, and later obtained by the BBC, was programmed to censor certain language and record screenshots of the user's activity. The smartphone does not have access to the internet as North Korea blocks information from outside the country. According to a BBC report, the smartphone takes screenshots of the user's actions every five minutes and saves them in a file the user can see but not open. Only the North Korean authorities can open the files, allowing them to review what users are looking at. Popular South Korean words like 'oppa,' which literally translates to big brother but has become South Korean slang for a boyfriend, are automatically replaced with the word 'comrade.' Users also receive a warning; in this example, it said: 'This word can only be used to describe your siblings.' The Korean word for 'South Korea' is also replaced with 'puppet state.' This reflects a broader effort by the regime to eliminate South Korean cultural influence and control citizens, even down to how people speak. North Korea is one of the most isolated and authoritarian countries in the world and has been ruled by the Kim dynasty since its founding in 1948. The regime maintains strict control over its population through surveillance, propaganda, and an extensive network of informants. Citizens are cut off from the global internet, and even minor infractions, such as watching foreign media, can result in severe punishment. Recently, South Korea has been smuggling more foreign content into the neighboring state as part of a covert 'information war.' The aim is to expose North Koreans to the outside world, especially what life is like for people in South Korea, who experience more freedom and wealth. South Korea and various NGOs employ multiple tactics to do this, including blaring loudspeakers at the border and secretly distributing USB sticks and SD cards filled with K-dramas, pop songs, and pro-democracy material into North Korea. The underground effort is run by NGOs like Unification Media Group (UMG). North Korea has intensified its crackdowns in response, enforcing stricter laws, surveillance, executions, and 'youth crackdown squads' that police citizens' behavior and language. Efforts to smuggle the restricted information into North Korea have also been impacted by President Trump's cuts to foreign aid projects. The administration has reduced funding for key media projects that are working on getting information into the country, like Radio Free Asia and Voice of America. This story was originally featured on
WIRED
an hour ago
- WIRED
Trumpworld Is Fighting Over 'Official' Crypto Wallet
Jun 4, 2025 1:27 PM The President's sons are feuding with the organization behind the TRUMP memecoin, as both parties claim to be involved in launching Trump-affiliated crypto wallets. Photograph: Bloomberg/Getty Images As Donald Trump and his family stretch into nearly every corner of the cryptocurrency sector, a dispute has broken out over which corporate entities are permitted to wield the Trump brand to promote the crypto products they launch. On Tuesday, the X account for the US president's TRUMP memecoin—which is administered by Fight Fight Fight LLC, formed by longtime Trump ally Bill Zanker—announced plans to launch a crypto wallet and trading platform in partnership with NFT marketplace Magic Eden. The corresponding website, first identified by independent crypto researcher Molly White, pitches the product as 'the official $TRUMP wallet by President Trump.' However, in X posts of their own, Eric and Donald Trump Jr. later repudiated the announcement, which they claimed had not been greenlit by the family. Eric Trump implied that The Trump Organization, the holding company for many of the family's business ventures and intellectual property, could take action against Magic Eden. 'This project is not authorized by [The Trump Organization],' wrote Eric on X. 'I would be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization,' he added, tagging the Magic Eden handle. In a separate post, Donald Trump Jr. revealed that a separate crypto wallet is under development at World Liberty Financial, a crypto company that he and Eric helped to launch in September last year. 'Stay tuned—World Liberty Financial, which we have been working tirelessly on, will be launching our official wallet soon,' he wrote. World Liberty Financial and Fight Fight Fight did not respond immediately to requests for comment. The White House and Magic Eden declined to comment. Eric Trump did not respond directly to questions from WIRED, saying only, 'I know nothing about this project nor is there any contractual relationship.' To some cryptowatchers, the initial wallet announcement made by Fight Fight Fight had the ring of truth about it, not least because it was coming from the organization behind the TRUMP memecoin. In the last year, despite a chorus of complaints relating to alleged abuses of office and conflicts of interest, the Trump family has forged into almost every segment of the crypto market, from stablecoins, to memecoins, crypto investment products, and bitcoin mining. To launch a crypto wallet appeared to some as a plausible next step: 'It makes perfect sense for anyone who has their eye on where the puck is going,' says Brad Harrison, head of crypto platform Venus Labs. The dispute over the wallets soon to be launched by World Liberty Financial and Fight Fight Fight, though, marks the second time in as many weeks that Trump-affilitated entities have thrown themselves into competition with one another as expansion on multiple fronts complicates the family's crypto empire. On May 27, Trump Media and Technology Group, a publicly traded company in which the Trump family owns a majority stake, announced it had raised $2.5 billion to accumulate a 'bitcoin treasury.' The deal puts the conglomerate in competition with a growing stable of bitcoin accumulation stocks, which act as a substitute of sorts for investing in bitcoin—among them American Bitcoin, the crypto mining firm launched recently by Eric and Donald Trump Jr., which is pursuing a similar strategy. The wallet conflict also underlines the inscrutability of the relationships and interplay between The Trump Organization, Trump Media and Technology Group, World Liberty Financial, American Bitcoin, Fight Fight Fight, and the Trump family. The full ownership structure of Fight Fight Fight is obfuscated by layers of corporate filings unavailable to the public. The X posts by Eric and Donald Trump Jr. on Tuesday appear to allege that, as the leaders of The Trump Organization, they reserve the right to limit the company's use of their family name to the TRUMP memecoin. Meanwhile, though World Liberty Financial has sought to underline its independence from Donald Trump's political affairs—'We're a private company having private-sector conversations,' wrote World Liberty Financial cofounder Zak Folkman in a recent statement—the wallet dispute has underscored its entanglement with the president's family brand. In his X post on Tuesday, Donald Trump Jr. appeared to present the crypto wallet soon to be issued by World Liberty Financial as the real Trump family wallet, as set against what he alleges is the unauthorized Trump-branded wallet backed by Magic Eden. In cryptoland, confusion reigns: 'Not really sure what's real and what's not,' says Tom, the pseudonymous leader of peer-to-peer crypto exchange Raydium. In the wider crypto industry, the ease with which anybody can put any name to an undifferentiated crypto product has long created problems, claims Cory Klippsten, CEO at bitcoin services company Swan Bitcoin. 'In crypto, it's far too easy to spin up scams masquerading as innovation,' alleges Klippsten, 'especially when you can hijack a brand and pump a token before anyone asks who's behind it.'
The Verge
an hour ago
- The Verge
LG's first 5K ultra-wide monitor with Thunderbolt 5 is made for data crunchers
LG has announced a new 40-inch Thunderbolt 5 monitor with an ultrawide 21:9 aspect ratio, and the company is being very upfront about who it's for: people who love crunching data and want more room to do that. The new LG UltraFine 40WT95UF is designed to 'meet the needs of data-intensive industries such as finance and IT,' according to a release from the company today. But it may still appeal far beyond that, with a 120Hz refresh rate and support for AMD's FreeSync Premium to help reduce screen tearing and flickering. Although LG is promoting the 40WT95UF as the 'world's first 5K2K monitor to support Thunderbolt 5,' it's not the company's first display to incorporate the latest iteration of the high-speed transfer protocol. The company previously announced another UltraFine model with Thunderbolt 5 support at CES 2025 with a 6K resolution. The model announced today features slightly less resolution at 5,120x2,160 pixels, but spread across a much wider panel making it better suited for organizing and laying out multiple windows and applications. Unfortunately, as with the announcement of the 6K display in January, LG hasn't said when its new UltraFine 40WT95UF will ship, how much it will cost, or who will be able to purchase one. LG's press release says the display will help strengthen the company's 'B2B market presence' which could potentially mean this new model won't be sold directly to consumers. Other features of the UltraFine 40WT95UF include both picture-in-picture and picture-by-picture functionality, LG's IPS Black panel technology, and USB-C, USB-A, HDMI, DisplayPort 2.1, and RJ45 ports. When using the monitor's Thunderbolt 5 USB-C port data transfer speeds of up to 80Gbps will be available. LG doesn't specifically say whether Intel's Bandwidth Boost mode is supported, which can boost transfer speeds to up to 120Gbps.
