MemeCore Announces Strategic Entry into South Korea with Acquisition of KOSDAQ-Listed Company
SEOUL, South Korea, June 5, 2025 /CNW/ -- MemeCore, the world's first Layer 1 blockchain purpose-built for the Meme 2.0 movement, has officially announced the commencement of its acquisition process for a KOSDAQ-listed company, marking a significant step in its expansion into the South Korean market.
As a pioneer in the viral economy, MemeCore aims to redefine meme coins as lasting cultural and economic assets. The project introduces a new paradigm — Meme 2.0 — driven by its proprietary consensus algorithm, Proof of Meme (PoM), which enhances the on-chain value and connectivity of diverse community-driven meme coins.
MemeCore has recently drawn global attention after becoming the second-largest holder of $TRUMP and participating in an exclusive private dinner hosted by U.S. President Donald Trump. The invite-only event, reserved for the top 25 holders of $TRUMP, saw MemeCore co-founder ICE in attendance, signaling the growing influence and recognition of the project on the world stage.
"By acquiring a KOSDAQ-listed company, we aim to establish a stronger foothold in South Korea — one of the most active markets in crypto trading — and further accelerate our expansion into the region," said Jun, CEO of MemeCore.
The acquisition is a strategic move that positions MemeCore for ISMS certification and Virtual Asset Service Provider (VASP) registration in Korea. This milestone will also provide the groundwork for a robust domestic dApp ecosystem built on MemeCore's native mainnet. The acquired company is expected to realign its business operations to focus on Web3 innovation and digital assets.
MemeCore is currently in negotiations and conducting due diligence with several listed companies. Upon completion of the acquisition, the project plans to sequentially launch MRC-20 token services and community-powered dApps tailored for the Korean market.
MemeCore is the first Layer 1 blockchain purpose-built for Meme 2.0 — a paradigm shift that redefines meme coins from fleeting trends into long-term cultural and economic movements. Through the viral economy model, MemeCore rewards content virality and transaction activity, ensuring that every meaningful interaction becomes part of a value-generating, sustainable ecosystem.
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TORONTO, June 6, 2025 /CNW/ - Global X Investments Canada Inc. ("Global X") is pleased to announce the distribution amounts per security (the"Distributions") for its exchange traded funds (the " ETFs"), as indicated in the table below. (1) Distributions for Global X Bitcoin Covered Call ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded ticker BCCC.U. The approximate U.S. dollar equivalent distribution rate for BCCC.U is $0.10245 per security. For securityholders who hold the U.S. dollar traded BCCC.U, the securityholder's account holder will typically convert distribution payments to U.S. dollars. (2) Distributions for Global X Enhanced Bitcoin Covered Call ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded ticker BCCL.U. The approximate U.S. dollar equivalent distribution rate for BCCL.U is $0.12805 per security. For securityholders who hold the U.S. dollar traded BCCL.U, the securityholder's account holder will typically convert distribution payments to U.S. dollars. Distributions for the ETFs will vary from period to period. For further information regarding the Distributions, please visit About Global X Investments Canada Inc. ( Global X Investments Canada Inc. is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Global X Fund family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Global X has more than $41 billion of assets under management and 142 ETFs listed on major Canadian stock exchanges. Global X is a wholly-owned subsidiary of the Mirae Asset Financial Group, which manages more than $900 billion of assets across 19 countries and global markets around the world. Commissions, management fees, and expenses all may be associated with an investment in products (the "Global X Funds") managed by Global X Investments Canada Inc. The Global X Funds are not guaranteed, their values change frequently, and past performance may not be repeated. Certain Global X Funds may have exposure to leveraged investment techniques that magnify gains and losses which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The Global X Money Market Funds are not covered by the Canada Deposit Insurance Corporation, the Federal Deposit Insurance Corporation, or any other government deposit insurer. There can be no assurances that the money market fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the Funds will be returned to you. Past performance may not be repeated. 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