South Korea's FIU is blocking the websites of 27 unregistered offshore crypto exchanges, on top of earlier payment and app-store limits. Platforms serving Korean users without registration lose web access too, and Crypto Briefing counts only 27 to 28 registered domestic platforms.
Perspective Coverage
8 publishers
- Builder
- Builder 17%
- Operator
- Operator 46%
- Investor
- Investor 37%
Reality
- Evidence80
- Adoption
- Not scored
- Hype gap+10
- Incentives55
- Confidence80
Centralized crypto exchanges added more September volume in spot than in perpetual futures
Spot trading on centralized crypto exchanges rose 20% to $973 billion in September, a gain of about $162 billion. That beat exchange perpetuals on both dollars and growth rate, though the quarterly record still points traders toward perps and DEXs.
Reality
- Evidence40
- Adoption50
- Hype gap+20
- Incentives
- Not scored
- Confidence40
The exchange reports $5.36m of reserves, most of it its own token, against CoinMarketCap volume of $272.6m. The proof-of-reserves report it promised in May is now 90 days late.
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+45
- Incentives60
- Confidence50
Fogo stops its whole chain to contain 400 million tokens leaving its own wallets
Roughly 400 million FOGO, about 4% of supply and some $3 million, left foundation wallets, and containing it took a full network halt, which tells holders where the keys and the stop button both sit.
Reality
- Evidence30
- Adoption30
- Hype gap+14
- Incentives74
- Confidence36
The exchange promised proof of reserves on May 23 and has not delivered it. Its founder now says he will take his own staff's unpaid-wage claims to the police.
Reality
- Evidence54
- Adoption48
- Hype gap+42
- Incentives72
- Confidence57
The growth market on crypto venues is SK Hynix, not tokens
HIP-3 open interest is past $4 billion, and roughly a fifth of it sits in two contracts on one South Korean memory maker. Concentration, not tokenization, is the story.
Reality
- Evidence28
- Adoption58
- Hype gap+34
- Incentives66
- Confidence33