Global

The South Korean cryptocurrency market has been plagued by high delisting rates, posing significant risks to investors. Over the past seven years, 34.9% of cryptocurrencies listed on South Korean exchanges have been delisted, with half surviving less than two years.

Binance, the world's leading cryptocurrency exchange, has announced the delisting of several trading pairs, including Algorand (ALGO), DigiByte (DGB), and GMX (GMX).

Bitcoin Cash (BCH) experienced a significant price surge in mid-October, raising questions about its future trajectory. While some analysts interpreted the move as a potential accumulation by whales, subsequent price action suggests that the bullish momentum may be waning.

The Toncoin (TON) network has witnessed a sharp decline in active addresses, marking its lowest levels since April. This downturn can be attributed to the underwhelming impact of recent Telegram airdrops, which failed to sustain user engagement and enthusiasm.

Despite the popularity of meme tokens, gaining listings on centralized exchanges remains a challenging process. Upbit, one of South Korea's leading crypto exchanges, has adopted a conservative approach to expanding its meme token offerings.

Metaplanet Inc., a Japanese investment firm, has successfully raised 10 billion yen ($66 million) through its recent stock acquisition rights exercise. This marks a significant step forward for the company as it continues to invest heavily in Bitcoin.