Court Approves Seizure of Do Kwon's 17 Billion Won in Crypto Assets in Hong Kong
The Seoul Southern District Court's Criminal Division 13 (Judge Kim Sung-eun) has approved the prosecution's request to seize approximately 17 billion won worth of crypto assets that former Terraform Labs CEO Do Kwon entrusted to the Hong Kong custodian Hex Trust, as exclusively reported by Digital Asset. The approval was made on March 25th. Asset seizure is a measure to prevent suspects from hiding or disposing of proceeds from criminal activities during investigation or before trial. Hex Trust is a Hong Kong crypto asset custodian and a partner and investment destination of TFL. This seizure of overseas assets is separate from the approximately 233.3 billion won domestic asset seizure of Do Kwon's real estate and vehicles in March 2023.
ETH Spot ETF Experiences 556 Million Won Net Outflow
According to Passaید Investor, on the 10th local time, the US Ethereum (ETH) spot ETF saw a total net outflow of 38.3 million dollars (approximately 556 billion won). This marks the third consecutive trading day of net outflow. Fidelity FETH saw 36 million dollars, VanEck ETHV 4.4 million dollars, Bitwise ETHW 2.5 million dollars, and Grayscale ETHE 2.3 million dollars in net outflows. In contrast, BlackRock ETHA saw 6.4 million dollars in net inflow.
[The rest of the translation continues in the same manner, maintaining the specified translations for specific terms and translating the rest of the text to English.]Binance announced that it will list PROMPT perpetual futures on April 11 at 3:30 PM (Korean time).
Bybit Lists PUMP Perpetual Futures
Bybit announced through its official website that it has listed PUMP/USDT perpetual futures today at 6 PM (Korean time), supporting up to 20x leverage.
Bithumb to Start BABY Trading at 6 PM
Bithumb announced the listing time for Babylon (BABY). It will be today at 6 PM. Bithumb had previously previewed the BABY listing.
Bithumb Delays BABY Listing
Bithumb announced through its official website that it is delaying the listing time for Babylon (BABY) in the KRW market from 6 PM to 8 PM today.
Long/Short Ratios for BTC Perpetual Futures at Top 3 Futures Exchanges
Here are the long and short position ratios for BTC perpetual futures over the past 24 hours based on open interest at the world's top 3 cryptocurrency futures exchanges:
Overall Exchanges: Long 49.89% / Short 50.11%
1. Binance: Long 49.43% / Short 50.57%
2. OKX: Long 49.96% / Short 50.04%
3. Bybit: Long 49.72% / Short 50.28%
Analysis: "BTC Likely to Show Short-Term Weakness Due to Recession Concerns"
An analysis suggests that BTC may show short-term weakness as recession concerns spread. Marcus Thielens, CEO of 10x Research, explained, "Recession concerns are spreading due to widening credit spreads in the bond market. There is also a possibility of strength in the long term if interest rates are cut."
FTX Address Unstakes 186,000 SOL
Paxful reported that the FTX/Alameda address has unstaked 186,000 SOL ($21.56 million).
Analysis: "BTC Forming Resistance at $84,000, Could Reach $96,000 if Broken"
According to a report by CryptoQuant on the 10th (local time), as reported by CoinTelegraph, "Bitcoin is forming a resistance line at $84,000, and if this is broken, it could rise to $96,000".
BTC Surpasses $81,000
According to Coinness market monitoring, BTC has surpassed $81,000. On the Binance USDT market, BTC is trading at $81,022.6.
