CoinNess Global
28.9K subscribers
73K links
Download Telegram
[South Korea to press ahead with crypto tax in January, minister says]

South Korea will proceed as scheduled with taxation on digital assets in January, Deputy Prime Minister and Finance Minister Lee Hyoung-il said at a plenary meeting of the National Assembly’s planning and finance committee on Sept. 28.

Asked by People Power Party lawmaker Park Soo-young whether Lee could take responsibility if preparations for digital asset taxation were inadequate, Lee said he would. Lee also reiterated the government’s position that the tax, scheduled to take effect in January, will move forward as planned.

Lee added that around 85% of holders own less than 5 million won and said those with under 5 million won in holdings would face little or only minimal tax burdens because a basic deduction of 2.5 million won applies. For investors in their twenties and thirties, Lee said about 90% hold less than 5 million won, so the tax burden is not expected to be significant, while adding that the government will also look for supplementary measures to secure taxpayer acceptance if issues arise during implementation.
https://coinness.com/en/news/1170013
[RedotPay completes audit as part of U.S. IPO preparations]

Hong Kong-based stablecoin payments company RedotPay said it has completed a financial audit as part of its preparations for a U.S. initial public offering. Separately, RedotPay also completed a review of its anti-money laundering and counter-terrorism financing systems.

Both procedures were conducted by one of the Big Four accounting firms, although RedotPay did not disclose the specific firm. Audited financial statements must be included in a U.S. IPO prospectus, while the AML and CFT review is a separate listing-preparation process.
https://coinness.com/en/news/1170014
[Exchange BTC outflows average 16.1K a day, while futures buying stays weak]

Bitcoin is leaving cryptocurrency exchanges at a rapid pace, but futures markets still are not showing a buying advantage, according to CryptoQuant analyst Axel Adler Jr.

In a blog post, Adler said average daily net BTC outflows from exchanges over the past seven days stood at 16,100 BTC as of Sept. 27, the highest level since early October 2025. At the same time, the 30-day average of a positioning index tracking the balance between buying and selling in perpetual futures has remained in negative territory for six straight days since Sept. 23. Adler said a recovery in the index above zero while exchange net outflows continue could strengthen a bullish signal. On the other hand, Adler said selling pressure could intensify if exchange flows shift to net inflows while the index remains negative.
https://coinness.com/en/news/1170015
[South Korean officer indicted without detention over misused seized BTC]

A South Korean police officer has been indicted without detention for allegedly converting and concealing Bitcoin seized during an investigation, KBS News reported. South Korea’s Incheon District Prosecutors’ Office said on Sept. 28 that it had indicted a police lieutenant in the officer’s 40s from the Incheon Metropolitan Police Agency. The officer is accused of diverting about 0.033 BTC, worth 5.19 million won at the time, that had been seized from a drug offender in 2024, then cashing it out and using the proceeds.
https://coinness.com/en/news/1170016
See more: https://news.kbs.co.kr/news/pc/view/view.do?ncd=8672771
[Bitget resumes BTC withdrawals as 2,042 BTC moves to hot wallet]

Bitget has resumed BTC withdrawals. According to on-chain analyst ai_9684xtpa, 2,042.28 BTC ($169 million) has so far been moved to a Bitget hot wallet, while 3,457.72 BTC remains at an on-chain protection fund address.

Bitget had said withdrawals would be resumed in phases starting today, with BTC from 8:00 a.m. UTC on Sept. 28, ETH from 8:00 a.m. UTC on Sept. 29, and USDT from 8:00 a.m. UTC on Sept. 30.

The exchange had earlier disclosed that an unauthorized outflow of about $351.6 million from some hot wallets occurred on Sept. 25, when the security incident took place.
https://coinness.com/en/news/1170017
[BTC move above $84,082 may trigger $360.4M in short liquidations]

If BTC rises above $84,082, about $360.43 million in short positions could be liquidated across major centralized exchanges, according to CoinGlass data. If BTC falls below $82,620, about $148.72 million in long positions could be liquidated.
https://coinness.com/en/news/1170018
[THORChain says it cannot block individual hack-linked addresses]

Cross-chain decentralized exchange THORChain (RUNE) said it cannot individually block addresses tied to hacked funds and that shutting down the network would be an emergency security measure affecting the entire protocol, not a tool to stop specific funds from moving.

In a post on X, THORChain said it did not blacklist the attacker’s address during the May exploit in which $10.7 million was stolen from a liquidity pool, so swaps were not blocked. THORChain added it is permissionless by design and does not censor transactions.

On the issue, information security expert Michael Perklin said node operators would have to turn off their nodes to stop the movement of illicit funds, but doing so would also halt legitimate transactions. Perklin argued THORChain is a neutral tool like Bitcoin and Ethereum.

THORChain was previously said to have rejected Bitget’s request to block addresses linked to hacked funds.
https://coinness.com/en/news/1170019
[DB Securities to expand Ethereum-based STO and RWA business]

DB Securities plans to expand its digital asset business with a focus on security tokens and real-world assets, Digital Asset reported. The South Korean brokerage aims to broaden its business beyond domestic real-asset tokenization into links with global capital markets using the Ethereum ecosystem.

Speaking at the institutional session of the annual conference 'Ethereum Korea One: Genesis' held in Seoul on Sept. 28, DB Securities CEO Kwak Bong-seok said digital assets, with Ethereum at the center, are becoming a key pillar of global financial infrastructure, and added South Korean traditional financial institutions should also play a role at the center of that shift.
https://coinness.com/en/news/1170020
See more: https://www.digitalasset.works/news/articleView.html?idxno=43244
[Short-term Bitcoin holders average 15% gains, raising profit-taking risk]

Bitcoin’s short-term holder MVRV, an on-chain indicator comparing market value with realized value, has reached its highest level since November 2025, according to on-chain analyst Darkfost. Darkfost said the indicator’s uptrend accelerated after BTC moved above short-term holders’ average cost basis of about $73,100 in August and September. The metric now stands at 1.15, indicating short-term holders are sitting on average unrealized gains of about 15%. Darkfost added that short-term holders’ market capitalization is also above realized capitalization, and said the expanding profit zone warrants close monitoring as it could trigger profit-taking.
https://coinness.com/en/news/1170021
[China warns cryptocurrencies are being used in anti-China and cybercrime activities]

China’s counterespionage authorities warned that cryptocurrencies are being used in illegal activities including cyberattacks and anti-China operations, according to Yonhap News.

China’s Ministry of State Security said today on social media platform WeChat that some people mistakenly believe receiving overseas funds in cryptocurrency enables true anonymous transactions and helps them evade legal penalties through what they see as untraceable features. The ministry said cryptocurrencies are not beyond the reach of the law and that their so-called anonymity is only superficial. It added that cryptocurrencies not only carry a risk of financial losses, but are also frequently used by overseas anti-China hostile forces and illegal actors in crimes that disrupt financial order and threaten national security, warning the public to clearly recognize their nature and remain vigilant.
https://coinness.com/en/news/1170022
See more: https://www.yna.co.kr/view/AKR20260928149800083?input=1195m
[Bitget says attackers exploited third-party security flaw, no private keys leaked]

Bitget said its investigation into a recent security incident found that attackers exploited a vulnerability in an external security product to obtain internal authentication credentials. In a post on X, the exchange said the attackers used those credentials to send fraudulent withdrawal instructions to its wallet system, bypass risk controls, and trigger abnormal transfers. Bitget added that no private keys were leaked and its cold wallets were not affected.

The exchange also said it had disclosed the attacker addresses and related on-chain tracking data, and plans to complete its internal security report this week.
https://coinness.com/en/news/1170023
[U.S. 10-year Treasury yield hits highest level since 2007 at 5.23%]

The yield on the 10-year U.S. Treasury rose seven basis points to 5.23%, reaching its highest level since 2007.
https://coinness.com/en/news/1170024
[South Korean lawmaker apologizes for delay in digital asset framework bill]

South Korean Democratic Party lawmaker Min Byoung-dug apologized for the delay in establishing a basic law on digital assets at a seminar on the future of finance on blockchain held at the National Assembly Members’ Office Building today, Etoday reported.

Min said there was broad consensus that the legislation should not be delayed any further and expressed hope that meaningful progress could be made this time. Discussions on the bill include rules for stablecoin issuance and distribution. South Korea’s Financial Services Commission plans to first push tokenization of institutional investor-only private money market funds and corporate bonds in February, then expand to onchain payments settled with stablecoins.
https://coinness.com/en/news/1170025
See more: https://www.etoday.co.kr/news/view/2630026
[BTC funding rates turn negative again as bearish bets gain ground]

Open interest in the Bitcoin futures market has fallen to its lowest level this year, and perpetual futures funding rates have turned negative, signaling increasingly bearish sentiment, according to a CoinDesk analysis.

CoinDesk said BTC futures open interest currently stands at about 652,000 BTC, down from a peak of 800,000 BTC at the start of the year. Funding rates for perpetual futures on major exchanges have also slipped to an average annualized rate of around -0.3%, indicating traders are maintaining bearish positions even while short holders pay to keep them open. CoinDesk added that leverage has not returned to the futures market even though BTC rose 40% in the third quarter.
https://coinness.com/en/news/1170026
[Compound Foundation accused of improper use of 8.42 million DAI reserves]

The Compound Foundation has been accused of improperly using 8.42 million DAI from Compound V2 reserves, according to Odaily. On-chain analyst ugurmersin said the DAI was moved to exchanges, swapped for 344,780 COMP, and then delegated to the foundation’s own voting address.

The COMP was later returned about 58 minutes before voting closed on proposals 580 and 582. The side raising the allegations claimed the foundation used the process to secure DAO voting power and effectively influence key governance proposals, including passage of a $52 million V4 plan. The allegations are based on on-chain records and the analyst’s claims, and no official explanation from the foundation or final determination on the legality of the transactions has been confirmed.
https://coinness.com/en/news/1170027
[Quebec regulator warns investors over unregistered Pump.fun operations]

Quebec’s financial regulator, the Autorité des marchés financiers (AMF), has designated Solana-based memecoin issuance platform Pump.fun (PUMP) as an unregistered and unauthorized platform and issued an investor alert, Crypto Briefing reported.

Crypto Briefing said the AMF indicated Pump.fun had not obtained the registration required to solicit investors in Quebec, adding that the move was a warning over unregistered operations rather than a fraud allegation. Access to the site for Quebec users has not been blocked, and wallets have not been frozen. The Canadian Securities Administrators (CSA) posted the AMF warning on its notice page but did not take separate action.
https://coinness.com/en/news/1170028
[Bithumb to temporarily suspend PROS deposits, withdrawals on Sept. 29]

South Korean exchange Bithumb announced it will temporarily suspend PROS deposits and withdrawals at 6:00 a.m. UTC on Sept. 29 to support the Pharos network upgrade.
https://coinness.com/en/news/1170029
[BTC spot CVD chart at 7:00 p.m. UTC on Sept. 28]

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows the volume heatmap, while the lower panel represents cumulative volume delta, or CVD.

- The volume heatmap tracks trading volume at each price level. The background color becomes brighter when the price stays in a specific range for an extended period or makes a large move. Brighter zones may act as support or resistance.

- The cumulative volume delta indicator shows buy and sell orders by order size. As buy orders increase, the line in the corresponding color moves higher. The yellow line is based on orders between $100 and $1,000, while the brown line reflects large orders between $1 million and $10 million, among other categories.
https://coinness.com/en/news/1170030
[CC fallen 3.74% in the past 5 minutes]

CC has fallen by 3.74% in the past five minutes on the COINNESS market. Currently, CC is trading at $0.14.
https://coinness.com/en/news/1170031
[CC fallen 7.99% in the past 5 minutes]

CC has fallen by 7.99% in the past five minutes on the COINNESS market. Currently, CC is trading at $0.13.
https://coinness.com/en/news/1170032
[Robinhood Chain scam ring linked to repeated meme coin launches, GoPlus says]

Blockchain security firm GoPlus said on X it had identified a group on Robinhood Chain that repeatedly issued hundreds of fraudulent meme coins. According to GoPlus, the group spent the past 30 days distributing tokens across multiple new wallets before selling them, then consolidating the ETH raised through multiple addresses and redeploying it into new token issuance and trading.

GoPlus said a key address tied to the funds showed total flows of about 3,589 ETH, or $9.49 million, across 400 recent transactions. The firm said the figure reflects gross transaction volume, not net profit or investor losses.

Earlier, on-chain analyst Wazz disclosed a separate group that used a similar method to issue more than 53 meme coins and siphon off about $18.43 million, but GoPlus said there is no evidence the two groups are the same entity.
https://coinness.com/en/news/1170033