Breaking: South Korea launches “emergency” inspection after Terra's LUNA and UST collapse

FXStreet Team FXStreet

South Korea's financial authorities have launched "emergency" inspections into domestic cryptocurrency exchange operators to enhance investors' protection after the recent collapse of the TerraUSD and Luna cryptocurrencies, sources said Tuesday. The move came after TerraUSD and LUNA's death spiral caused massive losses to investors and sending shockwaves across the world.

According to industry sources, the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) have recently asked local cryptocurrency exchange operators to share information on transactions linked to TerraUSD and LUNA, including the volumes of their trading, their closing prices and the number of relevant investors. The top financial regulators have also asked them to provide their countermeasures to the recent market crash and analyses of what caused the collapse.

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

XRP recovery may stall above support as weak on-chain metrics reinforce bearish outlook

Ripple (XRP) shows subtle signs of recovery above $1.05 on Tuesday, with the move to around $1.07 ending three straight days of losses amid a pressured broader cryptocurrency market.

Crypto Today: Bitcoin, Ethereum, XRP extend sideways trading amid ETF outflows, US-Iran war escalation

Bitcoin hovers around $62,500 amid prevalent sideways trading. Meanwhile, major altcoins such as Ethereum and Ripple are holding above crucial support levels at $1,700 and $1.05, respectively, reflecting ongoing consolidation across the crypto sector.

Curve DAO tests breakout rally as bulls target over 15% upside

Curve DAO price is up 4% on Tuesday, extending its 3% gains from the previous day to emerge as the best-performing altcoin over the last 24 hours. On-chain data shows waning selling pressure as supply available on exchanges declines, while top holders increase their exposure amid rising supply in profit.

Bitcoin Price Forecast: Geopolitical tensions, ETF outflows keep BTC under pressure

Bitcoin remains under pressure, trading at $62,600 on Tuesday after slipping over 2% in the previous day. The bearish bias is further fueled by renewed geopolitical tensions between the US and Iran, which have dampened risk appetite.

Bitcoin: Strategy sells, the market doesn’t care

Bitcoin (BTC) reclaims $64,000 on Friday, extending a modest recovery while holding firmly above the key technical support zone so far this week. Mixed spot Exchange Traded Funds (ETFs) flows through Thursday reflect cautious institutional positioning. Meanwhile, traders have digested headlines about Strategy’s recent Bitcoin sale, highlighting the Crypto King’s resilience and deep liquidity.