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More →South Korea crypto exchange profits fall 78% in H1 amid trading slump
South Korean crypto exchange operating profits fell 78% in the first half of 2026 as trading volumes, market capitalization and customer deposits declined. South Korean crypto exchanges saw operating profits fall 78% in the first half of 2026 as trading activity, market valuations and customer deposits declined, according to new government data. On Thursday, the Korea Financial Intelligence Unit (KoFIU) <a href="https://www.fsc.go.kr/eng/pr010101/87833" rel="nofollow noopener" target="_blank">>said</a> average daily trading volume at domestic virtual asset exchanges fell 44% from the previous six months, while market capitalization dropped 33% and won-denominated deposits fell 35%. Exchange sales declined 41% over the same period, even as the number of accounts eligible to trade rose slightly by 0.4%. KoFIU’s survey covered 26 registered virtual asset service providers, including 17 exchange operators and nine custody and wallet providers, and covered activity from Jan. 1 through June 30. The figures come amid signs that South Korean retail investors have been shifting attention from crypto to the country’s stock market. In May, the value of crypto held by South Korean investors fell 50.2% to 60.6 trillion won ($41.4 billion) over roughly a year. Korean outlet ChosunBiz <a href="https://cointelegraph.com/news/south-korea-crypto-holdings-halve-in-a-year-as-investors-turn-to-stock-market" rel="nofollow" target="_blank">linked the decline</a> to capital moving toward stocks. A Cointelegraph analysis in July also <a href="https://cointelegraph.com/news/south-korea-crypto-volume-decline-kospi-retail-stocks" rel="nofollow" target="_blank">found that combined average daily volume</a> across Upbit, Bithumb, Coinone, Korbit and Gopax had fallen about 89% year over year during comparable seven-day periods, while the KOSPI, South Korea’s benchmark stock index, had more than doubled over the 12 months to July 22. Cointelegraph contacted Bithumb and Upbit operator Dunamu for comment. <em><strong>Related: </strong></em><a href="https://cointelegraph.com/news/south-korea-travel-rule-threshold-crypto-transfers" rel="nofollow" target="_blank"><em><strong>South Korea drops Travel Rule threshold for crypto transfers</strong></em></a>
Unknown wallet transferred 739 BTC to Coinbase Institutional.
According to CoinWorld data: Whale Alert monitoring shows that an unknown wallet just transferred 739 BTC to Coinbase Institutional, worth approximately $62.5678 million at current prices.
El Salvador holds $618 million in Bitcoin and continues to buy more.
According to CoinWorld news, El Salvador holds approximately $618 million worth of Bitcoin on-chain. Since 2021, the country has purchased 1 Bitcoin every day and has continued to buy Bitcoin even under the condition of a $1.4 billion loan provided by the International Monetary Fund (IMF). Its government wallet has been labeled on Arkham.
Federal Reserve's Goolsbee: Both a rate hike and a pause are possible this month.
CoinWorld news, Chicago Fed President Goolsbee said the latest employment data shows the U.S. labor market remains stable, and that inflation being too high remains the Fed's more important current policy focus. On whether the Fed should continue raising rates this month or pause, Goolsbee said, "There are strong arguments on the table for any option," and expressed hope to see more evidence that inflation is falling back toward the 2% target.
On-chain data: Bitcoin whales have accumulated 75,000 BTC over the past 30 days.
CryptoQuant, an on-chain data analysis platform, shows that Bitcoin whales have accumulated 75,000 BTC over the past 30 days.
Nvidia's market capitalization reached $5.7 trillion, a record high.
According to CoinWorld news, Nvidia shares reached $237.88 in early trading on Friday, pushing its market capitalization to approximately $5.7 trillion, a record high. This is the first record since May. Nvidia is currently the world's most valuable company, a sharp increase from $1.18 trillion in August 2023. Nvidia also plans to deploy about 1 million GPUs to Amazon's cloud business by 2027. In its quarterly report for the period ending July 26, the company reported revenue of $96.2 billion, up 106% year-over-year. Nvidia also announced it would increase its buyback authorization by $150 billion to $235 billion, making it the largest buyback program in history.
Bitcoin has outperformed gold this year, with gains reaching 66%.
Bitcoin has officially outperformed gold in year-to-date performance, rising 66% since March. Market sentiment is bullish.
Coinbase: IPO access and stablecoin partnerships to launch in September
Coinbase CEO Brian Armstrong said that in September, new features will be launched, including IPO access, a stablecoin partnership with Citibank, services for more than 1,000 community banks, and AI agents trading stocks.
US Treasury yields rebounded, with the 10-year rising to 5.27%.
Bitcoin.com news, Peter Schiff stated that although US Treasuries initially rallied after a weak jobs report, causing the probability of an October rate hike to drop sharply, in a bear market, rallies are typically sold off. Currently, US Treasury yields have rebounded, with the 10-year bond yield reaching 5.27% and the 30-year bond yield at 5.63%.
BNB Chain becomes the first blockchain to surpass $1 billion in tokenized stocks and ETFs.
According to Bijie data: BNB Chain has become the first blockchain with tokenized stocks and ETFs exceeding $1 billion in market value.