• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Martial Law Ends in South Korea: Impact on Crypto Exchanges

user avatar

by Giorgi Kostiuk

2 years ago

The South Korean National Assembly voted to lift martial law, causing significant fluctuations in cryptocurrency markets.

Martial Law Revocation

The South Korean National Assembly passed a resolution to invalidate martial law, as confirmed by the Speaker's Office. This marks the end of a state of emergency that involved restrictions on movement and other regulatory measures.

Bitcoin Price Drop

Two hours before the resolution, Bitcoin's price dropped more than 30% to $62,000 on the South Korean exchange Upbit. This was a significant intraday drop, with the most losses seen in KRW trading pairs.

Crypto Exchange Instability

The declaration of martial law in South Korea caused panic among traders and led to major disruptions across cryptocurrency exchanges. Platforms such as Upbit and Bithumb experienced downtime as traffic surged.

The lifting of martial law in South Korea offers some relief, but the cryptocurrency market remains volatile, reflecting trader anxiety.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Binance Reports Major Drop in Shiba Inu Holdings

chest

Binance's latest Proof of Reserves report reveals a drastic decrease in Shiba Inu (SHIB) holdings, with a drop of 11 trillion tokens in one month.

user avatarLucas Weissmann

Binance Reinforces Transparency with Ongoing Proof of Reserves Reports

chest

Binance reinforces transparency by regularly publishing Proof of Reserves reports, allowing users to verify asset backing and assess platform solvency.

user avatarFilippo Romano

Sonic Labs Faces Governance Challenges Following Board Resignations

chest

Sonic Labs is facing governance challenges following the resignations of key board members, with a focus on operational restructuring and the need for transparency from new leadership.

user avatarMaya Lundqvist

msUSD Stablecoin Faces Major Collapse

chest

The decentralized stablecoin msUSD, issued by the Main Street protocol, has lost its dollar peg due to market volatility and collateral imbalances, resulting in a reported 90% value loss.

user avatarEmily Carter

Andre Cronje Resigns from Sonic Labs Board Amid Governance Changes

chest

Prominent DeFi developer Andre Cronje has resigned from the board of Sonic Labs, raising governance questions.

user avatarKaterina Papadopoulou

Pudgy Penguins Trading Card Game Set to Hit Target Stores

chest

Pudgy Penguins is set to launch its trading card game in Target stores nationwide on June 20, 2026, aiming to bridge digital collectibles and physical products.

user avatarTomas Novak

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.