Short News

WEMIX Faces Setback as South Korea’s Leading Exchanges Suspend Trading

Qadir AK2 May 20251 min read

South Korea’s top five crypto exchanges will suspend WEMIX trading on June 2, causing the token to plunge over 60% to $0.2757 before recovering to around $0.36. This is the second time WEMIX has faced a group delisting. The DAXA exchange alliance said the decision was made due to WEMIX’s failure to meet listing standards. The move raises concerns over the token’s long-term credibility in the South Korean market.

#Exchange News

Qadir AK

Author

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

More in Short News

Short News

Polygon Co-Founder Sandeep Nailwal Takes Over as CEO

Sandeep Nailwal, co-founder of Polygon, has officially stepped in as CEO, marking a shift from the project’s previous decentralized governance model. The Polygon Foundation, which oversees Polygon Labs and other parts of the ecosystem, will now operate under Nailwal’s leadership. This move comes as Polygon looks to sharpen its focus and strategy in response to …

Elena R·11 Jun 20251 min

Short News

MEXC Launches $100M Protection Fund for Platform Security

Crypto exchange MEXC has introduced a $100 million protection fund to guard against security vulnerabilities, hacks, and system risks. To ensure transparency, the fund’s wallet addresses and real-time balances will be made publicly available on the MEXC website. Users can track transactions directly through blockchain explorers. This move aims to boost user trust and platform …

Qadir AK·11 Jun 20251 min

Short News

Ukraine Eyes Bitcoin for National Reserves in New Proposal

Ukraine has introduced a new bill that could allow its central bank to hold Bitcoin and other cryptocurrencies as part of the country’s official reserves. The proposal marks a major shift in Ukraine’s approach to digital assets, signaling growing acceptance of crypto at the state level. If passed, the move would align Ukraine with a …

Qadir AK·11 Jun 20251 min