South Korean authorities are examining how overseas crypto platforms respond to urgent law enforcement requests after new details emerged about Binance’s handling of a police freeze request linked to a security breach at Upbit.

The case has become a reference point for how quickly stolen digital assets can be contained once they leave domestic exchanges and move across borders.

While cooperation between exchanges and regulators is often described as routine, the Upbit incident shows how verification processes and response times can shape the outcome of active investigations.

The situation has also renewed attention on whether existing cross-border coordination mechanisms are sufficient when hacks involve large sums and fast-moving assets.

Freeze request and delayed action

According to South Korean broadcaster KBS, police investigating the Upbit breach asked Binance to freeze Solana tokens worth about 470 million Korean won, or roughly $370,000, on Nov. 27.

Investigators believed the funds were linked to wallets connected to the incident at Upbit, one of the country’s largest cryptocurrency exchanges.

KBS reported that Binance ultimately froze around $55,000, equivalent to about 17% of the amount requested.

The freeze came after a delay of approximately 15 hours.

Binance reportedly told authorities that additional verification was required before it could act on the full request.

The gap between the amount requested and the amount frozen has become central to questions about enforcement speed.

Impact of the Upbit breach

The police request followed unauthorised withdrawals of Solana-based assets from Upbit valued at roughly $36 million.

The scale of the breach prompted a formal police probe and a broader effort by the exchange to trace and recover funds across multiple platforms.

As part of the response, Upbit has been tracking wallet movements and alerting major global exchanges to assets suspected of being linked to the breach.

The case illustrates how quickly stolen crypto can be distributed, making early intervention critical once an incident is detected.

Broader enforcement challenges

The incident has drawn attention to structural issues in global crypto enforcement.

KBS cited commentary highlighting that rapid initial freezes can limit losses in hacking cases, while delays can allow assets to be moved or laundered further.

Concerns have also been raised about exchanges citing legal or litigation risks when responding cautiously to foreign law enforcement requests.

The discussion has included proposals for tighter coordination, such as direct emergency communication channels between major exchanges with the authority to enact temporary freezes while verification is completed.

These ideas reflect ongoing debates about balancing due process with the need for swift containment.

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Binance under scrutiny over response to South Korean police request in Upbit breach case

Source: https://coinjournal.net/news/binance-under-scrutiny-over-response-to-south-korean-police-request-in-upbit-breach-case/

KERNEL, the native token of restaking protocol KernelDAO, spiked more than 25% to hit highs of $0.23 early Tuesday.

While bulls are battling to hold onto the gains, the uptick saw the token rank among the top performers across the crypto market.

Given overall crypto sentiment, could Upbit listing help KERNEL price extend its upward momentum amid interest in restaking protocols?

Upbit listing propels KERNEL to $0.23 high

As noted, the catalyst for KERNEL’s vertical price ascent today is likely trader reaction to Upbit’s announcement.

On October 28, 2025, the leading South Korean crypto exchange confirmed the token’s listing on its KRW market, adding support for trading on the Ethereum network.

The listing ignited immediate buying pressure, with KernelDAO daily volume spiking as bulls propelled KERNEL from lows of $0.16 to an intraday peak of $0.23 as of writing.

Notably, daily volume stood at over $316 million, up a staggering 1,540% in the past 24 hours.

With gains of over 20%, KERNEL ranked among the few top altcoins with double digit price movements on the day.

KernelDAO price hovered in the list of top gainers alongside Hedera’s HBAR, Pump.fun’s PUMP and Bittensor’s TAO tokens.

Why such interest in KernelDAO?

KernelDAO is a leading restaking protocol behind a $1.7 billion total value locked ecosystem.

The YZi Labs-backed project is live across top blockchains, including Ethereum and BNB Chain.

Notably, it boasts key products like Kernel, Kelp, Gain, and Kred, a recently introduced product focused on real-world assets.

Upbit’s listing is the latest in bullish support for the KERNEL token, with the South Korean crypto exchange known for its active trading community.

The listing not only boosts KERNEL’s visibility but also taps into fresh liquidity pools.

KernelDAO is a restaking infrastructure platform that provides a range of staking-related services.

It enables restaking on the BNB Chain, supports BNB Liquid Restaking Tokens (LRTs), and offers Bitcoin (BTC) restaking opportunities.

In addition, the project operates an Ethereum-based restaking protocol that runs directly on the Ethereum network.

This system includes a vault-style smart contract designed to manage staked ETH, rsETH, and liquid staking token (LST) assets.

The platform’s native KERNEL token serves multiple purposes, including governance, restaking, and slashing insurance within the ecosystem.

KernelDAO bulls target $0.50 next

KERNEL price reached an all-time high of $0.46 in April 2025, and while it dropped to lows of $0.09 in June, it has recovered by more than 115% since.

Current prices around $0.19 means bulls are about 57% off the all-time peak.

As the broader cryptocurrency market rebounds amid various catalysts, including renewed institutional interest, regulatory clarity in key regions, and macroeconomic shifts favoring risk assets, KernelDAO looks set to benefit.

DeFiLlama shows the protocol’s total value locked (TVL) has pumped to over $1.7 billion.

As such, gains across the restaking sector could add further fuel to KernelDAO’s ecosystem.

Targets on the upside include the ATH and a breakout above $0.50.

On the downside, buyers need robust activity around $0.18 and $0.16.

The post KERNEL price goes vertical on Upbit listing, hits $0.23 appeared first on CoinJournal.

KERNEL price goes vertical on Upbit listing, hits $0.23

Source: https://coinjournal.net/news/kernel-price-goes-vertical-on-upbit-listing-hits-0-23/

Fluid (FLUID) price spiked by more than 50% in 24 hours as Upbit, South Korea’s top cryptocurrency exchange, added trading support for the DeFi protocol’s native token.

The listing of the lending protocol’s token injected fresh momentum. It added to an upbeat sentiment that aligns with Fluid’s expansion to the Solana ecosystem.

Upbit listing sends Fluid (FLUID) price up 50%

Upbit is South Korea’s largest crypto exchange, and its move to list FLUID with trading pairs for Korean won, Bitcoin, and USDT triggered an immediate price rally.

Upbit, dominant in South Korea, often sees significant spikes in trading volume for new assets, and Fluid did not buck the trend.

The altcoin’s price jumped by more than 50% within hours, allowing bulls to retest bears’ resolve above the $9.00 mark.

It’s the first time the lending protocol has climbed to these levels since February 2025.

The altcoin traded around $8.20 at the time of writing.

Per CoinMarketCap, an initial trading volume surge for FLUID recorded an impressive 1,600% spike to over $34.5 million.

With South Korean traders, known for their aggressive buying strategies, flooding the buying zone, it’s no surprise liquidity is exploding.

Some notable tokens to record price and volume surges on Upbit listing include RedStone, Flock, Omni Network, and Treehouse.

Further price gains will extend Fluid’s gains as the community also cheers expansion to Solana. FLUID is live on Jupiter exchange, powered by Meteora.

The uptick in price comes as the total value locked/price ratio for Fluid shows a remarkable increase of over 185%.

What’s next for Fluid price? Bulls target breakout above $10

Gains across the board align with a surge in bullish calls for FLUID, which has a score of 89% on CoinMarketCap. This outlook reflects on the technical front.

The moving average convergence divergence indicator (MACD) signals a bullish crossover while the relative strength index hovers at 71.

On the 3-hour chart, FLUID is showing signs of a strong breakout after an extended period of consolidation and downward pressure.

The Bollinger Bands have widened sharply following a prolonged squeeze, a move that often points to heightened volatility ahead.

Based on the height of the previous consolidation range, the breakout projects a potential upside target in the $8.50–$9.00 area, with initial resistance expected near $7.50.

A confluence of these and other factors suggests further gains into the overbought territory.

Contingent on broader market sentiment, FLUID could break above $10 and target a 100% leg up towards $20.

The all-time high of $29.36 reached in 2021 remains a big target for buyers.

However, broader market weakness amid macroeconomic and regulatory headwinds might see bears seize on the opportunity.

Otherwise, key support levels remain around $5.10 and $3.40.

The post Fluid price jumps 50% after Upbit listing: bulls target $10 appeared first on CoinJournal.

Fluid price jumps 50% after Upbit listing: bulls target $10

Source: https://coinjournal.net/news/fluid-price-jumps-50-after-upbit-listing-bulls-target-10/

Lagrange (LA), a zero-knowledge (ZK) infrastructure project, saw its price skyrocket by more than 80% following a listing announcement by Upbit, South Korea’s leading cryptocurrency exchange.

As Upbit’s move sparked widespread interest, LA price reached intraday highs of $0.64 and ranked among the top gainers as it outpaced the likes of Wormhole, EigenLayer and Pudgy Penguins.

Lombard, another token landing on Upbit, witnessed a sharp spike before swiftly paring gains amid profit-taking.

Lagrange price soars 80% after Upbit listing announcement

As noted, upward momentum for Lagrange gained traction with the announcement of its listing on Upbit.

In an update, Upbit said it would list LA for spot trading against the Korean won, with the BARD/KRW pair available at 19:30 pm local time on Sept. 18.

Following the news, LA’s price spiked by more than 80%, pushing the token’s value to highs of $0.64.

LA price had hovered at lows of $0.35 prior to Upbit’s announcement.

The price surge aligns with historical trends that have seen newly listed tokens, particularly on major exchanges like Upbit, go parabolic amid significant volatility.

Upbit also lists the Bitcoin DeFi platform Lombard

South Korea’s Upbit has also expanded its list of supported cryptocurrencies with the listing of  Lombard (BARD).

The exchange announced trading support for the native token of the Bitcoin DeFi platform on Thursday, adding trading pairs for BTC and Korean won.

Upbit’s listing of BARD adds to the growing number of tokens that have found traction on the leading crypto exchange in South Korea.

Investors interested in leveraging Bitcoin’s stability for DeFi applications will fancy Lombard, which aims to bring Bitcoin-based capital markets on-chain, and rallied amid a confluence of other factors too.

BARD and LA price outlook

Lagrange’s zero-knowledge proof generation platform has attracted support from global giants such as Nvidia, ZKSync developer Matter Labs and Polygon.

Meanwhile, Lombard is a project looking to tap into Bitcoin’s growing DeFi ecosystem. Analysts note that both tokens are riding exchange momentum.

Nonetheless, volatility may engulf both before a steadier growth trajectory emerges.

As of writing, LA traded around $0.48, sharply paring gains amid a staggering 1,120% spike in daily trading volume.

BARD meanwhile hovered around $1.08, again having sharply retreated from its intraday peak of $1.61.

Analysts expect the buzz around these tokens will cool off and likely add to downward pressure.

However, the overall broader market sentiment is bullish.

As such, holding key levels at $0.40 and $1 could be key to LA and BARD’s short term price outlook.

The post Lagrange price rockets 80% amid listing on South Korea’s largest crypto exchange appeared first on CoinJournal.

Lagrange price rockets 80% amid listing on South Korea’s largest crypto exchange

Source: https://coinjournal.net/news/lagrange-price-rockets-80-amid-listing-on-south-koreas-largest-crypto-exchange/

RedStone (RED), a leading decentralised finance oracle infrastructure provider, has experienced a significant price surge of 55% in the past 24 hours.

While the price increase mirrors the rest of the market’s bounce, RED has surged after Upbit, South Korea’s largest crypto exchange, announced trading support.

The announcement, made on Sept. 5, ignited excitement among traders and DeFi enthusiasts, pushing RedStone’s price to above $0.78.

RedStone price jumps 55% as Upbit lists RED

The price of RedStone skyrocketed to $0.78 on Friday, following its listing on Upbit.

Other platforms like Bithumb also saw newly-listed tokens explode.

According to CoinMarketCap, RedStone rose from lows of $0.47 to $0.78, which represents a notable 55% increase within 24 hours.

This was accompanied by a trading volume of $418 million, which had jumped by over 800% at the time of writing.

The surge comes on the heels of Upbit’s official announcement to support RED/KRW trading, with the market opening at 17:00 KST.

RedStone’s team, via their X account, celebrated the listing with a post highlighting the availability of RED/KRW on Upbit.

The post also teased upcoming events in Seoul, including the Korea Blockchain Week (KBW) and side events like the Hyperliquid hackathon and XRP Seoul, signalling the project’s active engagement with the crypto community.

This move fueled trader confidence in RED, with South Korea a market known for its robust trading activity.

RedStone price forecast

RedStone, which provides modular oracle infrastructure for DeFi protocols and secures over $10 billion in assets, aligns with Upbit’s focus on innovative projects, further driving the price jump.

Recently, RedStone acquired DeFi ratings provider Credora, which will boost the platform’s expansion efforts.

Commenting on the acquisition, RedStone noted via X:

“This brings TradFi-grade risk assessment to DeFi. It positions RedStone to play a role in decentralised markets similar to what S&P or Moody’s has long provided in traditional finance, a trusted framework for understanding and pricing risk.”

The 55% spike also reflects broader market dynamics, with protocols like Compound, Lido, and Pendle also posting gains.

While the bullish trend is evident, with Bitcoin showing higher lows, September’s historical reputation as a challenging month for assets like BTC could introduce short-term fluctuations.

Analysts suggest that sustaining the current momentum will depend on RedStone’s ability to leverage Upbit’s platform and deliver on its event promises.

For now, RED must hold above $0.60 to maintain the upside momentum.

Conversely, the token’s price could drop to $0.50 or lower.

The post RedStone price spikes 55% amid Upbit listing appeared first on CoinJournal.

RedStone price spikes 55% amid Upbit listing

Source: https://coinjournal.net/news/redstone-price-spikes-55-amid-upbit-listing/

Omni Network (OMNI) trended as the top gaining token among the 500 largest coins by market cap on Tuesday, recording a double-digit gain to break from intraday lows of $2.5 to highs of $7.13.

While the price has retreated from the intraday peak to currently sit around $5.37, it still sports an impressive 90% gain in the past 24 hours.

The daily volume was up 455% to over $584 million, with the dramatic price gain aligning with a speculative rally largely attributed to the token’s latest milestone.

Why is OMNI price exploding?

OMNI hovered flat and under $3.2 since dropping from highs of $5.50 on July 11, 2025. Before then, Omni Network price had struggled with bearish pressure below $1.7.

So why did OMNI explode today?

Many small cap tokens have seen a notable flip amid overall gains for mega cap tokens such as Ethereum, XRP and Solana.

However, some small caps are seeing huge moves, and for Omni, the primary catalyst appears to be the official listing of OMNI on Upbit, the largest crypto exchange in South Korea.

옴니네트워크(OMNI) KRW 마켓 거래지원 안내

✅ 지원 마켓 : KRW 마켓
📅 거래지원 개시 시점: 2025-07-29 18:30 KST

🔗 공지 바로가기:https://t.co/um86JCcbeL#Upbit #OMNI@OmniFDN pic.twitter.com/rrxTobhZYQ

— Upbit Korea (@Official_Upbit) July 29, 2025

As detailed in an announcement on X, Upbit, known for its substantial user base and high trading volumes, has added support for OMNI.

The exchange’s listing news has often triggered meteoric rises in both price and activity for newly listed assets, and it looks to be no different for Omni Network.

Upbit is listing the OMNI/KRW trading pair with the market commencing at 18:30 local time on July 29, 2025.

OMNI’s price experienced a volatile swing following the news, with the token reaching a high of approximately $7.13.

The near triple-digit gain saw OMNI extend gains over the past month to over 250%. Bulls were also up 285% since the all-time lows of $1.37 reached on July 6, 2025.

The overall upward trajectory could see buyers target more gains.

Omni Network price prediction

Looking at the Omni Network price charts, technical indicators are largely bullish.

However, the Relative Strength Index (RSI) currently hovers around 80 and is in the overbought territory.

This signals potential correction in the near term amid profit taking. Bulls may nonetheless attempt to put bears off around key support at $3.45.

This outlook will be helped by the Moving Average Convergence Divergence (MACD), which continues to signal bullish momentum with the MACD line above the signal line.

If bulls hold above $4.50, which serves as a critical support level, they could target a breakout to $10.5 and probably December 2024 highs of $15. Downside pressure could see OMNI’s price slip to $3.45 and $2.

The post Omni Network price jumps 90% as Upbit lists OMNI token appeared first on CoinJournal.

Omni Network price jumps 90% as Upbit lists OMNI token

Source: https://coinjournal.net/news/omni-network-price-jumps-90-as-upbit-lists-omni-token/

Optimism (OP) price is up double-digits, mirroring moves by PancakeSwap, Ethena and SPX6900 as top altcoins by 24-hour gains.

Gains for the native token of the Ethereum layer 2 scaling solution come amid a major boost from Upbit, South Korea’s dominant crypto exchange.

With new trading pairs set to launch for OP, price could follow.

South Korea’s Upbit adds support for Optimism

Upbit, a titan in South Korea’s crypto landscape, is rolling out new trading pairs for Optimism (OP).

The exchange said this in an official announcement posted earlier today.

In it, Upbit confirms that trading support will kick off at 16:30 KST, bringing massive trading volume and liquidity to OP.

With South Korea being a big crypto market, this news has buoyed OP’s daily volume and price.

As noted, Optimism has managed an impressive 13% spike from its recent trough of $0.71 to a peak of $0.84.

The surge is accompanied by a staggering 420% spike in trading volume, which surged past $700 million.

It’s a reaction that reinforces Upbit’s reputation as one of crypto’s biggest exchanges by daily volume.

The listing may bolster bulls and bring new highs into the picture.

OP has also traded higher in recent weeks after $956 billion asset manager Hamilton Lane expanded its flagship fund, Senior Credit Opportunities Securitize Fund (SCOPE), to Optimism and the Ethereum mainnet.

Optimism price forecast: Another 100% gain for OP?

As the crypto market holds onto bullish sentiment and analysts say altcoin season is yet to unfold, one of the coins to watch is Optimism.

The OP token teeters on the verge of a breakout, with Upbit’s listing a potentially huge catalyst.

Notably, the exchange’s vast user base and low 0.05% KRW trading fees could propel OP into the spotlight, potentially attracting both retail and institutional players.

A look at technical indicators shows bulls have an upper hand.

The daily chart has a rising Relative Strength Index (RSI), which signals robust buying pressure.

OP’s price outlook is also positive as indicated by the Moving Average Convergence Divergence (MACD), currently sporting a bullish crossover.

While Optimism price hovers near $0.82 at the time of writing, upside momentum amid fresh retail demand could help push it past $1.

The token last traded at highs of $1.2 in April. If buyers reclaim this level, a break to $2 and YTD peak of $2.1 is likely.

However, if sellers emerge amid the Upbit listing-driven hype, primary support levels are around $0.74 and $0.68.

The post Optimism price spikes as OP lands on South Korea’s largest crypto exchange appeared first on CoinJournal.

Optimism price spikes as OP lands on South Korea’s largest crypto exchange

Source: https://coinjournal.net/news/optimism-price-spikes-as-op-lands-on-south-koreas-largest-crypto-exchange/

Raydium (RAY) has become one of the top gainers in the crypto market this week after a major listing announcement by South Korea’s largest exchange, Upbit.

The listing has caused a sudden surge in interest, pushing RAY’s price significantly higher, sparking speculation among traders and investors about its short-term and long-term trajectory.

Although the listing announcement gave Raydium a strong boost, the question now is whether the rally can hold and translate into a sustained upward trend.

As market volatility remains high, price action, trading volume, and technical indicators all point to a critical phase ahead for RAY.

The Upbit listing triggered a massive price rally

On June 19, Upbit announced that it would list Raydium trading pairs in both KRW and USDT markets.

The listing news instantly fueled a surge in trading activity, with RAY climbing nearly 45% to an intraday high of $2.64, according to CoinMarketCap data.

Notably, the listing not only marked Raydium’s entry into one of Asia’s largest crypto markets but also helped end a 35-day downward trend.

However, the initial breakout above resistance was short-lived as sellers quickly stepped in, leading to a long upper wick on the daily chart.

Even though the price has fallen back below the resistance at $2.28, market interest remains strong, suggesting that the rally may not be over yet.

Traders are now watching closely for signs of consolidation or further breakout.

Strong fundamentals are backing the momentum

Beyond the excitement of the Upbit listing, Raydium’s fundamentals have played a critical role in its recent revival.

According to DefiLlama data, the project currently holds a total value locked (TVL) of $1.764 billion, reflecting significant user activity on its decentralised platform.

Its annual revenue of $655.9 million stands out in the DeFi sector and contributes to a high revenue-to-market cap ratio of 19.2%.

This metric, combined with a TVL-to-market cap ratio of 2.84, underlines the project’s strong capital efficiency.

Additionally, investor conviction appears robust, with $67.2 million worth of RAY tokens staked, representing roughly 11.9% of the circulating supply.

This indicates that a meaningful portion of holders remain confident in the asset’s long-term value.

Volume spike hints at short-term strength

Trading volume has been another major factor in the recent rally.

In just 24 hours, Raydium’s volume exploded by over 600%, climbing to $401.19 million.

This sharp increase in liquidity helped push the token above immediate resistance levels, triggering short covering and fresh buying.

Despite the strong move, volatility has begun to compress, as seen in the narrowing of the Bollinger Bands.

This typically suggests the market is gearing up for another significant directional move, with the next breakout likely to be decisive.

Technical indicators suggest a mixed outlook

From a technical standpoint, RAY’s price is attempting to recover after finding support near the psychological $2 level.

The 50-day exponential moving average (EMA) now sits near $2.54, a key level that bulls must reclaim to maintain upward momentum.

A daily close above this line could open the door to the next resistance near $2.96 and possibly $3.40.

On the daily chart, the formation of a double-bottom pattern, combined with bullish signals from both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), support the possibility of further gains.

In addition, the RSI currently hovers around 45, way below the overbought zone, which leaves room for further upside while also signalling caution in case of renewed selling pressure.

However, the wave count suggests that the current move may be part of a corrective phase, with the next key zone located between $2.90 and $3.12.

If RAY fails to sustain above these levels, a return toward the $2.10 support remains likely, potentially confirming the bearish wave C pattern in development.

The post Raydium price forecast after the Upbit listing appeared first on CoinJournal.

Raydium price forecast after the Upbit listing

Source: https://coinjournal.net/news/raydium-price-forecast-after-the-upbit-listing/

Ravencoin (RVN) rocketed by more than 150% in 24 hours, with massive gains coming amid the token’s listing on Upbit, South Korea’s largest cryptocurrency exchange.

The announcement, made by Upbit via its official X account, noted that the exchange will add trading support for RVN against the Korean Won (KRW).

RVN coin’s surge saw it hit highs of $0.027, its highest level since mid-December 2024.

Ravencoin price – Upbit triggers 150% RVN rally

Upbit revealed the RVN/KRW market support in a post on X, stating that trading support for the altcoin would commence at 17:00 local time.

The exchange, known for its massive trading volume and customer base in South Korea, often sees explosive demand for newly listed tokens.

No doubt this is what drove Ravencoin (RVN)’s price higher.

An imminent listing for an altcoin seen as one of the best minable tokens today meant bulls were in control within hours of the announcement.

Data from CoinMarketCap shows the token’s price more than doubled in value as it rose from lows of $0.010 to $0.027.

While a bit of profit taking had it pare these gains, the price remained more than 64% up in 24 hours, with intraday volume skyrocketing 4,255% to over $399 million.

RVN price outlook

In addition to the Upbit listing, Ravencoin is resurging amid a fresh spike in bullish sentiment related to mineable proof-of-work coins.

Recently, the Ravencoin team posted on X that RVN is currently seeing fresh interest from miners.

With its KAWPOW algorithm designed to resist ASIC dominance and encourage decentralized participation, many unable to mine BTC and other top coins are flocking to Ravencoin mining.

This mining momentum, paired with the Upbit listing, could catalyse bullish momentum for RVN’s price. A retest of $0.027 is possible.

The technical outlook nonetheless has the Relative Strength Index (RSI) in overbought territory, which suggests a potential short-term pullback.

On the other hand, the Moving Average Convergence Divergence (MACD) shows a bullish crossover, indicating a likely upward continuation.

In this case, Ravencoin’s price could revisit the $0.014-$0.013 area for support. Demand reload at this level and a successful retest of $0.02 could aid an upward flip. RVN price hit highs of $0.034 in early December 2024.

On the downside, profit taking could see RVN price retest $0.010 and potentially April 2025 lows of $0.009.

The post Ravencoin price soars 150% amid Upbit listing appeared first on CoinJournal.

Ravencoin price soars 150% amid Upbit listing

Source: https://coinjournal.net/news/ravencoin-price-soars-150-amid-upbit-listing/