South Korea
Block Media
[On the Way Home: Market Wrap] Kospi Plunges 3.5% ⋯ Bitcoin Falls to $76,000 Range, $500 Million ETF 'Outflow'
- Kospi dropped 3.59% and Kosdaq fell 4.08% on November 3 amid worries over AI investment profitability.
- Bitcoin slid to the $76,000 range as U.S. spot ETFs saw roughly $500 million in outflows, compounded by fallout from a Binance hack; Ethereum and other major altcoins also fell.
- Democratic Party lawmakers on the National Assembly's Fiscal and Economic Planning Committee discussed deferring the digital asset tax set to take effect in January and advancing a basic digital asset law.