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South Korea's National Tax Service (NTS) is considering a plan to manage cold wallets containing seized virtual assets by entrusting them to an external professional custodian, The Herald Business reported. The move is being reviewed as the country's National Assembly examines the agency's follow-up measures after a recent theft. On Feb. 26, the NTS inadvertently exposed a mnemonic code in a press release publicizing its seizure of assets from high-value delinquent taxpayers, which led to the theft of around 6 billion won ($4.6 million) worth of cryptocurrency. The National Police Agency's Cyber Terror Investigation Unit is currently tracking the stolen assets.

According to CoinNess market monitoring, BTC has risen above $71,000. BTC is trading at $71,001 on the Binance USDT market.

Crypto exchange Korbit will borrow approximately 24 billion won ($18.3 million) in virtual assets from NXC, Dailian reported. According to a filing with South Korea's Financial Supervisory Service's Electronic Disclosure System (DART) on March 10, Korbit signed an internal transaction agreement with NXC on March 4. The loan marks the third such transaction between the two companies since 2024.

Binance announced it will delist the DODO/BTC and GMT/EUR spot trading pairs at 3:00 a.m. UTC on March 13.

The price of Flow (FLOW) has surged shortly after the Flow Foundation filed for an injunction with the Seoul Central District Court to halt the token's delisting by South Korean crypto exchanges like Upbit and Bithumb. According to CoinMarketCap, FLOW is currently trading at $0.06186, up 50.27%. Previously, Upbit and Bithumb announced they would end trading support for FLOW at 6:00 a.m. UTC on March 16.

South Korean prosecutors have sold 320 bitcoins that were recovered after being stolen via a phishing site, with the proceeds returned to the state treasury, Kookmin Ilbo reported. The Gwangju District Prosecutors' Office announced that it sold 320.88 BTC in small increments over 11 days from Feb. 24 to March 6. The sale yielded 31.58 billion won (around $24.1 million), which has been transferred to the national treasury. The bitcoins, originally seized as criminal proceeds, were stolen around August of last year. Prosecutors became aware of the theft on Feb. 16 and, after identifying the wallet where the funds were transferred, worked with domestic and overseas crypto exchanges to block transactions. The assets were successfully recovered on Feb. 19.

South Korean crypto exchange Bithumb has announced the delisting of Nomina (NOM), scheduled for 6:00 a.m. UTC on April 13. The exchange explained that its decision was made because the materials submitted by the Nomina foundation were insufficient to resolve the issues that led to the token's designation as a cautionary investment item.

The U.S. is currently witnessing a major showdown between Coinbase and JPMorgan over the 'CLARITY' Act. With negotiations set to conclude in March, the bill is being viewed as a potential catalyst for the global cryptocurrency market. Its potential impacts range from a ban on stablecoin interest to serving as the key to a massive influx of institutional capital. This report breaks down the essential information that could shape the market's direction. The CoinNess Daily Report is a series that selects and analyzes one key issue in the cryptocurrency industry each day.

Bitcoin's price stability amid geopolitical tensions is thanks to buying pressure from institutional investors and whales, according to market analysts. Paul Howard, senior director at trading and liquidity provider Wincent, said the buying was led by over-the-counter (OTC) traders and MicroStrategy (MSTR), who anticipate an early end to the conflict with Iran. He added that this movement could signal a recovery in confidence for risk assets and noted growing interest in a carry trade strategy involving shorting MSTR stock while buying Bitcoin ETFs. Separately, Vikram Subburaj, CEO of Indian exchange Giottus, explained that spot BTC ETFs have recorded $1.7 billion in net inflows since late February, reversing a four-month trend of net outflows. He also pointed out that whale wallets holding over 1,000 BTC have been accumulating during the recent correction.

FirmaChain (FCT2) has unveiled its major roadmap for 2026–2027. Key milestones include: - Rebranding FirmaChain to Baseline in March 2026 - Converting FCT to a new native token at a 1:1 ratio in April 2026 - Launching EVM chain operations in May 2026 - Releasing an institutional verification product and integrating with prediction markets in January 2027

The Bhutanese government's Bitcoin holdings have fallen to 5,400 BTC, a 58% decrease from a peak of 13,000 BTC at the end of 2024, CoinDesk reported. Amid the drop in Bitcoin's price, the value of these holdings has also declined from $1.5 billion to its current level of $374 million. Previously, Lookonchain reported that a wallet presumed to belong to the Bhutanese government transferred 175 BTC ($11.85 million) early today, likely for selling.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 51.07% long, 48.93% short - Binance: 51.26% long, 48.74% short - OKX: 51.52% long, 48.48% short - Bybit: 50.86% long, 49.14% short

Binance announced it will delist the ARDR/USDT cross and isolated margin pairs at 6:00 a.m. UTC today.

Bitmine (BMNR) deposited an additional 4,308 ETH ($8.74 million) to Coinbase Prime a short time ago, Onchain Lens reported. In total, Bitmine has transferred 9,608 ETH, worth approximately $19.49 million, to Coinbase Prime today.

Binance has announced it will list the NEAR/USD1 margin trading pair at 8:00 a.m. UTC on March 10, followed by the BCH/U, NEAR/U, and TRX/U margin trading pairs at 10:00 a.m. UTC on the same day.

U.S. spot Bitcoin ETFs recorded a net inflow of approximately $167.1 million on March 9, according to data from Farside Investors. This marks a return to net inflows after a two-day streak of outflows. - BlackRock's IBIT: +$109.3 million - Fidelity's FBTC: +$60.1 million - Bitwise's BITB: -$4.5 million - Ark Invest's ARKB: -$2.7 million - VanEck's HODL: +$4.9 million

Whale Alert reported that 873,931,541 USDT has been transferred from an unknown wallet to OKX. The transaction is valued at about $874 million.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $128.82 million liquidated (83.62% shorts) - ETH: $78.57 million liquidated (74.82% shorts) - SOL: $10.48 million liquidated (80.15% shorts)

South Korea's ruling Democratic Party is moving to cap the stakes of major shareholders in cryptocurrency exchanges at 34% under a planned Digital Asset Basic Act, ZDNet Korea reported. The party has reached an agreement with the country's Financial Services Commission on the proposal and plans to introduce the bill following final approval from a party-government consultative body. The proposed limit would apply uniformly to all exchanges, both new and existing. The Democratic Party aims to hold a consultative meeting to discuss the act this month.

U.S. spot Ethereum ETFs saw a total net outflow of $51.26 million on March 9, according to data from Trader T. The reversal comes after just one day of net inflows. - BlackRock (ETHA): -$55.08 million - Fidelity (FETH): +$16.22 million - 21Shares (TETH): +$1.01 million - Grayscale (ETHE): -$13.41 million

According to CoinNess market monitoring, BTC has risen above $70,000. BTC is trading at $70,005.39 on the Binance USDT market.

The U.S. Department of Justice (DOJ) has asked a court to retry Tornado Cash founder Roman Storm on certain charges, Eleanor Terrett, host of Crypto in America, reported on X. The DOJ is seeking a retrial on two counts—money laundering and sanctions violations—where the jury was unable to reach a verdict. The department has proposed a trial date in early October.

Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), said that outdated regulations must not be allowed to hinder innovation. He noted that a new technological revolution is underway, with artificial intelligence (AI), blockchain, and prediction markets rapidly changing the landscape. Selig emphasized that in the coming years, the CFTC plans to focus on: - Ending jurisdictional disputes and coercive regulation with the U.S. Securities and Exchange Commission (SEC). - Establishing regulations for cryptocurrency perpetual futures and prediction markets.

Mirae Asset Group's potential acquisition of a majority stake in the cryptocurrency exchange Korbit is likely to face significant difficulties, according to a report from iNews. The report notes that South Korean authorities are considering new rules to limit the stakes of major shareholders in virtual asset service providers. This could create eligibility issues for Mirae Asset Consulting. Furthermore, with the 'Phase 2 virtual asset legislation' containing these shareholder limits still pending in the National Assembly, financial authorities are unlikely to approve the deal until the new framework is finalized. This delay could lead to changes in the deal's structure or even its cancellation. Mirae Asset Group was previously reported to be in discussions to acquire the stakes held by Korbit's largest shareholder, NXC (60.5%), and its second-largest, SK Planet (31.5%).

The Kaia Foundation posted and then quickly deleted a message on its official Japanese social media account stating it was developing a won-based stablecoin infrastructure with Kakao Bank, Chosun Biz reported. Kaia stated that the post was a mistake made by an agency and that it had requested the post's immediate removal. The foundation had previously announced plans to launch a stablecoin last September.