Bitcoin-Backed Financial Products to Be Developed

Under the agreement, the parties will explore practical Bitcoin use cases for institutional clients and develop Bitcoin-integrated financial services and BtcUSD-based applications. SBI Digital Finance already operates the HashHub Lending platform, which provides stable returns to Bitcoin deposit holders. Its subsidiary, BitPoint Japan, is a licensed cryptocurrency exchange with substantial BTC reserves. This robust infrastructure will play a critical role in launching the Bitcoin-backed financial products targeted by the partnership.

Bifrost’s Multi-Chain Infrastructure and Regulatory Compliance

Bifrost offers a multi-chain infrastructure that supports both EVM and non-EVM environments. The platform’s core protocols, validator frameworks, and multi-signature vaults ensure stability in institutional asset management—particularly in tightly regulated markets like Japan. Thanks to this technology, Bitcoin-backed products like BtcUSD can be developed to meet high security and transparency standards.

Growing Interest in Bitcoin in Japan

The partnership comes at a time when Japanese companies are increasing their Bitcoin holdings. Firms like Metaplanet are strategically expanding their BTC reserves amid economic uncertainty. Japan’s clear regulatory framework encourages institutional investors to consider Bitcoin both as a hedge against inflation and as a tool for portfolio diversification.

According to industry experts, this collaboration could attract significant Bitcoin deposits to BTC-backed finance (BTCFi) platforms. The agreement is also expected to pave the way for other Japanese crypto exchanges and financial institutions to show interest in the BTCFi ecosystem. This could strengthen Japan’s potential to become a regional leader in Bitcoin-focused financial innovation.

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The agreement was reached after months of negotiations by Trump and high-level talks with South Korean President Lee Jae-myung. The parties aimed to reduce trade imbalances and increase mutual investments.

Trump stated, “This agreement is a historic victory for America. We will now acquire Korean goods with reasonable taxes, but in return, we have secured billions of dollars in investment and energy commitments.”

Investment and Energy Package

According to the agreement, South Korea will make an investment of 350 billion dollars in strategic sectors such as semiconductors, shipbuilding, batteries, and nuclear energy in the United States over the next five years. Additionally, the South Korean government and private companies are expected to import 100 billion dollars worth of liquefied natural gas (LNG) and other energy products from the US.

This article may also interest you: Net Inflows into Spot Bitcoin and Ethereum ETFs: How Much?

In return for these investments, the Trump administration secured duty-free access for US products in the South Korean market. This exemption is particularly notable for automobiles and agricultural products.

Following the announcement of the agreement, South Korean automotive giants Hyundai and Kia saw significant declines in their stock prices. Hyundai shares fell by 4.5% on the Seoul Stock Exchange, while Kia dropped by 6.6%. Experts pointed out that rising costs in the US market could negatively affect the competitiveness of Korean companies.

Is the “Tariff Strategy” Continuing?

Trump, in his second term, took a more aggressive approach to trade policies by imposing tariffs on many countries. In February 2025, under the “Liberation Day Tariffs,” customs duties as high as 145% were applied to products imported from China. Tariffs of 25% on South Korea were delayed, and the parties were given a negotiation period.

With the new agreement, South Korea is exempt from these high tariffs. However, trade experts note that pressure may increase on other allied countries, and similar agreements may come to the agenda.

The agreement has been generally well received by industry lobbies in the US, but some are concerned about its long-term effects. Particularly, members of the Democratic Party are uncomfortable with the Trump administration implementing the agreement without Congress’s approval.

On the other hand, concerns are rising in South Korean public opinion as well. Opposition parties argue that the large investment and energy commitments made under pressure from the US could burden the country’s economy.

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K Wave Media Reaches $1 Billion Capital Capacity

Through a new convertible note agreement with Anson Funds, K Wave Media secured $500 million in financing. The company stated that at least 80% of this capital would be directed toward Bitcoin purchases. The initial tranche included the issuance of $15 million in senior secured convertible notes, funded by Anson Investments Master Fund and Anson East Master Fund.

This move complements a previously announced $500 million Standby Equity Purchase Agreement (SEPA) with Bitcoin Strategic Reserve, bringing the company’s total treasury capacity to $1 billion.

First Purchase: 88 BTC as a Symbolic Beginning

The company made its first official purchase of 88 BTC, a number symbolizing luck and success in Asian culture. According to CEO Ted Kim, this is just the beginning, as the company aims to scale its holdings to 10,000 BTC as quickly as possible.

“Our goal is clear: to grow our Bitcoin holdings to 10,000 as soon as possible, while maintaining full alignment with investors and transparency in reporting,” said Kim. He added that the treasury model would be integrated into the company’s media business.

Bitcoin-Driven Access to K-Content

K Wave Media‘s strategy is more than just an investment plan. The company aims to combine its growing BTC holdings with its K-Drama and film content offerings. The goal is to enable global fans to engage with and access premium Korean content using Bitcoin.

This innovative model could position K Wave Media as a pioneer not only in financial technology but also in the emerging Web3 and digital media economy.

A New Era in Corporate Bitcoin Investment

As corporate Bitcoin accumulation strategies continue to gain traction, K Wave Media stands out as a unique example. By bridging the gap between the media industry and digital asset management, this strategy may inspire many other companies to adopt similar models in the near future.

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The declaration has sent shockwaves not only through the political landscape but also across economic and financial sectors. South Korea is one of the most active markets in the cryptocurrency world, and these developments could have significant repercussions in the sector.

Impact on the Crypto Market

South Korean crypto exchanges, such as Upbit, play a vital role in the global crypto ecosystem, with Upbit alone handling over $11 billion in trading volume in the past 24 hours. The country’s vibrant crypto market has positioned it as a key player in shaping global trends.

Bitcoin Price Takes a Hit

Following the announcement of martial law, panic selling led to trading disruptions on local exchanges. Bitcoin’s price has dropped below $94,000, marking a sharp decline. Many cryptocurrencies traded on South Korean exchanges have experienced dramatic losses, with prices plummeting between 20% and 40%.

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Specifically, the trading volume for the BEAM (BEAM) altcoin surged to $63 million in a four-hour period, marking an impressive increase of 212.77%. However, during the same timeframe, BEAM‘s volume on Binance decreased by 39.80%, falling from an average of $6 million to $4 million​.

You Might Be Interested In: Could Trump’s Victory Stimulate the Crypto Markets?

LayerZero (ZRO) has also emerged as another noteworthy token; its trading volume on Upbit experienced a remarkable increase of 365.80%, rising from an average of $41,000 to $190,000 in a one-hour timeframe. In contrast, Binance showed a more moderate increase, with its volume growing from $97,000 to $141,000​.

Bounce Token (AUCTION) saw its trading volume on Upbit rise dramatically by 246.49%, increasing from an average of $3,000 to $11,000 in just one hour. However, on Binance, the volume fell by 56.76%, dropping from $4,000 to $2,000.

Similarly, other altcoins like Theta Fuel (TFUEL) and Stargate Finance (STG) followed this trend. TFUEL‘s volume on Upbit surged by 339.14%, reaching $2 million from $418,000, while its volume on Binance slightly decreased from $488,000 to $471,000. Meanwhile, STG increased by 165.54% on Upbit, climbing from $137,000 to $363,000, but saw a decline of 19.60% on Binance, falling from $175,000 to $140,000.

These figures once again highlight the significant impact of fluctuations in South Korea’s cryptocurrency market​.

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At this point, Bithumb announced that it will list the altcoin named Core (CORE).

Today CORE will be added to the Korean Won market.

Supported Market: Korean Won Market

Supported Network: Core (Deposits over other networks are not supported.)

Deposit start: 24.06.2024 15:00

Transaction/Withdrawal Start: 24.06.2024  17:00 UTC+03

The CORE price climbed more than 8% following the news on listing. But the CORE price returned most of its gains in view of the declining trend in Bitcoin and the overall market.

Leading bitcoin (BTC) dropped to $ 62,170 in the severe fall this morning. Although this drop in BTC had severe effects on other cryptocurrencies as well, the biggest altcoin Ethereum (ETH) dropped to $3, 350.

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