{
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XRP has surged in popularity in South Korea, outpacing Bitcoin and Dogecoin in trading volumes, with nearly three times the volume of Bitcoin on Upbit. Analysts suggest that XRP's recent bounce from lows near $2 could signal the end of a month-long correction, with potential targets set at $4.11 and $5.85. WallStreetBets founder Jaime Rogozinksi remains bullish, predicting an $8 price target if the crypto market reaches a $5 trillion cap.
The global dental implants market is experiencing significant growth, driven by rising demand for non-premium options and advancements in dental technology. Key players like Straumann, Dentsply Sirona, and Henry Schein are actively expanding their portfolios through strategic acquisitions. However, the lack of adequate insurance coverage remains a major barrier to access for many patients.
The global Hearing Aids Market, valued at USD 13.16 billion in 2023, is projected to reach USD 23.37 billion by 2032, growing at a CAGR of 8.55%. This growth is driven by an aging population, technological advancements, and increasing awareness of hearing loss. Key players include Sonova, Demant, and GN Store Nord, among others.
Do Kwon, co-founder of Terraform Labs, faces a new money laundering conspiracy charge following his extradition from Montenegro. The indictment alleges he facilitated transactions exceeding $10,000, aware they were proceeds of unlawful activity. Kwon pleaded not guilty to all charges during his court appearance on January 2, 2024, and remains in detention as the possibility of a plea deal or trial looms.
Terraform Labs co-founder Do Kwon pleaded not guilty to multiple charges, including securities fraud and money laundering, during his first US court appearance on January 2, 2025. Following his extradition from Montenegro, Kwon agreed to be held without bail, with a status conference scheduled for January 8, 2025. Montenegro's Justice Minister approved his extradition after considering various factors, emphasizing a zero-tolerance policy for fraud.
South Korean President Yoon Suk Yeol, recently removed from office, vowed to "fight to the end" against what he termed "anti-state forces" as authorities prepared to execute an arrest warrant for him. The warrant follows his refusal to cooperate with an investigation into his brief seizure of power, which has led to political turmoil and a pending decision from the Constitutional Court on his impeachment. Amid heavy police presence, Yoon's supporters gathered outside his residence, while his lawyers challenged the legality of the arrest warrant.
Asian shares mostly declined as Tokyo remained closed for New Year’s holidays, with investors cautious amid political uncertainties in South Korea and potential policy changes under President Trump. Australia’s S&P/ASX 200 rose 0.4%, while South Korea’s Kospi fell nearly 0.1%, and Hong Kong’s Hang Seng dropped 1.3%. U.S. markets closed lower on the last trading day of the year, with the S&P 500 down 0.4%, despite a strong overall performance in 2024 driven by Big Tech and a growing economy.
Montenegro's Justice Minister has signed an order to extradite Terraform Labs co-founder Do Kwon to the US, following a Supreme Court ruling that all legal conditions for extradition were met. This decision comes after months of competing requests from the US and South Korea, with the US request ultimately favored due to the severity of the alleged crimes and Kwon's citizenship. Kwon faces significant legal challenges in the US, including a lawsuit from the SEC alleging he misled investors, and has been charged with offenses related to the collapse of TerraUSD and Luna tokens, resulting in approximately $40 billion in losses.
South Korea's political turmoil has led to a significant drop in the won's value, reaching its lowest point against the dollar since March 2009. This instability has caused the Bitcoin Kimchi Premium to surge, with local investors paying up to 3% more for BTC compared to global prices, as they seek refuge in dollar-denominated assets amidst the crisis. The impeachment of President Yoon Suk-yeol and ongoing political strife highlight concerns about the fragility of democracy, resonating beyond South Korea.
Montenegro's Minister of Justice, Bojan Božović, has approved the extradition of Terraform Labs co-founder Do Kwon to the United States after the Constitutional Court dismissed his appeal. The decision follows a protracted legal battle, during which Kwon's extradition was reversed multiple times, with South Korea also seeking his extradition. The Ministry concluded that the legal criteria favored the U.S. request, marking a significant development in Kwon's ongoing legal issues.
KOR
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XRP Surges in South Korea Outpacing Bitcoin and Dogecoin in Trading Volume
11:07 03.01.2025
global dental implants market projected to reach 5.89 billion by 2029
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10:31 03.01.2025
hearing aids market projected to reach 23.37 billion by 2032
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do kwon faces money laundering charge in superseding indictment after extradition
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Bitcoin Kimchi Premium Rises Amid South Korea's Political Crisis and Currency Decline
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19:17 27.12.2024
Montenegro approves extradition of Do Kwon to the United States
18:07 27.12.2024
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