An announcement regarding a new listing on the Upbit exchange has triggered significant price swings across nine different altcoins.

Upbit, South Korea’s largest crypto exchange, has formed a technology partnership with Indonesia's ICEx to advance the country’s digital asset infrastructure and market development. The agreement was signed during the Korea-Indonesia economic discussions.

Naver announced its intention to pursue an initial public offering for its fintech arm, Naver Financial, after a share swap agreement with Upbit operator Dunamu, though key details are still pending.

An analyst claims a significant $5 billion XRP selling flow on Upbit, raising questions about its potential impact on the cryptocurrency's price.

Dunamu, operator of crypto exchange Upbit, and US blockchain firm Circle have signed a memorandum of understanding in Seoul to support the development of a more transparent digital asset market.