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1. South Korea’s Crypto News This Week 1.1 South Korea’s National Pension Service Denies Intent to Invest in Virtual Assets, Clarifies Automatic Index Purchases link According to Money Today, the National Pension Service (NPS) of South Korea has addressed concerns regarding its holdings in stocks related to virtual assets, stating that the purchase of Coinbase and MicroStrategy shares was not motivated by an interest in virtual asset investments, but rather due to these companies’ inclusion in the benchmark index (MSCI). The National Pension Service currently holds 280,000 shares of Coinbase, valued at approximately 100.9 billion won, and 200 shares of MicroStrategy, valued at around 400 million won. Although the market has interpreted this as the NPS indirectly investing in virtual assets such as Bitcoin through the acquisition of these stocks, the NPS has refuted this claim, clearly asserting that Bitcoin and other virtual assets are not part of its investment strategy. 1.2 Kakao Exe...

Bitcoin (BTC) markets are seeing significant activity as Japan considers approving Bitcoin ETF s following successful launches in other big economies. Despite recent price swings, large holders known as whales are buying more BTC, showing faith in the cryptocurrency’s future. This trend aligns with growing interest in Bitcoin ETF s and shifting market patterns. Also Read: Bitcoin: BlackRock Says ETFs Will Reach $4T by 2030 Japan’s Bitcoin ETF Approval Ignites Whale Buying Frenzy Source: CryptoDisrupt SBI Holdings and Franklin Templeton Partnership SBI Holdings and Franklin Templeton are joining forces to: Create a cryptocurrency management company Launch a Bitcoin ETF once regulators approve Leverage Franklin Templeton’s know-how from U.S. Bitcoin and Ethereum ETFs This team-up could reshape Japan’s crypto landscape, bringing it in line with global trends. Whale Accumulation Amid Price Volatility Recent price changes have not deterred large Bitcoin holders. On-ch...

Asia is home to 1.7 billion gamers and contributes over $72 billion in annual gaming revenue making it a critical market according to DappRadar. Asia is “crucial” to the Web3 gaming industry as it already boasts the majority share of gamers, gaming revenue and has a high interest in blockchain technology a new report suggests. An April 13 report from analytics platform DappRadar emphasized the Asian market has over 1.7 billion video game players accounting for 55% of the world’s gamers. It also houses over half of the global gaming revenue and has long been “the driving force” behind the global gaming industry according to the report. Market share of global gamers data revealed. Source : DappRadar Due to these factors, DappRadar claims the Asia region “plays a crucial role in the adoption of blockchain gaming.” China, Japan, and South Korea dominate the gaming industry in Asia and are home to 62 of the world’s top 100 gaming companies by market capitalization. China has banned crypt...