South Korea's KOSPI index has declined for the seventh consecutive week, dropping more than 5% this week.

On Trade.xyz, Unitree’s pre-IPO perpetual contract price has surged sharply, now trading at $90.495 (approximately 610 RMB), with a 24-hour increase of 23.1%. The corresponding post-IPO market capitalization is around $36.5 billion (about 246.7 billion RMB). According to Unitree’s IPO offering price set yesterday at 150.8 RMB per share, it is expected to deliver a 4.04x gain from new IPO subscriptions after listing. Unitree’s STAR Market IPO plans to issue 40.4464 million shares, accounting for 10% of its total share capital post-issuance. One lot consists of 500 shares, with an estimated subscription payment of around 75,000 RMB per lot. Based on Trade.xyz’s pricing, 500 shares are valued at 305,000 RMB, translating to an approximate profit of 230,000 RMB after deducting subscription payments.

According to official announcements, e-commerce working capital financing RWA platform Dow Protocol has completed a $10.5 million seed funding round, co-led by MH Ventures and Mapleblock Capital, with participation from Animoca Brands, Arcane Group, Hashkey Chain, Essentia Partners, and Quartet Group. Dow Protocol serves merchants of leading global e-commerce platforms, providing working capital financing based on their sales receivables and real operational data. Its underlying asset service system is integrated into mainstream e-commerce platforms, enabling direct access to merchants’ raw operational data for credit assessment and risk control. Additionally, via partnerships with these platforms, repayments are deducted directly from the platform side, bypassing merchant accounts, mitigating repayment risks at the source and building an industry-leading collection mechanism. On the capital side, Dow Protocol leverages stablecoins’ instant settlement capabilities to cut traditional lending’s lengthy disbursement process to as fast as same-day arrival. For the cash-flow-sensitive working capital market, disbursement speed is a value in itself, so market participants are willing to pay a premium for this efficiency. Meanwhile, Dow Protocol advances a native on-chain logic for working capital financing, enabling highly granular, programmable execution of financing terms and redefining the underlying operational logic of supply chain finance. Dow Protocol positions itself as a universal pan-e-commerce PayFi RWA financing protocol, with a framework scalable to meet supply chain financing needs across multiple sectors including e-commerce, food and beverage, payments, gaming, and AI computing power.

According to an official announcement, Upbit has added Synthetix (SNX) to its trading warning list.

SK Hynix announced it will invest $38.4 billion to expand its chip business in South Korea. The company plans to invest 19.1 trillion won (equivalent to $134.7 billion) in the M17 chip plant in Cheongju, with the investment set to be completed by 2031. It will also allocate 35.2 trillion won (approximately $249 billion) in Yongin for the construction of a second-phase chip facility.

According to Digital Asset, South Korea’s National Police Agency has selected Dunamu, parent company of crypto exchange Upbit, via public tender to oversee the custody of seized virtual assets under a 1-year contract. The seized digital assets will be managed through Upbit Custody, the platform’s digital asset custody service, enabling real-time responses to regulatory infrastructure and round-the-clock custody and management throughout the 365-day term. The service uses 100% offline cold wallets, 24/7 monitoring, and incorporates MPC, DKG multi-key management, and multi-signature technologies to ensure asset isolation and security.

According to an official announcement, South Korean cryptocurrency exchange Upbit has announced it will terminate trading support for BONK at 15:00 KST on September 7, 2026.