7 月 17 日，据 CoinGecko 数据，过去 24 小时，韩国最大交易平台 Upbit 交易量达 42 亿美元，其中 XRP/KRW 交易对以 22.17% 的成交量占比位居韩元交易市场首位，其余排名前五分别为：ETH、BONK、BTC、DOGE。

<div><p>7 月 17 日，据 CoinGecko 数据，过去 24 小时，韩国最大交易平台 Upbit 交易量达 42 亿美元，其中 XRP/KRW 交易对以 22.17% 的成交量占比位居韩元交易市场首位，其余排名前五分别为：ETH、BONK、BTC、DOGE。</p></div>

Upbit 24小时交易量排行：XRP、ETH、BONK、BTC、DOGE跻身前5

On July 17, according to CoinGecko data, in the past 24 hours, the trading volume of Upbit, the largest trading platform in South Korea, reached $4.2 billion. Among them, the XRP/KRW trading pair ranked first in the Korean won trading market with a 22.17% trading volume share, with the remaining top five being: ETH, BONK, BTC, Doge.

<div><p>On July 17, according to CoinGecko data, in the past 24 hours, the trading volume of Upbit, the largest trading platform in South Korea, reached $4.2 billion. Among them, the XRP/KRW trading pair ranked first in the Korean won trading market with a 22.17% trading volume share, with the remaining top five being: ETH, BONK, BTC, Doge.</p></div>

Upbit 24-hour trading volume ranking: XRP, ETH, BONK, BTC, DOGE are among the top 5

In the crypto world, what truly determines victory is never code, but the interplay between liquidity, power, and regulation. The rise and fall of BUSD is not merely a tragic tale of a stablecoin, but a financial war waged by exchanges attempting to "unify the world."

When BUSD was thrust onto the historical stage, it carried not only a compliance narrative, but also Binance's ambition to reshape the stablecoin order through coercive measures—by manipulating exchange rates and merging trading pairs, directly swallowing competitors' liquidity into its own ledger.

The "automatic conversion" of 2022 was a textbook example of a blitzkrieg; and 2023...

The Rise and Fall of Binance's Dominance: From BUSD's "Unification" to $U's "Conquering the World"—The Stablecoin Wars

Source: Galaxy Research; Translation: Jinse Finance xz
Bitcoin's closing price in 2025 is expected to be roughly the same as the level at the beginning of the year.
The cryptocurrency market experienced a genuine bullish wave in the first ten months of this year. Regulatory reforms continued to advance, ETFs continued to attract funds, and on-chain activity became increasingly active. Bitcoin hit an all-time high of $126,080 on October 6th.
However, the market failed to deliver the expected breakthrough after the initial frenzy; instead, it experienced rotation, repricing, and rebalancing. This was driven by factors such as unmet macroeconomic expectations, a shift in investment narratives, leveraged margin calls, and massive...

Galaxy: 26 Predictions for the Crypto Market in 2026

Messari released "The Crypto Theses 2026," a report that predicts future trends in public blockchains, DeFi, AI, DePIN, and TradFi. From Messari's perspective, 2026 will be a pivotal year for cryptocurrencies, marking a shift from "speculative" to "system-level integration."

Author: Messari
Compiled/Translated by: ODIG Invest
Messari Releases "The Crypto Theses 2026"...