Odaily星球日报讯 据官方公告，Upbit 将于 12 月 10 日 22：00（UTC+8）上线 ME/韩元、USDT、BTC 交易对。

Upbit将上线ME/韩元、USDT、BTC交易对

According to the official Odaily, Upbit will launch ME/Korean won, USDT, and BTC trading pairs at 22:00 (UTC+8) on December 10.

Upbit will launch ME/KRW, USDT, BTC trading pairs

Odaily Planet Daily Report: According to CoinGecko data, the market share of <Upbit>, the largest cryptocurrency exchange in South Korea, increased from 56.5% on the eve of the US presidential election (November 5) to 78.2% on December 7, an increase of 21.7 percentage points. Especially on December 4, when the <Bit>coin price first approached a breakthrough of $100,000, <Upbit>'s market share once exceeded 80%. During the same period, the market share of the second-largest exchange <Bithumb> decreased from 41.2% to 19.3%. The market shares of other domestic exchanges <Coinone>, <Korbit>, and <Gopax> did not change significantly, remaining between 0 and 1%. Industry insiders said that "the phenomenon of <Upbit>'s market share increasing during a surge in trading volume has occurred many times in the past. This may be due to the return of existing users who stopped trading during the market downturn, leading to an increase in <Upbit>'s trading volume." The analysis points out that if this trend continues, the "monopoly" controversy may arise again. According to the "Monopoly Regulation and Fair Trade Act", if a company's market share exceeds 50%, it is considered a monopoly and subject to regulation. Previously, in October, Kim Byung-hwan, chairman of the Financial Services Commission of Korea, said that he would examine the monopolistic structure of the virtual asset market centered on <Upbit>. During the National Assembly's policy inspection, Kim Byung-hwan responded to lawmakers' inquiries about <Upbit>'s monopolistic structure. On that day, lawmakers pointed out that "the largest virtual asset exchange in Korea, <Upbit>, is ranked second in the world, and the phenomenon of excessive concentration in a single company and <Upbit>'s monopolistic system began after it started cooperating with K Bank." He then said that <Upbit>'s deposits account for a large portion of K Bank's deposits, and the bank is about to go public. (YouthDaily)

Upbit’s market share has increased by 21.7 percentage points since the US election, and exceeded 80% on December 4.

Players from three different perspectives have written three completely different scripts.

Expected 40U? Estimated opening price of $ME from multiple angles

Over the past 24 hours, the cryptocurrency market suddenly spiked after a downward trend. 

At around 12:00 AM Beijing time on December 10th, BTC fell back to $94,355.91 in the short term, but then quickly rebounded to $96,400, a process that lasted about 10 minutes. During the same period, Ethereum (ETH) fell 10% to $3,590, and mainstream cryptocurrencies Cardano (ADA), Avalanche (AVAX), and XRP (XRP) fell nearly 20%.

[Over $1.7 billion in liquidations in 24 hours, is this a normal market adjustment or the end of the bull market?]