The token experienced a sharp rally earlier in the day, reaching a local high of $778, but a rapid sell-off followed, trimming gains made during the advance.
Revived investment bank Salomon Brothers is using Bitcoin’s blockchain to claim abandoned wallets, sparking legal and ethical debates as it targets dormant addresses holding billions in BTC.
The online lender joins a growing wave of Korean fintechs eyeing stablecoin issuance after the government scrapped its CBDC pilot in favor of private-sector alternatives.