Welcome to the Asia Pacific Morning Brief-your essential digest of overnight crypto developments shaping regional markets and global sentiment. Grab a green tea and watch this space.
So, you’ve probably heard that Trump’s World Liberty Financial token (WLFI) has made its grand debut, landing itself comfortably in the 26th spot among the world’s largest cryptocurrencies. And just when you thought it couldn’t get any more exciting, South Korea has decided to join the global crypto information sharing party. 🎉
Trump’s WLFI Token Debuts as 26th Largest Cryptocurrency
WLFI is now live and trading, and it didn’t waste any time climbing the ranks to become the 26th largest cryptocurrency. At a current trading price of around $0.23, early investors who scooped up the token at a mere $0.015 are now enjoying a whopping 1,400% gain. With a circulating supply of 24.66 billion tokens, the market cap has soared to $5.78 billion, and the fully diluted valuation stands at an impressive $23.44 billion.
The Trump family, ever the savvy investors, currently holds 22.5 billion tokens, which are now worth approximately $5.16 billion. However, it’s not all smooth sailing; over $12.36 million in leveraged positions were liquidated within the first four hours of trading. Major exchanges like Binance, Bybit, and Gate wasted no time in listing the token.
Excited to share my thoughts on $WLFI – I truly believe this will be one of the biggest and most important projects in crypto.
We have no plans to sell our unlocked tokens anytime soon. The long-term vision here is too powerful, and I’m fully aligned with the mission.…
– H.E. Justin Sun (Astronaut Version) (@justinsuntron) September 1, 2025
Tron founder Justin Sun, always one to spot a good deal, emerged as the most prominent early investor with significant allocations. The project managed to raise a staggering $550 million through two sales rounds before hitting the market. World Liberty has proposed using protocol fees for token buybacks and permanent burns to reduce supply, ensuring the token remains a hot commodity. 🌡️
Korea Joins Global Crypto Information Sharing Framework
According to Kukmin Ilbo, South Korea is set to implement the OECD’s Crypto-Asset Reporting Framework (CARF) next year. This means that domestic exchanges like Upbit and Bithumb will be required to share transaction data for foreign investors. The Ministry signed the multilateral agreement with 48 countries back in November, marking a significant step towards global crypto transparency.
Data sharing will kick off in 2027, covering transactions from 2026 onwards. Currently, Korean citizens are required to report overseas crypto holdings exceeding 500 million won on a monthly basis. The framework will capture all overseas transactions, regardless of the amount, and operates independently of Korea’s suspended crypto taxation, which is set to resume in 2027.
BeInCrypto’s Asian Coverage
Korean investors, in a move that seems straight out of a financial thriller, have pulled a cool $657 million from Tesla and plowed an astounding $12 billion into U.S. crypto companies. 🚗➡️💰
Binance CEO CZ predicts that decentralized finance (DeFi) will soon overtake centralized exchanges, while Japan Post Bank has unveiled a $1.3 trillion digital currency plan. The bank aims to launch the DCJPY tokenized deposit currency by 2026, revolutionizing digital securities settlements.
Metaplanet has joined the ranks of the world’s largest corporate Bitcoin treasuries, holding over 20,000 BTC. Meanwhile, Gumi, a game developer, has invested $17 million in XRP, aligning with SBI Holdings’ blockchain strategy.
On the other side of the tech spectrum, a Chinese state company has issued a $700 million RWA digital bond on Ethereum, earning an A- rating. Bank of China shares surged 6.7% amid rumors that the bank is applying for a Hong Kong stablecoin license.
Japan is leading the charge in Asia’s stablecoin shift, with JPYC and major banks preparing to launch regulated yen tokens. Coinbase and OKX are also setting their sights on Australia’s $2.8 trillion pension pool, introducing dedicated SMSF crypto products.
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2025-09-02 07:43