Deep Tide TechFlow News, on October 31, according to Kaiko's latest report, the South Korean Bitcoin market saw about 1% discount trading last week, marking the second occurrence since September. Historically affected by regulatory constraints on cross-border capital flows, Bitcoin has experienced 'Kimchi premiums' as high as 50%. When Bitcoin reached an all-time high in March this year, that premium briefly hit 10%, before retracting to 1-2%.

At the same time, due to rumors that the U.S. Department of Justice is investigating Tether for money laundering and evading sanctions, USDT fell to a year-low of $0.994 on U.S. exchanges last week. Despite significant sell-offs on Coinbase and Kraken, most fiat currency markets still showed net purchases of USDT.