BlockBeats news, on December 4, the South Korean National Assembly held an emergency meeting in the early morning of December 4 to vote on 'the demand to lift the emergency martial law.' 190 members attended the meeting, and 170 members voted in favor. The Speaker of the South Korean National Assembly, Yoo Won-sik, subsequently declared the emergency martial law invalid.

The spokesperson of the South Korean parliament requested the police to leave the parliament. (Kim Ten)

BlockBeats news, December 4, the South Korean National Assembly passed a request to lift the state of emergency. (Golden Ten)

BlockBeats news, December 3: According to market news, the South Korean National Assembly has begun a plenary session.

Previously, more than half of the members of the National Assembly are currently in the assembly, and if a majority of members agree, the South Korean National Assembly is expected to pass a resolution requesting the lifting of martial law. (Jin Shi)

BlockBeats news, December 3rd, the South Korean Ministry of Defense stated that Defense Minister Kim Dong-kyun chaired a major commanders' meeting in the afternoon and instructed the military to strengthen readiness. President Yoon Suk-yeol delivered an emergency address at the Blue House in Yongsan, Seoul, announcing the implementation of emergency martial law. It is reported that Kim Dong-kyun suggested Yoon Suk-yeol implement martial law.

As Yoon Suk-yeol announced the implementation of martial law, major military personnel urgently returned to their posts to enhance readiness and understand the relevant situation. Currently, the military has instructed commanders at the battalion level and above to be on standby and has directed all Ministry of Defense staff to report to work.

BlockBeats News, December 3, the South Korean government stated that South Korea will provide unlimited liquidity to the market when necessary. (Jin Shi)

BlockBeats news, December 3, market news: South Korean parliamentary aides were seen spraying fire extinguishers to repel martial law troops.

Earlier, live broadcasts showed that South Korean martial law troops tried to enter the Capitol. (Jin Shi)

According to BlockBeats, on December 3, a large number of people gathered in front of the South Korean National Assembly, demanding to enter the National Assembly and shouting slogans at the scene, demanding that Yoon Seok-yeol withdraw the martial law order.

South Korea's martial law troops then blocked the entrance to the National Assembly. The area around the South Korean presidential palace in Yongsan, Seoul, was put under full control. (Kim Shih)

BlockBeats news, December 3, according to the Korea Herald, late Tuesday night, the South Korean president declared a state of martial law. However, if the opposition-controlled Congress votes to abolish the agreement, the agreement will be short-lived.

After the unexpected move by President Yoon Seok-yeol, the opposition Democratic Party quickly mobilized to repeal the measure, despite earlier reports that access to the National Assembly building was blocked under the state of emergency decree. Democratic Party leader Lee Jae-myung issued an emergency directive to all lawmakers that day to hold meetings in the National Assembly hall.

BlockBeats News, December 3rd, according to Yonhap News Agency, South Korean President Yoon Suk-yeol delivered an urgent address at the presidential office in Yongsan, Seoul, on December 3rd, announcing the implementation of 'emergency martial law' to maintain the order of constitutional freedom.

Yoon Suk-yeol stated that through the implementation of 'emergency martial law', he will rebuild and defend the free Republic of Korea to prevent the country from 'falling into the path of destruction'. 'To this end, I will eradicate the culprits and anti-state forces that push the country to the brink of ruin.' He emphasized that in order to ensure the freedom and safety of the people, as well as the sustainable development of the country, which is not affected by the 'anti-state forces attempting to subvert the national system', it is necessary to implement 'emergency martial law' to pass the country intact to the next generation.

According to BlockBeats, on December 3, Bitcoin rebounded strongly and broke through $96,000, and the 24-hour decline narrowed to 0.73%, completely erasing the decline caused by the emergency in South Korea.

According to BlockBeats, on December 3, after the South Korean president announced a state of emergency, related assets in South Korea plummeted, raising investor concerns about political instability and turmoil. The iShares MSCI South Korea ETF fell 5.1% in the U.S. market, marking the largest single-day drop since August 5. The Korean won fell to its lowest level against the U.S. dollar in over two years.

Samsung Electronics' stock price listed in London fell by 5%. Arup Chatterjee, a strategist at Wells Fargo in New York, stated that in recent weeks, as the market began to digest the possibility of increased tariffs under Trump's new government, domestic uncertainty in South Korea has intensified under external pressure.

BlockBeats news, on December 3, a spokesperson for the Korea Exchange stated that they are evaluating whether normal trading will resume on Wednesday. The exchange retracted earlier information that trading would proceed as usual. (Jinshi)

BlockBeats news, December 3, according to Yonhap News Agency: South Korean armed forces entered the congress area. (Jinshi)

BlockBeats News, December 3, according to the Washington Post, early Tuesday morning local time, U.S. Secret Service agents shot at a robber attempting to hijack a vehicle near the residence of Treasury Secretary Yellen. No one was hit, and the suspect has not yet been arrested. (Jinshi)

BlockBeats news, on December 3, according to HTX market data, LDO broke through 2 dollars, rising over 12% in 24 hours.

According to BlockBeats, on December 3, according to HTX market data, RATS and SATS both rose by more than 15% in 24 hours, and ORDI once rose by more than 22%.

BlockBeats news, on December 3, Bank of America economists stated that the employment report for November will be released on Friday, at which time investors should pay attention to the two-month growth rate, especially considering the significant risk of revision in October's data.

A survey by The Wall Street Journal indicates that the U.S. non-farm payrolls in November are expected to increase by 214,000, up from 12,000 in October. Bank of America expects this figure to exceed 240,000 due to the impact of the hurricane and the Boeing strike. It is also expected that the labor force participation rate will rebound, causing the unemployment rate to rise from 4.1% to 4.2%, in line with The Wall Street Journal's expectations.

On the evening of December 3, affected by the news of the martial law order issued by South Korean President Yoon Seok-yeol, the market of Upbit, a mainstream cryptocurrency trading platform in South Korea, experienced a flash crash, resulting in a serious negative premium for a large number of trading pairs. Among them, the price of BTC once fell below $70,000, and DOGE flash crashed by more than 50%. In addition, "zombie coins" such as XRP, HBAR, and XLM, which have risen rapidly in recent days, also experienced a huge retracement, and once again staged a "regional 312". Affected by the flash crash of Upbit, the crypto market also experienced an overall decline.

The huge negative premium also brings rare profit opportunities to arbitrage traders, and many traders with Korean KYC have entered the battlefield. However, according to feedback from some community members, Upbit's Korean main site has been down, but users can still conduct arbitrage transactions through other regional portals such as Indonesia. Upbit officials also issued a statement later saying that the website was interrupted due to a surge in trading volume.

According to BlockBeats, on December 3, according to Lookonchain monitoring, the cryptocurrency market plummeted after South Korea announced "martial law". Many whales transferred a large amount of USDT to Upbit, probably to buy at the bottom.

Within one hour after South Korea declared "martial law", more than 163 million USDT flowed into Upbit.

BlockBeats news, on December 3rd, according to HTX market data, ORDI has increased by over 18% in 24 hours, currently priced at 46.16 USD.