South Korea's largest cryptocurrency exchange, Upbit, announced the listing of SynFutures (F) token on October 21, 2025, with KRW and USDT trading pairs. This move triggered a sharp market reaction, with the F token surging over 120% in price shortly after the announcement and trading volume jumping nearly 500% to around $180 million in a single day. SynFutures operates as a decentralized derivatives exchange, featuring an on-chain Automated Market Maker (Oyster AMM) and supporting perpetual futures trading on assets like cryptocurrencies and Real World Assets (RWA). It has captured approximately 80% of trading volume on Coinbase's Base chain, establishing itself as a leading derivative DEX.
In parallel, Bithumb, South Korea's second-largest exchange, listed ZORA and RECALL tokens with KRW pairs on the same date. ZORA, an open-source decentralized NFT protocol, experienced a 6% price increase to around $0.1010 and saw its market capitalization surge by 125% over the past month, positioning it among the top 120 cryptocurrencies globally. Meanwhile, RECALL, a decentralized AI-focused platform for on-chain knowledge sharing, traded near $0.39 with a slight downward movement ahead of its listing.
Adding to the momentum, Binance launched its 55th HODLer Airdrop project, Turtle (TURTLE), with trading set to begin on October 22, 2025, at 23:00 (UTC+8). The listing includes pairs with USDT, USDC, BNB, FDUSD, and TRY, and features a Seed Tag label. Turtle is a Web3 DeFi protocol that rewards users for on-chain actions like staking without smart contracts. The initiative includes an exclusive airdrop, the Turtle Booster Program, offering participants a share of 15 million TURTLE tokens (1.5% of total supply) for completing tasks during early development.
Despite broader market corrections, these listings have significantly boosted liquidity and visibility, with F's trading volume spiking ninefold within hours, underscoring strong investor interest in emerging tokens.
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