Bitcoin News Today: Upbit Lists Story (IP) with Trading in KRW, BTC, and USDT Pairs Starting August 8

Upbit, one of South Korea’s leading cryptocurrency exchanges, has confirmed the listing of Story (IP) on its platform. The altcoin will be available for trading in KRW, BTC, and USDT pairs starting on August 8, 2025. Deposits for the IP token will be enabled within 1 hour and 30 minutes following the announcement, with trading commencing at 1:00 PM Turkish time. The token can only be deposited and withdrawn using the IP-Story network [1].

The listing includes several transaction restrictions in the initial phase. For the first five minutes after trading begins, buy orders will not be permitted. Additionally, sell orders within the first five minutes cannot be placed at prices more than 10% below the previous day’s closing price. During the first two hours of trading, only limit orders will be supported, aiming to prevent excessive volatility and manipulation [1].

As of August 8 at 10:50 CET, the price of IP was recorded at 658 KRW, 0.00005348 BTC, and 25 USDT [1]. These figures provide a baseline for market participants as they assess the token’s potential performance post-listing.

Story (IP) is described as a Layer-1 blockchain designed for intellectual property management. The platform allows for the tokenization of various forms of digital content, including visual media, music, NFTs, and AI models. Information such as copyright agreements and authorship is stored on the blockchain, enabling a transparent and decentralized approach to rights management. The native IP token is used for gas fees, validator staking, and other ecosystem functions [1].

The listing of IP reflects Upbit’s strategy to expand its altcoin offerings amid growing interest in innovative blockchain projects. This aligns with broader industry trends, as other exchanges also introduce new tokens. For example, Bithumb announced the listing of Treehouse (TREE) in KRW pairs on the same date [2].

The altcoin market has shown a modest upward trend in recent days. Ethereum (ETH) rose approximately 2.6% in the last 24 hours, while DOGE, SUI, and SOL saw gains between 1% and 5%. POL and Ethena (ENA) were top performers in the top 100 tokens, with increases of 9% and 8.3%, respectively [3].

Bitcoin also showed slight movement, flirting with the $115,000 level and rising by about 0.8% over the same period. Despite these gains, the overall market remains in a holding pattern, with traders closely watching geopolitical developments and potential U.S. monetary policy shifts [4].

As Upbit introduces IP to its platform, the move is expected to attract traders seeking exposure to emerging tokens. However, market participants remain cautious, as crypto remains sensitive to macroeconomic and regulatory factors. The listing could enhance liquidity and trading activity in the altcoin space, but outcomes will depend on broader market sentiment and regulatory clarity [5].

Source:

[1] Bitcoin Exchange Upbit Announces New Altcoin Listing! Here Are the Listed Altcoin Pairs. https://coinmarketcap.com/community/articles/6895afa749d6ee61ad9953f9/

[2] Bitcoin Exchange Bithumb Announces Listing of This Altcoin on Its Spot Trading Platform. https://en.bitcoinsistemi.com/bitcoin-exchange-bithumb-announces-listing-of-this-altcoin-on-its-spot-trading-platform-here-are-the-details-14/

[3] Bitcoin Flirts With $115,000 as Crypto Markets Remain Uncertain: Market Watch. https://cryptoadventure.com/bitcoin-flirts-with-115000-as-crypto-markets-remain-uncertain-market-watch/

[4] Mantle Price USD, MNT Price Live Charts, Market Cap &. https://www.bitgetapp.com/price/mantle

[5] Latest berachain News, Opinions and Feed Today. https://www.binance.com/en/square/hashtag/berachain