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Naver acquires Upbit in Korea

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Markets caught a brief relief rally yesterday, with BTC finishing +1.2% after a tough week of trading. Relief rallies like this often reveal which sectors are best positioned to outperform when risk appetite returns. Gaming led the rebound with a +3.07% gain, extending its strong momentum from last week, while Memes also stood out with a +1.53% rise. On the other end, L2s slipped -1.17% and L1s edged lower at -0.37%, making them the weakest sectors in an otherwise positive session.

While large liquidations that clear out leverage are often followed by a sharp V-shaped recovery, this time…

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