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Company

Tiger Research

Web3 research firm focused on Asian digital-asset markets, publishing market structure and adoption analysis.

Current stories

investConfirmed3 publishers

Eight months after a $4.2 billion Tether valuation, Anchorage Digital cuts 17% of its staff

Anchorage Digital is cutting about 17% of staff, an estimated 68 jobs, eight months after Tether's $100 million investment valued it at $4.2 billion. That price covered a roughly 2.4% stake, and Anchorage's own 2023 record points to a cost cut it has reversed before.

Perspective Coverage

3 publishers
Builder
Builder 22%
Operator
Operator 40%
Investor
Investor 38%

Reality

Evidence50
Adoption30
Hype gap+15
Incentives35
Confidence55
investConfirmed3 publishers

Korea drafts tokenized-securities rules for 2027 as bills seek a fourth crypto-tax delay

South Korea's Financial Services Commission proposed rules on October 1 letting stocks, bonds and funds trade as tokens from February 4, 2027. Comments close November 11, while bills from both main parties would push the January 1 crypto income tax back as far as 2030.

Perspective Coverage

3 publishers
Builder
Builder 27%
Operator
Operator 40%
Investor
Investor 33%

Reality

Evidence70
Adoption
Not scored
Hype gap+15
Incentives55
Confidence68
investConfirmed2 publishers

Korea's crypto exchange market cap falls 33% as Bitcoin drops, amid continuing offshore exodus

Korea's licensed crypto exchanges lost 78% of operating income and a third of their combined market capitalization in H1 2026, a regulator survey shows. Bitcoin fell by the same third over the half, so the case for an exodus to offshore leverage has to rest on won deposits and turnover, figures that fit a move into Korean stocks just as well.

Reality

Evidence62
Adoption40
Hype gap+35
Incentives
Not scored
Confidence60
investConfirmed3 publishers

South Korea built its Polymarket gambling case out of public blockchain records

Police referred 18 of 26 investigated users to prosecutors over 17.6 billion won in wagers, identifying them from on-chain transactions after regulators rejected the platform's argument that it had no Korean footprint.

Perspective Coverage

3 publishers
Builder
Builder 20%
Operator
Operator 47%
Investor
Investor 33%

Reality

Evidence58
Adoption64
Hype gap+18
Incentives45
Confidence62
investOne report1 publisher

One Hong Kong issuer holds two-thirds of Korea's crypto-card downloads

Spending a stablecoin will count as a taxable disposal in South Korea from next year. The only published measure of how many people do it: about 38,000 crypto-card app downloads over 19 months.

Publishers:en.sedaily.com

Reality

Evidence32
Adoption20
Hype gap+38
Incentives58
Confidence36