[South Korea's Revised Listing Rules Take Effect in July, KOSDAQ Crypto Treasury Companies Face Delisting Pressure] According to the Chosun Ilbo, South Korea's revised listing rules will officially take effect on July 1, further raising the listing threshold. Hit by the dual impact of Bitcoin price declines and capital outflows from the KOSDAQ market, South Korean KOSDAQ-listed crypto treasury companies are facing delisting risks. BitMEX fell 6.3% on the day to 1,228 KRW, with its market capitalization now below the minimum market cap standard for the second half of the year, putting it at risk of delisting. Parataxis Ethereum (26.8 billion KRW) and Bit Planet (33.1 billion KRW) are above the lower limit for the second half but have not reached the market cap threshold that will be raised in January next year. Parataxis Korea has been suspended from trading since April due to capital impairment and is undergoing a listing qualification review. The direct cause of the delisting crisis is the weak performance of virtual asset prices.