Crypto Morning Brief: South Korean Exchanges Pilot Evening Trading, MicroStrategy Market Cap Surpasses Block

South Korean stock exchanges will pilot evening trading sessions starting next week, extending hours until 8 p.m. to test liquidity and global demand. Meanwhile, MicroStrategy (MSTR) has overtaken Block Inc. in market capitalization, ranking 217th among U.S. public companies. Bitcoin market sentiment recently hit its highest level since March 2024, briefly entering 'extreme greed.' Hyperliquid burned 32,770 HYPE tokens worth approximately $2.65 million over the past 24 hours. FTX founder Sam Bankman-Fried (SBF) continues to face legal setbacks, with his criminal conviction appeal rejected and a pardon unlikely. Additionally, AMC CEO Adam Aron has renewed his questioning of Robinhood's stock token mechanism, while Jiang Zhuoer (江卓尔) announced the sale of his entire Bitcoin position at $77,226.