South Korea's revised listing rules, effective July 1, are set to increase the pressure on KOSDAQ-listed crypto treasury companies facing delisting risks. The changes come as Bitcoin prices decline and capital outflows from the KOSDAQ market intensify. BitMEX shares fell 6.3% to 1,228 KRW, dropping below the minimum market capitalization standard for the second half of the year, putting it at risk of delisting. Parataxis Ethereum and Bit Planet, with market caps of 26.8 billion KRW and 33.1 billion KRW respectively, remain above the current threshold but fall short of the new standards effective January next year. Parataxis Korea has been suspended since April due to capital impairment and is under listing qualification review. The delisting threat is primarily driven by weak virtual asset prices, compounded by a 10% decline in the KOSDAQ this year, as funds shift towards larger KOSDAQ stocks, leaving crypto treasury firms struggling to attract market interest.