South Korea’s retail investors are spinning large tech stocks in the United States at high risk, high rewarding of crypto equality.
A report by Yonhap News Agency citing data from the Korean Center for International Finance (KCIF) Says The percentage of crypto stocks in the top 50 net-purchased stock of South Korean investors rose from 8.5% from January to 36.5% in June before refusing 31.5% in July.
The report added that net purchases of top US big tech companies dropped to $ 260 million in July, down 84% from a monthly average of $ 1.68 billion between January and April.
KCIF relates to the transition to the rapid acceptance of stablecoins to the global financial market, saying that the The United States Genius Act has recently passed has contributed to change.
Bitmine has gained $ 259 million from South Korean businessmen since July
The Ether-stacking company Bitmine Immersion Technologies is the largest beneficiary of transferring an appetite for investor in South Korea.
On Monday, a Bloomberg report mentioning data from Korea Securities depository Says The retail investor in South Korea has poured $ 259 million into Bitmine stocks since the beginning of July. It made the company that was most bought by overseas security stock in the country in July.
In the last 30 days, bitmine has increased its handling in the ETH of 410.68% to 833,100 ETH. It now holds the largest ether in the world (Eth) stack. While the ETH passed past $ 4,300 on Monday, the company’s handles were worth about $ 3.6 billion, up to 24% from their value on Tuesday.
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Ethereum co-founder Vitalik Blerin supports Treasury companies, warning overlayverage
While Ethereum’s co-founder Vitalik Blerin supports public companies buying ETH, he warns investors that the ethical future of ethics should not come at the expense of excessive action.
With a podcast bank, Blerin said the “Downfall of Eth” could come if the treasury became “an overleveraged game.” Buterin outlined a chain chain’s worst reaction to which an ETH price collapse could be a cascade of extermination.
Nonetheless, he expressed confidence that ethical investors were sufficient discipline to eliminate such a case.
https://www.youtube.com/watch?v=bwzodbdbiuw
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