News
12 Aug 2025, 07:00
South Korean Investors Shift To Crypto-Related Stocks Amid Stablecoin Push – Report
South Korean retail investors have recently shifted their focus when investing in overseas stocks, moving from US big tech stocks to crypto-related equities amid growing global interest in the sector. South Korean Investors Turn To Crypto Stocks Over the past few months, South Korean individuals investing in overseas stocks have shifted from US big tech equities to crypto-linked stocks, recent data showed, with a focus on stablecoin-related companies. Citing data from the Korean Center for International Finance (KCIF), Yonhap News Agency reported that the percentage of crypto-linked equities in the top 50 net-bought stocks by local retail investors increased from 8.5% in January to 36.5% in June before dropping to 31.4% last month. Meanwhile, net purchases of the top seven US big tech stocks declined nearly 74% from a monthly average of $1.68 billion between January and April to $440 million in May, further dropping to $260 million in July. According to the report, South Korean investors became net sellers of overseas stocks in May and June but returned to net buying in July with $499 million in purchases. Nonetheless, the new momentum was considerably weaker compared to the $3.8 billion monthly average buying between January and April. “Since June, the domestic stock market has outperformed overseas markets, while the local currency has strengthened, prompting individual investors to withdraw their investments from foreign markets,” Yonhap News Agency noted, citing the KCIF report. On Monday, Bloomberg also highlighted that South Korean retail investors have flocked to BitMine Immersion Technologies over the past month, as investors “continue to be drawn to the kind of high-risk, high-reward opportunities on offer in crypto.” The news media outlet reported that local retail investors have poured $259 million into Bitmine stocks since the start of July. According to Korea Securities Depository data, this made the company the most purchased foreign security stock during that period. Notably, BitMine is a Bitcoin and Ethereum Network Company “with a focus on the accumulation of Crypto for long-term investment.” It recently became the largest ETH treasury in the world and the third-largest crypto treasury globally, with its holdings surpassing 1.15 million ETH, valued at $4.96 billion at current prices. Retail Shift Fueled By Stablecoin Momentum According to the KCIF report, the surge in crypto-related equities, and particularly stocks related to stablecoins, follows the passage of landmark crypto legislation in the US. President Donald Trump signed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act into law last month, setting a framework for much-needed stablecoin regulation and innovation in the country. Amid the US push, stablecoins have also seen growing momentum in several jurisdictions, including South Korea. In June, a member of the Democratic Party of Korea (DPK) proposed a comprehensive legislation to establish a more structured regulatory framework for crypto assets in the country, which included a licensing system for stablecoin issuers. In July, South Korea’s ruling and opposition parties also proposed rival bills to establish a regulatory framework for digital assets pegged to the Korean Won (KRW) to advance the ongoing efforts to institutionalize the sector. As reported by Bitcoinist, the banking sector is preparing for the upcoming legislation, studying two legalization scenarios, as it remains unclear whether non-bank entities will be allowed to be stablecoin issuers. The financial institutions are also considering a business model in which banks establish a joint venture to collectively issue stablecoins, and have reportedly contacted various non-bank companies to prepare for the legalization and issuance of KRW-pegged digital assets.
12 Aug 2025, 07:00
Pundit Predicts ‘Near Term’ Bitcoin And Ethereum Prices, There’s Still Room To Run
Bitcoin and Ethereum prices began to rally over the weekend, and interestingly, ETH was able to beat the $4,000 level for the first time in eight months. Bitcoin also recovered from its crash below $113,000 the previous week, taking the rest of the crypto market with it. Naturally, the reversal to bullish sentiment has brought investors out of the woodwork, with predictions now circling for where both Bitcoin and Ethereum prices are headed. Bitcoin To $150,000 And Ethereum To $8,000 Ex-Wall Street trader Vivek Raman has shared a prediction that has reignited hope once again in crypto investors. This comes after a notable weekend rally and the possibility of Bitcoin and Ethereum reaching brand-new all-time highs soon. Despite this already impressive rally, Raman does not believe that the move is over, sharing a near-term prediction for both cryptocurrencies. Related Reading: Bitcoin Nears $120,000 Again As El Salvador Opens Bitcoin Banks In the post, the pundit uses the ETHBTC chart, which has been on fire lately, to predict where both digital assets are headed next. Raman was responding to another crypto analyst, Pentoshi, who believes the ETHBTC chart was headed to 0.055 after moving above 0.036. Breaking this down, Raman explains that reaching this level would mean that the Ethereum price would be at $8,250 per coin, pushing it to a $1 trillion market cap. Amid this, he believes that the Bitcoin price could hit as high as $150,000 in the near term, making the likelihood of ETH touching $8,000 higher. The push for Ethereum to hit $8,000 comes amid ETH treasury companies gaining ground recently. Raman suggests that investors could rotate from Bitcoin treasury companies into ETH, triggering a Wall Street run on Ethereum. Looking at the longer timeframe, Raman forecasts that the Bitcoin price could hit as high as $250,000. At the same time, the Ethereum price is expected to hit $25,000, which would put the ETH market cap at a whopping $3 trillion market cap while Bitcoin moves in on a $10 trillion market cap. BTC And ETH Getting Big Predictions Raman is not the only crypto pundit who has shared major predictions for the Bitcoin and Ethereum prices recently. According to a report from Bitcoinist, another analyst Fapital has shared where they expect both Bitcoin and Ethereum to be by 2032. Related Reading: XRP Price Could Explode To $3.8 Amid Trend Continuation Fapital puts the Bitcoin price as high as $889,969, with Ethereum as high as $28,000 during this time. While both predictions span between shorter and longer timeframes, there is a similarity in the exception that the Ethereum price will eventually cross the $20,000 target. Featured image from Dall.E, chart from TradingView.com
12 Aug 2025, 07:00
BTC & ETH Whale Nets $6.2M Profit — SOL Whales Join as This Altcoin Breaks Major Resistance During Live Trading
The crypto market is once again heating up after a huge whale trade shook things up. A single trader pocketed $6.2 million in profit from Bitcoin (BTC) and Ethereum (ETH) this week. That kind of win naturally drew the attention of traders, both big and small. At the same time, Solana (SOL) whales have stepped back into the market as another fast-rising altcoin smashed through a major resistance level during live trading. That altcoin is MAGACOIN FINANCE, and it’s quickly becoming one of the most talked-about coins of the year. MAGACOIN FINANCE—Why It’s Featured in 2025’s Best Altcoin Reports Top market experts have highlighted MAGACOIN FINANCE as the best altcoin in 2025 reports, placing it among the most promising picks in the current market. The project has been building steady momentum with growing whale interest and strong retail participation. The excitement is not just about price action—it’s also about timing. Being in the early stages gives MAGACOIN FINANCE the potential to deliver outsized gains if market sentiment stays bullish. Bitcoin and Ethereum—The $6.2 Million Whale Story The week started with a bold move. A whale bought BTC and ETH during a brief market dip and sold after a sharp recovery. The result was a staggering $6.2 million profit. This kind of calculated trading shows the confidence some big players have in the top two cryptocurrencies. Bitcoin has been holding firm above a critical support zone, while Ethereum has shown solid upward momentum. Analysts suggest both could see more gains if broader market conditions remain supportive. Solana Whales Are Back in Action Solana has been gaining quiet but steady traction. Over the last week, whale activity has surged, with several large purchases recorded on-chain. Such moves often signal that big investors expect a price breakout. SOL’s recent uptick in volume adds weight to this view. Many traders are now watching for a possible rally to the next resistance level. The renewed whale interest has given the Solana community fresh optimism after a period of consolidation. Final Thoughts The market this week has been driven by smart whale moves, key breakouts, and shifting trader focus. Bitcoin and Ethereum’s $6.2 million whale win has reminded everyone of the potential in well-timed trades. Solana’s whale-driven momentum hints at bigger things ahead. Meanwhile, MAGACOIN FINANCE is already ranking among 2025’s best altcoins, making it one to watch closely. If current trends continue, MAGACOIN FINANCE could join BTC, ETH, and SOL as one of the year’s strongest performers. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: BTC & ETH Whale Nets $6.2M Profit — SOL Whales Join as This Altcoin Breaks Major Resistance During Live Trading
12 Aug 2025, 06:58
Ripple CTO Reacts to SEC's Post-Lawsuit Statements
Meanwhile, XRP is having a not-so-super day despite recent statements from SEC officials
12 Aug 2025, 06:56
Ether ETFs see record $1B inflows as ETH flashes bull signs
Spot Ether ETFs had their biggest net inflow day ever on Monday, outpacing their Bitcoin counterparts amid ETH's recent really.
12 Aug 2025, 06:55
Trump congratulates Grant Forrest on Inaugural Nexo Championship victory
In this post: Grant Forrest wins the inaugural Nexo Championship at Trump International Golf Links in Scotland. Forrest bagged a $10,000 bonus, $50,000 in NEXO Tokens, and $467,500 in prize money. U.S. President Donald Trump video-called Forrest to congratulate him on his achievement. The inaugural Nexo Championship at Trump International Golf Links in Scotland just ended on August 11, with Grant Forrest taking the first spot. He earned a course record bonus and also a congratulatory call from U.S. President Donald Trump himself. The Nexo-sponsored championship is part of the DP World Tour, and Grant Forrest didn’t hide his excitement to win on home soil. It’s the first time the DP World Tour has visited Trump International Golf Links and the first event to have a crypto award. Forrest receives $50K NEXO tokens After breaking the course record with a second round 66 (-6) at Trump International, Grant Forrest won himself $10,000 as well as an additional $50,000 award in NEXO Tokens 💰 #NexoChampionship | @Nexo — DP World Tour (@DPWorldTour) August 11, 2025 Forrest faced off a fierce competition from South Africa’s Richard Sterne as the event teed off on August 8 at Trump International Golf Links in the north-east of Scotland. The Scotsman started strong on day one, finishing a shot ahead after hitting a six-under round of 66. None of the other players managed to beat that score for the remainder of the competition. Forrest’s day one feat claimed him the first course record in the DP World Tour event. He also got the first award of digital tokens over and above his $10,000 bonus. The player received $50,000 in NEXO Tokens, bringing his total bonus winnings to $60,000. “Thank you very much to Nexo. It’s been a great pleasure to accept $10,000 in cash and $50,000 in NEXO vouchers in this great initiative in the DP World Tour.” – Grant Forrest. U.S. President and course owner Donald Trump video-called Forrest to crown his achievement and congratulated him on his success. Trump also invited the Scotsman to come play a round at Trump National Golf Club in Washington, D.C., saying he’s looking forward to playing with him “tomorrow if he could get on a plane!” The President praised Forrest’s incredible golf swing while he was playing at the Washington-based golf course at the time. Forrest entered the final round with a three-shot lead and managed to finish the tournament with an impressive four-shot victory. The Scotsman’s achievement secured him $467,500 in prize money, pushing his total winnings to over $500K. DP World Tour moves to Danish Golf Championship Although Forrest’s course record at Trump International Golf Links still holds for now, more events in the DP World Tour are to come. Other players are yet to compete for more opportunities for the Course Record Award Presented by Nexo in the upcoming events. The Danish Golf Championship follows next, while the Nexo-sponsored Course Record Award will still be included till the DP World Tour Championship in Dubai. After that, the event will begin all over again the next year. Nexo said that it was delighted to have been able to put its name to the DP World Tour. The company added that it was also glad the inaugural tournament turned into such a memorable event, earning the approval of everyone from the spectators at the links course to President Trump. Nexo also acknowledged that the outstanding performance by Grant Forrest reflects everything that their vision stands for: perseverance, dedication, and commitment to excellence.
