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Decentralized Exchange BunniXYZ Loses $8.4M in Liquidity Exploit

by admin September 2, 2025



In brief

  • Decentralized exchange BunniXYZ has reportedly lost $8.4 million to a liquidity-based security exploit.
  • The DEX has paused all smart contract activity on its network and is “actively investigating” the attack.
  • Hackers reportedly manipulated Bunni’s “liquidity curve,” also known as its LDF, to carry out the exploit.

Decentralized exchange (DEX) BunniXYZ has reportedly lost $8.4 million to a liquidity-based security exploit.

According to on-chain security firm Hacken, $6 million of the DEX’s funds was stolen via the Unichain blockchain and $2.4 million via Ethereum. All Unichain funds were then bridged to Ethereum using the Across Protocol.

Confirming the attack in a tweet, BunniXYZ said that it had paused all smart contract activity on its network and was “actively investigating” the circumstances of the attack. It added that it would provide updates soon.

🚨 The Bunni app has been affected by a security exploit. As a precaution, we have paused all smart contract functions on all networks. Our team is actively investigating and will provide updates soon. Thank you for your patience.

— Bunni (@bunni_xyz) September 2, 2025

Founded in February 2025, BunniXYZ is based on automated market maker Uniswap v4, and primarily uses the Ethereum and Unichain blockchains. It currently has a cross-chain Total Value Locked (TVL) of just over $50 million according to DeFiLlama, though it exceeded $80 million at one point earlier this August.

Michael Bentley, co-founder of lending protocol Euler, advised users to remove their funds from Bunni in a tweet, adding that while the DEX rebalances funds in and out of Euler, the lending protocol is “not affected or at risk.” Euler endured a major exploit of its own in 2023 that saw hackers steal nearly $200 million, the bulk of which was later recovered.

What happened?

According to on-chain analyst Victor Tran, co-founder of Kyber Network, hackers manipulated Bunni’s “liquidity curve,” also known as its LDF (Liquidity Density Function). This is the system that calculates how much extra liquidity exists within the exchange and rebalances its liquidity pool to keep the right ratio of tokens.

1. Bunni is a liquidity hook that runs on top of UniswapV4. Instead of using UniswapV4’s normal system, Bunni has its own liquidity curve called LDF (Liquidity Distribution Function).

2. After each trade, Bunni checks if its LDF curve has changed since the last trade. If it has,… https://t.co/uCSWXyuAt2

— Victor Tran (@vutran54) September 2, 2025

Tran said hackers manipulated this LDF “by making trades of very specific sizes.” This caused the rebalancing calculation to break, producing incorrect results for how much each liquidity pool share should own.

By repeating this process, hackers allegedly withdrew more tokens than they should have been able to from Bunni.

Bunni itself has not yet confirmed the mechanism behind the attack.

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With ETF and NFT milestones approaching, WinnerMining launches DOGE, XRP, and BTC yield contracts
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With ETF and NFT milestones approaching, WinnerMining launches DOGE, XRP, and BTC yield contracts

by admin September 2, 2025



As the approval of the Dogecoin ETF approaches and both NFT sales and on-chain activity continue to rise, the cryptocurrency market is moving toward a new inflection point. Leveraging its innovative cloud mining model, WinnerMining has launched yield contracts for DOGE, XRP, and BTC, offering institutional and individual investors a compliant and scalable entry point into the digital asset economy.

The cryptocurrency market is entering a new critical phase. With the approval deadline for the Dogecoin (DOGE) ETF approaching and demand for NFT transactions and stablecoins surging, many significant digital assets are expected to enter a new historic rally.

According to WinnerMining’s market analysis:

“Dogecoin is projected to surge by 30%; Bitcoin’s current market cap decline signals an imminent rebound, with a conservative estimate of 13% growth; and XRP’s momentum, fueled by participation from major Asian economies, could drive a sharp rally with the potential to break past historical highs.”

Against this backdrop, WinnerMining has launched a new series of cloud mining yield contracts, covering leading assets such as XRP, DOGE, BTC, and ETH. Unlike ETFs, which provide only price exposure, WinnerMining’s cloud mining model enables users to participate directly in the cryptocurrency production economy, securing daily returns through hashrate contracts.

What is the core of WinnerMining’s cloud mining?

Hashrate Contract Model:

  • Users do not need to purchase mining machines or build data centers — they simply purchase hashrate contracts on the platform.
  • The system automatically allocates hashrate to global mining pools, with settlement of rewards for Bitcoin, XRP, or DOGE.
  • Hashrate allocation is powered by WinnerMining’s proprietary hashrate splitting and scheduling technology, with a minimum allocation starting at 53 TH/s, ensuring both flexibility and precision.
  • This model converts traditional capital expenditures (CapEx) into operating expenditures (OpEx), significantly lowering the barrier to entry into the mining economy.

WinnerMining’s yield contracts cover short, medium, and long-term options. For more contracts, please check out this page.

“At this critical moment, with ETFs and NFTs driving the market upward, WinnerMining offers investors not just the opportunity to benefit from price appreciation, but also a direct channel to generate production-based returns and achieve stable income.” — The WinnerMining Team

Security and compliance as WinnerMining’s core strengths:

  1. Separation of cold and hot wallets to ensure the safety of user assets.
  2. SSL-encrypted transmissions and global risk monitoring to defend against cyberattacks.
  3. 100% green energy-powered operations, guaranteeing consistent hashrate uptime and stable contract execution.
  4. Strategic partnership with Bitmain, securing a stable and reliable hashrate supply.
  5. Registered in the United Kingdom and recognized by regulatory bodies across Europe and North America.
  6. Active cooperation with U.S. and Asian crypto policy frameworks, ensuring the business avoids “gray areas.”
  7. Plans for expanded compliance audits and transparency disclosures to meet the requirements of institutional investors.

Conclusion

As the crypto market enters a new cycle, the combination of ETF capital inflows, the NFT ecosystem boom, and cloud mining’s production-based returns is reshaping the landscape of digital asset investment. As a leading cloud mining platform, WinnerMining not only opens the gateway for investors to participate in the Bitcoin, XRP, and DOGE production economy but is also becoming a key component of global crypto investment portfolios.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.



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Venus Protocol User Drained Of $27M In Phishing Scam
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Venus Protocol User Drained of $27M in Phishing Scam

by admin September 2, 2025



A BNB Chain-based Venus Protocol user has been drained of about $27 million in a phishing attack, according to on-chain data.

BSC transaction records show that a major account on the platform (0x56…2008) was likely compromised. Security firm PeckShield reported that the user appeared to approve a malicious transaction, giving the attacker control. 

Funds were then moved to the attacker’s wallet (0x7fd8…202a), which still shows holdings worth more than $27.1 million.

Most of the stolen funds are in Venus USDT (VUSDT), with over 769 million tokens valued around $19.8 million. Another 276 million Venus USDC (VUSDC), worth about $7.1 million, was also drained. Smaller amounts of Binance-Peg ETH, XRP, and BTCB were included.

PeckShield stressed that this was not a direct exploit of Venus Protocol itself, but rather a wallet-level compromise through phishing. Once approvals are granted, attackers can transfer tokens without further consent, leaving victims little recourse.

Separate Bunni Exploit Costs $2.3M

On the same day, decentralized trading platform Bunni suffered a separate breach worth about $2.3 million.

Blockchain security firm BlockSec flagged the incident, pointing to flaws in Bunni’s Ethereum-based smart contracts. The stolen funds were traced to wallet 0xE04…64f2b, which currently holds roughly $1.33 million in USDC and $1.04 million in USDT. The exact attack method has not yet been disclosed.

Both the Venus phishing scam and the Bunni exploit highlight the biggest dangers in DeFi users falling for scams and loopholes in smart contracts. With more money flowing into the space, these threats aren’t going away anytime soon. 

Note: This is a developing story. More details are anticipated.

Also Read: CertiK Flags Suspicious Activity in OLAXBT’s AIO Tokens



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100% XRP Explosion: Biggest 24-Hour Spike in 2025
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100% XRP Explosion: Biggest 24-Hour Spike in 2025

by admin September 2, 2025


  • Network activity wave
  • What drives XRP wave?

A huge spike in payment volume, the largest 24-hour spike in 2025, has just occurred on XRP, making it one of the year’s most dramatic on-chain events. Data indicates that on Sept. 1, more than 2.15 billion XRP worth of payments were moved between accounts, more than doubling the average daily volumes observed in August.

Network activity wave

A sharp reaction in the price of XRP coincides with this abrupt increase in network activity, suggesting that the asset may be about to enter a new volatile phase. XRP recently broke out of a symmetrical triangle pattern on the chart, dipping momentarily to test the 100-day EMA at $2.70. But it appears that the spike in payment volumes prompted buyers to intervene, driving the token back above $2.80.

Source: XRPScan

For the time being, this rebound stops further decline, but whether it turns into a complete reversal depends on how persistent the on-chain demand turns out to be. It is important to highlight the spike’s size. XRP’s payment activity in 2025 has been comparatively consistent thus far, hardly ever surpassing the 1 billion daily threshold.

What drives XRP wave?

The sharp increase to over $2 billion points to either significant institutional transfers movement associated with exchanges or an increase in actual settlement flows. Regardless of where it came from, it shows that XRP’s value as a payment token has grown again, which the project has long emphasized as a key principle.

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Key levels for XRP in the future are $2.95 and $3.10. When these zones are cleared, a bullish reversal is confirmed and momentum may be rekindled toward $3.30 and higher. Conversely, if $2.70 is not maintained, the 200-day EMA $2.50 will once again be relevant.

The market is reacting to this, which is the biggest utility-driven spike of 2025. If maintained, it might signal the beginning of a new stage of XRP growth driven by actual network adoption rather than just speculation.



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Nasdaq-Listed Crypto Exchange Group Coincheck Buys Regulated Prime Broker Aplo

by admin September 2, 2025



Japanese cryptocurrency exchange Coincheck, whose Netherlands-based holding company listed the trading platform on the Nasdaq last year (CNCK), has acquired Aplo, a digital asset prime brokerage firm regulated in France by the Autorité des Marchés Financiers (AMF).

The acquisition will help Coincheck, a popular exchange in Japan, expand into Europe, the companies said on Tuesday. The financial terms of the deal were not revealed.

Coincheck was established in Tokyo, Japan, in 2014, having rebranded from an earlier bitcoin wallet and payment company called ResuPress, founded in 2012 by Koichiro Wada and Yusuke Otsuka.

Coincheck Group N.V., which is headquartered in the Netherlands, listed on the Nasdaq late last year via a merger with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV (THCP).

As part of the acquisition, all issued and outstanding shares of Aplo will be exchanged for newly issued ordinary shares of Coincheck Group, a transaction expected to close in October 2025, according to a press release.

“Aplo brings us proven technology, expertise recognized by institutional clients in Europe, and a high performance team with an entrepreneurial culture,” said Gary Simanson, CEO of Coincheck Group in a statement.

In addition to being registered under the AMF in France as a Digital Asset Service Provider. Aplo is in the process of obtaining a full crypto asset service provider license under the European Union’s Market in Crypto Assets Regulation (MiCA).



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Wall Street Sentiment Flashes Euphoria as Crypto Stalls

by admin September 2, 2025



In brief

  • BofA’s risk-love indicator hit 1.4, its highest in 13 months, signaling bullish extremes.
  • Bitcoin and Ethereum remain flat over the past week despite recent equity gains.
  • September seasonality and jobs data are keeping traders cautious.

U.S. stocks are flashing signs of euphoria, contrasting with a muted crypto market as traders look to divine clues on what’s next.

The Bank of America’s Global Equity Risk-Love indicator, which provides a gauge of investor sentiment, suggests that investor positioning, volatility, and technicals in the stock market are becoming dangerously bullish. 

“BofA’s Global Equity Risk-Love indicator jumped to 1.4, its highest in 13 months,” The Kobeissi Letter wrote in a tweet on Monday. “This metric has surged from panic levels to euphoria in just 4 months. Since 1987, sentiment has only been higher 7% of the time.”



Since April, both the U.S. stock market and crypto have experienced rapid growth, buoyed by dovish economic data and ETF flows.

Two of crypto’s largest coins by market capitalization have remained flat over the last seven days, clocking in less than a percent for Bitcoin and a negative 0.4% return for Ethereum, CoinGecko data shows.

If investor sentiment tips into excess, a risk-off turn could spark a pullback in equities that would likely spill into digital assets, deepening Bitcoin’s recent slide. 

The question is whether the optimism has truly reached that point.

The bank acknowledged in its August report that the recent surge in the S&P 500 index and meme stocks “has been enough to raise some eyebrows.” 

Still, it clarified that despite this “disconnect between investor enthusiasm and fundamentals, it is not a risk that we’re overly concerned about for now.”

Individual investors are taking a cautious stance, according to a recent sentiment survey from the American Association of Individual Investors. 

The survey showed that only 15.5% of respondents remained bullish, indicating “euphoria” is missing among retail and short-term traders.

Crypto’s Fear and Greed Index also shows a similar outlook, with “fear” being the dominant narrative. 

The crypto market outlook remains skewed in favor of bears in the short term due to September’s seasonality, which has yielded an average return of 3.34% over the past 12 years, Decrypt previously reported.

The September 5 jobs data release may allow investors to position themselves ahead of the September 17 rate cut decision, but for now, traders are taking a defensive stance.

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Revolut launches secondary stock sale at $75B valuation
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Revolut launches secondary stock sale at $75B valuation

by admin September 2, 2025



Revolut has begun a secondary share sale valuing the fintech at $75 billion, allowing employees to sell up to 20% of their holdings in one of Europe’s largest private tech transactions to date. 

Summary

  • Revolut has launched a $75B secondary sale, letting employees sell 20% of their shares.
  • The company nearly doubled revenue and profit in 2024, fueling strong investor demand.
  • Expansion into U.S. banking and crypto products strengthens its global growth path.

The deal, reported on Sept. 1 by Reuters, prices shares at $1,381 each and comes just a year after a $45 billion secondary sale led by Coatue, D1 Capital Partners, and Tiger Global.

The $75 billion figure underlines Revolut’s rapid ascent. The company reported $4 billion in revenue in 2024, almost twice as much as the previous year, and a $1 billion profit. With over 50 million users globally, it has developed a diverse business strategy that combines stock trading, payments, and a growing crypto arm.

Revolut’s valuation under scrutiny

The valuation leap also follows investor pressure for earlier sales at $60 billion and $65 billion this year, which the company rejected. Criticism has trailed Revolut’s expansion, with some investors warning that its private valuation exceeds comparable public fintechs.

Secondary markets like Forge still price Revolut shares below $1,000, yet the official tender sets a higher benchmark. For employees, the sale offers liquidity ahead of a potential 2026 IPO, expected to be in New York rather than London.

Revolut’s expansion and crypto push

The sale coincides with major growth moves. While continuing its global rollouts of services like Revolut X, a specialized cryptocurrency exchange app that was introduced earlier this year, Revolut is also working to obtain a U.S. bank charter, which would enable it to lend money across the country.

The company is testing a fiat-pegged stablecoin in Latin America and has developed advanced fraud-protection tools for cryptocurrency payments.

Together, these developments position Revolut as Europe’s most valuable private tech firm, outpacing rivals like Stripe in valuation momentum and cementing its role at the intersection of digital banking and crypto finance.



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El Salvador To Host First Government-Backed Bitcoin Conference
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El Salvador to Host First Government-Backed Bitcoin Conference

by admin September 2, 2025



El Salvador is preparing to host the world’s first government-sponsored Bitcoin conference on November 12–13, 2025, in San Salvador’s historic center. The two-day event, named Bitcoin Histórico, will be staged by the National Bitcoin Office and is being described as a milestone for digital currencies.

The announcement has captured global attention, reinforcing El Salvador’s role as a Bitcoin pioneer. The country made history in 2021 by adopting Bitcoin (BTC) as legal tender. Now, it aims to showcase Bitcoin’s role in financial freedom, culture, and sovereignty through this global event.

This isn’t just a conference. This is a testament to an extraordinary moment in history.

We are proud to announce BITCOIN HISTÓRICO: a global summit on Bitcoin, transformation, and relentless optimism for the future. We believe Bitcoin is more than an asset – it’s a tool for… pic.twitter.com/7RqIzCnRld

— The Bitcoin Office (@bitcoinofficesv) August 31, 2025

“Bitcoin Histórico celebrates financial freedom in the heart of San Salvador, itself the living example of the liberation of the people of El Salvador,” the organizers said. Tickets are already available, with early bird prices in Bitcoin only, while fiat payments will be added later in September.

The main stage will be hosted at the National Palace, with live streams on giant LED screens at Plaza Gerardo Barrios. Additional panels and workshops will be held at the National Library (BINAES) and National Theater.

Global Leaders and Speakers

Prominent names set to speak include billionaire Ricardo Salinas, author Jeff Booth, Bitcoin advocates Max Keiser and Stacy Herbert, and Lightning Network builder Jack Mallers. Other confirmed speakers are Pierre Rochard, Jimmy Song, Darin Feinstein, and Lina Seiche.

Tickets are priced at $350 for general access and $2,100 for the Genesis Crown Pass, which includes VIP seating, private networking, and exclusive merchandise.

Bukele’s Pro-Bitcoin Vision

The conference comes as President Nayib Bukele secures another term under a recent constitutional reform allowing indefinite re-election. Bukele, one of Bitcoin’s strongest global advocates, has confirmed government holdings of over 6,200 BTC. His extended leadership provides political space to expand El Salvador’s pro-Bitcoin strategy.

Bitcoin Market Shows Signs of Recovery

The announcement of Bitcoin Histórico coincides with a market rebound. Bitcoin is trading above $110,293, recovering after a sharp 6% drop last week. Institutional demand remains strong, as Japan’s Metaplanet added 1,009 BTC on Monday, increasing its holdings to 20,000 BTC, worth over ¥302.3 billion ($2 billion).

Meanwhile, US spot Bitcoin ETFs had received $440 million in weekly flows. The traders are speculating on a Federal Reserve rate cut in the month, and the CME FedWatch tool indicates an 87.6% chance of the Fed cutting the rate by 25 bps. A reduction in the rate will weaken the dollar and further increase Bitcoin’s value.

With Bitcoin Histórico, El Salvador aims to showcase not just a conference, but a turning point in financial history that other nations may one day follow.

Also Read: Andrew Tate Claims Bitcoin at $1M Will Save the Dollar





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Hex Trust CEO Sees Both Promise and Peril in Bitcoin Treasury Firms

by admin September 2, 2025



Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

Digital Asset Treasury (DATs) companies – firms that put bitcoin on the balance sheet – were the talk of the town during BTC Asia in Hong Kong.

But corporate adoption of Bitcoin can be a double-edged sword, says Alessio Quaglini, CEO and Co-Founder of crypto custodian Hex Trust. While treasury holdings put crypto on the balance sheets of public companies, he warns that leveraged strategies could turn adoption into a source of instability.

“It’s great for the adoption. It’s great because you have basically indirect bitcoin access to billions of people investing in local stock exchanges and Nasdaq,” Quaglini told CoinDesk during a recent interview on the sidelines of BTC Asia in Hong Kong.

But he drew a sharp line between healthy diversification and financial engineering.

“If this listing company exists for the sole purpose of holding crypto, well then, it’s a hedge fund that is publicly traded. It’s a financial engineering kind of exercise,” he continued.

Quaglini, like many others in the industry, is concerned about excessive levels of leverage. A recent report from Galaxy illustrates the risk, showing loan volumes at their highest since 2022 alongside a $1 billion liquidation wave, while Korean regulators have already stepped in to freeze new lending products as they grow concerned about leverage straining markets.

“If these companies deploy leverage, and they issue debt to buy Bitcoin with strong triggers, then it’s a big issue,” Quaglini said. In public markets, debt covenants are transparent, meaning traders can anticipate forced selling. “You might be in the situation of the prisoner dilemma… You can have this kind of spiral effect that brings more volatility to the industry.”

Even so, Quaglini sees today’s treasury players as a first step.

“The next step is that you have real companies that do have a lot of operating cash flow, and they’re sitting on huge amounts of cash, like Apple, Google, etc.,” he said. If those firms start allocating reserves into BTC, the shift would be “extremely positive.”

In the end, the real test of the viability of DATs isn’t whether small firms turn themselves into bitcoin proxies, but whether the world’s largest corporates are willing to put their cash piles on-chain.

Market Movement

BTC: Bitcoin is in the green changing hands above $109K. The world’s largest digital asset is stabilizing after August saw a rare rotation out of BTC spot ETFs into ETH funds, which has weighed on relative BTC demand in recent weeks. Broader macro remains supportive but price action is still consolidating beneath mid‑August highs

ETH: Ether is trading at $4,298. Market participants are easing on profit‑taking after notching record levels late last month and bumping into resistance near the high‑$4,000s. The August ETF flow trend favored ETH, but near‑term consolidation dominates after the run‑up

Gold: Gold is holding near a four‑month high on mounting bets for a September Fed rate cut and a softer U.S. dollar, both of which typically support bullion

Nikkei 225: Asia-Pacific markets mostly rose as investors weighed tariff uncertainty and the Shanghai Cooperation Organization summit, with Japan’s Nikkei 225 up 0.31% after a U.S. court ruled most of Trump’s global tariffs illegal.

Elsewhere in Crypto:

  • Gavin Newsom Wants to Launch a Meme Coin Just to Troll Trump (Decrypt)
  • South Korea’s FSC chief nominee faces backlash after calling crypto valueless (The Block)
  • Trump Family Share of World Liberty Crypto Grows to $6 Billion (Decrypt)



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Korean Traders Favor Crypto Stocks, Dump $657M In Tesla

by admin September 2, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

South Korean retail traders have continued to favor crypto-related stocks instead of high-profile US tech firms amid growing disappointment with companies like Tesla and the global push for digital assets.

Tesla Loses Ground, Bitmine Gains Momentum

On Monday, Bloomberg reported that Tesla stock has lost ground among South Korea’s retail investors, who ramped up their selling during August in favor of crypto-related equities.

According to the report, the electric carmaker company has seen a $1.8 billion exodus over the past four months, suggesting weakening enthusiasm among one of Tesla’s most loyal global retail investor bases.

A 33-year-old retail trader told the news media outlet that the company has been unable “to win people’s hearts” as it has “failed to lead with its own AI narrative.” The investor, who first bought the stock in 2019, sold out earlier this year to focus on equities that currently have more upside.

Bloomberg calculations of depository data revealed that while the company remains the top foreign stock among South Korean retail traders, individual investors sold approximately $657 million of Tesla stock in August, recording the company’s largest outflows since 2019.

In contrast, retail traders in South Korea favored more volatile bets in August, like crypto-related stocks. During this period, investors poured $253 million into Bitmine Immersion Technologies Inc., which is seen as a proxy for Ethereum (ETH).

As reported by Bitcoinist, South Korean investors purchased $259 million worth of Bitmine stock in July, Bloomberg previously highlighted. According to Korea Securities Depository data, this made the company the most purchased foreign security stock.

Korean Investors Pour Millions Into Crypto Stocks

Data from the Korean Center for International Finance (KCIF) showed 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% in July.

Citing a report from 10x Research, The Korea Times highlighted that individuals have purchased over $12 billion worth of crypto-related stock in 2025, with Bitmine, Circle Internet Group, and Coinbase leading the sector.

Retail investors’ buying spree reportedly intensified last month, as traders poured $426 million into Bitmine, $226 million into Circle, and $183 million into Coinbase. This marks a shift from the leading trend over the past few years, when Korean retail investors poured into US tech giants.

“Korean investors are pouring billions into crypto stocks, reshaping global flows in ways Wall Street can no longer ignore,” the report affirms. Adding that “the push has been amplified by U.S. and Korean stablecoin legislation, creating a powerful backdrop for this surge in capital.”

Amid the global push for digital assets regulation, the institutionalization of won-pegged stablecoins gained significant attention, with President Lee Jae-myung vowing to address it alongside the status of crypto-based exchange-traded funds (ETFs) during his electoral campaign.

Since then, multiple bills related to the issuance and distribution of KRW-pegged stablecoins have been introduced in South Korea’s National Assembly. Nonetheless, the industry has expressed concerns about the disconnect between the industry and South Korean regulators.

On September 1, the nominee for Financial Services Commission (FSC) Chairman Lee Won-eun stated that digital assets “differ from traditional financial products like deposits and securities in that they lack intrinsic value.”

In his written response to the National Assembly’s Political Affairs Committee, Lee also expressed a negative stance on specific policies related to cryptocurrencies, including whether to allow investment in virtual assets through pension and retirement accounts. This raised concerns among multiple industry players that a one-sided regulatory policy may continue.

Ethereum (ETH) trades $4,366 in the one-week chart. Source: ETHUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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