Korean Stock Market Crashes, Are Koreans Rushing into Crypto Again? This Project Team Got Slammed...

比推Pubblicato 2026-03-05Pubblicato ultima volta 2026-03-05

Introduzione

Amid a significant downturn in the South Korean stock market, there is growing discussion about Korean retail investors shifting heavily into cryptocurrency as an alternative. Observers note that Koreans have a strong cultural tendency toward leverage and speculative investment, which may be driving renewed interest in crypto assets like Bitcoin, seen as a potential safe haven during economic instability. Bitcoin’s price recovery and increased institutional buying are also highlighted, with price targets such as $87,000 and even $100,000 being discussed. Some attribute Bitcoin’s strength to its perceived reliability during times of geopolitical tension. Additionally, former U.S. President Donald Trump is mentioned as pushing for clearer cryptocurrency regulation, which could bring more certainty to the market—though some express skepticism about his motives. The article also covers controversy around the project "Opinion" on the BSC chain, which has drawn criticism for its handling of user rewards and airdrops, leading to broader discussions about the sustainability of airdrop models and the need for genuine user engagement rather than speculative farming. The content is compiled from social media platforms and does not constitute investment advice.

Hello dear readers~

What were the crypto KOLs talking about in the past 24 hours?

Note: The following content is compiled from the X platform and represents personal opinions. It does not represent the stance of this platform and certainly does not constitute investment advice.

Koreans' Love for Leverage is in Their DNA

Popular Replies:

Koreans' love for leverage is in their DNA. The stock market crashes, the crypto market picks up the slack.

Addicted to gambling. Koreans' speculative nature is number one in Asia.

South Korea's household debt level has always been high. The impact of the past few major deleveraging operations has been very significant.

This wave of Korean Won depreciation + stock market爆仓 (liquidation), BTC's safe-haven属性 (attribute) has been verified again, Koreans are rushing in.

Koreans should already be on their way, Upbit trading volume is about to explode, right?

FOMO indiscriminately, classic Korean retail investor style.

BTC Price Rebounds, Institutions Buying

Popular Replies:

71000—78000—87000, these are all key points if it rallies.

First break 73500, if that happens, next is 83300.

Money in, people in, target $100k,绝对不提前下车 (absolutely not getting off early this time)!

War has made people understand that Bitcoin is reliable.

Trump Personally Pushing Crypto Bill!


Popular Replies:

If a clear bill isn't pushed forward, the market might徘徊 (linger) for a long time again. The crypto industry is actually welcoming the most friendly president now. If it's not pushed during Trump's term, there's a high probability of getting beaten up again later.

Feels like Trump's tweet means the talks broke down, seems like a negative?

不会是缺军费,再来收割一波把? (Could it be lacking military funds, coming to harvest another wave?)

Opinion Controversy

Popular Replies:

Opinion ruined the prediction track on BSC, who dares to touch BNB Chain prediction projects in the future;

Learn from River, they compensated for二级 (secondary market) losses, Opinion directly反撸 (screwed people over);

I actually think there's no need to骂 (curse) the investment institutions:

  1. These were all the project's decisions

  2. Couldn't get on bn without前期数据 (early data)

  3. Tokens given out were basically picked up by the secondary market, no one is picking them up now

  4. The logic of airdrops has changed, those bringing data without real cash flow will be淘汰 (eliminated), and no one will use them either

  5. The farming era has ended, what's next is real payment for tokens


Twitter:https://twitter.com/BitpushNewsCN

Bitpush TG Discussion Group:https://t.me/BitPushCommunity

Bitpush TG Subscription: https://t.me/bitpush

Original article link:https://www.bitpush.news/articles/7616877

Domande pertinenti

QWhat is the main reason discussed in the article for Koreans turning to the cryptocurrency market?

AThe article suggests that Koreans are turning to the cryptocurrency market as a safe haven after the Korean stock market crash, leveraging their inherent tendency for high-risk investments and speculation.

QHow did the community react to the Opinion project mentioned in the article?

AThe community criticized the Opinion project for mismanaging the BSC prediction track, accusing it of exploiting users without compensation, unlike other projects that offered reimbursements for losses.

QWhat role is former President Trump playing in the cryptocurrency space according to the article?

AThe article states that former President Trump is personally advancing cryptocurrency legislation, which is seen as a positive development for the industry, though some speculate it might be a tactic to raise funds.

QWhat are the key Bitcoin price levels mentioned by traders in the article?

ATraders identified key Bitcoin price levels at $71,000, $78,000, and $87,000, with $73,500 and $83,300 being critical resistance points to watch for further gains.

QWhat is the article's perspective on the changing dynamics of airdrops and token distribution?

AThe article notes that the era of meaningless airdrops is ending, and future token distributions will require genuine user engagement and financial contributions, rather than just data farming.

Letture associate

North Korean Hackers Loot $500 Million in a Single Month, Becoming the Top Threat to Crypto Security

North Korean hackers, particularly the notorious Lazarus Group and its subgroup TraderTraitor, have stolen over $500 million from cryptocurrency DeFi platforms in less than three weeks, bringing their total theft for the year to over $700 million. Recent major attacks on Drift Protocol and KelpDAO, resulting in losses of approximately $286 million and $290 million respectively, highlight a strategic shift: instead of targeting core smart contracts, attackers are now exploiting vulnerabilities in peripheral infrastructure. For instance, the KelpDAO attack involved compromising downstream RPC infrastructure used by LayerZero's decentralized validation network (DVN), allowing manipulation without breaching core cryptography. This sophisticated approach mirrors advanced corporate cyber-espionage. Additionally, North Korea has systematically infiltrated the global crypto workforce, with an estimated 100 operatives using fake identities to gain employment at blockchain companies, enabling long-term access to sensitive systems and facilitating large-scale thefts. According to Chainalysis, North Korean-linked hackers stole a record $2 billion in 2025, accounting for 60% of all global crypto theft that year. Their total historical crypto theft has reached $6.75 billion. Post-theft, they employ specialized money laundering methods, heavily relying on Chinese OTC brokers and cross-chain mixing services rather than standard decentralized exchanges. Security experts, while acknowledging the increased sophistication, emphasize that many attacks still exploit fundamental weaknesses like poor access controls and centralized operational risks. Strengthening private key management, limiting privileged access, and enhancing coordination among exchanges, analysts, and law enforcement immediately after an attack are critical to improving defense and fund recovery chances. The industry's challenge now extends beyond secure smart contracts to safeguarding operational security at the infrastructure level.

marsbit33 min fa

North Korean Hackers Loot $500 Million in a Single Month, Becoming the Top Threat to Crypto Security

marsbit33 min fa

Circle CEO's Seoul Visit: No Korean Won Stablecoin Issuance, But Met All Major Korean Banks

Circle CEO Jeremy Allaire's recent activities in Seoul indicate a strategic shift for the company, moving away from issuing a Korean won-backed stablecoin and instead focusing on embedding itself as a key infrastructure provider within Korea’s financial and crypto ecosystem. Despite Korea accounting for nearly 30% of global crypto trading volume—with a market characterized by high retail participation and altcoin dominance—Circle has chosen not to compete for the role of stablecoin issuer. Instead, Allaire met with major Korean banks (including Shinhan, KB, and Woori), financial groups, leading exchanges (Upbit, Bithumb, Coinone), and tech firms like Kakao. This approach reflects a broader industry transition: the core of stablecoin competition is shifting from issuance rights to systemic positioning. With Korean regulators still debating whether banks or tech companies should issue stablecoins, Circle is avoiding regulatory uncertainty by strengthening its role as a service and technology partner. The company is deepening integration with trading platforms, building connections, and promoting stablecoin infrastructure. This positions Circle to benefit regardless of which entity eventually issues a won stablecoin. Allaire also noted the potential for a Chinese yuan stablecoin in the next 3–5 years, underscoring a regional trend of stablecoins becoming more regulated and integrated with traditional finance. Ultimately, Circle’s strategy highlights that future influence in the stablecoin market will belong not necessarily to the issuers, but to the foundational infrastructure layers that enable cross-system transactions.

marsbit1 h fa

Circle CEO's Seoul Visit: No Korean Won Stablecoin Issuance, But Met All Major Korean Banks

marsbit1 h fa

SpaceX Ties Up with Cursor: A High-Stakes AI Gambit of 'Lock First, Acquire Later'

SpaceX has secured an option to acquire AI programming company Cursor for $60 billion, with an alternative clause requiring a $10 billion collaboration fee if the acquisition does not proceed. This structure is not merely a potential acquisition but a strategic move to control core access points in the AI era. The deal is designed as a flexible, dual-path arrangement, allowing SpaceX to either fully acquire Cursor or maintain a binding partnership through high-cost collaboration. This "option-style" approach minimizes immediate regulatory and integration risks while ensuring long-term alignment between the two companies. At its core, the transaction exchanges critical AI-era resources: SpaceX provides its Colossus supercomputing cluster—one of the world’s most powerful AI training infrastructures—while Cursor contributes its AI-native developer environment and strong product adoption. This synergy connects compute power, models, and application layers, forming a closed-loop AI capability stack. Cursor, founded in 2022, has achieved rapid growth with over $1 billion in annual revenue and widespread enterprise adoption. Its value lies in transforming software development through AI agents capable of coding, debugging, and system design—positioning it as a gateway to future software production. For SpaceX, this move is part of a broader strategy to evolve from a aerospace company into an AI infrastructure empire, integrating xAI, supercomputing, and chip manufacturing. Controlling Cursor fills a gap in its developer tooling layer, strengthening its AI narrative ahead of a potential IPO. The deal reflects a shift in AI competition from model superiority to ecosystem and entry-point control. With programming tools as a key battleground, securing developer loyalty becomes crucial for dominating the software production landscape. Risks include questions around Cursor’s valuation, technical integration challenges, and potential regulatory scrutiny. Nevertheless, the deal underscores a strategic bet: controlling both compute and software development access may redefine power dynamics in the AI-driven future.

marsbit1 h fa

SpaceX Ties Up with Cursor: A High-Stakes AI Gambit of 'Lock First, Acquire Later'

marsbit1 h fa

Trading

Spot
Futures
活动图片