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


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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

In Jinjiang, Fujian, a Storage Super Unicorn Lies Quiet

In Fujian's Jinjiang, a city known for sportswear, lies a quiet semiconductor giant: Fujian Jinhua Integrated Circuit Co. (JHICC). Once a promising domestic DRAM manufacturer alongside Yangtze Memory and ChangXin Memory Technologies (CXMT), its journey was derailed in 2018 when the U.S. placed it on an Entity List and filed criminal charges for alleged trade secret theft. This halted production for years. A turning point came in February 2024 when a U.S. federal court found JHICC not guilty. However, it had lost crucial time. While CXMT soared to become a top-valued A-share company in 2024, JHICC, with an estimated valuation of 80 billion RMB, was just restarting. Its current output is primarily customized DDR4 chips, not the advanced DDR5/HBM demanded for AI, but it still benefits from the broader memory chip upcycle. JHICC's story is tied to Chen Zhengkun, a veteran engineer who left Micron to lead the venture. Founded in 2016 with state-backed funding, JHICC partnered with Taiwan's UMC to develop DRAM technology. Rapid progress was cut short by the U.S. actions, which Micron initiated, partly due to its heavy reliance on the Chinese market. Post-sanctions, Chen's team worked to rebuild the production line with reduced reliance on U.S. technology. According to its records, JHICC achieved small-scale production and revenue growth under immense pressure. It now focuses on the stable "niche" DRAM market (e.g., TVs, routers) with a monthly capacity of ~40,000 wafers, aiming for 60,000 by 2026. It holds over 1,000 patents but remains on the Entity List. For Jinjiang, investing in JHICC was a bold industrial leap. The local government provided unwavering financial and logistical support during the crisis, helping the company survive. JHICC has become the anchor for a growing local semiconductor cluster. Though its scale lags behind domestic peers, JHICC's persistence symbolizes a hard-won foothold in a global market long dominated by Samsung, SK Hynix, and Micron. Having missed one boom, it seeks a place in the new AI-driven memory supercycle.

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In Jinjiang, Fujian, a Storage Super Unicorn Lies Quiet

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Must-Watch Events Next Week|CLARITY Act Could Face Senate Vote; SpaceX, Circle to Report Earnings (8.3-8.9)

**Summary: Key Events and Developments to Watch (August 3-9)** The upcoming week is marked by significant financial disclosures, key legislative deadlines, and notable product updates. **Major Financial Events:** Several companies are scheduled to release their Q2 2026 earnings. American Bitcoin (ABTC) will report on August 3, followed by SpaceX and Hut 8 Mining Corp. on August 4, and Circle on August 5. Notably, a significant portion of SpaceX shares (up to 12% of total shares) will be unlocked on August 6 following their earnings release. **Key Legislative Deadline:** The U.S. Senate faces an August 7 deadline to secure 60 votes for the CLARITY Act, a bipartisan bill aiming to establish a federal regulatory framework for cryptocurrencies. The Senate may hold a full vote on the bill during the week. **Economic Data:** The U.S. July Non-Farm Payrolls report will be released on August 7, providing crucial labor market data. **Technology & Product Updates:** * **Shutdowns:** DeFi portfolio tracker Zapper and wallet app Ctrl Wallet will cease operations on August 3. * **Upgrades:** LayerZero will deprecate its v1 relayers on August 3. XRP Ledger's new version 3.3.0, featuring five new functions, is expected next week. * **AI:** Elon Musk announced that the advanced Grok 4.6 AI model is set for release around August 7. * **Bitcoin:** The BIP-110 forced signaling for a potential Bitcoin network change is scheduled to begin around August 8. **Other Notable Events:** Chinese robotics firm Unitree Tech has set its preliminary price inquiry for its IPO for August 5. South Korean exchange Upbit will delist AQT and AERGO tokens on August 3.

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Must-Watch Events Next Week|CLARITY Act Could Face Senate Vote; SpaceX, Circle to Report Earnings (8.3-8.9)

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