push – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sun, 14 Sep 2025 05:24:18 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 push – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 RI Mining Unveils Next-Gen Contracts Aligned With Microsoft AI Push to Reshape Digital Infrastructure https://earlybirdsinvest.com/ri-mining-unveils-next-gen-contracts-aligned-with-microsoft-ai-push-to-reshape-digital-infrastructure/ https://earlybirdsinvest.com/ri-mining-unveils-next-gen-contracts-aligned-with-microsoft-ai-push-to-reshape-digital-infrastructure/#respond Sun, 14 Sep 2025 05:24:18 +0000 https://earlybirdsinvest.com/ri-mining-unveils-next-gen-contracts-aligned-with-microsoft-ai-push-to-reshape-digital-infrastructure/

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Microsoft’s recent $17.4 billion investment in artificial intelligence infrastructure has captured global attention and underscored how demand for high-performance computing is reshaping the digital economy. While Bitcoin consolidates near record levels, institutional investors are shifting focus toward platforms that combine ​AI-driven efficiency with sustainable blockchain mining​.

In this context, ​RI Mining​, a UK-registered cloud mining company operating across more than 190 countries, today announced the launch of its ​next-generation mining contracts​. The new model integrates ​AI-optimized hashrate scheduling and renewable energy infrastructure​, enabling users to secure daily digital income with greater consistency and transparency.

RI Mining Cloud Mining: AI and Blockchain Convergence

Analysts note that both AI and crypto mining now compete for the same energy-intensive infrastructure, while also driving each other’s growth. Microsoft’s bold bet on AI highlights the need for scalable, efficient computing resources—a shift that aligns with RI Mining’s platform upgrades.

“Artificial intelligence is transforming global infrastructure,” said ​Robert Chen​, spokesperson for RI Mining. “Our next-gen contracts are built to reflect this reality. By combining automation, compliance, and renewable energy, we give users—from Bitcoin and Ethereum investors to XRP and Dogecoin holders—an accessible path to stable returns without hardware or technical barriers”.

Highlights of RI Mining New Contract

  • AI Smart Scheduling​: Contracts use automated algorithms to reallocate hashrate when network difficulty or energy costs shift, ensuring more stable output.
  • Real-Time Settlement Engine​: Income is distributed every 24 hours, with a verified ledger that users can audit directly in their dashboards.
  • Flexible Contract Design​: Options range from short-term “experience” plans to longer strategic packages, allowing both beginners and advanced users to tailor participation.
  • Integrated Risk Controls​: Multi-layer wallet isolation and transparent on-chain reporting help protect user funds while enhancing trust.
  • Cross-Asset Coverage​: Contracts extend beyond Bitcoin to include Ethereum, Dogecoin, XRP, and USDT, giving users diversified exposure in a single platform.

How to Join RI Mining

  1. Sign Up — It only takes seconds, just an email address, and you’ll get $15.
  2. Deposit — Add funds in BTC, ETH, SOL, DOGE, XRP, or USDT.
  3. Choose a Contract — Select from short trials or long-term AI-optimized plans.
  4. Start Mining — Earnings are settled daily and shown in your dashboard.
  5. Withdraw or Reinvest — Transfer profits to your wallet or compound returns.

About RI Mining

Founded in 2014 and headquartered in London, RI Mining has grown from a niche company specializing in mining services to one of the most recognizable brands in digital infrastructure. The platform operates a distributed network of data centers across Europe, North America, and Asia, all powered by renewable energy to reduce operating costs and meet increasingly stringent ESG standards.

RI Mining’s new AI-powered contracts are designed to be easily accessible—requiring no hardware or technical barriers—and offer automatic daily settlement.

Looking forward, RI Mining plans to expand its presence in emerging markets and deepen the application of its AI-driven optimization, positioning itself at the intersection of sustainable energy and blockchain innovation. The company’s long-term goal is to provide everyday investors and institutions with a reliable framework for transforming digital assets into a stable source of passive income.

Visit the website for more information or download the mobile app.


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BlackRock Weighs Tokenized ETFs on Blockchain in Push Beyond Treasuries: Report https://earlybirdsinvest.com/blackrock-weighs-tokenized-etfs-on-blockchain-in-push-beyond-treasuries-report/ https://earlybirdsinvest.com/blackrock-weighs-tokenized-etfs-on-blockchain-in-push-beyond-treasuries-report/#respond Thu, 11 Sep 2025 20:49:35 +0000 https://earlybirdsinvest.com/blackrock-weighs-tokenized-etfs-on-blockchain-in-push-beyond-treasuries-report/

BlackRock is exploring how to bring exchange-traded funds (ETFs) onto public blockchains, people familiar with the matter told Bloomberg. The sources said the asset manager is weighing tokenizing funds tied to real-world assets such as stocks, though any rollout would depend on regulatory approval.

The discussions follow BlackRock’s first experiment with tokenization last year. The firm introduced the BlackRock USD Institutional Digital Liquidity Fund, also known as BUIDL. The fund, which is backed by short-term U.S. Treasuries, repurchase agreements and cash, has quickly grown into the world’s largest tokenized Treasury product, managing nearly $2.2 billion.

Tokenizing ETFs would represent a deeper step into blockchain-based financial products. In practice, it would mean that shares of the funds — traditionally traded on stock exchanges during market hours — could be issued and transacted as tokens on chain.

Proponents argue this shift could bring clear benefits. A tokenized ETF could be traded around the clock, rather than only during exchange hours. Settlement, which often takes two business days in traditional finance, could be completed within minutes. Investors in markets where ETFs are not easily accessible might gain exposure through blockchain rails.

The products are pending a green light from regulators, the people said. BlackRock’s exploration underscores a wider trend across finance, as banks, fintechs and asset managers test blockchain rails for bonds, private credit and now mainstream equity funds.

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Coinbase, OKX push crypto into Australia’s retirement system https://earlybirdsinvest.com/coinbase-okx-push-crypto-into-australias-retirement-system/ https://earlybirdsinvest.com/coinbase-okx-push-crypto-into-australias-retirement-system/#respond Mon, 01 Sep 2025 21:49:57 +0000 https://earlybirdsinvest.com/coinbase-okx-push-crypto-into-australias-retirement-system/

Two of the largest centralized cryptocurrency exchanges, Coinbase and OKX, are introducing services for self-managed superannuation funds (SMSFs ) in Australia, giving individuals new ways to add cryptocurrency to the country’s retirement savings system.

While Australians have been able to hold digital assets in SMSFs for several years, Coinbase and OKX are now packaging that access into dedicated products, Bloomberg reported on Monday.

Instead of leaving investors to set up their own structures and manage custody independently, the exchanges offer services that combine referrals to accountants and law firms with integrated custody and record-keeping to meet audit requirements.

SMSFs account for about a quarter of Australia’s retirement pool and held about A$1.7 billion (US$1.1 billion) in digital assets as of March 2025, according to the Australian Tax Office. That total is up sevenfold since 2021, making SMSFs the first part of the system to show significant crypto exposure.

Coinbase told Bloomberg that more than 500 investors have joined the waiting list for its SMSF service, with most planning to allocate up to A$100,000 each in digital assets. OKX launched a similar offering in June and said demand has exceeded expectations.

The shift lowers barriers for mainstream investors and marks one of the first organized efforts by major exchanges to tap into a retirement system that ranks among the largest in the world on a per-capita basis.

Related: Bitcoin-backed mortgages debut in Australia amid housing crisis

Crypto rules for retirement plans shift in the US

Australia’s experiment with SMSFs comes as other major economies weigh how retirement money should interact with digital assets, most notably the United States.

Fidelity Investments was the first major provider to test crypto in retirement, launching a Bitcoin 401(k) option in April 2022. The product initially allowed participants to allocate up to 20% of their savings to Bitcoin (BTC) if employers opted in, but it quickly drew pushback from the Department of Labor, which warned fiduciaries to exercise “extreme care” with crypto exposure.

That position held until May 2025, when the Labor Department formally rescinded its cautionary guidance and restored discretion to plan sponsors.

The most notable advancement for crypto in US retirement policy came on Aug. 7, when US President Donald Trump signed an executive order titled “Democratizing Access to Alternative Assets for 401(k) Investors.”

The order directed the Department of Labor to revisit retirement-plan rules, paving the way for alternative assets like cryptocurrencies to be included in 401(k)s and other defined-contribution accounts. 

Unsurprisingly, it was met with both praise and criticism. Labor Secretary Lori Chavez-DeRemer welcomed the order, saying, “The federal government should not be making retirement investment decisions for hardworking Americans, including decisions regarding alternative assets… This Executive Order further supports our efforts to improve flexibility and eliminate unfair one-size-fits-all approaches.”

But critics warned it could put savers at risk. Chris Noble, policy director at the Private Equity Stakeholder Project, said in a statement the move could “primarily benefit private equity firms at the expense of retirement security for millions of Americans.”

There are also increasing concerns about potential conflicts of interest. Alongside passing crypto-friendly legislation and executive orders, Trump and his family are heavily invested in the space. 

On Monday, the World Liberty Financial (WLFI) token, a project backed by the Trump family, made its trading debut after selling about a quarter of its supply in a private offering that raised more than $500 million.

Magazine: Baby boomers worth $79T are finally getting on board with Bitcoin

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Thailand’s DV8 Bitcoin treasury push deepens as Jason Fang becomes CEO after 99.9% raise https://earlybirdsinvest.com/thailands-dv8-bitcoin-treasury-push-deepens-as-jason-fang-becomes-ceo-after-99-9-raise/ https://earlybirdsinvest.com/thailands-dv8-bitcoin-treasury-push-deepens-as-jason-fang-becomes-ceo-after-99-9-raise/#respond Mon, 01 Sep 2025 12:46:46 +0000 https://earlybirdsinvest.com/thailands-dv8-bitcoin-treasury-push-deepens-as-jason-fang-becomes-ceo-after-99-9-raise/

DV8 today appointed Jason Fang, founding partner of Sora Ventures, as chief executive officer, outlining a shift to a corporate Bitcoin treasury and broader digital asset strategy, the company said.

The move follows a months-long reshaping of DV8’s ownership and balance sheet.

A cross-border group that includes Sora Ventures, UTXO Management, Kliff Capital, AsiaStrategy, Moon Inc., and Mythos Group initiated an acquisition of the Thai-listed firm through a voluntary tender offer in July, positioning DV8 to execute a Bitcoin-centric playbook for public companies in Southeast Asia.

Days later, DV8 named Thai investor Chatchaval Jiaravanon as chairman and expanded its board with a mix of local executives and crypto operators.

DV8 also raised fresh capital through a warrant program completed in mid-July. According to company filings, shareholders exercised 99.9% of available DV8-W2 warrants at 0.80 baht, adding about THB 241 million, roughly 7.4 million dollars, and lifting cash by 38%. The capital raise gives the company room to begin treasury activity and related infrastructure work under the new mandate.

Fang arrives with a record of structuring listed-company Bitcoin programs around Asia. In December 2024 Sora Ventures announced a $150 million fund aimed at helping public companies implement balance-sheet Bitcoin strategies tailored to local market rules.

In February, Fang detailed a “MicroStrategy 2.0” framework in Hong Kong that pairs direct holdings with yield-oriented structured products while removing private key management from end investors.

The Sora ecosystem has since moved onto public markets through Top Win International’s merger and rebrand path to AsiaStrategy on Nasdaq, including a ticker change to SORA and a subsequent push into strategic investments related to corporate Bitcoin adoption.

In August, AsiaStrategy disclosed a $10 million convertible note led by WiseLink and began accepting Bitcoin for luxury watch sales, adding an operational settlement layer that complements the treasury thesis.

Thailand’s policy backdrop has improved for corporates exploring digital assets. The government approved a five-year personal income tax exemption on crypto gains for investors, a move that reduces friction for capital formation and potential secondary-market participation around Bitcoin-treasury equities.

The securities regulator has also authorized the use of USDT and USDC in digital asset transactions, allowing stablecoin pairs on local venues and widening the toolkit for market liquidity. Separate coverage this cycle has pointed to a first local spot Bitcoin ETF approval, indicating a gradual expansion of regulated Bitcoin exposure within the jurisdiction.

For DV8, the immediate roadmap centers on treasury governance, disclosure cadence, and the sequencing of any initial Bitcoin purchases, while the board transition and new cash provide the operating basis.

Prior actions around Sora’s network, including structured yield overlays and cross-listings that connect Hong Kong and U.S. markets, offer a template for how treasury accumulation can interact with corporate finance tools and product initiatives.

DV8’s tender, board changes, and warrant funding provide the backdrop for Fang’s appointment, which now concentrates decision-making for a Thai issuer pursuing a Bitcoin-first model linked to a wider regional network of public companies and investors.

Disclosure: Sora Ventures is an investor in CryptoSlate.

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dYdX to Launch Telegram Trading in Major 2025 Roadmap Push https://earlybirdsinvest.com/dydx-to-launch-telegram-trading-in-major-2025-roadmap-push/ https://earlybirdsinvest.com/dydx-to-launch-telegram-trading-in-major-2025-roadmap-push/#respond Sat, 30 Aug 2025 07:33:51 +0000 https://earlybirdsinvest.com/dydx-to-launch-telegram-trading-in-major-2025-roadmap-push/

dYdX
DYDX


$0.6191

, a decentralized exchange (DEX), is preparing a new set of features for the year ahead, including the launch of Telegram-based trading in September.

The updated roadmap lays out several upcoming changes aimed at improving performance and expanding user access.

One of the key additions is the option to trade directly through Telegram, which the platform said could help attract more retail users by simplifying the trading process.

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Other updates focus on making the platform faster and more flexible. One such change is the introduction of “designated proposers”, a feature that assigns certain validators to process transactions more quickly.

To improve the trading experience, dYdX is also introducing new types of orders. These include scale orders, which allow users to set multiple price targets across a range, and TWAP (time-weighted average price) orders, which break large trades into smaller pieces to be executed over time.

To reward participants who help bring activity to the platform, dYdX plans to launch a partner fee share program. This will give liquidity providers and other contributors the chance to earn up to half of the protocol’s trading fees. The goal is to encourage more involvement from users who drive volume and liquidity.

The roadmap also includes features designed to improve ease of use. For example, new social login options will allow users to sign in without needing to remember wallet details. A planned integration with Osmosis will allow direct swaps between USDC
USDC


$0.9980

and DYDX tokens.

On August 27, Webull rolled out cryptocurrency trading in Australia. What did the exchange say about it? Read the full story.


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Treasury Secretary Bessent’s stablecoin push could drive $34 trillion into Ethena, Etherfi, Hyperliquid https://earlybirdsinvest.com/treasury-secretary-bessents-stablecoin-push-could-drive-34-trillion-into-ethena-etherfi-hyperliquid/ https://earlybirdsinvest.com/treasury-secretary-bessents-stablecoin-push-could-drive-34-trillion-into-ethena-etherfi-hyperliquid/#respond Thu, 28 Aug 2025 19:57:31 +0000 https://earlybirdsinvest.com/treasury-secretary-bessents-stablecoin-push-could-drive-34-trillion-into-ethena-etherfi-hyperliquid/

Treasury Secretary Scott Bessent’s endorsement of dollar-pegged stablecoins creates a pathway for up to $34 trillion to flow into decentralized finance protocols such as Ethena, Ether.fi, and Hyperliquid.

Arthur Hayes reported in his Aug. 27 blog post that Bessent aims to redirect capital from the $13 trillion Eurodollar system and $21 trillion in Global South retail deposits into stablecoin infrastructure that purchases Treasury bills.

Yet, he said that this strategy addresses two problems: the Treasury’s inability to track Eurodollar flows and the need for price-insensitive buyers of government debt.

The plan leverages US social media platforms as distribution channels for stablecoin adoption. Meta’s WhatsApp could deploy crypto wallets to billions of users worldwide, enabling seamless transactions with stablecoins while bypassing local banking systems.

DeFi protocols positioned for “secular rise”

Stablecoin issuers must invest deposits in Treasury bills to maintain dollar parity, creating guaranteed demand for government debt.

Tether earns a net interest margin of 4.25% to 4.5% by holding T-bills, while paying no interest on USDT tokens. This business model scales directly with deposit growth, providing Bessent with price-insensitive buyers for short-term government securities.

Bessent can weaponize dollar dominance to force compliance with the adoption of stablecoins.

One example mentioned by Hayes is threatening to exclude foreign banks from Federal Reserve swap lines during financial crises. This move would push Eurodollar deposits toward US-regulated stablecoin platforms.

In the case, Hayes projects a total stablecoin circulation of $10 trillion by 2028. In this scenario, he argued that three protocols are poised for a “secular rise.”

The first is Ethena, which operates the synthetic dollar system USDe to generate yields by shorting crypto derivatives against long positions. As of press time, Ethena had $12.4 billion in total value locked (TVL) in the protocol.

Road to 25% market share

The analysis forecasts that USDe could achieve a 25% market share of total stablecoins, potentially reaching a supply of $2.5 trillion.

Hayes also mentioned Ether.fi. The protocol offers stablecoin spending through Visa-powered debit cards, allowing users to spend their crypto anywhere Visa is accepted.

The platform earns revenue at a ratio comparable to JPMorgan’s 1.78% fee-to-deposit ratio and can also capture decent value in the expansion of the US dollar-pegged stablecoin market.

The third protocol mentioned in the post is Hyperliquid. The protocol dominates decentralized perpetual trading, with a 63% market share.

In addition, Hayes cited that Hyperliquid processes daily volume representing 26.4% of the total stablecoin supply in trading activity.

Considering his $10 trillion prediction, the way these three protocols interact with stablecoins could heavily benefit them and their native tokens.

Mentioned in this article
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Japan’s SBI Holdings will take part in a tokenized stock push in Startale’s joint venture https://earlybirdsinvest.com/japans-sbi-holdings-will-take-part-in-a-tokenized-stock-push-in-startales-joint-venture/ https://earlybirdsinvest.com/japans-sbi-holdings-will-take-part-in-a-tokenized-stock-push-in-startales-joint-venture/#respond Fri, 22 Aug 2025 05:08:42 +0000 https://earlybirdsinvest.com/japans-sbi-holdings-will-take-part-in-a-tokenized-stock-push-in-startales-joint-venture/

Japanese financial giant SBI Holdings is moving into a red-hot tokenized stock market through a joint venture with Singapore-based blockchain developer Startale.

The company plans to build an on-chain platform designed to trade tokenized stocks and real-world assets (RWAS)they announced on Friday.

This step will allow SBI to increase the roster of key players experimenting with tokenized inventory. Gemini, a number of crypto exchanges, including Robinhood and Kraken, has begun offering blockchain-based versions of publicly traded stocks.

SBI oversees over 11 trillion yen ($74 billion) With over 65 million customers across assets worldwide, asset tokenization is considered a major change in the global market.

“We expect this movement to lead to a rewarding digitalization of the capital market itself,” Yoshida Kitabe, president and CEO of SBI Holdings, said in a statement.

According to a press release, the joint venture focuses on 24/7 trading in US and Japanese stocks with a close instant settlement. Features are expected to include fractional ownership, facility-grade custody, and real-time compliance monitoring.

“The platform is highly interoperable, always open, accessible to everyone, and designed to meet the needs of users around the world in the global market,” Yoshita Kaitao said.

Startale previously developed Soneium, the Ethereum Layer-2 network, along with Japanese technology giant Sony.

Read more: DBS launches tokenized structured notes about Ethereum to increase investor access

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a16z and DeFi Education Fund Push SEC for Safe Harbor on NFTs and DeFi https://earlybirdsinvest.com/a16z-and-defi-education-fund-push-sec-for-safe-harbor-on-nfts-and-defi/ https://earlybirdsinvest.com/a16z-and-defi-education-fund-push-sec-for-safe-harbor-on-nfts-and-defi/#respond Mon, 18 Aug 2025 07:39:34 +0000 https://earlybirdsinvest.com/a16z-and-defi-education-fund-push-sec-for-safe-harbor-on-nfts-and-defi/

The US Securities and Exchange Commission (SEC) received a request from Andreessen Horowitz (a16z) and the DeFi Education Fund (DEF) asking the agency to create a “safe harbor” for certain blockchain applications.

The proposal targets non-fungible token (NFT) platforms and some decentralized finance (DeFi) tools.

It argued that these projects should not automatically fall under broker-dealer, exchange, or clearing-agency registration rules.

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The groups addressed their letter to Commissioner Hester Peirce, who leads the SEC’s Crypto Task Force. The request follows a call from the Working Group on Digital Assets, formed under President Donald Trump, that encouraged regulators to consider relief for certain DeFi providers.

Recently, the SEC and private plaintiffs have sued firms accused of operating as unregistered intermediaries. Names cited in public filings include Cumberland DRW, Coinbase



$1.92B

, and Kraken



$367.44M

.

The letter proposed that only those apps that do not pose risks the Exchange Act’s broker-dealer rules were meant to address should qualify for the safe harbor. Services that function like core intermediaries or that present a risk to investors would remain fully subject to the SEC’s oversight and enforcement.

The organizations said a safe harbor would provide three practical benefits. First, it would draw a clearer line between products that must register and those that do not. Second, it would preserve the SEC’s authority to act against high-risk behavior. Third, it would reduce legal uncertainty for teams in the United States.

Recently, a group of major US banking associations asked Congress to address a gap in the new GENIUS Act. What did they say? Read the full story.


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Push Open Lightning Network Channels in MSAT https://earlybirdsinvest.com/push-open-lightning-network-channels-in-msat/ https://earlybirdsinvest.com/push-open-lightning-network-channels-in-msat/#respond Tue, 12 Aug 2025 19:33:50 +0000 https://earlybirdsinvest.com/push-open-lightning-network-channels-in-msat/

I created a channel with core lightning with Push_msats parameter and quickly pushed a lot of funds into the peer side of the channel.

lightning-cli fundchannel  push_msats=30480

I did that to improve my ability to receive funds. I was able to receive more funds up to the channel capacity. But this was a big mistake. why? Now, this channel has far more funds than capacity, and when you close the channel, what is the channel capacity? Are the funds you pushed to the peerside with push_masters forever gone?

The peer effectively “stolen”:-(

If you made a payment instead, you would have received at least some products/services in return for that payment. Now, the pushed Saturday will disappear forever.

The channel has been closed.

Can someone help me understand if there is a way to get those Saturdays back from the peers?

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South Korean Investors Shift To Crypto-Related Stocks Amid Stablecoin Push – Report https://earlybirdsinvest.com/south-korean-investors-shift-to-crypto-related-stocks-amid-stablecoin-push-report/ https://earlybirdsinvest.com/south-korean-investors-shift-to-crypto-related-stocks-amid-stablecoin-push-report/#respond Tue, 12 Aug 2025 07:39:28 +0000 https://earlybirdsinvest.com/south-korean-investors-shift-to-crypto-related-stocks-amid-stablecoin-push-report/

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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.

crypto, ETH, ETHUSDT, Ethereum

Ethereum (ETH) trades at $4,275 in the one-week chart. Source: ETHUSDT on TradingView

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