South Korea's stock market crash has driven stock investors to shift their funds back to banks, with more than 24 trillion won moved into fixed deposits.
According to South Korean media outlet Daum, South Korea’s stock market has seen heightened volatility recently, with investors’ risk appetite cooling sharply as funds flow back to safe-haven assets like bank deposits from equities. Driven by semiconductor sector corrections and stricter oversight of leveraged investments, idle funds in the South Korean stock market have exited rapidly, triggering a so-called "reverse capital migration" phenomenon. Data shows that as of the end of July, time deposit balances at South Korea’s five major banks (KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup) reached 973.49 trillion won, rising by 24.09 trillion won from the previous month, marking the largest monthly increase so far this year. Funds linked to the stock market have also contracted noticeably. Data from the Korea Financial Investment Association indicates that investor securities account deposits (idle funds earmarked for stock trading) hit an all-time high of 139.69 trillion won on June 4, but fell to 107.20 trillion won by July 28, a reduction of over 32 trillion won in less than two months. Margin loan balances, which represent the scale of leveraged market transactions, dropped to 33.19 trillion won in the same period, down roughly 4.5 trillion won from the 37.72 trillion won peak set on July 2, a decline of around 12%.
43 minutes ago
Prominent trader: If Bitcoin drops below $61,000, it will likely test the $54,000 level.
Prominent trader Killa said in an early morning post that Bitcoin has pulled back again after the FOMC meeting. A key low-leverage long position cluster sits below the current price. He advised traders to monitor the $61,000 to $61,500 range; if this level breaks, Bitcoin will test the $54,000 to $56,000 zone. Killa, a BTC-focused quantitative trader, predicted the peak of the current bull run in May 2025 and has over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, then shifted to a long position during the broad market sell-off on June 5.
43 minutes ago
Bitcoin mining firm Bitdeer produced 271.3 BTC this week, selling all of it to maintain a zero BTC position.
Bitcoin mining firm Bitdeer has released its weekly data. As of July 31, the company produced 271.3 BTC this week, sold an equivalent amount, resulting in zero net addition, with its pure BTC holdings remaining at zero (excluding customer deposits). Since February 20, Bitdeer has maintained zero Bitcoin holdings for 23 consecutive weeks.
43 minutes ago
Yesterday, Bitcoin ETFs posted a net outflow of $265.4 million, while Ethereum ETFs recorded a net inflow of $9 million.
According to Farside Investors' monitoring, U.S. spot Bitcoin ETFs saw a net outflow of $265.4 million yesterday. IBIT recorded a net outflow of $122.7 million, while FBTC posted a net outflow of $54.8 million. Meanwhile, Ethereum ETFs reported a net inflow of $9 million, with ETHB alone seeing a net inflow of $15.4 million.
43 minutes ago
OpenAI has banned Cambodia-based accounts that used ChatGPT to create virtual identities for online fraud.
OpenAI stated on July 31 that it has banned a batch of ChatGPT accounts linked to a Cambodian fraud network. The network uses ChatGPT to create fake identities, translate scam messages and produce promotional content, gaining victims' trust through methods like romantic connections or friendship, then inducing them to participate in fake cryptocurrency or gold investment projects. The relevant clues were initially provided by WhatsApp, and the involved individuals may be operating in the Poipet area of Banteay Meanchey Province, Cambodia. OpenAI has shared the relevant information with industry partners. The specific losses caused by the network are currently unclear, with some victims reportedly losing thousands of dollars. (IT Home)
43 minutes ago
PeckShield: 30 major hacking incidents targeted the crypto industry in July, causing losses exceeding $210 million.
According to PeckShield’s statistics, the crypto industry faced 30 major hacking incidents in July, with total losses exceeding $210 million, a 177.2% month-over-month increase from the $75.87 million in losses recorded in June. The attack on cold wallet Coldcard alone resulted in over $70 million in losses, marking it the third-costliest hacking incident of the year to date.
43 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
