South Korea is going crazy, Crypto and the stock market are flying.

President Lee Jae-myung promised to allow stablecoins based on the Korean won, which ignited investors' fomo sentiment. The Korean index has soared nearly 30% this year, becoming the best performing market in Asia in the first half of the year.

Stablecoin concept stocks have skyrocketed directly: Kakao Pay has doubled in a month, LG CNS has soared nearly 70%, and the share prices of Aton and ME2ON have also been crazy.

Retail investors are completely All In, with full leverage! The outstanding margin loans of retail investors' borrowing and leverage amounted to 20.5 trillion won (about 15 billion US dollars).

In addition. Lee Jae-myung appointed cryptocurrency advocate Kim Yong-bum as chief policy adviser, and the ruling party proposed a bill to promote the digital asset industry, allowing low-capital companies (companies with equity as low as 500 million won) to apply for the issuance of stablecoins, which further triggered market optimism. $BTC