South Korean retail investors are shifting their focus from US Big Tech stocks to crypto-linked equities, with $259 million invested in Ether-hoarding firm BitMine in July, making it the top overseas stock purchase. A report from the Korean Center for International Finance shows that the share of crypto-linked stocks in the top 50 net-bought stocks rose from 8.5% in January to 36.5% in June, before slightly declining to 31.5% in July. Meanwhile, net purchases of major US tech companies dropped significantly, falling by 84% to $260 million compared to an average of $1.68 billion during the earlier months of the year. This pivot is attributed to the growing acceptance of stablecoins in global finance. BitMine's ETH holdings surged 410.68% to 833,100 ETH, making it the largest holder globally, with assets valued at nearly $3.6 billion as Ethereum's price increased to over $4,300. Ethereum co-founder Vitalik Buterin expressed concerns over potential over-leverage risks within ETH investments but remains confident in the discipline of ETH investors.

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