The South Korean cryptocurrency market has shrunk by over 50% within a year

According to the financial report released by Nasdaq listed HYPE treasury company Hyperliquid Strategies, as of March 31, 2026, the company invested $216 million to purchase approximately 730 million HYPEs. On April 29, HYPE holdings increased to 20 million, with cash on hand of $103 million. In addition, an investment of $105 million was made to repurchase approximately 3 million shares of stock, with an average cost of $3.42 per share. Within nine months, HYPE earned $260 million in pledged income from unrealized earnings of $198 million and recorded a net profit of $152 million.

Strategy founder Michael Saylor releases information on Bitcoin Tracker. According to past patterns, Strategy usually discloses its Bitcoin increase data on the second day after the release of relevant news.

Matthew Sigel, head of digital asset research at VanEck, said that Bitcoin may hit historical highs again in the next 12 months, as BTC's correlation with the Nasdaq index approaches a five-year high and the resilience of the US stock market supports a rebound. He pointed out that the sentiment in the derivatives market is still cautious, but from a reverse perspective, there is still room for Bitcoin to rise. He mentioned that the central bank has already included Bitcoin in its foreign exchange reserves this year, and BTC is evolving into a global cross-border settlement asset. He is more concerned about the development of mining enterprises under the trend of increasing market share of Bitcoin and AI integration, and believes that mining enterprises are benefiting from the growth of AI infrastructure and the decrease in financing pressure. In addition, he mentioned that if the CLARITY Act is passed, it may boost the altcoin market, but institutional investors remain cautious about altcoins.

The total locked value (TVL) of Polymarket has increased by over 500% in the past year. （Cointelegraph）

According to Cointelegraph, the South Korean cryptocurrency market has experienced a significant contraction within a year, with investors holding positions worth KRW 60.6 trillion (USD 41.4 billion) by the end of February 2026, down from KRW 121.8 trillion (USD 83.3 billion) at the end of January 2025. The daily trading volume of the five major exchanges (Upbit, Bithumb, etc.) decreased from $11.6 billion in December 2024 to $3 billion in February 2026; The platform's Korean won deposits decreased from 10.7 trillion Korean won to 7.8 trillion Korean won during the same period. The decrease in stablecoin holdings is relatively small, mainly due to the decline in cryptocurrency prices and the flow of funds to the stock market.