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Korea’s KOSPI Surges 11% in Historic Rebound, Outpacing Crypto

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Korea's KOSPI Surges 11% in Historic Rebound, Outpacing Crypto

One day after recording its worst single-session loss in history, South Korea’s KOSPI surged more than 11% on Thursday, staging one of the most dramatic reversals the index has ever seen.

No major economy is more acutely wired to Middle East instability than Seoul — and this week proved it.

The Bounce of KOSPI and KOSDAQ

South Korea’s two main stock indices — the large-cap KOSPI and tech-heavy KOSDAQ — are among Asia’s most actively traded markets and a key barometer of Korean retail investor sentiment.

By mid-morning, the KOSPI had climbed to 5,682 — up from Wednesday’s close of 5,093 — after touching an intraday high of 5,715. The KOSDAQ recovered above the 1,000 level, gaining over 11%. A buy-side sidecar was triggered in early trade — a striking contrast to Wednesday’s sell-side sidecar and full circuit breaker halt. The won strengthened sharply, pulling back from an overnight high of 1,505 to trade near 1,461.

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The catalyst: oil prices stabilized, with Brent crude holding at $81.40 and WTI at $74.66, and reports of back-channel contacts between Washington and Tehran lifted sentiment across Asian markets. Wall Street had closed higher on Wednesday, with the Nasdaq up 1.29%, led by Tesla (+3.44%), Amazon (+3.95%), and Nvidia (+1.66%).

Samsung Electronics and SK Hynix — which had shed 21% and 22.75% respectively from their late-February peaks — rebounded 13–15% in early trade. Foreign investors, who had used both stocks as first-resort liquidity during the panic, returned as net buyers of over 710 billion won by mid-morning. Retail investors added another 600 billion won alongside them.

Why Korea Fell Harder Than Anyone Else

The scale of the crash and recovery reflects a structural reality. Over the two sessions on March 3–4, the KOSPI and KOSDAQ fell 18.43% and 17.97%, respectively — the worst and second-worst performances globally. Japan fell 6.57%, Taiwan 6.46%, and China’s Shenzhen Composite just 3.76%. US indices barely registered, declining less than 0.35% combined.

Korea imports over 70% of its energy from the Middle East and operates an export-dependent economy with high sensitivity to commodity shocks. When US-Israel strikes on Iran triggered Strait of Hormuz closure fears, global risk was concentrated in Seoul with exceptional force. Wednesday’s KOSPI decline of 12.06% surpassed even the 12.02% drop recorded the day after 9/11 — a threshold that had stood for 25 years.

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What Comes Next

Analysts are cautiously optimistic but warn that the path forward depends on geopolitical developments. One analyst argued that a prolonged Hormuz blockade is self-defeating for Iran. It would cut Tehran’s foreign exchange revenues while inviting further military response. Another pointed to a potential mediator as the key turning point. At current index levels, he said, “the case for buying is strong.”

Mirae Asset set a near-term KOSPI recovery target of 5,800. Kiwoom Securities suggested the two-day selloff had effectively front-loaded the war risk premium in full.

What It Means for Crypto

For crypto markets, as BeInCrypto reported Wednesday, Korea’s retail investor base showed some resilience during the crash — with newly listed tokens on Upbit and Bithumb posting double-digit gains even as equities collapsed. But Thursday’s equity rebound may quickly reverse that dynamic.

With foreign and retail investors pouring over 1.3 trillion won back into equities in a single morning session, the stock market’s gravitational pull reasserts itself. Korea’s crypto volumes had already dropped by more than 80% during the KOSPI’s 85% bull run since President Lee’s election, and a sharp V-shaped equity recovery threatens to drain whatever crypto inflows emerged during the two-day panic.

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The won pulled back from 1,505 to near 1,461. That partial recovery reduces the currency-hedge appeal that briefly boosted digital assets. The effect is already visible in the data: Bitcoin rose 6.4% in dollar terms over the past 24 hours, but gained only around 5% on Upbit in won terms — the won’s sharp rebound absorbed more than a percentage point of that gain.

If geopolitical risk continues to ease, the KOSPI could push toward Mirae Asset’s 5,800 target. Korean retail capital — historically the most swing-sensitive in global crypto markets — would likely follow equities. Not digital assets.

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Three Reasons to Mine Crypto with ViaBTC Mining Pool in 2026

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Three Reasons to Mine Crypto with ViaBTC Mining Pool in 2026

As the crypto mining industry grows rapidly in 2026, more miners are seeking to join pools that aim to improve efficiency and potential profitability. Given the number of mining pools in this industry, it can be difficult to choose the right one for your needs and strategy.

Among the many mining pools available, ViaBTC stands out as a global leader, providing miners with the tools, features, and services they need to run their operations more smoothly. Over the years, ViaBTC has become a top choice for both experienced and novice miners. It leads the industry through its strong technical support and excellent user experience. This article will outline three major reasons why you should consider mining your cryptocurrencies with ViaBTC in 2026. 

1. ViaBTC’s Pool Makes Mining Profitable and Predictable

ViaBTC is a top mining pool that provides regular payouts and powerful tools to manage, track, and optimize miners’ operations. It supports PoW coins like BTC, LTC, ZEC, DOGE, and others. 

As a platform that prioritizes user experience, ViaBTC’s pool function offers a full set of tools to meet miners’ needs. Its main functions can be grouped into mining, revenue management, automation, and asset control. 

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Here are the core functions of the ViaBTC mining pool:

Auto Conversion: As the name implies, Auto Conversion allows miners to automatically convert supported coins they mine, like BCH, LTC, etc, into another selected digital asset like BTC or USDT on an hourly basis. 

This function helps miners to:

  • Reduce exposure to price volatility 
  • Lock in profits more efficiently 
  • Simplify asset management, the need for exchanges 

Revenue Sharing: This feature enables miners to automatically and proportionally distribute mining earnings across multiple ViaBTC accounts. 

This function helps miners to:

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  • Manage payments efficiently for mining farms or group operations
  • Split rewards fairly between miners
  • Ensure transparency and timely revenue distribution 

Auto Withdrawal: The Auto Withdrawal pool function automatically sends mining rewards to a designated wallet once a preset balance threshold is reached. 

This function helps miners to:

  • Get faster access to funds
  • Improve cash-flow management 
  • Lower risk of keeping large balances idle

2. ViaBTC’s Mining Pool Helps Generate More Revenue   

Mining profitability isn’t just about running powerful rigs; it’s also about knowing how to manage and distribute your rewards to generate more revenue or maximize income. ViaBTC provides a suite of built-in tools and payment systems that help miners get the most out of every unit of hashrate.

Flexible Payout Methods

ViaBTC supports several payout models, allowing miners to choose the one that fits their strategy. 

  • Pay Per Share (PPS): Provides consistent, predictable payouts even if blocks are not found immediately. 
  • Pay Per Share Plus (PPS+): This follows the normal PPS payout method but includes transaction fees from blocks as rewards. 
  • Pay Per Last N Shares (PPLNS): Rewards miners based on long-term contribution, which can yield higher payouts over time. 
  • Full Pay Per Share (FPPS): This pays miners per share and includes a portion of transaction fees to provide more stable earnings.  
  • SOLO Mining: Miners attempt blocks independently while using ViaBTC’s infrastructure. 

Automated Revenue Tools

The aforementioned tools, such as Auto Withdrawal, Revenue Sharing, and Auto Conversion, help miners maximize revenue while reducing operational overhead. 

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Monitoring and Optimization

ViaBTC’s dashboard provides detailed insights into mining performance and profitability. 

This function helps miners generate revenue by:

  • Providing real-time hashrate tracking to identify underperforming machines
  • Alerts for connectivity issues or drops in performance 
  • Profitability comparison across multiple coins. 

Mining Calculator

The ViaBTC mining calculator is a powerful tool that estimates potential profits before committing resources to mining a coin. It ensures miners allocate efficiently, avoid low-profit mining, and help maximize return on investment. 

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3. ViaBTC’s Latest Functions Let Miners Operate More Efficiently than Ever 

Mining success in 2026 now depends significantly on automation and intelligent management. ViaBTC 

provides a list of new functions that help miners increase efficiency, reduce costs, and optimize operations. 

Smart Mining: 

ViaBTC introduced Smart Mining to automatically redeploy miners’ hashrates to higher-return mining assets based on real-time mining revenue. This reduced the need for constant manual switching. 

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Integrated Wallet and Asset Management: 

ViaBTC’s wallet accounts allow miners to:

  • Store mined assets securely
  • Convert between cryptocurrencies
  • Manage funds without third parties
  • Trade and distribute earnings inside an ecosystem

Advanced Monitoring and Control:

ViaBTC supports:

  • Performance alerts and notifications
  • Multiple accounts and worker management 
  • Revenue sharing for partnerships. 

Conclusion:

The question in 2026 is no longer whether to join a mining pool, but which pool offers the best tools and services for long-term success. ViaBTC stands out from the rest of the mining pools in the space by making mining predictable, expanding revenue opportunities with flexible payouts, and simplifying operations through its latest mining features. 

Disclaimer: The opinions and views expressed in this article are for informational and educational purposes. It does not constitute any form of investment or financial advice. 

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a16z Crypto Targets $2 Billion Fund Amid Blockchain VC Shakeout

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Crypto's TradFi Moment: Institutions Are In, but on Their Terms

a16z crypto, the crypto-focused venture capital arm of Andreessen Horowitz, is reportedly seeking about $2 billion for its fifth crypto fund.

The raise arrives as the broader crypto market endures a downturn, with venture capital firms also facing mounting pressure.

a16z Crypto Dials Down Fund Size with Blockchain-Focused Round for 2026

According to Fortune, the firm aims to close the round by the end of the first half of 2026. This fifth fund will exclusively focus on blockchain investments.

The latest fund is significantly smaller than a16z crypto’s fourth $4.5 billion fund. BeInCrypto reported in 2022 that the fund was split into $1.5 billion for seed and $3 billion for venture investments.

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However, this time, a16z crypto is opting for a shorter fundraising cycle to better capitalize on the fast-changing trends within the crypto space.

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In 2018, a16z crypto launched its first $300 million fund and has since become an active player in the market. Data from CryptoRank showed that in Q4 2025, it backed Kalshi and invested $50 million in the Solana staking protocol Jito. This year the firm invested in Babylon, Kairos, and Talos.

As a Tier 1 investor with a 22.08x retail ROI, a16z holds 187 investments averaging $10-20 million per round, building one of the most extensive portfolios in crypto venture capital.

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The firm’s investment focus includes artificial intelligence (27.78%), prediction markets (16.67%), and API and developer tools (11.11% each), among other categories.

a16z is not the only firm raising capital. Just last month, Dragonfly Capital closed a $650 million fund. This showed an ongoing institutional appetite for crypto venture investing.

Crypto Venture Capital Funds Encounter ‘Identity Crisis’ Amid Market Struggles

The broader cryptocurrency market has faced challenges, continuing the decline that began in October. Bitcoin (BTC) is down by 16.7% year-to-date, despite a recent bounce-back. Other major large-cap assets have also experienced struggles.

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This downturn has extended its effects to digital asset treasuries, crypto equities, and even venture capital funds. Bloomberg reported in early February that crypto-focused venture capital funds are grappling with what is described as “an identity crisis.”

According to the report, crypto-native funds were shifting their focus toward higher-performing sectors, such as stablecoin infrastructure and on-chain prediction markets. Some were also branching into adjacent industries like fintech and artificial intelligence (AI).

“Web3 as a category is largely uninvestable for now. People have moved on from NFTs, gaming, and the next incremental DeFi platform built for its own sake. Even crypto-native VCs with dry powder are pivoting hard toward fintech and stablecoin plays, and prediction markets. Everything else is struggling to get attention,” Santiago Roel Santos, founder and chief executive officer of crypto private equity firm Inversion, said.

Yet, a16z’s ongoing commitment suggests the firm believes there are opportunities for long-term value creation in the current environment.

Whether the latest efforts mark a floor for crypto venture or simply a consolidation among the sector’s most durable players, the answer will depend in large part on whether the current market downturn produces the kind of breakout companies that justify the capital committed during it.

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Europol and FBI Shut Down Major Cybercrime Forum LeakBase

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Crypto Breaking News

An international, cross-border operation led by the U.S. Federal Bureau of Investigation (FBI) and Europol has dismantled LeakBase, one of the internet’s most active hubs for cybercrime. The coordinated takedown targeted a forum that facilitated the sale of stolen data and cybercrime services, drawing more than 142,000 registered members and generating extensive activity with over 215,000 posts. Officials described the operation as one of the largest takedowns of its kind, underscoring the global reach of digital criminal marketplaces and the growing cooperation among law enforcement agencies to disrupt them. The action culminated in simultaneous actions across 14 countries on March 3 and 4, with authorities replacing the site with seizure notices and collecting critical data for evidence.

Key takeaways

  • LeakBase hosted a large community of cybercriminals, with 142,000+ members and more than 215,000 posts before the takedown.
  • The operation ran on March 3–4 and involved synchronized actions by law enforcement across 14 countries, including warrants, arrests, and site seizures.
  • Authorities replaced LeakBase with seizure banners and gathered user data, posts, and IP logs to support prosecutions and future investigations.
  • U.S. and international agencies emphasized that the platform served as a conduit for stolen credentials, financial data, and other sensitive information.
  • The case sits within a broader pattern of increased leakage and credential exposure affecting the crypto ecosystem, prompting ongoing scrutiny of security practices across exchanges and wallets.

Tickers mentioned: $BTC, $ETH, $COIN

Market context: The takedown aligns with a heightened global emphasis on cross-border cybercrime investigations and the crypto sector’s momentum toward stronger protection of customer data and infrastructure resilience amid rising leakage incidents.

Why it matters

The LeakBase operation highlights the persistent threat posed by large online crime forums that streamline the sale of stolen data, including credentials and financial information. While no specific crypto accounts were cited in the immediate statements, the incident fits a troubling trend in which attackers leverage leaked data to perpetrate social engineering, targeted phishing, and account takeovers within crypto ecosystems. A Justice Department briefing noted that the takedown disrupts a major international platform used by cybercriminals to monetize stolen information, thereby reducing the pool of readily available data for criminals who aim to compromise wallets, exchanges, or payment networks. The broader implication is a push for more proactive security measures across crypto service providers and financial platforms alike, as well as greater transparency around the provenance of user data and the steps required to protect it.

The crackdown also serves as a reminder of prominent, previously shuttered marketplaces, such as Raidforums, whose shutdown in 2022 and subsequent data revelations underscored how leaked information can ripple through the crypto space. In that prior case, exposed data included tens or hundreds of thousands of records tied to crypto-wallet users, illustrating how platform safeguards and user due diligence intersect with criminal risk. Although the LeakBase action did not explicitly cite a crypto-specific breach, the interconnected nature of cybercrime means that leaked credentials and payment details can be repurposed for fraudulent activities across exchanges, wallets, and custodial services. This dynamic has kept the security posture of several platforms under closer scrutiny and spurred calls for enhanced multi-factor authentication, better anomaly detection, and tougher access controls across the board.

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From a policy perspective, the operation reinforces the value of international cooperation in cybercrime investigations. Law enforcement officials engaged in search warrants and arrests across eight distinct jurisdictions, reinforcing that cyber threats do not respect borders. While the immediate focus was on dismantling a criminal forum, the long-term effect is a broadened mandate for cross-jurisdictional data sharing, real-time intelligence collaboration, and more aggressive enforcement against online marketplaces that facilitate illicit activity. In crypto markets, where user trust hinges on verifiable security practices, the incident reinforces the imperative for exchanges and wallets to invest in better credential protection, phishing resistance, and response playbooks that can quickly isolate compromised accounts and limit damage.

In parallel, security researchers note that the human factor remains a primary vector for breaches. The narrative surrounding leaked data—whether from exchanges or support channels—underscores how social engineering and insider risk can undermine even the most robust technical defenses. As security teams evaluate their incident response plans, the LeakBase takedown offers a concrete case study in how coordinated, multinational action can disrupt criminal networks, while also raising questions about the balance between takedowns and safeguarding legitimate users who may be affected by seizures and account suspensions.

What to watch next

  • Official statements and charging documents from the Department of Justice and participating jurisdictions outlining specific prosecutions and charges related to LeakBase users and operators.
  • Updates on any additional seizures, arrests, or indictments tied to the operation, including cross-border investigations into connected forums or marketplaces.
  • Post-takedown data disclosures or advisories from impacted platforms or security firms detailing how compromised data was used and what remediation steps were taken.
  • Regulatory or policy developments aimed at tightening cybercrime cooperation, data protection standards, and credential theft prevention within crypto exchanges and wallet providers.

Sources & verification

  • U.S. Department of Justice press release on the dismantlement of LeakBase and related law enforcement actions (official source)
  • Statement from the FBI Cyber Division confirming the takedown and evidentiary preservation (official source)
  • Ledger data leak reference tied to Raidforums and its historical impact on crypto-users’ data exposure
  • Cointelegraph reporting on Coinbase breach activities and related social engineering risk

LeakBase takedown and the global hunt for cybercrime marketplaces

An international coalition spearheaded by the FBI and Europol orchestrated a landmark takedown of LeakBase, a sprawling cybercrime forum that served as a marketplace for stolen data, hacking tools, and illicit services. The operation, conducted across March 3 and 4, mobilized authorities in 14 countries, signaling both the scale of the network and the depth of international cooperation now applied to cybercriminal infrastructure. After the seizures, authorities replaced the site with seizure banners and initiated the collection of logs, messages, and user data to support ongoing investigations and potential prosecutions. The operation marks a notable milestone in the fight against online marketplaces that enable financial fraud, credential theft, and targeted scams across digital ecosystems.

Officials stressed that the dismantled platform operated as a conduit for the theft and monetization of sensitive personal, banking, and account data. The DOJ’s Criminal Division emphasized that these networks typically enable numerous downstream crimes, including social engineering campaigns that exploit exposed data to manipulate victims or extract money. In the context of the crypto space, where custody and access rely on credentials and reputation, the disruption of such forums is seen as a meaningful step toward reducing the pool of readily available information criminals can weaponize to compromise exchanges, wallets, and accounts.

While the primary focus of the LeakBase takedown was not a single cryptoasset, the ripple effects touch a sector already grappling with credential leakage and social engineering. The broader security environment remains fragile, with past incidents linked to data exposures and compromised customer information that can be weaponized against crypto holders. The operation’s multinational scope highlights a shift toward more aggressive, coordinated enforcement that crosses legal jurisdictions, a development welcomed by security professionals who argue that collaboration is essential to disrupt criminal ecosystems that thrive on anonymity and scale.

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Looking ahead, investigators will parse through seized data to map relationships between users, trace stolen credentials, and identify potential targets across financial platforms. The case may yield further charges and unravel ancillary networks that connect LeakBase to other forums or marketplaces. As the crypto sector continues to push for stronger security controls and better data hygiene, this takedown provides a real-world demonstration of how law enforcement, policy, and industry players can align to curb cybercrime’s reach while preserving legitimate users’ trust in digital asset ecosystems.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Crossover Markets Closes $31M Series B at $200M Valuation With Tradeweb Leading the Round

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Nexo Partners with Bakkt for US Crypto Exchange and Yield Programs

TLDR:

  • Crossover Markets closed a $31M Series B round at a $200M valuation, led by Tradeweb Markets.
  • Tradeweb will route institutional spot crypto orders to CROSSx using algorithmic order-routing tech.
  • CROSSx has matched over $50 billion in notional volume across 12 million trades since its launch.
  • Investors include Ripple, Virtu Financial, Wintermute Ventures, XTX Markets, and DRW Venture Capital. 

Crossover Markets has closed a $31 million Series B funding round at a $200 million valuation. Tradeweb Markets led the round, joined by DRW Venture Capital, Illuminate Financial, Ripple, Virtu Financial, Wintermute Ventures, and XTX Markets.

The investment strengthens CROSSx, an execution-only cryptocurrency electronic communication network. Through the deal, Tradeweb will route institutional spot crypto orders to the platform.

This partnership reflects the growing convergence between traditional finance and digital asset trading infrastructure.

Tradeweb Partnership Brings Institutional Crypto Access to Global Clients

Tradeweb plans to connect its global clients to Crossover’s institutional spot crypto liquidity. It will use its algorithmic order-routing technology to direct trades to CROSSx.

This move marks Tradeweb’s formal entry into institutional crypto markets. The integration combines CROSSx’s microsecond matching speed with Tradeweb’s established global distribution network.

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Crossover Markets CEO Brandon Mulvihill welcomed the development with a clear statement of intent.

“We are pleased to announce our Series B financing and are grateful to both our existing and new investors, whose support is a testament to the transformative role CROSSx is playing in the digital asset ecosystem.” — Brandon Mulvihill, Co-Founder and CEO, Crossover Markets

Mulvihill further noted that institutions are demanding speed, transparency, and efficiency similar to traditional markets. He added that few Wall Street leaders understand those standards better than Tradeweb.

Combining CROSSx’s single-digit microsecond matching with Tradeweb’s global reach marks a significant step forward. He also stressed that clear separation of duties remains fundamental to sound market structure.

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Tradeweb CEO Billy Hult echoed that view, framing the deal as a natural progression.

“This collaboration marks Tradeweb’s entry into institutional crypto, a natural next step in our multi-asset strategy. Institutional investors are increasingly turning to crypto to express macro views and manage risk in a 24/7 global market.” — Billy Hult, CEO, Tradeweb

Hult added that as adoption grows, markets now require trusted, institutional-grade infrastructure. The planned integration aims to extend Tradeweb’s electronic execution standards into the crypto space.

Clients can expect the liquidity, transparency, and discipline Tradeweb is known for delivering. That commitment aligns directly with what CROSSx was built to provide.

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Crossover also shared its excitement across social media, reinforcing the milestone.

“This milestone marks the continued convergence of traditional finance and digital assets.” — Crossover Markets (@crossover_mkts)

Proceeds to Fund Technology Growth and Expanded Global Operations

Crossover Markets will direct funding toward enhancing its core technology infrastructure. Additionally, the company plans to expand its global operations and deepen institutional integrations.

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Since launching, CROSSx has matched over $50 billion in notional trading volume. The platform now supports nearly 100 live participants across 12 million completed trades.

Crossover Markets also highlighted participation from firms like Virtu Financial and XTX Markets. These traditional finance players bring regulatory expertise and disciplined risk management to the table.

Their involvement helps bridge conventional capital markets with cryptocurrency trading infrastructure. Together, they strengthen the institutional credibility of the CROSSx platform.

Crypto-native firms Ripple and Wintermute Ventures also joined the round as participants. Their inclusion reflects confidence from within the digital asset community itself.

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CROSSx supports low-latency execution, advanced order types, and FIX protocol connectivity. These features cater directly to institutional participants requiring reliable, professional-grade trading tools.

With this financing in place, Crossover Markets is now better positioned to lead institutional crypto trading. The company aims to solidify CROSSx as the venue of choice for digital asset execution.

As traditional and crypto markets continue merging, Crossover Markets stands at the center of that shift.

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Tech Giants Sign Pledge to Cover AI Power Costs

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Energy Consumption, White House, Donald Trump, Data Center

US technology giants have signed a White House pledge to cover the power costs of their artificial intelligence data centers, which the Trump administration says will prevent consumers from paying higher utility bills.

The non-binding “Ratepayer Protection Pledge” was signed by Amazon, Google, Meta, Microsoft, OpenAI, Oracle and xAI on Wednesday, promising the companies would “build, bring, or buy” the energy needed to build and operate data centers and would not pass on costs to consumers.

“The data centers […] need some PR help,” US President Donald Trump said at a roundtable attended by government officials and representatives from Big Tech firms. 

“People think that if a data center goes in, their electricity prices are going to go up, and that’s not happening. It’s not going to happen — and for the areas where it did happen, it won’t happen anymore,” he added.

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Data centers are cropping up across the US amid an AI boom, with the power-hungry technology exceeding the available capacity in some parts of the country, according to a Harvard Kennedy School report from February. 

Energy Consumption, White House, Donald Trump, Data Center
Donald Trump delivers remarks at a roundtable in the White House on Wednesday. Source: YouTube

The report said that data centers could demand up to 12% of all US electricity consumption by 2028. US Energy Information Administration data show that residential energy prices increased 6% in 2025 and are expected to continue rising through 2027 and 2028.

Voters concerned about bills ahead of midterms

Trump announced the pledge in his State of the Union address, and it comes ahead of the midterm elections in November, where voters are concerned about cost-of-living pressures and the impact of AI data centers on the energy grid.

“Some centers were rejected by communities for that, and now I think it’s going to be just the opposite,” Trump said, referring to data centers canceled after locals opposed the projects.

Related: Mining companies move deeper into AI, HPC as MARA may sell Bitcoin

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The pledge promises that companies will pay for all new power infrastructure required for their data centers and will pay the cost for the infrastructure and power brought online, whether they use it or not.