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7/13
23:27
The South Korean government has raised its economic growth forecast for 2026 to 3%, citing the "supercycle" in the semiconductor industry.
Svmuu News: On Tuesday, the South Korean government raised its economic growth forecast for 2026 to 3%, up 1 percentage point from its previous projection, citing a “supercycle” in the semiconductor industry and reduced uncertainty related to the situation in the Middle East. The South Korean Ministry of Economy and Finance released its economic policy plan for the second half of 2026; its growth forecast exceeds the 2.6% projections previously issued by the International Monetary Fund, the Organization for Economic Cooperation and Development, and the Asian Development Bank.
Lee Hyoung-il, First Vice Minister of Finance, stated: “I believe the forecasts from other institutions were based on data from March and April, whereas our assessment is based on the latest data. Key changes include strong export growth driven by the boom in the semiconductor industry. Furthermore, the situation in the Middle East has eased further since then.” (Jin Shi)
23:22
Nanfang's Double-Leveraged Hynix ETF Extends Losses to 18%
Svmuu News: According to Gate data, the Southern Double Long Hynix ETF saw its losses widen to 18%, while the Southern Double Long Samsung Electronics ETF fell 6.6%.
23:18
South Korea's KOSPI index hit its lowest level since April 24, falling 4.55% during the day
Svmuu News: According to Gate data, South Korea’s KOSPI index fell below 6,500 points, hitting its lowest level since April 24, with a 4.55% decline on the day.
23:01
Patrick Witt, the White House’s chief cryptocurrency advisor, will be taking a leave of absence, which may affect negotiations on the Clarity Act
Svmuu News: Patrick Witt, the White House’s chief cryptocurrency advisor, will begin a several-month leave of absence later this month to undergo JAG program training with the Georgia Army National Guard. Witt had originally planned to participate in the program in April, but it was postponed due to prolonged negotiations over the Clarity Act; this time, the schedule cannot be extended further. Since assuming the role last August, Witt has led negotiations with lawmakers and industry stakeholders on key points of contention in the bill, including brokering a compromise between the crypto industry and banks regarding stablecoin yields, addressing disputes over ethical provisions, and securing support from law enforcement agencies. His deputy, Harry Jung, will take over his duties.
22:55
Morningstar Maintains Fair Value Estimate of $160 for SK Hynix ADRs; Valuation Is at a Reasonable Level
Svmuu News: Morningstar equity analyst Jing Jie Yu stated that the firm is maintaining its fair value estimate for SK Hynix ADRs at $160 per share and, after assessing long-term cyclical risks, believes the valuation is reasonable. SK Hynix plans to use the 40 trillion won raised from this IPO for future wafer fab investments. However, the analyst noted that the primary purpose of the IPO is to boost the company’s valuation, rather than to address urgent financing needs. Valuation multiples for South Korean memory chip companies have long been lower than those of their U.S. counterparts, and SK Hynix’s current cash reserves are expected to be sufficient to meet its investment needs.
Morningstar projects that SK Hynix’s earnings before interest, taxes, depreciation, and amortization (EBITDA) will reach 317 trillion won in 2026 and 474 trillion won in 2027, far exceeding the amount raised in this offering. Therefore, the actual contribution of this fundraising to capacity investments is relatively limited; it is more symbolic in nature, though the intended use of the funds remains reasonable.
Looking ahead, Morningstar believes that the earnings outlook for memory chip manufacturers is highly unpredictable, and SK Hynix’s ADRs and South Korean-listed shares may continue to experience significant volatility; therefore, it maintains its “Extremely High Uncertainty” rating for the company. (Jin Shi)
22:55
A whale that held ETH for four years incurred a loss of $23.8 million and deposited 9,389 ETH into Coinbase Prime.
Svmuu News: According to Lookonchain’s monitoring, a whale received 9,389 ETH four years ago, worth $40.47 million at the time when the price of ETH was $4,311, and has held onto them ever since.The current price of ETH is $1,777, making these 9,389 ETH worth $16.69 million. Ten hours ago, the whale deposited all 9,389 ETH into Coinbase Prime.
22:51
Ark Invest increased its holdings of SpaceX and Block stock by approximately $26.95 million yesterday.
Svmuu News: Ark Invest, led by Cathie Wood, increased its holdings of SpaceX by 153,249 shares yesterday, worth approximately $21.32 million, and increased its holdings of Block by 71,618 shares, worth approximately $5.63 million.
22:44
South Korea's KOSPI index has fallen back below 6,600 points, with SK Hynix currently down 4.33%
Svmuu News: According to Gate data, South Korea’s KOSPI index has fallen below 6,600 points, down 3.1% on the day, with SK Hynix currently down 4.33%.
22:36
Bitget Launches 4 Stock Perpetual Contracts, Including BOT and INTW
Svmuu News: According to an official announcement, Bitget has launched BOT (RoboStrategy Robot Strategy Fund),INTW (GraniteShares Intel 2x Long Daily ETF), SNXX (Tradr 2x Long Daily ETF), and XBI (SPDR S&P Biotechnology Index ETF)—four equity and ETF perpetual contracts.
All of the above contracts are settled in USDT, support up to 20x leverage, and are available for trading 24/7.
22:32
The crypto market is broadly down, with the DeFi sector falling more than 3%
Svmuu News, July 14: According to SoSoValue data, the crypto market saw a broad-based pullback, with the DeFi sector down 3.28% and Hyperliquid (HYPE) down 5.59%. DeXe (DEXE) fell 10.93%, but Beldex (BDX) and Velvet (VELVET) bucked the trend, rising 16.24% and 18.46%, respectively. Meanwhile, Bitcoin (BTC) fell 1.71%, dropping below $63,000; Ethereum (ETH) fell 1.48%, dropping below $1,800.
In other sectors, the Layer 2 sector fell 0.12% over the past 24 hours, while Polygon (ex-MATIC) (POL) held up relatively well, rising 2.67%; the CeFi sector fell 1.21%, with Cronos (CRO) down 2.64%; the Meme sector fell 1.76%, with SPX6900 (SPX) down 8.38%; The Layer 1 sector fell 2.20%, while NEAR Protocol (NEAR) rose 2.94% during intraday trading; the PayFi sector fell 2.36%, but eCash (XEC) rose 17.48%.
Crypto sector indices reflecting historical performance showed that the ssiDePIN, ssiAI, and ssiDeFi indices fell by 3.68%, 3.60%, and 3.46%, respectively.
The crypto market is broadly down, with the DeFi sector falling more than 3%
22:32
Iran's Revolutionary Guard Launches Operation Nasr 2
Svmuu News: On July 14, Iran’s Islamic Revolutionary Guard Corps (IRGC) announced that, in response to the enemy’s latest acts of aggression, it had launched strikes under the code name “Nasr 2” targeting multiple ammunition depots, a satellite communications center, and buildings housing U.S. troops within Bahrain, and claimed to have inflicted significant losses on the enemy. The IRGC stated that the retaliatory strikes are still ongoing.
22:29
Binance "Smart Money" in the futures market incurred a paper loss of $2.091 million on its long position in M, topping the 3D loss list.
Svmuu News: According to monitoring by on-chain analyst Ai, the “Yu Yu M” smart money position in the Binance contract has incurred a floating loss of $2.091 million, topping the 3D loss rankings.It holds 7,462.68 SKHX, valued at $11.03 million, with an entry price of $1,477.89, resulting in an unrealized loss of $1.954 million;It holds 25,733.63 SKHY, valued at $4.045 million, with an entry price of $157.22, resulting in an unrealized loss of $137,000.Their margin is sufficient, with forced liquidation prices of $756 and $27.59, respectively, and there is currently no risk of liquidation.
22:15
Upbit's 24-hour trading volume rose 1,016.4%, with a total trading value exceeding $4.142 billion
Svmuu News: As the South Korean stock market plummeted, Upbit’s 24-hour trading volume surged by 1,016.4%, with a total trading value exceeding $4.142 billion.
22:13
A new address withdrew 37,000 ETH from Gemini and staked it on the Ethereum 2.0 Beacon Chain, worth $65.66 million
Svmuu News: According to on-chain analyst Ai, a new address withdrew 37,000 ETH—worth $65.66 million—from Gemini 10 hours ago and subsequently staked the funds in batches on the Ethereum 2.0 Beacon Chain.
22:11
Mbappé vs. Yamal: predict.fun currently puts the probability of “France defeating Spain” at 42%
According to PPP prediction market tools, in the “World Cup Semifinal: France vs. Spain” prediction event on predict.fun, the probability of a France victory is currently reported at 42%; the probability of a draw is currently reported at 30%; and the probability of a Spain victory is currently reported at 30%. This market refers only to the match result within the first 90 minutes of regulation time (including injury time).
At 3:00 a.m. Beijing time tomorrow, France will face Spain in the World Cup semifinals. France has maintained its status as a powerhouse throughout the knockout stage, demonstrating consistent ability to advance against opponents such as Morocco and Paraguay. The attacking prowess of forwards like Mbappé and Dembélé remains key to France’s ability to break open matches.
Spain, however, represents one of the toughest challenges France has faced in this World Cup so far. The team excels at ball possession and midfield pressure, while wingers like Yamal and Nico consistently create threats. For France, the key to winning this match within 90 minutes lies in their ability to withstand Spain’s midfield pressure and truly capitalize on their speed on the counterattack.
Join the PPP push notification community to stay one step ahead and seize the initiative.
22:08
Ark Research Director: Only 0.15% of the revenue generated by Robinhood Chain goes to Ethereum
Svmuu News: Lorenzo Valente, Director of Cryptocurrency Research at Ark, posted on X stating that the Robinhood Chain is the clearest example for studying the evolution of the ETH economic model over time.
Since its inception, the Robinhood Chain has generated a total of approximately $816,000 in revenue;Arbitrum, as the middleware provider, took a 10% cut—approximately $80,000; Arbitrum then paid settlement fees to the Ethereum mainnet, totaling about $1,538. The profit distribution breakdown for this model is roughly as follows: Robinhood 89%; Arbitrum 10%; Ethereum 0.15%.
If your argument is that “ETH is a currency,” then Robinhood building a Layer 2 within the Ethereum ecosystem is a major positive. However, if your argument is that “ETH is an asset that generates income,” then this is an extremely negative scenario.
22:05
Analyst: Since their peak at Bitcoin, meme coins on the Binance platform have faced cumulative selling pressure of over $1.2 billion.
Svmuu News: CryptoQuant analyst Darkfost posted on X, stating that since Bitcoin hit an all-time high in October 2025, the cumulative net selling pressure in the meme coin sector on the Binance platform has exceeded $1 billion, with cumulative net trading volume reaching -$1.21 billion.
Darkfost noted that this reflects significant selling pressure on high-risk assets in the crypto market and indicates that the meme coin sector has been particularly hard-hit during market pullbacks. He also cautioned investors that this sector carries a high risk of capital loss.
22:00
Joseph Lubin: Ethereum's L1 revenue and expenses should remain low to promote growth
Svmuu News: Joseph Lubin, co-founder of Ethereum, posted on X stating that Ethereum L1 transaction fees should remain low to promote growth. Over the next 2 to 3 years, tens of thousands of businesses will operate on Ethereum L1, L2, and private, permissioned EVM networks such as the Besu chain.The currency premium will grow substantially, fee revenue generated by L1s from activity will increase significantly, staking and other forms of ETH locking will reduce the supply, and net ETH burns under ultrasonic monetary conditions will further enhance ETH’s value.
21:52
The Bank of Korea is expected to raise interest rates this week for the first time in more than three years.
Svmuu News: Economists expect the Bank of Korea to raise interest rates on Thursday for the first time in more than three years, with another hike expected before the end of the year. South Korea’s inflation rate rose to 3.2% in June, a two-and-a-half-year high, marking the fourth consecutive month it has exceeded the Bank of Korea’s 2% target. Inflation is expected to average around 3% in the second half of this year, paving the way for the start of a tightening cycle. Strong economic growth, rising housing prices, and persistently high household debt have provided policymakers with room to tighten monetary policy. South Korea’s economy grew at its fastest pace in nearly six years in the first quarter, and Bank of Korea Governor Shin Hyun-sung said that, given high oil prices triggered by the conflict in the Middle East, inflation is expected to exceed the central bank’s target for a considerable period, making an interest rate hike necessary.
In a survey conducted from July 7 to 13, all but one of the 37 economists polled expected the Bank of Korea to raise its benchmark interest rate to 2.75% on July 16. Most of the economists surveyed (28 out of 31) expect one more rate hike by the end of the fourth quarter, bringing the policy rate to 3.00%. One of them predicted the benchmark rate would reach 3.25%, while the other two predicted it would remain at 2.75%. The median forecast indicates that the Bank of Korea will raise the benchmark interest rate to 3.25% in the first quarter of 2027 and maintain it at that level at least through the end of next year, which is 25 basis points higher than the forecast in the May survey. (Jin Shi)
21:47
U.S. Senator: The Clarity Act Is the Only Feasible Way to Grant the CFTC Regulatory Authority Over Digital Asset Spot Markets
Svmuu News: U.S. Senator Cynthia Lummis stated that no administrative rule can grant the U.S. Commodity Futures Trading Commission (CFTC) regulatory authority over the digital asset spot market, nor can it grant the CFTC new sanctions authority against counterparties, nor can it protect developers from improper prosecution. Only Congress can achieve these goals, and the Clarity Act is the only viable path to achieving them.

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