1. South Korean Stock Market Faces a “Bloody July”: 1.2 million investors hit their margin call thresholds, over 300,000 accounts were liquidated, the liquidation rate among adult investors reached as high as 1 in 30, and retail investors’ margin balances have evaporated by nearly 30 trillion won in the past half-month;
2. Robinhood Chain’s developer activity has risen to second place among public blockchains, trailing only Ethereum;
3. TD Cowen raised its target price for TSMC from $400 to $440;
4. The Financial Supervisory Service of South Korea will monitor brokerage firms’ margin trading and margin lending activities to prevent further losses among retail investors;
5. SK Group Chairman Choi Tae-won responded to the recent stock price decline, stating that the stock price will rise in the long term, supported by demand for memory chips;
6. The market capitalization of the Southern Double Long SK Hynix ETF has evaporated by over HK$80 billion in one month, retreating nearly 75% from its June high;
7. Australia will eliminate the 50% capital gains tax discount on cryptocurrencies in July 2027;
8. Spot silver fell below $55, hitting an 8-month low.