According to a report by Jin Shi, the South Korean stock exchange suspended trading for 20 minutes due to the triggering of circuit breakers caused by an 8% drop in the KOSPI index.
According to TechCrunch, nuclear startup Antares Nuclear has completed a $470 million Series C funding round, led by Paradigm and Caffeine Capital, with participation from Industrious Ventures, Point72 Ventures, and Shine Capital. The funding includes $370 million in equity and $100 million in debt. Antares Nuclear is developing small modular reactors with power ranging from 100 kW to 1 MW. The company is one of the three nominees for the US Department of Defense's advanced nuclear power plant project, with plans to launch the first power generation reactor next year and deploy it to US military bases in 2028.
BBX News: Yesterday, global listed companies released extremely heavy strategic actions in the expansion of their encrypted treasury and the battle for underlying technology property rights. Abandoning short-term capital speculation, listed entities are completing the ultimate certification of the Web3 era by investing heavily in spot goods and acquiring patents from traditional technology giants ——Breaking through the Treasury Barrier: Strike (NASDAQ: $ASST) achieved a strategic reserve milestone of 20000 BTC, holding 154 million fiat currency liquidity, demonstrating strong defensive resilience in building positions. ——Intellectual Property Monopoly: Circle (NYSE: $CRCL) acquires nearly a thousand core patents from IBM, becoming the entity with the highest number of blockchain patents in the United States and strengthening the USDC infrastructure barrier. ——Interest generating Treasury: Bitmine Immersion Technologies (NYSE: $BMNR) has locked in 4.8% of the entire network's ETH supply, achieving asset self proliferation with $254 million in annualized pledge income. ——Dual core strategy promotion: The9 (NASDAQ: $NCTY) anchors 1686 BTC positions and collaborates to promote the cross-border transformation of AI computing power and platform business. The market presents a clear dual evolutionary trend of "top tier treasury accelerating into the 20000 dollar holding club" and "compliant stablecoin giants using traditional technology giants' intellectual property to establish absolute technological barriers". Source: bbx.com
[Former Incheon Mayor Yoo Jeong-bok Suspected of Concealing 21,000 Units of Crypto Assets, Subject to Police Search] According to Yonhap News Agency, the Anti-Corruption and Economic Crimes Investigation Unit of the Incheon Metropolitan Police Agency conducted a search on July 27 at the residence of former Incheon Mayor Yoo Jeong-bok and the General Affairs Division office of the Incheon City Government. Yoo Jeong-bok and his wife are accused of transferring 21,000 units of crypto assets to overseas exchanges and deliberately concealing them in the property declaration for candidates during the June 3 local elections. The Incheon City Election Commission determined that the assets declared in his election bulletin were approximately 78 million KRW less than his actual assets, issued a correction notice, and submitted an additional complaint. The police have since questioned Yoo Jeong-bok, his wife, and the informant.
SKHX on Hyperliquid experienced a sudden drop of 17.9%, driving the platform's clearing amount to surpass Binance in the past 4 hours. In the pre-market of NXT in South Korea, SK Hynix had one stock trading at a price of 1.272 million Korean won or approximately 867 US dollars, causing the stock price to drop by about 30% and triggering a suspension of trading. The price of Hyperliquid's oracle machine followed the decline, driving SKHX contract prices to plummet, and related prices on Binance fell due to arbitrage trading.
CryptoQuant analysis shows that the total inflow of Binance BTC Whale on the 30th was 3.9 billion US dollars, a decrease of 44.3% from the peak of 7 billion US dollars on June 12th; The inflow of retail investors was 7.8 billion US dollars, a decrease of 22% from 10 billion US dollars on June 5th. The inflow of retail investors was about twice that of the whale, with a gap of 3.9 billion US dollars. This divergence coincides with the eve of the Federal Reserve's FOMC meeting on July 28-29, with a probability of a 25 basis point rate hike in federal funds futures pricing at around 36%, and a more likely scenario of maintaining the target range of 3.50-3.75% unchanged. The unexpected interest rate increase may support the yield of USD and treasury bond bonds and increase the volatility of risky assets. If the suspension of interest rate increase is accompanied by the dove guidance, it may alleviate the macro pressure.
