Trader Loracle holds SKHX with multiple losses of 193%, accumulating weekly losses of $7.3 million

According to Kim Ten, South Korean authorities will hold an emergency meeting on Wednesday (UTC+8) at 17:00 to discuss stock market volatility and measures to stabilize the market, chaired by Finance Minister Koo Yun cheol. The South Korean National Assembly held a hearing on the stock market crash, with lawmakers attributing the drop to a single stock leveraged ETF launched in May. Koo Yun cheol apologized at the hearing, acknowledging that regulatory authorities should conduct more thorough evaluations before product launches, and stating that leveraged ETFs are one of the factors causing market volatility. Koo Yun cheol stated that the authorities have implemented response measures and will take action if necessary to help the market return to normal.

On chain revenue platform Altura posted on X platform that its plan to purchase USDT through OTC has been blocked due to temporary restrictions on bank accounts. Altura has contacted the bank and is currently waiting for the review to be completed. Altura will temporarily suspend community chat to focus on resolving issues and will notify upon receiving official information. The screenshot shared by Altura shows that the frozen amount is approximately 16.446 million pounds, or 21.88 million US dollars.

According to Crypto.news, the cryptocurrency lending platform Nexo maintains operations in the European Economic Area through its German licensed partners Tangany and DLT Finance. Tangany provides digital asset custody services, while DLT Finance provides brokerage and transaction execution infrastructure, both of which hold MiCA and MiFID II authorizations. Nexo stated that Earn revenue products and encrypted mortgage loans are not within the scope of partner authorization and are independent products. The MiCA transition period ends on July 1st, and unauthorized encryption service providers must cease operations or transfer customers. Nexo's partnership model enables regulated services to continue operating.

OKX has announced the addition of SHIBUSDUM (X-Perp) and ZILUSDUM (X-Perp) to multiple services, including various trading services, officially launching on 2026-07-29 at 16:10 (UTC+8). Notes: - SHIBUSD UM (X-Perp) trading will open on July 29, 2026, at 16:10 (UTC+8). - ZILUSD UM (X-Perp) trading will open on July 29, 2026, at 16:20 (UTC+8). - X-Perp involves leveraged trading risks. Users are advised to fully understand and manage their positions responsibly.

CZ states that every country should have its own stablecoin to support its digital economy. （Cointelegraph）