Suspected Sonic Labs-Related Address Transfers 11.78 Million S Tokens to Binance, Valued at Approximately $5.55 Million

According to South Korean media Hankyung, the South Korean KOSPI index fell 4.46% today, breaking below the 6,500-point mark since the end of April. In terms of capital flows, institutions recorded a massive net sell of 920 billion won, while individual investors and foreign investors posted net purchases of around 350 billion won and 510 billion won respectively. Selling pressure was mainly concentrated in semiconductor stocks, driven by leverage products, derivatives, and market stabilization program trading. The media conducted targeted interviews with heads of research centers at 18 securities firms; half of them (9) predicted the KOSPI’s downside support level would be between 6,000 and 6,500 points, while another 4 heads believed the support level would range from 6,500 to 7,000 points. However, some analysts argued the market bottom could be lower: one securities firm estimated the downside could reach as low as 4,600 points, while KB Securities forecast that in a worst-case scenario, the 6-month downside support level would drop to 4,500 points. As for the main cause of the correction, 10 research heads cited concerns over the peak of the semiconductor cycle (doubts about the sustainability of AI investment and memory demand) as the top factor, while another 7 noted that leverage factors cannot be ignored. Additionally, 6 securities firms (including Daishin, Samsung, Hana, IBK, SK, and KB) projected a rebound within July, but it would not replicate the strong performance seen in the first half of the year.

According to The New York Times, the Pentagon has concealed dozens of U.S. military casualties in the Iran War.

According to monitoring by Onchain Lens, a trader has opened a 40x short position worth $10.4 million in Bitcoin. Additionally, he holds a 10x short position worth $463,000 in ZEC.

According to an official announcement, Bitget’s trading bots now support smart positions for US stock tokens (rTokens), with multiple recommended portfolios launched simultaneously—including holdings of the US Mag 10 (top 10 US tech giants), renowned retail stock trader Serenity, and Elon Musk-themed concepts. The feature enables users to copy positions with one click and manage their portfolios automatically. Users can access the "Trading Bot" section, select "Smart Positions", pick a desired portfolio from the recommended list, input their investment amount to complete position setup. Alternatively, they can create custom positions manually by configuring supported stock rTokens and cryptocurrencies, setting target allocations for each asset and rebalancing conditions, then finalize the creation. App users need to update to the latest version to access this feature. rTokens, identified by the prefix "r" plus the stock ticker (e.g., NVIDIA’s rNVDA), are issued by Reality, Bitget’s licensed Real World Asset (RWA) protocol. Via a partnership with regulated brokerage Alpaca, the tokens connect directly to global liquidity pools including the Nasdaq and New York Stock Exchange. Key features include: 1:1 reserve backing for underlying assets held by licensed custodians; stock dividends distributed 1:1 in token form; support for corporate actions (such as stock splits and consolidations) with real-time mapping; and positions can be used as combined margin for unified accounts and USDT-denominated contracts, allowing users to flexibly manage their funds while holding global stock assets.

edgeX officially announces the launch of its V1 to V2 version migration. Once the migration is complete, users will be able to use native USDC to participate in the new USDC Rewards Vault incentive program. The program is jointly launched by edgeX, the USDC ecosystem, and on-chain risk management firm Gauntlet, with a total reward cap of 50 million USDC. During the event, users depositing USDC can earn a maximum combined annual return of approximately 7%, broken down into: a 4% annual USDC yield, plus an additional 3% annual EDGE reward. This migration will further advance edgeX’s upgrade to a native USDC settlement system, delivering a more stable and efficient capital usage experience for users. The event is time-limited and will close once the deposit cap is reached.

According to an official announcement, Binance Leverage will delist multiple trading pairs at 06:00 UTC on July 24, 2026. The affected pairs include cross-margin trading pairs CYBER/USDC, DOLO/USDC, PIXEL/USDC, STEEM/USDC, and isolated-margin trading pairs DOLO/USDC, PIXEL/USDC, STEEM/USDC. Binance will suspend lending for the aforementioned isolated-margin trading pairs starting at 06:00 UTC on July 21, 2026. At 06:00 UTC on July 24, 2026, the exchange will close user positions, automatically settle trades, and cancel all open orders. Users are advised to close positions in advance or transfer assets to their spot accounts to avoid potential losses.