Federal Reserve Governor Jefferson: No Need to Hurry to Further Cut Interest Rates, Strong Economy Makes Caution Appropriate

An unprecedented stock market crash is pushing South Korean retail investors toward complex structured products. This group of risk-seeking investors continues to seek ways to boost returns. Equity-Linked Securities (ELS), which offer annualized coupons of 40% to 50%, have regained popularity among retail investors. In July, ELS sales rose to a more than three-year high, with products linked to Samsung Electronics and SK Hynix leading the way. Meanwhile, regulators are moving to curb retail investors' frenzied demand for single-stock leveraged exchange-traded funds (ETFs). These products are believed to have amplified market volatility during the 22% plunge in the benchmark Korea Composite Stock Price Index (KOSPI) last month. This indicates that one of the largest market crashes in recent memory has barely dented retail investors' risk appetite, only shifting the type of products they pursue. The recent market correction appears to have created an attractive entry point for ELS products. These securities pay coupons to investors as long as their underlying stocks or indices stay within a pre-set range, but they can also face significant downside risks if the market drops sharply.

According to monitoring by Onchain Lens, Wintermute currently holds open positions worth $160.03 million on Hyperliquid. Of these, short positions are valued at $146.19 million, while long positions total just $13.85 million. The positions have a combined unrealized loss of $3.66 million, but have earned $2.14 million in funding fee revenue. Still, Wintermute’s cumulative historical profits stand at $203.55 million.

According to an official announcement, Upbit will list FOLD trading pairs against KRW, BTC, and USDT.

According to GMGN data monitoring, the market cap of Solana-based Meme coin CATE has surpassed $80 million, currently trading at $80.26 million, with a 24-hour gain of over 48%. BlockBeats reminds users that most Meme coins lack practical use cases, exhibit high price volatility, and investors should exercise caution.

Eric Trump, the second son of Donald Trump, denied claims that Donald Trump would launch a new cryptocurrency token, stating that the related news is untrue and fraudulent.

According to Yu Jing’s monitoring, one hour ago, the team address of Meme coin TRUMP transferred 3.837 million TRUMP tokens (worth $9.33 million) to OKX via BitGo.