SK Hynix ADR falls 10.4% in US pre-market trading

According to an official announcement, Binance will add SKHynix (SKHYB) bStocks tokens as eligible collateral assets in CrossMargin, PortfolioMargin, and PortfolioMarginPro at 13:30 UTC on July 13, 2026, and enable leveraged trading for the corresponding trading pairs. The feature is only accessible to users with VIP3 or higher status, and lending is not supported at this time.

Japanese convenience store operator Lawson plans to test yen-denominated stablecoin payments at its Lawson Takanawa Gateway City outlet in Tokyo this August. HashPort has signed an agreement with Lawson and KDDI to run the pilot program; participants will use HashPort’s non-custodial wallet, while stores process payments via HashPort’s checkout system, eliminating the need to create or manage a crypto wallet. Japanese payment company Netstars has launched Stablecoin Pay, opening applications for merchants seeking to accept multiple stablecoin payments. The service initially supports USDC and USDT on the Solana and Polygon blockchains, plus yen-denominated stablecoin JPYC, with MetaMask as a supported wallet and a 0.98% merchant payment fee. (Cointelegraph)

The protagonist behind the viral "ByteDance employee nets 30 million yuan from stock trading" story, Leto Bao, commented today on the ongoing slump in South Korean stocks, saying he fully liquidated his entire position in SK Hynix by the end of June. The reason: "The ratio of leveraged ETFs to their underlying stocks has become unbalanced, and a correction may be on the way. I need options for hedging, but South Korean stocks lack sufficient hedging tools in this regard, so I sold all my South Korean and Japanese stocks, keeping only U.S. equities, and bought some put options to hedge against risks." Leto Bao added that South Korean stocks will continue to fluctuate and weigh on the entire storage sector, with the turning point coming when the South Korean government starts tightening leveraged ETF regulations.

According to leaks from crypto KOL @amathxbt and others, Circle’s public blockchain Arc may have launched privately. Cross-chain protocols LayerZero and LI.FI have been deployed to the Arc network but have not been made publicly available for community testing. Per public information, Arc is a public Layer 1 blockchain positioned as the "Economic OS of the Internet," offering shared, composable infrastructure to support economic contracts, stablecoins, tokenized assets, and global market operations. In May this year, Circle officially released the ARC whitepaper, outlining its design framework for ARC as the native coordinating asset of the Arc blockchain network. Arc’s public testnet launched in October 2025, with its mainnet expected to go live in summer 2026.

Famed US stock short seller and Morgan Stanley chief strategist Michael Wilson and his team noted in their latest research report that the logic underpinning the US stock market is undergoing a profound shift: the baton of earnings growth is passing from tech giants to a broader set of market constituents. The median earnings per share (EPS) growth rate of components in the S&P 1500 Composite Index has surpassed 10%. Wilson attributes this broad-based rally primarily to the earnings resilience of midstream companies. Of particular note, the S&P 500 Equal Weight Index has begun outperforming its market-cap weighted counterpart for the first time since 2022. This signals that while tech giants are rallying sharply, traditional industries closely tied to macroeconomic growth are demonstrating stronger defensiveness and growth momentum.

According to market data from BIT (bit.com), US AI stocks were broadly lower in pre-market trading. Memory chip manufacturer Micron Technology fell 6.6%, while Nvidia dropped 2.16%. Storage stocks saw declines: SanDisk fell 6.5%, Seagate Technology dropped 5.4%, and Western Digital declined 6.6%. AI equipment makers also retreated, with Applied Materials (AMAT) down 4.72% and Lam Research (LRCX) falling 4.31%. CPO-related stocks moved lower in sync: LITE dropped 4.24% and AAOI declined 4.01%.