Ethereum Co-founder: Ethereum Layer 1 should maintain low transaction fees, with tens of thousands of companies likely to deploy it over the next 2 to 3 years.

South Korean exchanges have implemented a suspension of algorithmic trading for the KOSDAQ. (Jinshi)

According to Bitget data, South Korea's KOSPI index plunged 4.00% intraday to 6534.34 points, with SK Hynix falling more than 7%.

According to Lookonchain’s monitoring, a crypto whale has held Ethereum (ETH) for four years, with an unrealized loss of $23.8 million (a 59% decline). The whale’s address 0xFe99 received 9,389 ETH four years ago when ETH traded at roughly $4,311, worth around $40.47 million at the time, and has not sold any of the holdings since. ETH is now priced at $1,777, bringing the value of those 9,389 ETH to approximately $16.69 million. The whale appears to have finally cut its losses, transferring all 9,389 ETH to Coinbase Prime roughly 10 hours ago.

AI oracle APRO, backed by YZi Labs, announced that Lista DAO has joined its Multi-Oracle Resilience Program (MORE), an initiative designed to eliminate the risk of single oracle attacks and boost price stability across the ecosystem. Under the partnership, APRO will provide Lista DAO with price feed services for Binance bStocks—Binance’s recently launched tokenized US stock products. The new coverage adds six trading pairs: MSFTB, METAB, LITEB, PLTRB, QQQB, SKHYB; existing pairs already listed include SNDKB, MUB, TSLAB, NVDAB, CRCLB, SPCXB, and other assets. APRO currently delivers the most comprehensive and stable price data support in the bStocks space, and will continue to expand integrations with more bStocks products while deepening its engagement in the BNB Chain ecosystem.

According to Bitget market data, Southern’s 2x long position on SK Hynix fell 11.5%, while its 2x long position on Samsung Electronics dropped 1.8%.

Investinglive analyst Eamonn Sheridan said the U.S. June Consumer Price Index (CPI) is expected to fall 0.2% month-on-month, the first decline since the pandemic, driven entirely by a 15% drop in gasoline prices from mid-May to the end of June. The annualized inflation rate is projected to slow from 4.2% in May to 3.8%. Core CPI is forecast to rise 0.2% month-on-month, with the annualized core inflation rate only edging down slightly from 2.9% to 2.8% in May. This means that even if headline inflation data improves nominally, the Federal Reserve has almost no basis to ease policy. This poses a dilemma for Waller, who is set to appear at a congressional hearing for the first time this week: he must demonstrate resolve to curb inflation without appearing overly hawkish, which would lead to excessive tightening of credit conditions. Meanwhile, the fragile Middle East ceasefire has brought two-sided risks to the energy price outlook, and this balance largely depends on how the Middle East situation evolves and its impact on oil prices. (Jin10)