Following DeepSeek’s latest funding round, founder Liang Wenfeng’s net worth has surpassed Dario Amodei of Anthropic and Greg Brockman of OpenAI.

U.S. financial blog portal ZeroHedge noted in a post that as of July 13, South Korea had a total of 1.2 million retail leverage accounts that triggered margin calls, with approximately 320,000 to 360,000 of these accounts fully liquidated by securities firms, and some accounts still owed funds to the firms following the liquidations.

Robinhood Chain’s Launchpad platform NOXA announced that its web domain is currently offline. The team is testing a new ENS-based frontend interface, which is nearly complete. Once the new interface goes live, creators will be able to claim their creator fees via the frontend again. NOXA serves as the launchpad for CASHCAT, with cumulative protocol fees exceeding $14.5 million.

South Korea's stock market has seen intensified volatility recently, with risks from leveraged trading starting to surface en masse. According to data from FreeSIS, the Korea Financial Investment Association, the total value of actual reverse transactions conducted by South Korean securities firms for unsettled funds last week (July 6 to July 10) stood at approximately 324.095 billion won. This is about 32% higher than the average of roughly 244.921 billion won over the prior five weeks, marking a week of notable elevated pressure. Compared with the relatively calm week of June 15 to June 19, last week’s figure was roughly five times that level. In terms of daily data, forced liquidation pressure in South Korea’s stock market intensified significantly on July 9. That day’s actual reverse transaction value hit around 142.197 billion won, accounting for 10.2% of unsettled funds, the highest of the week. On July 10, the amount remained at approximately 81.613 billion won, with a 5.7% share. The three preceding trading days saw figures of 39.698 billion won, 31.741 billion won, and 28.846 billion won respectively. The so-called "reverse transactions" refer to cases where, after investors buy stocks using margin or unsettled funds, if they fail to top up funds in a timely manner, securities firms will forcibly sell the relevant stocks in accordance with rules. This data is not equivalent to the number of margin liquidation cases, but it reflects the scale of forced liquidation of leveraged accounts during market downturns. Analysts note that when the index experiences consecutive corrections and individual stock declines widen, margin accounts and short-term trading accounts are more likely to face margin calls or forced liquidation pressure. If market sentiment continues to weaken, reverse transactions could further amplify intraday volatility, creating a vicious cycle of "declines → forced liquidations → further declines".

According to an official announcement, Bithumb will list the DRV/KRW trading pair.

HSBC analysts stated in a research report that it is still premature to worry that the storage cycle has peaked. The analysts argue that as agentic AI boosts office productivity and reshapes workflows, the storage supercycle is likely to persist. Improving AI service margins continue to underpin robust cloud spending, and hyperscale cloud service providers are unlikely to slow their computing power expansion amid competition in the fast-growing market. As next-generation high-bandwidth memory HBM4 gradually enters the market, the upward trend in HBM product prices is expected to continue. Given SK Hynix’s large exposure to HBM, HSBC favors SK Hynix among South Korean tech stocks. HSBC projects that after HBM4 achieves large-scale adoption in 2027, SK Hynix is still expected to maintain a 50% to 55% share of the HBM market. (Jinshi)

According to Bitget data, South Korea's KOSPI index rose more than 1% intraday. SK Hynix gained over 3% after earlier falling more than 8%, while Samsung Electronics rose 4%.