Agent of BTC OG Insider Whale: South Korea’s stock market may create buying opportunities after significant deleveraging

On the Hyperliquid platform, the combined 24-hour trading volume of SK Hynix-related contracts SKHX and SKHY has reached $1.836 billion, surpassing BTC to become the platform’s top active asset by trading volume. Specifically, SKHX posted a 24-hour trading volume of $1.63 billion, with open interest (OI) of $635 million; SKHY recorded a 24-hour trading volume of $206 million, and its open interest stood at $101 million. As of now, SKHY still carries a roughly 26% premium over SKHX.

US President Donald Trump said the U.S. should control and operate the Strait of Hormuz, and is considering charging passing vessels a fee equivalent to 20% of the value of their cargo to compensate for the cost of maintaining security in the strait. Separately, Trump noted that the U.S. may continue military operations against Iran, with U.S. forces carrying out airstrikes on Iran for the third consecutive night. Analysts pointed out that against the backdrop of the Strait of Hormuz’s navigation not returning to normal and the U.S. being in its summer peak travel season, the U.S. Strategic Petroleum Reserve (SPR) and commercial crude oil inventories will likely continue to decline, further supporting rises in international oil prices. In the week ending July 3, the U.S. SPR fell to 319.5 million barrels, the lowest level since 1983, and only slightly above the recommended safety floor of around 250 million barrels. Market players believe that if the Strait of Hormuz remains disrupted for a long time, even with relatively sufficient domestic crude oil supply in the U.S., global benchmark crude oil prices may continue to rise, further pushing up inflationary pressure and increasing the likelihood that the Federal Reserve will maintain high interest rate policies. Iranian Foreign Minister Abbas Araghchi responded that any party ensuring safe passage through the Strait of Hormuz should be compensated, but deemed the 20% fee rate too high.

According to Bitget market data, Japan’s Nikkei 225 index closed up 500.77 points today, rising 0.74% to 67,743.50 points. Individual stocks: Kioxia gained 5.3%, SoftBank rose 2.2%. South Korea’s KOSPI index closed up 49.9 points, or 0.73%, at 6,856.83 points, after falling more than 5% intraday. South Korea’s KOSDAQ index closed down 1.92%, having dropped over 5% during intraday trading and triggering the program trading suspension mechanism. On the individual stock front, SK Hynix closed up 3.6%, Samsung Electronics rose 3.3%.

SoftBank Group founder Masayoshi Son stated that by 2040, global artificial intelligence (AI) infrastructure will require $5 trillion in annual investment to support the expansion of data centers, power supplies, and humanoid robots, thereby driving the shift from a "human-centric" work model to a new paradigm. He pointed out that as AI evolves into Artificial Superintelligence (ASI), the revenue generated will justify these massive expenditures. "AI will revolutionize our lives—and this transformation will bring profits," Son said. (Jinshi)

According to a report by The Korea Times, South Korea’s financial regulators will hold a high-level meeting on Thursday to discuss risks and countermeasures for single-stock leveraged ETFs. The meeting is expected to take place under the framework of the "F4 Meeting" — the South Korean government’s macroeconomic and financial issue coordination mechanism — with officials from the Ministry of Economy and Finance, Financial Services Commission, Financial Supervisory Service, and the Bank of Korea in attendance. Recently, volatility in South Korea’s stock market has continued to intensify, drawing growing attention from regulators and market participants to single-stock leveraged ETFs. Stakeholders believe these products have become a key factor driving sharp stock price fluctuations. An official with knowledge of the matter said regulators have been coordinating relevant plans internally in recent days, but no final policy direction has been set yet. Possible measures under market discussion include raising margin requirements, limiting daily price fluctuation ranges, and adjusting leverage multiples. However, regulatory officials noted that these measures may only provide temporary relief and cannot fundamentally resolve the structural causes of market volatility. (Jinshi)

According to an official announcement, Binance will conduct wallet maintenance for the Ethereum network (ETH) at 14:00 UTC+8 on July 16, 2026. To facilitate this maintenance, Binance will suspend ETH network deposit and withdrawal services starting at 13:55 UTC+8 on the same day. The maintenance is expected to take 1 hour, and deposit and withdrawal services will automatically resume after completion.