KOL who claimed to have made 30 million yuan trading ByteDance stocks: Imbalance in the ratio between Korean stock leveraged ETFs and their underlying stocks triggered the plunge; he cleared his Hynix positions at the end of June.

According to Reuters' sources familiar with internal government discussions, Japan has no current plans to revise the target asset allocation of its national pension fund, but may increase domestic asset investments within the current floating range. Affected by this news, the yen and Japanese government bonds weakened again; the yen depreciated by as much as 0.4% to 1 USD = 162.36 JPY, with the decline only slightly eased after Chief Cabinet Secretary Minoru Kihara made additional remarks. At a Monday press conference, Kihara said the Government Pension Investment Fund (GPIF) reviews its portfolio annually and will launch a formal adjustment process if there are material changes to market conditions. The Ministry of Health, Labour and Welfare, which oversees the fund, declined to comment on the matter. Japanese Finance Minister Katsunobu Kato stated last Friday that the government will introduce supporting measures to encourage pension institutions including the GPIF to significantly increase their holdings of Japanese domestic financial assets. This comment quickly lifted the yen and Japanese government bonds, as markets bet that the GPIF – the world's largest pension fund by assets – would inject hundreds of billions of dollars into the domestic market. As of March this year, the GPIF's assets under management reached 293.6 trillion yen, equivalent to 1.81 trillion U.S. dollars.

On-chain all-asset trading platform Vanta has surpassed $100 million in cumulative trading volume just two weeks into its public beta. In response to community demands, the Vanta team has officially scrapped its exclusive invite code mechanism. Effective immediately, all users can log in and start trading without an invite code. Users participating in Vanta’s public beta will earn double points through July 15. After the beta concludes, the platform will launch weekly point rewards, distributed based on metrics including valid trading volume, fee contributions, liquidity provision, net deposits, and referral trades. Founded by core members from leading exchanges such as Binance, OKX, and Bitget, Vanta is a one-stop all-asset trading platform that combines CEX-grade trading experience, self-custody, and on-chain transparency. It covers asset classes including crypto, stocks, gold, forex, commodities, and indices, and has launched Smart Trading and AI trading assistant features.

Against the backdrop of the recent sharp decline in South Korea’s stock market, domestic independent global macro research firm Tantu Macro recently released a report stating that South Korea’s current financial risks share structural similarities with those before the 1996 Asian Financial Crisis (AFC): semiconductor exports account for 41% (compared to 16% in 1996), foreign holdings in the stock market hit a historical peak of 40%, and external debt-to-GDP rose to 39.6%. However, key differences exist: 1) the foreign exchange reserve adequacy ratio (ARA) stands at 92% (only 54% before the AFC), while the share of short-term external debt has dropped to 9.4% (from 11.5% pre-AFC); 2) the free-floating exchange rate has replaced the soft peg, reducing the risk of bank runs; 3) corporate leverage growth has slowed, and banks’ non-performing loan ratio is lower than during the AFC. Currently, risks are concentrated in the stock market: the KOSPI’s price-to-book ratio of 2x and price-to-earnings ratio of 30x are both record highs, and margin balance has doubled to 38.6 trillion won in a year and a half. The financial stability index shows overall risk is at the 62nd percentile historically (amber light zone), while the valuation dimension hits the 91st percentile. The report’s model estimates a 5% probability of South Korea falling into negative growth in the next year, but the risk of a vicious cycle is significantly lower than during the AFC, mainly due to enhanced foreign exchange reserve buffers and increased exchange rate flexibility—only three recessions of this magnitude have occurred in the past three decades. The core warning: If a semiconductor cycle reversal or Fed tightening triggers foreign capital outflows, the stock market could become a hub for risk transmission.

According to Lookonchain’s monitoring, a wallet linked to K3Capital withdrew 10,000 ETH (valued at $17.85 million) from Binance an hour ago. Abraxas Capital also withdrew 6,948 ETH (worth $12.42 million) from Binance and Bitfinex in the same hour.

According to Lookonchain’s monitoring, a trader has generated over $9 million in profits from Aster in less than a month, delivering an 806% return. The trader only executed one transaction: a 1x short position on ESPORTS. On June 18, the trader deposited 1 million USDT into Aster and opened a 1x short on ESPORTS. The trader has realized $4.28 million in profits by closing part of their position, and still holds 137.73 million ESPORTS short positions valued at $1.95 million, with an additional $4.77 million in unrealized gains. The trader later withdrew their initial principal of $1 million from Aster, leaving $9.05 million in the account as pure profit.

According to Iran's Mehr News Agency, explosions were heard near Iran's Bandar Abbas and Qeshm Island.