Bank of Korea Warns Samsung, SK Hynix Leveraged ETFs May Exacerbate Market Volatility
According to South Korean media reports, the Bank of Korea (BOK) has warned that single-stock leveraged ETFs linked to Samsung Electronics and SK Hynix could further exacerbate market concentration, amplify market volatility, and strengthen one-sided trading capital flows. In a written response submitted to People Power Party lawmaker Park Sung-hoon, the BOK stated: “Given that Samsung Electronics and SK Hynix account for more than half of South Korea’s total stock market capitalization and trading volume, expanding investment in single-stock leveraged ETFs may further intensify market concentration.” The central bank noted that as corporate performance or market expectations shift, increased capital inflows and outflows could cause these products to amplify one-sided trading. Furthermore, if the market undergoes a correction, retail investors may face larger losses, while rising ETF redemptions or portfolio rebalancing could also exacerbate price volatility for the relevant stocks. According to Yonhap News Agency, the Bank of Korea plans to step up monitoring of the impact of single-stock leveraged ETFs on the stock market and financial system.
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Vessel numbers have plummeted in the Omani shipping lane of the Strait of Hormuz, as Iran continues to tighten control over the waterway.
According to agency reports, the number of vessels transiting the Strait of Hormuz along the Omani coastal route dropped sharply on Sunday. The day before, multiple vessels exiting the strait via this route abruptly turned around sharply, highlighting Iran’s continued tightening of control over this strategic waterway. A product tanker that turned back on Saturday appears to have attempted the transit again, and has now passed the northernmost tip of Oman’s Musandam Peninsula. Earlier, another product tanker transited the same route, publicly announcing its navigation intent, and is now broadcasting its position in the Gulf of Oman. Some other vessels opted for "dark transit" through the strait. A Suezmax crude oil tanker, after its last position broadcast in the Persian Gulf on Saturday, was spotted in the Gulf of Oman on Sunday. Between Friday and Saturday, at least 8 vessels abruptly turned around while transiting the Strait of Hormuz via the Omani route. Four of them subsequently altered course north, exiting the strait via the Iranian side’s channel. No official explanation has been provided for these vessels’ abrupt turnarounds. However, Iran has repeatedly stated in the past that vessels may only transit the Strait of Hormuz via routes designated and authorized by Iran. According to Kpler data, a total of 19 vessels transited the Strait of Hormuz in both directions on Saturday, but only 1 publicly indicated it would enter the strait via the Omani coastal route, compared to 13 vessels that used this route on Friday. The above statistics only cover observable navigation activities.
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Dave Portnoy, founder of Barstool Sports, stated he will hold onto Bitcoin even if it goes to zero, admitting he has repeatedly misjudged the timing of his Bitcoin trades.
Barstool Sports founder Dave Portnoy recently told Fox Business’ *Varney & Co.* that he will not sell his Bitcoin holdings even if the cryptocurrency drops to zero. He told host Stuart Varney, “I’m holding on forever, even if it goes to zero,” adding that he would rather “go down with the ship” this time than repeat his past mistake of selling only to see prices surge afterward. Portnoy admitted he bought Bitcoin at a high near $100,000 and is now sitting on millions in unrealized losses. He confessed that his Bitcoin trade is “the biggest mistake I’ve ever made,” noting that every time he sells, prices skyrocket, and every time he buys, prices drop. Notably, Portnoy has a history of controversial moves in the meme coin space: In February 2025, he launched the GREED token on Pump.fun, bought 35.79% of its total supply, then dumped all his holdings at once, causing the token to crash 99% while he pocketed around $258,000 in profits. After facing backlash, he released GREED2 and JAILSTOOL in succession, admitting during a live stream that he “did consider a rug pull, and might still be thinking about it.” He has also been involved in the collapse of the LIBRA token, which was endorsed by Argentine President Javier Milei: he bought $4.5 million worth of the token, later recovering $5 million in compensation. Earlier, he settled a lawsuit related to SafeMoon for $20,000.
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U.S. tech giants’ data center leasing commitments have hit an all-time high, reaching $850 billion.
U.S. tech firms have pledged a record $850 billion in data center leases, up $570 billion year-over-year (+204%) and $200 billion quarter-over-quarter (+31). Meta added roughly $79 billion in new data center lease commitments in Q1 2026, a 76% quarter-over-quarter rise, bringing its total to around $183 billion. Microsoft added about $41 billion, a 26% QoQ increase, pushing its total to roughly $197 billion. Oracle leads with a total commitment of approximately $250 billion, and has secured key data center resources for its partnership with OpenAI. This signals that demand for AI infrastructure is entering a long-term structural growth phase, with supporting industries like semiconductors, energy, and liquid cooling set to benefit continuously. Meanwhile, surging computing power demand may further exacerbate GPU supply shortages, providing support for AI concepts and valuations of related tokens.
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A crypto whale has executed its third ETH/BTC trade of the year, selling 4,695 ETH to purchase 133.8 BTC.
According to EmberCN’s monitoring, the ETH/BTC exchange rate has rebounded from a low of 0.0252 to 0.0285 over the past month. A whale that has accumulated 6,389 ETH (worth around $1.134 million) in coin-based profits via two ETH/BTC exchange rate trades this year executed its third such trade of the year today: selling 4,695 ETH at a rate of 0.0285 to receive 133.8 BTC. The whale is betting the ETH/BTC rate will weaken going forward, meaning ETH will post smaller gains or larger losses relative to BTC. On-chain data shows the whale’s prior two ETH/BTC swing trades this year both involved selling ETH at high rates and buying back ETH at lower levels, netting a total of 6,389 ETH. Details: In early January, it sold 22,345 ETH for 774 BTC, then repurchased 24,564 ETH by the end of January, earning a profit of 2,219 ETH. In mid-April, it sold 24,564 ETH for 784.7 BTC, and repurchased 28,734 ETH in early June, adding another 4,170 ETH in profit.
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