CBS: U.S. Treasury Secretary and Trump Once Had Heated Debate on Tariff Policy

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.

Samsung Electronics plans to sell its own shares valued at 323 billion won (approximately $216 million).