Odaily News As of August 7, 194 listed companies on South Korea's KOSDAQ market had a market cap below the threshold for administrative stocks, accounting for 10.6% of the 1,820 listed companies on the exchange; the KOSPI market had 41 such companies. Since July 1, the market cap standard for KOSDAQ has been raised from 15 billion KRW to 20 billion KRW, and for KOSPI from 20 billion KRW to 30 billion KRW. Companies whose market cap remains below the standard for 30 consecutive trading days will be classified as administrative stocks; once classified, they must recover above the standard for 45 consecutive trading days within 90 trading days, or they will enter the delisting process.

In terms of stock price standards, 48 listed companies have disclosed the risk of being classified as administrative stocks due to their stock price remaining below 1,000 KRW for 25 consecutive trading days, including 38 on the KOSDAQ market and 10 on the KOSPI market. If these companies still do not have a trading day with a stock price reaching 1,000 KRW by August 12, they may be classified as administrative stocks starting from the next trading day. (NATE)

Odaily News JPMorgan Private Bank strategist Kriti Gupta stated that despite rising inflation pressures and interest rate headwinds, the S&P 500's upward trend is not over, with the index expected to reach approximately 8,200 points by mid-2027.

Gupta recommends focusing on U.S. growth stocks such as Microsoft and Amazon, noting that the U.S. market remains the most stable region for corporate profit growth. Gupta also advises maintaining a balanced portfolio, suggesting a combination of U.S. tech stocks, selective investments in Latin American growth assets, and a 5% gold allocation as a hedge. (The Street)

According to Odaily, based on OKX market data, TUT surged over 230% intraday, reaching a high of $0.13953 and is currently trading at $0.12846.

Odaily reported that Mike Dudas posted on X, stating that after receiving tokens gifted by the TOAD community—a Meme coin on Solana—he has continued to share related content and made small purchases of TOAD. He has no plans to sell these tokens, instead following Ansem's approach to encourage narrative dissemination. TOAD launched at 10 PM last night, reaching a market cap of $20 million before retreating to $12 million, with trading volume exceeding $52.1 million.

Odaily News Bitcoin nodes running BIP-110 rules have begun enforcing mandatory signaling mechanisms at block height 961,632. Latest data shows that BIP-110 miner signaling support fluctuates between just 0.3% and 2.6%, with no major mining pool publicly supporting the proposal. Nodes enabling BIP-110 enforcement rules are mainly operated by users running Bitcoin Knots software. These nodes subsequently reject blocks that do not emit signals, effectively isolating themselves from the Bitcoin main network.

It is reported that the BIP-110 signaling period will continue until Bitcoin block height 965,664, expected to conclude in approximately four weeks. At that point, the community will face the critical decision of whether to activate the proposal. If the 55% miner support threshold is reached during the signaling period, BIP-110's data limit rules will take effect at block height 965,664 and remain active for approximately one year, covering around 52,416 blocks.

Analysts point out that unlike the 2017 Bitcoin Cash fork, the BIP-110 split lacks substantial miner support and exchange infrastructure. If the number of nodes and hash power separating from the main chain proves insufficient, the forked chain could face severe block production speed issues. Since Bitcoin's difficulty adjustment mechanism relies on stable hash power, when a minority chain loses adequate miner support, block generation times could extend from the target 10 minutes to several hours or even days.

For Bitcoin Knots node operators who have already enabled BIP-110 rules, the current practical impact is that their nodes can no longer stay synchronized with the Bitcoin main network. Going forward, they will need to either disable the enforcement rules and resynchronize with the main chain, or continue running this independent network that lacks widespread support. (Cryptobriefing)

Odaily reported that a research paper published in the academic journal Review of Accounting Studies in March estimates that only 32% to 56% of U.S. cryptocurrency holders report their transactions to the federal government. The IRS requires brokers to send investors Form 1099-DA starting in the 2025 tax year, listing their total digital asset gains. Accountants say that determining the taxes involved in digital asset transactions has always been a complex task, often more difficult than calculating taxes on traditional financial assets such as stocks and bonds.

1. White House crypto advisor: If the CLARITY Act fails to advance by September 15, it may struggle to pass later;

2. Bitcoin BIP-110 supporters fork the chain, with only two new blocks generated on the BIP-110 chain so far;

3. Iran is close to reaching an agreement with Oman on managing the strait;

4. Musk: Starlink could carry over 50% of internet traffic long-term, with annual revenue potentially exceeding $1 trillion;

5. An Ethereum ICO participant deposited 0.1 ETH to Coinbase after 11 years of inactivity;

6. A suspected miner has deposited a total of 6,494 BTC worth $421 million to Binance over the past 20 days;

7. Credit risk for tech giants is rising, with Oracle's 5-year CDS surging 70 basis points year-to-date;

8. The most turbulent phase for Korean stocks may be over, as volatility drops to a two-month low after "deleveraging";

9. 186,000 SOL traded so far, with one address planning to go long 500,000 SOL via a TWAP strategy.

Odaily Planet Daily Report: "White-Haired Stock God" Serenity stated on the X platform that he remains bullish on memory stocks such as MU and Samsung. In addition, this week, the focus in the photonics sector has shifted back to AXT and Lumentum. The photonics industry has previously shown signs of supply tightness, with Coherent ($COHR) and Lumentum ($LITE) laser production capacity for the next two years already sold out. AAOI's recent earnings report also showed continued strong demand for optical modules.

Meanwhile, a large number of retail investors have been panic-selling in the storage sector. There are indeed some changes in the market at present, such as Nvidia's Rubin Ultra optimizing for memory, and memory prices no longer rising as significantly as previously expected. However, at current prices, the operating profit of storage companies relative to their market capitalization remains extremely compelling, especially given the structural growth in storage demand. Moreover, the supply-demand imbalance next year could become even more severe.

Serenity noted that the market tends to panic when an industry declines and follows new narratives. For example, helium during the Iran war, the LNG market, and SpaceX's earnings call, which once again emphasized storage supply tightness. Many times, industry bottlenecks and fundamentals haven't changed significantly, but market sentiment has already undergone a massive shift.

Odaily News Analyst Ali posted on the X platform, stating that the TD Sequential indicator has recently flashed two buy signals on Ethereum's monthly chart, namely "Black 9" and "S13." According to analysis, over the past four years, ETH's monthly TD Sequential signals have corresponded to trend reversals multiple times, including a 236% surge following the buy signal in September 2022, and a 258% increase after the buy signal in April 2025.

If this round of signals is confirmed, it could drive a new upward trend for Ethereum, with attention on the target price near $3,000.

Odaily News – The worst of the turmoil in South Korea's stock market may be over. The historic selloff has cleared leveraged positions, and regulatory restrictions have led to a sharp decline in trading of certain high-risk products. Last week, the Korea stock market volatility index fell to a two-month low, after hitting an all-time high in June. This stabilization is attributed to forced liquidations, which have helped reduce outstanding margin debt. Meanwhile, stricter regulations on leveraged ETFs have also reduced the trading volume and asset size of products linked to chip giants Samsung Electronics and SK Hynix.

These signs indicate that much of the excess capital that had amplified the recent sharp market swings through leverage has now been cleared. Morgan Stanley estimates that the deleveraging process is more than half complete. The KOSPI index has fallen nearly 40% from its June peak, while global funds have sold over $100 billion worth of Korean stocks this year, leaving emerging market funds with a weakened position in the country.

Odaily News: Memory chip maker SK Hynix is considering selling its stake in its Chongqing plant in China, and is exploring options including introducing external investors. The company has begun selecting advisory institutions. If a deal is reached, the plant's enterprise value is estimated at around $3 billion, with potential investors including Chinese funds and local enterprises.

Odaily News: Presentation startup NextSlide announced its integration into OpenAI, with team members now involved in ChatGPT-related work. NextSlide founder Ahmed Beshry stated that the company's previously developed product can generate editable presentations from prompts, notes, documents, or research materials. Beshry noted that upon joining OpenAI, the team will continue developing AI products that help users create, communicate, and express their ideas.

The financial terms of the transaction were not disclosed. Beshry indicated that the acquisition actually took place earlier this year, with this announcement coming several months after the deal was completed. (TechCrunch)