Odaily: On July 17, TD COWEN raised its target price for TSMC (TSM.N) from $400 to $440.
The PPP Prediction Market Tool monitors that in Polymarket's "2026 World Cup Third-Place Match: France vs. England" prediction event, a savvy whale address (0x1610db79f753a80207e1d66716be9e91e627ae49) that has profited over $480,000 purchased over $60,000 worth of England winning tickets, with an average opening price of 36¢.
France lost 0-2 to Spain in the semi-finals, ending their strong run in the knockout stages. England, meanwhile, fell 1-2 to Argentina. Although teams often have limited motivation in third-place matches, France's recent form and squad depth make them slightly favored. Given both teams' strong defensive organization, a draw is also possible. England has performed steadily overall, but their physical exhaustion and the emotional impact of their semi-final exit could influence the match's outcome.
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Odaily News The Financial Supervisory Service (FSS) of South Korea has requested financial institutions to enhance market stability and forward-looking risk management. In the stock market, the FSS announced it will track securities firms' margin trading and securities lending activities to prevent market volatility from expanding losses for individual investors. At the same time, for certain financial insurance companies facing potential solvency pressure, regulators plan to push them to reduce the risk of asset-liability duration mismatches.
Lee Chan-jin, Governor of the Financial Supervisory Service, stated that against the backdrop of heightened volatility in the South Korean stock market, ongoing tensions in the Middle East, and rising expectations of further interest rate hikes by the U.S., future financial market volatility may further expand. Relevant institutions need to be fully prepared and continue monitoring the operation of the 24-hour foreign exchange trading mechanism, as well as the financing and operational conditions of financial institutions. (EToday)
Odaily reports, according to Gate market data, the Nikkei 225 index has plunged 5% intraday, now at 63,481.92 points.
Odaily News: Iran's Islamic Revolutionary Guard Corps stated that it has launched an attack on the US military command center located in Al-Tanf, Syria. (Jin Shi)
According to SoSoValue data, yesterday (Eastern Time July 16), Ethereum spot ETFs saw a total net outflow of $28.0413 million.
The Ethereum spot ETF with the largest single-day net inflow yesterday was Bitwise ETF ETHW, recording a net inflow of $2.2772 million. The historical total net inflow for ETHW has now reached $384 million.
The Ethereum spot ETF with the largest single-day net outflow yesterday was Grayscale Ethereum Mini Trust ETF ETH, recording a net outflow of $14.2819 million. The historical total net inflow for ETH has now reached $1.800 billion.
As of press time, the total net asset value of Ethereum spot ETFs stands at $10.099 billion, with the ETF net asset ratio (market cap as a percentage of Ethereum's total market cap) reaching 4.47%. The cumulative historical net inflow has reached $11.042 billion.
Odaily reported that according to SoSoValue data, on July 16 (Eastern Time), Bitcoin spot ETFs recorded a total net inflow of $79.15 million.
The Bitcoin spot ETF with the highest single-day net inflow was Blackrock's ETF IBIT, which saw a net inflow of $33.4438 million. IBIT's historical total net inflow has now reached $60.353 billion.
Following that was Fidelity's ETF FBTC, with a net inflow of $30.7255 million. FBTC's historical total net inflow now stands at $9.974 billion.
As of press time, the total net asset value of Bitcoin spot ETFs is $77.72 billion, with the ETF net asset ratio (market value as a percentage of Bitcoin's total market cap) reaching 6.04%. The cumulative historical net inflow has reached $51.22 billion.
Odaily Planet Daily News: SK Group Chairman Chey Tae-won believes that SK Hynix's stock price will show a long-term upward trend, supported by memory chip demand. "Demand for memory chips is growing exponentially, which is why the stock prices of SK Hynix and Samsung Electronics have surged rapidly since last year," he said at a forum hosted by the Korea Chamber of Commerce and Industry on Friday. When asked about the recent stock price decline, he stated that stock prices typically rise in line with market expectations and then undergo corrections after a period of excessive gains. "I believe demand for memory chips will persist, so the stock price trend will show an upward trajectory over time," he added. Side note: On Thursday, SK Hynix and Samsung Electronics shares fell 12% and 8.8%, respectively, after South Korean authorities imposed restrictions on leveraged funds tracking chip manufacturers. (Cailianshe)
Odaily reported that on-chain analyst Ai Yi posted on platform X, stating that under extreme volatile market conditions, the narrative surrounding the Southern CSOP 2x Long Hynix ETF is collapsing. Its stock price has retraced nearly 75% from its June high, with its market capitalization evaporating by over HKD 80 billion in just one month. South Korean regulators have stepped in and emphasized "deleveraging." Taking the initial prices of both Hynix stock and the ETF at HKD 1 as an example: without any significant downtrend, Hynix stock fluctuated back and forth for 20 days, with daily price changes of plus or minus 10%. After 20 days, Hynix's final price was 0.9984, essentially returning to its starting point. However, the net asset value of the Southern CSOP 2x Long Hynix ETF was only 0.7978, suffering a loss of over 20%. Such 2x or 3x leveraged ETFs suffer from "volatility decay." To maintain the target of "2x daily returns," they need to rebalance their positions after market close each day, meaning buying more when the price rises and selling more when it falls. The Southern CSOP 2x Long Hynix ETF has now fallen back to its price level as of April 30, when Hynix's underlying stock was priced at KRW 1.3 million. In contrast, after several rounds of decline, Hynix's current stock price still stands at KRW 1.65 million.
