Good afternoon News Roundup

1. South Korean stocks face a "bloody July": 1.2 million people hit margin call lines, over 300,000 accounts liquidated, with adult liquidation rate as high as 1/30, and retail investors' margin deposits evaporating nearly 30 trillion Korean won in the past half month;

2. Robinhood Chain developer activity rises to second among public chains, trailing only Ethereum;

3. TD COWEN raises TSMC's target price from $400 to $440;

4. South Korea's Financial Supervisory Service will track securities firms' margin trading and securities lending to prevent further losses for retail investors;

5. SK Group Chairman Chey Tae-won responds to recent stock price decline: Long-term rise supported by demand for memory chips;

6. CSI Two-times Long SK Hynix sees market cap evaporate over 80 billion Hong Kong dollars in one month, retreating nearly 75% from its June highs;

7. Australia to cancel the 50% capital gains tax discount for cryptocurrencies in July 2027;

8. Spot silver falls below $55, hitting an 8-month low.