Odaily Planet Daily News: Lee Seung-ho, a 24-year-old South Korean college student, used a 5x leverage through a trading app, turning his 20 million won saved during military service into nearly 300 million won at its peak, about 15 times his initial principal. However, after a sharp fluctuation in the South Korean stock market in May this year, his brokerage firm triggered multiple margin calls, and all related gains evaporated within 4 weeks, with his account balance ultimately falling below the initial investment.

Lee stated that high leverage accelerates wealth growth, but continuously betting with full positions could ultimately lead to losses. According to data from the Korea Financial Investment Association, the balance of margin loans in the South Korean stock market reached a record 38.63 trillion won on June 24, and was still as high as 34.37 trillion won as of July 15.

Over the same period, the KOSPI index at one point more than doubled in 6 months but then experienced multiple declines of over 10% within a few weeks. South Korean regulators have announced a suspension on the listing of new leveraged ETFs linked to single stocks, stating they will strengthen risk control during periods of increased market volatility. (Reuters)

According to data from the Korea Financial Investment Association, as of July 16, the margin balance for financing stock purchases had fallen to 33.4 trillion Korean won (approximately US$22.6 billion), the lowest level since April 15. This figure represents a 13% decrease from the peak of 38.6 trillion Korean won at the end of June. Other data suggests that retail investors’ enthusiasm for stocks in South Korea may be cooling. According to the Korea Financial Investment Association, investor deposits fell to 108.1 trillion Korean won on July 16, down from a high of 139.7 trillion Korean won on June 4. (Jin Shi)

1. Ansem：本輪加密週期或迎來史上最大散戶參與，基礎設施與敘事已就位；

2. Coinbase CEO 澄清爭議：不會為 Meme 幣或項目站台，支持 Base 長期建設；

3. Polymarket 被曝半年內約 2 億美元押注具疑似內線交易特徵；

4. Dragonfly 合夥人：Meme 幣交易以散戶為主，不應呈現專業交易市場週末低谷特徵；

5. Strategy 上週未購買比特幣，美元儲備增加 2.25 億美元；

6. Bitmine 上週增持 7430 枚 ETH，以太坊質押量超 491.7 萬枚；

7. Tom Lee 回應 ETH 購買速度放緩：因進行大規模股票回購，購買節奏未變；

8. Strategy 比特幣持倉現浮虧 90.5 億美元，Bitmine 以太坊持倉浮虧 86.43 億美元；

9. 鯨魚「先定 10 個大目標」開始看多比特幣、看空 AI 美股；

10. 韓國信用卡行業穩定幣聯合測試將於 7 月底結束，卡企轉向差異化競爭；

11. AI 安全初創公司 Neo 完成 1 億美元融資，a16z 和 Bessemer Venture Partners 領投；

12. AI 基礎設施初創公司 Infinity 完成 1500 萬美元融資，Touring Capital 等參投。

Odaily Planet Daily News: The U.S. military has stated that the latest round of strikes against Iran has concluded. (Jin Ten)

Odaily Planet Daily News According to GMGN market data, the Robinhood ecosystem token PONS briefly surged past a $30 million market cap, currently standing at $29.54 million, with a 24-hour increase of over 74%, possibly influenced by attention from Robinhood co-founders.

Odaily Planet Daily reminds that this token is subject to extreme price volatility, largely driven by market sentiment and trending events, lacking substantial value support. Investors should be aware of the risks.

Odaily Planet Daily News, July 21 – Samsung Electronics announced that it will establish a robotics division.

Odaily Planet Daily News: According to data from MSX.COM, at the close of the US stock market, the Dow fell 0.59%, the S&P 500 fell 0.19%, the Nasdaq fell 0.05%, and the VIX panic index fell 0.64%. AI concept stocks rose broadly, with Ambarella up 6.24%, Teradyne up 3.54%, Atlassian up 3.37%, Marvell up 3.32%, and Baidu up 2.4%. It is reported that MSX is a leading RWA trading platform, which has listed hundreds of RWA tokens, covering popular US stocks and ETF token targets such as NVIDIA, GOOGL, MSFT, AMZN, META, TSM, AMD, etc.

Odaily星球日报讯 据 Gate 最新数据，黄金价格上涨至 4024.88 美元/盎司，日内涨幅达 0.37%。白银价格涨至 56.876 美元/盎司，日内涨幅达 0.89%。 BVIX（BTC 波动率指数）最新报价 36.9，日内涨幅为 0.27%。EVIX（ETH 波动率指数）最新报价 50.5，日内涨幅为 0%。 外汇方面，美元兑离岸人民币（USD/CNH）日内下跌 0.01%，当前汇率为 6.76797。美元兑日元（USD/JPY）日内上涨 0.03%，当前汇率为 162.533。 全球股指方面，欧洲 50 指数（EUSTX50）日内下跌 0.4%，报 6188.7 点；英国富时 100 指数（UK100）日内下跌 0.05%，报 10461.8 点；德国 DAX40 指数（GER40）日内上涨 0.12%，报 24710.6 点。 大宗商品方面，WTI 原油日内上涨 0.1%，报 83.13 美元/桶。布伦特原油日内上涨 0.06%，报 88.37 美元/桶。 Gate 支持用户在平台内直接交易传统金融市场产品，一站式覆盖贵金属、外汇、全球股票差价合约（CFD）、重要指数及大宗商品等多类资产，实现加密资产与传统金融资产的深度融合。Gate TradFi 相关功能已全面集成至 Gate App 及 Web 端，用户无需切换平台，即可便捷参与全球资产价格交易，在加密市场之外解锁更多策略与机会，持续提升多元资产配置体验。

Odaily星球日報訊 根據 SoSoValue 數據，昨日（美東時間 7 月 20 日）SOL 現貨 ETF 單日總淨流入 263.96 萬美元。

昨日僅 Bitwise Solana Staking ETF(BSOL) 淨流入，單日淨流入 263.96 萬美元，目前歷史總淨流入達 9.03 億美元。

截至發稿前，SOL 現貨 ETF 總資產淨值為 9.03 億美元，SOL 淨資產比率 1.99%，歷史累計淨流入已達 11.40 億美元。

According to Fox News, senior U.S. officials stated that President Trump is expected to decide within the next few days whether to expand military operations against Iran and resume full-scale combat. These officials emphasized that no final decision has been made yet. Officials said that if Trump orders a resumption of full-scale military action, its scale and intensity would be "far greater" than the U.S. airstrikes that began on July 7 and lasted for nine nights; the previous airstrikes primarily targeted Iranian military assets related to operations around the Strait of Hormuz. One official also confirmed that U.S. forces had largely avoided striking targets near Tehran or Iran's nuclear facilities. "If full-scale combat operations resume, this situation could change," the official said. (Jin Shi)

According to Odaily Planet Daily, crypto KOL Ansem posted on the X platform, stating that the number of community members building tools and products around ANSEM has far exceeded expectations. He noted that this process proves the value created by the community is greater than what the team itself anticipated.

Ansem stated that his primary role currently is to act as the "CTO" of ANSEM and to direct market attention to the token, while a large number of community members are independently carrying out development work around ANSEM.

Odaily星球日報訊 Dragonfly 合夥人 Haseeb 在 X 平台發文表示，針對 Pump.fun 收入曲線長期平穩的質疑，他認為該現象並不異常，遠看與整體加密現貨交易量走勢較為相似。

Haseeb 表示，部分用戶認為每日交易量過於平穩、缺少週末低谷，因此懷疑數據存在異常，但他認為這一觀點忽略了 Meme 幣市場的參與者結構。由於 Meme 幣交易主要由散戶驅動，不會像 Hyperliquid 等以專業交易員和對沖基金為主的市場一樣，在週末出現明顯交易量下降。

Haseeb 稱，用戶可以透過查看 Pump.fun 代幣發行前的收入數據驗證這一點，其收入穩定性此前也類似，並不意味著存在異常。此外，他表示交易終端和 Telegram 機器人交易量較高，因此其收入與 Pump.fun 本身不一定高度相關，而目前最大的交易終端 Axiom 的收入曲線與 Pump.fun 表現較為接近。

Odaily星球日報訊 a16z 表示，代幣化股票市值在 6 月底達到約 17 億美元，較一年前的 3.29 億美元增長超 5 倍，成為代幣化資產中增長最快的類別之一。與穩定幣不同，代幣化股票市值受新增發行和底層資產價格波動雙重影響，但數據顯示增長主要來自發行量擴張，超過半數市值來自一年前尚未上鏈的資產，且大部分新增餘額在年中到達，彼時底層股票的大部分價格變動已經發生。