Odaily星球日报讯 The Financial Services Commission (FSC) of South Korea today announced the results of its virtual asset market supervision, stating that regulatory authorities have focused on cracking down on short-term manipulation, "pump and dump" schemes, and other activities that disrupt market order. Among the reported cases, price manipulation cases account for the majority. The FSC stated that since the implementation of the "Virtual Asset User Protection Act" two years ago, approximately 40 investigations into unfair trading of virtual assets have been completed, and over 30 cases have been reported or referred to judicial authorities, with the majority involving price manipulation.

In addition, regulators have investigated cases involving short-term manipulation through the borrowing of API keys, price manipulation coordinated by project issuers, and large-scale "whale" manipulation linked to trading on overseas exchanges. Some fraud trading cases involve project teams disseminating false information via social media to attract investor buying, as well as arbitrage manipulation exploiting price correlations between USDT and BTC on exchanges.

To date, South Korean regulatory authorities have referred 25 suspected offenders to judicial authorities, with an average illegal profit of approximately 1.4 billion KRW per case. Among these, there are 8 cases involving illegal profits ranging from 500 million to 5 billion KRW, and 1 case involving profits exceeding 5 billion KRW. Due to the distinct characteristics of short-term manipulation, the virtual assets involved in each case average about 8 different coins.

In terms of recovering illegal proceeds, South Korea's financial regulatory authorities have imposed fines in 2 cases, including 1 fraud trading case and 1 price manipulation case, with fines amounting to 125% to 165% of the illegal profits obtained.

The FSC stated that it will further strengthen market monitoring capabilities by introducing an AI-based virtual asset supervision system, including real-time market monitoring, second-level price manipulation analysis, and automatic identification of suspicious accounts and trading intervals, to enhance early detection of abnormal transactions. Additionally, South Korean regulatory authorities plan to introduce a mechanism for freezing accounts holding illegal proceeds, as well as a reporting and reward system for unfair trading, in future digital asset-related legislation to further improve the regulatory framework for the virtual asset market. (KBS)

Odaily Planet Daily reported that the U.S. Central Command stated that at 11:30 p.m. on July 18 (Eastern Time), under the direction of the Commander-in-Chief, it completed another round of strikes against Iran. During the eighth consecutive night of airstrikes, Central Command forces successfully struck Iranian military coastal surveillance and air defense facilities, maritime operational capabilities, as well as missile and drone storage sites, in a continued effort to degrade Iran's military capabilities. The U.S. military also targeted the Islamic Revolutionary Guard Corps forces, following their attack on U.S. service members in Jordan on July 17. Currently, over 50,000 U.S. male and female service members are deployed in the Middle East, maintaining a high state of alert, focus, lethality, and readiness. (Jinshi)

Odaily Planet Daily News: The South Korean Ministry of Finance stated on Sunday that it plans to allow foreign financial institutions to borrow Korean Won through temporary overdrafts and permit them to use Korean Won-denominated bonds as collateral in financial transactions. These measures are part of an incentive policy aimed at encouraging the use of the Korean Won, seeking to transform it from a restricted local currency into a more global one. Since July 6, South Korea has extended the trading hours of the USD/KRW market to a 24-hour trading system, marking the opening up of South Korea's long-closed currency. (Jinshi Data)

Odaily Planet Daily News According to on-chain analyst Ai Yi's monitoring, an address (0xc36…e105B) opened a short position at $0.11899 on July 14, increased the position when the market cap fell below $100 million, and closed all positions early this morning at $0.05848, realizing a profit of $547,000 (including funding fee income) over four days, with a return rate of 35.5%.

Odaily Planet Daily News Analysis shared by blockchain analytics platform CryptoQuant on July 18 shows that Bitcoin short-term holder cost basis has fallen below the adjusted long-term holder cost basis, triggering a "bear market end" signal. The signal uses a 3-day confirmation window to compare the average purchase prices of short-term and long-term holders. 

The analysis shows that short-term holders refer to investors who have held Bitcoin for less than 6 months, while long-term holders refer to investors who have held Bitcoin for more than 6 months. The short-term holder cost basis has dropped from $112,500 to $69,000, reflecting that Bitcoin purchased within the past 6 months has changed hands at lower prices. The analysis states that the adjusted long-term holder cost basis excludes Bitcoin held for more than 7 years to reduce the impact of dormant supply. The current crossover is described as a change in the holding structure, pointing to the later stages of a bear market, but it does not confirm a market bottom or the start of a new bull market. 

The analysis also indicates that if the short-term holder cost basis rises back above the adjusted long-term holder cost basis, it will be consistent with the bull market confirmation signals seen in previous cycles. Until then, the signal only suggests that the Bitcoin bear market may be nearing its end.

Odaily Planet Daily News: According to Iranian media reports on the 19th, the commander of the Khatam al-Anbia Central Headquarters of the Iranian Armed Forces, Ali Abdollahi, issued a statement saying that the Iranian Armed Forces will deliver a "devastating response to any brutal acts" by the United States. Abdollahi warned the United States that day that any greedy, bullying, or brutal acts will be met with a "resolute and devastating response" from the Iranian Armed Forces. (Xinhua News Agency)

Odaily星球日報訊 「白毛股神」Serenity 在 X 平台發文表示，目前 SK 海力士美國存託憑證（ADR）$SKHY 較韓國本土股票存在超過 25%的溢價，而 ADR 與韓股之間的轉換機制將於 7 月 29 日正式開放，這可能為市場套利交易創造條件，並推動兩地股價價差收窄。

Serenity 指出，當前 SK 海力士中僅約 2.5%的股份屬於已流通的美國 ADR，未來還有約 22.5%的股份具備轉換空間。隨著轉換通道開啟，套利資金可能透過買入韓國本土股票並轉換為 ADR 的方式獲利，從而推動韓國股價上漲或對美股 ADR 價格形成壓力。

1. Iranian Armed Forces: Will launch a "devastating response" to US aggression;

2. Serenity: SK Hynix ADR trades at a 25% premium over its Korean stock; conversion starting July 29 may depress US stock prices;

3. The CLARITY Act has not advanced through the Senate a year after passing the House of Representatives;

4. Michael Saylor opposes BIP 110, stating that a soft fork threatens Bitcoin's neutrality rules;

5. Coinbase CEO: Self-custody is the only way for crypto to reach over 1 billion users;

6. Binance Wallet's Meme Rush now supports the Robinhood Chain Launchpad project;

7. Whale geminisat.eth transfers 19,200 ETH to Binance, realizing a profit of $1.4 million.