South Korea's Financial Services Commission has pushed back against claims that single-stock leveraged ETFs are the primary cause of stock market volatility. The regulator's response comes amid ongoing criticism from Seoul Mayor Oh Se-hoon, who accused the government of allowing leveraged products to destabilize the market.
Meanwhile, prediction market Polymarket shows a 35% probability that the CLARITY Act will be signed into law this year, up from previous levels. In other news, a whale has accumulated 220,000 HYPE tokens worth $14.85 million, currently facing an unrealized loss of $1.945 million.
An Argentine judge has ordered the freezing of wallets linked to the Libra project, involving $8.2 million in funds. Separately, a programmer holds a USB drive containing the private keys to 7,002 Bitcoin, valued at approximately $777 million, with only two password attempts remaining.
Binance will list the SPCXUSD1 perpetual contract on July 20 and has added Aerodrome (AERO) with a seed tag as of July 17. In traditional markets, Japan's Nikkei fell 4% while South Korean markets were closed. "Big Short" investor Michael Burry expressed optimism about Hong Kong stocks, suggesting buying opportunities after the AI hype cools.