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South Korea’s KOSPI index fell more than 7% intraday, while SK Hynix fell more than 10%.
PANews July 29 report: Bybit market data shows that South Korea’s KOSPI index is down more than 7% intraday, SK hynix is down more than 10%, and Samsung Electronics is down more than 6%.
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Binance will support the BNB Smart Chain (BEP20) network upgrade and a hard fork
Binance announced that BNB Smart Chain (BEP20) wallets will undergo maintenance on 2026-07-30 14:00 (UTC+8). Deposits and withdrawals will be paused at 13:55, and are expected to resume after about 1 hour. The network upgrade and a hard fork are also planned for 2026-08-25 10:30, with token deposits and withdrawals paused at 10:25 on the same day.
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A whale is in profit of over $10 million on an SKHX short position and has earned $1.23 million in funding rate income.
PANews, July 29: According to Lookonchain monitoring, as SKHX continues to fall, shorts have been raking in profits. Whale 0xEbE1 is up more than $10 million on SKHX short positions and has earned $1.23 million in funding fees.
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OceanBase, a database company backed by Jack Ma, is planning to raise RMB 2 billion to RMB 3 billion, strengthening its AI database lineup.
PANews, July 29—According to Bloomberg, OceanBase, a database company supported by Jack Ma, is currently in talks with investors about a Series A round, planning to raise about RMB 2 billion to RMB 3 billion (about $295 million to $443 million), to support the company’s independent operations and accelerate the development of its AI database business. OceanBase was originally developed in 2010 to meet the internal database needs of Ant Group, and it previously supported Ant Group in achieving a transaction processing capability of 500k transactions per second during major promotional events such as “Double 11.”
Insiders say that OceanBase is currently strengthening its AI analytics capabilities. In addition to processing structured data, it is also enhancing its ability to handle semi-structured and unstructured data such as video, with the goal of becoming a key infrastructure connecting enterprise data with AI models and AI agents. To support a future spin-off and listing, OceanBase has already been established in 2024.
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AI security company Cyera agreed to acquire Oasis Security for $1 billion
PANews July 29 news, citing Techcrunch, reported that on Tuesday, AI data security company Cyera announced that it has signed a letter of intent to acquire Oasis Security for about $1 billion. The transaction is expected to be paid mainly in cash, with the remainder paid in Cyera shares. Cyera recently completed a $600 million funding round at a $12 billion valuation.
Oasis focuses on non-human identity security such as AI agents. Founded in 2022, it has raised a total of about $195 million, with investors including Accel, Craft Ventures, Cyberstarts, and others. Cyera and Oasis share some investors. In recent times, Cyera has made consecutive acquisitions of Ryft and Genie Security. After the acquisitions, Cyera plans to integrate Oasis’s technology into a unified identity and data security platform. Cyera’s annual…
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RoboStrategy announces it will lead the $200 million Series C round of Standard Bots, valuing the company at $1 billion
RoboStrategy led the $200 million Series C round of Standard Bots, with a post-investment valuation of about $1 billion. Standard Bots redesigned its robotic arms, using AI to optimize components, joint torque sensing, and a 2 kHz real-time feedback closed-loop system that makes it easy to teach within a day. It adopts a US industrial supply chain. Its product line includes Spark, Core, Thor, and Bolt; Thor has a 30 kg payload and a 2 m radius. Core achieves higher payloads and tighter repeat positioning at a lower price point. The company aims to capture 10% of the US’s incremental industrial robot deployments within one year, and also strives to achieve US manufacturing of the full process from metal raw materials to robots by 2027.
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Citadel expects the US Federal Reserve to raise interest rates on Wednesday, while crypto analysts expect them to remain unchanged.
Citadel expects the U.S. Federal Reserve to raise rates by 25 basis points on Wednesday, even though most analysts expect it to stay unchanged; its macro head said the move would end forward guidance, push the market to price based on data, and highlight the Fed’s independence. CME FedWatch shows the probability of a rate hike rising to 35.8%, but the market mainstream still leans toward no change. Bitcoin has fallen from around $67,000 to below $64,000. Citadel said that given the rising oil prices and tensions involving Iran, a rate hike in July is more reasonable due to inflation pressures.
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CME1.82%
BTC1.07%
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A-share Changxin C rose sharply after midday, gaining more than 8% amid fluctuations, with turnover exceeding 30 billion yuan.
PANews July 29 news: Bybit market data shows that A-share company C Changxin surged up more than 8% after the afternoon session, with trading volume exceeding 30 billion yuan and closing at 50.99 yuan, for a total market value of 3.38 trillion yuan.
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Bithumb will launch RLUSD and AEON tokens on the KRW market.
PANews, July 29: According to an official announcement, the Korean crypto exchange Bithumb will list RLUSD and the AEON token on the KRW market. Trading is expected to open at 16:30 local time.
RLUSD0.02%
AEON29.47%
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KOSPI in South Korea narrowed its decline to within 8%, after having fallen more than 12% earlier.
PANews July 29 report: Bybit quotes show that the drop in the South Korea KOSPI index has narrowed to within 8%. Previously, the index had at one point fallen by more than 12%, breaking below 5,300 points, and accumulating losses of over 43% from its all-time high. SK hynix’s decline has narrowed to 15%; it had previously at one point fallen by more than 18%. Samsung Electronics’ decline has narrowed to 9%; it had previously at one point fallen by nearly 13%.
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BTC breaks through $64,000, up 0.12% during the day
PANews July 29 news: Gate.io OKX market data shows that BTC has just broken above $64,000 and is now trading at $64,003.20 per coin. The intraday gain is 0.12%.
BTC1.07%
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Morgan Stanley MSSE ETF was listed; Ethereum spot ETF had total net inflows of $14.53 million yesterday.
On July 28, Eastern Time, MSSE was listed on NYSE Arca, and the number of spot ETH ETFs increased to 11. Net inflows on the first day were $5.15 million, trading volume was $19.03 million, and total net assets were $6.18 million. ETHB saw a net inflow of $5.91 million in a single day, and historical net inflows of $529 million. As of the time of writing, total net assets of the spot ETH ETFs were $10.5 billion, the net asset ratio was 4.53%, and historical cumulative net inflows were $11.21 billion.
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ETH1.57%
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Selini Capital will transfer 495k HYPE tokens from unstaking redemptions into OKX, worth approximately $26.8 million.
PANews July 29 news. According to on-chain analyst Yu Jin monitoring, about 20 minutes ago, Selini Capital transferred 495k HYPE ($26.8 million) redeemed from staking on Hyperliquid to OKX.
HYPE-0.18%
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Nanfang doubled its long position on Hynix, which then plunged nearly 26%; since July, the drop has already exceeded 80%.
PANews July 29 news: According to Caixin/Finance and Securities Daily, the South Korean stock market weakened today, and the Southern Two Times Long leverage product on SK Hynix also fell sharply. As of the midday close of Hong Kong stocks, the product’s intraday decline was 25.72%, and its decline since July has already reached 81.05%. Eastmoney data shows that the product’s latest asset size was HK$31.92 billion, which has shrunk by 70% compared with its peak size. Another leveraged product under Southern Dongying that is linked to Korean chip stocks also fell sharply: as of the midday close of Hong Kong stocks, the Southern Two Times Long leveraged product on Samsung Electronics had an intraday decline of 16.56%, and a drop of 69.55% this month.
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Iran rejects the joint management plan for the Hormuz Strait region proposed by Oman
Iranian senior officials said Tehran has rejected Oman’s proposed joint management plan for the Hormuz Strait region, refusing to allow other countries to participate in management. They insist that only Iran and Oman, based on their respective shares of waters, decide the relevant arrangements, and that shipping routes entering the strait must be controlled by Iran. Although Iran views Oman as a valuable neighboring country, the 50-50 joint management does not align with its interests. The United States and Saudi Arabia are trying to pressure Oman to push forward its unrealistic plan.
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Core Scientific records a $41.9 million loss for terminating its BTC mining chip purchase contract with Block
According to Protos, Core Scientific terminated its BTC mining chip purchase contract with Block, ending with a $41.9 million loss; the company has already paid a $67.9 million advance as the loss. The termination stems from Core signing a 529-megawatt, 15-year lease with AMD, which is expected to generate more than $14 billion in revenue. Block’s mining chip business is one of several missteps; its stock price is down 68% over the past five years, Tidal wrote down $133 million, Cash App was fined $55 million for fraud, with a maximum compensation of $120 million.
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CORZ-0.04%
AMD-8.13%
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Upbit will list the META2 token on the KRW, BTC, and USDT markets.
PANews on July 29 reported that, according to an official announcement, the Korean crypto exchange Upbit will list the META2 token on the KRW, BTC, and USDT markets.
BTC1.07%
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Wall Street Morning News: Ahead of the FOMC, markets are panicking, and AI hardware such as semiconductors, memory, and optical communications continues to face “valuation sell-off”
Every Monday to Friday morning, we focus on macro, US stocks, AI, precious metals, and crude oil. We review the market with data and seize opportunities with trends—produced by PANews.
Last night, the Dow Jones Industrial Average closed up 1.03%, the S&P 500 closed up 0.21%, and the Nasdaq Composite closed down 0.22%. The market was buying “old economy” cash-flow plays such as Coca-Cola, Boeing, healthcare, financials, and industrials, while continuing to cut back on crowded AI hardware trades such as semiconductors, memory, and optical communications.
Ahead of the Federal Reserve decision and the earnings reports from tech giants, capital chose to “reduce duration, reduce crowding, and reduce narrative leverage.” The S&P 500 equal-weight index hit an all-time high, indicating that the broader market is not internally fragile—what is fragile is the hardware chain that had previously been pushed to the limit by the AI capital expenditure story.
The ceasefire narrative was pierced by missiles, and oil prices are once again carrying a war premium.
Just when the market once thought that between Iran and the US,
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South Korea plans to introduce stablecoin regulations, while the opposition pushes for the repeal of cryptocurrency taxes
The Korean FSC will push for a comprehensive bill on a Digital Assets Basic Act, covering stablecoins, exchange admission, disclosures, internal controls, and system resilience; meanwhile, the Congress has 10 other related bills pending review, with the main controversy focusing on whether stablecoin issuers need to be bank-controlled and whether there should be an upper limit on exchanges’ shareholdings. The Finance and Economy Planning Committee will review the crypto tax repeal bill proposed by the opposition, which aims to remove transfer/lending taxation provisions; tax will be applied starting in 2027 at 20% + 2% local tax on income above 2.5 million won.
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HSK Chain and Morpho announce strategic cooperation to co-build Asia’s leading on-chain lending ecosystem
HashKey’s HSK Chain has reached a strategic partnership with Morpho. Morpho will complete full-chain deployment on HSK Chain and become an official partner. The two sides will jointly develop on-chain lending and staking products for both institutions and retail users, as well as RWA on-chain (issuance/registration) products, advancing CeDeFi and global deployment. HashKey Capital made a strategic investment in Morpho, emphasizing improving capital efficiency through a layered architecture and responsibly advancing the development of on-chain financial infrastructure.
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HSK-0.01%
MORPHO1.90%
COIN0.20%
BTC1.07%
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