KOSPI Falls Over 4% as Trading Resumes After Holiday, Deepening Bear Market

South Korea‘s KOSPI index reopened lower on July 20, its first session since Friday’s Constitution Day holiday. The index slid as low as 6,498 points before paring some losses.  The drop pushed the index more than 25% below its June peak, meeting the threshold for a technical bear market. Chip-sector jitters compounded with an escalating US-Iran conflict to drive the slide.  Chip Stocks Swing Hard on Reopening  Samsung Electronics and SK Hynix stock both opened down more than 5% before foreign investors moved in. The Philadelphia Semiconductor Index shed 4.3% while Korean markets stayed shut for the holiday last Friday. Rising competition from Chinese AI models added further pressure on the memory chip trade.  After not trading last Friday, the Kospi returned today, dropping sharply from its last close. Image Source: Trading View  Foreign investors net bought 278.4 billion won ($187.1 million) in early trading, concentrated in electronics stocks. Retail investors net sold 300.8 billion won over the same window. Han Ji-young, a researcher at Kiwoom Securities, said the decline reflects how far leading stocks have fallen.  “Since July, the KOSPI has dropped by about 25% from its peak, entering a technical bear market. A sharp decline of 30–40% in leading stocks such as Samsung Electronics,

07-20انڈسٹری

Why is Silver gaining despite rising Fed rate hike bets?

Silver price (XAG/USD) gains ground for the second successive day, trading around $56.80 per troy ounce during the Asian hours on Monday. However, the non-interest-bearing white metal could face tough sledding ahead as United States (US)-Iran clashes drive oil prices higher, and resurfacing inflation risks are fueling expectations for Fed rate hikes.  The US has launched its ninth consecutive night of strikes against Iranian targets. In response, Iranian officials declared that the ceasefire between the two nations has been effectively abandoned, opening the door for deepening disruptions to crucial energy pathways through the regions narrow waterways.  The conflict has rapidly intensified across the region, triggering air raid sirens in Bahrain after Iran launched a fresh wave of ballistic missiles and one-way attack drones targeting sites across Bahrain, Jordan, Kuwait, and Iraq. Meanwhile, the US military reported the death of a third service member within the span of two days amid the ongoing exchanges.  The violence has also expanded beyond strictly military targets to hit critical infrastructure, with bridges, utilities, and port facilities coming under fire. Over the weekend, Kuwait Petroleum Corp. confirmed that an Iranian strike struck one of its oil facilities on Saturday.  While the central bank is widely expected to hold interest

07-20انڈسٹری

Record U.S. Margin Debt and Bitcoin Risks

U.S. margin debt hit a record $1.42T, raising leverage concerns as investors assess potential risks for Bitcoin and crypto markets.  Record levels of U.S. margin debt have renewed attention on market leverage as investors monitor Bitcoin and the broader crypto market.  Fresh data shows borrowing against stock portfolios climbed to new highs in May, while investor cash buffers continued to shrink.  The trend has sparked discussion across financial and crypto communities about potential risks if markets reverse.  U.S. Margin Debt Hits New High as Investor Leverage Climbs  FINRA data shows U.S. margin debt reached $1.42 trillion in May 2026. That marked a 53.7% increase from the same month last year.  It also represented one of the fastest yearly increases on record. The latest figures place margin debt at roughly 4.44% of U.S. GDP.  Some market researchers view that as the highest reading in the historical dataset. Others dispute that comparison, arguing GDP is not the right benchmark for measuring borrowed investment capital.  The debate has created two competing views of the same data. One group sees the record as evidence of elevated market leverage.  Another argues adjusted measures paint a less extreme picture than previous market peaks. Bitcoin News highlighted the discussion in a post on X.  MARGIN DEBT HITS

07-20انڈسٹری

Allbridge Core Pauses Protocol After Attacker Drains More Than $1 Million

Allbridge Core paused its protocol after an attacker exploited its stablecoin liquidity pools, with blockchain tracker Onchain Lens estimating losses exceeding $1 million.   The incident adds to a growing number of attacks targeting crypto protocols, with exploits resulting in $57.8 million in losses in July 2026.  How the Allbridge Exploit Unfolded  Onchain Lens reported that Allbridge Core suffered an exploit on Solana, resulting in losses of more than $1.1 million.  According to the firm, the attacker used a $1.12 million USDC flash loan from Kamino to manipulate the protocol‘s USDC/USDT stablecoin pool through a series of rapid swaps, distorting the pool’s ratios before withdrawing liquidity at inflated values.  The attacker repaid the flash loan within the same transaction. That move extracted roughly $1.1 million.  Onchain Lens added that the stolen funds were later routed through privacy protocols to obscure their movement. The post also identified the largest single withdrawal at $2.24 million USDC.  Follow us on X to get the latest news as it happens  Allbridge Seeks Recovery of Funds After Exploit  Allbridge paused the protocol as a precaution and opened an investigation. It said the imbalance briefly opened an arbitrage window for some traders. Allbridge asked traders who profited from the imbalance to return funds.  The team said

07-20انڈسٹری

Bitcoin Covered-Call Strategy Could Deliver 22% Yield in Range-Bound Market

Bitcoin News  Bitcoin (BTC) investors weathering a sideways market may be able to harvest an annualized yield above 22% by selling covered calls against their spot holdings, according to fresh research from asset manager Grayscale. Research head Zach Pandl, writing on 15 July 2026, argued that if Bitcoin has already found a durable bottom but drifts before its next leg higher, option premium income can generate returns while cushioning downside. Grayscale modelled a $65,000 spot price and 40% implied volatility through end-2026, producing roughly 22% annualized, a breakeven near $58,500, and outperformance versus spot up to about $72,500. Its BTCC covered-call ETF last traded at $13.04. See our Bitcoin hub for context.  Spot Bitcoin traded in a tight band near $64,564 on Monday, slipping about 0.35% over 24 hours as the market awaited a directional catalyst. The Fear the measure is symbolic and cannot block a presidential decision. Separately, the FTX Recovery Trust said it would distribute roughly $900 million to creditors in its fifth repayment round, bringing total payouts to about $10 billion since the 2022 collapse. Tokenized-stock market capitalization climbed to a record $2.3 billion as investors sought blockchain-based equity exposure, underscoring steady structural growth even amid a cautious bear

07-20انڈسٹری

Buy or Sell? What Michael Saylors Cryptic New Tweet Means for Bitcoin

Michael Saylor rattled the community cages on X once again with a cryptic post containing a graph showcasing his company‘s countless $BTC purchases completed over the past six years, with the text “What’s next?”  Although many translated this message as a new hint that Strategy has made a new bitcoin purchase, the reality from the past several weeks tells a different story.  Whats next? pic.twitter.com/bNl0xX0obw  — Michael Saylor (@saylor) July 19, 2026  Buy or Sell Next?  The firm‘s co-founder and former CEO has been publishing such posts for years. We didn’t pay much attention to them before, as they were always followed by a major purchase announcement on the next business day. However, this all changed a few weeks ago when, instead of bragging about the latest bitcoin acquisition, Strategy announced its biggest $BTC sale to date by disposing of over 3,500 units.  The perception changed immediately. It came just a week after the firm had launched the Digital Credit Capital Framework to enhance liquidity and long-term $BTC exposure. The idea was simple – the firm had a USD reserve of $2.55 billion, which was enough to cover 17.4 months of dividend payments. However, it wanted to raise that, and included potential $BTC sales of up

07-19

What Happens to Bitcoin if the Fed Raises Rates in July?

With the latest Consumer Price Index data for June already out, all economic eyes have now turned to the United States Federal Reserve and the upcoming FOMC meeting scheduled for the end of July.  Although inflation has cooled, there are still those pushing for an interest rate hike during the next meeting. The question is: what could happen to $BTC and its price stagnation if thats the case?  Big Macro Test Ahead?  The odds declined over the past week or so after the June inflation data showed a substantial drop to 3.5%. While that might be more misleading than it sounds, given the fact that oil prices are up in July due to the ceasefire breakdown, data from CME FedWatch show that experts believe theres an 85% probability that policymakers will leave rates unchanged. In contrast, the odds of a 25-basis-point increase stand at a more modest 15%.  Those odds shifted after the CPI announcement on Tuesday given the softer-than-expected reading, which reinforces the markets expectation that the Fed will not pivot on its current strategy. Nevertheless, there are some who continue to sound increasingly hawkish, including new Fed Chair Kevin Warsh and Dallas Fed President Lorie Logan.  Higher interest rates have been seen as

07-19

Tether's USDT hits 2-year countdown threatening its position on U.S. crypto platforms

The worlds leading stablecoin by volume, Tethers $USDT, could be shoved out of the U.S. markets if the company doesnt revamp dramatically in the next two years.  Despite assurances last year from CEO Paolo Ardoino that the stablecoin giant would achieve U.S. compliance for $USDT, the company hasnt yet revealed a sharp turn toward the demands of the Guiding and Establishing National Innovation for U.S. Stablecoins ($GENIUS) Act, which became law one year ago.  With that consequential anniversary of President Donald Trumps signing of the law passing on Saturday, the industry has marked a surge in stablecoin interest and issuance, plus a wide array of crypto and traditional financial firms pursuing U.S. trust bank charters to ease their stablecoin pathways. But the one-year mark was also supposed to be a deadline for federal financial regulators to have rules in place implementing $GENIUS, and theyve so far fallen short. That could be problematic as experts and industry insiders still reveal some disagreements over how the law should be interpreted.  At this point, its still two firms battling for market dominance, with a few others — including the issuer tied to President Donald Trump, World Liberty Financial — fighting it out for a very distant

07-19

Circle president backs USDC as new rival pressures CRCL stock

Circle President Heath Tarbert has defended the companys long-term strategy after Circle shares fell sharply from their post-IPO peak.  SummaryCircle says USDCs scale and network effects remain difficult for new stablecoin competitors to replicate.Open USD adds pressure as Circle shares trade far below their post-IPO peak near $260.Circle keeps expanding regulated infrastructure while investors question competition, margins, and future stablecoin revenue sharing.  Speaking in a July 14 interview with FOX Business, Tarbert said management remains focused on building financial infrastructure rather than reacting to short-term moves in the stock.  The interview came as Circle faced growing investor concern over competition in the stablecoin market. CRCL had traded near $260 after its public debut before falling toward the low $60 range. Tarbert said Circle is “playing the long game” and argued that successful execution would eventually support shareholder value.  You might also like:  South Korea targets Dunamu over Upbit hack as legal gaps emerge  Tarbert points to USDC network effects  Tarbert said Circle‘s main focus remains building a full-stack internet financial platform around USDC and related infrastructure. He argued that the company’s position cannot be measured only through daily stock movements and said the stock should “take care of itself” if Circle delivers on its wider mission.  He also

07-19انڈسٹری

Coinbase Trading Lead Cobie Admits Exchange “Distant From Crypto-Native Users” as Trust Frays

A day after taking over Coinbase‘s trading products and the Base App, its new lead didn’t reach for talking points. Instead, Cobie delivered a blunt internal diagnosis that most exchange executives avoid in public. Coinbase, he said, has been distant from crypto-native users for a long time. The assessment came in response to a question about how the Base App could attract onchain users after trust in the ecosystem was damaged, according to the original report from WuBlockchain.  Cobie stressed he is not responsible for the Base network itself, only the app and trading products. But the distinction hardly matters to users who experience Coinbase and Base as one surface. The admission lands when the exchange is fighting a multi-front battle over regulation, market structure, and now internal credibility. A flurry of last-minute bank lobbying against a landmark crypto bill in the Senate only adds to the sense that centralized platforms can no longer coast on brand alone.  The trust deficit hits both Coinbase and Base  Cobie didn‘t sugarcoat the damage. He said both Coinbase and Base have severely eroded user trust through a series of avoidable mistakes, including what he described as “today’s incident.” The nature of that incident wasnt spelled out

07-19
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