A South Korean lawmaker criticizes single-stock leveraged ETFs, stating that the country has turned into a casino.

Whale 0xC8b5 is heavily long on $SKHX! The whale opened a 3x long on 37,229 $SKHX ($37.3M) and is already up $778K. However, he has lost more than $1M on each of the previous 3 trades.

Korea Investment Securities today raised SK Hynix's target price to 4.7 million won (approximately $3,236), far above today's closing price of 1.41 million won. Earlier today, South Korea's large financial group Mirae Asset released a research report cutting SK Hynix's target price from 4.2 million won to 2.8 million won.

Ethereum Institutional, an institutional-grade Ethereum ecosystem service provider, announced the completion of its initial ecosystem funding round and the formation of its supporter alliance, securing backing from over 100 ecosystem participants. The round was led by BitMine, SharpLink, and Ethereum co-founders Joseph Lubin and Mihai Alisie; the funding amount was not disclosed. The institution stated that the capital will be used to accelerate its work on tokenization, stablecoins, and on-chain market infrastructure. Ethereum Institutional added that in the coming months, it will strengthen direct engagement with banks, asset management firms, custodians, market infrastructure providers, fintech companies, and sovereign institutions, advancing specific initiatives related to tokenization, stablecoins, market infrastructure, and on-chain settlement, while expanding core business areas including institutional education, market intelligence, and ecosystem marketing. It will also continue collaborating with the broader Ethereum ecosystem community, including L2 teams, application developers, infrastructure providers, and custodian service providers.

According to AXIOS, Israeli officials said U.S. Vice President Vance met with Israeli Prime Minister Benjamin Netanyahu on Tuesday. U.S. Defense Secretary Hegseth will meet with Netanyahu today.

According to market data from BIT (bit.com), U.S. stocks opened lower, with the Dow Jones Industrial Average down 0.8%, the S&P 500 index down 0.18%, and the Nasdaq down 0.12%. In individual stock moves, GlobalFoundries rose 0.57% after securing up to $300 million in U.S. government funding. AI stocks were mixed: SK Hynix opened down roughly 1%, Nvidia fell 0.61%. Storage stocks outperformed, with SanDisk up around 2% and STX gaining 7%.

Bitget will list Grvt (GRVT) spot trading on its DeFi section. Deposits are now open, and trading will commence at 22:00 UTC+8 on July 30.