According to Odaily Planet Daily, the South Korean stock market has experienced significant volatility over the past nine trading days, resulting in a cumulative valuation loss of over 8.8 trillion won for leveraged ETFs tracking Samsung Electronics and SK Hynix, which have a high proportion of retail investors. Data released on July 15 by FnGuide Quantwise and Mirae Asset Securities shows that the four leveraged ETFs tracking Samsung Electronics and SK Hynix, issued by Mirae Asset Global Investments and Samsung Asset Management, suffered a cumulative valuation loss of 8.8337 trillion won between July 1 and 13. During the same period, the assets under management of these ETFs decreased from 14.3518 trillion won to 8.9389 trillion won, a 37.7% reduction. The total assets under management of all 14 listed leveraged ETFs tracking Samsung Electronics and SK Hynix in South Korea also decreased by 41.4% during the same period, from 15.9349 trillion won at the end of June to 9.3386 trillion won on July 13. Specifically, the Samsung Electronics leveraged ETF saw a 35.3% decrease in assets under management, and the SK Hynix leveraged ETF saw a 44.9% decrease. Data from the Korea Capital Markets Institute shows that as of June 19, individual investors had made net purchases of 8.2 trillion won in single-stock leveraged ETFs, accounting for approximately 60% of the assets under management of these ETFs. This means that a significant portion of recent losses may have been borne by individual investors. (Jinshi)

According to Odaily Planet Daily, a blockchain analyst named Ai Yi reported that a whale who had accumulated nearly $100 million in ETH and WBTC since July withdrew 50 WBTC from Binance eight hours ago. This brings their total ETH holdings to 49,400 and WBTC to 300, with a total value exceeding $103 million. The average cost per ETH held is approximately $1,705 and $63,027.58 respectively, resulting in a floating profit of $11.113 million.

According to Odaily Planet Daily, Tim Draper, founder of Draper Associates, stated that his initial reluctance to invest in Coinbase stemmed from his assessment that retail crypto adoption would take considerable time, not from a lack of approval of Coinbase co-founder and CEO Brian Armstrong. Draper disclosed that he had already invested in the early Bitcoin company Coinlab at the time, hence his initial decision not to invest in Coinbase. His son, Adam Draper, disagreed with this assessment and provided the first check to Brian Armstrong. Draper subsequently participated in Coinbase's next funding round. Coinbase was later founded and developed into a crypto platform by Brian Armstrong and Fred Ehrsam, and is listed on Nasdaq under the ticker symbol COIN. Draper stated that Coinbase has become one of the most representative investments of Draper Associates Fund V, with returns from Coinbase alone nearly doubling the fund's overall size.