_永夜_

Binance will list Tencent, Alibaba, and Xiaomi. For everyone to make some money, they’re also working hard. After two days, they all went on trading contracts, in coordination with a period of time afterward for a tech-stock listing. Everyone has the chance to earn a bit—remember to add these three big-name brands #BABAUSDT . This is to pull all the funds into the traffic pool, so that liquidity keeps getting better, which is beneficial for the virtual currency market. Exactly how to operate will be told to everyone later—don’t miss the chance to make some money. For now, I’ll post this first to see how much traffic there is. I’ll explain in the comments post tomorrow. I’m sleepy now, so I’m going to sleep first.

July 17, 2026 South Korea Day of Suffering: during the opening of the Korean stock market, it fell and refused to turn back. During the afternoon session, it stayed rather friendly and held the lower price. In the evening session, it got smashed deep, and then it surged up aggressively. Tomorrow in South Korea, when you wake up together, check the prices from the morning of July 18: the price came back, but the position is gone.

When trading, you need to know what it is—KORU.

As for South Korea leveraged ETF KORU, at its core it is a short-term trading tool that seeks “3x daily returns,” and it carries extremely high risk.

Its full name is the Direxion Daily MSCI South Korea Bull 3X ETF. Its key features are as follows:

· High leverage and high risk: It tracks the Korean large-cap stock index (e.g., Samsung, SK Hynix) and aims to provide 300% of the index’s single-day return. But this double-edged sword also means that if the Korean stock market falls, losses will be amplified threefold. Its annualized volatility over the past 5 years is as high as 131.7%, and its maximum drawdown has reached -89.71%. Note: it only guarantees the leveraged effect on a single day and is not suitable for long-term holding; due to the compounding effect, it will create losses.
· Fees and holdings: The net expense ratio is 1.32%. It does not directly buy stocks in full. Instead, it uses financial derivatives (swap contracts) to apply leverage. Core holdings include iShares MSCI Korea ETF (EWY) and various swap contracts.
· Recent developments: Just today (July 15, 2026), KORU executed a “1-for-20” stock split (Forward Split). This only breaks 1 share into 20 shares, lowering the price per share—you do not change the total value of your holdings. 481.11/20 = 24.0555. After 9:30 p.m. tonight, the previously locked-in share quantity will become 20 times the original, and the holding price will become 1/20. At that time, if there is no ex-dividend adjustment, you might feel like you suddenly have huge profits and losses. But you don’t. The maximum possible loss is a U.S. market gap up or a trading halt. Large gains and losses may occur.

· Derivative risks: In the cryptocurrency market (e.g., Binance), there are derivatives that stack up to as much as 50x leverage on top of KORU—effectively betting on 150x volatility of Korean stocks. The risk is extremely high and there is a lack of regulation. Ordinary investors, please stay far away.

Investment note: If you are not a professional day trader, and you cannot tolerate the risk that your principal could become zero in the short term, you must avoid such leveraged ETFs.

Focus on the Korean stock market itself. The top five weighted stocks in the MSCI Korea Index are truly the “trend indicators.” According to official MSCI data (as of the end of June 2026), they are: SK Hynix (20.18%), Samsung Electronics (14.48%), SK Square (6.82%), Samsung Electro-Mechanics (5.32%), and Hyundai Motor (2.86%). Adding them up: 20.18% + 14.48% + 6.82% + 5.32% + 2.86% = 49.66%, nearly half. For a “3x” product, that would be 1.5x.