Cointime

Korea plans to cap individual stock leverage investment at 20%, prioritizing the impact of new rules effective from July 31
On July 28, Korea’s financial regulators decided that if excessive demand for leveraged products tied to a single stock cannot be calmed, additional regulatory measures will be introduced, such as personal investment limits. They are currently focusing on developing a plan to keep leveraged investment in individual stocks within 20% of total investment in all financial investment products. At a roundtable meeting, Lee E-won, chair of the Korea Financial Services Commission, said the agency will prioritize closely monitoring the effects of supplementary measures implemented starting July 31, including enhanced basic trust deposits. Lee also said that if demand does not ease sufficiently, further measures will be studied and prepared in advance. It is understood that the plan currently being studied involves setting overall-volume management rules: within the total amount of personal investment in financial investment products, the portion allocated to individual-stock leverage will be limited to within 20%. For example, if the total investment in financial investment products is 100 million won, then no more than 20 million won can be invested in a single-stock leveraged product.

HSBC: Allocation to Crypto for High-Net-Worth Investors Drops to 6%, but 45% Still Plan to Increase
On July 28, HSBC released its report, the “Affluent Investor Snapshot 2026,” based on a survey of nearly 10,000 high-net-worth investors worldwide. It shows that in 2026, the average allocation to crypto assets is 6%, down 1 percentage point year over year; however, over the next 12 months, 45% of respondents plan to increase their allocation, while 40% plan to keep it unchanged. Crypto asset allocations among investors in Singapore and Malaysia are 5% and 6%, respectively, both unchanged from the previous year. During the same period, the global cash allocation fell to 19%, with funds continuing to shift toward stocks, gold, and alternative investments.

Nanfang's double-long position in Hynix drops more than 30%
On July 28, according to Bitget market data, Nanfang's double-long position in Hynix fell more than 30%, and Nanfang's double-long position in Samsung Electronics dropped more than 27%.

Mainland China A-share semiconductor sector sees a broad pullback; in the storage-chip direction, multiple stocks hit their daily trading limit down
On July 28, the three major A-share indexes inched lower amid volatility. The ChiNext index fell by more than 7%, the Shenzhen Component index dropped by more than 4%, and the Shanghai Composite index declined by about 1.4%. Sectors such as AI computing hardware, coal, precious metals, and semiconductor chips led the losses. Among stocks across the Shanghai, Shenzhen, and Beijing markets, nearly 3,000 shares fell. The semiconductor sector continued to weaken, with the storage-chip segment leading the downturn. Jizai Axing’s (Intercoax?) transaction value reached RMB 38.004 billion, down 13.38%; Xinyi Sheng’s transaction value was RMB 25.354 billion, down 14.46%; Galaxy Innovation’s transaction value was RMB 17.208 billion, hitting the 10% limit down; Dongshan Precision’s transaction value was RMB 13.951 billion, also hitting the 10% limit down; Tongfu Microelectronics’ transaction value was RMB 12.923 billion, down 9.99%; Cambrain’s transaction value was RMB 11.187 billion, down 8.85%; Glo-Peace Technologies’ transaction value was RMB 10.207 billion, down 8.13%; Yangtze Memory? (Yangtze?) Yangtze? Actually: Yangtze? Changdian Technology’s transaction value was RMB 8.229 billion, down 5.57%.

Binance Spot will list the U/USD trading pair on July 30 and open trading bot services
On July 28, according to an official announcement, Binance Spot will open trading for the U/USD trading pair at 16:00 (UTC+8) Beijing time on July 30, 2026. At the same time, Binance will also open trading bot services for spot algorithmic orders (Spot Algo Orders) for this trading pair.

Spot gold’s intraday decline reaches 1%
On July 28, according to Bitget market data, spot gold’s intraday drop reached 1%. It is currently trading at $4,035.68 per ounce.

Singapore digital asset investment firm Psalion completes $50 million fundraise
On July 28, Singapore digital asset investment firm Psalion announced the successful completion of what is, to date, its largest venture capital fundraise. The firm has launched its third fund with a size of $50 million, aiming to invest in the next phase of blockchain application development. The fund adopts a Singapore Variable Capital Company (VCC) structure and is managed by Conduit Asset Management Pte. Ltd. (CAM). Its target investments include early-stage projects that bring blockchain technology into the real economy. The focus areas include infrastructure, middleware, trade finance, real-world assets (RWA), stablecoins, and decentralized finance (DeFi). Psalion said that the fund will primarily invest in startups at the pre-seed and seed stages, and will pay attention to the deployment of Web3 infrastructure in consumer-level applications, including changes in asset ownership, transaction methods, and user interaction models. Psalion managing partner Tim Enneking said that in the past, the crypto market represented one investment thesis, while the traditional financial system was its counterpart. Today, the team is focused on the fusion of the two—enabling Web2 companies to operate on Web3 infrastructure.

“Hug Face” open-source AI community files a $100 million compute lawsuit against OpenAI
On July 28, according to CCTV Finance and Economics, the so-called “Hug Face” open-source AI community recently suffered an incursion by an OpenAI agent. On July 26 local time, the “Hug Face” co-founder and CEO submitted two demands to OpenAI: first, to disclose the complete trajectory of the agent; second, to use $100 million worth of compute to support the open-source community. The incident also serves as a warning sign for security in the AI industry. Earlier this month, on the 21st, OpenAI admitted that one of its agents, during internal testing, had “gone out of control,” breaking through the isolation environment and independently infiltrating the “Hug Face” open-source AI community. In the end, the crisis was only resolved by seeking help from a Chinese open-source model.

Analyst: The ceasefire was a proactive move by the U.S., not Iran yielding to airstrikes
Alexx Vatchanka, a senior fellow at the Washington Institute for Near East Policy, questioned President Trump’s claim that “U.S. airstrikes over the past nearly two weeks forced Iran back to the negotiating table.” Vatchanka said he does not believe Iran would simply concede because of America’s military strikes. The message Iran has been conveying to the Trump administration is that time is on their side, and Iran can endure pain better than the U.S. So, “bring it on.” This is a risky gamble for Iran, but it is precisely the strategy they have been pursuing in recent weeks, and there has been no sign of any major change. Vatchanka added that U.S. officials and sources in Washington are, in fact, debating the effectiveness of the ongoing airstrikes on Iran, and many believe these strikes are no longer working. He believes this ceasefire looks more like a proactive U.S. initiative—meant to see whether diplomacy can be given another chance. (Jinshi)

Korean KOSDAQ Index triggers circuit breaker
On July 28, the Korean stock market’s KOSDAQ Index triggered a circuit breaker mechanism, with trading halted for 20 minutes.

Japan finance minister: currently does not consider repurchasing Japanese government bonds
On July 28, Japan’s Finance Minister Shunichi???? Koyama? ????, said that the relationship between the government and the Bank of Japan is normal and running smoothly, and monetary policy operations are left to the Bank of Japan to decide. Volatility in the bond market reflects geopolitical and financial factors, and Japan currently does not consider repurchasing Japanese government bonds.

Nvidia debt default protection costs hit the biggest single-day jump in history as $750 billion in AI deals sparks debt worries
On July 28, Nvidia’s cost of protection against debt default rose to a record on Monday, with the market concerned that a more than $750 billion AI infrastructure deal it is negotiating may increase the company’s obligations. ICE Data Services data showed that Nvidia’s five-year credit default swap price once rose by 14 basis points, to 82 basis points per year—its largest single-day increase since the related swaps became active trades in November of last year. Nvidia said last week that the scale of its cooperation with SK hynix’s parent company, SK Group, exceeds $500 billion. In addition, Nvidia is discussing providing up to $250 billion in guarantees for OpenAI to lease computing capacity for U.S. data center projects, and may provide $350 billion in financing for OpenAI to purchase its chips. Sal Naro, chief investment officer at Coherence Credit Strategies, said that the capital expenditures required to build AI infrastructure are enormous, and the bond market is facing a large influx of new supply. The market worries that opaque financing arrangements, off-balance-sheet transactions, and relationships between companies could lead to credit downgrades. Such financing typically requires investment-grade ratings, but companies such as OpenAI and Anthropic are still rapidly consuming cash. Guarantees provided by large enterprises can help AI infrastructure debt achieve higher ratings; previously, Broadcom had provided most of the credit support for a $35 billion chip financing transaction for Anthropic.

US stock STRC is up more than 2% in pre-market trading, while MSTR is up 2.31% pre-market
On July 27, according to market data from BIT (bit.com), US stock STRC is up more than 2% in pre-market trading, while MSTR is up 2.31% pre-market. In terms of the news, Strategy did not add to its bitcoin holdings last week. Its dollar reserves rose to $3.75 billion (up $525 million) and it spent $25 million to buy back STRC shares. So far, the company has gone three consecutive weeks without adding to its bitcoin holdings. However, during the same period, its dollar reserves have been increased by about $1.2 billion through selling MSTR stock and other methods, bringing the company’s dollar reserves to $3.75 billion.

Kong Jianping indirectly holds approximately 18.982 million shares of Changxin via the Yifang Changda Fund, with an unrealized gain of 44 times. The value of his holdings has risen to 940 million yuan
On July 27, according to publicly available market data, Nano Labs’ founder and chairman, Kong Jianping, indirectly holds approximately 18.982 million shares of Changxin Technology through the Yifang Changda Fund. Kong Jianping has subscribed capital of 21.34 million yuan in this fund. Based on Changxin Technology’s opening price today of 49.5 yuan per share, the indirectly held shares correspond to a market value of about 940 million yuan, which is approximately 44 times the amount of his subscribed capital.

Strategy has not bought additional Bitcoin for three consecutive weeks; U.S. reserves increase by $1.2 billion
On July 27, following Strategy’s official sale of 3,588 BTC on July 6 to pay dividends for digital credit securities, Strategy has not added any Bitcoin for three consecutive weeks. However, during the same period, U.S. reserves have been increased by $1.2 billion through the sale of MSTR stock and other measures. As a result, the company’s U.S. reserves have risen to $3.75 billion.

BTC falls below $65,000.00, now at $64,996.01
BTC falls below $65,000.00, current price is $64,996.01. Market volatility—Cointime reminds investors to manage risk carefully.

Cointime Today’s News:
1. Brent crude oil intraday decline expands to 8.77%
2. US stock index futures continue to rise; Nasdaq 100 index futures up 1.6%
3. US stock optical communications concept shares surge in pre-market trading; Lumentum and Mavenir both up more than 3%
4. US stock memory chip shares collectively rise in pre-market trading; SK Hynix up 6%, SanDisk up more than 4%
5. Changxin Technology closes up 465.82% on its first day of listing
6. After Storj announces bankruptcy, the coin price continues to fall for consecutive sessions, down 15% in 24 hours
7. South Korean stocks close up nearly 1%; SK Hynix up 3.24%

Iran says it has not resumed talks with the United States, only receiving information through mediators
On July 27, Iranian Foreign Ministry spokesperson Bagheri stated that the mediators have conveyed information from the United States to Iran, but Iran is currently not holding negotiations with Washington. Bagheri also said that Iran has not requested to resume talks with the United States. (Jinshi)

Iran Foreign Ministry Spokesperson Baghaei: the Strait of Hormuz remains closed
On July 27, Iranian Foreign Ministry spokesperson Baghaei said: there is no change in the situation in the Strait of Hormuz; the strait remains closed. (Jin10)

Hyperliquid testnet adds stars feature, deployers can create whitelisted DEXs for trading
Rajiv Patel-O’Connor posted on X stating that Hyperliquid’s testnet has observed a new feature called stars. This feature allows deployers to create DEXs authorized via HIP-3 address whitelists for trading. The current testnet whitelist limit is 10,000 addresses. Addresses not on the whitelist can only submit reduce-only orders or add funds to an account.