According to a report by the Korea Times, industry data shows that as the South Korean KOSPI index continues to break records, more and more retail investors appear to be borrowing money to chase the market's rapid rise. As of last Thursday, the total outstanding personal loans of South Korea's five major banks reached 106.99 trillion won (approximately US$70.98 billion). This is the highest level since November 2023, when it was 107.72 trillion won. This increase is mainly due to overdraft credit lines—locally known as "negative accounts"—which allow customers to borrow within pre-approved limits. As of last Thursday, the outstanding balance of such credit instruments reached 41.93 trillion won; this figure reflects funds that have actually been drawn and used, rather than the total amount of credit available to borrowers. (Jinshi)

According to data from MSX.COM, Micron Technology (MU.O) shares continued their upward trend in pre-market trading, rising as much as 3% and breaking through $1,000 to set a new all-time high.

In the past hour, total liquidations across the network reached $12.41 million, with $2.18 million from long positions, with $10.22 million from short positions. BTC liquidation $934,867.99, ETH liquidation $1.95 million.

According to Lookonchain monitoring, a trader (0xc6fe...79b1) profited over $1.4 million in two days by capitalizing on the rise in HYPE. Yesterday, they opened a 10x long position on 110,735 HYPE tokens, worth $7.6 million, and closed the position for a profit of $580,000. Subsequently, they opened another 10x long position on 204,383 HYPE tokens, worth $14.89 million, and currently have a floating profit of $838,000.

According to an article by Nick Timiraos, a vocal critic of the Federal Reserve, former Federal Reserve Chairman Jerome Powell stated in a speech Sunday evening that the Fed would not survive if any administration found an excuse to dismiss Fed officials simply because of policy disagreements. Powell, currently a member of the Federal Reserve Board of Governors, spoke generally about the system and the rule of law without naming any presidents or expressing any specific personal grievances. However, his wording was remarkably precise when addressing the institutional framework designed to exclude presidential control from monetary policy decisions. Powell emphasized the legal safeguards preventing the arbitrary dismissal of Fed officials, specifically noting that the executive branch “plays no role in selecting or overseeing the 12 regional Reserve Bank presidents,” who, along with the Fed Board of Governors, vote on interest rate levels. “If any administration finds an excuse to dismiss Fed officials simply because of policy disagreements, future administrations will follow suit,” Powell said. He pointed out that the credibility the Federal Reserve has built up over decades is an "invaluable asset," and he and his colleagues "have a responsibility to defend it." (Jinshi)