Crypto World
Uniswap v4 Fee Maths Under Scrutiny as Adams Defends LP Impact Claims
Uniswap founder Hayden Adams pushed back publicly against criticism of the protocol’s newly activated v4 fees on Tuesday, arguing that claims the change reduces liquidity provider earnings rest on flawed assumptions. The rebuttal follows Uniswap governance’s approval of protocol fee activation across selected v4 pools on multiple blockchains.
Adams used a 30-basis-point pool as his reference case: a 5-basis-point protocol fee, he said, represents roughly 14% of total swap fees, not a reduction in what LPs earn. His central argument is that protocol fees are additive to the existing fee structure rather than deducted from LP allocations.
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The Technical Dispute at the Center of the Controversy
That framing is where the controversy sharpens. Critics and portions of the DeFi governance community have pointed to Uniswap’s own v4 documentation, which describes protocol and LP fees as applied sequentially, protocol fee first, then LP fee on the remaining input.
Under that sequential structure, any positive protocol fee mathematically narrows the base on which LP fees are calculated, even if swap volume holds constant.
Adams’ “additive” characterization and the sequential-application mechanics described in protocol documentation represent genuinely different claims about how the fee stack operates.
The primary source does not elaborate on Adams’ technical reasoning for reconciling the two, and no further detail from his X post is available in the sourced reporting. That gap is the live dispute, not whether protocol fees exist, but whether their structural effect on LP returns is material or negligible in practice.
It is also worth noting that Adams’ arithmetic deserves a brief examination: 5 basis points out of 30 basis points is 16.7% of total swap fees by simple division, not 14%. Whether Adams is applying a different calculation method, perhaps referencing effective LP take after some adjustment, is not explained in the sourced report. The 14% figure is his, and it has not been independently verified in the available sourcing.
Uniswap Scale and the Stakes for LPs
The stakes here are meaningful. Uniswap holds approximately $3.06 billion in total value locked, making it the largest decentralized exchange by TVL according to DefiLlama. Fee structure changes at that scale carry direct consequences for concentrated liquidity providers managing positions across the protocol’s major pools.

The broader tension sits between UNI tokenholders who benefit from protocol revenue capture and LPs who supply the liquidity that generates those fees.
As Ethereum’s dominant DEX, and as ETH price dynamics continue to influence DeFi activity broadly, Uniswap’s ability to retain competitive liquidity depth while extracting protocol revenue is the central economic question that governance has effectively reopened with this activation.
For active LPs, the practical question is whether the actual net yield on deployed capital shifts once protocol fees are live across a broader pool.
Adams’ position is that it will not. The math embedded in the protocol’s own documentation suggests the answer is more nuanced than a flat denial. Governance votes to extend v4 protocol fees to additional deployments are expected to continue, meaning this dispute is unlikely to resolve on founder messaging alone; it will resolve on LP performance data as it accumulates.
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The post Uniswap v4 Fee Maths Under Scrutiny as Adams Defends LP Impact Claims appeared first on Cryptonews.
Crypto World
Why AI Could Become a DAO Contributor
Decentralized Autonomous Organizations (DAOs) were created to replace centralized decision-making with community-driven governance. Token holders propose ideas, vote on changes, and collectively manage treasuries, protocols, and ecosystems. However, as DAOs continue to grow in size and complexity, human contributors alone may struggle to keep pace with the increasing volume of governance proposals, financial data, and ecosystem activity.
Artificial Intelligence is emerging as a powerful solution—not as a replacement for community governance, but as an intelligent contributor that enhances decision-making, automates repetitive tasks, and improves operational efficiency. The future of DAOs may include AI agents working alongside human members as active participants in decentralized organizations.
The Evolution of DAO Contributors
Traditional DAO contributors perform tasks such as:
- Writing governance proposals
- Reviewing protocol upgrades
- Managing community discussions
- Monitoring treasury health
- Researching ecosystem developments
- Organizing grants and partnerships
While these responsibilities require human judgment, many supporting activities involve collecting, analyzing, and summarizing large amounts of information. AI excels at exactly these tasks.
Instead of replacing contributors, AI can become an always-available assistant that enables communities to make faster and more informed decisions.
AI as a Governance Researcher
Governance proposals often span dozens of pages and include technical details that many token holders may not fully understand.
AI can:
- Summarize lengthy proposals
- Highlight potential risks
- Compare new proposals with historical governance decisions
- Explain technical concepts in simple language
- Generate impact analyses
This allows DAO members to spend less time reading documentation and more time evaluating strategic decisions.
Treasury Intelligence
Managing millions of dollars in digital assets is one of the biggest responsibilities within successful DAOs.
AI can continuously monitor:
- Treasury diversification
- Stablecoin exposure
- Yield performance
- Liquidity positions
- Market volatility
- Spending efficiency
Instead of waiting for monthly reports, DAO members could receive real-time recommendations whenever treasury conditions change significantly.
Proposal Drafting Assistance
Many great ideas never become governance proposals because contributors lack the time or writing experience.
AI could help contributors by:
- Structuring governance proposals
- Generating clear documentation
- Creating implementation timelines
- Estimating resource requirements
- Identifying missing information
This lowers the barrier to participation and encourages more community members to contribute.
Community Moderation at Scale
Large DAOs often have thousands of members spread across multiple platforms.
AI moderators could:
- Answer common governance questions
- Direct users to relevant documentation
- Detect spam and malicious activity
- Translate discussions into multiple languages
- Summarize community sentiment
Human moderators would remain responsible for final decisions, while AI handles repetitive support tasks around the clock.
Smarter Grant Programs
Many DAOs distribute grants to developers, researchers, and ecosystem builders.
AI can assist by:
- Reviewing applications
- Categorizing proposals
- Detecting duplicate submissions
- Scoring projects against predefined criteria
- Tracking milestone completion
This allows grant committees to focus on evaluating innovation rather than administrative work.
AI-Powered Risk Monitoring
Security remains one of the largest concerns in decentralized finance.
AI agents can monitor:
- Suspicious wallet activity
- Smart contract vulnerabilities
- Governance attacks
- Treasury anomalies
- Oracle irregularities
- Cross-chain risks
Rather than reacting after an incident occurs, DAOs can receive early warnings that help prevent losses.
Autonomous Operational Contributors
Future AI contributors may eventually perform operational work independently, including:
- Publishing governance reports
- Updating DAO dashboards
- Scheduling community meetings
- Managing documentation
- Tracking KPIs
- Coordinating contributor workflows
These AI agents would operate under permissions defined by governance rather than acting independently without oversight.
The Importance of Human Oversight
Despite rapid advances, AI should not have unrestricted authority over DAO governance.
Critical responsibilities—including treasury allocations, protocol upgrades, constitutional changes, and governance votes—should remain under community control.
AI works best as:
- An advisor
- A researcher
- A data analyst
- A workflow assistant
- A monitoring system
Human contributors continue to provide judgment, ethics, creativity, and accountability—qualities that AI cannot fully replicate.
Challenges Ahead
Before AI becomes a trusted DAO contributor, several challenges must be addressed:
- Transparency in AI-generated recommendations
- Prevention of model bias
- Protection against prompt manipulation
- On-chain verification of AI actions
- Accountability for autonomous decisions
- Privacy when processing governance data
Developing decentralized AI infrastructure alongside robust governance frameworks will be essential for building trust.
The Future of AI-Driven DAOs
The next generation of DAOs may include specialized AI agents dedicated to governance analysis, treasury optimization, community engagement, security monitoring, and operational management. Rather than replacing decentralized governance, these intelligent contributors can empower communities with faster insights, better data, and more efficient execution.
As decentralized ecosystems continue to expand, AI may become one of the most valuable contributors a DAO can have—not because it votes in place of people, but because it equips communities with the knowledge and tools to make smarter collective decisions. The future of governance is likely to be a collaboration between human wisdom and machine intelligence, creating DAOs that are more scalable, resilient, and effective than ever before.
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Crypto World
Russia says Ukraine is using Telegram dating bot for terrorism
Russia has issued an international arrest warrant for Telegram founder Pavel Durov, charging him with facilitating terrorist activities via his platform.
Russia’s Federal Security Service (FSB) claims Telegram failed to remove Telegram channels, chats, and bots “used by Ukrainian special services and by terrorist and extremist organisations to prepare and coordinate acts of sabotage and terrorism, mass killings, and cyber-fraud operations within the Russian Federation.”
It claims this led to “numerous human casualties” and billions in material damage.
Ukrainian forces were allegedly using a Telegram dating chatbot to recruit Russians into sabotage work while Russia has detained 46 users for criminal acts connected to the chatbot.
In response to the warrant, Telegram’s X account posted a photo of Durov with his middle finger pointed towards the camera.
Read more: Telegram CEO Durov says he was poisoned during TON fund raise
This year, Russia has reportedly fined Telegram 100 million rubles ($1.26 million) for failing to take down content that’s banned in Russia.
In 2024, Durov was arrested in France and charged with allowing criminal activity, such as fraud, child sexual abuse, and money laundering, to proliferate on his app.
One year later, authorities allowed the dual France/Dubai citizen to fly back to his home in Dubai while they continued to investigate his case.
Durov poisoned during Russia Telegram tensions
Durov claimed to have been previosuly poisoned during the spring of 2018 when he received an unknown package.
He didn’t reveal an exact timeframe of his poisoning, but in April, Telegram refused to give encryption keys to the FSB, which wanted access to messaging data. Later that month, Russia banned Telegram.
Before this, he’d just secured $1.7 billion in funding from Russian billionaires, as well as other investors, for his TON crypto project.
In September 2024, Russian president Vladimir Putin criticised Durov’s arrest by France. Putin said, “I know that many countries have raised concerns about the platform being used in certain ways by certain individuals and entities whose activities could harm the economy or security of certain countries. I think the Russian government might also have had some questions.”
Read more: Are Telegram chats actually encrypted?
He added, “All platforms of this kind are guilty of this. If this is what they’re doing to Durov, then others should probably be arrested,” before adding that the French authorities’ actions “are not entirely clear to me, as they are selective.”
Telegram has also been criticised by the UN and senior figures at crypto security firm Elliptic for its role in facilitating scams.
In 2024, the UN argued that Telegram had become a haven for criminal money launderers while Elliptic’s chief scientist said it was contributing, and not doing enough to stop, the $442 billion scam industry.
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Crypto World
Crypto Exchanges Push into Stocks and Commodities: CoinGecko Report
Intense competition from traditional brokerage and decentralized exchanges is pushing crypto exchanges to expand beyond digital assets into tokenized stocks, commodities and precious metals, CoinGecko said.
A study, released by the crypto data provider on Wednesday, found that the market capitalization of tokenized traditional assets, including precious metals, US stocks, commodities, global indexes and forex, grew to $6.6 billion in June 2026 from $1.4 billion in January 2025. The analysis covers activity across Binance, OKX, Bybit, Bitget, Gate and MEXC.
The market’s initial growth was fueled largely by tokenized precious metals before expanding into US equities. By mid-2026, US stock perpetual futures had overtaken precious metals in both trading volume and open interest, driven by investor interest in semiconductor stocks and anticipated initial public offerings, the report said.

Tokenized traditional assets on crypto exchanges grew nearly fivefold over 18 months, with precious metals driving early gains. Source: CoinGecko
Perpetual futures account for the vast majority of trading activity, while spot markets remain comparatively small. According to the report, derivatives dominate because traders prefer leveraged products and exchanges can list perpetual contracts without issuing or custodying the underlying tokenized assets.
The expansion comes as centralized exchanges look beyond crypto trading to attract and retain users. CoinGecko said competition is intensifying from both decentralized exchanges, which have chipped away at market share, and traditional brokerages that are expanding their digital asset offerings.
Robinhood is among the brokerages that have significantly expanded their digital asset offerings, underscoring the growing overlap between traditional finance and digital asset platforms.
Related: Bernstein raises Robinhood price target, cites tokenization and prediction markets
Institutional demand fuels tokenization push
Institutional interest in tokenized assets continues to build. A June report by Standard Chartered projected that tokenization could help expand decentralized finance into a $2.7 trillion market by 2030 through the adoption of real-world assets. Separately, Bernstein analysts estimated the broader tokenization market could reach $4 trillion by the end of the decade as financial institutions increasingly embrace blockchain-based assets.
Like the convergence between crypto exchanges and traditional brokerages highlighted by CoinGecko, institutional adoption of tokenization underscores how fast the lines between traditional finance and blockchain infrastructure are blurring.
As Cointelegraph recently reported, BitGo and OTC Markets Group have partnered to expand access to tokenized securities for more than 150 broker-dealers. Separately, Tradable teamed with the Stellar network to bring up to $1 billion in private credit assets onchain, illustrating how banks, brokerages and crypto firms are increasingly building on the same blockchain infrastructure.
Related: Crypto Biz: When dollars disappear, stablecoins step in
Crypto World
South Korea’s KOSPI has erased more than Bitcoin’s market cap in 29 days
South Korea’s KOSPI index has lost more than the entire market capitalization of BTC in the past 29 trading days.
As of today’s opening, it’s price was ₩6,089, down 35% from an all-time high of ₩9,385 on June 19. This means that constituents of the country’s benchmark index have lost more than the $1.3 trillion value of all circulating BTC in less than 30 trading sessions.
Specifically, market caps of the index’s constituents have declined from ₩7,670 trillion ($5 trillion) on June 19 to today’s ₩4,960 trillion ($3.4 trillion).
Although the decline was 35% denominated in won, the drop was only 32% in USD due to exchange rate fluctuations. Still, by either measure, the loss exceeds the total market cap of BTC.
Losses in South Korea’s speculative, crypto-friendly, and AI-focused stock market have been as spectacular to the downside as they were meteoric earlier this year.
Within yesterday’s trading session alone, the country’s stock index lost 10.8% of its value, extending losses since June 19 when the index hit an all-time high of ₩9,385.
Even a market-wide halt for 20 minutes by the Korea Exchange yesterday failed to pause the selling.
For context, if the S&P 500 were to drop 10.8% in one day, such a drop would erase over $7 trillion — more than the GDP of any country in the world besides the US and China.
Read more: South Korea recovers from martial law and XRP, BTC flash crashes
South Korea’s KOSPI drops faster than BTC
Tuesday’s drop from ₩6,000 trillion was its first reading below that threshold since April.
The market cap of BTC is about $1.3 trillion today. S. Korea’s five-week loss is more than $200 billion worse than that value.
In foreign exchange markets, the won was trading at ₩1,537 to the US dollar on the KOSPI index’s June 19 peak. Today, the won has strengthened slightly to ₩1,456.
Somewhat embarrassingly, BTC has lost its own market cap before — on its own. Its price has halved since its October 6, 2025 record high when its market cap was $2.5 trillion.
Yesterday, its market cap dropped to half that value: $1.26 trillion.
In percentage terms, BTC has fallen lower from its peak — 50% versus the KOSPI’s 32% in dollars — albeit over a longer time frame.
Record memory-chip earnings and financial leverage sent shares of two companies, Samsung Electronics and SK Hynix, on a rocketship journey earlier this year.
The AI industry pair now account for roughly half the value of the KOSPI.
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Crypto World
Cardano Price Prediction: Has Hoskinson’s Vision Become Crypto’s New Roadmap?
ADA price is trading at $0.163, and the bigger question is whether Cardano design philosophy is quietly winning a debate the market once dismissed in this bearish prediction environment. Our analysis at Cryptonews suggests that formal verification, selective privacy, proof of stake, and broad token distribution are increasingly gaining traction across major blockchain networks. With ADA holding above $0.16, long-term price forecasts have once again caught retail attention.
The argument is not a victory lap. Instead, we see it as evidence of a structural shift across the industry. More than $2.5 billion has been lost to bridge hacks over the past five years, making the “ship first, patch later” approach increasingly difficult to justify. We also note AI-assisted bug discovery at Zcash and Ethereum validator software as signs that formal verification is becoming an operational necessity.

We also observe that Ethereum’s updated multiyear roadmap now includes formal verification as a key priority. Based on current development timelines, that transition could take around four years. Meanwhile, Ethereum’s Layer 2 roadmap reflects how much the competitive landscape has changed since Cardano first embraced these ideas.
Still, whether narrative convergence leads to price gains remains the harder question. Markets often take time to reward long term thesis validation. For now, ADA’s chart shows limited momentum despite renewed interest in Cardano’s technology and Charles Hoskinson’s vision.
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Cardano Price Prediction: Break $0.20 Before the Next Altcoin Rotation?
Cardano price is pressing against a ceiling and a prediction that has been tested but not cleared. The recent 24-hour range of $0.1660 to $0.1742 keeps the price in a tight band. Meanwhile, the seven-day range of roughly $0.1570 to $0.1919 shows sellers still defending the area below the $0.20 resistance zone.
That leaves $0.175 as an important level to watch. A rejection there could send ADA back toward recent weekly lows. On the other hand, a clean move above it would strengthen the case for another run at $0.20, where selling pressure has repeatedly emerged.
Longer-term forecasts remain mixed despite improving sentiment. Binance projections place ADA’s average August target near $0.29, although estimates vary widely. Coinbase remains more conservative, targeting about $0.49 in 2026 and $0.59 in 2030. Meanwhile, Changelly still expects ADA to trade between $0.148 and $0.161 during parts of 2026.
The bullish case depends on sustained altcoin rotation pushing ADA above $0.175 with stronger trading volume. Otherwise, the base case remains a sideways move between $0.16 and $0.175 as governance developments support demand. A drop below $0.157 could expose another test of recent lows if on-chain activity fails to improve.
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Bitcoin Hyper Targets Early-Mover Upside as Cardano Stalls Below Key Resistance
ADA’s 2.19% daily gain is real, but holding below $0.20 while waiting for a four-year thesis to reprice is a specific kind of trade. Traders rotating out of range-bound large caps into earlier-stage infrastructure plays are finding a different risk/reward profile in the Bitcoin Layer 2 segment.
Bitcoin Hyper ($HYPER) is a Bitcoin Layer 2 integrating the Solana Virtual Machine with sub-Solana latency with Bitcoin-native security. The presale has raised $32.9 million at a current price of $0.0136838, with staking available for early participants.
The project’s core proposition is removing Bitcoin’s three structural bottlenecks like slow throughput, high fees, and absent programmability, while preserving the base layer’s trust model. A Decentralized Canonical Bridge handles BTC transfers natively.
For traders who track Bitcoin infrastructure momentum, this is worth diligence.
Research Bitcoin Hyper before the next stage closes.
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The post Cardano Price Prediction: Has Hoskinson’s Vision Become Crypto’s New Roadmap? appeared first on Cryptonews.
Crypto World
Bitcoin Reclaims $64K Ahead of FOMC Meeting, Pi Network’s PI Rebounds: Market Watch
Bitcoin’s price dipped below $62,800 yesterday in a de-risking move from investors ahead of the FOMC meeting, but it has rebounded swiftly to over $64,000 now.
Most larger-cap alts have turned green as well, with XRP aiming at $1.10 once again. UNI is up by over 5%, while ADA has gained more than 4%.
BTC Jumps Ahead of FOMC
BTC was rejected at $67,000 last week, and the subsequent leg down pushed it south to under $63,600 on Friday. The bulls finally stepped up after this rather substantial decline given the current dull market phase, and bitcoin remained at around $64,000 during most of the weekend.
It even climbed slightly on Sunday following some de-escalation news on the US/Iran front. More profound increases came on Monday morning when the asset priced in the lack of new attacks between the US and Iran and jumped to $65,600 on a couple of occasions.
However, it failed there quickly and tumbled hard on Tuesday. Just a day before the most unpredictable FOMC meeting in years, the cryptocurrency dumped below $62,800, losing $3,000 in less than a day.
Nevertheless, it has bounced off rather nicely over the past several hours, currently trading well above $64,000. Its market capitalization has risen to $1.290 trillion on CG, while its dominance over the alts has jumped to 57%.

BEAT Rockets, PI Rebounds
Most larger-cap alts have posted some gains over the past 24 hours, led by XRP and ADA. The former is up by 3% to $1.09, while the latter has jumped by 4.4% and now sits at $0.165. ETH has reclaimed the $1,900 level, while XMR is up to $350. UNI has added over 5% of value, followed by SKY, ONDO, and TAO.
In contrast, NEAR has dumped by another 5%, followed by LTC and ZEC. BEAT is by far the biggest gainer over the past 24 hours, surging by 35% to $3.75. Pi Network’s native token follows suit. A 5.5% surge from PI has pushed it close to $0.08 after it dumped to $0.074 yesterday.
The total crypto market cap has recovered $40 billion since yesterday’s low and is up to $2.270 trillion on CG.

The post Bitcoin Reclaims $64K Ahead of FOMC Meeting, Pi Network’s PI Rebounds: Market Watch appeared first on CryptoPotato.
Crypto World
3 reasons Wednesday’s FOMC interest-rate decision is pivotal for bitcoin (BTC) prices: Crypto Daily
The Federal Reserve (Fed) will announce its rate decision at 2 p.m. ET today, followed by Chair Kevin Warsh’s press conference at 2:30 p.m. ET.
Traders typically assign greater weight to FOMC meetings that come with updated economic projections and a “dot plot” of interest-rate forecasts. Today’s gathering lacks both. Yet the outcome still carries outsized importance for three reasons.
Unusual uncertainty over the outcome: Markets are still assigning roughly a 35% probability of a rate increase, CME fed funds futures show. That level of indecision is rare so close to a decision. By now, traders have usually converged on a clear expectation of a hold, hike or cut. Citadel, one of the largest hedge funds in the world, is predicting an increase. The firm argues a move would end forward guidance as a policy choice, an outcome Chair Warsh has long favored.
Bond yields are already rising: Both the 10-year and two-year Treasury yields have broken above key trendlines that defined the shallow pullback in place since 2023 (check the Daily Signal). With the breakout complete, the path of least resistance is now clearly established to the upside.
Crypto World
The Hidden Cost of Stress at Work
These findings, while interesting, couldn’t tell us if being a physician itself caused worse birth outcomes. To help answer that part of the question, we used a “natural experiment” that was designed to improve the working environment for some physicians. Natural experiments are instances in which people are exposed, by chance, to one path or another that allows researchers to study cause and effect (in this case, studying the impact of improved working conditions on health, a question that would be difficult to study in a controlled, randomized study).
In 2011, the Accreditation Council for Graduate Medical Education enacted a reform that limited the number of hours that first-year residents (physicians in training) could consecutively work to be less than 16 consecutive hours. The reform was intended to improve the working conditions for first-year residents.
Since the work reform only affected physicians, we could compare the birth outcomes of physician mothers to those of lawyer mothers before and after the reform to understand how an improvement in working conditions affected physician mothers’ birth outcomes. (Lawyer mothers should be unaffected.) In addition, because the reform was targeted at first-year residents, we focused on physicians who were 26 to 30 years old at the time the reform was enacted.
Crypto World
Russia Issues Arrest Warrant for Telegram Founder Pavel Durov: Report
According to several reports, Russia’s Federal Security Service has charged Telegram founder Pavel Durov with facilitating terrorist activity and issued an international warrant for his arrest.
The agency alleged that the messenger app failed to remove content used by Ukrainian intelligence services as well as terrorist and extremist organizations to coordinate sabotage, mass killings, cyber fraud, and other attacks against Russia.
Telegram is among the most used applications on both sides of the Russia-Ukraine war, with more than a billion users around the world.
Although the report stated that Moscow has repeatedly attempted to restrict the app and promote the state-backed MAX service, Russian government bodies, including the Kremlin and the defense ministry, continue to prefer Durov’s platform for official communication.
Previous reports from earlier this year claimed that Durov was already under investigation in a terrorism-related case. A summons addressed to Suspect P.V. Durov was reportedly delivered to an apartment he had lived in over 20 years ago.
He responded at the time that he was targeted for defending constitutional protections for free speech and private correspondence. His whereabouts remain unknown, according to Reuters.
Today’s charges come approximately two years after Durov was arrested in France as part of an investigation into whether Telegram had failed to adequately prevent criminal activity and cooperate with law-enforcement requests.
The allegations at the time included complicity in organized fraud, money laundering, narcotics sales, the distribution of child sexual abuse material, and making hacking and cryptography tools available without the required declarations. Durov, who now holds French and Emirati citizenships, denied any wrongdoing.
The post Russia Issues Arrest Warrant for Telegram Founder Pavel Durov: Report appeared first on CryptoPotato.
Crypto World
South Korea Holds Emergency Meeting as 864 Trillion Won Leaves Its Stock Market
South Korea convened an emergency market meeting on the evening of July 29. This came as the KOSPI shed 864.5 trillion won in value across two trading sessions.
On Wednesday, the index closed at 5,663.24, down 5.98%, and triggered a market-wide circuit breaker for a second straight day.
South Korea’s Financial Authorities Meet Amid KOSPI’s Slide
Finance Minister Koo Yun-cheol is hosting the session, which started at 6 pm local time, Bloomberg reported. Bank of Korea Governor Shin Hyun-song joined him. FSC Chairman Lee Eog-weon and Financial Supervisory Service Governor Lee Chan-jin also took part, according to media reports.
Lawmakers had questioned senior officials repeatedly in parliament on July 29. They traced part of the selloff to the single-stock leveraged products launched in May.
Lawmakers argued the ETFs had magnified those price swings. They said speculative trading had concentrated in a small group of blue-chip stocks, which left Korean equities far more volatile than global peers.
Koo apologized at one hearing and conceded the products warranted closer study before launch. He still described them as one cause among several.
“We’ve already put in place a package of measures, but if it’s needed we’ll introduce additional steps to help normalise the market,” he said.
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SK Hynix Missed Estimates Despite a Record Quarter
The meeting followed a turbulent stretch for Korean equities. The KOSPI has dropped 32.54%, or 2,731.41 points, over the past month.
Over the two sessions alone, the index lost 1,092.51 points. Market value fell 600.33 trillion won on July 28 and 264.20 trillion won on July 29.
Korea Exchange halted trading in both markets on each day. It is the first time circuit breakers have hit both on consecutive sessions.
The July 29 decline came as SK Hynix missed analyst expectations despite record quarterly performance. Second-quarter revenue of 79.3 trillion won missed LSEG SmartEstimates of 84 trillion won.
Operating profit of 60.54 trillion won also trailed the 64 trillion won forecast. The stock closed at 1,401,000 won, down 9.61%. Revenue still grew 257% year over year.
Meanwhile, another index heavyweight, Samsung Electronics, finished at 208,500 won, down 5.23%. Over the past month, Samsung has lost 35.45%, and SK Hynix has fallen 46.69%.
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The post South Korea Holds Emergency Meeting as 864 Trillion Won Leaves Its Stock Market appeared first on BeInCrypto.
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