KOSPI Index Rises Nearly 10% in Two Days, Institutions Say Deleveraging of Leveraged ETFs is Complete

The KOSPI index in South Korea has risen nearly 10% over the past two days, with institutions stating that approximately 75% of the deleveraging of leveraged ETFs has been completed. Investors believe that if the CLARITY Act is passed, Lighter, as a U.S. company, will become the biggest beneficiary. U.S. lawmakers have requested the SEC to investigate Truth API, questioning its potential violation of federal securities laws. Democratic Senator Angela Alsobrooks has opposed the ethical details of the Clarity Act proposed by the White House. Samsung plans to invest 200 billion won in South Korea to build an HVAC factory. Bernstein predicts that Robinhood's market revenue in Q2 is expected to exceed its cryptocurrency revenue, raising its target price to $160. OpenAI CEO Altman will present the next-generation AI model to U.S. officials next week. A whale holds approximately $14.6381 million in Micron Technology long positions, with an unrealized gain of about $1.1425 million. Among the tokens launched in 2024 with a market capitalization exceeding $100 million, only 7.1% are still profitable, with most having fallen below their TGE price.

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