According to Yonhap, President Lee Jae Myung said South Korea will become a trustworthy production base and supply partner for AI semiconductors as he unveiled the “San Francisco AI Declaration” at a high-level meeting in San Francisco. The event brought together the chiefs of global tech firms and South Korean conglomerates, including Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won, while OpenAI CEO Sam Altman and Nvidia CEO Jensen Huang also attended. Lee said South Korea will become an irreplaceable core nation in the AI supply chain, citing the country's competitiveness and production capacity in memory semiconductors. He added that the Republic of Korea aims to establish a world-class AI hub, create new markets for AI use in manufacturing and logistics, and serve as a test bed for AI adoption. The declaration followed South Korea's announcement last month of three megaprojects worth more than 4,000 trillion won ($2.73 trillion) for a semiconductor production cluster, physical AI and AI data centers.

Dango's team said the one-stop trading platform will shut down because it no longer sees a viable path to sustained commercial success. According to ChainCatcher, withdrawal restrictions will be lifted in the near term, and users are being advised to close positions and remove funds as soon as possible amid expected thin liquidity and slippage risk. Dango will stop trading at 8:00 PM Beijing time on July 29, 12:00 UTC. Remaining positions will be closed at oracle prices, DLP treasury deposits will be unlocked, and all funds will be returned to users' spot accounts in USDC. The Dango L1 blockchain will stop operating at 8:00 PM Beijing time on August 13, 12:00 UTC. Any deposits that have not been withdrawn by then will be returned to the original Ethereum deposit addresses.

On-chain analyst Ai Yi said one address opened a 603.71 BTC 40x long position. According to NS3.AI, the position was worth $38.67 million, with an entry price of $64,469 and an unrealized loss of $259,000.

According to Jin10, the U.S. military said on Friday that it opened fire on another merchant ship trying to break its blockade of an Iranian port. The U.S. military said the M/T Lavine tanker was disabled in the Gulf of Oman.

According to Jin10, Iranian Press TV reported that a powerful explosion occurred in the Saudi port city of Yanbu as Saudi Arabia launched attacks on Yemen.

According to Jin10, Iranian media outlet Fars News said there were reports that the attack in Yemen targeted a Saudi Aramco oil facility.

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