According to BlockBeats, on July 19th, Kim Yong-beom, Chief of Staff for Policy at the South Korean Presidential Office, stated on a KBS program that delisting single-stock leveraged ETFs, which have been cited as the main cause of recent sharp stock price fluctuations, is "unimaginable." Investors are deeply involved, with related products exceeding 10 trillion won in size. "Forced delisting would itself have a huge impact on the market, and we would also have to absorb the selling pressure."

Kim Yong-beom also affirmed the supplementary measures recently introduced by South Korean financial regulators, including raising the margin requirement for leveraged ETFs to 30 million won in cash and setting a minimum trading unit of 20 shares. He stated that "they have largely taken into account the issues raised by the market, and their implementation will mitigate the side effects to a considerable extent."

Kim Yong-beom also pointed out that leveraged products will have a magnified impact on the market during a downtrend. It is necessary to further discuss with regulators, asset management companies and securities firms how to minimize market impact during specific periods, especially to narrow the divergence between ETF net asset value and actual closing price, and to reasonably control the selling pressure generated in order to narrow the divergence.

According to BlockBeats, on July 19th, well-known crypto KOL Ansem expressed optimism about ZEC's upside potential after its breakout, and has set a price alert at $750. It has been consolidating sideways for almost a year. If it breaks through to new highs, the next upward move in this trend will be very strong. Ansem added that he doesn't currently hold a position, but believes it would be a mistake not to enter the market if it breaks out.

According to HTX market data, ZEC has been rising steadily since it broke through $400 at the beginning of the month, and is currently trading at $565.