Odaily Afternoon News

1. The pre-market valuation of ChangXin Memory Technologies (CXMT) on Hyperliquid reached $540 billion, surpassing Tencent;

2. A whale holding $75.4 million in assets opened a long position on 20,000 CXMT tokens with 5x leverage;

3. South Korea tightens online stock loan regulations, capping each borrower at 1 billion KRW;

4. South Korea's KOSPI index surged 7.94% intraday, with SK Hynix rising 12%;

5. Buy orders for CXMT near $7.2 on Hyperliquid exceeded $5.9 million;

6. A trader on Hyperliquid saw their CXMT short position liquidated in 28 minutes, incurring a loss of over $40,000;

7. South Korea to establish a strategic investment account for key strategic industries;

8. South Korean brokerages discuss increasing the minimum deposit requirements for leveraged ETFs on chip stocks.