24H热门币种与要闻｜SK海力士公布二季度财报；马斯克身家近乎高位腰斩（7月29日）

1. Popular CEX Tokens

CEX Top 10 Trading Volume & 24h Change:

• BTC: +1.42%
• ETH: +2.09%
• AERO: -1.02%
• BANK: -44.01%
• SOL: +0.83%
• XRP: +2.20%
• SNDKB: -13.01%
• DEXE: -4.33%
• ZEC: -1.71%
• BNB: +1.06%

24-Hour Gainers (Data Source: OKX):

• ZIL: +17.58%
• CSPR: +14.04%
• FLOW: +9.37%
• ADA: +7.9%
• CARDS: +7.79%
• OL: +6.45%
• MENGO: +6.39%
• PROS: +6.25%
• JUP: +6.1%
• WET: +6.09%

24-Hour Crypto-Equity Gainers (Data Source: msx.com):

• SKDD: 14.62%
• MPU: 13.28%
• SOXS: 12.32%
• CLS: 9.99%
• SKHZ: 9.22%
• TER: 7.99%
• AMC: 6.37%
• MIAX: 5.8%
• FIG: 5.49%
• CCXI: 5.47%

2. Trending On-Chain Meme (Data Source: GMGN):

• Solana: FRANK, BNUT
• BSC: MarsCoin, Biyou
• Robinhood: PIPEDOG, CASHCAT

Headlines

SK Hynix Q2 Operating Profit Hits 60.5 Trillion Won, Revenue Misses Expectations

SK Hynix announced its second-quarter results, with an operating profit of 60.5 trillion won, below the market expectation of 64 trillion won. Revenue reached 79 trillion won, also missing the market estimate of 84 trillion won.

The company stated that the average selling price of DRAM in Q2 rose approximately 30% compared to Q1. It expects DRAM shipments in Q3 to increase by around 10% quarter-over-quarter, and plans to expand HBM4 supply in the second half of the year.

SK Hynix projects DRAM market demand to grow 20%-30% year-over-year in 2026, and NAND market demand to grow 10%-20%. The company also plans to increase its 2026 capital expenditure to the high end of the 40 trillion won range.

Musk's Net Worth Nearly Halved from Peak, But Still Over 700 Billion USD

Since SpaceX's stock price peaked in June, Musk's wealth has lost approximately 650 billion USD, while Tesla and SpaceX stocks continue to decline. However, after the sharp drop, Musk's net worth still exceeds 700 billion USD. Investors remain focused on whether AI-driven growth can sustain the high valuations.

trade.xyz Will Fully Compensate for Liquidations Caused by SKHYNIX Price Anomaly

trade.xyz stated on platform X that on July 27 at 23:01 UTC, the SKHYNIX mark price dropped from $1,127.9 to $917.25. This price was based on an executed trade and forwarded by multiple independent data providers. The XYZ oracle was operational in external pricing and tracked the platform, a major pre-market trading venue in South Korea. The oracle system operated as per its specifications. trade.xyz noted that although the system functioned as designed, users were dissatisfied with the liquidations triggered by this anomaly. trade.xyz has decided to compensate for liquidation losses attributable to this anomaly. Eligibility requirements will be announced soon, and distribution is expected to be completed in the coming days. This decision is a one-time discretionary measure and does not guarantee similar future actions. trade.xyz also stated it will further improve the pricing system to handle tail events and expedite the review of price formation methods, including reassessing assumptions about external trading venues and considering price formation within its own order book.

US Senate Aims for Procedural Vote on Clarity Act Before August Recess

US Senate Republicans hope to push the Clarity Act to a procedural vote before the August recess, facing challenges such as a tight legislative schedule, wavering Republican senators, and Democratic concerns over the Trump family's crypto earnings. The bill's fate depends on votes from moderate Democrats, but progressive Senator Elizabeth Warren warned that supporting the bill would compromise with special interests and potentially benefit the Trump family. The core dispute remains the ethics clause. Democrats demand restrictions on Trump profiting from crypto businesses. Senator Ruben Gallego of Arizona is working with Republican Senator Thom Tillis of North Carolina on a counterproposal that would include a mechanism for state attorneys general to jointly enforce the law with the Department of Justice.

Industry News

Correlation Between US Tech Stocks and Korean Stocks Hits Highest Level Since 2021

According to data from asset management firm Rayliant, the 60-day correlation between South Korea's KOSPI index and the Nasdaq 100 has recently climbed to around 0.50, the highest level since 2021. Market participants warn that this closer relationship also brings risks, as the rising correlation erodes the diversification and risk-hedging benefits investors traditionally seek by holding both US and Korean stocks.

South Korea's Mortgage Rates Rise to Highest in Over Two and a Half Years

Data from the Bank of Korea (BOK) on Tuesday showed that due to rising market interest rates, banks' household mortgage rates rose for the second consecutive month, reaching their highest level in two years and seven months. The average interest rate on new bank loans stood at 4.31% last month, up 0.12 percentage points from the previous month. The average corporate loan rate rose 0.14 percentage points to 4.27%, while the average new household loan rate increased 0.04 percentage points to 4.5%. In June, the average household mortgage rate rose 0.04 percentage points to 4.36%, the highest since November 2023. The average rate for non-mortgage household loans was 5.72%, up 0.23 percentage points from the previous month. The BOK stated that retail lending rates have been rising in recent months due to higher market rates. Earlier this month, the BOK raised interest rates for the first time in three and a half years.

Three Korean AI Chip Unicorns Adjust IPO Plans, Combined Valuation Around 9.25 Trillion Won

South Korean AI chip companies Rebellions, FuriosaAI, and DeepX have adjusted their IPO-related plans. Rebellions has pushed its KOSPI listing target to the first half of next year. FuriosaAI aims for the second half of 2028, while DeepX targets 2027 to 2028.

The three companies are respectively pursuing Pre-IPO and Series D funding rounds. Based on valuations, Rebellions is valued at 3.4 trillion won, FuriosaAI at approximately 3 trillion won, and DeepX at around 2.85 trillion won.

Their revenues for last year were approximately 32 billion won, 5.7 billion won, and 3.3 billion won, respectively. Mass production and customer orders include Rebellions' Rebel 100 and Renegade next-generation chips.

SK Hynix: No Signs of AI Investment Slowdown, Will Strengthen HBM Leadership

During an analyst conference call, SK Hynix stated that it currently sees no signs of a slowdown in AI investment and expects AI infrastructure investment to remain robust even after 2027.

The company said long-term supply agreements, typically for 5-year terms with terms varying by customer, will not lead to oversupply. SK Hynix stated it will further strengthen its leading position in HBM through these long-term agreements.

SK Hynix expects bit shipment growth in the second half of the year to be higher than in the first half. The product sales mix affected the average selling price in Q2. The company is currently on track for mass production of HBM4E starting in 2027.

Apple Becomes Second Company to Exceed $5 Trillion Market Cap

Apple (AAPL.O) has become the second company in history to reach a market capitalization of $5 trillion. On Tuesday, Apple's stock price briefly rose 1.8% to $342.89, pushing its market cap over $5 trillion for the first time. The stock price has since retreated. If its closing price exceeds $340.43, it will break through this threshold.

Previously, Nvidia (NVDA.O) reached a record market cap of $5.7 trillion at the close on May 14 but has since lost about $1 trillion in value. Apple (AAPL.O) is currently the largest company in the S&P 500 index.

Amazon Adjusts AI Strategy, Will Gradually Phase Out Most of Its Flagship Models

According to sources, Amazon (AMZN.O) is overhauling its AI strategy, phasing out many internal models, restructuring teams, and concentrating engineers on a new strategy to compete in the frontier field. This restructuring indicates Amazon is refocusing its AI strategy. Instead of spreading resources across multiple text, image, and video models, it is concentrating engineering talent and limited computing resources on its highest priority projects.

According to sources, Amazon is gradually phasing out most of its flagship models, including the high-end Premier and Omni models, the Reel video generation model, and the Canvas image generation model. Some Amazon employees have described these models as being in "KTLO (Keep The Lights On)" status. Resources are reportedly shifting from the existing Nova models to a new frontier model project led by researcher Pete Abel, internally called "Frontier Model Research" (FMR), which has become a top priority for the company this year. Under this initiative, Amazon is developing a new flagship foundational model expected to be unveiled at its annual re:Invent conference this fall. (Business Insider)

SpaceX Down 20% from IPO Price, Market Cap Evaporates $1.2 Trillion from Peak

As investors flee from high-risk tech stocks, SpaceX's (SPCX.O) stock price has fallen 20% from its IPO price. SpaceX shares were down over 5% in early Tuesday trading to around $107, extending the sharp decline from highs seen days after its IPO last month. The market cap has evaporated $1.2 trillion from its peak on June 16, one of the largest market cap evaporations in history.

Recently, complex geopolitical tensions and concerns over supply-demand imbalances and valuation inflation driven by massive spending in the AI ecosystem have battered many large companies in the sector. SpaceX investors are also watching for the potential impact of the lock-up expiration for $1.16 trillion worth of shares (911.5 million shares) on August 6.

Coinbase CEO Urges US Senate to Advance CLARITY Act Vote

Coinbase CEO Brian Armstrong urged the US Senate to advance the CLARITY Act vote on platform X on July 27, stating the bill was formed through years of bipartisan negotiations. Armstrong stated that the CLARITY Act would strengthen law enforcement powers, introduce new consumer protections, and provide a federal regulatory framework for the digital asset industry. He noted that the US currently lacks a federal law that protects consumers or supports the industry's development within the country. US Senate Republicans released an updated version of the CLARITY Act on July 22, covering disclosure standards, registration requirements, anti-fraud provisions, and expanded anti-money laundering obligations for digital asset market participants. CEOs of BlackRock, Fidelity Investments, Charles Schwab, and Goldman Sachs CEO David Solomon have supported the bill.

Project News

Solana Proposes Increasing Mainnet Block Compute Limit by 66% to 100 Million CU

SolanaFloor stated on platform X that Solana plans to increase the mainnet block compute limit from 60 million CU to 100 million CU within less than 24 hours, an increase of approximately 66%. The related upgrade, SIMD-0286, is expected to activate at the start of Epoch 1009.

Hyperliquid Co-Founder Responds to Abnormal SK Hynix Price: Related Contract Deployed and Operated by trade.xyz Team, Investigating Cause

Hyperliquid co-founder iliensinc responded to the abnormal SK Hynix price event on trade.xyz earlier today, stating that Hyperliquid is a permissionless blockchain where different teams can deploy and operate markets based on its infrastructure. The xyz:SKHYNIX perpetual contract was deployed and operated by the XYZ team, which is currently investigating the situation and will provide updates once conclusions are reached.

He also explained that the HIP-3 market deployer is responsible for providing mark price, oracle, and external perpetual contract price data. Using the pricing mechanism for a similar BTC perpetual contract as an example, the protocol uses the median of the latest on-chain trade price, best bid, and best ask as one of three price components. The other two prices are provided by the deployer, and all three influence the final mark price.

Lighter Founder: All Economic Value of Lighter Will Flow to the Token; Equity Structure Converted to Token Structure at TGE

Lighter founder Vladimir Novakovski published an article titled "Equity vs. Token" on X this morning.

In the article, Novakovski clarified that all economic value generated by Lighter will belong to token holders.

Lighter's original intention was always to use venture capital to bootstrap the project until the moment of the token generation event (TGE). Lighter is a US company and exists as a single entity—the entity that issued equity in the years leading up to the TGE is the same entity that issued tokens at the TGE. Apart from converting to a token cap table at the time of the TGE, the equity cap table will no longer have any future function.

More specifically, Lighter completed its final equity fundraising round a few months before the TGE. The round was approximately 5 times oversubscribed, attracting over 3 billion won in interest for a 68 billion won allocation. At that time, all equity stakeholders (including early investors and former employees) were informed of the future plan—that their equity value would only be reflected as shares on the token cap table—and were given the opportunity to sell their equity stakes. Anyone who disagreed with the "all value goes to the token" philosophy could easily exit at a higher valuation. Ultimately, less than 1% of equity holders chose to sell their shares. Everyone else supported Lighter's commitment to "value accrual to the token" by choosing to stay.