Suspected Sonic Labs-Related Address Transfers 11.78 Million S Tokens to Binance, Valued at Approximately $5.55 Million

According to Hyperinsight’s monitoring, SK Hynix’s price plummeted rapidly, triggering a cascade of long position liquidations. Over the past 4 hours, total liquidations of SK Hynix’s US stocks and spot contracts reached around $24.79 million, surpassing BTC and ETH to rank first across the network; among these, SKHX also recorded the largest single liquidation amount on the network in the same period. This round of liquidations was mainly concentrated among 3 whale long positions. Over the past ~2 hours, 3 addresses triggered 10 forced liquidations in succession, totaling ~$13.95 million in long positions liquidated, with losses of around $1.59 million. The liquidation price dropped from approximately $1,391 to $1,309, a range decline of nearly 6%. As of press time, one of the three whale addresses (starting with 0x4b2) has not been fully liquidated yet, currently holding ~687 SKHX long positions with a nominal value of ~$900,000, a position return of roughly -119%, and a liquidation price of $1,292, which is less than $20 away from the current price, remaining in a high-risk liquidation zone. - HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (message sending permission must be enabled) to automatically sync on-chain information.

Fed Whisperer Nick Timiraos noted that last month, Walsh, in his first meeting as Federal Reserve Chair, presided over a unanimous decision to keep interest rates unchanged. Reaching that consensus was straightforward at the time, as there was little willingness for action within the committee. However, maintaining this consensus in the weeks ahead will grow far more difficult. Some of Walsh’s colleagues have seen their concerns about inflation intensify, and they may push to discuss interest rate hikes when the Federal Reserve holds its meeting on July 28-29. This week, during his congressional testimony, Walsh will have the opportunity to steer the formation of this consensus, armed with the latest June inflation data—the final major data release before the meeting.

Circle co-founder Jeremy Allaire published an article arguing that "an economy run by software agents must rely on software-based currency, smart contracts, and software governance to function; otherwise, it cannot be realized at all," calling for accelerating the construction of on-chain financial infrastructure.

The Bank of Korea (BOK) released a report on Monday stating that the global semiconductor market remains undersupplied, and the current AI-driven "super cycle" is expected to persist for some time. The central bank used the report to refute investor concerns that the chip cycle has peaked. The BOK noted in the report: "Although semiconductor demand has surged sharply due to investment in AI infrastructure, the pace of supply expansion remains relatively slow." It added that there are no signs of a slowdown in the semiconductor cycle.

U.S. Central Command announced that it launched a new round of precision strikes against Iran on local time July 12, striking dozens of targets at multiple locations. The Strait of Hormuz is a vital maritime corridor for global trade, and Iran does not control the strait.

According to Hyperinsight’s monitoring, U.S. stock SK Hynix (ticker: SKHY) on Hyperliquid has plunged from around $171.61 today, briefly falling below $160. The largest SKHY long position holder on the platform—an address starting with 0xd52—currently holds a 3x isolated long position in SKHY on Hyperliquid, with a notional size of approximately $27.986 million. As of press time, this long position is showing an unrealized loss of ~$1.433 million (return rate: ~-14.6%), with an average entry price of $169.9468 and a liquidation price of $97.85. - The HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.