Chip boom pushes up housing prices, South Korea tightens real estate controls around its semiconductor hubs.

Well-known investor and Chairman of Shenzhen Oriental Harbour Investment Management Co., Ltd. Dan Bin stated in a social media post that he expects ChangXin Memory Technologies to reach a market cap of 2 trillion, 3 trillion, or even 5 trillion yuan after its listing, dubbing it a new "Mount Everest" for China's A-share market. Earlier reports noted that ChangXin Memory's STAR Market IPO has obtained registration approval from the China Securities Regulatory Commission (CSRC). The offering is planned to raise 29.5 billion yuan, making it the second-largest fundraising project in STAR Market history, only behind Semiconductor Manufacturing International Corporation (SMIC). In Q1 2026, ChangXin Memory posted revenue of 50.8 billion yuan, a year-on-year surge of 719.13%, with net profit attributable to shareholders standing at 24.762 billion yuan. The company is projected to generate 110 billion to 120 billion yuan in revenue in H1 2026, and net profit attributable to shareholders is expected to range between 50 billion and 57 billion yuan.

According to Hyperinsight monitoring, AI chip stock Cerebras (CBRS) surged sharply in a single day, rising 17.9% in 24 hours to trade at $216.54. Since well-known US stock trader Serenity called for a long position and stated he opened positions at $170, his floating profit now stands at 27.4% based on the current price. Hyperliquid whale data shows the total nominal short position size is approximately $14.1 million, 3.73 times the long position size of $3.8 million; the average entry price for shorts is around $275.58, while longs average $207.2. The nearest short liquidation line is currently at $284.52, about 31.4% above the current price. Notably, a whale that went short at the high of $284.51 on May 15 (3x leverage, position size of ~$7.09 million) faced a short squeeze amid this rally, with its floating profit dropping from ~$3.98 million the previous day to ~$2.27 million, erasing roughly $1.7 million in a single day. On the news front, multiple investment banks have recently collectively raised the company’s target price: UBS lifted its target from $300 to $320, Morgan Stanley initiated an "Overweight" rating with a $250 target, plus ARK’s buying spree last week and Citigroup’s bullish outlook. The stock has been rebounding steadily since hitting an all-time low of $160.81 on June 26. -HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as admin (enable message sending permission) to automatically sync on-chain news.

According to market data, Hong Kong-listed optical communication stocks are strengthening. Haiguangxin is up over 5%, Yangtze Optical Fibre and Cable has gained more than 6%, while Lens Technology and Sunny Optical Technology are also seeing gains.

Independent semiconductor and AI research firm SemiAnalysis has released a report stating that ChangXin Memory Technologies (CXMT) has become the world’s fourth-largest DRAM player, exerting greater pressure on storage suppliers including SK Hynix, Samsung, and Micron. While the company is expanding production capacity and may continue to ramp up output in the coming months supported by significant cash flow accumulation, it still faces key challenges in equipment, technology, and the market. On the equipment front, CXMT remains subject to export controls on multiple types of advanced semiconductor equipment for DRAM and HBM production, including EUV lithography systems, advanced etching tools, and TSV-related equipment. The firm still faces hurdles across multiple manufacturing stages, each requiring distinct equipment capabilities, process maturity, and integration expertise. Technically, CXMT’s DRAM process technology lags behind leading manufacturers by several generations, with an even wider gap in the HBM space. As advanced equipment plays an increasingly critical role in next-generation DRAM scaling, this challenge may grow more difficult over time. CXMT’s rise should not be seen as a factor ending the storage cycle or an imminent threat to leading storage firms, but rather as a long-term structural competitive force. In the short term, the DRAM supply shortage is so large that CXMT’s incremental output cannot meaningfully ease market tightness; this current supercycle remains defined by constrained supply, rising storage content, HBM wafer absorption, and AI-driven demand acceleration.

According to Bitget's market data, some Hong Kong-listed artificial intelligence (AI) stocks moved higher, with Zhipu surging over 10%, Smart Drive Technology climbing more than 5%, and Yangtze Optical Fibre and Cable advancing by over 4%.

According to monitoring by Hyperinsight, today’s largest BTC position holder on the Hyperliquid platform is short-term day trader 0xa44. The address has notched 11 consecutive wins in the recent volatile market and typically executes large entry and exit positions within a single trading day. One hour ago, the trader went long 184.3 BTC with 40x leverage, valued at roughly $11 million at an average price of $59,852, and has placed a take-profit order set at $60,500.