A whale with total profits of $9.42 million continues to add to its long positions in SK Hynix.

According to official announcements, Mantle today announced that its native cross-chain infrastructure Mantle Super Portal—developed in partnership with Bybit—has migrated from LayerZero to Chainlink CCIP. Powered by CCIP, Mantle Super Portal will feature enhanced cross-chain security, decentralized node infrastructure security guarantees, advanced risk management, and institutional-grade security standards, delivering a higher level of protection for cross-chain transfers of MNT tokens valued at over $2.5 billion. Additionally, as an increasing number of regulated assets, such as tokenized equities, move on-chain, the underlying infrastructure supporting them must meet traditional financial standards. This migration will further solidify Mantle’s position as a "distribution layer connecting traditional finance and on-chain liquidity" and underscores Mantle and Bybit’s ongoing commitment to growing MNT through further integrations, opportunities, and use cases. According to the announcement, Mantle Super Portal will be temporarily offline during the migration period, scheduled from July 9 to 15, 2026 (with a possible slight extension of the timeline). Users do not need to take any action, and transfers will automatically resume once the migration is complete.

According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x3e7…f1589 deposited 5 million USDC at 7:30 PM tonight, then opened a 20x long position in XYZ100 (which tracks the Nasdaq 100 index) worth $16.63 million at an entry price of 29,458. Currently, over $5.3 million worth of TWAP orders are still being filled gradually, with the final position valued at around $22 million.

Market News: SK Hynix has set the issue reference price for its American Depositary Receipts (ADR) at $149 per unit, a 3.1% premium over its closing price in South Korea.

Paxos has announced that PayPal USD (PYUSD) is now officially native-issued on the Polygon blockchain, and is being offered to the market via Polygon’s Open Money Stack. The move aims to provide institutions and enterprises with a federally regulated on-chain USD settlement solution, covering deposit, withdrawal and compliance functions. The Polygon blockchain currently records an average daily stablecoin settlement volume of over $2.5 billion, with a total cumulative settlement volume exceeding $2.6 trillion. PYUSD is issued by Paxos, a national trust chartered institution regulated by the U.S. Office of the Comptroller of the Currency (OCC).

Glassnode says Bitcoin is in the late stages of bottom formation, but capitulation selling by long-term holders remains elevated, with the recent peak in realized losses approaching $280 million daily — the highest level since December 2022. Glassnode notes that this metric needs to shrink significantly for the market to credibly shift back into a bullish state. Last week, Bitcoin rebounded from $58,300 to $64,400 before pulling back to $62,700, and still trades below the short-term holders' cost base of roughly $72,200 and the True Market Mean of around $76,600. Net outflows from spot Bitcoin ETFs have narrowed but remain negative.

U.S. pre-market trading is seeing a flurry of positive catalysts for AI stocks, with U.S. equities expected to stabilize and rebound today led by South Korean heavyweight SK Hynix. 1. Micron Technology plans to invest $3 billion to strengthen its domestic U.S. semiconductor supply chain. 2. Meta Platforms plans to start producing an AI chip in September, as part of its initiative to boost total computing power to 14 gigawatts next year. 3. Starbucks is leveraging artificial intelligence to reduce its reliance on Microsoft and IBM software. 4. Meta Platforms announced it will build a C$130 billion (about $91.7 billion) data center in Alberta, Canada. 5. SK Hynix’s U.S. share offering was oversubscribed by more than 7 times. 6. Tesla’s third-generation Optimus robot has reached initial finalization, with Elon Musk setting strict mass production requirements for its supply chain. 7. Meta has signed long-term flash memory supply agreements with SanDisk and memory supply deals with Samsung to expand its AI infrastructure. 8. Bank of America noted in a research report that NVIDIA’s current valuation has fallen to its lowest level since the start of the current AI bull market, with a forward price-to-earnings ratio of just around 18x, a seven-year low.