Nanfang Double Long SK Hynix ETF Falls Over 21% Intraday

Periscope Analytics analyst Brian Freitas stated in a report that SK Hynix’s newly listed American Depositary Receipts (ADRs) may see a short-term valuation premium. Freitas projects these ADRs will carry a 30% to 35% valuation premium in the very near term, after which the premium will narrow due to limited passive buying interest in these US-listed securities. SK Hynix raised $26.5 billion in its US offering and made a strong debut on Nasdaq last Friday, with its ADRs closing nearly 13% higher. The stock fell 10% in early trading in Seoul today.

Japanese Prime Minister Sanae Takaichi reaffirmed during her pre-recorded opening address at WebX 2026 that the Japanese government will step up support for startups. She noted that with the synergy between the Web3 conference and government support policies, Japan’s innovation ecosystem is poised for further growth. Takaichi first touched on WebX’s positioning, stating that as one of Asia’s largest conferences focused on Web3 social applications and built on blockchain technology, WebX draws around 15,000 global attendees, making it highly significant. “This conference attracts numerous startups and hosts matchmaking events with various investment institutions,” she said. “For Web3 practitioners, it serves as an important platform for equal exchanges on the future of society and industry, mutual knowledge enhancement, and fostering further business collaborations—holding great importance.” Successive Japanese cabinets have consistently advanced Web3 strategies. Since the Kishida administration formulated the “Five-Year Startup Development Plan,” both the Ishiba administration and the current Takaichi administration have leveraged the WebX platform to directly convey policy signals to the industry. This demonstrates that Japan’s policy direction for promoting Web3 development has remained unchanged despite cabinet reshuffles, maintaining strong policy continuity.

According to HTX market data, Bitcoin has fallen below $63,000, currently trading at $62,979, with a 1.62% decline in the past 24 hours.

According to Bitget's market data, WTI crude oil futures extended their intraday rally to 4%, while Brent crude futures rose nearly 4% following the earlier escalation of US-Iran tensions.

As renewed tensions in Iran push up oil prices and spark market speculation that the Federal Reserve may need to raise interest rates to curb inflation, the yield on the 2-year U.S. Treasury note has climbed to its highest level since early 2025. The rate-sensitive 2-year Treasury yield rose as much as 3 basis points to 4.24%, hitting a new high since February 2025; the benchmark 10-year Treasury yield also gained 3 basis points to 4.59%. Swap market data shows the market has now almost fully priced in the expectation of a Federal Reserve rate hike in September, compared with a roughly 66% probability a week ago. “The market is currently very sensitive to news related to Iran,” said Kenneth Crompton, head of rates strategy at the National Australia Bank. “The market did not expect tensions to repeat the situation seen in March, but given the ongoing attacks over the weekend and strikes on Russian oil refining facilities, a sense of caution is creeping back into market sentiment.”

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.