Ansem: Meme coins are a core entry point for the crypto industry to continuously attract retail investors, and the next key step is to build long-term value.

Trade.xyz launched Changxin Technology (ticker: CXMT) stock contracts this morning. As of press time, the contract is trading at $7.2, a nearly 6x premium to its traditional market IPO price of 8.66 yuan per share. The current open interest for the CXMT contract stands at $1.74 million, with trading volume hitting $983,000. Notably, on July 14, Changxin Technology announced its initial public offering (IPO) on the STAR Market, priced at 8.66 yuan per share. Investors will be able to submit online and offline share applications at this price on July 16 (T date).

Bitget has launched a VIP-exclusive BTC wealth management campaign, which ends at 18:00 (UTC+8) on July 19. The event is open to VIP users who participated in ARX PoolX between 18:00 (UTC+8) on July 7 and 18:00 (UTC+8) on July 14. Eligible users subscribing to the BTC current-account "Simple Earn" product can enjoy an annual percentage rate (APR) of up to 2.5%. For more details, please refer to Bitget’s official platform.

According to monitoring by Onchain Lens, a suspected Bitmine address has just received another 6,000 ETH (valued at roughly $11.2 million) from FalconX. Just five days ago, the same wallet received 20,000 ETH from FalconX, then staked 19,032 ETH (worth approximately $33.2 million) to Ethereum’s Beacon Chain contract.

According to Hyperinsight monitoring, ZEC has been strengthening, rising around 11.1% in 24 hours on Hyperliquid, with a trading volume of approximately $169 million. Since its opening price of $401.42 at the start of the month, ZEC has gained about 37.8% so far this month, currently trading at $553.10. This rally has once again made trader Loracle (0x8de) the on-chain top winner. He currently holds a 10x full-position long on ZEC, totaling 49,563.75 coins, with a notional value of around $27.414 million, an average entry price of $362.28, unrealized profit of about $9.458 million, and a return of roughly 526.7%. His account balance has surged by $6.836 million just today. It is reported that this position was built gradually over more than a month and a half. Loracle re-established his ZEC long base position on May 30; during ZEC's sharp decline due to negative catalysts from June 5 to 6, he bought the dip against the trend, expanding his position to 37,661.1 coins. By June 26, his holdings had increased to 49,564 coins, forming the main position. Since then, this address has fully captured all the upward momentum since July. -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 news.

According to GMGN market data, last night, meme coins on Robinhood Chain saw a broad sell-off correction led by leading token CASHCAT. As of press time, CASHCAT’s market cap has dropped to $138 million, with a 24-hour decline of 12%. Other major meme tokens HOODRAT and JUGGERNAUT both fell by over 25%. Meanwhile, some "utility tokens" rose against the trend during this adjustment. INDEX surged 160% last night after gaining attention from Robinhood team members, with its current market cap at $7.36 million. The project states it will use transaction fees to purchase on-chain stock tokens and distribute them to addresses holding INDEX. Additionally, ARROW, a native DeFi project on Robinhood Chain, rallied 47.56% in the past 24 hours, with its current market cap standing at $22.43 million. BlockBeats reminds users that related tokens are highly volatile, so investors should exercise caution.

The address starting with 0xd1d (full address: 0xd1dd6d99c5fb5d31ff52eacce5046c7158859e85) positioned ahead of a key event for SK Hynix ADR. On Monday evening, the first day SKHY switched from its temporary ticker SKHYV to regular trading, this address began pre-emptive buying of SKHY on Hyperliquid with 10x leverage, completing its final position entry 4 minutes before the official US stock market open at a cost of $77,000. It opened a total of 310 long positions that night, with transaction prices ranging from $150.58 to $153.78, buying 5,000 units for around $764,000, at an average entry price of $152.9, taking all positions near the opening price. Subsequently, SKHY closed at $193.92 on Tuesday, up about 27.1% from its Monday opening price; SKHY is currently trading at $188.73 on Hyperliquid, up about 23.7% from Monday's opening price, with a 24-hour trading volume of around $403 million. The long position currently has a notional value of around $944,000, with an unrealized profit of about $179,000, a return of approximately 233.8% — the highest among large SKHY long positions on Hyperliquid — and is still being held.