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South Korea will establish a strategic investment account to invest in strategic industries.

1 hours ago

South Korea has shelved a plan to establish an independent sovereign wealth fund, which was originally modeled after Singapore’s Temasek Holdings and Australia’s Future Fund. Instead, the country will set up a strategic investment account within the Korea Investment Corporation (KIC). South Korea’s Ministry of Finance stated that the account will invest in domestic and overseas sectors critical to national competitiveness and economic security, with investment targets spanning strategic industries such as nuclear energy and aerospace, core areas including finance and infrastructure, as well as overseas supply chains.

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Changxin Storage-related assets, leading the advance, once again become the market focus, with HYPE coin price rebounding over 6% in a single day.

Today, trade.xyz, a platform in the Hyperliquid ecosystem, launched contract trading for Changxin Memory Technologies, a popular market asset, making TradFi once again a hot topic in the crypto market. Likely boosted by this news, HYPE’s price started rebounding at 10 o’clock, according to HTX market data, currently trading at $67.254, with a 24-hour increase of 6.52%.

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Bottom-fishing investors are celebrating as South Korea’s KOSPI index surged 7.94% intraday, while Southern Fund’s double-leveraged long product for SK Hynix rallied over 23%.

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A whale liquidated all its CASHCAT holdings for cash, notching a staggering 952x return.

According to Lookonchain’s monitoring, a crypto whale has just cashed out $2.85 million in CASHCAT, securing an eye-popping 952x return on investment. The whale spent 1.6 ETH (valued at $3,000) to acquire 16.3 million CASHCAT tokens, then sold all of them for 1527 ETH (worth $2.855 million), locking in a $2.85 million profit.

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Trump discusses expanding the scope of strikes on Iran.

Three sources familiar with the matter disclosed that on Tuesday local time, U.S. President Donald Trump held a meeting in the White House Situation Room to discuss a large-scale offensive against Iran. The operation will have a broader scope than the current strikes around the Strait of Hormuz. Trump appears to be seeking to escalate the conflict, aiming to inflict sufficient damage to force the Iranian regime to open the Strait of Hormuz and accept his demands on the nuclear issue.

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Coinbase to List Perpetual Contracts for SK Hynix and Lumentum

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A whale was liquidated after shorting Changxin Memory contracts.

According to on-chain analyst Ai Yi (handle @ai_9684xtpa), a crypto whale was liquidated in just 28 minutes after taking a short position on Changxin Memory Technologies (CXMT), incurring a $44,000 loss on a $22,000 position. Earlier reports indicated that an address holding over $75 million in assets was building long positions.

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