Zhipu AI's stock fell over 17% intraday, pressured by the launch of Kimi K3 and explicit criticism from Anthropic.

According to Bitget market data, spot gold has broken through the $4,000 per ounce threshold, currently trading at $4,000.3, with a 0.59% gain on the day.

SK Group Chairman Choi Tae-won stated that backed by memory chip demand, SK Hynix’s stock price will maintain a long-term upward trend. “Demand for memory chips is growing exponentially, which explains why SK Hynix and Samsung Electronics’ stock prices have surged rapidly since last year,” he said at a forum hosted by the Korea Chamber of Commerce and Industry on Friday. When asked about the recent stock price decline, he noted that stocks typically rise in line with market expectations before correcting after an overheated rally. “I believe demand for memory chips will persist, so the stock price trend will be upward over time,” he added. Note: On Thursday, SK Hynix and Samsung’s stock prices fell 12% and 8.8% respectively, as South Korean authorities imposed restrictions on leveraged funds tracking chip manufacturers.

Crypto analytics platform Greeks.live reported that on July 17, 19,000 BTC options expired, with a Put-Call Ratio (PCR) of 0.9, a max pain point of $63,000, and a nominal value of around $1.2 billion. Meanwhile, 123,000 ETH options expired, with a PCR of 1.61, a max pain point of $1,800, and a nominal value of roughly $230 million. In terms of market performance, BTC has continued to fluctuate above $60,000 this week, having traded in the $60,000 to $65,000 range for over a month. Sharp swings in U.S. equities (SpaceX and storage sectors) have not yet had a noticeable impact on the crypto market. Looking at options positions, around 5% of options expired this week, leading to a slight drop in overall open interest, mainly due to low market volatility and reduced trading opportunities. BTC’s Gamma Exposure (GEX) is mainly concentrated around $64,000 and $70,000. ETH’s GEX is primarily in the $1,825 to $2,000 range, with a relatively dispersed distribution. Some traders have started positioning for a rebound via slightly out-of-the-money options. The proportion of large bullish trades has continued to rise recently, dominated by short-term bull spread buying strategies. Notably, ETH’s Put-Call Ratio has stayed above 1 for a consecutive month, hitting 1.61 this week. The high proportion of put options outstanding reflects clear market divergence on ETH’s future outlook, with intensified bull-bear rivalry.

According to monitoring by OnchainLens, a whale that previously held 10,000 ETH continues to accumulate Ethereum through its Coinbase Prime account. After withdrawing 30,000 ETH yesterday, the whale pulled an additional 20,000 ETH today, valued at roughly $37.7 million. To date, the total amount of ETH withdrawn from Coinbase Prime by this whale has reached 50,000, with a total value of approximately $95.4 million.

According to official sources, Robinhood is seeking approval from the U.S. Securities and Exchange Commission (SEC) to establish a special investment fund for its employees, named the "Robinhood Employee Fund". The fund allows employees to pool their capital for collective investment in stocks, real estate, and other asset classes. Robinhood stated that the primary purpose of setting up the fund is to enhance its competitiveness in recruiting and retaining talent. Since investment funds are typically subject to strict regulation to protect investor interests, Robinhood is requesting the SEC to grant exemptions from certain relevant rules, while committing to complying with core requirements such as anti-fraud and auditing. Currently, large financial institutions including Goldman Sachs, Blackstone, and KKR also operate similar employee investment funds. Robinhood aims to provide employees with comparable investment opportunities by establishing an internal investment tool.

According to Hyperinsight monitoring, the whale wallet starting with 0x0c349 currently only holds two 10x isolated long positions: SK Hynix (SKHX) and Micron Technology (MU). Amid this week’s consecutive plunge in the storage sector, both positions are nearing liquidation lines, with cumulative losses on these two longs totaling approximately $1.461 million. Position details: SK Hynix (SKHX, 10x isolated): current price ~$1,166.1, just ~5.9% away from its liquidation price of ~$1,097; Micron Technology (MU, 10x isolated): current price ~$824.1, ~5.1% away from its liquidation price of ~$782. The combined value of the two long positions is ~$4.042 million. Facing the approaching liquidation threshold, the whale reduced both positions for stop-loss this morning, realizing a total loss of ~$162,000. Adding the realized loss to the total, cumulative losses now stand at ~$1.461 million, marking the latest large-scale near-liquidation case on Hyperliquid. - HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as an admin (enable message sending permission), and it will automatically sync on-chain news.