Changxin Technology was hit by a 25 million high-priced sell order amid "shorting on the rise", with another short position worth tens of millions pre-setting a take-profit range.

，据官方公告，Bithumb 将上线 GEOD/韩元交易对。

According to monitoring by Onchain Lens, a crypto whale withdrew 281,140 LINK tokens, valued at approximately $2.45 million, from Binance.

Goldman Sachs noted in its latest South Korea market weekly report that despite foreign investors’ consecutive net purchases of the KOSPI recently and Alphabet’s upward revision of its AI capital expenditure expectations further reinforcing the semiconductor demand narrative, the Korea Composite Stock Price Index (KOSPI) still fell around 2% last week. By sector, construction, software and telecom held up relatively well, while securities, automotives and insurance led declines. In terms of market performance, the KOSPI extended its sell-off on July 24, closing 5.72% lower at 6,690.62 points, hitting an intraday low of 6,650.41 points, with programmatic trading briefly suspended. Yonhap News Agency reported that rising Middle East tensions suppressed risk appetite, with foreign investors and institutions combined net selling roughly 5.2 trillion won that day, while retail investors net bought around 5.18 trillion won. Goldman Sachs holds that foreign capital inflows are mainly concentrated in the tech sector, but the South Korean market still faces significant medium-term capital outflow pressure, and foreign holdings in the semiconductor sector are near historical lows. Meanwhile, the KOSPI’s 12-month forward earnings per share (EPS) forecast was cut by 0.4%, with the automotive sector facing the largest pressure on earnings expectation adjustments. Margin leverage is also cooling: the report shows that South Korean retail investors’ margin balance has dropped from a peak of $25 billion to $22 billion, and the size of leveraged ETFs has fallen from $53 billion to $26 billion. For South Korea’s stock market, AI capital expenditure remains a core support, but amid downward earnings forecast revisions, light foreign investor positioning and fluctuating risk appetite, the index’s short-term volatility may continue to expand.

On-chain analyst Ai Yi (@ai_9684xtpa) reports that the largest short seller of Changxin Technology on-chain currently holds a short position of 2.6 million CXMT, valued at approximately $19.85 million, with an average entry price of $6.4083, posting an unrealized loss of $3.062 million.

Jefferies raised Apple (AAPL.O) price target from $299.88 to $308.92.

According to market data, Changxin Technology debuted on the STAR Market, surging over 530% at one point during intraday trading. Its market capitalization reached 3.61 trillion yuan, ranking first among all A-share listed companies and exceeding Intel's July 24 closing market cap of $465.6 billion (equivalent to approximately 3.15 trillion yuan). As of now, Changxin Technology is up 534% at 54.96 yuan, with trading volume exceeding 120 billion yuan.