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Bucking the trend and issuing a bullish call: Morgan Stanley upgrades its rating on South Korean stocks to "Overweight", targeting the 9,000 level.

47 minutes ago

Morgan Stanley upgraded its rating on South Korean equities to Overweight, setting a target of 9,000 points, implying 36% upside from current levels. The firm noted that the previous sharp deleveraging cycle is nearing its end, with KOSPI valuations hitting historic lows and presenting a more attractive entry point for investors. Its data shows hedge funds have completed roughly 75% of their deleveraging, while leveraged ETF assets have shrunk by 70% from their peak, leading to a notable improvement in shareholding structure. Shawn Kim, head of Morgan Stanley’s Asia Technology Team, outlined three near-term catalysts for South Korean chip stocks in the report: 1. Capital expenditure: The capital management moves of Samsung Electronics and SK hynix are seen as the most important near-term catalyst. The market is awaiting specific announcements from the two firms on their "value enhancement" plans and capital returns; timing remains unclear, but the expectation itself acts as a potential catalyst. 2. HBM4 pricing: Samsung Electronics recently stated HBM4 will account for around 60% of its total HBM sales by the end of next year. If HBM4 prices hit market expectations of over $3 per Gb, it will provide a positive boost to overall DRAM pricing in 2026 and 2027. 3. iPhone 18 launch cycle: Mobile devices still make up 30% to 40% of global DRAM demand and 25% to 30% of NAND demand. According to feedback from South Korean Apple supply chain members including LG Innotek, Apple holds a positive outlook on the iPhone 18 cycle, projecting year-over-year shipment growth of 5% to 10%. The iPhone 18 is set to launch in September, with the first batch of models being all Pro series (including Pro, Pro Max, and foldable variants). Strong sales would provide a positive tailwind for Samsung Electronics and SK hynix.

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Amid multiple capital inflows, STONKBROKER keeps hitting new highs, emerging as Robinhood’s leading on-chain project.

Due to the overabundance of on-chain token launch platforms and the BSC ecosystem seizing a share of crypto-stock meme tokens, on-chain activity on Robinhood Chain has plummeted sharply recently. Against this backdrop, STONKBROKER, a project within the Robinhood ecosystem, has rolled out several major updates, including a launchpad dedicated to incubating ecosystem projects, and the launch of Broker Box—an FWA-like feature that packages stock tokens for card-draw mechanics. These updates have garnered attention from KOLs and the community, including Ansem, driving the project’s market cap to successive new highs. According to GMGN data, STONKBROKER’s market cap briefly exceeded $48 million this morning, and is now at $42.8 million, with a 24-hour increase of over 20%. This valuation makes it the second-largest project by market cap on Robinhood Chain, trailing only meme coin CASHCAT’s $43.32 million. Additionally, the floor price of STONKBROKER’s key asset, STONKBROKER NFT, is currently at 6.3 ETH, hitting a new high alongside its token price. BlockBeats reminds users that related projects carry significant uncertainty and high price volatility, advising investors to exercise caution.

2 minutes ago

Binance will list GIGADEVUSDT U.SDT-margined perpetual contracts.

According to an official announcement, Binance Futures will launch the GIGADEVUSDT U.S. dollar-margined perpetual contract at 13:30 (UTC+8) on August 3, 2026, with a maximum leverage of 20x. Note: The underlying asset is the H-share corresponding to GigaDevice Semiconductor Group Co., Ltd.

2 minutes ago

Binance Futures to List GIGADEV (Zhao Yi Innovation)

According to an official announcement, Binance Futures will launch the GIGADEVUSDT perpetual contract at 05:30 UTC on August 3. GIGADEV refers to GigaDevice Semiconductor Inc., with its Hong Kong Stock Exchange ticker being 3986.

2 minutes ago

CXMT hits an extreme hourly funding rate of -0.21%, with one short position accounting for 30% of the platform’s total open interest.

According to Hyperinsight monitoring, CXMT is currently trading at $7.73, up around 4.15% in the past 24 hours. However, its current hourly funding rate has fallen to -0.2139%, with the actual settlement rate for the previous hour at -0.1212% — the absolute value of the negative rate has expanded by 76.5%. If the current rate remains unchanged, holding a $10,000 CXMT short position will require paying approximately $21.4 in funding fees per hour, totaling about $171.1 over 8 hours and $513.4 over 24 hours. This extreme negative rate is paired with a notable discount: CXMT’s current mark price is $7.73, while the oracle price stands at roughly $8.02, meaning the contract trades at a ~3.70% discount to the oracle. Its 24-hour trading volume is around $15.22 million, and open interest (OI) reaches approximately $76.03 million, with the position size nearly 5 times the daily trading volume. CXMT currently has 1,072 long addresses and 823 short addresses, giving a long-short ratio of ~1.3:1 by account count. Among large holders with positions exceeding $1 million, there are 5 long addresses and 2 short addresses, pushing the count-based long-short ratio to 2.5:1. However, by position value, the large holder long-short ratio is ~0.94:1, meaning short positions still outpace longs by about 6.5%. The weighted average entry price for large long positions is ~$6.92, while that for large short positions is ~$6.53, with both sides currently sitting at varying degrees of unrealized loss. Monitoring shows short positions are mainly concentrated in an address starting with 0xf29. This address holds ~$22.4 million in CXMT short positions with 1x leverage, accounting for nearly 30% of the platform’s total CXMT OI. The average entry price of this short is ~$6.5, with a liquidation price of $15.9, resulting in an unrealized loss of roughly $3.52 million so far; it has also paid around $1.72 million in cumulative funding fees.

2 minutes ago

Two wallets long 1,364 $BTC ($86.2M) facing liquidation at $61,079

Two wallets are heavily long $BTC, with a combined position of 1,364 $BTC($86.2M). Liquidation prices: $61,079.4 $61,096.7

2 minutes ago

Crude oil’s ongoing slump has pushed a whale who opened 60 long positions to exit the market regretfully, incurring a net loss of $2.43 million from multiple prior liquidations.

According to Hyperinsight monitoring, the whale address starting with 0xc278 has completed 61 BRENTOIL trades since trading Brent crude on March 19, of which 59 were long positions and only 2 were short positions, with a long position ratio of 96.7%. The total net loss from all 61 trades is approximately $2.431 million, with positions worth over $1 million accounting for 99.4% of the total loss. Yesterday morning, its Brent long positions triggered a system liquidation again. The entire liquidation closed out 47,600 BRENTOIL long positions, with a liquidation turnover of about $4.046 million, a weighted liquidation price of approximately $84.99, and a total loss of around $275,000. After the liquidation, the address no longer holds any Brent positions. Before the liquidation, BRENTOIL on Hyperliquid dropped from a high of $91.68 to a low of $82.81 on Sunday, with a maximum decline of 9.7%; its final backup liquidation price was about 7.6% lower than the high. This round of decline mainly occurred after Trump said he would suspend a new round of strikes on Iran and that a Middle East ceasefire agreement was near. The whale had three long positions in early April that lost about $882,000, $513,000, and $460,000 respectively, but afterward it still almost only went long on crude oil, repeatedly recording the largest single liquidation on the network.

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