BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

Trade.xyz has officially launched perpetual contract trading for GigaDevice (stock code: GIGADEV), with a maximum leverage of 10x. GigaDevice is a leading Chinese semiconductor company, primarily engaged in the design and sales of products including flash memory, microcontrollers, and sensors, and ranks among the largest players in China’s domestic flash memory market. Founded in 2005, it listed on the Shanghai Stock Exchange in 2016 and completed a secondary listing on the Hong Kong Stock Exchange in early 2026. As a key representative of China’s chip self-reliance drive, GigaDevice has recorded rapid revenue and profit growth in recent years, attracting significant market attention.

According to Bitget market data, Hong Kong-listed storage concept stocks opened higher across the board. The Nanfang 2x Leveraged Long SK Hynix product surged nearly 15%, the Nanfang 2x Leveraged Long Samsung Electronics product rose over 10%, GigaDevice advanced more than 3%, and Montage Technology climbed nearly 2%.

According to Bitget market data, SBI Funds Management, India’s largest asset management firm, listed on the Bombay Stock Exchange on July 21. It closed up 6.2% on its debut day at 609.75 rupees, with a market capitalization of 1.24 trillion rupees (approximately $128.9 billion), making it India’s second-largest listed fund management company, second only to ICICI Prudential Asset Management. SBI’s IPO raised $10.3 billion, the largest IPO in India so far this year, and attracted around $310 billion in subscriptions last week. Its cornerstone investors include BlackRock, as well as sovereign wealth funds from Singapore, Abu Dhabi and Norway, which together contributed approximately $278.5 million. SBI Funds is a joint venture between India’s largest bank, the State Bank of India, and Europe’s largest asset management firm Amundi, with assets under management reaching 12.5 trillion rupees as of March 2026.

Twitter co-founder Jack Dorsey’s company Block has officially launched Buzz, a team-focused group chat and collaboration platform that brings humans and AI agents into the same conversation space. Dorsey describes Buzz as “model-agnostic, decentralized, self-sovereign, and fully open-source.” Buzz’s interface closely resembles Slack, but it natively integrates AI agent functionality and GitHub project management capabilities within the same window, merging multiple workflows into a single workspace. Being fully open-source, developers can access the complete source code to build custom features and deploy instances based on their team’s specific needs and workflows, enabling deep customization. Team collaboration tools are currently undergoing a structural shift from “human-to-human collaboration” to “human-AI agent hybrid work,” and Buzz aims to capitalize on this transition window via its open ecosystem.

According to Lookonchain’s monitoring, a crypto whale liquidated its entire Ethereum position after holding the asset for five months. The whale sold 1,862.3 ETH at an average price of $1,923, totaling $3.58 million, incurring a loss of $1.42 million (a 28% decline). It purchased the same amount of ETH in January this year, when Ethereum prices were falling, at an average price of $2,685.

According to Bitget market data, South Korean chipmaker SK Hynix (ticker: SKHX) is trading at 1,977,000 won (equivalent to roughly $1,336) per share during its intraday session. Per BIT (bit.com) market data, SK Hynix American Depositary Receipts (ADR, ticker: SKHY) stand at $173.4 in U.S. post-market trading. Based on the conversion ratio of 0.1 underlying South Korean shares per ADR, the current ADR premium is around 29.8%, widening further from the recent 25% level. SK Hynix ADRs and their local South Korean shares have been convertible since July 29, with five trading days remaining in the conversion window.