U.S. CPI: +2.9% YEAR-OVER-YEAR (EST. +2.9%); U.S. CORE CPI: +3.2% YEAR-OVER-YEAR (EST. +3.3%)

Meritz Securities’ research report points out that spot prices for server DRAM have surged recently, exceeding $3,100, a 146% premium over the $1,380 contract price at the end of June. Key drivers include demand from sovereign AI projects such as Saudi Arabia, new AI data center testing needs, and extreme supply tightness among suppliers. Meritz Securities emphasizes that the spread between spot and contract prices is a critical indicator. Since mid-July, spot prices have risen sharply amid surging AI demand. The firm believes the current situation is similar to the sudden order rush in the server market back in January this year, and predicts that a potential increase in contract prices after hyperscalers release their financial reports could drive a rebound in memory stocks.

According to Bitget’s market data, South Korea’s KOSPI index closed down 304.33 points on Monday (July 20), falling 4.46% to 6516.27 points. SK Hynix dropped 4.23%, while Samsung Electronics fell 4.31%. Notably, the Southern 2x Long Hynix ETF on the Hong Kong stock market surged 14% against the trend today. Market analysis points out that this phenomenon may stem from price dislocation caused by liquidity issues and market maker dysfunction. In addition, ETF leverage reset and rebalancing feedback could also be among the factors driving the reverse fluctuation.

According to monitoring by Onchain Lens, Abraxas Capital has transferred assets worth $18 million to a centralized exchange (CEX). Specifically, 10 million USDT and XAUT valued at $4 million were sent to Binance, while XAUT worth $4 million was transferred to Bitfinex.

According to Hyperinsight monitoring, CXMT’s marked price on Hyperliquid stands at $6.7274, down approximately 6.97% from the previous day, hitting a low of $6.62, with a 24-hour trading volume of around $6.837 million. As CXMT pulls back, the largest short whale starting with address 0xf292 still maintains a large-scale rebound and short sell order above. Yesterday afternoon, this address placed 100 non-position-reducing sell orders, priced between $7.50 and $9.00, totaling about 1 million contracts, with a total order value of approximately $8.3228 million and a weighted average order price of around $8.32. The order size has exceeded CXMT’s total 24-hour trading volume. The lowest tier of these orders ($7.50) is about 11.5% higher than the current price, while the weighted average order price is roughly 23.7% higher than the current price. As of press time, this address currently holds 188,400 CXMT in a 1x isolated short position, with a position value of approximately $1.2672 million, average entry price of $6.8567, and liquidation price of around $12.4847; unrealized profit is about $24,400, with a return rate of roughly 1.89%. If all the above sell orders are filled, its short position will expand to approximately 1.1884 million contracts (6.3 times the current size), with the combined average entry price expected to rise to around $8.09, corresponding to a notional size of about $9.615 million. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as admin (enable message sending permission) to automatically sync on-chain information.

According to Bloomberg, manufacturing the world’s most advanced semiconductors requires massive energy consumption and reliance on rare mineral resources. CuspAI, a UK-based AI startup founded just two years ago, is betting artificial intelligence can optimize this process, and has raised nearly $500 million in funding for the effort. On Monday local time, CuspAI announced the launch of the AI Materials Foundry Alliance, which brings together over 48 tech giants, industrial enterprises and research institutions, including NVIDIA, Meta and Hyundai Motor Group. The alliance aims to integrate members’ computing power resources and research capabilities to jointly develop AI software, helping researchers develop new materials for chip manufacturing and other industries at lower costs and faster speeds, thereby enhancing material R&D efficiency and accelerating innovation in advanced semiconductors and related sectors.

Morgan Stanley analyst Adam Jonas, who has long tracked and researched SpaceX, has set a base target price of $300 per share for the company. This target implies significant upside potential, more than double SpaceX’s current share price. However, this ambitious target price hinges on SpaceX being far more than just a space company—it is essentially a bet on vertical integration. Morgan Stanley projects SpaceX will grow at an astonishing pace in the foreseeable future. The research assumes the company’s revenue will rise from $18.7 billion in 2025 to $319 billion in 2030, and further to $3.3 trillion by 2040. Most of this growth will stem from the artificial intelligence (AI) sector, as Morgan Stanley expects SpaceX to build orbital infrastructure for global connectivity and AI development.