SK Hynix dropped more than 9.6% after a whale that profited from both long and short trades saw its two major long positions post an unrealized loss of $1.8 million.

According to Bitget's market data, WTI crude oil futures extended their intraday rally to 4%, while Brent crude futures rose nearly 4% following the earlier escalation of US-Iran tensions.

As renewed tensions in Iran push up oil prices and spark market speculation that the Federal Reserve may need to raise interest rates to curb inflation, the yield on the 2-year U.S. Treasury note has climbed to its highest level since early 2025. The rate-sensitive 2-year Treasury yield rose as much as 3 basis points to 4.24%, hitting a new high since February 2025; the benchmark 10-year Treasury yield also gained 3 basis points to 4.59%. Swap market data shows the market has now almost fully priced in the expectation of a Federal Reserve rate hike in September, compared with a roughly 66% probability a week ago. “The market is currently very sensitive to news related to Iran,” said Kenneth Crompton, head of rates strategy at the National Australia Bank. “The market did not expect tensions to repeat the situation seen in March, but given the ongoing attacks over the weekend and strikes on Russian oil refining facilities, a sense of caution is creeping back into market sentiment.”

According to Hyperinsight’s monitoring, SK Hynix’s price plummeted rapidly, triggering a cascade of long position liquidations. Over the past 4 hours, total liquidations of SK Hynix’s US stocks and spot contracts reached around $24.79 million, surpassing BTC and ETH to rank first across the network; among these, SKHX also recorded the largest single liquidation amount on the network in the same period. This round of liquidations was mainly concentrated among 3 whale long positions. Over the past ~2 hours, 3 addresses triggered 10 forced liquidations in succession, totaling ~$13.95 million in long positions liquidated, with losses of around $1.59 million. The liquidation price dropped from approximately $1,391 to $1,309, a range decline of nearly 6%. As of press time, one of the three whale addresses (starting with 0x4b2) has not been fully liquidated yet, currently holding ~687 SKHX long positions with a nominal value of ~$900,000, a position return of roughly -119%, and a liquidation price of $1,292, which is less than $20 away from the current price, remaining in a high-risk liquidation zone. - HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (message sending permission must be enabled) to automatically sync on-chain information.

Fed Whisperer Nick Timiraos noted that last month, Walsh, in his first meeting as Federal Reserve Chair, presided over a unanimous decision to keep interest rates unchanged. Reaching that consensus was straightforward at the time, as there was little willingness for action within the committee. However, maintaining this consensus in the weeks ahead will grow far more difficult. Some of Walsh’s colleagues have seen their concerns about inflation intensify, and they may push to discuss interest rate hikes when the Federal Reserve holds its meeting on July 28-29. This week, during his congressional testimony, Walsh will have the opportunity to steer the formation of this consensus, armed with the latest June inflation data—the final major data release before the meeting.

Circle co-founder Jeremy Allaire published an article arguing that "an economy run by software agents must rely on software-based currency, smart contracts, and software governance to function; otherwise, it cannot be realized at all," calling for accelerating the construction of on-chain financial infrastructure.

The Bank of Korea (BOK) released a report on Monday stating that the global semiconductor market remains undersupplied, and the current AI-driven "super cycle" is expected to persist for some time. The central bank used the report to refute investor concerns that the chip cycle has peaked. The BOK noted in the report: "Although semiconductor demand has surged sharply due to investment in AI infrastructure, the pace of supply expansion remains relatively slow." It added that there are no signs of a slowdown in the semiconductor cycle.