Southern’s double-leveraged long product targeting SK Hynix and Samsung saw its decline widen to over 19%, hitting new lows not seen since May for both.

According to official sources, Robinhood is seeking approval from the U.S. Securities and Exchange Commission (SEC) to establish a special investment fund for its employees, named the "Robinhood Employee Fund". The fund allows employees to pool their capital for collective investment in stocks, real estate, and other asset classes. Robinhood stated that the primary purpose of setting up the fund is to enhance its competitiveness in recruiting and retaining talent. Since investment funds are typically subject to strict regulation to protect investor interests, Robinhood is requesting the SEC to grant exemptions from certain relevant rules, while committing to complying with core requirements such as anti-fraud and auditing. Currently, large financial institutions including Goldman Sachs, Blackstone, and KKR also operate similar employee investment funds. Robinhood aims to provide employees with comparable investment opportunities by establishing an internal investment tool.

According to Hyperinsight monitoring, the whale wallet starting with 0x0c349 currently only holds two 10x isolated long positions: SK Hynix (SKHX) and Micron Technology (MU). Amid this week’s consecutive plunge in the storage sector, both positions are nearing liquidation lines, with cumulative losses on these two longs totaling approximately $1.461 million. Position details: SK Hynix (SKHX, 10x isolated): current price ~$1,166.1, just ~5.9% away from its liquidation price of ~$1,097; Micron Technology (MU, 10x isolated): current price ~$824.1, ~5.1% away from its liquidation price of ~$782. The combined value of the two long positions is ~$4.042 million. Facing the approaching liquidation threshold, the whale reduced both positions for stop-loss this morning, realizing a total loss of ~$162,000. Adding the realized loss to the total, cumulative losses now stand at ~$1.461 million, marking the latest large-scale near-liquidation case on Hyperliquid. - HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as an admin (enable message sending permission), and it will automatically sync on-chain news.

According to Forbes, Australia is set to implement major changes to its capital gains tax (CGT) regime, impacting long-term investors including those in cryptocurrency. The current 50% CGT discount for assets held for more than 12 months will be scrapped effective July 1, 2027. The new regime will replace the existing discount with two measures: cost-base indexation and a minimum 30% CGT rate. Cost-base indexation allows investors to adjust an asset’s original cost upward to account for inflation, reducing paper gains driven by rising prices, while the new rules set a minimum 30% tax rate on capital gains. Under the transition arrangement, capital gains realized before July 1, 2027 will generally remain eligible for the old regime’s 50% discount. Gains realized after that date will fall under the new tax rules, meaning long-held crypto assets may require separate calculations for gains accrued in the two periods. Australian crypto investors are advised to organize their transaction records, cost bases, and asset valuations as of the 2027 transition date in advance to accurately separate gains under the old and new tax systems. Additionally, some long-term holders may need to evaluate selling their assets before the new rules take effect to take advantage of the current tax benefits.

UK police have announced that three men have been sentenced to prison for their involvement in a cryptocurrency fraud scheme, which saw the gang steal over ￡4 million (approximately $5.4 million) worth of crypto assets from victims. Investigations revealed the group posed as police officers, luring victims to visit fake police websites. After victims operated on the fraudulent sites, scammers obtained their cryptocurrency wallet details, transferred the assets, and laundered the funds through a complex financial network. UK police noted that this case further underscores the risks of social engineering attacks and impersonation tactics in crypto fraud, reminding users to stay vigilant and avoid entering wallet or account information on unvetted websites.

Chinese President Xi Jinping stated at the World Artificial Intelligence Conference that the world has entered an unprecedented era of artificial intelligence (AI) innovation, with AI emerging as a new engine for global economic growth. Xi emphasized the need to seize the historic opportunity of AI development, encourage the growth of open-source AI, and advance the formation of a global consensus on an AI governance framework. He also pointed out that AI development should not be dominated by a single country, calling for strengthened international cooperation to make AI technology more open and inclusive.

According to an official announcement, to meet users' diverse investment needs, Bitget has launched four stock perpetual contracts: CPNG (Coupang), PKX (Posco), MUFG (Mitsubishi UFJ Financial Group), and TM (Toyota Motor). All these contracts are settled in USDT, support up to 20x leverage, and are available for 24/7 trading. For more details, please refer to Bitget's official platform.