A $950 billion mega order fails to stem South Korea's stock bear market; SK Hynix opens higher then slides, currently down 0.8%

According to official data, Changxin Technology (CXMT) has seen its contract positions on trade.xyz exceed $100 million.

According to Hyperinsight monitoring, following CXMT’s listing, the largest sell order on Hyperliquid originated from the address starting with 0xdb0. This address currently has 98 CXMT sell orders placed, spanning a price range of $7.32 to $23, totaling 1.425 million units sold, with a notional value of approximately $24.982 million. Data shows this address currently holds 2,462.5 CXMT short positions; if the above sell orders are gradually filled, it will further expand its short exposure. Meanwhile, another whale address starting with 0xf29 is facing substantial unrealized losses: this address shorted 2.6 million CXMT units with 1x leverage, with a position value of approximately $18.304 million, an average entry price of $6.4083, current unrealized losses of around $1.642 million, and a liquidation price of $16.9078. However, this whale has pre-set an exit strategy for a price pullback, currently placing 300 "take-profit" buy orders in the $2 to $4.5 range, planning to repurchase all 2.6 million short positions, with a notional value of approximately $8.35 million. If CXMT pulls back later, this range may serve as its batch position-closing zone. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.

Leading domestic Chinese storage giant ChangXin Memory Technologies listed on the STAR Market, setting multiple A-share market records on its debut trading day: 1. It is the first A-share tech stock to open with a market capitalization exceeding 3 trillion yuan, with an opening total market cap of around 3.31 trillion yuan; 2. It topped the STAR Market’s market capitalization rankings, overtaking Semiconductor Manufacturing International Corporation (SMIC) to become the board’s largest listed company; 3. It is the first individual A-share stock to log a daily turnover of over 100 billion yuan; its trading volume exceeded 100 billion yuan in the first hour of listing, with full-day turnover expected to hit another record; 4. It is the first new A-share issue to post both a daily turnover of over 100 billion yuan and a turnover rate above 50%. The massive trading volume and high turnover reflect unprecedented market activity.

Coinbase CEO Brian Armstrong recently told crypto KOL Ansem during an interview that he completely misjudged the community in the incident where changing his X profile picture led to a plunge in the related meme coin. The previously viral meme coin Brain uses the native B20 token standard launched via Base chain’s Beryl upgrade, with its name derived from Coinbase CEO Brian Armstrong. Armstrong briefly changed his X profile picture to match the token’s icon, sparking community speculation and driving a rapid surge in trading volume. After Armstrong updated his X profile picture again, the meme coin faced massive sell-offs and gradually headed toward zero value. As a result of the incident, Armstrong was shunned by the crypto community.

According to an official announcement, Bithumb will list the BANK/KRW trading pair.

Changxin Technology's trading volume surpassed 100 billion yuan, becoming the first individual stock in A-share market history to post a single-day turnover exceeding 100 billion yuan. The stock is now trading more than 472% higher, with a turnover rate of nearly 49%.