The funding rate of SK Hynix-related contracts on Hyperliquid surged more than 130% within one hour.

Binance announced that it will adjust the funding rate mechanism for the USDT-margined perpetual contracts of SKHYNIXUSDT, SAMSUNGUSDT, and HYUNDAIUSDT starting from 16:15 UTC on July 14. The funding rate settlement period will be changed from every 8 hours to every 4 hours, and the upper and lower limits of the funding rates for these contracts will be uniformly adjusted to ±0.50%. Specifically, SAMSUNGUSDT and HYUNDAIUSDT will take effect at 20:00 UTC on July 14, while SKHYNIXUSDT will implement the ±0.50% rate limit starting from its 16:00 UTC settlement on the same day. Binance noted that it will dynamically adjust contract parameters in the future based on market risk conditions, including funding rates, minimum price increments, maximum leverage, and margin requirements.

According to an official announcement, to meet users' diversified investment needs, Bitget has launched the KUAISHOU (Kuaishou Technology) stock perpetual contract. The contract is settled in USDT, supports up to 20x leverage, and is available for 24/7 trading. For more details, please refer to Bitget's official platform.

As U.S.-Iran tensions escalate and shipping activity in the Strait of Hormuz plummets, Asian refineries are ramping up spot purchases of U.S. crude oil to hedge against risks of Middle East supply disruptions. Multiple industry executives involved in U.S. crude oil sales and Asian refinery procurement operations said both sides have restarted negotiations for U.S. crude oil spot deals. Data shows that as of Tuesday, observable vessel traffic in the Strait of Hormuz has nearly ground to a halt. Kpler data indicates only 14 vessels passed through the strait last Sunday, including 4 crude oil tankers, a roughly 60% drop from the same period the prior week. Before the outbreak of tensions, over 100 vessels transited the strait daily, carrying around 20 million barrels of petroleum products via the route. Additionally, maritime intelligence firm Windward said the southern route of the Strait of Hormuz, which was escorted by the U.S. military, had "effectively collapsed" last Saturday, with an increasing number of vessels diverting to routes on Iran’s side. The U.S. Department of Energy, however, noted that more than 8 million barrels of crude oil still passed through the strait last Sunday, adding that the U.S. military will continue to ensure unimpeded oil transport.

According to Bit.com market data, US pre-market storage concept stocks are rising: SanDisk (SNDK.O) is up 4.3%, Micron Technology (MU.O) is up 3%, Western Digital (WDC.O) and Seagate Technology are up more than 2.6%.

According to Bit.com market data, SK Hynix’s American Depositary Receipts (ADR) jumped more than 6% at one point in pre-market trading on US exchanges, with the gain now narrowing to 5.95%, standing at $161.42, and its market capitalization rebounded to $1.11 trillion.

According to an official announcement, Huobi HTX launched SNXX/USDT and RAM/USDT perpetual contracts on July 14, both with a maximum leverage of 10x. Concurrently, Huobi HTX kicked off the SNXX and RAM contract trading contest on July 14, running from 15:00 (UTC+8) that day to 15:00 on July 21, with a total prize pool of $20,000. During the event, users who complete registration and trade SNXX/USDT and RAM/USDT contracts, with a cumulative valid trading volume of no less than 1,000 USDT, will be eligible to split the prize pool based on their trading volume rankings; new contract users who trade the event’s target contracts will also receive exclusive benefits.