Chairman of SK Group: South Korea Needs to Transform into an "AI-Native" Country

According to monitoring by Onchain Lens, a whale has accumulated 1.58 million LINK tokens via multiple transactions from Binance over the past week, worth approximately $13.2 million.

NVIDIA CEO Jensen Huang said in an interview with Bloomberg’s podcast that South Korea is in a "golden age," and its semiconductor and industrial capabilities can help build global AI infrastructure. NVIDIA has reached multiple partnerships with SK Group, with the two sides’ future business dealings in areas including memory procurement, AI supercomputers, and data center construction set to exceed $500 billion. NVIDIA will purchase large volumes of memory chips from SK Hynix for years to come, and will jointly advance the technology roadmap for products ranging from HBM2, HBM3, HBM3E, HBM4, HBM4E to subsequent generations. Meanwhile, SK Telecom plans to expand its AI cloud infrastructure to a maximum of 2 gigawatts in the near term, with NVIDIA set to supply it with supercomputers. The partnership covers both NVIDIA’s memory procurement and SK Group’s purchases of AI infrastructure. Huang believes that as AI agents and robots begin to use computers at scale, chip demand will no longer be driven solely by human users. Over the next decade, the global semiconductor industry may need to expand to 10 times its current size. Currently, resources such as HBM memory, land, power, and data center construction are all tight. The industry could potentially double its scale annually, but faster expansion will be very challenging. The entire industry could double its supply scale each year, but land, power, and factories cannot expand as quickly as consumer electronics equipment, so AI infrastructure construction may proceed at a constrained pace over the next decade. When discussing AI competition between China and the U.S., Huang said both countries have excellent AI researchers. Although their resources, conditions, and constraints differ, both will continue to advance AI technology. China may train more AI researchers annually than the rest of the world combined, and the U.S. still needs to continue learning, cooperating, and maintaining competition.

According to on-chain analyst Ai Yi (@ai_9684xtpa), the largest short address of Changxin Memory Technologies (CXMT) is still adding to its position. Two hours ago, this address added 2 million USDC in margin to Hyperliquid and continued placing limit sell orders via TWAP. Currently, the address holds 2.072 million CXMT in 1x leveraged short positions, with a notional value of approximately $12.78 million, an average entry price of $6.4434, and an unrealized profit of around $563,000. Additionally, there are still 435,677.8 CXMT limit sell orders at $6.11 that remain unfilled, with a total value of about $2.66 million.

According to monitoring by Onchain Lens, Hyperliquid generated approximately $1.4 million in fees over the past 24 hours, burning 20,640 HYPE tokens valued at around $1.2 million. To date, Hyperliquid has cumulatively burned 47.27 million HYPE tokens, worth roughly $2.76 billion, accounting for 4.73% of its maximum total supply of 1 billion HYPE.

According to on-chain analyst Ai Yi (@ai_9684xtpa), BitMEX founder Arthur Hayes received 644.723 ETH from FalconX 8 hours ago, valued at approximately $1.2 million. The transaction size matches the USDC he transferred three days prior, strongly indicating a buy operation. Since July 15, Hayes has accumulated 3,914.84 ETH via multiple market makers and trading platforms, at an average purchase price of $1,908.86, resulting in an unrealized loss of roughly $113,000.

Renowned trader Killa posted that roughly 80% of cycle top indicators never triggered during the last Bitcoin bull run, and a similar situation could occur with bottom indicators in the future, meaning market bottoms cannot be judged by mechanically relying on historical signals. He noted that the supply of long-term holders currently in a loss state has exceeded levels seen during the FTX collapse and is approaching those of the 2018 bear market. Bitcoin’s realized price is currently around $50,000; in every past cycle, the price has tested the realized price of long-term holders, so a return to this region remains possible. However, Killa said it should not be assumed that Bitcoin will definitely drop back to this level. Many top indicators failed to trigger in the last cycle, and some bottom indicators may also become invalid in the future. Regardless, the current level of market loss is already comparable to that during the FTX incident and the 2018 bear market.