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Recently, the gold and silver markets have continued to show strong performance, with trading activity in the metals sector steadily increasing. According to market data from the Gate platform, gold (XAU) is currently priced at $4087.68, with a 24-hour increase of 1.51%; silver (XAG) is currently priced at $58.52, with a 24-hour increase of 1.77%. According to CoinGlass data, the open interest for Gate XAU contracts has reached $192 million, and the open interest for Gate XAG contracts has reached $72.509 million, both ranking in the top two in the industry.Gate has pioneered the trading sector for perpetual contracts and CFD contracts for metals, covering mainstream trading targets such as gold, silver, and platinum, and supports 24/7 trading with USDT settlement. Relying on Gate's innovative unified account system, users can configure diverse assets such as stocks, metals, foreign exchange, indices, and commodities without the need for cross-platform operations, helping users achieve a more flexible and efficient one-stop global asset strategy layout in volatile markets.

Recently, South Korean stock leader SK Hynix has experienced a continuous decline, triggering an increase in the trading activity of related stock derivatives. According to the RootData Pro data panel, in mainstream stock derivatives exchanges:The SKHYNIX contract has generally dropped about 7% in 24 hours, with Lighter and HTX experiencing relatively smaller declines. From the perspective of open interest (OI), Hyperliquid leads with $571 million, followed by Binance with $501 million, and OKX in third place with $82.14 million; in terms of trading volume, Binance has the highest 24-hour transaction amount at $4.15 billion, followed by Hyperliquid at $1.51 billion and OKX at $1.19 billion.The SKHY contract has mostly dropped about 4%-5% across platforms in 24 hours. From the OI perspective, Binance leads with $115 million, followed by Hyperliquid with $110 million, Bitget with $20.22 million, and OKX with $17.41 million; in terms of trading volume, Binance has the highest 24-hour transaction amount at $1.61 billion, followed by XT.com at $482 million, OKX at $387 million, and Hyperliquid at $310 million.From the perspective of price spread, the spread for SKHYNIX on Binance, Bitget, and Bybit is about 0.0032%, Hyperliquid is 0.0054%, and OKX is 0.0076%; the spread for SKHY on Binance, OKX, Hyperliquid, Bitget, Bybit, and Gate is about 0.0081%, indicating high price synchronization. In terms of funding rates, the SKHYNIX contracts on Lighter, OKX, and Hyperliquid have relatively high funding rates, indicating an increase in long position costs.It is reported that SK Hynix announced its Q2 2026 financial report on July 29, with revenue of 79.32 trillion won, operating profit of 60.54 trillion won, and net profit of 93.92 trillion won, all setting quarterly records. However, the performance did not fully meet the market's high expectations, and SK Hynix's stock price once plummeted over 19.3% during the session, setting a record for the largest single-day decline in history. Overall, the funding for SK Hynix (SKHYNIX/SKHY) contracts is mainly concentrated on Hyperliquid and Binance.

According to Hyperliquid News monitoring, a certain whale recently migrated $7.29 million from Ostium to Hyperliquid and opened 10,124 long positions in the S&P 500, worth approximately $74.33 million.This position currently accounts for 13.03% of the market's open contracts.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $276 million, with long positions liquidated at $188 million and short positions liquidated at $87.604 million. Among them, Bitcoin long positions were liquidated at $27.7794 million, Bitcoin short positions at $20.2002 million, Ethereum long positions at $33.7688 million, and Ethereum short positions at $21.9318 million.In addition, in the last 24 hours, a total of 88,310 people were liquidated globally, with the largest single liquidation occurring on Binance - BTCUSDT worth $2.9392 million.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.798 billion, with long positions at $2.358 billion, accounting for 49.15% of the total holdings, and short positions at $2.44 billion, accounting for 50.85%. The profit and loss for long positions is -$111 million, while for short positions it is $45.2692 million.Among them, the whale address 0xb83d..36 has shorted ETH with a 5x leverage at a price of $1869.42, currently showing an unrealized profit and loss of -$2.7469 million.

According to Coinglass data, the total contract open interest for ETH has decreased by 5.03% in the past 24 hours, with the current total open interest at $25.778 billion. Among them, Binance's open interest is $6.488 billion, OKX's open interest is $1.527 billion, Bybit's open interest is $1.595 billion, and Gate's open interest is $2.39 billion.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $308 million, with long positions liquidated at $228 million and short positions liquidated at $80.38 million. Among them, Bitcoin long positions were liquidated at $11.3594 million, Bitcoin short positions at $20.9069 million, Ethereum long positions at $29.4149 million, and Ethereum short positions at $18.1315 million.In addition, in the last 24 hours, a total of 96,393 people were liquidated globally, with the largest single liquidation occurring on Binance - ETHUSDC worth $2.9572 million.

According to monitoring by Lookonchain, a certain whale opened a 3x long position of 37,200 SKHX, valued at 37.3 million USD, and has currently made a profit of 778,000 USD.However, this whale previously incurred losses of over 1 million USD on each of the last 3 trades.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $436 million, with long positions liquidated at $325 million and short positions liquidated at $112 million. Among them, Bitcoin long positions were liquidated at $34.3758 million, Bitcoin short positions at $26.844 million, Ethereum long positions at $36.6617 million, and Ethereum short positions at $37.6838 million.In addition, in the last 24 hours, a total of 113,364 people were liquidated globally, with the largest single liquidation occurring on Binance - ETHUSDT worth $4.7366 million.

According to Gate market data, the South Korean stock market weakened today, with the Southern Double Long Hynix (07709.HK) significantly dropping. As of the Hong Kong stock market's noon closing, this product has fallen by 25.72% today, and the decline since July has reached 81.05%. Data shows that the latest asset size of this product is HKD 31.92 billion, which has shrunk by 70% compared to its peak size.Another leveraged product under Southern Dongying linked to South Korean chip stocks, the Southern Double Long Samsung Electronics (07747.HK), has dropped by 16.56% today, with a decline of 69.55% this month.

According to Jin Shi reports, on Wednesday, Korean retail investors faced forced liquidations of approximately 1.7 trillion won (about 1.2 billion USD) in positions.Jung In Yun, CEO of Fibonacci Asset Management, stated, "Today there are many cases of forced liquidations, and we need to wait until the selling sentiment of retail investors eases before taking action."

According to Edaily, the Financial Services Commission (FSC) of South Korea plans to jointly draft a unified government bill for the "Basic Law on Digital Assets" with the ruling Democratic Party, covering the issuance and circulation of stablecoins, business rules for digital assets, exchange admission requirements, information disclosure, internal control, and system resilience standards. Currently, there are 10 related bills pending review in the National Assembly, but there has not yet been consensus on core disputes such as whether the issuers of won-pegged stablecoins must be bank holding companies and whether to impose shareholding restrictions on major exchanges. The FSC has not yet determined the submission date for the bill.Meanwhile, the opposition party's People Power Party lawmaker Song Yeon-sik submitted a proposal to abolish the cryptocurrency income tax amendment to the National Assembly's Finance and Economy Planning Committee for review on Wednesday. Additionally, a tax abolition petition supported by over 50,000 people is also expected to be submitted to the petition subcommittee. According to the current plan, starting from January 1, 2027, cryptocurrency transfers or lending income exceeding 2.5 million won per year will face a 20% income tax plus a 2% local tax. The government and the ruling party support the timely implementation, while the opposition party believes it is unfair to tax cryptocurrencies when most ordinary stock investors remain tax-exempt.

On Tuesday, Apple's stock price reached an all-time high during trading, briefly surpassing a market capitalization of $5 trillion, and continues to hold the top position globally in terms of market value. According to CoinGlass data, the total contract value of Apple (AAPL) across the network is approximately $128 million. From the platform distribution perspective, tradeXYZ, Binance, and Bitget rank in the top three, collectively accounting for about 85.02% of the market share. Among them:tradeXYZ: approximately 219,200 AAPL held, corresponding to a value of $74.9307 million;Binance: approximately 80,300 AAPL held, corresponding to a value of $27.4616 million;Bitget: approximately 18,900 AAPL held, corresponding to a value of $6.4609 million.

According to monitoring by Lookonchain, as the price of SKHX continues to decline, profits from short positions are expanding. Among them, the whale address 0xEbE1 currently has unrealized profits of over 10 million dollars on its SKHX short position and has additionally earned about 1.23 million dollars in funding fee income.

According to Coinglass data, the current holdings of whales on the Hyperliquid platform amount to $5.098 billion, with long positions totaling $2.508 billion, accounting for 49.19% of the holdings, and short positions totaling $2.590 billion, accounting for 50.81%. The profit and loss for long positions is -$133 million, while the profit and loss for short positions is $61.7549 million.Among them, the whale address 0xb83d..36 has shorted ETH with a 5x leverage at a price of $1869.41, currently showing an unrealized profit and loss of -$2.1327 million.

According to CoinGlass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached 583 million USD, of which long positions accounted for 511 million USD and short positions accounted for 71.9643 million USD, with a total of 129,586 people liquidated.

According to official news, the decentralized exchange aggregator 1inch has officially launched the shared liquidity protocol Aqua for all users. Aqua allows users to support multiple liquidity positions simultaneously with just a token balance, without the need to deposit assets into a liquidity pool. The assets remain in the user's wallet, and only when a transaction is actually executed does the protocol call the corresponding tokens from the wallet through a single atomic transaction to complete the settlement, returning the received tokens and fees to the wallet.1inch stated that this new model, known as "shared liquidity," is expected to address current issues in DeFi liquidity, such as long-term idle liquidity, low capital utilization, and asset custody risks. The protocol was opened to developers last November and is now officially launched for all users, supporting 13 EVM-compatible chains including Ethereum, Arbitrum, Base, Robinhood Chain, and BNB Chain.1inch indicated that there are several structural issues with current DeFi liquidity. Although many protocols have a high total value locked (TVL), a large amount of liquidity remains in inactive price ranges for extended periods, failing to earn trading fee revenue while also bearing market volatility risks. Additionally, liquidity providers (LPs) typically need to split limited funds across different protocols, trading pairs, and price ranges, leading to decreased capital utilization. Furthermore, traditional models require users to deposit assets into liquidity pools, which not only loses other uses of the assets but also means relinquishing asset custody rights and facing risks such as JIT (Just-In-Time) liquidity bots seizing fees. Aqua enhances capital efficiency by registering wallet balances as a shared liquidity source, allowing the same asset to support multiple liquidity positions without transferring asset ownership; when the wallet balance is insufficient to cover a transaction, the protocol will not execute that transaction, thus keeping the user's actual risk always limited by the wallet holdings.

The U.S. stock semiconductor storage sector is showing an overall pullback trend. According to data from the Gate platform, SanDisk (SNDK) is currently priced at $1,279.20, with a 24-hour decline of 10.84%; Micron Technology (MU) is currently priced at $900.98, with a 24-hour decline of 2.08%. Accompanying the sharp price fluctuations of these two assets, the trading activity of derivatives on the Gate platform continues to increase. According to Coinglass data, the 24-hour trading volume of Gate SNDK contracts reached $382 million, with an open interest of $82.2 million; the 24-hour trading volume of Gate MU contracts reached $55.35 million, with an open interest of $21.7 million, both ranking among the top in the network.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $679 million, with long positions liquidated at $536 million and short positions liquidated at $143 million. Among them, Bitcoin long positions were liquidated at $134 million, Bitcoin short positions at $23.8678 million, Ethereum long positions at $80.4039 million, and Ethereum short positions at $51.148 million.In addition, in the last 24 hours, a total of 164,911 people were liquidated globally, with the largest single liquidation occurring in Hyperliquid - XYZ:SKHX-USD worth $24.6139 million.