According to BlockBeats, on July 29th, Bitget data showed that the South Korean KOSPI index fell below 5800 points, hitting a new low since April, down 4.5% on the day. SK Hynix fell more than 8.3%, and Samsung Electronics fell 3.8%.

According to BlockBeats, yesterday morning, only one share of SK Hynix was traded in the South Korean pre-market, at 1,272,000 won, equivalent to approximately $868. This trade of less than $900 was subsequently included in TradeXYZ's pricing system, causing the SKHX perpetual contract to plummet from $1,128.2 to a low of $927 within one minute. Within three minutes, hundreds of accounts were taken over by the system. Over the next four hours, the liquidation amount rose to approximately $80 million. If Trade.xyz subsequently compensates for all liquidation losses caused by this price anomaly, as announced, the compensation could reach approximately $80 million.

According to HyperInsight's transaction-by-transaction statistics of on-chain addresses, SKHX saw approximately $79.398 million in liquidations within a short period, with open interest decreasing from $481 million to $331 million, a reduction of about $150 million. The top three addresses on the liquidation list collectively lost $14.7754 million, with the address starting with 0x320 suffering the largest loss of approximately $3.957 million, resulting in a loss of about $2.045 million.

Trade.xyz issued an announcement this morning regarding the Hynix contract price spike: it has decided to cover all liquidation losses caused by this price anomaly in a one-time discretionary manner. Specific eligibility requirements will be announced soon, and the compensation is expected to be completed within a few days. However, it clearly stated that this decision "does not constitute a guarantee against similar situations in the future."

For more related reports, see "$868 Levers a $500 Million Hynix Contract Market: The Truth Behind Hyperliquid's Price Manipulation".

According to BlockBeats, on July 29th, Nvidia CEO Jensen Huang met with U.S. Commerce Secretary Howard Lutnick on Tuesday. Huang's trip aimed to meet with leaders from both parties to discuss Nvidia's plan to manufacture $500 billion worth of technology products in the U.S. over four years to strengthen the national supply chain, as well as the U.S. leadership in AI, including its leading position in open source.

Jensen Huang's itinerary in Washington this week also includes meetings with Senate Intelligence Committee ranking Democrat Mark Warner and other members of Congress from both parties. Meanwhile, the Trump administration is finalizing a new framework requiring state-of-the-art AI models to grant early access to the U.S. government before release and is weighing its policy stance on open-source AI.