According to on-chain analyst Ai Yi, trader yixie10 — described as a smart-money wallet that previously made more than $6.5 million from AI-related bets — had planned to take profit before SK Hynix ADR began formal trading. At that point, the position would have locked in a $320,000 gain. The exit was being executed through a TWAP order, but the order was canceled halfway through. The wallet is now still holding 10,000 ADRs worth about $13.19 million, and the remaining position has shifted into an unrealized loss of $1.914 million. The update tracks a sharp reversal from a profitable exit plan to a sizable paper loss.

BIT Brokerage, formerly Matrixport, said it has launched securities lending for U.S. stocks, allowing eligible users to short designated shares through margin accounts. The rollout follows the platform’s recent launch of margin financing and gives its brokerage business both long and short trading capabilities in U.S. equities. According to the company, users with BIT omnibus margin accounts that meet initial margin requirements can access the new feature. BIT said it will update key risk-control metrics in real time, including margin ratios, borrowing rates, and securities lending pool capacity, to keep trading transparent and efficient. Elio Cui, head of BIT Brokerage, said the addition makes BIT one of the few platforms in the industry operating under a real U.S. stock framework while offering margin financing, securities lending, and options planning. He said the firm’s product design has aimed from the outset to mirror a full traditional brokerage experience within a single account. BIT also warned that short-selling carries market risk and may be affected by market volatility, stock borrowing costs, and interest-rate changes. The company said it will adjust the list of shortable stocks dynamically based on market liquidity and internal risk controls. A limited-time zero-fee promotion has also been introduced alongside the launch.

Multicoin Capital managing partner Tushar Jain said the crypto market has already hit a bottom and is now at a turning point, according to BlockBeats. Speaking on a podcast, Jain said market sentiment has largely been flushed out and that recent negative headlines, including major hacking incidents, failed to trigger broad selling. He also pointed to rising application adoption and a widening gap between asset prices and fundamentals as signs that the market may be reversing. Jain said he remains constructive over the long run on Solana (SOL) and Hyperliquid (HYPE). He described SOL as ideal infrastructure for spot trading and tokenized securities, while calling Hyperliquid a leader in onchain derivatives. He added that both his personal capital and institutional capital remain heavily allocated to the two assets. He also disclosed that Multicoin has accumulated a meaningful share of Zcash (ZEC) supply. Jain said ZEC represents a return to cypherpunk principles and said he believes the token could eventually rank among the top five crypto assets by market capitalization. On portfolio construction, he said he uses a three-part approach: deploy one-third immediately, dollar-cost average another third, and keep the final third in reserve for a sharp drawdown. He added that the team increased its ZEC position after confirming a prior code vulnerability had not been exploited.

WTI crude oil rose 5.0% during the day to $75 per barrel, according to market data cited by BlockBeats on July 13. The report said the move came as news emerged that Iran's Islamic Revolutionary Guard Corps had attacked U.S. military assets in Oman and Bahrain. The update was based on Bitget market data. No other market metrics or follow-up details were disclosed in the source item.

WTI rose past $75 per barrel, with the contract up 4.88% on the day, according to market data cited by Odaily and sourced from Gate. The brief update was published as a 7x24 newsflash and did not include additional pricing context, trading range details, or other market metrics beyond the intraday gain and the move above the $75 level.

A cross-platform price gap opened up in SKHYNIX perpetual futures after the sharp sell-off in SK Hynix extended, according to monitoring data cited by BlockBeats from Hyperinsight on July 13. On Binance, the SKHYNIX perpetual contract was quoted at $1,275, down 13.82% over 24 hours. On Hyperliquid, the same contract traded at about $1,261.80, down 14.50% over the same period. That left a transaction-price gap of roughly $13.3, with Binance trading at about a 1.05% premium to Hyperliquid. The spread was even larger on mark prices. Binance showed a mark price of $1,273.80, while Hyperliquid stood at $1,257.60, widening the gap to $16.20, or about 1.29%. At the same time, the two venues showed nearly identical reference prices: Binance’s index price was $1,240.97 and Hyperliquid’s oracle price was $1,242.00, a difference of just $1.03. Funding data also pointed to crowded long positioning. Binance’s eight-hour funding rate rose to 0.5%. Hyperliquid’s hourly funding rate was about 0.0698%, which works out to roughly 0.56% over eight hours on a static basis. In both cases, longs were paying shorts.

Cape Town authorities have stepped up enforcement against suspected crypto-related fraud, with Mayor Geordin Hill-Lewis joining a night operation led by city police. The action targeted people presenting themselves as cryptocurrency and foreign exchange traders while driving luxury vehicles with false or missing registration plates. During the operation, police seized a silver Mercedes-AMG GLE worth more than $153,000 after finding it had been falsely registered as a white BMW. Officers also arrested the driver of an unregistered BMW 3-Series. Local officials said fraudulent crypto groups have been using TikTok to showcase wealth and luxury cars as status symbols to lure victims into fake investment schemes. A report released in March said corporate-style scam centers run by international criminal groups have clustered in Cape Town and Johannesburg, using deepfakes, cloned apps, and bogus investment platforms. The report added that illicit proceeds are commonly laundered through cryptocurrency wallets, money mules, and physical assets such as unlicensed high-end vehicles, according to Bitcoin.com News.

Gate data shows South Korea’s KOSPI index fell to 6800, marking a 9.07% drop on the day. Among major stocks, SK Hynix was down 14.5%, while Samsung Electronics fell 11%. The update was published by Odaily.