HyperliquidNews said in a post on X that SKHYNIX recorded its second consecutive day with 24-hour trading volume above bitcoin:native. The post said SKHYNIX reached $1.584 billion in 24-hour volume. No other figures or context were disclosed in the update. The statement was cited by Odaily in a market analysis newsflash published on July 30, 2026.

SK hynix’s sharp stock decline has triggered a jump in trading activity across related stock-derivatives venues, according to data cited by ChainCatcher from the RootData Pro dashboard. The SKHYNIX contract fell about 7% over the past 24 hours on major platforms, though losses were relatively narrower on Lighter and HTX. The SKHY contract was down roughly 4% to 5% across most venues in the same period. Open interest and trading volume were concentrated on a handful of exchanges. For SKHYNIX, Hyperliquid posted the largest open interest at $571 million, followed by Binance at $501 million and OKX at $82.14 million. Binance led 24-hour trading volume at $4.15 billion, ahead of Hyperliquid at $1.51 billion and OKX at $1.19 billion. For SKHY, Binance held the largest open interest at $115 million, narrowly ahead of Hyperliquid at $110 million, while Bitget and OKX followed. Binance also topped 24-hour volume for SKHY at $1.61 billion. Price spreads remained tight across platforms, while funding rates on some SKHYNIX contracts ran relatively high, pointing to rising long-position costs. The report came after SK hynix released its second-quarter 2026 results on July 29, with revenue, operating profit, and net profit all reaching quarterly highs. Even so, the company’s shares at one point fell more than 19.3% intraday, setting a record for the biggest single-day drop in its history.

Decentralized exchange Aster has announced Korean RWA Season 1: Taker Showdown, a seven-day trading campaign running from July 30 to August 6. The event covers two designated pairs, SKHYNIXUSDT and SAMSUNGUSDT, and offers a total prize pool of 10,000 USDT. The rewards are split across three buckets: 4,000 USDT for the taker trading volume leaderboard, 4,000 USDT for the profit and loss leaderboard, and 2,000 USDT for a participation pool. The campaign is open to both new and existing users, excluding market makers. Aster said only taker trading volume generated during the event period will be counted, and rewards will be distributed in USDT within 14 business days after the campaign ends. The exchange added that more trading pairs may be introduced later depending on market conditions.

Anthropic said an unreleased version of its flagship model, Claude Mythos Preview, discovered two previously unknown attacks on cryptographic algorithms, including one targeting HAWK, a post-quantum digital signature system that had advanced to the third round of the U.S. NIST competition. According to the report, the attack cuts the cost of stealing HAWK’s smallest key from 2^64 operations to 2^38, or about 67 million times less work. Anthropic said fixing the issue would roughly double key sizes, weakening one of HAWK’s main selling points: compact keys and fast signing. The report also stressed that HAWK has never been deployed and that Bitcoin still uses ECDSA, so no live crypto system was broken by the finding. Even so, the development matters because a broad push toward quantum-resistant crypto infrastructure assumes that the replacement schemes are themselves secure. The newsletter also covered a range of market and policy developments, including gains in BTC and ETH ahead of the FOMC, public backing for the CLARITY Act from BlackRock, Fidelity, Franklin Templeton, Goldman Sachs, and SoFi, fresh ETF flow data, Zcash’s Ironwood activation, and a burst of meme coin trading activity led by PIPEDOG on Robinhood chain.

South Korea’s stock market suffered another sharp sell-off on July 28, with the KOSPI plunging more than 11% intraday and triggering its eighth circuit breaker of 2026. The move marked the index’s first drop below 6,000 since April 14 and left it down more than 35% from its June high. The article links much of the market’s recent weakness to a steep semiconductor correction, with Samsung Electronics down about 31.2% over the past month and SK Hynix off more than 14.8%. At the same time, volatility spilled into crypto-linked derivatives. According to HyperInsight, the SKHX perpetual contract on Hyperliquid dropped from $1,128.2 to $927 at around 7 a.m. Beijing time, a 17.9% slide that triggered heavy liquidations of leveraged long positions. Open interest fell from about $508 million to $388 million, while four-hour long liquidations approached $80 million. The reported trigger was a roughly $867 pre-market order in South Korea’s NXT market that was picked up by the Trade.XYZ oracle system. Hyperliquid said the SKHYNIX perpetual was deployed and operated by the Trade.xyz team, which is investigating the incident. Separately, South Korean regulators are tightening oversight of single-stock leveraged products, raising the minimum margin requirement for ordinary individual investors from KRW 10 million to KRW 30 million starting July 31, 2026.

A single pre-market trade in South Korea set off a sharp move in Hyperliquid’s SK Hynix-linked perpetual market and raised fresh questions about oracle design, external price handovers, and liquidation safeguards. On the morning of July 28, one share of SK Hynix changed hands on Korea’s NXT pre-market venue at KRW 1,272,000, or about $868. That print later entered TradeXYZ’s pricing system, sending the SKHX perpetual from $1,128.2 to a low of $927 within one minute. According to the article, the fallout spread quickly. Within less than three minutes, hundreds of accounts were taken over by the system. Over the next four hours, liquidation size climbed to roughly $80 million. HyperInsight’s address-level tally put short-term liquidation notional at about $79.398 million, while open interest fell from $481 million to $331 million. The report also highlighted transfers to a special address, 0x4000000000000000000000000000000000000001, described more cautiously as a system backstop account used by HyperCore in the SKHX event. The piece contrasts Hyperliquid’s setup with Binance, which did not switch to external Korean pre-market quotes at 7:00 a.m. Beijing time and saw only a limited index move in the same window. Its broader argument is not that price discovery failed, but that a real trade from a thin market was allowed to travel too directly into a high-leverage liquidation framework.

Market attention on July 29 centered on a mix of crypto, policy and tech developments. SK hynix reported second-quarter operating profit of KRW 60.5 trillion and revenue of KRW 79 trillion, both below market expectations, while saying DRAM average selling prices rose about 30% from the first quarter and that HBM4 supply will expand in the second half. In Washington, Senate Republicans are trying to move the Clarity Act to a procedural vote before the August recess, though the bill still faces a tight legislative calendar, internal Republican hesitation and Democratic demands tied to ethics provisions and limits on crypto-related benefits for Donald Trump’s family. Coinbase CEO Brian Armstrong publicly urged the Senate to advance the bill, describing it as a bipartisan framework for consumer protection and federal oversight of digital assets. In crypto markets, Solana is expected to raise its mainnet block compute limit from 60 million CU to 100 million CU through SIMD-0286 at the start of Epoch 1009, a roughly 66% increase. trade.xyz said it would fully compensate liquidation losses linked to an abnormal SKHYNIX mark price event on July 27, while Hyperliquid co-founder iliensinc said the relevant perpetual market was deployed and operated by the XYZ team. Elsewhere, Elon Musk’s fortune has fallen by about $650 billion since SpaceX peaked in June but still remains above $700 billion, according to the report. The day’s roundup also included Korean market regulation moves, Amazon’s internal AI model overhaul, Apple’s brief move above a $5 trillion valuation, several crypto fundraising announcements and project updates from 1inch, Lighter and Across Protocol.

A broad set of crypto and AI developments landed over the past day, spanning regulation, market structure, fundraising, protocol upgrades and security incidents. Kenya cut the paid-in capital requirement for stablecoin issuers by 40% to about $2.32 million while keeping strict reserve and redemption rules in place. Russia’s central bank published its first draft framework for organized trading in digital assets, and Myanmar passed a cybercrime law that allows life sentences for crypto-related fraud. In the U.S., Senate Republicans are still trying to move the Clarity Act before the August recess, though ethics provisions and bank lobbying remain major obstacles. On the corporate side, PayPal posted better-than-expected second-quarter results and did not address a previously reported buyout approach. Luno and Visa both outlined layoffs tied to restructuring and capital allocation, while Morgan Stanley Investment Management rolled out exchange-traded products tied to Ethereum and Solana. Zcash activated its Ironwood NU6.3 upgrade, Layer 2 TVL on Ethereum fell to its lowest level since 2023, and Bitcoin briefly dropped below $63,000 as AI and semiconductor weakness spilled into crypto. Security reports also stayed in focus, with Blockaid saying crypto losses from hacks topped $1 billion in the first half of 2026 and several fresh token incidents reported across the market.