02
NVIDIA-SK Group $500B Collaboration, SK Hynix Dip-Buy Psychology
Jensen Huang announced a $500 billion-scale partnership with SK Group (per reports). The plan includes SK Hynix supplying HBM4 chips and SK Telecom building a 2-gigawatt AI data center. Chairman Chey Tae-won commented that 'Jensen asks for more chips every time we meet.' Community sentiment leans toward buying SK Hynix at 1.5M KRW, but it's currently holding around 1.8M KRW, creating simultaneous expectations about memory supply bottlenecks driving prices higher and concerns about AI chip demand collapse.
Memory supply constraints are expected to push prices up, while AI chip demand pullback fears coexist in the same conversation.
03
MORPHO Upbit Weekend Listing
Upbit will list $MORPHO won-denominated market on July 25 at 6 PM. Weekend listings are so rare that 'why weekend listing?' reactions are appearing across the community. Some view it as undervalued and show interest.
It's a rare weekend listing—concerns about thin weekend liquidity clash with speculation that institutions pre-positioned themselves.
04
Spot ETF Outflows Accelerating, Derivatives Hedging Demand Depleted
Community sentiment tilts toward near-term weakness. BTC spot ETF is bleeding $240M per day (BlackRock leading) and ETH is showing $70M net outflows. Put/call ratios have collapsed, indicating hedge demand has also dried up, with on-chain volume delta (CVD) showing whale exodus.
Institution capital flight and retail hedge unwinding align to create near-term weakness momentum.
05
On-Chain Hacking Surge, PubDEX-Like Projects Cascading Collapse
TripleA reportedly got hacked and lost $9.7M. The reaction is severe since it's essentially Korea's only stablecoin payment infrastructure. Meanwhile, Dango is shutting down on July 29 and PubDEX-class projects are collapsing in succession, prompting dark jokes like 'New hacking news at every AMA.'
The limitations of the early token-distribution PubDEX model have been exposed—token re-issuance alone can't sustain it.