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Flash

"1011 Insider Whale" agent: SK Hynix's rebound may be due to short covering, AI storage cycle entering the return verification phase

"1011 Insider Whale" agent Garrett Jin released a weekly analysis stating that he previously suggested gradually positioning in storage chips and buying on dips, but the market did not experience the expected pullback. He has sold half of the previously rebounded positions during the surge, not because the investment logic has changed, but because he noticed the funding structure driving the rise, stating, "This is more like a short squeeze rather than a final confirmation of the market fundamentals." Rapid capital replenishment of short positions can create short-term increases in stocks like SK Hynix, but cannot solely support a sustained trend. The risks of Korean leveraged ETFs have not been fully released, but the decline in asset scale mainly comes from net value shrinkage rather than investor exit. Currently, the cumulative net subscription of related financial products remains at historical highs and has not turned negative.Garrett Jin emphasized that the decline in the scale of Korean leveraged ETFs does not indicate a bearish outlook on storage demand. SK Hynix's 2026 capacity is already sold out, and Micron's orders are covered until 2028, with strong demand expected to continue until the second half of 2027. However, the storage industry is essentially a cyclical industry, and stock prices have already risen by hundreds of percentage points in advance. Cyclical stocks are usually difficult to sustain long-term growth through valuation expansion. The current market is entering a new phase of the AI capital expenditure cycle, shifting from "rewarding investment" to "evaluating investment returns." Regarding Bitcoin, Garrett Jin stated that it continues to meet the bottoming conditions since the low in July and maintains the position view established around $60,000.

XRP Ledger plans to launch a privacy transfer feature, targeting the over $530 million institutional-grade tokenized asset market

The latest software version 3.3.0 of the XRP Ledger (XRPL) introduces several upgrade proposals, among which the "Confidential Transfers" feature aims to provide higher privacy protection for institutional users, supporting the encryption of token balances and transfer amounts while maintaining visibility of account and token types.This feature is primarily targeted at Multi-Purpose Tokens (MPT) on the XRPL, with application scenarios including tokenized financial assets such as funds and bonds. Through cryptographic technologies like zero-knowledge proofs, the network can verify the validity of transactions without disclosing specific amounts.According to CoinDesk, the XRPL currently has approximately $1.38 billion in on-chain real-world assets (RWA), including about $845.7 million in RLUSD. In addition to RLUSD, there are over $530 million in tokenized assets on the XRPL, involving issuers such as Ondo, VERT Capital, Archax, and Société Générale. Besides Confidential Transfers, XRPL version 3.3.0 also includes five proposals: Batch, Sponsor, Permission Delegation, and Dynamic MPT, addressing institutional needs for batch transactions, fee payment, permission management, and dynamic adjustment of token attributes.However, these upgrades have not yet been officially launched and must receive over 80% support from trusted validator nodes on the XRPL for two consecutive weeks before activation. The market is paying attention to whether institutions like Aviva and Ondo, which have issued assets on the XRPL, will adopt this privacy feature.

XRP Ledger plans to launch a privacy transfer feature, targeting the over $530 million institutional-grade tokenized asset market

The latest software version 3.3.0 of the XRP Ledger (XRPL) introduces multiple upgrade proposals, among which the "Confidential Transfers" feature aims to provide higher privacy protection for institutional users, supporting the encryption of token balances and transfer amounts while maintaining visibility of account and token types. This feature is primarily targeted at Multi-Purpose Tokens (MPT) on the XRPL, with application scenarios including tokenized financial assets such as funds and bonds. Through cryptographic technologies like zero-knowledge proofs, the network can verify the validity of transactions without disclosing specific amounts.According to market news, the XRPL currently has approximately $1.38 billion in on-chain real-world assets (RWA), including about $845.7 million in RLUSD. In addition to RLUSD, there are over $530 million in tokenized assets on the XRPL, involving issuers such as Ondo, VERT Capital, Archax, and Société Générale. Besides Confidential Transfers, the XRPL 3.3.0 version also includes five proposals: Batch, Sponsor, Permission Delegation, and Dynamic MPT, which address institutional needs for batch transactions, fee payment, permission management, and dynamic adjustment of token attributes. However, these upgrades have not yet been officially launched and will need to gain over 80% support from trusted validation nodes on the XRPL for two consecutive weeks before activation. The market is paying attention to whether institutions like Aviva and Ondo, which have issued assets on the XRPL, will adopt this privacy feature.

X launches an original content reward program, the old revenue sharing plan will end on September 7

The X platform has announced the launch of the Original Content Rewards Program, aimed at rewarding creators who bring original perspectives, expertise, reporting, creativity, and commentary to the platform.X stated that, effective immediately, new users will no longer be able to join the original revenue sharing program. Existing revenue sharing program users can continue to earn revenue until September 7, during which three final payments will be made on August 14, August 28, and approximately September 11.Starting September 8, eligible existing creators can apply to join the new Original Content Rewards Program. The new program will distribute earnings based on the qualified exposure generated by the creator's original content, with rewards issued every two weeks, and the first payment expected to be issued on August 28.To apply for the Original Content Rewards Program, the following conditions must be met:Must be at least 18 years old;Reside in a country or region supported by the program;Account must be in good standing, with no multiple violations of revenue standards or service terms;Must have a personal or business account;Must subscribe to X Premium, Premium+, or Premium Business;Must have at least 500 verified followers;Must have achieved at least 500,000 impressions from verified users on the home timeline in the past 90 days (excluding reply impressions);Must continuously publish original content.
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