BTC $80,700.64 +0.72%
ETH $2,339.36 +0.52%
BNB $752.00 +1.47%
XRP $1.32 +0.37%
SOL $101.28 +0.93%
TRX $0.3310 +0.95%
DOGE $0.0790 +2.07%
ADA $0.2030 -0.53%
BCH $295.22 +4.02%
LINK $11.59 +2.33%
HYPE $80.34 +1.58%
AAVE $132.10 +0.27%
SUI $0.9255 +1.19%
XLM $0.1696 +1.26%
ZEC $1,288.76 +1.42%
AAPL $345.96 +0.65%
AMZN $254.50 +1.24%
GOOGL $325.04 +1.60%
MSFT $532.66 +0.00%
META $621.28 -0.65%
NVDA $219.55 +0.43%
TSLA $405.18 +0.94%
SNDK $1,379.30 +6.30%
INTC $94.35 +0.30%
SPCX $145.63 -2.26%
MU $977.44 +5.70%
AMD $568.48 +2.45%
BTC $80,700.64 +0.72%
ETH $2,339.36 +0.52%
BNB $752.00 +1.47%
XRP $1.32 +0.37%
SOL $101.28 +0.93%
TRX $0.3310 +0.95%
DOGE $0.0790 +2.07%
ADA $0.2030 -0.53%
BCH $295.22 +4.02%
LINK $11.59 +2.33%
HYPE $80.34 +1.58%
AAVE $132.10 +0.27%
SUI $0.9255 +1.19%
XLM $0.1696 +1.26%
ZEC $1,288.76 +1.42%
AAPL $345.96 +0.65%
AMZN $254.50 +1.24%
GOOGL $325.04 +1.60%
MSFT $532.66 +0.00%
META $621.28 -0.65%
NVDA $219.55 +0.43%
TSLA $405.18 +0.94%
SNDK $1,379.30 +6.30%
INTC $94.35 +0.30%
SPCX $145.63 -2.26%
MU $977.44 +5.70%
AMD $568.48 +2.45%

price

All
Article
Flash

Analysis: Binance's ETH open contracts priced in USD have halved compared to last year's peak, but the ETH pricing is close to its peak

CryptoQuant analyst BaykusCharts stated that Binance's Ethereum open interest is currently about 5.8 billion USD, which is about half of last summer's peak of over 12 billion USD. On the surface, this looks like large-scale deleveraging, but open interest is denominated in USD, and the ETH price has also dropped by about half during the same period. When converted to ETH, the current open interest is about 2.5 million ETH, close to the peak of about 2.5 million ETH. Therefore, the decline is primarily driven by price rather than traders closing their positions.In terms of funding rates, the significant positive premiums seen in early 2021 and early 2024 have disappeared. After experiencing several periods of negative funding rates this year, it is currently just slightly above zero, with both long and short positions not overly crowded, and longs are not paying significant premiums. Analysis suggests that there is still a large amount of leveraged ETH exposure in the market, but there is a lack of strong directional confidence. This limits the risk of a one-sided liquidation chain reaction, but it also means that any decisive breakthrough in either direction could accelerate quickly. The key signals are: a price increase and a sharp rise in funding rates indicate long crowding; a price decrease and an increase in open interest indicate a growth in short positions.

Iran's Supreme Leader calls for conditions to end the war, oil prices drop

After comments from Iranian leaders, oil prices fell, U.S. stock futures and government bond prices rose, and the cryptocurrency market saw a short-term increase. Previously, the Supreme Leader of Iran called for conditions to be proposed to end the war, leading to a short-term drop of about $0.8 in both U.S. and Brent crude oil prices. The Secretary of the Supreme National Security Council of Iran, Major General Rezaei, met with the Supreme Leader of Iran, Mojtaba Khamenei.The talks discussed maintaining national and regional security through the management of the Strait of Hormuz, as well as consolidating bilateral relations with neighboring countries based on lasting mutual benefits. Khamenei stated that the enemy's predicament is a result of Iran's adherence to national resistance and emphasized the need to actively and timely disseminate information to maintain public participation in defending the country and the system.Khamenei also mentioned that efforts should be made to uphold the rights and interests of the Iranian people and the resistance front by implementing the relevant conditions proposed by Iranian officials, in order to end the war and the situation of "neither war nor peace." Rezaei stated that the Secretariat of the Supreme National Security Council is advancing Iran's strategic policies, which include establishing a regionally-led arrangement and order.

Goldman Sachs: Semiconductor exposure explains about 54% of the earnings difference, while oil prices account for only 2%

Goldman Sachs' latest research shows that over the past three weeks, semiconductor stock exposure has been able to explain about 54% of the return performance differences between different asset classes, while oil price exposure accounts for only 2%. As the influence of AI trading continues to expand, technology stocks are becoming an important factor driving global market risk appetite and asset performance differentiation.Goldman Sachs pointed out that recent investor risk appetite has been highly synchronized with the relative performance of large technology stocks. Last week, concerns about AI investment returns, financing costs, and capital expenditures intensified, leading to a sell-off in technology stocks and corporate bonds, with Goldman Sachs' risk appetite indicator falling to its lowest level since April 2025. The South Korean stock market has become a typical case of this impact, with the KOSPI rising 3.1% on Tuesday, and SK Hynix and Samsung Electronics increasing by 5.2% and 4.2%, respectively.Due to the high weight of semiconductor stocks in the Korea Composite Stock Price Index, changes in global AI investment expectations directly affect local market performance. Goldman Sachs emphasized that the 54% and 2% figures reflect a statistical relationship within a specific time window and do not imply that AI factors long-term determine global market fluctuations; the impact of high oil prices on inflation, monetary policy, and asset pricing cannot be ignored. Major technology companies such as Microsoft, Google, and Amazon are about to announce their earnings reports, and the market will focus on whether AI demand can continue to grow and whether massive capital expenditures can be converted into actual profits.

first_img RBC: The price of HBM may rise nearly double by 2027

RBC Capital Markets released a research report stating that the demand for artificial intelligence continues to exceed supply, and the rise in high bandwidth memory (HBM) prices is expected to support the overall average selling price of DRAM. Memory chip manufacturer SK Hynix will continue to benefit from the memory chip upcycle. The report indicates that HBM prices could rise by 80% to 100% by 2027. RBC believes that the DRAM upcycle, which has already lasted for 14 quarters, will continue for another five quarters, with supply tightness expected to persist until 2027.RBC expects SK Hynix's third-quarter performance to slightly exceed market consensus, with revenue projected to reach 101.2 trillion Korean won and adjusted earnings per American Depositary Share to be 8,917 won (approximately $6.72). The DRAM contract price is expected to increase by 20% quarter-on-quarter in the third quarter, with a potential further increase of 15% in the fourth quarter. RBC reiterated its "Outperform" rating with a target price of $200, about 40% higher than the latest closing price. In the U.S. stock market, SK Hynix's stock price surged over 4% on Monday, closing at $142.62.Nomura Securities recently stated that the shortage of memory chips will continue until 2028, maintaining "Buy" ratings for Samsung Electronics and SK Hynix, with target prices of 670,000 won and 4.7 million won, respectively. KB Securities in Korea stated on Monday that the price-to-earnings ratios of both companies have dropped to about 3 times. This Wednesday, SK Hynix will release its third-quarter financial report, and according to a FnGuide survey, analysts expect revenue of 98.2 trillion won and operating profit of 77 trillion won. According to media reports, the company is considering distributing a special dividend of about 16 trillion won.

first_img TSMC CoWoS price quotes are reported to be raised, with an increase of up to 20%

According to the Industrial and Commercial Times, the supply chain reveals that TSMC's CoWoS pricing is brewing a new wave of increases, with an increase of up to 20%. Some packaging delivery times have already been extended, and the pressure from tight capacity continues to rise. The rush for capacity has spread to the equipment side, and customers have no time to negotiate prices; as long as they can promise delivery times, they place orders, with equipment delivery times extending to a maximum of 8 months.Chip manufacturers point out that the demand for advanced packaging has spread from AI GPUs to server CPUs and customized ASICs, with unfulfilled orders continuing to increase. The testing time for AI chips has lengthened, putting pressure on the synchronization of packaging and testing capacity. Wafer foundries and packaging testing companies are preparing to adjust CoWoS pricing, estimating an increase of 10% to 20%. Equipment manufacturers reveal that TSMC has not renegotiated prices this year, directly purchasing at original prices without any increase in equipment functionality, with equipment delivery times extending from the past 3 to 6 months to 6 to 8 months.TSMC Chairman C.C. Wei stated at the recent earnings call that CoWoS remains the first choice for customers, with five-fold photomask size packaging already in mass production, and the development of nine-fold and fourteen-fold photomask size solutions is ongoing, while advancing CoPoS technology. Analysts estimate that by 2026, CoWoS monthly production capacity will advance to over 130,000 pieces, aiming for 200,000 pieces by 2027; related layouts include Chiayi AP7, Tainan AP8, and AP6, with the advanced packaging plant in the U.S. AP1 planned to start production in 2028.
app_icon
ChainCatcher Building the Web3 world with innovations.