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BlockBeats News, July 1st, according to Hyperinsight monitoring, on the previous day after a slight rebound, SK Hynix (SKHX) fell by 6.3% after the opening. Hyperliquid is currently priced at $1655, with a 24-hour trading volume of $430 million, ranking first in TradeFi contracts. On-chain funding is skewed to the short side, with open interest reaching $320 million. Among them, the nominal scale of large short positions is about $111 million, 1.44 times that of long positions ($76.9 million); the long position entry average is around $1784.57, and the short position is around $1649.88. One of the large long positions, 0x9dc (2x leverage, opened on June 24th at $1803.76), is facing resistance at a high level, with a scale of $31.68 million, making it the current largest long position, with unrealized losses expanding to $3.48 million within two days.

BlockBeats News, July 1st – Former hedge fund manager and CNBC host Jim Cramer stated that Wall Street's current pricing logic for AI trading has changed, with the market rewarding tech companies providing products for the AI frenzy rather than clients footing the bill for AI investments. Cramer indicated that in June, the combined market value of the "Big Seven" evaporated by around $2.3 trillion, causing investors to question whether these companies' massive AI spending will ultimately generate sufficient profits and free cash flow. Amazon, Alphabet, Microsoft, and Meta are among the companies with the largest AI data center expenditures, and he believes these hyperscale cloud providers are becoming victims of their own AI ambitions. Cramer said that while these companies have the financial capacity to continue investing billions of dollars, the market demand for computing infrastructure has outstripped supply, driving up costs for key components such as memory chips and networking devices. This shift has benefited the "sell-shovel" players in the AI frenzy rather than the spenders. He stated, "The biggest gainers are the opposite of the Magnificent Seven, producing products that are in short supply and experiencing overwhelming demand." Cramer pointed out that memory chip manufacturers Micron Technology and Sandisk, as well as Intel, Marvell Technology, and AMD, were among the biggest winners in the second quarter. He stated that supply-demand imbalances drove strong profit growth for these companies, leading to analysts continuously upgrading ratings and price targets. Among them, Cramer has identified Intel as his new top pick, noting that CEO Pat Gelsinger is revitalizing the chipmaker, and Intel is poised to benefit from CPU, advanced chip packaging, and the growth of U.S. domestic semiconductor manufacturing demand.

```htmlGolden Ten Data reported on July 1st that Jason Pride, Chief Investment Strategist at Glenmede, and Michael Reynolds, Vice President of Investment Strategy, stated that investors should expect the US unemployment rate in June to remain unchanged at 4.3%, with non-farm payrolls increasing by about 87,000. Although this is a decrease from May’s 172,000, it is still considered a strong result in the current “low hiring, low layoffs” labor market environment. While employment fundamentals largely remain intact, the focus of the Federal Reserve has shifted to inflation, which means that the timing of any future easing policy will depend more on inflationary pressures rather than employment growth itself.```