News

According to Odaily, derivatives and quantitative strategist Gordon Schneider pointed out in a report published on Smartkarma that for the 2x leveraged exchange-traded funds (ETF) tracking Samsung Electronics and SK Hynix to recover to their June 22 level, they would need to rise by about 33%, meaning the underlying stocks would have to rebound by approximately 16.5%. The report states that on Tuesday, shares of both Samsung Electronics and SK Hynix dropped by double digits, causing the related ETF prices to fall nearly 25%. Among them, the Samsung 2x leveraged ETF has accumulated a drop of 5.4% since its launch on May 27. He noted that the newly launched single-stock 2x leveraged ETF in South Korea can enhance returns in trending markets, but when the market is highly volatile, value can be rapidly eroded, making it most suitable for short-term tactical momentum investing. (Golden Ten Data)

BlockBeats News, June 24th, according to Hyperinsight monitoring, Hyperliquid shows that EWY (iShares Korea ETF mapping contract) is priced at $198.6, with a 4-hour increase of 3.4%. On the news front, the Asian stock market rebounded, led by the Korean stock market. There are market rumors that Samsung Electronics may announce a 900 trillion KRW buyback plan. Samsung's stock price surged by more than 10% at one point. However, the news that Korea failed to join the MSCI developed markets is still evolving. On Hyperliquid, the whale address 0xd5f2 opened a new 10x short position on EWY this morning, with a position value of approximately $5.31 million, an average entry price of $196.05, and an unrealized loss of about $61.5k. The liquidation price of this short position is at $207.73, about 4.7% away from the current price. Data shows that this whale has a large long position of about $5.3 million and a short position of about $3.7 million, indicating an overall bearish sentiment. The recent liquidation price for significant short positions is at $203.8, the average entry price for short positions is at $203.9, and the overall position is still in a profitable state. Address: 0xd5f2e306cff8c7c9e47ebebf3e96e8fdd75c601c

Foresight News reports that Base has announced the launch of a new batch of Skills for Base MCP, adding support for 13 applications. AI agents can now perform a variety of on-chain actions on the Base chain, including trading, lending, minting, token issuance, yield operations, and purchasing.