According to BlockBeats, on July 14th, Morningstar analyst Jing Jie Yu stated that the firm maintains its fair value estimate for SK Hynix's ADRs at $160 per share, believing the valuation to be reasonable after assessing long-term cyclical risks. SK Hynix plans to use the 40 trillion won raised in this IPO for future wafer fab investments. However, the primary purpose of this IPO is to improve valuation, not to address urgent financing needs. South Korean memory chip companies have consistently had lower valuation multiples than their US counterparts, and SK Hynix's existing cash reserves are expected to be sufficient to meet its investment needs.

Morningstar projects SK Hynix's EBITDA to reach 317 trillion won in 2026 and 474 trillion won in 2027, significantly exceeding the size of this fundraising. Morningstar believes the profitability of memory chip manufacturers is highly unpredictable, and SK Hynix's ADRs and Korean-listed shares are likely to continue to fluctuate significantly; therefore, it maintains its "extremely high uncertainty" rating on the company.

According to BlockBeats, on July 14th, Bitget reported that SK Hynix continued its downward trend, currently trading at 1,777,000 Korean won, a drop of 3.5%.

As a result, SK Hynix ranked first in terms of total contract liquidation volume across the entire network in the past 4 hours, with a cumulative liquidation of $12.35 million, surpassing ETH's $9.58 million and BTC's $5.56 million.

According to BlockBeats, on July 14th, Hyperinsight monitoring showed that a whale with the account number starting with 0xdcc reversed its position and shorted Brent crude oil at 02:08, opening 18,452.29 contracts at an average price of $82.348, with a notional value of approximately $1,519,500. Subsequently, the oil price continued to rise to around $84.4, and this short position was liquidated twice by the system at 08:16 after only about 6 hours.

In terms of news, the US and Iran escalated military operations again from the weekend to Monday. Trump announced yesterday the restoration of a maritime blockade against Iranian shipping, covering the Iranian coast, ports, and oil terminals, further increasing the risk of supply disruptions in the Strait of Hormuz. As a result, Brent crude oil closed up 9.59% on July 13th at $83.30, recording its highest closing price in nearly a month.

It's worth noting that this whale had actually correctly predicted the current oil price surge. Since July 9th, it had accumulated 26,066.57 long positions in BRENTOIL, but closed all positions at 01:39 today, realizing a profit of approximately $39,200. However, just 29 minutes after closing the positions, the address reversed its long position to short, precisely indicating the current price increase.

The two rounds of forced liquidation resulted in a total of 18,452.29 contracts, with a notional amount of approximately $1,557,600, resulting in a realized loss of approximately $38,100, almost erasing all previous profits from long positions. After the forced liquidation, the address had no remaining positions.

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