AB Kuai Dong

I am very glad to meet CZ in Tokyo. This is his return to Japan after 7 years, and during this time, the entire industry has undergone tremendous changes.

At this event, I asked CZ a question: How do you view the on-chain of everything and the tokenization of stocks?

He replied: There have not yet been large-scale coin-stock products on the market. The possible reason is that each country and region has different policies, making it difficult for coin-stock investors to receive dividends and easily redeem stocks. There are also price differences during trading. However, projects on the chain are usually global in nature, which was a significant pain point back then.

Restrict areas or try to solve it?

But he reiterated that the trend of RWA cannot be stopped. $BNB

Today is absolutely crazy. I opened a Korean brokerage account and the discussion board is full of people talking about bottom-picking and congratulating each other—there are over a hundred posts every minute. It feels like everyone is no longer working.

And on the Hong Kong stock market, the 2x leveraged long Hanmi Semiconductor ETF on Hynix also showed a mysterious 103 trading lots order. You can still see that spike as a needle on the K-line chart. A lot of people are really wondering— is this still the stock market?

Didn’t expect this late-session raid to be delivered by Japan’s semiconductor industry. Japan’s largest flash memory chip maker, Kioxia, missed expectations for first-quarter profit and also issued a disappointing outlook for future earnings.

Earlier this year, the company’s share price once surpassed Toyota and SoftBank, making it Japan’s most valuable company by market cap. But in just a month, it erased half of its gains.

Is Tesla China becoming independent? The Wall Street Journal reports that some Tesla executives have been told to prepare by spinning off the China business before a potential merger with SpaceX.

Because SpaceX, besides being a rocket and satellite company, is also a U.S. space military contractor, this would allow the China business to be separated after the merger.

It’s all over right before dawn... CNBC and WSJ broke the news that the AI stock god Leopold’s fund has completed all closures. In addition, through a single transaction, the fund transferred all its stock holdings to another large hedge fund.

In recent weeks, they ran into ongoing declines in AI infrastructure investments such as SK Hynix, increasing pressure from leverage. At the same time, they shorted software companies like Adobe, only to face a sharp rebound in share prices.

With the deal finalized, the remaining stock holdings of AI stock god Leopold were reportedly acquired by Citadel, the hedge fund—leading it is Kenneth Griffin, a veteran Wall Street “old hand.”

The dramatic part is that Citadel had previously said that the Fed’s unexpected rate hike in July sparked panic in the market, indirectly accelerating the decline in AI stocks and forcing Leopold’s 4x leveraged fund to close out at the lows.

This also allowed Citadel to buy the remaining holdings of AI stock god Leopold’s fund at a bargain price, by which point their fund had shrunk to roughly $10 billion.

The fiercest capital markets story of 2026: a young AI stock god got taken down by a veteran Wall Street pro.

It’s all blown up, it’s all blown up. Xiaomi’s third new vehicle in the Pengcheng series has officially announced its pricing. With 7 seats, a refrigerator, a TV, and a large sofa, it’s equipped with NVIDIA intelligent driver-assistance chips. The pre-sale “one-time price” is 299,900 RMB, lower than earlier market expectations of more than 300,000 RMB.

In addition, there’s also a 5-seat version priced at 259,900 yuan.

Finance internet influencer Hong Hao, today at an internal meeting in Hong Kong, said he believes the semiconductor cycle has already peaked. Although there will be a brief rebound, other markets will also fall, and he expects the market to reach a true bottom only by the end of this year.

He also showed a picture of the 2000 internet bubble and compared it with today...

Now, on the streets of Seoul, is there a man appearing who’s inviting you to play a game?

If you win, you can even get an invitation card.

Where have I seen this script before?

Step one: the government steps in to issue a statement
Step two: begin considering restricting short selling
Step three: go to people’s homes to arrest them

The Korea Financial Investment Association has released the forced liquidation data for the first three days of this week.

From July 27 to 29, forced liquidations triggered by insufficient margin totaled KRW 97.984 billion, about USD 68 million. Even just on July 29 yesterday, the proportion of forced liquidations reached as high as 5%.

When star fund performance returns were at their best

They changed to a manager with only 4 months of experience—just a young guy

Are they looking for a hired killer or something?

A month later, the latest AI semiconductor stock god.

Leopold, reportedly borrowing on leverage to invest, with a major drawdown, seeking financing or selling shares.

Serenity, admitted in mid-July that this month’s portfolio has drawn back 49.4%, and is now expected to widen further.

Trump, nothing happened—recently joked about preparing to run for the next president.

Leto Bao, embroiled in persona controversy, but still posts high-frequency options trading every day.

Although the Korean market has slightly stabilized today, many posts about people getting liquidated are spreading across the community.

Of the hottest ones, a father said that because of his greed, seeing the people around him make money trading stocks, he took the money he had saved from buying a home for 15 years and, after paying the deposit, used the remaining home-payment funds to trade stocks on leverage. As a result, he lost more than half. Now he can’t even afford to pay the remaining balance on the house.

$SKHY $SKHYB $SAMSUNG

How scary is it that AI is burning money? Meta, led by Zuckerberg, reported $31.862 billion in operating cash flow in the second quarter, but with capital expenditures as high as $31.08 billion, free cash flow was only $784 million. That compares with $8.549 billion in the same period last year.

So the market is also worried whether all this spending will be able to generate returns in the short to mid term.

It seems that the analysts who bought the dip in semiconductors last night have all been citing this report from JPMorgan.

JPMorgan believes that this drop in South Korea was first triggered by ordinary worries over fundamentals and investors taking profits. It was then amplified by leveraged ETFs, leading to a fierce deleveraging. However, after large-scale position liquidations were completed, the market’s leverage level has fallen to an acceptable range.

The brewery that, on social media, said it would give everyone free beer if Trump died has recently had its operating license revoked by the state government.

As for the brewery’s owner, he has decided to fight to the end. He says they won’t stop selling beer unless they drag me out of the bar.

Oh my God, even AI stock guru Leopold can’t handle it anymore. The Financial Times reportedly revealed that a former OpenAI researcher—who became hugely popular for writing a long research-and-investment piece—has founded a hedge fund heavily invested in AI. Its size rapidly grew from a few hundred million USD to over $20 billion.

It was also revealed that he used borrowed funds to amplify investment returns. Due to the recent sell-off in AI concept stocks, he has now started seeking to raise new capital from investors.

Still, Koreans are tough—because this round of leveraged liquidation has involved too many people. In front of Seoul’s National Assembly Building, investors placed 30 funeral wreaths, demanding that the South Korean government impose strong regulation on high leverage.

And on the wreaths, it also said, “Is investor protection just talk? Demand delisting!”

Although the South Korean stock market has closed, the discussion boards for SK Hynix and Samsung Electronics have already gone wild.

More than 20 comments per minute—mostly friendly, warm greetings—but many people are still holding onto their stocks, waiting for a rebound.