Jinjie News: South Korea’s memory-stock rebound has fizzled first. SK Hynix (SKHX) once fell by 6.3% within less than 2 hours of the open; it is now trading at $1,655. Its 24-hour trading volume is $430 million, the top spot across the HIP-3 ecosystem. On-chain funds are leaning bearish: open interest totals $320 million, including large-position shorts with a nominal size of about $111 million, which is 1.44 times the long side ($76.9 million). The long average line is about $1,784.57, while shorts are about $1,649.88. A major long position held by 0x9dc (2x leverage; opened on June 24 at $1,803.76) is under heavy pressure at a size of $31.68 million, and the floating loss has widened to $3.48 million within two days.