According to BlockBeats, Moody's Analytics stated in a report on July 20 that South Korea's economic growth rate in the second quarter may slow to 0.9% from 1.8% in the first quarter. Exports, especially semiconductor exports, will once again play a major role due to the booming semiconductor industry driven by artificial intelligence.

Domestic demand in South Korea is expected to remain weak, with consumption showing only a slight improvement. High energy costs have exacerbated inflationary pressures, and government measures have only provided partial relief. South Korea's preliminary second-quarter GDP figures will be released on Thursday.

According to BlockBeats, on July 20th, the State Council Information Office held a press conference to introduce the development of industry and information technology in the first half of 2026. Xie Cun, spokesperson of the Ministry of Industry and Information Technology and Director of the Information and Communication Development Department, stated that in the past two years, more than 70 large-scale computing power channels have been built around the national computing power hub nodes, improving network performance between related computing power hub nodes by 10%. The explosive growth of current artificial intelligence large-scale models and intelligent agent applications has led to a continuous increase in the demand for intelligent computing power.

Next, the Ministry of Industry and Information Technology will continue to optimize the deployment of computing infrastructure resources, create interconnected computing nodes, and improve the efficiency of computing resource utilization, following the working approach of "points, chains, networks, surfaces, and systems." In terms of focusing on key areas, it will optimize the supply deployment of computing resources, coordinate factors such as industrial development and energy supply, promote the construction of intelligent computing clusters and the coordinated development of computing and power, create a tiered computing power layout, and strengthen the overall monitoring of computing power.

In addition, guidelines for the construction of a computing power standard system will be issued to promote the establishment of standards for computing power service capability assessment and market-based pricing of computing power.

According to BlockBeats, on July 20th, Hyperinsight monitoring showed that Hyperliquid's ZHIPU (上智谱) stock price plummeted before the Hong Kong stock market opened. Within approximately one hour, it fell to a low of $120.7, a drop of about 17%; the decline continued during the Hong Kong stock market session.

In terms of news, Zhipu completed the placement of 19.78 million new H shares on July 13; on July 17, Dark Side of the Moon released the 2.8 trillion parameter open-source model Kimi K3, exacerbating market concerns about the competitive landscape of large-scale models in China, and Zhipu's Hong Kong stock fell 28.49% that day. No new company-level sudden negative news has been reported as of press time.

The sharp drop in stock price further hampered ZHIPU's largest long position (a whale with the account name starting with 0xddb). It currently holds a long position of 7,300 units at 10x leverage, with a position value of approximately $905,000. The average entry price was $174.2, and the liquidation price was approximately $78.3. The unrealized loss is approximately $367,000, representing a return of approximately -288.2%, equivalent to 2.88 times its initial investment of $127,000.

The whale had previously opened a long position near $198.45 on the evening of July 6 and has not sold since; at 10:12 today, it was still adding 409.1 shares against the trend at $129.6.

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