Prop firm news

KOSPI +6.6% in a day: SK Hynix report turns AI sector stocks around

The South Korean KOSPI index gained 6.6% on Wednesday, October 28, following a report from memory chip maker SK Hynix: operating profit grew sevenfold, and the company announced it would return another $45 billion to shareholders.

Crypto market liquidations reached $951 million in a day: Bitcoin fell below $81,000

Over the past 24 hours, leveraged positions worth $951.4 million were liquidated on the crypto market, with $876.3 million coming from longs. Bitcoin dropped to $80,764, while Ethereum lost more than 6%.

BTC returned above $83,000: crypto market survived $771 million in overnight liquidations

Bitcoin fell from $84,200 to $81,382 over the day, losing about 2.8%, while total liquidations on the crypto market reached $771 million. By the morning of October 13, BTC had recovered above $83,000.