According to Bijie.com, after Zhipu launched its on-chain contract, short-term short sellers used 5x leverage to short the stock intraday. Currently, Zhipu on Hyperliquid is trading at $314.44, down approximately 9.91% in the last 12 hours. The on-chain 24-hour trading volume is approximately $16.87 million, with open interest of approximately $9.22 million. The price briefly dipped from $350.75 to $283.79 before recovering. One trader opened a new 2x Zhipu short position today, with a position value of approximately $770,000, an average entry price of $313.89, and a current mark price of approximately $308.69. The total size of the top 10 Zhipu open positions is approximately $4.57 million, with long positions at approximately $2.25 million and short positions at approximately $2.32 million, indicating a close balance between long and short positions. In addition to the news, Zhipu's previous rise was mainly driven by the US restrictions on access to Anthropic's high-order models, and the rising expectations of Chinese open-source AI alternatives. Related reports indicate that Zhipu's Hong Kong shares once rose by as much as 48% in a single day. At the same time, the release of GLM-5.2 and the plan to list on the Science and Technology Innovation Board also boosted trading activity.

According to MSX data, US storage stocks continued their upward trend from last Thursday, rising collectively in pre-market trading today. Western Digital and SanDisk rose over 3%, Seagate Technology and Micron Technology rose over 2%, and Silicon Motion rose 1%. Micron Technology will release its fiscal 2026 third-quarter results after the US stock market closes on June 24th (Eastern Time) and hold a conference call at 4:30 PM Eastern Time.

According to Odaily Planet Daily, Tsuyoshi Ueno, an economist at the Japan Institute for Life Sciences, stated that the yield on 10-year Japanese government bonds is expected to rise above 2.7% in the next three months, driven by concerns that the consumption tax cut plan may further worsen Japan's fiscal situation. "Furthermore, market concerns that the Bank of Japan may lag behind in addressing inflation could also push up bond yields," Ueno noted. (Jinshi)

According to a report by CoinWorld, JPMorgan Chase predicts that Zhipu will release its next-generation flagship model, GLM-5.5, in August, with a parameter count potentially exceeding one trillion (>1 terabyte). Zhipu just open-sourced its GLM-5.2 model with 744 bits of total parameters in mid-June, and it has already shown strong performance in several long-range programming benchmarks. The upcoming release of the trillion-parameter model will be the next key indicator for assessing whether Zhipu can continue its upward trajectory in the technology curve.

According to an official announcement, Binance will launch LRCXUSDT, KLACUSDT, ALABUSDT, SMCIUSDT, CIENUSDT, KORUUSDT, and SONYUSDT-margined perpetual contracts in batches from 13:30 to 14:00 (UTC) on June 22, 2026, with a maximum leverage of 20x and settlement in USDT.