CoinEx News: On July 30, 2026, Situational Awareness, the roughly $20 billion AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, is seeking fresh capital after losses from the AI stock sell-off. The fund was up 439% net through the end of June, but has sustained a sharp fall in value amid intense market swings in recent weeks. It has held talks with investors and offered some the option to buy portfolio assets. Separately, anonymous X trader Serenity reported a 49.4% maximum drawdown this month on holdings concentrated in AI bottleneck areas such as storage and photonics.

South Korea’s KOSPI has dropped nearly 40% from its mid-June peak in the same unwind of leveraged AI trades. US storage leaders including Micron and Sandisk have also posted declines of more than 30% from their recent highs.