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SK Hynix has confirmed a 2.5% cap on the conversion of ordinary shares to US Depositary Receipts (ADRs). This move clarifies the framework for international investors and affects the company's global equity structure.
Read MoreCathie Wood of Ark Invest reaffirms her conviction in SpaceX, calling it potentially "the most important company in global history." Her funds recently purchased over 120,000 shares worth $14 million, despite the stock trading below its IPO price.
Read MoreOn-chain analysts report that the Drift Protocol attacker laundered 24,400 ETH (worth $47M) through a cryptocurrency mixer within two hours. The rapid movement of stolen funds highlights ongoing security concerns in DeFi.
Read MoreAmazon is reportedly redesigning its Alexa voice assistant to significantly reduce its reliance on external AI models like Anthropic's. This strategic shift towards in-house development could reshape the competitive landscape for smart assistants.
Read MoreTencent's Hunyuan AI team sees a key personnel change. The former head of multimodal understanding has left to start his own company. His responsibilities for vision-language model development will be taken over by a former OpenAI researcher, signaling a strategic shift in the team's focus.
Read MoreBeijing's new AI development policy encourages the Token economy and expands support through computing power vouchers. It aims to reduce AI inference costs, foster new business models, and promote financial innovation and data ecosystem development.
Read MoreChina and the US are advancing talks on a $30 billion reciprocal tariff reduction framework and bilateral trade council structure. Both sides are soliciting domestic stakeholder feedback, aiming to finalize product lists and implement measures soon to expand trade volume.
Read MoreOn July 23, spot gold prices fell below the critical $4100 per ounce level, dropping 0.73% intraday. The decline has drawn market attention to short-term precious metal trends, with investors assessing the impact of Fed policy expectations and shifting safe-haven demand.
Read MoreSK Hynix's US-traded ADR surged over 5% in pre-market trading. South Korea's securities depository confirmed the 2.5% cap on converting local shares to US ADRs has been fully utilized by a $26.5 billion issuance on July 10. The conversion channel is now closed until existing ADRs are converted back, freeing up space.
Read MoreBitMEX, the pioneering crypto derivatives exchange, will cease operations on September 23, 2026, halting new registrations immediately. The platform will wind down trading activities orderly, requiring users to withdraw assets before shutdown to avoid monthly account fees. This marks a significant shift in the crypto landscape.
Read MoreCoinbase plans to grow its Singapore workforce from 150 to 200 employees by 2026, focusing on engineering, client services, and institutional sales. This expansion highlights the city-state's strategic role as a key hub for the exchange's Asia-Pacific operations.
Read MoreThe Alpha airdrop claim officially opens at 19:00 tonight. Users with a minimum of 256 Alpha points can participate on a first-come, first-served basis until the airdrop pool is depleted or the event concludes.
Read MoreA UK-listed company sold approximately 178 BTC to repay convertible notes two weeks early. The CEO stated the financing structure is no longer suitable, while the firm retains 2,700 bitcoin. The $11.7 million transaction cancels potential share issuance plans.
Read MoreOn July 23, WTI crude oil prices surged past the key $90 per barrel mark for the first time since mid-June, gaining over 3.6% in a single session. This breakout has prompted a market-wide reassessment of global energy supply, geopolitical risks, and macroeconomic trends. This analysis delves into the core drivers behind the rally.
Read MoreSK Hynix has set a 2.5% cap on converting shares to US ADRs, with the quota already exhausted. This move could impact international investors' flexibility and reflects the company's careful management of share structure and market liquidity.
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