Wintermute: Bitcoin may drop to $59,000 in the short term as market liquidity continues to tighten.

South Korean memory chip giant SK Hynix plans to raise up to 45 trillion won (approximately $290 billion) by issuing American Depositary Receipts (ADRs) in New York, with the transaction set to launch in July. If successfully completed, the financing will exceed Alibaba’s $25 billion IPO in 2014, making it one of the largest overseas equity financing projects in South Korean corporate history and approaching a global capital market record. According to the plan, SK Hynix will first issue shares in South Korea, then deposit the relevant shares with the Korea Securities Depository as the underlying securities for the ADRs. South Korean regulators are expected to complete the review before July 3. The raised funds will be mainly used for the construction of SK Hynix’s Yongin semiconductor cluster in South Korea and its plant in Indiana, U.S., as well as the purchase of EUV (extreme ultraviolet) lithography equipment to support the expansion of AI-related advanced storage capacity. Citigroup, JPMorgan, Goldman Sachs, and Bank of America have been selected as the lead underwriters. SK Hynix’s confidence in the U.S. fundraising stems from its strong position in the AI industry chain. As a global leader in high-bandwidth memory (HBM), the company is a core supplier of NVIDIA’s AI accelerator chips. Driven by AI demand, its stock price has risen by more than 300% so far this year. CEO Kyu Jung-woo said the company hopes to leverage the U.S. capital market to enhance its global influence and achieve a valuation commensurate with other AI hardware companies.

SK Hynix announced plans to raise up to 45 trillion won (approximately $29 billion) through an American Depositary Receipt (ADR) listing. The ADRs will go public in July, with proceeds earmarked for constructing factories in South Korea and purchasing EUV equipment.

Israeli opposition leader and former Prime Minister Naftali Bennett publicly acknowledged on June 23 that during his term in office from 2021 to 2022, his administration purchased tens of thousands of SpaceX Starlink satellite receivers and secretly smuggled them into Iran to support anti-government protesters in their bid to overthrow the Iranian regime. Bennett noted that the current Netanyahu government has failed to sustain the initiative, marking the first time an Israeli official has publicly confirmed such operations. Iran has repeatedly accused Israel and the U.S. of smuggling satellite equipment into the country to undermine its national security. Starlink has not obtained operational approval in Iran, though Elon Musk previously stated the service was already available in the country. The report also revealed a broader landscape of Israel’s intelligence operations against Iran. The Mossad has long used technical means to hack into surveillance and traffic cameras in Iran, combining AI technology and satellite imagery to build intelligence profiles. In the April 2026 Hezbollah pager bombings, the Mossad pre-planted miniature explosives in thousands of devices in advance, killing and wounding multiple mid-ranking commanders. That same month, a large number of U.S.-made core communication devices in Iran suffered a mass outage, forcing the authorities to frequently implement international network isolation. Politically, Israel’s next general election is scheduled for no later than October this year. Netanyahu’s approval rating has fallen from 40.5% in early March to 29.4%. Bennett stated that if he returns to power, he will work to overthrow the Iranian regime through measures including economic sabotage and industrial disruption.

According to Hyperinsight’s monitoring, TSMC is reportedly set to raise its advanced process foundry prices by 5% to 10% during its massive capacity expansion, and will disclose the latest progress on AI chips. Susquehanna also raised TSMC’s price target to $575 today, boosting and recovering TSM’s stock price. TSM contracts on the Hyperliquid platform are currently trading at $446, up 1.2% in 12 hours. TSM briefly dipped near the on-chain long positions’ average entry cost of $437.5 yesterday before rebounding, recovering above the cost line and putting overall long positions back into positive territory. The largest on-chain TSM short whale holds a 3x leveraged TSM short position worth approximately $1.13 million, with an average entry price of $414.28. The current mark price is about 7.7% above its cost line, resulting in an unrealized loss of roughly $81,100 (-20%), and its liquidation price stands at $559.37. Total on-chain aligned short positions amount to around $3.28 million, while opposing long positions are approximately $1.37 million. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903

Bitget has listed 7 stock spot products including rSCHD (US Dividend Stock ETF), rYUM (Yum! Brands), rASST (Strive), and rDHI (D.R. Horton), covering popular sectors such as finance and consumer goods. It is reported that rTokens, identified by the format of the letter "r" plus the stock ticker (e.g., NVIDIA is rNVDA), are issued by Reality, a licensed RWA (Real-World Assets) protocol under Bitget. Through cooperation with regulated brokerage firm Alpaca, these tokens directly connect to global liquidity pools including the Nasdaq and New York Stock Exchange. Key features include: 1:1 reserve of underlying assets held by licensed custodians, 1:1 distribution of stock dividends in token form, support for synchronous mapping of corporate actions (such as stock splits and consolidations), and the eligibility of holdings as combined margin for unified accounts and USDT-denominated contracts, enabling users to flexibly manage their funds while holding global stock assets.

According to official announcements, decentralized full-asset trading platform Vanta has secured a multi-million dollar seed funding round, led by leading TradFi (Traditional Finance) platform Vantage, with strategic backing from multiple investors including Orderly Co-Founder. Founded by a core executive team formerly from Binance, OKX, and Bitget, Vanta aims to build an on-chain trading platform covering multiple asset classes: crypto assets, stocks, commodities, indices, and forex. On the product front, Vanta has launched Smart Trading and AI trading assistant features to enhance the on-chain trading experience. Its public beta kicked off on June 24, with users participating in trades and activities during the beta period eligible for double points rewards.