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Meta’s total investment in its Louisiana data center will exceed $250 billion.

1 hours ago

Meta Platforms has pledged an additional $40 billion investment into its large data center campus in Louisiana, U.S., as it scales up its artificial intelligence (AI) computing operations, bringing the project’s total projected investment to over $250 billion. The company announced Monday that it will expand the rural Louisiana data center project to at least 5 gigawatts (GW) of computing capacity, with a total investment of $50 billion. Previously, Meta had committed $10 billion to build the data center and its surrounding community. In May this year, reports emerged that Meta planned to invest an additional $200 billion into the project, primarily to purchase high-cost computing chips for installation on the nearly 4,000-acre campus. According to a source familiar with the matter, this will push the project’s total projected investment to at least $250 billion. To date, Meta has not disclosed any specific expenditures for the project beyond the $50 billion.

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Houthi Armed Forces: Will Respond to Saudi Arabia's Attacks

The Houthi armed forces released a statement accusing Saudi Arabia of carrying out a series of airstrikes on Sanaa International Airport, describing the action as an "open, shameless act of aggression". The statement noted that this incident marks the end of the de-escalation phase, warning that Saudi Arabia will bear the consequences of its aggression, and emphasized that the act will not go without response and punishment.

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Iran says the Strait of Hormuz remains closed, with both US WTI and Brent crude oil rising more than 3.3%.

According to Iran's state television, Iranian officials have stated that the Strait of Hormuz remains closed after U.S. military forces violated a memorandum of understanding. The closure is intended to establish Iran's sovereignty over the waterway in line with the Islamabad Memorandum of Understanding. International crude oil prices are currently on the rise, with both WTI and Brent crude oil prices surging by more than 3.3%.

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US military says it did not launch strikes on Iran's Kharg Island.

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trade.xyz will launch China STAR 50 ETF contract trading.

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Citigroup raises Western Digital's target price from $685 to $800

Citigroup raises Western Digital (WDC.O) price target from $685 to $800.

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SK Hynix’s US-listed American Depositary Receipts (ADRs) trade at a 23.4% premium to its Korean shares, as two large whales work to converge the $14 million expected price gap.

Per Hyperinsight monitoring, as of press time, the SK Hynix (SKHX) contract on Hyperliquid trades at $1,245.4, with a 24-hour trading volume of ~$1.021 billion. The US ADR contract SKHY is priced at $153.69, with a 24-hour volume of ~$136 million. Based on the conversion ratio of 10 ADRs equaling 1 South Korean common share, SKHY’s equivalent price stands at $1,536.9, a $291.5 premium over SKHYNIX. This translates to a ~23.41% premium for the US ADR versus the South Korean stock, and a ~18.97% discount for the South Korean stock relative to the US ADR. On funding rates: SKHYNIX has an hourly rate of +0.06132%, with longs paying shorts. SKHY’s hourly rate is -0.00463%, with shorts paying longs, marking a 0.06595 percentage point gap between the two. This means a convergence trade position of "long SKHYNIX, short SKHY" would require paying high funding fees on both sides. Conversely, a reverse position would collect funding fees on both sides but bets on the US ADR premium continuing to widen. Still, two notable convergence trades exist among visible large addresses: - Address starting with 0x257: Longs 2,500.42 SKHX with 10x leverage, worth ~$3.115 million; simultaneously shorts 31,031.66 SKHY with 10x leverage, worth ~$4.776 million. Total position size is ~$7.891 million, with an unrealized profit of ~$339,000, the largest visible convergence trade. - Address starting with 0xf517: Longs 2,145.256 SKHX with 10x leverage, and shorts 22,223.39 SKHY with 5x leverage, with a quantity ratio of ~1:10.36, closest to the 1:10 ADR conversion ratio. Total position size is ~$6.093 million, with an unrealized loss of ~$389,000. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as admin, and enable "Send Messages" permission to automatically sync on-chain news.

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