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AI-driven Web3 infrastructure project aitraceroot secures approximately $3.5 million in funding.

2 hours ago

According to official announcements, AI-driven Web3 auxiliary infrastructure project aitraceroot has recently secured approximately $3.5 million in funding, with the round backed by multiple blockchain venture capital firms including Castrum Capital, Becker Ventures, Coinvestor and Gemhead Capital. The project specializes in on-chain AI intelligent analysis and AIGC digital asset tools. The financing proceeds will be used for large language model (LLM) R&D, developer ecosystem expansion and global operational deployment. Investors expressed optimism about the integration of AI and decentralized infrastructure, stating that the project will continue to iterate on its on-chain AI services and expand its global user ecosystem moving forward.

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Predict.fun World Cup group stage match: Brazil vs Scotland – Brazil has a 75% win probability.

Prediction market platform Predict.fun data shows that the 2026 US-Canada-Mexico World Cup match between Brazil and Scotland, scheduled to kick off at 6 AM Beijing time on the 25th, has the following win probabilities: Brazil (BRA) holds a 75% chance of victory, Scotland (SCO) has a 10% chance, and a draw is priced at 18%. Market data indicates that the platform has given higher support to the overall strength of the Brazil national football team led by Neymar.

8 minutes ago

US stock market storage sector posts broad pre-market gains, with Micron rising 4.49%.

According to Bitget market data, U.S. storage sector stocks rose broadly in pre-market trading, with Seagate Technology (STX) up 1.68%, Western Digital (WDC) up 2.56%, SanDisk (SNDK) up 3.79%, and Micron Technology (MU) up 4.49%.

8 minutes ago

SK Hynix rose 5.5% in after-hours trading on the South Korean stock market.

According to Bitget market data, SK Hynix’s South Korean shares rose 5.5% in after-hours trading. On the news front, SK Hynix plans to raise up to 45 trillion won (approximately $290 billion) by issuing American Depositary Receipts (ADRs) in New York, with the relevant transactions set to launch in July. If successfully completed, the financing scale will exceed Alibaba’s 2014 $25 billion IPO, making it one of the largest overseas equity financing projects in South Korean corporate history and approaching a global capital market record.

8 minutes ago

Micron plunges 13% on eve of earnings report: Can the AI bull market continue?

The U.S. AI sector is facing a crucial test. Global storage chip leader Micron Technology (MU) is scheduled to release its earnings report after today’s market close. On the eve of the report, its stock price has pulled back more than 13% from recent highs, sparking market concerns over the AI sector’s future trend. Market analysis holds that this correction is not caused by Micron’s own earnings miss, but by the pullback in the global semiconductor sector. Recently, storage chip leaders including SK Hynix and Samsung Electronics have remained under pressure, leading the market to worry that the AI sector has posted excessive gains and carries high valuations in the early phase, with some funds opting to take profits ahead of the earnings report. Meanwhile, investors have developed certain differences of opinion over the future demand growth rate of High Bandwidth Memory (HBM) and changes in industry supply and demand. As Micron is a core player in the AI server industrial chain, its earnings report is regarded as an important barometer to test the current AI investment boom. If it continues to release positive signals such as strong AI data center demand and tight HBM supply, it may boost sentiment in the NVIDIA industrial chain and the semiconductor sector; conversely, it could trigger a further revaluation of AI sector valuations. As a global one-stop multi-asset allocation platform, BiyaPay supports investments in multiple markets including U.S. stocks, Hong Kong stocks, and digital assets, and offers zero-commission trading for U.S. stocks. Users can track real-time developments of global tech leaders and seize investment opportunities brought by the AI wave.

8 minutes ago

SK Hynix’s planned financing in the U.S. could exceed Alibaba’s to become the largest such deal in history, with its American Depositary Receipt (ADR) offering raising up to $29 billion.

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.

8 minutes ago

SK Hynix plans to raise approximately $29 billion via an ADR listing.

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.

8 minutes ago