Scan to download
BTC $58,723.68 -1.98%
ETH $1,561.13 -1.22%
BNB $545.08 -1.86%
XRP $1.03 -2.53%
SOL $72.48 -1.91%
TRX $0.3169 -1.47%
DOGE $0.0700 -4.81%
ADA $0.1423 -2.18%
BCH $197.23 -0.64%
LINK $7.18 -2.56%
HYPE $64.75 +0.61%
AAVE $87.47 -6.29%
SUI $0.6816 -2.16%
XLM $0.1744 -0.14%
ZEC $389.80 +0.50%
BTC $58,723.68 -1.98%
ETH $1,561.13 -1.22%
BNB $545.08 -1.86%
XRP $1.03 -2.53%
SOL $72.48 -1.91%
TRX $0.3169 -1.47%
DOGE $0.0700 -4.81%
ADA $0.1423 -2.18%
BCH $197.23 -0.64%
LINK $7.18 -2.56%
HYPE $64.75 +0.61%
AAVE $87.47 -6.29%
SUI $0.6816 -2.16%
XLM $0.1744 -0.14%
ZEC $389.80 +0.50%

bab

All
Article
Flash

first_img Galaxy Research has lowered the probability of the "CLARITY Act" passing to 50%

According to Bitcoin Magazine, Galaxy Research has lowered the probability of the passage of the CLARITY Act in 2026 from 60% three weeks ago to 50%, due to the increasingly tight Senate schedule, the lack of a published merged text for the bill, no scheduled votes, and no public commitment from leadership. The bill has been listed as item 423 on the legislative calendar since it passed the Senate Banking Committee on May 14 with a vote of 15-9, but no motion to advance it has been scheduled to date.The report indicates that the Senate must announce a schedule by early July to complete voting before the August recess; otherwise, it will be postponed until September, when the upcoming midterm elections will make controversial votes harder to arrange. Priority legislation such as FISA Section 702 and the NDAA occupies a significant amount of time, and Trump's veto of the housing bill further exacerbates scheduling pressures.The substantive content of the bill has not yet been fully resolved, and ethical provisions remain a core controversy, with at least two Republican senators expected to vote against it, making Democratic support essential. The report suggests that if leadership clarifies a commitment to vote in July within the next two weeks, the probability of passage will rise to 60% or higher; if there is continued lack of progress, it will be further lowered.

SK Hynix's financing in the U.S. may exceed Alibaba's to become the largest in history, with ADR financing up to 29 billion dollars

South Korean memory chip giant SK Hynix plans to raise up to 45 trillion won (approximately 29 billion USD) by issuing American Depositary Receipts (ADRs) in New York, with the related transaction set to start in July. If successful, this financing scale will surpass Alibaba's 25 billion USD IPO in 2014, becoming one of the largest overseas equity financing projects in the history of South Korean companies, and approaching historical records in the global capital market.According to the plan, SK Hynix will first issue shares in South Korea, then deposit the relevant shares into a South Korean securities depository as the underlying securities for the ADRs. South Korean regulators are expected to complete the review by July 3. The raised funds will primarily be used for the construction of the Yongin semiconductor cluster in South Korea and a factory in Indiana, USA, as well as the purchase of EUV extreme ultraviolet lithography equipment to support the expansion of advanced storage capacity related to AI. Citigroup, JPMorgan Chase, Goldman Sachs, and Bank of America have been selected as the lead underwriters.SK Hynix's confidence in this U.S. financing stems from its strong position in the AI industry chain. As a leading company in the global high bandwidth memory (HBM) sector, the company is a core supplier of AI accelerator chips for NVIDIA. Driven by AI demand, its stock price has increased by over 300% this year. CEO Lee Seok-hee stated that the company hopes to leverage the U.S. capital market to enhance its global influence and achieve a valuation level comparable to other AI hardware companies.
app_icon
ChainCatcher Building the Web3 world with innovations.