SK Hynix approved issuance of new shares worth about $29.4 billion on June 24 to fund its American Depositary Receipts listing on Nasdaq. The July 10 debut aims to strengthen the company's capital base as AI server demand drives memory chip growth.
The move comes as the company seeks to strengthen its capital base amid surging AI-driven demand for its memory chips.
The latest filing aligns with the company's stated goal of bolstering its financial position to meet capacity and supply-chain needs in the high-bandwidth memory segment.
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The CFTC sued Kentucky after the state targeted prediction markets Kalshi and Polymarket, marking the agency's ninth such lawsuit and the first against a state with a Republican attorney general. The dispute centers on whether event contracts fall under federal CFTC jurisdiction or state gambling regulations, with 20 states now involved in related litigation.
ESMA has ordered unlicensed crypto firms to stop serving EU clients and wind down operations before the MiCA authorization deadline of July 1, 2026. The move ends the transitional period for the EU's unified crypto rulebook and limits services to orderly client exits while maintaining AML obligations.
Ripple has secured preliminary CASP approval under MiCA from Luxembourg’s regulator, enabling regulated crypto services across the EEA once finalized. The move comes days before the July 1 deadline as crypto firms race for compliance and Europe tests the new framework.
