South Korean memory chipmaker SK Hynix has filed to sell nearly 17.8 million shares in a U.S. IPO, with the offering expected to price on Thursday and begin trading on Friday. Based on the company’s recent Seoul closing price, the listing could raise approximately $28 billion, according to Bloomberg, making it one of the largest […]
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NZD/USD trades around 0.5685 at the time of writing on Tuesday, down 0.26% on the day. The pair remains under pressure as the US Dollar (USD) attracts renewed demand following fresh geopolitical tensions in the Middle East, while investors await the Reserve Bank of New Zealand’s (RBNZ) monetary policy decision. According to Bloomberg, citing a US official, Iran fired at least two missiles at commercial vessels transiting the Strait of Hormuz late Monday. Two ships sustained significant damage without any reported casualties, while the UK Maritime Trade Operations also confirmed that a tanker was struck by an unidentified projectile. The escalation in tensions has supported safe-haven flows and strengthened the US Dollar. Meanwhile, expectations for Federal Reserve (Fed) monetary policy continue to evolve following the recent slowdown in the US labor market. Investors now expect the F
SK Hynix's US listing success highlights strong investor confidence in AI infrastructure growth, potentially easing future memory shortages.
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The post Rivian stock falls 12% amid plans to sell 75 million shares appeared on BitcoinEthereumNews.com.
A motherboard from one of Rivian’s all-electric vehicles. Michael Wayland / CNBC Rivian Automotive stock plunged more than 10% during early trading on Tuesday after the electric vehicle maker announced a public offering of 75 million shares of its Class A common stock. The capital raise occurred during extended hours trading after Rivian shares rose 8.1% on Monday. The stock also increased 19% last week. Based on Monday’s close of $20.14 per share, Rivian would raise roughly $1.51 billion with the offering. Rivian said in a filing that it plans to use the proceeds to fund equity contributions as part of a loan agreement with the U.S. Department of Energy. Rivian said in the public filing that it intended to grant underwriters an option for a period of 30 days to purchase up to an additional 11.25 million shares. Stock Chart IconStock chart icon Rivian stock The raise follows Riv
The post U.S. Bitcoin Reserve Stalls As Treasury And Commerce Vie For Control: Report appeared on BitcoinEthereumNews.com.
Sixteen months after President Donald Trump ordered his administration to build a federal bitcoin reserve, the White House says it is still working out how the fund should be structured, and a dispute between two departments has slowed the effort, according to recent reporting from Bloomberg. Trump signed an executive order in March 2025 to create what he called a Strategic Bitcoin Reserve, along with a separate U.S. Digital Asset Stockpile for other cryptocurrencies. The order directed the Treasury and Commerce departments to develop budget-neutral methods for acquiring bitcoin, ones that would not draw on taxpayer money. The reserve was to be funded in large part with bitcoin the government already holds through criminal and civil forfeitures. Strategic Bitcoin Reserve obstacles According to Bloomberg, the plan has run into two obstacles. Treasury and Commerce
Trump’s Bitcoin reserve plan faces legal review as officials assess Treasury, Commerce and DOJ roles for holding government BTC. The Trump administration’s Strategic Bitcoin Reserve plan is facing legal review over who can hold government BTC. Bloomberg reported that officials are questioning whether the Treasury has clear authority to manage the reserve. The plan was […]
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President Trump’s Strategic Bitcoin Reserve has hit a jurisdictional snag, with the Treasury and Commerce departments vying over who should manage the government’s more than 300,000 BTC. A Turf War Inside the Administration More than a year after President Donald Trump signed a March 2025 executive order creating a Strategic Bitcoin Reserve, the project remains […]
The Nasdaq listing could enhance SK Hynix's global visibility and liquidity, attracting US capital but exposing it to market cyclicality risks.
The post UBS advises investors to buy SK Hynix ADRs, sell Korean shares ahead of historic Nasdaq listing appeared first on Crypto Briefing.
