South Korean memory chip maker SK Hynix has pulled off something only one other domestic company has ever managed. Its market capitalisation broke past 2,000 trillion won, equal to roughly $1.32 trillion, on Friday. Samsung Electronics remains the only other Korean firm to have crossed that threshold. The jump came as semiconductor stocks dragged South
Bitcoin $BTC$62,499.20 mining company GoMining said it is making it easier for companies to accept bitcoin $BTC$62,499.20 payments, bringing it into competition with companies including Block’s (XYZ) Square. Where GoMining says it differs from incumbents is that the entire transaction is completed in bitcoin. Many competitors, including Square, allow customers to pay in bitcoin while
The prolonged negotiations between the US and Iran, coupled with the Federal Reserve’s (FED) tight monetary policy messages under new chairman Kevin Warsh, and decreased appetite for risky assets, caused Bitcoin to fall. However, according to the data, the decline in Bitcoin is not over, and preparations for a $52,000 level have begun. According to
Ki Young Ju, founder of the cryptocurrency analysis platform CryptoQuant, made noteworthy assessments regarding the Bitcoin market. In a statement made on social media, Ju argued that the biggest risk for Bitcoin is not sudden price crashes, but rather prolonged sideways movement and decreasing investor interest. According to Ki Young Ju, the biggest challenge that
Bitcoin has fallen to around $62,400 after a combination of options-expiry volatility, long liquidations, and renewed concerns over corporate Bitcoin selling weighed on sentiment across the crypto market. According to data from crypto.news, Bitcoin ($BTC) fell nearly 3% over the previous 24 hours to an intraday low near $62,300 on June 19. The decline extended
Kalshi has exceeded a $2 billion annualized revenue run rate as the prediction market operator has begun early discussions with investment banks about a potential initial public offering, according to a report from The Information. The Information, citing people familiar with the matter, reported that Kalshi has held informal talks regarding an IPO while continuing
Digital asset company AllUnity is launching SEKAU, a Swedish krona-backed stablecoin issued under the European Union’s Markets in Crypto-Assets Regulation (MiCA). The new token operates as an e-money token under MiCA, according to a statement shared with Cointelegraph on Friday. It is backed by segregated Swedish krona reserves and targets institutional settlement and cross-border payments.
Around 30,500 Bitcoin options contracts will expire on Friday, June 19, with a notional value of roughly $1.9 billion. This event is slightly smaller than last week’s and still not enough to impact spot markets. Crypto markets gained slightly before retreating in the second half of the week, with total capitalization hovering around the $2.25
Goldman Sachs lowered its year-end gold forecast by $500 an ounce, citing expectations that the US Federal Reserve won’t cut interest rates this year. The revised target places gold at $4,900, down from earlier estimates of $5,400. It comes on the assumption that the next Fed cuts could be pushed to March 2027 and December