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SK Hynix launches $28.6 million buyback after stock devalues
SK Hynix’s board has approved a 40 trillion won (about $29 billion) buyback and cancellation of its own stock, representing the largest treasury cancellation ever initiated by a listed South Korean company. The chipmaker’s management claims the action is guided by its view that the market prices the company below its actual worth. Largest stock...Cryptopolitan
Wed, Aug 19
Samsung unveils price hike, plant expansion plans as TSMC reaches capacity
Samsung has moved to cash in on the AI demand that has buyers scooping up more chips than production lines can deliver after reports that it is raising prices by as much as 15% on some of its advanced contract chipmaking. Filings seen by news outlets also confirm that the South Korean giant has ambitions...Cryptopolitan
Wed, Aug 19
Telegram applies for a new “.gram” top-level domain
Popular messenger Telegram has applied for a new “.gram” domain, founder Pavel Durov announced on social media this week. The move, which aims to give millions of users the option to create websites, comes after recent issues with the platform’s “t.me” links. Telegram applies for TLD domain with Durov promising one-prompt websites The messaging service...Cryptopolitan
Wed, Aug 19
US-China AI rivalry widens to third countries as Beijing rejects picking sides
China has rejected a reported US effort to make other governments choose a side in the ongoing US-China AI race. The long ongoing competition between the US and China over the lead in the artificial intelligence industry is entering a new chapter where other nations can no longer sit and watch from the sidelines. Will...Cryptopolitan
Wed, Aug 19
Chinese AI firms still use Nvidia computing power despite US chip restrictions
Washington has a pretty obvious problem with its Nvidia (NASDAQ: NVDA) restrictions. It can stop the company’s most powerful chips from being shipped directly into China, but that does not necessarily stop Chinese AI companies from using them. If those processors are sitting inside a data center somewhere else, a Chinese developer can potentially pay...Cryptopolitan
Wed, Aug 19
Ripple Price Forecast: XRP clings to $1.00 support level amid declining exchange balance
Ripple (XRP) regains support at $1.00 on Wednesday, following the headwinds experienced the day before. Near-term support around $0.99 encouraged investors to reengage, supported by the return of inflows into spot Exchange-Traded Funds (ETFs).
Fxstreet
Wed, Aug 19
Crypto Today: Bitcoin, Ethereum, XRP defend key support as ETF inflows return
Bitcoin’s (BTC) upside remains capped on Wednesday while the downside appears strongly supported above $64,000. The Crypto King’s early week rebound lost momentum near $65,000 as investors assessed the impact of geopolitical tensions in the Middle East.
SNDK contract beats BTC and ETH in perp volume on Binance
SanDisk (SNDK) perp contract on Binance has surpassed two of the largest crypto assets, Bitcoin and Ether, in trading volume. The TradFi asset SNDK attracted more than $7.38 billion in volume over the past 24 hours. During that period, BTC and ETH saw only $6.11 billion and $4.57 billion, respectively, according to Binance market data. ...Cryptopolitan
Wed, Aug 19
Singapore court freezes $58M in dispute between crypto exchange and customer
The Singapore International Commercial Court (SICC) has authorized to freeze about S$75 million ($58 million) in Bitcoin and USD Coin (USDC) in a crypto legal battle that has rolled on for years. The episode began after a customer received coins that were never meant for them because the unnamed exchange was looking at an outdated...Cryptopolitan
Wed, Aug 19
LIVE: Iran is considering bombing Europe as Trump war keeps escalating
Iran is weighing strikes on US military targets in Europe if Trump escalates the war. Bulgaria and Cyprus are among the locations being considered for possible retaliation. Tehran has also looked at hitting subsea fiber-optic cables in the Strait of Hormuz as tensions rise. Bitcoin whales are buying again, adding about 43,000 BTC worth $2.75...Cryptopolitan
Wed, Aug 19
Maya Protocol loses $1.7M as six-bug exploit exposes DeFi security gaps
Maya Protocol fell victim to a hacker this week who exploited a flaw that points to a bigger issue, namely, that tools for defense have issues keeping up with sophisticated hacks. Blockchain security firm CertiK has estimated that the total direct loss was about $1.7 million as the hacker deceived Maya into awarding a nonexistent...Cryptopolitan
Wed, Aug 19
Tiny corp questions Etched's chip claims as valuation nears $21 billion
The AI inference sector could be getting its own version of the long-running rivalry between OpenAI’s Sam Altman and SpaceX’s Elon Musk after AI hardware and software startup tiny corp publicly questioned the credibility of the benchmarks behind the chip that inference rival Etched shipped to Jane Street on August 18. While Musk and Altman...Cryptopolitan
Wed, Aug 19
Kalshi seeks approval to bring crypto-style perps to stocks and copper
Kalshi is trying to take one of crypto’s most distinctive trading products into traditional markets. On August 18, the federally regulated exchange submitted two proposals to the CFTC for approval of perpetual futures contracts based on a major US stock index and copper. If approved, the contracts would bring a structure that originated in the...Cryptopolitan
Wed, Aug 19
Anthony Scaramucci believes bitcoin will climb back to $100,000
Bitcoin is going to move back to $100,000, but it might take up to 18 months for the catalyst to align, according to Anthony Scaramucci. The SkyBridge Capital founder told CNBC’s Squawk Box on Tuesday that “this is clearly a bitcoin bear market,” in response to the point that the price has not really moved...Cryptopolitan
Wed, Aug 19
Trump delays 50% Canada tariffs for 3 days as trade deal emerges
The U.S. will wait three days before introducing new tariffs on Canadian goods as negotiations between the two countries continue. President Donald Trump commented, “I have paused the 50% Tariffs against Canada that were scheduled to kick in tomorrow morning for a three-day period.” He further contended that the countries have already struck a deal...Cryptopolitan
Wed, Aug 19
Unitree surges 629% on its Shanghai market debut today
Chinese robotics firm Unitree opened trading on the Shanghai Stock Exchange’s STAR Market on Wednesday, with the price soaring nearly sixfold. The stock was priced at 150.8 yuan per share and opened at 1,100 yuan, marking a 629.44% increase. At its highest point, the Hangzhou-based company was valued at about 445 billion yuan, or $66...Cryptopolitan
Wed, Aug 19
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