Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore

News

Stay up to date on the latest crypto trends with our expert, in-depth coverage.

banner
Flash
11:32
SK Hynix Officially Launches US Stock Listing Marketing Process
BlockBeats News, July 6th, SK Hynix officially kicked off its US stock market listing marketing process this Monday, aiming to leverage the continuous enthusiasm of investors for the storage chip sector to advance its US listing. According to the disclosure document, SK Hynix plans to issue approximately 17.79 million shares of common stock corresponding to American Depositary Receipts (ADRs). Based on the closing price in the Korean market last Friday, the size of this offering is approximately $28 billion. As a leading supplier of HBM chips, SK Hynix's listing in the US has opened up an efficient financing channel for the company. According to previously disclosed regulatory filings, SK Hynix expects its ADRs to commence trading on July 10th (this Friday). Based on the current planned offering size, this ADR sale will rank among the top three largest IPOs in history (the specific amount depends on the exchange rate) and is expected to rival Saudi Aramco's $29.4 billion IPO in 2019.
11:27
BofA: Semiconductor Strength Drives Growth Fund Outperformance, Active Funds Shine in June
BlockBeats News, July 6th, Bank of America released data stating that in June, 53% of large-cap actively managed funds outperformed the benchmark index, with small and mid-cap active funds performing even better, with outperformance rates of 71% and 91%, respectively. Bank of America pointed out that in the first half of 2026, benefiting from the strong rally of semiconductor stocks, growth-style funds overall outperformed value-style funds; while value-style funds lagged behind due to their lower allocation to semiconductor stocks.
11:25
SpaceX inclusion in the Nasdaq 100 raises concerns: historical cases show frequent “sell-the-news” corrections after bullish catalysts
```htmlJinse Finance reports that SpaceX will officially be included in the Nasdaq 100 Index on July 7, becoming one of the fastest large IPOs to join the index in its history. However, historical data shows that inclusion in the index does not necessarily signal sustained price increases and, in some cases, marks a temporary peak. For example, Palantir Technologies was added to the Nasdaq 100 in December 2024, and its stock price peaked around the inclusion, then corrected by about 25% over the following weeks. Similarly, Strategy entered an adjustment cycle shortly after being included, with a significant pullback from its high point. Analysts point out that this phenomenon is typically caused by three factors: market expectations being realized ahead of time, passive fund buying having already been traded in advance, and sentiment reaching a short-term high prior to inclusion. If historical trends continue, SpaceX's short-term performance after joining the index may face volatility, rather than a unilateral rise.```
News