MEXC On-chain Daily Report: SK Hynix Plans to Raise $29.4 Billion via Nasdaq Listing

Updated: June 25, 2026, 09:30 (UTC+8) | Author: MEXC

Headlines

• Japan's first trust-backed yen stablecoin, JPYSC, officially launches.

• The U.S. House of Representatives passes a housing bill containing a CBDC ban.

• SK Hynix plans a Nasdaq listing targeting a $29.4 billion fundraising, with trading expected to begin on July 10.

• Prediction market platform Kalshi is preparing for an IPO, potentially as early as 2027.

• U.S. Policymakers are discussing direct Federal Reserve payment system access for crypto institutions.

Industry Updates

World Cup Fuels Prediction Markets: Polymarket Volume Surges 300%, Kalshi Open Interest Hits Record $1.16 Billion

According to The Block, World Cup-related events have significantly boosted activity across prediction markets. Polymarket's football category recorded more than $2 billion in trading volume over the past ten days, representing approximately 300% growth, while average daily volume climbed to around $220 million. Meanwhile, Kalshi's open interest surpassed $1 billion for the first time, reaching a record $1.16 billion, up roughly 350% year-to-date. Market observers believe major sporting events are becoming a key catalyst for attracting new users and long-term capital into prediction markets.

Micron Shares Jump 10% After Strong Q3 Earnings

According to Jin10, Micron Technology shares rose 10% in after-hours trading following the release of its fiscal Q3 2026 earnings report. Revenue reached $41.456 billion, significantly exceeding market expectations of $35.423 billion. The company also projected Q4 revenue of $50 billion, above the consensus estimate of $42.915 billion. Strong demand from AI data centers and high-bandwidth memory (HBM) products continues to strengthen investor confidence in the semiconductor industry's growth outlook.

H100 Shareholders Approve Acquisition That Will Triple Bitcoin Holdings

According to Cointelegraph, Swedish health-tech company H100 shareholders have approved the share issuance required to acquire Moonshot AS and Never Say Die AS. Upon completion, H100's Bitcoin holdings are expected to increase from 1,051 BTC to approximately 3,500 BTC, making it the second-largest publicly listed Bitcoin treasury company in Europe after Bitcoin Group SE. The transaction is structured as a share-for-share deal and does not involve cash payments, reflecting the continued trend of European public companies expanding Bitcoin allocations.

Cambrian Raises $6 Million Seed Round Led by Franklin Templeton and Polychain

According to Odaily, blockchain data infrastructure startup Cambrian has secured $6 million in seed funding co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, and Paper Ventures. The company previously raised $5.9 million in a pre-seed round led by the a16z Crypto Startup Accelerator, bringing total funding to $11.9 million. Cambrian provides real-time and historical on-chain yield, lending, liquidity, and sentiment data for institutional investors and AI agents, with plans to expand into a verifiable on-chain oracle network.

Ground Completes $3.6 Million Pre-Seed Round Led by Bain Capital Crypto and ParaFi

According to Odaily, on-chain yield infrastructure provider Ground has raised $3.6 million in a pre-seed funding round led by Bain Capital Crypto and ParaFi Capital, with participation from Nascent, Robot Ventures, and Chapter One. Ground offers API-based access to on-chain yield products for fintech platforms, digital banks, wealth managers, exchanges, and asset managers, lowering the barriers for institutions entering decentralized finance.

Ornn Secures $33 Million Seed Funding Led by a16z Crypto

According to Odaily, AI compute platform Ornn has raised $33 million in seed funding led by a16z Crypto, with participation from Galaxy Ventures, Nordstar, and SV Angel. The platform aggregates GPU resources from multiple cloud providers into a unified marketplace, enabling compute transfers and on-demand leasing. As demand for large-scale AI model training continues to rise, infrastructure projects focused on compute capacity remain a major investment theme.

Hyperscale Data Signs Potential $1.2 Billion AI Infrastructure Agreement

According to FinanceFeeds, Hyperscale Data has signed its first AI computing master services agreement to provide 20 megawatts of AI compute capacity at its Michigan data center campus. The contract could run for up to 20 years and generate more than $1.2 billion in cumulative revenue. While the company currently operates approximately 28 megawatts of Bitcoin mining capacity and holds 726.94 BTC in reserves, it plans to gradually increase its focus on AI-related business operations to capture higher growth opportunities.

MEXC Market Heatmap

Top 24H Gainers

• NES/USDT (+259.60%)

• SLX/USDT (+20.84%)

• KAZAR/USDT (+16.20%)

Top 24H Trading Volume

• BTC/USDT ($937.151M)

• ETH/USDT ($354.810M)

• SOL/USDT ($89.732M)

Trending Meme Tokens

• PRXVT/USDT

• SOLANGELES/USDT

• FARMTOWN/USDT

New Listing Announcement

• SYRT/USDT — Listing Time: June 25, 2026, 17:00 (UTC+8)

• ASE/USDT — Listing Time: June 25, 2026, 23:00 (UTC+8)

On-Chain Calendar

High-Risk Token Unlocks

• MemeCore/USDT — July 3: 167.21M tokens unlocked, representing 4.28% of circulating supply. Elevated short-term sell pressure expected.

• Pump/USDT — July 12: 140.11M tokens unlocked, representing 25.6% of circulating supply. Extremely high short-term sell pressure expected.

Key Macro Events

• June 25, 20:30 — U.S. Core PCE Price Index (Key inflation gauge affecting Federal Reserve rate expectations)

• June 25, 04:00 — BOJ Governor Kazuo Ueda Speech (Potential impact on JPY and global risk assets)

• June 25, 16:00 — ECB Economic Bulletin (Insights into Eurozone inflation and policy outlook)

• June 25, 20:30 — U.S. Initial Jobless Claims (Indicator of labor market strength and Fed policy expectations)

• June 25, 18:00 — ECB Chief Economist Philip Lane Speech (May influence EUR/USD and broader market sentiment)

Security Alert

Recent reports indicate a rise in SIM-swap attacks targeting crypto users. Attackers use identity fraud and social engineering techniques to gain control of victims' mobile phone numbers, allowing them to intercept SMS verification codes and reset passwords for exchanges, email accounts, and social media platforms. Even users with SMS-based two-factor authentication remain vulnerable if their phone number is compromised.

Attackers may also use hijacked social accounts to distribute phishing links and expand the scope of their attacks. Users are strongly advised not to rely solely on SMS verification. Instead, enable authenticator-based two-factor authentication , use unique and strong passwords for all critical accounts, regularly review login activity, and immediately freeze accounts if suspicious behavior is detected. Taking these precautions can significantly reduce the risk of digital asset theft.

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Risk Warning: The content of this article is for reference only and does not constitute any investment advice. The cryptocurrency market is volatile, please make a cautious decision based on your own situation.