China's "Four Little Dragons of Domestic GPUs" StarTube Technology's IPO Review Status Changed to Submitted for Registration

June 18: According to Bitget data, SK Hynix’s stock price rose 6.51% today, pushing its market capitalization to $1.24 trillion—surpassing Micron Technology’s $1.18 trillion. The move lifted SK Hynix to 18th place in global asset market cap rankings, bringing it close to Bitcoin’s $1.282 trillion total market cap. Current calculations show the gap between SK Hynix and Bitcoin is roughly 3.4%, further narrowing the divide between the two.

On June 18, investment bank Stifel raised its price target for Micron Technology (ticker: MU) from $550 to $1,500.

June 18: Iranian President Ebrahim Raisi posted the text of a Memorandum of Understanding he signed with the United States on social media, according to FXStreet.

June 18 update: Per monitoring from Hyperinsight (via its Telegram channel at https://t.me/HyperInsight), Hyperliquid-related ETFs have seen a total net inflow of $28 million over the past three days. Of that total, Bitwise’s BHYP led inflows with a $24.5 million net addition; HYPG brought in $2.2 million, while THYP accounted for $1.3 million. Since launching, this category of ETFs has accumulated $182.5 million in total net inflows. However, daily inflows have been on a steady decline in recent days. As of the last trading day, the daily net inflow dropped to $2.1 million. Turning to HYPE token spot demand: the expected net purchase from TWAP orders over the next 24 hours is roughly $9.3 million, with a suspected address linked to a16z remaining the primary buying source. Additionally, the HyperInsight Bot is now live. To add it to your Telegram community, search for @HyperInsightBot, grant it admin permissions, and enable message-sending access — this will allow it to automatical

Per monitoring from DataBeat’s Beating, AI inference service provider Baseten is wrapping up a new $15 billion funding round. Three months ago, the company was discussing a $10 billion raise tied to a $110 billion valuation—now the final funding size has grown by $5 billion, with a two-tier valuation structure in place: some investors are subscribing at the $110 billion mark, while another group co-invests at a $130 billion valuation. Leading the round are Altimeter Capital, Conviction, Spark Capital, Sands Capital, and Wellington Management; the latter is making its debut investment in the AI inference space. Baseten builds a software layer across 20 cloud service providers’ computing infrastructure to help enterprises fine-tune and run open-source AI models. Its current customers include coding assistant Cursor, Mercor, and OpenEvidence. As open-source models from DeepSeek, Kimi, and NVIDIA Nemotron approach the performance of top closed-source alternatives, companies are shifting

June 18: On-chain analyst Wu Jinyu’s monitoring shows 12 wallets suspected to be affiliated with a16z have transferred 24 million USDC to Hyperliquid over the past 20 hours and are currently purchasing HYPE via TWAP. a16z is now the largest institutional holder of HYPE and has been one of the key drivers behind HYPE’s recent streak of all-time highs. Separately, since March, the firm has funneled a total of $259 million in USDC into Hyperliquid through over 100 wallets to acquire and stake 4.035 million HYPE at an average price of roughly $64, with an approximate unrealized gain of $29 million as of now.