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Samsung Electronics: Not currently considering the possibility of issuing American Depositary Receipts.

48 minutes ago

Samsung Electronics says it is not currently considering issuing American Depositary Receipts (ADRs). Earlier, sources familiar with the matter revealed that Samsung Electronics is in the preliminary stage of exploring ADR issuance. The company has held initial discussions with multiple banks but has not yet decided whether to move forward with the plan. Samsung will closely monitor the volatile performance of memory chip stocks during the decision-making process. If it ultimately proceeds with a US listing, its massive business portfolio and ongoing labor disputes may pose challenges to the transaction structure design. Sources added that Samsung evaluated ADR issuance in the past but ultimately abandoned the idea. However, SK Hynix’s recent successful US listing has given Samsung new impetus to re-examine this option. BlockBeats Note: Samsung Electronics is one of the core subsidiaries of Samsung Group; the two are not parallel independent entities.

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Binance Alpha announces new airdrop point threshold: at least 251 points.

Binance announced that users should prepare to claim the Binance Alpha airdrop and trade it at 11:00 UTC today. The event adopts an updated Binance Alpha Box model, with the airdrop pool containing tokens from multiple projects. Users holding at least 251 Binance Alpha points can claim one token reward on a first-come, first-served basis. Claiming the airdrop will consume 15 Binance Alpha points. Additionally, the airdrop has three reward tiers: Common (80% of the reward pool), Rare (15%), and Super Rare (5%), each corresponding to a different Alpha Box value. Upon claiming, users will be assigned to one of these tiers, and rewards will be distributed proportionally according to the tiers. If rewards are not fully claimed, the point threshold will automatically decrease by 5 points every 5 minutes.

5 minutes ago

Huobi Earn launches BTC VIP flexible deposit product, offering participants up to a 1% annualized return.

According to an official announcement, Huobi HTX has officially launched the BTC VIP current product. Prime 5 and higher-tier users on the platform can enjoy an annualized return of up to 1% from this product. Additionally, the USDT VIP current product is now available, offering a maximum annualized return of 9%. Huobi’s Earn VIP Current is an exclusive high-yield liquid product tailored for Prime 5 and above users, featuring exclusive customization, high returns, and high liquidity. To participate, users can log in to the Huobi HTX APP, navigate to the "Earn" section on the homepage, input "BTC" in the search bar, and select "VIP Current".

5 minutes ago

Arbitrage and bottom-fishing positions drive up fees for SK Hynix, with trader 'yixie' paying a net $481,000 in funding fees.

According to Hyperinsight monitoring, Hynix ADR high-premium arbitrage and bottom-fishing funds are collectively flowing into SKHX long positions. As of press time, SKHX trades at $1,291.90 on Hyperliquid, while SKHY stands at $162.47. Based on the conversion ratio of 10 ADRs corresponding to 1 share of the underlying Korean stock, the ADR premium remains around 25.76%. Spread convergence trades require going long SKHX and shorting SKHY, leading to a divergence in funding rates on both sides: SKHX’s funding rate has risen to +0.0459% per hour, meaning longs pay shorts; SKHY’s is -0.0050% per hour. Against this backdrop, trader "yixie" has become the long position incurring the largest loss from high funding rates: cumulative net funding payments have reached $481,000, with approximately $157,000 spent alone on yesterday’s ADR listing session. Based on current rates, this long position will still generate around $5,890 in funding fees per hour. The trader is currently holding 10,025.3 SKHX positions with 2x isolated leverage, with a notional size of roughly $12.952 million, average entry price of $1,461.815, unrealized loss of about $1.703 million (return of ~-23.2%), and liquidation price of approximately $804.50. Earlier news: "Whale Tracking" reported that the long position on SK Hynix’s ADR listing failed, with trader "yixie" temporarily losing $1.8 million.

5 minutes ago

The White House stated that Trump is 'very serious' about the plan to impose a 20% levy.

According to U.S. media outlet Semafor, a White House official has stated that Trump is "very serious" about his plan to impose a 20% toll on goods passing through the Strait of Hormuz—a proposal he has sought to advance for months. Trump has long favored such a toll, questioning in April why his administration had not already done so and threatening to implement the charge in June if a deal with Iran was not finalized within 60 days. However, Trump has not always followed through on his ideas, and until this week, he refused to formally announce the plan, partly due to opposition from members of his inner circle. "This has always been something he wanted to do, but there were people trying to convince him to drop it," the official said. "It’s always been an instinctual call for him; he’s just circled back to it again." It remains unclear how the toll system—linked to a potential resumption of a maritime blockade of the strait—would operate, or whether the U.S. has even consulted with Gulf nations on the matter. Details of the plan are still being finalized, the official added.

5 minutes ago

The US semiconductor equipment sector rebounds in pre-market trading, with AMAT up 3.41%.

According to Bit.com market data, the US semiconductor equipment sector rebounded in pre-market trading, with individual stocks rising as follows: Applied Materials (AMAT) up 3.41%, Onto Innovation (ONTO) up 2.23%, Lam Research (LRCX) up 3.06%, KLA Corporation (KLAC) up 2.74%, Teradyne (TER) up 3.03%, and Entegris (ENTG) up 2.00%.

5 minutes ago

Whale Alert: Following SK Hynix’s midday price drop, a wave of bottom-fishing emerged, with the current top winner boasting a return rate approaching 100%.

According to Hyperinsight monitoring, SK Hynix’s stock once dipped below $1,200 intraday today, triggering a wave of concentrated bottom-fishing in crypto-related contracts. Across platforms, long positions for SKHX rose significantly; Binance’s funding rate jumped to 0.5% per 8 hours, with trading congestion rising notably. On Hyperliquid, the large wallet posting the strongest profit in this bottom-fishing round is the address starting with 0x803. This address currently holds a 10x isolated long position of 1,500 SKHX contracts, with a notional position size of around $1.949 million and an average entry price of $1,183.3. As of press time, SKHX trades at approximately $1,299.5, some 9.8% above its cost basis. The long position has an unrealized profit of around $174,300, with the return rate climbing to 98.2%—the highest among all visible large SKHX bottom-fishing addresses on the platform, and its liquidation price stands at $1,023.9. Data shows that during SKHX’s accelerated midday dip, this address completed 228 buy orders within roughly half an hour, accumulating 1,500 contracts at prices ranging from $1,165.7 to $1,204.4, with a total transaction value of around $1.775 million. Following SKHX’s subsequent sharp rebound, the position quickly turned from low-level entry to substantial unrealized profit. Currently, the address has placed two take-profit sell orders for 300 contracts each at $1,305.5 and $1,315.5 respectively, totaling 600 contracts with a notional value of around $786,000, covering 40% of its current long position. If both orders are fully executed, the remaining 900 long contracts will retain upside exposure. HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as admin (enable message sending permission) to automatically sync on-chain news.

5 minutes ago