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Crypto

Iran talks optimism restores risk appetite; will bitcoin top $64,700?

Bitcoin rebounded intraday and moved back above $63,000, lifting BTC/USD about 1.5 percent on the day, as risk appetite returned after U.S. President Donald Trump’s comments on Iran. U.S. stocks also rose. CoinGlass data showed crypto short liquidations over the past 24 hours were close to $100 million. Traders and analysts pointed to key levels, including $68,000 as a potential short-entry zone and $64,700 as a crucial daily close.

Industry

Bain Capital says Japanese chipmakers have reasons they cannot keep up with Samsung, SK hynix

Samsung Electronics and SK hynix are seen as maintaining a structural competitive edge over Japanese semiconductor companies even in the AI memory era, a Bain Capital executive said. Yuji Sugimoto (스기모토 유지), head of Bain Capital Japan, attributed their strength to chaebol-led top-down leadership and ownership structures that enable swift decisions on large-scale investment. He discussed Kioxia’s turnaround after Bain led a consortium buyout of Toshiba Memory.

Industry

Micron shares jump nearly 8 percent after new U.S. supply chain investment plan

Micron shares jumped sharply after the company announced new investment aimed at strengthening the U.S. semiconductor supply chain. The stock rose 7.9 percent to close at $1,023.79, regaining the $1,000 level. Micron said it will make up to $3 billion in new strategic investments and expand its U.S. investment plan through 2035. The plan includes support for GlobalWafers’ Texas operations and a 10-year silicon wafer supply agreement.