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Industry

Chinese memory maker CXMT knocks on DDR5 market with supply commitments, raising concerns for Samsung-SK Hynix duopoly

China's memory chipmaker CXMT is preparing to enter the PC DDR5 memory market, raising expectations of changes to the global supply structure led by Samsung Electronics, SK Hynix and Micron. Industry watchers say the move may matter more for diversifying supply than for lowering prices, as CXMT's pricing is said to be similar to rivals'. CXMT is reported to be prioritising consumer PC supply rather than AI data-center products, with early use likely in entry-level products in China.

Crypto

Dogecoin co-founder asks about bitcoin's bottom as price tests $60,000 level

Bitcoin fell for a seventh straight session and briefly slid to around $61,000, its lowest since early April, turning attention to the possible bottom of the current correction. Risk aversion spread across crypto as AI-led risk-asset strength faded, while liquidations jumped to $1.15 billion in 24 hours, mostly long positions. Dogecoin also fell. Prediction market Kalshi priced a near 80 percent chance bitcoin drops below $60,000 in 2026.

Crypto

BitMine buys another 127,000 ether, raises holdings to 4.59% of supply

BitMine Immersion Technologies has increased its ether holdings to 5,543,872 ETH, equivalent to 4.59% of total ether supply. The company bought about 127,000 ETH over the past week, moving closer to its goal of holding 5% of supply, which it calls “Alchemy of 5%.” It said 4.72 million ETH is staked and outlined expected annualised returns from staking. The firm also reported holdings of 204 bitcoin and $247 million in cash.