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Crypto

Samsung Electronics, SK Hynix slump puts bitcoin on edge; what markets are watching

A sharp fall in shares of Samsung Electronics and SK Hynix is emerging as an early risk signal for bitcoin, as the cryptocurrency has recently shown a high correlation with AI-linked tech stocks. The selloff pushed South Korea’s KOSPI to a three-month low and spread to U.S.-listed SK Hynix shares and the Nasdaq 100. Markets are watching upcoming earnings and signs of whether AI investment expectations are weakening or risk aversion is deepening.

Crypto

Galaxy Digital, Mara secure Texas sites to expand AI infrastructure

Galaxy Digital and Mara Holdings have each secured new sites in Texas as they move to expand infrastructure for artificial intelligence, high-performance computing and bitcoin mining. Galaxy Digital said it bought a 500-acre site in McGregor to build its second AI and HPC data center campus in the state, starting at 74 megawatts and expanding in phases. Mara said it signed a deal to acquire a 1,200-acre, power-connected site in Matagorda County with access to up to 2 gigawatts.

AI & Enterprise

Tencent shifts bets to China\'s AI leaders from DeepSeek to AI chips

Tencent is rapidly shifting its investment focus from traditional internet companies to Chinese artificial intelligence firms, investing across large language model startups, AI chips and general-purpose AI agents. It sold part of its stake in Kuaishou but joined a $3 billion funding round for Kuaishou’s Kling AI service. Tencent has backed Moonshot AI and DeepSeek, and has invested in Manus operator Butterfly Effect. It also holds stakes in Zhipu AI, MiniMax, Enflame Technology and Lightelligence.