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Crypto
Delaware and New Jersey advance bills to ban cryptocurrency ATMs
Delaware and New Jersey have each moved bills to ban cryptocurrency ATMs to the floor of their legislatures. The proposals would prohibit the ownership, installation and operation of crypto ATMs, driven by concerns they are mainly used for fraud. Delaware’s bill would require existing machines to be removed within 90 days if enacted and includes fines and refund requirements. Supporters cite FBI data showing complaints and losses rising in 2025.
Industry
SK On shifts to sole CEO Yong-wook Lee as Seok-hee Lee steps down
SK On will shift to a sole CEO structure led by Yong-wook Lee after Seok-hee Lee said he would step down as CEO at the end of May. The move ends the co-CEO system launched in October last year after about seven months. Lee cited health and stamina issues. His resignation was delayed until key management issues were wrapped up, including a restructuring of the BlueOval SK U.S. joint venture with Ford and a conversion of the Tennessee plant into a standalone entity.
Industry
LG Energy Solution signs $1.6 billion ESS supply deal with DTE Energy
LG Energy Solution said on May 28 it signed a $1.6 billion energy storage system supply contract with U.S. utility DTE Energy. Total supply volume is 6 GWh and deliveries will run for about two years. DTE Energy, Michigan’s largest power utility, plans to use the ESS for eight grid projects, including an Oracle AI data center in Salem Township. LG Energy Solution said production will center on its Holland, Michigan plant.
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Industry
K battery makers see end of chasm tunnel, profitability within reach in Q2
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Industry
LG Energy Solution posts Q1 operating loss of 207.8 billion won, swings to red
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Business & Finance
Elon Musk to entrench lifetime CEO control at SpaceX
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Crypto
Tennessee bans cryptocurrency ATMs statewide after Indiana
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Finance
SpaceX holds private analyst meetings ahead of IPO
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Industry
Battery recycler Ascend Elements files for bankruptcy protection
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Industry
Korea\'s three battery makers set for first-quarter losses
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Industry
LG Energy Solution converts Tennessee plant to ESS production
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Crypto
U.S. Tennessee judge blocks state bid to regulate Kalshi
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Crypto
Elon Musk says X Money to launch limited external beta in 1 to 2 months
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Industry
K-battery big three look to ESS to offset EV losses
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Crypto
Nevada court orders temporary shutdown of Polymarket
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Industry
LG Electronics sets up laundry experience space aimed at U.S. college campuses
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Crypto
Prediction markets hit record weekly volume in early January despite regulatory pressure
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Crypto
Tennessee regulator orders three prediction markets to stop service, raising debate over conflict with federal rules