SK Hynix rose nearly 5% after announcing plans to buy back and cancel 40 trillion Korean won of shares. Marvell Technology gained over 10% after issuing warrants for up to 58.97 million shares to Google.
MemeCore Announces $1B Strategic Deal With ZeroStack
MemeCore announced a $1 billion strategic deal with Nasdaq-listed crypto infrastructure asset management company ZeroStack. MemeCore will contribute related assets in exchange for ZeroStack equity and pre-funded warrants. The deal aims to connect the MemeCore ecosystem with U.S. public capital markets.
Steve Cohen's Point72 sold all 72,431 shares of Strategy stock. Point72 bought 163,419 shares of Strive stock valued at $2.1 million and shifted allocation toward ASST.
Tempus AI rose 15.49% as U.S. AI-related stocks advanced at the market open. The Dow rose 0.32%, the S&P 500 gained 0.44%, the Nasdaq added 0.39%, and the VIX fell 4.36%.
Sign Code Merges Into Panurus Tokenization Framework
Linux Foundation Decentralized Trust merged Sign's code into Panurus, an open tokenization development framework. Panurus supports institutions that issue and manage digital assets across blockchains and systems. IBM Research, the Banque de France, and Offchain Labs also contributed.
The U.S. Treasury raised its long-term Treasury buyback cap to at least $4 billion. Gold rose more than $70 after the announcement. The benchmark 10-year Treasury yield fell to about 4.651%, while the dollar index touched 99 for the first time since June this year.
HSBC Hong Kong Targets H2 2026 for Hong Kong Dollar Stablecoin Launch
HSBC Hong Kong said preparations for its Hong Kong dollar stablecoin launch in the second half of 2026 remain on schedule. The bank said further details will be announced shortly. Initial use cases will include on-chain payments and tokenized product investments for HSBC customers.
Ethena and FalconX established a $1 billion secured facility for assets backing USDe. FalconX will manage overcollateralized institutional loans for trading strategies, corporate treasury management and payments.
Google Secures Right to Buy Up to $12.2B in Marvell Stock
Google secured rights to purchase up to $12.2 billion in Marvell shares through an expanded chip development collaboration. Marvell's regulatory filings state that Google can buy up to 58,970,907 shares at $206.58 each. Most rights will unlock based on revenue from jointly developed products.
The White House has not publicly released details of its voluntary advanced AI model testing framework more than two weeks after introducing it to AI companies. OpenAI, Anthropic, and Google remain unclear about testing standards and government information access.
FalconX and Ethena announced a $1 billion secured lending facility using USDe reserve assets. The facility will provide overcollateralized credit to institutional clients through a special purpose vehicle. FalconX will manage loan origination, servicing, and collateral.
Robinhood CEO Vlad Tenev said tokenization may reshape global finance by bringing stocks, private equity, and real estate on-chain. Tenev said blockchain technology could improve trading efficiency, reduce intermediary costs, and expand investor access.