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Golden Ten Data, May 13｜According to TheElec, SK Group (the actual controlling party of SK Hynix) subsidiary SKC recently announced plans to issue 11.73 million new shares to raise 1.17 trillion KRW (about 5.3 billion RMB). Of this, approximately 589.6 billion KRW (about 2.7 billion RMB) will be invested in its subsidiary Absolix to support its glass substrate mass production plans for the next three years. Driven by these expectations, SKC's share price has risen about 60% from its low point in April. Company executives stated: "This is the result of shareholders' and investors' strong recognition of SKC's core competitiveness and the future value of the next-generation glass substrate business." He added: "Based on the capital raised, we plan to smoothly advance the commercialization progress of glass substrates and strive for a breakthrough improvement in our financial structure." All signs indicate that SKC is about to start mass production of glass substrates.The report states that Absolix recently launched a new project—providing "non-embedded" glass substrate samples for next-generation network semiconductors to an American telecom semiconductor company. The report points out that this project marks a shift in Absolix’s business focus from the previous concentration on embedded glass substrates to other fields, and if reliability testing is successfully completed, commercial preparation may be accomplished as early as this year. It is worth mentioning that Absolix’s glass substrate plant in Covington County, Georgia, USA, was completed in 2023 and is the world’s first manufacturing plant for glass substrates used in semiconductor packaging. Supplementary reports from The Korea Economic Daily and other outlets state that samples produced by Absolix are undergoing performance tests at several companies, including AMD and Amazon Web Services (AWS), which could help drive the company to begin mass production before the end of this year, potentially making it the world’s first such project.

Foresight News reports that YZi Labs has announced the 25 graduating teams of its flagship incubation project, EASY Residency Season 3. This cohort of graduating projects focuses on rebuilding on-chain financial market structures, AI agents, tokenization of real-world assets, prediction markets, and privacy compliance, among other areas.The 25 projects include: Bank of AI, which provides identity and payment infrastructure for BNB Chain AI agents; Brief Tech, a legal evidence indexing tool for litigation workflows; Cournot, a verifiable reasoning platform for AI probability outputs; Dapital, a financialized social network and trading platform; Flap, programmable token issuance infrastructure; GEMINT, an on-chain marketplace for collectibles and intellectual property assets; LayerV, an on-chain options and structured products platform; LunarBase, a CEX-grade on-chain liquidity platform; L7, a multi-market agent capital acquisition platform; Möbius, a unified DeFi margin layer; Nemesis, a permissionless margin trading protocol; Newsliquid, an AI agent-driven automated financial decision execution layer; Openstocks, a DeFi platform for tokenized private market exposure; PokerFi, an on-chain poker skill game options market; Polysights, prediction market automation and smart infrastructure; Renaiss, physical collectibles RWA liquidity infrastructure; TermMax, a fixed-rate decentralized lending platform; 0xBow, compliance-oriented digital asset privacy infrastructure; Functor, a self-custody authorization layer for AI agent workflows; Isaac, a new bank offering interest-free stablecoins for the Muslim market; MARGIN X, a BNB Chain on-chain prime brokerage platform; Orbswap, an N-dimensional AMM enabling frictionless stablecoin swaps; SilentSwap, a compliance-oriented cross-chain privacy swap protocol; Taco AI, an AI agent trading and automation infrastructure for the crypto market; Vibe.fun, an on-chain event-driven derivatives platform.

Bart Melek, Global Head of Commodity Strategy at TD Securities, stated that investors are heavily betting on further rises in copper prices through options trading. Orest Wowkodaw, mining analyst at Scotiabank, currently predicts that by 2027 the global copper market will see a deficit of 350,000 tons. Just two months ago, he was expecting the market to be balanced. "This is indeed the 'perfect storm' for rising copper prices; despite elevated prices, the supply side still faces tremendous challenges," he commented at an event in Toronto on Tuesday. "I may have never seen a better global copper demand environment than today. This sets the stage for copper prices to go 'higher and last longer'."