Key takeaways:
- NVIDIA’s HBM’s primary provider, SK Hynix, is going to list on NASDAQ.
- As a core component of AI-based crypto projects’ hardware side, the listing of SK Hynix is expected to ignite a positive momentum in the cryptocurrency market.
- SK Hynix will be listed on Nasdaq on July 10th, 2026.
- The stock is already up in North Korea, driven by the U.S. listing.
SK Hynix, the South Korean semiconductor company and a major supplier of High Bandwidth Memory (HBM) to clients such as Nvidia, Microsoft, and Apple, is aiming for a U.S. listing via Nasdaq ADRs (American Depositary Receipts). Since HBM is a major component of the AI hardware infrastructure, the listing matters a great deal for AI-focused cryptocurrency assets.
The company has been publicly traded in South Korea since 1996, and the U.S listing news made it surge 13% today. The ADR listing on Nasdaq was filed with the U.S. Securities and Exchange Commission (SEC) for $29.4 billion, and the trading is expected to commence on July 10th, 2026, under the ticker SKHY.
Why SK Hynix’s Listing Matters for AI Cryptocurrency Assets?
It is well known that most of the AI-based cryptocurrency projects use Nvidia’s GPU for powering the AI agents, training the AI models, and for decentralized computing and trading. NVIDIA’s AI GPUs make it possible through High Bandwidth Memory (HBM), a critical component for performance.
NVIDIA consumes an estimated 70%+ of global HBM production, and the primary source of HBM is via SK Hynix, which powers its advanced systems such as H100, H200, and Blackwell (B100/B200) series. Through the listing, SK Hynix will likely increase its production in the U.S., directly scaling the network abilities of AI-based crypto systems.
Can SK Hynix’s Nasdaq Listing Ignite an AI Bull Run in Crypto?
When the AI-based crypto projects are scaled up, it will directly impact the charts by inviting new investors and users to the platforms. In addition, a narrative-driven sudden pump can also be expected, as witnessed in the South Korean stocks of SK Hynix. Also, crypto and stocks have been going in parallel for a while, as the recent Nasdaq correction influenced Bitcoin in its downtrend.
The crypto market always reacts positively to strong narrative-driven catalysts, but the core question is which assets will thrive among these 100s of AI-based coins. There are blockchain assets based on AI & big data, AI agents, AI memes, and more. We suggest the trader do their own research to find the best AI-focused crypto that suits them, independent of the speculation-driven opinions.
List of Top 10 AI & Big Data Crypto Assets By Market Capitalization
Here is a list of the top 10 AI and big data cryptocurrency assets, ranked on the basis of market capitalization.
| Position | Name | Ticker | Market Cap (25/06/2026) |
| 1 | NEAR Protocol | NEAR | $2.51 Billion |
| 2 | Bittensor | TAO | $2.41 Billion |
| 3 | DeXe | DEXE | $1.94 Billion |
| 4 | Internet Computer | ICP | $1.24 Billion |
| 5 | Render | RNDR | $797 Million |
| 6 | Venice Token | VVV | $616.68 Million |
| 7 | Filecoin | FIL | $595.63 Million |
| 8 | Injective | INJ | $422 Million |
| 9 | Artificial Superintelligence Alliance | FET | $392.76 Million |
| 10 | Virtuals Protocols | VIRTUAL | $392.75 Million |
The Bottom Line
While the listing of Nvidia’s HBM supplier SK Hynix on Nasdaq is highly positive news for the AI crypto sector, whether it will reflect immediately in the crypto charts is doubtful. As a market with extremely volatile behaviour, it is important to invest only the funds one can afford to lose. Anything can happen in the crypto charts, irrespective of all the predictions, so always do your own research before investing!