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Intchains Gr

Intchains Group Ltd provides integrated solutions consisting of high-performance ASIC chips and ancillary software and hardware for blockchain applications. Its ASIC chips are designed for several key blockchain algorithms including Blake2bsha3, sha512MD160, Cryptonight V4, Eaglesong, Blake2s and others. The company has built a proprietary technology platform named Xihe Platform, which allows the development of a wide range of ASIC chips with high efficiency and scalability. It designs its ASIC chips in-house, which enables it to leverage proprietary silicon data to deliver products reflecting the latest technological developments. Geographically, it operates in Mainland China, Hong Kong, and Other countries or regions.

Intchains Group Limited - American Depositary Shares

Intchains Group Ltd

INDIA CAPITAL GROWTH FD by India Capital Growth Fund Ltd.

ICHIGO GREEN INFRSTRCTURE by Ichigo Green Infrastructure

Ichigo Green Infrastructure Investment Corp

INTELLICENTRICS GLBL HLD by INTELLICENTRICS GLOBAL HLDG.

IMAGE CHAIN GROUP LTD INC by Image Chain Group Limited, Inc.

INTERMEDIATE CAP GRP NEW by Intermediate Capital Group Plc.

Intermediate Capital Group PLC

News

Reported Earlier, McEwen Mining Starts Construction At Fox Complex's Stock Mine With Goal To Reduce Per-Ounce Costs And Raise Output In 2025

This collaboration aims to deliver highly sensitive, cost-effective, and decentralized MRD testing solutions that enable oncologists to monitor cancer recurrence and guide personalized treatment decisions using minimally invasive blood samples.

QGEN

Reported Earlier, Tracer Biotechnologies And QIAGEN Partner To Co-Develop Blood-Based MRD Assays For Solid Tumors On QIAcuity Digital PCR Platform

Reported Earlier, Grupo Aeroportuario del Pacífico Sees 2.6% Increase In May 2025 Passenger Traffic Compared To Prior Year

<ul>
<li>Total gross proceeds of up to $150.0 million before the end of 2026 if all Series B warrants and Series C warrants are exercised for cash</li>
<li>Xilio may elect to cancel unexercised Series B or Series C warrants proportionately to the amount of non-dilutive capital received, under certain circumstances</li>
<li>Financing co-led by new investors Coastlands Capital and Frazier Life Sciences and included participation from Gilead Sciences, Inc., Logos Capital, Samsara BioCapital and other new and existing investors</li>
</ul>

Reported Earlier, Xilio Therapeutics Closes $50M Public Offering, With Potential To Raise Up To $150M Through Warrant Exercises By 2026

FIBK

Reported Earlier, First Interstate BancSystem Announces $125M Public Offering Of Subordinated Notes With 7.625% Fixed Rate Through 2030

CYBR

Reported Earlier, CyberArk Software Announces Pricing of $1.1B 0.00% Convertible Notes Due 2030, Upsized From Initial $750M Offering

Reported Earlier, WEC Energy Group Upsizes Convertible Notes Offering To $775M, Pricing 3.375% Senior Notes Due 2028

The war of words between President Donald Trump and his former advisor, Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Elon Musk, reached new heights when the latter publicly backed a call to impeach the President and replace him with Vice President JD Vance.
What Happened: Amid the <a href="https://www.benzinga.com/news/politics/25/06/45800612/trump-says-musk-has-trump-derangement-syndrome-as-battle-over-bill-heats-up-had-a-great-relationship-dont-know-if-we-will-anymore">ongoing feud</a> between two of the world's most powerful individuals, right-wing commentator Ian Miles Cheong posted: "President vs Elon. Who wins? My money's on Elon. Trump should be impeached and JD Vance should replace him."
Musk replied with a "Yes" around 20 minutes later. Cheong's post was accompanied by a screenshot of a post Musk made earlier, alleging that Trump's name appears in the Epstein files.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">President vs Elon. Who wins? My money&#39;s on Elon. Trump should be impeached and JD Vance should replace him. <a href="https://t.co/r0D4Gkiz4v">pic.twitter.com/r0D4Gkiz4v</a>
&mdash; Ian Miles Cheong (@stillgray) <a href="https://twitter.com/stillgray/status/1930713852175331335?ref_src=twsrc%5Etfw">June 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: <a href="https://www.benzinga.com/news/movers-shakers/25/06/45807280/elon-musk-bleeds-34-billion-as-tesla-shares-tank-14-amid-spat-with-trump-how-the-billionaires-fortune-has-fared-so-far-in-2025">The fallout</a> between the two men was triggered by Musk's <a href="https://www.benzinga.com/news/25/05/45635854/elon-musk-disappointed-with-trumps-big-beautiful-bill-says-it-undermines-the-work-that-the-doge-team-is-doing">sharp criticism of Trump's "big, beautiful bill"</a>. The conflict escalated after Trump said he was "very surprised" and "very disappointed" in Musk's comments. Musk pushed back, claiming he had helped Trump win in 2024 and accused him of "ingratitude."
The <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45805173/musk-vs-trump-tesla-suffers-record-152b-one-day-crash-as-ceo-warns-tariffs-will-cause-a-recession">trading of insults continued</a>, with Musk posting: &#8220;Congress is spending America into bankruptcy!&#8221; and Trump stating, &#8220;I don&#8217;t mind Elon turning against me, but he should have done so months ago. This is one of the Greatest Bills ever presented to Congress.&#8221;
Trump and Musk also sparred over Musk's EV mandate, with the former alleging that the removal of the mandate had caused Musk to go "CRAZY."
Press secretary Karoline Leavitt reacted to the situation, saying: "This is an unfortunate episode from Elon, who is unhappy with the One Big Beautiful Bill because it does not include the policies he wanted."
Tesla lost a staggering $152 billion in market value on Thursday, marking a record single-day decline. Despite the drop, the electric vehicle maker still carries a consensus price target of $299.60, based on assessments from 26 analysts.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1024" height="378" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06020135/image-79.png" alt="" class="wp-image-940697" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06020135/image-79.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06020135/image-79-300x111.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06020135/image-79-768x284.png 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Price Action: Tesla shares have dropped 24.50% so far this year. However, in Thursday's after-hours trading, the stock edged up 0.77% to close at $286.90, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="442" height="270" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06020148/image-80.png" alt="" class="wp-image-940698" style="width:436px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06020148/image-80.png 442w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06020148/image-80-300x183.png 300w" sizes="(max-width: 442px) 100vw, 442px" /></a></figure>
Benzinga&#8217;s Edge Stock Rankings point to Tesla's solid price momentum across short, medium, and long-term trends. More detailed performance insights can be <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">found here</a>.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/movers-shakers/25/06/45807280/elon-musk-bleeds-34-billion-as-tesla-shares-tank-14-amid-spat-with-trump-how-the-billionaires-fortune-has-fared-so-far-in-2025">Elon Musk Loses $34 Billion As Tesla Sheds $153 Billion Amid Feud With Trump—Here&#8217;s How The Billionaire&#8217;s Fortune Has Fared So Far In 2025</a></li>
</ul>
Photo courtesy: Shutterstock

Politics

Markets

TSLA

Elon Musk Says 'Yes' To Impeaching Trump, Replacing Him With JD Vance Amid Fierce Back-And-Forth Over 'Big, Beautiful Bill'

Reported Earlier, CN To Issue C$500M In 3.500% Notes Due 2030 And C$500M In 4.200% Notes Due 2035, Closing Expected June 10, 2025

President&nbsp;Donald Trump&nbsp;has hinted at a possible reconciliation with&nbsp;Elon Musk&nbsp;following a public spat. The White House is reportedly working to de-escalate the situation.
What Happened: Trump, in an interview with&nbsp;<a href="https://www.politico.com/news/2025/06/05/trump-white-house-aides-signal-a-possible-detente-with-musk-00391502">Politico</a>&nbsp;on Thursday, appeared nonchalant about his recent social media clashes with Musk. The President&#8217;s aides have been urging him to tone down&nbsp;his public criticism of Musk&nbsp;to prevent further escalation. They have even scheduled a call with Musk to potentially resolve the conflict.
Despite the apparent tension, Trump seemed unfazed, stating, "Oh it's okay."
&#8220;It&#8217;s going very well, never done better.&#8221; He also mentioned his high favorability ratings, indicating a possible shift in his stance towards Musk.
The White House did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment. 
The feud between the two influential figures centered around Trump&#8217;s &#8220;big beautiful bill,&#8221; a legislative proposal encompassing his presidential agenda. The exchanges became increasingly acrimonious, prompting aides and allies to intervene and Musk to show a willingness to mend fences.
Earlier on Thursday, Trump, at the behest of his aides, moderated his comments on social media, focusing on the bill&#8217;s passage through the Senate rather than the conflict with Musk. This change in tone was evident in one of Trump&#8217;s Truth Social posts.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="602" height="300" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06020016/image-78.png" alt="" class="wp-image-940694" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06020016/image-78.png 602w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06020016/image-78-300x150.png 300w" sizes="(max-width: 602px) 100vw, 602px" /></figure>
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/25/06/45800902/the-white-house-pushes-back-with-a-mythbuster-article-saying-people-wont-literally-die-from-their-tax-bill" target="_blank" rel="noreferrer noopener">The White House Pushes Back With A &#8216;Mythbuster&#8217; Article Saying People Won&#8217;t &#8216;Literally Die&#8217; From Their Tax Bill</a>
Why It Matters: This feud has strained the <a href="https://www.benzinga.com/news/politics/25/06/45800612/trump-says-musk-has-trump-derangement-syndrome-as-battle-over-bill-heats-up-had-a-great-relationship-dont-know-if-we-will-anymore">once close</a> relationship between Trump and Musk, who was instrumental in the Department of Government Efficiency during the early days of Trump&#8217;s administration.
The public spat between Trump and Musk has had significant repercussions. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares plummeted by 14.26%, <a href="https://www.benzinga.com/news/movers-shakers/25/06/45807280/elon-musk-bleeds-34-billion-as-tesla-shares-tank-14-amid-spat-with-trump-how-the-billionaires-fortune-has-fared-so-far-in-2025">erasing $152 billion </a>in market capitalization, marking its largest single-day decline. This feud has not only affected Tesla&#8217;s stock but also Musk&#8217;s personal fortune.
 The potential truce could help mend their relationship and possibly stabilize Tesla&#8217;s stock.
Tesla stock plunged 14.26% on a single day and closed at $284.70 on Thursday. It recovered 0.77% during the after-hours trading, as per data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/45784639/jeff-bezos-let-customers-cancel-their-own-amazon-orders-and-it-paid-off-big-if-you-give-people-more-" target="_blank" rel="noreferrer noopener">Jeff Bezos Let Customers Cancel Their Own Amazon Orders And It Paid Off Big: &#8216;If You Give People More Control&#8230;Maybe They&#8217;ll Order More&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trump Signals Truce With Elon Musk After Online Feud: 'It's Going Very Well, Never Done Better'

ADXN

Addex Therapeutics Reports Preclinical Results For GABAB PAM, Demonstrating Superior Efficacy And Tolerability In Chronic Cough Models

HIVE

HIVE Digital Technologies Surpasses 10 EH/s In May 2025 With 58% Monthly Hashrate Growth, On Track For 25 EH/s By Year-End

Focus remains on delivering market-leading solutions to SMEs across Ireland and the broader European market

Fiserv To Acquire Remaining 49.9% Stake In AIB Merchant Services, Accelerating Growth Across Ireland And The Broader European Market

Macro Economic Events

Econ #s

Economics

Germany Trade Balance For April 14.6B Vs. 20.2B Est.; 21.2B (Revised) Prior

Germany Industrial Production (MoM) For April -1.4% Vs. -0.9% Est.; 2.3% (Revised) Prior

U.K. Halifax House Price Index (YoY) For May 2.5% Vs. 3.2% Prior

U.K. Halifax House Price Index (MoM) For May -0.4% Vs. 0.4% Est.; 0.3% Prior

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Household Spending (MoM) For April -1.8% Vs. -0.8% Est.; 0.4% Prior

Reported Earlier, Japan Household Spending (YoY) For April -0.1% Vs. 1.5% Est.; 2.1% Prior

INDA

India Interest Rate Decision 5.50%	Vs. 5.75% Est.; 6.00% Prior

Press Releases

Intchains Group Limited to Present at the 37th Annual ROTH Conference

Intchains Group Hosts Ask Me Anything session with Aleo Co-Founder Howard Wu to Explore the Future of Crypto Mining

Earnings

Intchains Group Limited Reports Fourth Quarter and Full Year 2024 Unaudited Financial Results

General

Intchains Group Limited's Goldshell launches its first ever crypto wallet today: GS Wallet brings users next-gen security and premium user experience

Intchains Group Limited Announces Entry into Agreement for Registered Direct Offering of its ADSs and Warrants

Intchains Group Limited's Goldshell launches its innovative product today: Goldshell Byte enables dual mining with swappable cards

Financing

Intchains Group Limited Announces Closing of Registered Direct Offering of its ADSs and Warrants

Intchains Group Limited to Report Unaudited First Quarter 2025 Financial Results on Thursday, May 22, 2025

Intchains Group Limited to Participate in the "Virtual Digital Assets Seminar" Presented by Benchmark Company on Tuesday, May 20th at 9:45 a.m. EDT

Intchains Group Limited Reports First Quarter 2025 Unaudited Financial Results

Blaize Holdings

CEVA

Datavault AI

GCT Semiconductor Holding, Inc. Common Stock

GCT Semiconductor Hldgs

GSI Technology

indie Semiconductor, Inc. - Class A Common Stock

Indie Semiconductor

Kopin

SEALSQ

SemiLEDs

Maxeon Solar Technologies, Ltd. - Ordinary Shares

Maxeon Solar Technologies

Mobix Labs

Everspin Technologies, Inc. - Common Stock

Everspin Technologies

Magnachip Semiconductor Corporation Common Stock

MagnaChip Semiconductor

Nano Labs

Pixelworks

QuickLogic

Semilux International Ltd. - Ordinary Shares

Semilux International

SkyWater Technology

SmartKem

Sequans Communications S.A. American Depositary Shares (each representing ten (10) Ordinary Shares)

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