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first_img Micron grants the highest bonuses in history, and the Taiwan union states it will continue to push for strikes

Micron announced today that it will distribute 2026 fiscal year bonuses to over 60,000 employees worldwide to acknowledge the company's achievements this year, marking the highest bonuses in Micron's history. Taiwan is a key hub for Micron's global technology leadership, with approximately 15,000 employees and a cumulative investment of over NT$1.6 trillion.In Taiwan, the 2026 fiscal year bonuses include a NT$1 million cash bonus for each employee who joins before August 29, 2025, with subsequent hires receiving bonuses proportionate to their duration of employment; an annual performance bonus that can reach up to 500% of the basic target; and additional stock awards. Production line employees in Taiwan will receive total compensation equivalent to 35 to 68 months of salary. The cash compensation for Micron's employees in Taiwan for the 2026 fiscal year will start at NT$1.7 million; entry-level engineers will have an average cash compensation of NT$2.9 million, with an average total compensation of NT$3.4 million after including stock awards calculated at grant value. The annual performance adjustment stock awards will cover 100%.Regarding Micron's announcement without reaching a consensus with the union, the union stated after collecting member opinions: grassroots members demand institutional reform and equal negotiation, calling for a change in the IPP profit-sharing system to a 15% profit-sharing system, stating that one-time bonuses cannot resolve the issue, and expressing the hope to establish a calculation basis directly linked to the company's actual profits. If there is no response, the union will continue to move towards a strike. The Ministry of Labor stated that it has fully grasped the relevant information and is maintaining close contact with the Taoyuan City Government, the Central Taiwan Science Park Administration, and the Taichung City Government.

first_img Institutions like Nasdaq have written to the European Union, requesting the cancellation or increase of the tokenization cap

According to CoinDesk, European financial and cryptocurrency industry organizations have written to the EU Council and the European Parliament, urging lawmakers to remove the cap on the scale of tokenized securities platforms or set it at least at €1.5 trillion (approximately $1.74 trillion), arguing that the €100 billion cap proposed by the European Commission will hinder industry development. Signatories include the French Digital Asset Association Adan, Crypto Council for Innovation, the European Ethereum Institute, as well as companies like Nasdaq and Boerse Stuttgart.The EU's distributed ledger pilot regime allows operators to test the trading and settlement of tokenized stocks, bonds, and investment funds while exempting some existing financial rules. After observing "moderate" participation, the European Commission proposed to expand the pilot framework and raise the current €6 billion cap to €100 billion. Adan stated that considering the development of the global market, this increase is still insufficient, and their preferred option is to completely remove the cap or at least set it to €1.5 trillion, which is 15 times the proposed cap.The joint letter pointed out that some existing European projects have reached a scale of €350 billion and plan to grow further, but did not disclose specific projects or calculation methods. The letter also emphasized that the relevant threshold targets the market capitalization of admitted securities rather than trading volume and opposed giving central securities depositories a significantly higher differentiated cap than other blockchain market operators, arguing that this would be detrimental to emerging service providers.The alliance also compared the restrictive measures in Europe with an unnamed mainstream settlement platform in the United States, which can tokenize assets like stocks without a trading volume cap; if the cap is retained, the alliance hopes the Commission can flexibly raise it as the market grows, without presetting a maximum limit.

first_img Kalshi permanently banned former Congressman George Santos for manipulating the attendance prediction market for the State of the Union address

The prediction market platform Kalshi has permanently banned former U.S. Congressman George Santos and fined him $71,356 for manipulating a market related to his attendance at the State of the Union address, profiting nearly $18,000. This is the first time the exchange has imposed a lifetime ban on a former member of Congress.According to a disciplinary notice issued by Kalshi's compliance department on August 28, Santos conducted multiple large transactions in this market between February 2 and 25. Since he was able to influence the outcome, exchange rules prohibited him from participating in trading. He subsequently issued a series of public statements regarding his attendance, some of which were false or misleading, intending to drive price movements in the "Yes" and "No" contracts. The compliance department determined that these statements did indeed manipulate prices, allowing him to profit $17,839.57 in the relevant market, violating multiple rules regarding market manipulation, influencing trading outcomes, and using deceptive practices, and he faced additional penalties for failing to cooperate with the investigation.The prediction market allows users to bet on the outcomes of real-world events such as elections, sports, and economic data by purchasing "Yes" or "No" contracts. As event contracts have become mainstream, Kalshi and its crypto-native competitor Polymarket have seen a surge in trading volume over the past year, attracting significant institutional interest.

first_img Kalshi permanently banned former Congressman Santos for his involvement in trading based on the State of the Union address

According to The Block, the prediction market platform Kalshi has permanently banned former U.S. Congressman George Santos, marking the first time the platform has imposed a permanent ban on an individual. According to a disciplinary action and settlement notice submitted on Monday, Santos violated platform rules by trading on a prediction contract regarding whether he would attend the State of the Union (SOTU) address and was fined over $71,000.Previously, the Commodity Futures Trading Commission (CFTC) accused Santos of using his public statements made two weeks before the SOTU to influence the prices of related event contracts and reached a $35,000 settlement with him. Santos's lawyer stated that he had booked a hotel and flight to Washington, believing he would attend the event. Santos served as a congressman representing New York from January 2023 until the end of the year, when he was expelled for ethical violations.As the prediction market grows to billions of dollars, concerns about insider trading are increasingly being raised. The CFTC recently fined former White House teleprompter operator Gabriel Perez $172,000 for profiting in Kalshi's "mention market" by using advance access to Trump's speech content. Legislators have proposed several bipartisan bills to restrict trading on non-public information, but they have not yet passed; platforms like Kalshi and Polymarket are taking preventive measures, such as requiring employment verification for sensitive market traders.

The voting rate for the Samsung union wage agreement has greatly increased, just one step away from final approval

The approval voting rate for the preliminary agreement on wages and collective bargaining for 2026 by the largest union of Samsung Group has sharply increased. As a result, expectations for the approval of the agreement are rising. However, due to the significant bonus gap between the semiconductor sector and the equipment experience sector, as well as between the memory and non-memory sectors, discussions about fairness are expected to continue.According to the union, as of 8:29 AM local time on the 25th (7:29 AM Beijing time), out of 57,291 eligible voters, 49,363 have voted on the approval of the preliminary agreement on wages and collective bargaining, resulting in a voting rate of 86.16%. This vote is the final step in determining whether to accept the preliminary agreement reached by both labor and management regarding wages and collective bargaining. The core of the agreement is to allocate 10.5% of the operating performance of the DS department as a special management performance bonus fund, to be paid in the form of treasury stock.Industry insiders believe that members of the DS department, who account for about 80% of all union members, are likely to push the agreement through. As long as a majority of eligible voters participate and a majority of those who vote are in favor, the vote will be finalized. Voting will end at 10 AM on the 27th.
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