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Yushu Technology officially launched online and offline subscriptions on August 10, with an issue price of 150.80 yuan per share. The total market value after issuance is approximately 60.993 billion yuan, with total fundraising of nearly 6.1 billion yuan, and the issuance price-to-earnings ratio is 219.23 times, significantly higher than the industry average of 38.56 times.Meituan holds a total of 9.65% of Yushu's shares before issuance through its three subsidiaries, making it the largest external institutional shareholder; Sequoia China holds a total of 7.11%, ranking second. Based on the issue price, the two institutions will receive substantial paper returns. Sequoia first participated in the capital increase in December 2019 with 15 million yuan, at which time the post-investment valuation was only 150 million yuan.A fund under DJI planned to invest 10.1286 million yuan in 2018 for a corresponding shareholding of about 17%, and completed the business registration, but chose to withdraw its investment in 2019. If this investment had been retained until now, the corresponding market value would be approximately 3.7 billion yuan based on the issue price. DJI did not explain the reason for the withdrawal, but in 2019, the company announced an anti-corruption notice, disclosing the handling of 45 employees suspected of corruption, which led to a complete halt of the investment department's work.Among other major shareholders, Jingwei Venture Capital holds 5.45%, Shunwei Capital holds 4.42%, and CITIC Securities holds a total of 4.49%. In terms of strategic placement, DeepSeek received 933,400 shares (subscription of 141 million yuan), and Shanghai Qishan Investment, a subsidiary of Tencent, received 903,300 shares. CITIC Securities, as the sole sponsor, will receive approximately 145 million yuan in sponsorship underwriting fees and will be allocated 808,900 shares through co-investment. Yushu also reminds that the issuance price-to-earnings ratio is significantly higher than the industry average, posing a risk of stock price decline. The deadline for payment for successful applicants is August 12.

On August 5, WEEX Exchange announced that the platform launched Ant.fun (ANTFUN) on August 3 at 18:00 (UTC+8) and has initiated a limited-time zero transaction fee promotion, allowing users to share a 20,000 USDT airdrop for participating in trading. Activity period: 8/4 18:00 - 8/11 18:00 (UTC+8).During the event, all users with an ANTFUN spot trading volume ≥ 100 USDT can participate in sharing a 10,000 USDT prize pool based on their trading volume rankings, with the user ranked first receiving an exclusive reward of 800 USDT.

According to a report by a financial magazine, multiple trading insiders revealed that the large model company DeepSeek has restarted its second round of financing, planning to raise 50 billion yuan, with a pre-investment valuation of approximately 500 billion yuan, and plans to complete the signing by late August.Several investors mentioned that DeepSeek's second round of financing had at least started in mid-July, but was suddenly paused at the end of July. At that time, some investors on the negotiation standby list were informed that the plan to sign the financing agreement was postponed. According to media reports on July 26, DeepSeek paused its second round of financing, one reason being that DeepSeek's founder Liang Wenfeng was dissatisfied with widely circulated comments online, which mainly revolved around the suspected leak of the "transcript of the investor meeting."DeepSeek and the investors at the negotiation table hope that this financing can proceed discreetly after the restart. Currently, some investment institutions that had previously been actively in contact have stated that they have not received news of DeepSeek restarting the financing, and the channel remains in a paused state.

As TRON DeFi Summer S1 enters its final sprint phase, JustLend DAO announces that it will hold a "Highlight Night" in-depth roundtable discussion on July 28 at 20:00 (SGT) in X Space. This event will feature several heavyweight industry guests, focusing on JustLend DAO's lending and borrowing market, Staked TRX, and energy leasing, among other core product matrices, comprehensively analyzing the synergistic effects of assets such as USDD, SUN, and JST within the TRON DeFi ecosystem. At that time, guests will guide you to unlock the triple play of "asset yield, liquidity release, and on-chain resources" in one go, aiming to help DeFi participants at different stages clearly outline the multiple application scenarios and value flows of TRON's core assets. Please stay tuned for the official X Space on July 28 at 20:00 (SGT) to jointly explore the highlights of the TRON DeFi ecosystem.

OKX will launch the SLX (Solstice) Flash Earn Lite event on July 31, 2026, at 15:00. Users can participate by subscribing to BTC, OKSOL, OKB, or SLX to share a reward pool of 2,000,000 SLX.Users can start subscribing on July 27 at 15:00, and the event will end on August 5 at 15:00.

According to the official announcement, the second phase of Gate Pre-IPOs project OpenAI (OPENAI) subscription will officially start on July 15 at 15:00 (UTC+8). This phase supports participation in both USDT and GUSD, with a total subscription value of approximately 20 million USD, issuing a total of 27,700 OPENAI asset certificates, with a subscription price of 1 OPENAI = 722 USD.This subscription will last until July 17 at 15:00 (UTC+8), with a minimum single subscription amount of 100 USDT or 100 GUSD, waiving implied fees and custody costs, and will open pre-market trading in the Pre-IPOs area on July 20 at 16:00 (UTC+8). In terms of the allocation mechanism, the platform uses "average locked amount per hour" as the basis for asset certificate allocation; the earlier the user participates and the longer the lock-up time, the higher the allocation weight.At the same time, Gate is launching multiple subscription benefits, including GT Sunshine Reward, exclusive airdrop activities for VIP users and super agents, and more. Users who successfully subscribe for more than 10,000 USD will receive a reward of 1 GT each; users who subscribe for less than 10,000 USDT can share a 2,000 GT prize pool; in addition, participating in the subscription using GUSD can also enjoy an annualized minting yield of 3.8%.

Sharplink Research Director Steven Ehrlich published an analysis pointing out that Ethereum started strong in July 2026, with an increase of about 11% so far this month. Historical data suggests that investors should pay attention to ETH's performance in July. Steven Ehrlich noted that the core advantage of ETH's July performance is not merely volatility, but the asymmetry between rises and falls: when July sees an increase, the average rise is about 43%, while in years of decline, the average drop is only about 5% (from 2020 to 2025).Historically, months of significant gains for ETH are usually driven by "Ethereum-specific catalysts + supply-demand imbalance." The current market environment also presents similar opportunities, such as: institutional infrastructure is being built, the Ethereum roadmap is continuously upgrading, and corporate funds are consistently increasing their holdings of ETH. Currently, Ethereum is entering a new development phase, where institutional adoption, technological upgrades, and capital allocation may become important factors driving ETH's market performance.

According to the official announcement from NEAR Chain Status, the NEAR mainnet version 2.13.0 has been released, introducing post-quantum transaction signature schemes and dynamic sharding features.Voting will begin at 8:00 AM Beijing time on July 20. Former NEAR core developer Vadim introduced that this upgrade includes features that would typically require a ten-year roadmap for most blockchains: the post-quantum signature ML-DSA-65 becomes the third key type in the protocol after ed25519 and secp256k1, allowing accounts to hold keys that cannot be forged by quantum computers, with only a 32-byte hash recorded on-chain; dynamic sharding enables the chain to automatically monitor the status and size of each shard and to split and re-shard at epoch boundaries without the need for protocol upgrades or manual intervention; Gas Keys provide critical functionality for the proxy economy, allowing a single account to run a batch of proxies to send transactions simultaneously without nonce conflicts.

According to the official website of the Shanghai Stock Exchange, Chinese storage giant Changxin Technology disclosed its IPO prospectus and "Issuance Arrangement and Preliminary Inquiry Announcement" for the Sci-Tech Innovation Board on July 9, officially starting the IPO issuance process for the Sci-Tech Innovation Board. The announcement revealed that the offline subscription date and online subscription date for the company's new shares are both July 16, 2026. The announcement also indicated that Changxin Technology's stock code/offline subscription code is "688825," and the online subscription code is "787825." The announcement shows that the proposed public offering will issue 668,808.8608 million shares (before the exercise of the over-allotment option), and the issuer grants China International Capital Corporation an over-allotment option not exceeding 15.00% of the initial number of shares issued. If the over-allotment option is fully exercised, the total number of shares issued will increase to 769,130.1608 million shares.

According to on-chain analyst Yu Jin's monitoring, the Ethereum treasury company Sharplink, which has not purchased ETH for 8 months, has resumed accumulation today, receiving 5,000 ETH (7.85 million USD) from FalconX 6 hours ago. It currently holds 876,000 ETH (1.37 billion USD), with an average cost of 3,609 USD, resulting in an unrealized loss of 1.789 billion USD (-56%).

Fortitude Mining Holdings and HeartSciences today announced that they have signed a definitive merger agreement to complete a business combination through an all-stock transaction.It is reported that Fortitude Mining Holdings is a vertically integrated digital asset mining platform focused on Zcash mining.The transaction is expected to be completed in the second half of 2026. Upon completion of the transaction, the merged company will continue to use the Fortitude brand and will be operated by the existing management team of Fortitude, including Fortitude CEO Andrea Childs. The new company plans to list on the NASDAQ capital market, with the stock ticker expected to be "TUDE," but it still requires NASDAQ approval.

According to an analysis by Tommy, there is a significant gap in valuation and revenue conversion for Chinese open-source AI companies, with their price-to-sales ratio (P/S) far exceeding that of leading counterparts in the United States.Data shows that Zhipu, which developed the GLM 5.2 model, currently has a market value of approximately $137 billion, but its revenue for the fiscal year 2025 is about $107 million, resulting in a price-to-sales ratio as high as 1280 times; MiniMax has a market value of about $23 billion, with a price-to-sales ratio of approximately 290 times. In contrast, the valuations of leading AI laboratories in the United States are more solid, with OpenAI (valued at about $852 billion) and Anthropic (valued at about $965 billion) having price-to-sales ratios of only 34 times and 21 times, respectively.It is believed that due to overseas users' concerns about data privacy, they are unwilling to send data directly to China, resulting in the massive demand for Chinese AI companies not being converted into actual API revenue, leading to significant profit loss to overseas third-party inference service providers (such as OpenRouter, etc.). To support their current high valuations, Chinese AI companies urgently need to prove their data non-retention mechanisms and capture the market at low prices, or explore revenue-sharing and initial licensing collaborations with overseas inference platforms to expand their actual revenue scale.

Hyperbridge Cross-Chain Interoperability Protocol Hyperbridge announced the completion of a comprehensive architecture reboot, re-launching after completing security audits, bug bounty incentives, and system reconstruction, and officially transforming into a "hyperstructure." The protocol was suspended after the security incident on April 13, during which it completed a joint audit with organizations such as SRLabs and paid over $150,000 in bounties to security researchers.The team stated that this upgrade removed the original centralized management keys, transitioning to a fully permissionless network of validators and provers, achieving full-stack decentralized operation.This reboot also introduced the "Hyper Fungible Token (HFT)" standard, making each cross-chain asset an independent application layer structure, with issuers autonomously controlling cross-chain behavior rules, including pause mechanisms and throttling strategies. Hyperbridge also released the OFT (Omnichain Fungible Token) adapter, which is compatible with existing cross-chain protocols like LayerZero, allowing assets to be migrated to a zero-knowledge proof-based transport layer by simply modifying configuration parameters, without the need to redeploy contracts.In addition, the protocol's business model has shifted from a pay-per-use model to a subscription model, allowing cross-chain applications to pay a stablecoin fee of $50 to $1,000 per month for bandwidth services. The official statement indicated that this upgrade marks Hyperbridge's transition from an early cross-chain bridge project to a fully decentralized infrastructure protocol, aiming to provide a unified interoperability layer for a multi-chain ecosystem without the need for trusted intermediaries.

Polymarket announced on Thursday that it has signed an exclusive partnership agreement with the Berlin digital football platform OneFootball, which will connect the prediction market to OneFootball's 200 million monthly active users and 645 million fan ecosystem about two weeks before the start of the 2026 FIFA World Cup. Polymarket will be the only prediction market partner within the OneFootball app, and competitors like Kalshi will not be allowed to enter this product.This is Polymarket's seventh major football partnership this year and the first collaboration aimed at media application distribution channels, having previously signed agreements with MLS, LaLiga, Serie A, Lazio, and DAZN.According to analysis by the Pew Research Center, since July 2024, sports have accounted for 39% of Polymarket's total trading volume. The 2026 World Cup champion market has seen a cumulative trading volume of over $1.2 billion since its launch last July, while the broader World Cup category market totals approximately $1.3 billion.OneFootball has previously launched the OFC token based on Base and Ethereum, as well as the points system BALLS. The integration with Polymarket will convert user engagement into actual transactions. OneFootball has raised over $300 million in funding, with investors including Liberty City Ventures, Animoca Brands, and Adidas.

According to official news, Gate Launchpool's 363rd phase Citrea (CTR) event upgrades the stablecoin yield structure, allowing GUSD to enjoy a 3% annualized yield from minting as well as dual rewards from Launchpool mining. GUSD is backed by highly liquid assets such as government bonds, which enhances the safety of funds and the sustainability of returns while providing robust returns.Gate will launch Citrea (CTR) spot trading on May 26 at 21:00 (UTC+8) and will simultaneously launch CTR on the swap platform at 22:00. Meanwhile, the Launchpool's 363rd phase Citrea (CTR) event will open from May 26 at 21:00 to June 16 at 21:00 (UTC+8).Users can participate in mining by staking BTC, GUSD, and CTR to share a reward of 16,000,000 CTR tokens, with airdrops automatically distributed hourly. This upgrade further improves the Launchpool yield structure, enhancing asset allocation efficiency while providing users with a more robust and diversified yield experience.