News linked to this event type.
on-chain investigator ZachXBT stated that the LAB token has fallen from $14 to under $2 in the past 24 hours, a drop of approximately 85%, with its fully diluted valuation (FDV) shrinking sharply from around $14 billion.ZachXBT expressed disappointment that Binance, Bitget, and Gate did not take proactive measures to prevent price manipulation. He stated that if centralized exchanges truly valued user interests, they should at least return profits from accounts suspected of market manipulation to users.He also pointed out that LAB investors were originally scheduled to begin unlocking tokens later this month, but the vesting schedule has been repeatedly modified. Insiders have long controlled nearly the entire circulating supply and have used market makers to carry out extreme price manipulation on centralized exchanges. Therefore, he "does not recommend trading LAB under any circumstances."
According to BIT analysis, AI-related stocks such as semiconductors and memory chips have recently undergone a round of valuation repricing, with stock prices correcting somewhat. However, in comparison, Bitcoin mining companies have significantly outperformed Bitcoin.
According to the official announcement, Bybit Spot listed GROVE (GROVE/USDT) on the spot market at 15:00 UTC on July 7. Meanwhile, GROVE has joined the Bybit Token Splash Trading Competition, where eligible users have the chance to participate and share a GROVE prize pool of 4 million. Grove is unlocking the potential of the stablecoin economy. Through institutional-grade asset allocation, financing, and liquidity services, Grove brings real-world assets (RWA) and real-world application scenarios on-chain, helping build the next-generation global financial market.
Ye Su, Founding Partner of ArkStream Capital, posted on X: "Li Bojie also approached us during the fundraising stage. At the time, we thought the project had a solid background and expressed interest. Later, during the due diligence phase, we found that Li Bojie deliberately conflated interested funds with those that had already invested. The contract he sent over was extremely amateurish, and the team hadn't even figured out how to unlock the tokens. One moment they said 'we'll decide then', and the next 'we can set a term for now', so we decided to pass."Ye Su also mentioned: "Having been in primary investments for 8 years, my deepest insight is that a founder's character has nothing to do with their talent. When founders are down and fundraising, they are very humble. But when they start to gain something, that is the true test of a person's integrity. Li Bojie is a perfect example. The fact that he dares to come out and respond shows he is brazenly cheating people out of their money."
据 Bits.media 报道，俄罗斯国家杜马金融市场委员会已同意加密货币流通国家监管法案的修订版本，该版本预计进入第二次、也是关键审议阶段。修订内容删除了强制申报加密钱包地址的要求，改为仅申报钱包余额和资金流转情况。法案同时拟允许使用加密货币合法购买证券市场资产及俄罗斯数字金融资产。
According to official sources, Summer.fi released a post-mortem stating that on July 6, the attacker manipulated the share prices of two Lazy Summer USDC vaults by injecting overvalued Silo tokens into an offline Ark still included in the NAV, and extracted approximately $6.04 million in a single atomic transaction.
According to Odaily, driven by the hype surrounding SpaceX’s initial public offering (IPO), the tokenized stock market hit a record high for trading activity in June, with on-chain transaction volume reaching $3.86 billion, a 145% increase from May. Among the trades, tokenized SpaceX stocks accounted for $1.19 billion, representing approximately 31% of the total tokenized stock volume in June. The SPCX token launched by Backpack Securities became the most actively traded tokenized SpaceX stock product, with a single-month on-chain trading volume of $1.08 billion.Data indicates that this growth surge was primarily fueled by demand for SpaceX-related assets. Previously, SpaceX completed a $75 billion IPO, marking the largest IPO in history, and the company is valued at approximately $1.8 trillion on a fully diluted basis. Traditional popular assets such as Nvidia, Tesla, the S&P 500 ETF (SPY), and the Nasdaq 100 ETF (QQQ) remained actively traded, but none matched the market heat of tokenized SpaceX stocks. Additionally, the total market capitalization of the tokenized stock market rose to $1.53 billion in June, up 6.64% from the previous month, marking the 15th consecutive month of growth. (CoinDesk)
According to The Block, entertainment sector on-chain clearinghouse KOR Protocol announced the completion of a $7.5 million Series A funding round at a $100 million valuation. Investors include 1kx, Blockchain Capital, as well as previous investors such as Republic Crypto, Sfermion, Alumni Ventures, and SevenX.
The U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins released a statement on the 2026 regulatory agenda, indicating continued efforts to advance a series of regulatory reforms, including adapting the regulatory framework to the current market environment, actively embracing innovation and new technologies, implementing President Donald Trump's goal of "making America the global crypto capital," facilitating the launch of more crypto-related products in the U.S. market, establishing clear rules for crypto asset fundraising, and clarifying market participants' responsibilities in on-chain custody and facilitating on-chain tokenized securities trading.In terms of capital market reform, the SEC will advance the "Make IPOs Great Again" initiative by reforming the disclosure system and reducing compliance costs for companies going public, thereby encouraging more companies to enter the public markets while maintaining necessary investor protections.
as the 25-day quiet period following SpaceX's (SPCX) June IPO comes to an end, Wall Street analysts have begun releasing formal research reports. Multiple major brokerages have issued favorable ratings, indicating institutional investors remain optimistic about the company's long-term growth potential.As IPO underwriters, both Goldman Sachs and Morgan Stanley have assigned buy-equivalent ratings to SpaceX. Goldman Sachs analyst Eric Sheridan set a price target of $205, while Morgan Stanley analyst Adam Jonas gave a target of $300. Additionally, institutions such as Bank of America, Citigroup, Deutsche Bank, JPMorgan, and UBS have also initiated coverage with buy or equivalent ratings. Among them, Raymond James Financial provided the most optimistic forecast; analyst Brian Gesuale initiated coverage of SpaceX with a "Strong Buy" rating and a price target as high as $800, believing SpaceX will become "one of the most representative industrial infrastructure companies of the 21st century."Analysis suggests that market optimism towards SpaceX is primarily based on its布局 (layout/foundation) in areas such as rocket launches, Starlink satellite internet, and government contracts. At the same time, the company's communications business can provide a sustainable source of revenue and support future expansion of launch scale.As of March 31, 2026, SpaceX holds 18,712 Bitcoins. Wall Street believes that the concentrated coverage following the end of the IPO quiet period provides a window for institutional investors to conduct their first systematic assessment of SpaceX's valuation. The fact that nearly all major institutions simultaneously issued positive ratings is relatively rare for large-scale IPOs. (CoinDesk)
据 Arcus 官方推文，Robinhood Crypto 已正式对去中心化交易所 Arcus 进行战略投资，并将其收录至 Robinhood Chain 生态系统页面。Arcus 由 dYdX 原团队打造，目前已上线现货与永续合约交易（Beta 版），支持 0 手续费全天候股票交易。
the boom in AI infrastructure investment is cooling, and the market has begun to reassess the sustainability of spending on chips and data centers. As investors re-evaluate whether investment in AI infrastructure can be sustained, the "AI trade," which encompasses the semiconductor, memory chip, and data center industry chain, is showing signs of slowdown.Recently, AI-related chip stocks such as Micron Technology (MU) and SanDisk (SNDK) have come under pressure. Meanwhile, Samsung Electronics reported record-breaking second-quarter results, but its revenue fell short of market expectations. Its stock price still fell nearly 7%, dragging the entire AI chip sector lower.Market concerns are growing that as major cloud computing providers (Hyperscalers) may slow down their AI infrastructure investments, the current AI boom cycle, driven by GPUs, High Bandwidth Memory (HBM), and data center construction, could face a repricing. Concurrently, South Korean memory chip giant SK hynix's stock price has fallen about 25% from its all-time high ahead of its US listing, and its IPO is also attracting some funds away from existing chip stocks.Analysts point out that after SpaceX's massive IPO inflated valuations of AI-related assets, investors are reassessing the growth logic for the next phase of the AI rally. If the intensity of AI investment declines further, some capital might flow back from the AI industry chain to other risk assets, including crypto assets. (CoinDesk)
South Korean memory chip giant SK Hynix is set to list on the Nasdaq this Friday, becoming another highly anticipated large-cap tech company to debut in the US, following SpaceX. It is reported that SK Hynix plans to raise approximately $28 billion through an American Depositary Receipt (ADR) offering. As one of Nvidia's key suppliers, SK Hynix primarily produces High Bandwidth Memory (HBM), DRAM, and NAND flash products, with its business benefiting from the growing storage demand driven by the expansion of AI infrastructure.Market analysts believe that SK Hynix's US listing will serve as a crucial test of investor appetite for the next wave of AI technology IPOs. Over the past 12 months, its shares listed in South Korea have surged approximately 770%, outperforming rival Micron Technology's roughly 700% gain during the same period. SK Hynix's listing reflects the AI industry's investment fever spreading from large-scale models and computing chips to the storage and semiconductor supply chain. The market expects the second half of 2026 could see more waves of major IPOs from AI and tech companies. (Fortune)
stablecoin issuer Tether has announced a $20 million strategic investment in the Latin American on-chain financial services platform Mercado Bitcoin to support its growth in asset tokenization, payments, credit, capital markets, and compliant digital financial services.Founded in 2013, Mercado Bitcoin has evolved from a digital asset trading platform into a comprehensive on-chain financial infrastructure platform, covering services such as trading, tokenized investment products, lending, stablecoin payments, banking infrastructure, and cross-border financial services. This funding will primarily be used to expand payment infrastructure, scale tokenized products for institutional and retail investors, develop credit businesses, advance on-chain capital market construction, seek strategic partnership opportunities, and drive international expansion.
EDX Markets, an institutional digital asset trading platform, announced the completion of a $76 million Series C funding round, led by Japan's major financial group SBI Holdings. The company stated that the proceeds from this round will be used to upgrade its trading, clearing, and settlement infrastructure, accelerate product iteration, and promote the scaled rollout of global institutional services.Previously, EDX had launched EDX FlowConnect, empowering enterprises to compliantly launch digital asset trading services. Additionally, the platform has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to establish EDX Trust, aiming to build a federally regulated digital asset custody, clearing, settlement, and risk management system. (Prnewswire)
Serenity, known as the "White-Haired Stock God," stated that Raymond James Financial has initiated coverage of SPCX with a "Strong Buy" rating and a price target of $800, a significant increase from the previous $160.In response, Serenity indicated that this price target implies a valuation of $10 trillion for SpaceX, and remarked that he is "speechless" about it, jokingly adding that the so-called "institutional research report" aimed at retail investors essentially speaks for itself in terms of its content.
: SK Hynix's US stock listing roadshow PPT has been exposed. It is reported that Baillie Gifford Overseas Limited, Coatue Management, and Situational Awareness Partners have each (not jointly) indicated their intention to subscribe for American Depositary Shares (ADS) in the offering, with a total subscription amount of up to $7 billion at the initial public offering price.According to the disclosed information, SK Hynix's motivation for this listing is a dual pursuit of valuation reassessment and capital expansion. The company has long faced a valuation discount dilemma, currently trading at 6.2 times its expected P/E ratio for the next 12 months, lower than Micron Technology's 7 times. In terms of expected price-to-sales ratio, its 3.6 times is also lower than Micron's 4.6 times. The fundamental reason for this valuation gap is that US investors face obstacles in directly investing in Korean stocks. Meanwhile, the raised funds will be used for domestic capacity expansion in South Korea, including 45.5 trillion won in capital expenditure and 11.9 trillion won for the purchase of EUV lithography machines. (leinews)
According to Reuters, Chinese AI startup DeepSeek is developing its own AI chips, three informed sources revealed. The chip is designed specifically for inference scenarios, rather than for model training. The project was launched approximately one year ago and remains in the early stages. The company has engaged with chip design, wafer foundry, and storage enterprises, and has quietly increased recruitment of chip design engineers without publicly posting job listings. If successfully developed, DeepSeek will reduce its reliance on Nvidia and Huawei Ascend chips, following the trend of global AI giants such as OpenAI and Anthropic developing their own hardware. Affected by U.S. export controls, DeepSeek previously shifted from Nvidia H800 to Huawei chips. This self-developed chip is regarded as a significant strategic transformation. Meanwhile, DeepSeek also plans to complete its first round of external financing, with a fundraising scale of approximately $7 billion, and a valuation reaching $52 billion to $59 billion.
Grove is unlocking the potential of the stablecoin economy. Through institutional-grade asset allocation, financing, and liquidity services, Grove brings Real-World Assets (RWA) and real-world application scenarios on-chain, helping to build the next-generation global financial markets.
Grayscale Research stated that Strategy sold a portion of Bitcoin last week, which may help reduce financing risk and support Bitcoin price stability. This sale of approximately $216 million increased its USD reserves, expected to cover dividend payment needs for approximately 17 months. Meanwhile, the STRC price rebounded, indicating investors reacted relatively positively to this decision.