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According to Korean media Ket, South Korea's SK Telecom (SKT) announced the establishment of a new company dedicated to AI Data Centers (AIDC) named "SK Hyper" and plans to invest a cumulative total of 750 billion won to promote large-scale AI data center business expansion. It is expected to initially invest 330 billion won, and plans to cumulatively invest 750 billion won by December 2030, ultimately holding 100% equity in the company. Reportedly, the newly established SK Hyper will be responsible for the development and commercialization of future large-scale AI data center projects, including preliminary work such as site selection, power infrastructure, and customer business collaborations. Subsequently, external funds such as equity investment from Financial Investors (FI) and Project Financing (PF) will also be introduced.
CryptoQuant analyst Axel Adler pointed out in a weekly report analysis that the US 10-year Treasury yield has recently risen to approximately 4.7%, approaching the upper limit of the range over the past five years. The high-interest rate environment is tightening financial conditions, raising financing costs and asset discount rates, and increasing pressure on risk assets.
According to TheStreet, economist Peter Schiff stated that the recent decline in SpaceX (SPCX) stock price could be a warning signal from the market regarding rising risks in high-valuation AI stocks and crypto assets. He believes that SpaceX's correction is not a single-company issue, but may reflect a trend of cooling investor enthusiasm for hot assets.
Morgan Stanley analysts stated that if SpaceX's stock price falls to $100 per share, it implies the market's valuation of its AI business has dropped to zero. SpaceX launched an IPO valued at $86 billion in mid-June, and this week it fell to a low of $110.85, down 18% from the offering price. Analysts assigned a target price of $300 per share to the stock, with more than half derived from the AI business valuation. Previously, SpaceX entered the AI infrastructure sector leveraging its Starlink satellite network, providing low-latency data transmission services for large model training.
On-chain data shows that the Worldcoin Foundation sold approximately 217.4 million WLD tokens to institutions such as Pantera Capital, raising approximately $52.5 million. Based on the transaction amount, the transaction price was approximately $0.24, representing a discount of approximately 36% compared to the market price, and the relevant tokens are subject to a one-year lock-up period.
Coinbase Institutional and Glassnode have jointly released a market report, maintaining a neutral outlook on the cryptocurrency market for the third quarter of 2026. In the second quarter, the total market capitalization of the crypto market (excluding stablecoins) declined by approximately 12%, while stablecoin supply reached an all-time high. On-chain data suggests that Bitcoin may be transitioning from a correction phase to an accumulation phase, characterized by compressed valuations, near-multi-year lows in recent active supply, and the proportion of supply in profit breaking below historical statistical lower bounds—historically corresponding to accumulation rather than distribution zones. However, the macro liquidity environment remains tight, with the Federal Reserve maintaining a hawkish stance under Kevin Warsh's leadership, a strong U.S. dollar, coupled with geopolitical risks, selling pressure from digital asset treasuries, and net outflows from spot BTC and ETH ETFs in the first half of the year (though the pace of outflows has begun to slow), thus overall caution is advised.
the World Foundation has announced the completion of a $52.5 million fundraising through a strategic sale of WLD tokens. The round was led by Pantera Capital, with participation from Bain Capital Crypto, Eightco Holdings, Selini Capital, Susquehanna Crypto, and others. The World Foundation is the non-profit organization behind the World protocol. The WLD tokens sold in this round will be locked for one year and are intended for use within the World Network, and do not represent any investment rights, profits, or return entitlements.
According to CoinDesk, institutional crypto trading platform LMAX Group is evaluating strategic options with Morgan Stanley and investment bank KBW, including a sale, a merger with a special purpose acquisition company, and an initial public offering in the US or Europe. Sources say the company's valuation could reach up to $5 billion, with a Nasdaq listing currently the preferred option.
Institutional trading platform LMAX is working with advisors Morgan Stanley and KBW, the investment bank arm of Stifel, to evaluate strategic alternatives. According to sources familiar with the matter, options under consideration include a potential sale, a SPAC merger, or an IPO. London-based LMAX recently launched a 24/7 multi-asset exchange and secured a $150 million strategic investment from Ripple, which is related to institutional stablecoin adoption.
Memecoin.Fun has announced the completion of a $3.5 million strategic funding round, led by Becker Ventures, with participation from BitValue Capital, Mason Labs, Negentropy Capital, and angel investor Billy Wen, among others. The project primarily operates as a token issuance platform on the Robinhood Chain ecosystem. This funding round will be used to accelerate the development of core products and infrastructure, including the Robinhood Chain Launchpad infrastructure, cross-chain bridge functionality, and the research, development, and operation of the Memecoin All-chain Platform.
According to CoinDesk, citing sources familiar with the matter, cryptocurrency market maker B2C2, 90% owned by Japan's SBI Holdings, has held discussions with multiple potential acquirers regarding a partial or full sale over the past 18 months.
B2C2, a crypto market maker in which SBI Holdings holds a 90% stake, has been in acquisition negotiations with multiple potential acquirers over the past 18 months. The negotiations have been impacted by valuation differences. B2C2 is seeking a transaction price exceeding $1 billion, which one source familiar with the matter said is difficult to achieve in the current crypto market environment. These talks have taken place against the backdrop of consolidation in the digital asset industry, as several companies seek to expand their institutional businesses and increase scale through acquisitions.
Odaily News: In the insider trading case involving US stock options of Futu Holdings and UP Fintech (Tiger Brokers), two defendants had previously appeared—one individual and one investment institution. Now, a third defendant has surfaced in an attempt to unfreeze assets. According to a declaration submitted to a US court on July 23, the third defendant is identified as Yang Jingyao, whose Chinese name is Yang Jingyao, and who has been a Hong Kong resident since 2020. Yang Jingyao claims, "My personal assets far exceed my personal debts," and "I have no outstanding debts in arrears." According to public documents from the Hong Kong Stock Exchange, the single largest shareholder of Hong Kong-listed company Grand Power Logistics Group Inc. and the offeror in a previous mandatory general offer is also named "Yang Jingyao."Hong Kong Stock Exchange filings show that Yang Jingyao of Grand Power Logistics is currently 32 years old, and his mother is a wealthy individual from mainland China. Yang Jingyao is described as a businessman and private investor who has long invested in listed securities, information technology companies, startups, and other financial assets through brokers as well as wholly-owned private investment companies established in Hong Kong and the British Virgin Islands. However, there is currently no public evidence linking the securities accounts or funds involved in the US court's restraining order to the lapse of the Grand Power Logistics offer. (Caixin)
Odaily News As Bitcoin prices have experienced a significant correction, publicly listed companies that had accumulated large BTC holdings are facing multiple challenges, including falling stock prices, debt pressures, and a deteriorating financing environment. Some of these companies are now starting to sell Bitcoin, repay debts, and even pivot towards artificial intelligence (AI) data center operations.Strategy pioneered the "Digital Asset Treasury (DAT)" model, continuously purchasing Bitcoin through financing and borrowing, inspiring a wave of other listed companies to follow suit. However, as the BTC price has fallen approximately 50% from its peak of around $126,000 in October 2025, the stock prices of related companies have also shrunk significantly, forcing them to reassess their BTC accumulation strategies.This week, shareholders of London-listed company Satsuma Technology approved the liquidation of all 668 BTC, returning capital to shareholders, while proceeding with delisting. Another London-listed company, The Smarter Web Company, sold 178 BTC to repay its convertible debt.Additionally, Sequans Communications has sold 1,025 BTC and further sold nearly 80% of its remaining holdings to repay convertible bonds. The company stated it will not continue purchasing Bitcoin in the future and plans to sell the remaining approximately 658 BTC.Nakamoto's stock price has fallen approximately 99% since its SPAC listing in May 2025. The company recently sold about 284 BTC, raising approximately $20 million for working capital. Of its remaining approximately 5,342 BTC, nearly 70% has been pledged as collateral for loans from Kraken, which market observers believe poses a potential risk event.Meanwhile, Bitcoin mining companies are also adjusting their strategies. Companies like Bitdeer Technologies and MARA Holdings are selling portions of their BTC to repurchase shares, repay debts, and redirect energy resources and computing infrastructure towards AI data center operations.Other companies selling BTC include Empery Digital. Data shows that Strategy has recently sold approximately 3,620 BTC and has authorized further asset sales to maintain its U.S. dollar reserves.However, Strategy remains the world's largest corporate holder of Bitcoin, with holdings exceeding 840,000 BTC. The company's CEO, Michael Saylor, stated that while it may sell some Bitcoin in the future to pay dividends, this does not mean the company is exiting its Bitcoin investment.Beyond asset adjustments, management and capital operations at some Bitcoin treasury companies are also changing. Jack Mallers has stepped down as CEO; and Bitcoin Standard Treasury Company (BSTR), affiliated with Adam Back, failed to complete a proposed merger due to the deteriorating market environment.Analysts believe that with rising financing costs and increased BTC price volatility, the "borrowing to buy Bitcoin" treasury model is undergoing a reshuffle. Some companies are shifting from simply hoard
Driven by the profit surge from the AI boom and the impact of U.S. tariff policies, South Korean companies are launching their largest wave of U.S. investment and M&A in recent years. According to data from the South Korean Ministry of Economy and Finance, the actual foreign direct investment (FDI) by South Korean companies in the U.S. in the first quarter of this year more than doubled year-on-year to $10.2 billion, hitting a five-year high. Companies benefiting from the AI infrastructure boom, such as Samsung Electronics and SK Hynix, are accelerating their布局 in the U.S. AI supply chain. Samsung has already participated in funding rounds for ZutaCore, a company specializing in AI data center liquid cooling, and Groq, an AI chip company. Meanwhile, SK Hynix plans to invest $10 billion in U.S. innovative enterprises. Investment bankers believe that with Chinese buyers exiting the M&A market for large-scale U.S. tech assets, South Korean companies are entering a "golden period" for U.S. M&A. (Financial Times)
according to sources familiar with the matter, AI robotics startup Genesis AI is in talks with investors for a new funding round, planning to raise approximately $500 million, corresponding to a pre-money valuation of around $3 billion. Existing investor Premji Invest is in discussions to lead the round, while HSG (formerly Sequoia China) and Northzone Ventures are also discussing additional investments.In June this year, Genesis AI launched an AI industrial robot named Eno. The company stated that Eno is capable of reasoning "beyond predefined tasks" and adapting based on different outcomes. (Bloomberg)
据 Decrypt 报道，巴西巴拉那州 Fazenda Engenho Velho 农场以 10 头奶牛为抵押，完成首笔在巴西证券交易所（B3）正式登记的代币化牲畜融资交易，贷款金额为 10 万雷亚尔（约 1.94 万美元）。每头奶牛通过农业科技公司 Cowmed 的 AI 传感器项圈采集健康、行为及位置数据，生成唯一加密数字身份，并以哈希方式写入信贷合约，全程无需实地农场核查。 该模式旨在解决银行对牲畜抵押普遍打折高达 60%的问题。背景方面，巴西农业破产申请 2025 年达 1990 件，较 2023 年的 534 件增长近四倍，农业信贷危机持续加剧。Cowmed 目前监控六国逾 10 万头奶牛，预计两年内将其中 20%（约 7760 万美元）纳入代币化抵押体系，并计划在 2026 年底前通过该模式撬动约 97 万美元信贷规模。
the whale "First Set Ten Big Goals" posted on platform X, stating that after closing their short position, they quickly re-established a long position because their medium-to-long-term outlook has not changed. They believe the key demarcation zone of the previous bull market was around $60,000, and currently, the mainstream mining cost for Bitcoin is roughly concentrated in the $50,000 to $60,000 range. Last month, Bitcoin quickly recovered after dipping to a low of $58,000, validating the support level in this area. They believe that, barring systemic risks or major fundamental changes, the risk-reward ratio of continuing to short at the current level is not favorable. After Bitcoin completed its consolidation and hand-changing in the $58,000 to $63,000 range, it finished its correction and firmly re-established support around $66,000. The market now has the conditions for further upward movement, and they do not rule out the possibility of a strong bullish candle pushing Bitcoin past $72,000.They also stated that the current valuation of the US stock market, especially the AI-related sectors, is relatively high, which could lead to increased volatility in the future. Furthermore, the correlation between Bitcoin and US stocks has significantly decreased compared to previous cycles. With continued institutional capital inflows and the strengthening of Bitcoin's asset attributes, Bitcoin is gradually forging its own independent market trend..
citing sources familiar with the matter, that Stripe is in talks to acquire OpenRouter. OpenRouter is a popular startup that helps developers choose between various AI models. According to insiders, a deal could be announced soon, but there is also the possibility that negotiations could collapse or other bidders could emerge. The specific price under discussion is not yet clear, but sources suggest the company may be valued at around $10 billion in a sale. The sources added that several other major tech companies have previously explored opportunities to acquire OpenRouter. Founded in 2023, OpenRouter sells software that allows clients to easily access AI models developed by OpenAI and Anthropic, as well as "open-weight" models that anyone can download and run for free. Acquiring OpenRouter would enable Stripe to capture a hot growth area in the AI market. (Jin Shi)
Zhibao Technology, a Nasdaq-listed digital insurance products company, announced it has signed a non-binding term sheet with Joyertech and Information OPC. The company plans to sell shares through a PIPE financing, receiving approximately 3,500 Bitcoins as consideration, valued at around $220 million at current prices. The transaction remains subject to final valuation, custody arrangements, audit verification, regulatory review, Nasdaq compliance, and the signing of a definitive agreement. According to the term sheet, upon the closing of the PIPE financing, the buyer is expected to designate a majority of the members of Zhibao's Board of Directors, while the existing management team will continue to be responsible for day-to-day operations. On July 15, Zhibao disclosed that it had received a deficiency notice from Nasdaq because its stock price had fallen below $1.00 per share. The company has 180 calendar days, until January 6, 2027, to regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share.