News linked to both this project and an event.
Minicoin, an IP RWA network built on the Creditcoin blockchain, has announced that its native token, MINI, will be the first project to launch on the PenguinSwap Launchpad.In addition, Mini Labs, the development company behind Minicoin, has received official authorization from IPX. Minicoin will mint each piece of intellectual property into IP NFTs representing full ownership. The platform ecosystem includes an on-chain IP registration system, smart contract-based revenue settlement (settled in MINI), creator and fan incentive mechanisms, and AI creation tools.Currently, the survival adventure game "minini universe: ROOM" has been deployed on the PenguinBase platform. Users can qualify for the MINI Launchpad public offering by playing the game, leveling up, and minting SBTs.
PPP Prediction Market Tool monitoring shows that on Polymarket, the probability of "GRVT FDV above $350M one day after launch" has dropped to 6%, down 25% in the past 24 hours.This event will be settled on day 1 after the GRVT governance token goes live, based on whether its fully diluted valuation (FDV) is higher than the specified value in the title.If the FDV on day 1 after the GRVT token listing is higher than the specified value, the event settles as "Yes"; otherwise, it settles as "No".For the token listing, it must meet the conditions of being publicly transferable and tradeable. FDV will be calculated by multiplying the total token supply by the token price."Day 1 after listing" is defined as 16:00 (ET) on the next calendar day after the listing date. The settlement price will reference the most liquid price source.Previously reported, Binance Futures has listed the GRVTUSDT perpetual contract with up to 10x leverage.Join the PPP Signal Push Community to stay ahead and seize the opportunity.
According to The Defiant, Paris-based startup Kulipa suddenly ceased operations due to solvency issues, causing the simultaneous disruption of card projects for approximately 20 crypto wallets and fintech companies it served. Self-custody wallet Ready (formerly Argent) and Solana wallet Solflare were both affected, with user card services immediately disabled. Since both wallets utilize a self-custody architecture, funds are deducted from user wallets only at the time of spending, so user assets remained unaffected. Notably, Kulipa completed a $6.2 million seed funding round co-led by Flourish Ventures and 1kx in April this year, only about 4 months prior to its collapse.
According to TNW, AI security operations startup Mate Security announced the completion of a $35 million Series A funding round led by Canaan Partners, with participation from Insight Partners, Team8, and Microsoft's venture fund M12, bringing total funding to over $50 million. This comes less than a year after the company emerged from stealth mode. Mate Security was founded by former employees of Wiz and Microsoft. Its core product is the "Security Context Graph," which empowers AI security agents with business context by building an organizational knowledge layer, enabling them to make judgments based on actual enterprise operational conditions when handling alerts, effectively reducing false positive rates.
According to TechCrunch, New York AI detection startup Pangram announced the completion of a $9 million funding round, led by Menlo Ventures, with participation from Haystack, ScOp, Script Capital, and Cadenza. Pangram simultaneously released the new generation AI text detection model Pangram 4 and AI image detection model Pangram Image, with text detection accuracy exceeding 99%, capable of identifying AI-assisted writing, mixed human-AI content, and text generated by AI humanization programs; the image detection model is currently in the research preview stage, based on pixel-level distribution analysis, capable of identifying cross-model AI-generated images, and can detect AI images appearing within real photos.
According to EU-Startups, Sigvi, a Vilnius, Lithuania-based AI revenue agent for the car rental industry, has completed a 1.2 million euro pre-seed funding round to accelerate product development and international expansion. The round was led by Superhero Capital.
Grayscale stated HYPE's forward P/E ratio is approximately 15 to 18 times. Hyperliquid possesses real cash flow and can therefore be valued like a stock, but the valuation is based on earnings per token rather than earnings per share. Based on this, compared with fintech peers such as Coinbase, Robinhood, and Circle, HYPE still appears inexpensive. Market data shows that HYPE is currently trading at $55.32, down 1.5% in the past 24 hours.
: Global payments company PayPal reported its second-quarter earnings, with earnings per share of $1.26, compared to $1.30 in the same period last year, falling short of the analyst consensus estimate of $1.28. Revenue reached $8.68 billion, surpassing last year's $8.29 billion and exceeding the analyst consensus estimate of $8.47 billion. PayPal recorded a non-GAAP adjustment of $81 million, related to gains and losses from strategic investments and crypto assets held for investment purposes. PayPal stated that since the company does not actively trade these assets and does not rely on them to fund ongoing operations, it excludes the related gains and losses from non-GAAP results. In its second-quarter investor presentation, PayPal stated that the company is leveraging its payments network, risk infrastructure, and trust capabilities to expand agent-based payments, stablecoins, identity, and biometric technologies. PayPal also noted that its PayPal World platform facilitated approximately $200 million in total payment volume between Venmo and PayPal.
In its financial system stability assessment report released this month, the International Monetary Fund (IMF) stated that Brazil's cryptocurrency-based cross-border fund flows have been growing steadily since 2017, with their scale now exceeding traditional capital movements. The report indicates that these fund flows are largely driven by stablecoins, which are utilized by both corporations and retail investors for efficiency and tax-related reasons. Stablecoin flows are correlated with international and local investment indicators such as the S&P 500, VIX, and Bitcoin prices, and are also influenced by exchange rates, interest rates, policy uncertainty, and changes in tax policies. The IMF noted that the Central Bank of Brazil has taken measures to regulate the virtual asset service provider (VASP) industry, but gaps remain in areas such as customer legal protection and the segregation of custodial assets. Comprehensive implementation of international standards, including the Travel Rule, is still necessary for anti-money laundering and combating the financing of terrorism (AML/CFT). The report points out that Brazil's crypto system is interconnected with the traditional financial system, and regulators need to collaborate with domestic and international counterparts to establish a more robust reporting framework. The Brazilian Congress is preparing to deliberate on Bill 4308/2024, aimed at regulating the status of stablecoins.
According to official announcements, TownSquare's Sonar public sale with a $200 million valuation was completed at 9 PM Singapore time on Sunday night, ending with a 200% oversubscription. This represents the highest oversubscription performance for a Sonar public sale this year, excluding MegaETH. Due to the oversubscription, the public sale will be settled based on proportional rules and an order from small to large amounts.
According to public information and relevant disclosure documents, Kong Jianping indirectly holds approximately 18.98 million shares of Changxin Technology through Yifang Changda Fund (committed capital of 21.34 million yuan). Calculated based on the opening price of 49.5 yuan on that day, the corresponding market value of the holdings is approximately 940 million yuan, and according to relevant calculations, the return is approximately 44 times. Jack Kong also stated that when he invested in Changxin in 2020, the company's valuation was still less than 20 billion yuan, and currently it has exceeded 3 trillion yuan.
on the eve of Changxin Technology's listing, multiple ETF fund managers including China Asset Management (ChinaAMC) and Harvest Fund Management issued cautionary notices. Certain ETFs under their management participated in the IPO subscription for Changxin Technology and valued it at the issuance price. However, the Indicative Optimized Portfolio Value (IOPV) for ETFs only reflects the issuance price of Changxin Technology and does not include its market price fluctuations. Therefore, on the first day of Changxin Technology's listing, the IOPV of these ETFs may differ from the fund's net asset value (NAV). Investors are advised to pay attention to the associated investment risks.In this regard, an ETF fund manager revealed that currently, fund companies generally participate in IPO subscriptions for these ETFs together with active equity funds. The ETF's IOPV is strictly calculated based on the PCF (Portfolio Composition File), and restricted stocks such as new shares are not included. If Changxin Technology sees a significant price surge on its listing day, the actual NAV of the participating ETFs would be slightly higher than the IOPV, resulting in a deviation. In such a scenario, potential arbitrage strategies could include buying ETFs while hedging with derivatives, retaining only the deviation's excess exposure. (Source: China Securities Journal Taurus)
According to Chaoxiang Research, CXMT listed on the STAR Market on July 27, surging 471% at opening, with market capitalization briefly exceeding 3.3 trillion yuan. Nomura Securities released its initiation report on the same day, granting a Buy rating with a target price of 116 yuan, corresponding to a 20x P/E ratio based on 2028 EPS of 5.8 yuan, implying over 12x upside based on an issue price of 8.66 yuan. Nomura noted that AI is driving a structural surge in DRAM demand, with AI memory demand CAGR exceeding 60% from 2026 to 2030, while global supply growth rate is only 30% to 40%, and the supply-demand gap will continue to widen. As the world's fourth-largest DRAM manufacturer, CXMT currently holds a global share of about 10%, expected to rise to 18% by the end of 2028, approaching Micron's scale. Q1 2026 revenue was 50.8 billion yuan (YoY +719%), and net profit attributable to shareholders of the parent company was 24.76 billion yuan (YoY +1688%), with quarterly profit already exceeding the full year 2025. Nomura believes CXMT should enjoy a "China premium," with the 20x PE valuation based on the midpoint between Micron's 10x historical average and the 1 to 3x valuation gap between Chinese and US semiconductor equipment stocks. Northeast Securities gave a valuation range of 3.2 to 5.7 trillion yuan on the same day, while Nomura's 7.76 trillion yuan is relatively optimistic; the core divergence lies in CXMT's long-term market share ceiling.
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.
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)
Chinese listed company Zhibao Technology has announced the signing of a non-binding term sheet with Joyer Tech for a PIPE financing based on 3,500 Bitcoins.
: BNB Chain Agent commercial clearing layer TermiX announced that Web3 security infrastructure GoPlus and smart contract security auditing firm Salus have officially become Provider Agents on the Agent.family platform. They have launched two production-grade security audit services, promoting the autonomous invocation and settlement of "security capability as a service" for AI Agents in on-chain commercial scenarios.GoPlus has packaged its verified token contract deep scanning capability as a standard Provider Agent service. DeepScan conducts comprehensive security checks on token contracts, identifying risk patterns such as Rug Pulls, honeypot scams, contract permission abuse, and trading restrictions, and generates structured audit reports.Salus has launched smart contract auditing and penetration testing services, encompassing formal verification, fuzz testing, machine learning-based vulnerability detection, and manual expert auditing. It covers high-risk vulnerability categories such as reentrancy attacks, access control issues, integer overflows, and DoS attacks. Salus, a seed-stage investment from Binance Labs, is a core security partner within the BNB Chain ecosystem.
BIT US stock options trading will officially launch on July 24. Following its margin trading (securities lending and borrowing) service, BIT is further expanding its derivatives matrix to provide users with lower-cost, risk-controllable tools for US stock trading and hedging.In terms of fees, BIT US stock options charge $0 commission for both buying and selling, with platform usage fees as low as $0.30 per contract—only half the fee charged by similar platforms. The minimum fee per transaction is $0.99, consistent with US stock trading, and options trading incurs no additional markup, helping users enter the market with a lower threshold.The initial launch will cover approximately 2,000 highly liquid US stock underlying assets, and will prioritize opening options buyer trading (Long Call / Long Put), while not yet supporting seller (Short) opening positions. The maximum loss for buyers is locked in as the premium paid at the time of order placement, effectively avoiding liquidation risks in extreme market conditions. The product's coverage scope and trading methods will be gradually expanded based on risk control system validation and market demand.Early bird exclusive offers and experience benefits are now available. By completing your first option trade or inviting a friend to participate, you can receive multiple early bird rewards, including 30 days of free real-time options quotes and popular stocks. For event details, please refer to the BIT US Stock Channel.Risk Warning: Options trading involves risk, which may result in the total loss of the premium paid. Please use investment and financing tools reasonably based on your own investment objectives and risk tolerance.
According to Chaoxiang Research, UBS released a SemiBytes Flash Note on July 20, 2026, judging that the semiconductor sector is transitioning from a broad-based rally to a phase of severe divergence, while the AI-themed crowded trade continues. The report covers five core topics. The release of Kimi K3 drives another upgrade in open-source model scale; longer context windows boost demand for HBM and storage, with NVIDIA being the biggest beneficiary. Micron's cumulative free cash flow over the next few years is expected to exceed $400 billion; after the buyback ban is lifted, the theoretical buyback ratio could exceed 40%, which is not yet fully priced in by the market. Divergence within the analog chip sector is intensifying; stocks with higher AI exposure have gained a 42x P/E premium, while valuations for stocks with automotive and industrial exposure remain near historical averages. Position crowding data shows that Lam Research, Broadcom, Seagate, Micron, and AMD remain in a state of extreme long positioning crowding.
TownSquare, an institutional yield and cross-chain lending brokerage service infrastructure, announced the official launch of its ICO public sale. This public sale is technically supported by the Echo Sonar platform from the Coinbase ecosystem. The valuation is divided into two tiers: a $150 million valuation based on a 6-month lock-up, and a $200 million valuation with no lock-up and full release at TGE, with a fundraising cap of $1 million. Currently, 30 minutes into the public sale, over $200,000 has been raised. According to data, most users chose the second tier with the $200 million valuation. This public sale is the first project based on the Monad ecosystem on Sonar, supporting USDC and USDT0 tokens on Monad. Previously, TownSquare completed a total of 3 rounds of financing totaling $16.25 million, with participation from World Liberty Financial, Auros Ventures, Amber Group, Animoca Ventures, OKX Ventures, as well as angel investors and institutions from ecosystems such as Monad, a16z, etc. It is projected that the previous valuation is comparable to this ICO valuation. TownSquare Sonar Public Sale Registration: townsq.xyz/sale